Late Monday Night Jester Chat: "Bonds, Wires, and Oil Credits"

Jester's Place:  

[pollyP] Jester, can you tell us how you believe the Fed goes away or is neutralized in this scenario?

[Jester] OKAY I CAN DO THAT...AND ACTUALLY PEEPS THIS IS A VERY GOOD QUESTION... SO YOU SHOULD PAY ATTENTION....

[Jester] I BEEN TALKING ABOUT IT FOR SOME TIME... BUT APPARENTLY THIS IS NOT GETTING ACROSS.... SO HERE WE GO AGAIN... PAY ATTENTION.....

[Jester] SO... SOME OF YOU KNOW THE DEAL ON THE FED AND THAT THEY ARE A CENTRAL BANK... FANCY NAME... BUT NOT THE US BANK OR ANYTHING CORRECT?

[DWIM] yep

[hoot2602] Jester yes, privately owned
....

[Jester] SO IF YOU ARE LIKING TO MAKE A STATEMENT... THE REPUBLIC... WILL YOU LIKE TO HAVE THE FED MAKING THE LOANS TO YOU OR WILL YOU LIKE TO HAVE A NICE GOLD BACKED MONEY WORKING FOR THE AMERICAN PEEPS?

[Hoosier Girl] Gold

[SOLDIEROFCHRIST ] Gold backed

[Hannah] gold is nice

[caro] gold

[LH] gold

[TxBikerLady] Gold backed

[LdyFaith] Gold

[Lunatechfringe] gold backed

[dinarrocks] Jester Give me the gold!

[kirbycat94] I vote for GOLD,

[Jester] SO LET US POSTULATE A SCENARIO WITH THAT IN MIND...

[Jester] THIS WILL GET A DANG DISCLAIMER.... GRRRR....

[Jester] THE GROUPS... THE UST GROUPS....ARE ALL SET UP.... THE NUMBER AND INTAKE IS KNOWN....

[Jester] I BELIEVE THEY LIKED TO KNOW THAT AND WAITED UNTIL THEY HAD WHAT THEY LIKED TO HAVE....

[Jester] SO... THEY HAVE IT... AND IT IS TO BE CONVERTED TO OIL CREDITS...AND A PERCENTAGE OF THAT GOES TO THE UST....

[Jester] I AM OKAY WITH THAT....

[Jester] HELPED THE REPUBLIC AND IT IS NOT THAT MUCH..

[Jester] AND THE GROUP RATE IS SIGNIFICANT....

[Jester] SO I AM GOOD WITH IT......

[Jester] THE SIMPLE THEORY IS THAT THE UST IS FUNDED...

[Jester] NOW THE FED....WHICH HAS BONDS OUT THERE....

[Jester] SO YOU MIGHT THINK THE DEBT IS TRADED FOR OIL CREDITS TOO....

[Jester] WHAT IS MISSING...

[Lunatechfringe] trn

[jojill] Gold?

[Jester] THE BONDS ARE THE UST BONDS...

[DWIM] If I'm the Fed and I'm loaning (USDs), depends on what I have to pay back with.

[Jester] THEY CAN BE NEGOTIATED FOR IN THIS SCENARIO...

[Jester] SO LET US TRADE SOME OIL CREDITS FOR BONDS... YIKES.... TOO SIMPLE....

[Jester] IT IS WHAT IT IS..

[Jester] MAKE SENSE?

[Jester] POLLYP?

[pollyP] Jester, so, the Oil Credits are traded for the UST bonds that the Fed holds. The debt is paid off and the UST has no more debt through the FED. So, the Fed goes back to England?

[DWIM] Chiming in (but maybe should be quiet): Makes sense so far. But I'd rather break the Fed n pay them back with relatively the relatively worthless cr$p they loaned us in the first place.

[alfonse] Jester You are right , there will be be a disclaimer

[dinarrocks] Jester Do you believe all the UST Groups will get the same rate?

[pollyP] Jester, BUT....the Fed is blocking the funds to pay out to get the Oil Credits so they can not be traded for the Fed bonds so the Fed can go away. I know, I am over thinking. What is going to make the Fed let the money flow?

[Jester] pollyP OKAY.. FIRST OF ALL.... WHO TOLD YOU THEY WERE BLOCKING OIL CREDITS?

[pollyP] Jester, you said they won’t let the wires through

[DWIM] So I pay the Fed back with relatively worthless USD (which is what they loaned me in the first place), but the FED want me to pay back with something worth more than the USD. Like the funds exchanged for the credits. So they (Fed) holds this up cuz they gave us USD but want ...

[Jester] BECAUSE WHOEVER TOLD YOU THEY WERE BLOCKING OIL CREDITS IS FULL OF IT...

[Jester] pollyP WELL THERE IS A HUGE DIFFERENCE THERE....

[DWIM] K. back to listening.

[Jester] BLOCKING WIRES IS HUGELY DIFFERENT FROM BLOCKING OIL CREDITS.....

[Jester] YOU DO NEED TO MAKE SURE YOU UNDERSTAND THAT....

[pollyP] Jester, okay, maybe there is my disconnect. The money needs to be wired to pay the groups

[pollyP] so the UST gets the dinar to trade for Oil Credits.

[Jester] pollyP YOU ARE ONLY WORRIED ABOUT WHAT YOU LIKE TO SEE....

[pollyP] Jester, no wires, no dinar, no oil credits....no?

[Jester] BUT IF YOU LIKE TO KNOW REALITY THEN YOU NEED TO START TALKING ABOUT IT CORRECTLY....

[Jester] THE FED BLOCK IS ACROSS THE BOARD... NOTHING IS GETTING DONE....

[Jester] IT IS PRETTY MUCH INCONVENIENCING THE WORLD.....

[DWIM] Maybe dangerous to ask, but, So why the block?

[Jester] THE FACT OF THE MATTER IS THERE IS A DISCONNECT...

[Hoosier Girl] Jester I don’t think the World is going to keep on & on waiting...

[Jester] AND THE US IS THE CULPRIT... TAKE IT FOR WHAT IT IS WORTH....

[Jester] Hoosier Girl AND THAT IS THE WHOLE REASONING BEHIND PLAN B... GO FIGURE.....

[SOLDIEROFCHRIST ] Jester plan b like you’ve been saying forever lol

[Hannah] Jester Regarding the block on wires ... is that just international? big money? or all wires everywhere?

[Jester] OKAY... COME WITH SOME OF THESE KILLER QUESTIONS TOMORROW EARLY ON AND WE WILL BAT THEM AROUND.....

[DWIM] K. Will try again tomorrow.

[Jester] NIGHT NIGHT EVERYONE....

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