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6pm December 3rd, 2015

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Table of Contents

Economics, Free Pom

Reader Comments On "After The SDR Announcement - Now What?"

http://www.imf.org/external/np/sec/pr/2015/pr15540.htm

Steve Henningsen I must admit JC that I was surprised the dollar weighting remained relatively unchanged. I had expected it to drop at least 5%. Seems the Euro may take the brunt of the depreciation before the dollar does further down the line.

JC Collins Maybe that would have been the other 4% to 6% which would have put the RMB weight at 14% to 16%, which was originally suggested. Negotiations.

Dripfood JC, could this also be related to allowing ECB some more QE and negative rates, without it affecting the SDR rate too much for the coming 5 years?

JC Collins That is possible. Though I think alternatives to QE will soon be emerging. It is my conclusion that it will take all three reserve currencies, the dollar, euro, and renminbi to help balance the international monetary system. The euro currency and zone will be interesting to watch over the next few years.
~~~
TNT:

Elmerf12346: I just spoke to Okie and in his indelible style, he said his plane has landed but the canopy is stuck .....however the mechanic is on the way!

No more flight plans need to be followed/ submitted! Okie is on the ground waiting for the canopy to open and follow ground instructions ....nothing more nothing less

Okie is simply waiting like the rest of us! And he says to tell everyone hello and God bless!

Also for you that were fortunate enough to hear Okie on open mike several days ago it was a lady named Janet that he promised to speak to her 92-year-old mother named Beth and they were on the phone today for an hour and that made this ladies day

So Okie does what he says he's going to do and it touched his heart and he wanted me to tell you this !
....
KTFA:

bestill44 : FRANKIE...TINK....HAPPY B-DAY...YOU AND ALL OF YOUR TEAM....THANK YOU......FRANK,,,IS THERE A IMF MANDATE ON HOW LONG THEY HAVE TO MAINTAIN THE 2% SPREAD ???? B-4 THEY CAN SHOW THE WORLD THE NEW INTERNATIONAL RATE????...THANKS BE STILL 44...PROV 27:19

Frank26: That is based on DRS's #4........... His plan for the MR steps. Of which he has selected a FLOAT. IMO ........... It should be CONTROLLED in order to stop the 2% margin when DRS feels he is ready to CAP the GROWTH.

IMO ........ A year or more.

BUT ............ TEAMS have told me the GROWTH from .40 to 1.00 will be very very fast.
....

KTFA:

Aggiedad77: Here are my CC Notes from last night Family enjoy Aloha Randy

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***

CC Notes Wednesday December 2, 2015

Frank26: Yesterday we reiterated that security is still the number 1 issue.....I told you to pay attention to Ramadi and Mosel...I again say pay attention to these places.....why.....I will explain at the very end of this conference call.

We also told you yesterday that ISIS is in all honesty is a mental imbalanced problem....a deranged brain that thinks with their logic.....
....

 

Sovereign Man  Notes From The Field  By Simon Black

December 2, 2015   Santiago, Chile

Talk about a difference between fantasy and reality.

It was just a few weeks ago that the International Monetary Fund predicted that Saudi Arabia would likely be bankrupt within the next five years.

Saudi Arabia's financial position is deteriorating rapidly, and the government is burning through cash like a coked-up rock star.
 ~~~
The below posts were in our 10am Newsletter
What You Need To Know About China's Inclusion In IMF Currency Basket

Published: Nov 30, 2015 2:36 p.m. ET
 
     
IMF's big decision won't have much impact outside of China

The IMF on Monday made the yuan part of its currency basket.



 

TNT:

Desmo:  Im thinking that this thing is done over there(Iraq) ....with lower denoms being handed out earlier in some of the regions I'm in hopes that this 3 day vacation is to get the rest of the country passed out and give them a chance to celebrate...and then our blessing comes..thats my story and Im stickin to it

Firestarter:  The RV isn't done-still have laws to pass

Already Blessed: NO LAWS TO BE PASSED HON....JUST GLOBAL STUFF GOING ON ABOVE OUR PAYGRADE

Azjmarkman:  Can the global stuff above our paygrade be done by tonight?

Already Blessed:  WE HAVE SOME AMAZING SOURCES....WE HAVE ALWAYS HAD THE LARGEST INTEL TEAM WITH THE MOST QUALITY SOURCES OF ALL BUT SOME STUFF IS JUST NONE OF OUR BUSINESS SO WE CAN'T KNOW EVERYTHING.....ALTHOUGH APPARENTLY SOME THINK THEY DO
....


