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Tuesday, September 9, 2014

Late Monday Night Jester and Friends Chat

Jester's Place:



[Jester] EVERYONE... HAPPY MONDAY...



[jam777] Jester ... well, the GOI is formed now ... can we have our RV ??? Why am I thinking we are months away, like after this new GOI shows itself stable for months and ISIS is driven out ...



[Jester] jam777 TOLD YOU THAT WOULD BE THE NEXT PREDICTION THAT DIDN'T WORK OUT BACK WHEN WE GOT THE NEW PM... BUT HEY... NO ONE LISTENS TO ME... HAHAHAH



[kristi] Jester: I know we are one day closer to something, but is the something going to be over by Christmas?



[Jester] kristi I WISH I COULD TELL YOU... MY INTUITION SAYS IT MAY DEPEND ON NOVEMBER 4TH...



[gwc] Jester do you think o has to be gone first?

....


[Jester] gwc NO HE IS A PUPPET ANYWAY... HE CAN PUPPET FOR ANYONE...



[gwc] Jester yes u r right!



[kristi] According to several senior-ranking White House officials, President Barack Obama will resign from office on January 1st 2015, after learning that a so-called “Smoking Gun” story regarding the Benghazi scandal will soon be revealed. Those sources claim Obama will announce his resignation shortly after the midterm elections in November. - See more at


http://ift.tt/WLUdAq



[pollyp] Jester, could you give us your reasons behind thinking it will be after the election?



Jester] pollyp INTUITION... THAT IS WHAT I SAID...



[Jester] NOTHING MORE...



[Jester] THAT HAS BEEN WORKING PRETTY WELL FOR ME SO FAR THOUGH.... HAHAHAHAH



[dinar chaser] Jester Have you talked about Argentina getting their first 1B in Chinese currency to help their reserves, out of $14B announced in June or July?



[Jester] dinar chaser I THINK THE NUMBERS YOU HAVE ARE OFF A BIT... I SAW SOMETHING EARLIER.... GIVE ME A MINUTE...



[Jester] OK... I ACTUALLY STILL HAD IT UP... China Could Help With Argentina's $1.5B Debt : A Look at China's Impact on Latin America and the Caribbean Region



[Jester] According to a Time magazine article dated July 21, Argentina owes its creditors, led by U.S. hedge funds, $1.5 billion. Maybe China can help. China appears to be throwing money and its influence around in countries such as Argentina and some of the English-speaking Caribbean.



[Jester] A week and a half ago, Argentina and China signed a multi-billion-dollar deal that entailed infrastructure-financing and a currency-swap during the Chinese president's visit to Argentina. Twenty agreements were included in the deal and, as part of the currency swap, 70 billion yuan currency (Chinese currency) was to be bartered between the central banks of Argentina, at an equivalent of $11 billion, Capital reported.



[Jester] To some, this is a rare financial gift that Argentina needed, but from a perhaps unlikely source. In fairness, China has been making trade deals with the top five nations in Latin America since 2000, they include Argentina, Brazil, Chile, Mexico, and Venezuela.



[dinar chaser] Jester China is doing the deal so Argentina and purchase Chinese goods with their currency and bypass USD use. I thought it was interesting after the U.S./hedge funds wern't very kind to Argentina over the last couple of years.



[Jester] The $11 billion exchange could be exactly the financial injection the country needs, but to some financial experts and analysts it might make little or no impact. Argentina is facing depleting foreign-currency reserves, the reserves is the only money the country has to pay its creditors. Alberto Ramos, senior Latin America economist for Goldman Sachs, says that the financial swap does little to help Argentina's financial problems, and the yuan cannot be converted into other currencies, Capital reported.



[kristi] Jester: Hope it isn't China's version of Economic Hit Man



[Jester] dinar chaser NOT EXACTLY... READ ON...



[Jester] So why would the Chinese put their money there? And why would Argentina's President Cristina Kirchner allow them to do so? Perhaps it is to demonstrate that Argentina is still worth investing in. At the moment, China has agreed to lend Argentina $2.1 billion to buy railroad equipment and finance the construction of hydroelectric dams in the southern part of the country to the amount of $4.7 billion, Capital reported.



Jester] The whole thing sounds like a head-scratcher. China's gesture comes on the heels of the annual BRICS Summit 2014 that ran from July 15-17; this summit involved the presidents of five countries: Brazil, China, India, Russia, and South Africa. At this conference, these leaders discussed international trade and finance. Deals were made between Chinese President Xi Jinping, and Brazil President Dilma Rousseff. Rousseff and Jinping agreed to deals that included passenger-jet sales, to power grid investments, The Wall Street Journal reported.



[Jester] One of the deals that stood out was the BRICS nations formation of a bank that would rival the World Bank, and the International Monetary Fund (IMF). China has put up $41 billion, the largest contribution for this bank that they are forming, Newsweek reported.



[Jester] This is a lot of money, and perhaps with it comes a lot of power and control. China has shown its financial control before in the English-speaking Caribbean. In 2012, there may have been cause for concern. In Baha Mar, the China State Construction dispatched Chinese workers to build a $2.6 billion resort, which was financed by the Export-Import Bank of China. Jamaica received Chinese aid worth $400 million. While in Guyana, Chinese companies mined for bauxite and wanted to build a hydroelectric plant and hotel to develop and modernize the country's main airport, The Economist reported.



[dinar chaser] Jester China seems to be embedding themselves into all kinds of pies, huh?



[Jester] LOOKS LIKE CHINA IS INTERESTED IN A LOT OF THINGS...



