Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Thursday Evening 1-18-18
Jackie: Hello. I am having trouble getting info on which Credit Unions are not incorporated. I called a few of them but I don't think they understood me. I heard there was going to be a list of these State-chattered unincorporated Credit Unions. Thanks in advance.
Doug_W: @Jackie I am lost as to why U need that if I am not being too nosy
Jackie: Jared Rand recommended to use this type of credit unions instead of commercial banks.
Doug_W: @Jackie 4 what purpose?
HSBC to Pay $100 Million to End U.S. Currency-Rigging Probe
By Tom Schoenberg and Patricia Hurtado
January 18, 2018, 3:11 PM EST Updated on January 18, 2018, 4:53 PM EST
Bank takes deferred-prosecution deal a month after one expired
One HSBC trader has been convicted, another charged in scheme
HSBC Holdings Plc has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, part of a probe that has already led to the conviction of one of its former bankers and charges against another.
Briona: The days go by with anticipation of an RV, like the sands in an hourglass, these are the days of our lives.
Lobster: Trump just Tweeted: AMERICA will once again be a NATION that thinks big, dreams bigger, and always reaches for the stars. YOU are the ones who will shape America’s destiny. YOU are the ones who will restore our prosperity. And YOU are the ones who are MAKING AMERICA GREAT AGAIN! #MAGA
RvAlready: I wish Treasury would publish a letter saying they put out a directive to the banks to start exchanging on Jan 2, and the transfer accounts are fully funded, and they have no idea why the banks are dragging their feet. Now THAT would light a fire under a few people…. Either way, it would be good to know what organization that was responsible for this delay.
RvAlready: Someone needs a fire lit under them at this point…. This is just financial, not rocket science
Samson: Why are not countries printing money? Many of which solve the problem of poverty and religion
18th January, 2018
This is perhaps one of the most curious questions we can think of when thinking about the financial system of a country.
As long as the state is the owner of the power and has the printing presses - or printed in other countries - why not print money .. a lot of money as long as the cost of printing is much less than the value of legal paper?