 

China Joins IMF Currency Basket: Why It Matters

BEIJING (AP) - The addition of China's yuan to the select basket of currencies used as a yardstick by the International Monetary Fund is a sign, experts say, that the yuan may one day become as recognizable as the dollar or euro.
 
Adding the yuan alongside the dollar, euro, pound and yen is a symbolic victory for Beijing. It reflects the rising importance of the world's second-largest economy and is an endorsement of gradual Chinese moves toward making the currency freely traded.
 
Currency traders and economists see the change as encouragement to Beijing to make faster progress on promises to make the yuan "freely tradable" and open its financial system.
~~~
 

 

 
TNT:

Elmerf12346:  Forex just polled at 1078.6 Bam... I don't believe the Forex number means much right now

I think they are manipulating the Forex just like the placement rates on the CBI I really believe were very very very close

Olesailor:  I must admit I am confused. For example, last night Bruce said it had been tried 7 times in the last 7 days and was scheduled again last night/this morning. Now we are 8 for 8 WHAT IS THE MOTIVATION FOR THE DELAY/ There has to be some political motive and I just don't see it. People are going crazy and the closer we get to Christmas the worse it is going to be. Does anybody have ANY IDEAS?

Tinkie:  olesailor' heard there was a glitch last nite that was fixed and now its tonite

Mountain Mole:  If one pushes the button in Europe does that makes the button in the USA pop up Someone needs to pull the button so hard that they pull the person from the other end all the way through.
....


 


HI ALL
 
WONDERFUL NEWS IS ALWAYS EASY TO GET ACROSS, AND THAT WILL BE NEXT WEEK. THIS WEEK I HAVE GOOD NEWS. THE GLOBAL TRUST THAT I WORK WITH HAS GIVEN THE HEADS UP THAT THE FUNDS ARE USABLE AND IN THE SYSTEM NOW.
 
THAT SIMPLY MEANS THAT I CAN EXPECT THE FIRST TRANSFER TO IMPLEMENT THE INFRASTRUCTURE FOR THE PROJECT SIDE.
 ~~~


 
 
Millionday: HELLO EVERYONE
 
Millionday: I RACED IN HERE BECAUSE SOMEONE TOLD ME THAT THE DATE WAS IN HERE
 
Millionday: WOW -- MAY OR JUNE? WHO SAID THAT?
 
Millionday: WOULD LOVE TO HEAR WHY AND WHAT STATES THAT
 
Millionday: HELLO SHEILA HUN -- THANK YOU FOR ALL YOU DO FOR US
 
sheila3: i don't want to be here in May or June lol
 
Millionday: I WON'T BE BUT DID SOMEONE SAY THEY WERE TOLD WE WOULD BE?
 ~~~


 

LC Admin therealbubbie Chat CBI New Rate 12/02/2015 Today at 11:17 am
[therealbubbie] in case you missed it .... here you go boys and girls right from the cbi site ...

US dollar USD 1182.000 1180.000

Euro EUR 1252.920 1252.294

British pound GBP 1782.220 1781.328

Canadian dollar CAD 883.937 883.495

Swiss franc CHF 1148.911 1148.337

Swedish krona SEK 135.959 135.891

Norwegian krone NOK 136.164 136.096

Danish krone DKK 167.948 167.864

Japanese yen JPY 9.598 9.593
 
The below posts were in our 10pm newsletter

Wealthwatch SCZIN11 & OOTW  Chat 12-2-15  Part 1 of 2


 Recaps Note: {SCZIN was posted  earlier this morning as a stand alone  but have included it here as it is part of the original chat discussion}


SCZIN11: THE CBI WEBSITE HAS ....WELL , CHANGES AND ...
 
*SCZIN11: WOW! DINAR EXCHANGE RATE DOWN & TOMORROWS AUCTION RESULTS TOO??
 
*SCZIN11: CURRENCY CODE SELL BUY US dollar USD 1182.000 1180.000
*SCZIN11: AND THEN THE AUCTIONS...
 
*SCZIN11: CURRENCY AUCTION RESULTS FOR TODAY AND TOMORROW
*SCZIN11: Currency AuctionsAnnouncement No. (3086)The opening offers the sale and purchase of foreign currency in the window  of the Central Bank of Iraq on 2/12/2015 
 
~~~
 Economics, Free Pom
After The Sdr Announcement - Now What?   (Freepom)

November 30, 2015 

Widening of the Trading Band, US Yuan Clearing, and Increasing Interest Rates
By JC Collins
 
A major piece of the POM analysis has fallen into place.  As has been predicted here for the last two years, the Chinese renminbi has been added to the Special Drawing Right basket of the International Monetary Fund. 

This fundamental change in the composition of the SDR will allow for a more sustained and balanced adjustment to the international monetary system. 
~~~