[Jester] dinar chaser AND THERE YA GO... HAHAHAHAH



[dinar chaser] Jester As Colonel Klink used to say: "Very interesting!! Very interesting!". Hahahaha



[pokerbrat] Jester this leads us to think China has some money to invest with



[Jester] dinar chaser IT DOES NOT TAKE A ROCKET SCIENTIST TO FIGURE THIS ONE OUT... WHEN YOU ACT RIGHT AND HAVE THE CORRECT END GAME IN MIND IT IS POSSIBLE TO MAKE THINGS RIGHT... THE US MISSED THEIR CHANCE TO BE THE BIG GUY.... CHINA IS TAKING IT SERIOUS....



[dinar chaser] Jester Agreed, but my concern is how much of the world has USD as their reserve currency. It's over 60%, from what I"ve heard. How can the world make the move to a new, or several new reserve currencies when the U.S. has such a domination position?



[Jester] dinar chaser SERIOUSLY? IF IT IS NOT WORTH THE PAPER IT IS PRINTED ON... THEN WHAT IS IT WORTH?



[Jester] LOOK AT IT THIS WAY... THAT CURRENCY IS BASED ON SUPPLY AND DEMAND... WHAT DO YOU SEE HAPPENING LATELY?[



[Jester] THAT THINKING IS HOW O IS LOOKING AT IT... TOO BIG TO FAIL... THAT IS THE SCENARIO... DO YOU THINK HE IS RIGHT?



[Jester] I FOR ONE DO NOT... I THINK THE BRICS IS KICKING HIM IN THE PRIVATES... BUT HEY... WHO AM I TO SAY....



[SoldierofChrist] Jester REALLY BIG NOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!



[dinar chaser] Jester I think there may be many countries (especially the smaller ones) that are nervous ninnies and would be afraid to make the switch.



[Jester] dinar chaser MAYBE SO.... OR A CHANCE TO GET IN WITH THE NEW BIG GUY ON THE BLOCK... TAKE YOUR PICK...



[dinar chaser] Jester By the way, I think you're right in terms of the BRICS having some fun with O.



[Jester] dinar chaser HAHAHAHA... IT MUST BE A HECK OF A LOT OF FUN FOR THEM TO BE WATCHING O SQUIRM....



[dinar chaser] Jester Doesn't China have its own set of sizable problems? Are they really in a position, financially, to make it happen?



[Jester] dinar chaser THEY HAVE FRIENDS... HAHAHAHAH



[chasen] Jester btw there are a lot of us waiting to help. We hope we have $!!



[SoldierofChrist] Jester looking at the transpiring events should we be worried because i have been really at peace but feeling prepared...



[Jester] SoldierofChrist IN WHAT RESPECT? NOT SURE I UNDERSTAND WHAT EXACTLY YOU ARE ASKING...



[dinar chaser] Jester But, including their friends, it's going to take a lot more than $100B or $150B to do the trick. Wouldn't we be taking about trillions being needed?



[Jester] dinar chaser WHICH TRICK ARE YOU TALKING ABOUT???? THE ONE WHERE THEY OWN LIKE A HUGE PERCENTAGE OF OUR DEBT? A DEBT THAT COULD BE TRADED FOR SAY... OIL CREDITS? WHICH WE DON'T NEED AND THEY DO? HMMMM....



[Jester] AND IF THE FED REVERSE CREATED THAT DEBT TO GET THE DEAL DONE... HMMM...



[Jester] THAT SCENARIO WAS DISCUSSED MONTHS AGO... MAYBE TIME TO DO IT AGAIN TO REFRESH EVERYONE'S MEMORY...



[chasen] Jester hmmmmm!! You are sounding like something's up!!



[Betsy Ross] yep



[dinar chaser] Jester I could use a refresher. Not sure I'm totally following you.



[Jester] dinar chaser LET ME SEE IF I CAN WORK THAT UP IN THE NEXT COUPLE NIGHTS...



[Jester] dinar chaser HINT... THE FED CREATES MONEY OUT OF THIN AIR... THEY CAN ALSO DO IT IN REVERSE...



[dinar chaser] Jester Jester It will be appreciated. Very intriguing, and important, topic that will effect the future of the world.



[SoldierofChrist] Jester sorry... in respect of it being chaotic here in the us if certain things happen



[Jester] SoldierofChrist GOING TO GET DICEY IF THEY DO NOT GET THEIR STUFF TOGETHER... BEST TO BE PREPARED...



[chasen] Jester RIGHT??????



[Jester] chasen WE HAD THAT POST A COUPLE MONTHS BACK... WILL SEE IF I CAN FIND IT...



[Jester] SHEESH... YOU GUYS SHOULD REMEMBER THAT ONE... WAS A REALLY GOOD ONE ABOUT HOW YOU GET PAID... SURPRISED YOU DO NOT REMEMBER...



[dinar chaser] Jester I get your comment but I still think, even though they have created money out of thin air, a lot of countries and bought off on it and are big time invested, via currency reserves. Would they not want to keep the USD valuable to ensure their reserves?



[Jester] dinar chaser WELL SERIOUSLY... WHAT IS IT WORTH?



[chasen] Jester about the money out of thin air! I totally get that!! They loaned us NOTHING!! So we owe then what??



[Jester] chasen THAT IS A LITTLE BACKWARDS... THEY BOUGHT THE BONDS... WE OWE THEM... THINK ABOUT HOW WE CAN PAY WHEN DUE...



[Jester] DANG.. TIME TO GO.. NIGHT NIGHT...



[Jester] TAKE IS EASY... BE COOL...





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