Jester's Place:
[Jester] HI AND HAPPY WEEKEND MODS, PEEPS, LURKERS, AND CRITTERS!
[branhind] Jester Just want to give a SHOUT OUT to all VETERANS, past, present and future . I pray for their safety and thank everyone of you for your service.
[Jester] branhind GOOD DEAL...
[Dinar Chaser] Jester Have you heard anything further about the AIIB testing their version of the SWIFT system? I heard Russia, China, and a few other countries have been doing some tests with it.
[Jester] Dinar Chaser IT WAS IN THE NEWS LAST WEEK... IT HAS BEEN GOING ON FOR SOME MONTHS... I BELIEVE THEY ARE NEARLY READY... HOLD ON...
[Jester] China's mega international payment system is ready, will launch this year - report
....
[Jester] HI AND HAPPY WEEKEND MODS, PEEPS, LURKERS, AND CRITTERS!
[branhind] Jester Just want to give a SHOUT OUT to all VETERANS, past, present and future . I pray for their safety and thank everyone of you for your service.
[Jester] branhind GOOD DEAL...
[Dinar Chaser] Jester Have you heard anything further about the AIIB testing their version of the SWIFT system? I heard Russia, China, and a few other countries have been doing some tests with it.
[Jester] Dinar Chaser IT WAS IN THE NEWS LAST WEEK... IT HAS BEEN GOING ON FOR SOME MONTHS... I BELIEVE THEY ARE NEARLY READY... HOLD ON...
[Jester] China's mega international payment system is ready, will launch this year - report
....
[Jester] The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro.
[Jester] The launch is expected in September or October, depending on how tests go, a source told Reuters. Another person with direct knowledge of the matter said the goal is to start the first phase before December, Reuters reported.
[Jester] "The CIPS is ready now and China has selected 20 banks to do the testing, among which 13 banks are Chinese banks and the rest are subsidiaries of foreign banks," one of the sources told the agency.
[Jester] CIPS will use the same coding system as other international payment systems, which will make transactions more fluid and rapid. The super-network will consolidate and replace the existing multiple clearing houses that process yuan payments, and will rival majors like Visa and MasterCard.
[Jester] The move should help bump the yuan’s presence on the international stage, as the payment system will make it faster and easier to carry out cross-border transactions using the Chinese currency.
[Jester] THERE IS A LITTLE MORE BUT THAT IS WHAT YOU WERE ASKING ABOUT...
http://ift.tt/1GmHRQa
[PollyP] Jester, ahhhh, the work around,,,
[Dinar Chaser] Jester Thank you. They talk of being ready in Sept/Oct, but then speak of the first phase in Dec. Do you know what they are referring to as the first phase? Secondly, what will this do for Plan B and can it push it to the point of getting the US out of the way?
[Jester] Russia to launch alternative to SWIFT bank transaction system in spring 2015
[Jester] Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible ”challenges” from the West.
[Jester] "Given the challenges, Bank of Russia is creating its own system for transmitting financial messaging... It’s time to hurry up, so in the next few months we will have certain work done. The entire project for transmitting financial messages will be completed in May 2015," said Ramilya Kanafina, deputy head of the national payment system department at the Central Bank of Russia (CBR).
[Jester] Calls not to use the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system in Russian banks began to grow as relations between Russia and the West deteriorated over sanctions. So far, SWIFT says despite pressure from some Western countries to join the anti-Russian sanctions, it has no intention of doing so.
[Jester] Ramilya Kanafina says the system will meet all the market requirements due to its security. A center for processing messages in SWIFT format is in the process of development. It is expected that all messaging options will be operating by December 2014, she added.
[Jester] The National Payments Council, a non-profit partnership comprising members of the Russian national payment system, proposed establishing a Russian version of SWIFT 100 percent owned by Bank of Russia in September.
[Jester] SWIFT, is currently one of Russia’s main connections to the international banking system, and if turned off, could hurt the Russian economy, in the short-term. Globally it transmits orders for transactions worth more than $6 trillion, and involves more than 10,000 financial institutions in 210 countries. According to SWIFT’s statute, the system has national groups of members and users in each country. In Russia it’s ROSSWIFT - the second biggest worldwide SWIFT association after the US.
http://ift.tt/1xpNWIq
[Jester] THAT IS PRETTY INTERESTING THAT RUSSIA IS ALREADY THE 2ND LARGEST ASSOCIATE AND THEY ARE LOOKING TO REPLACE THE SYSTEM... HMMMM...
[Dinar Chaser] This Russian Swift is what I was referring to. Sounds like it is really moving along. Will the rest of the AIIB join Russia's version so they can get away from the U.S. and the Fed Res?
[Jester] IF YOU LOOK AT THE COMBINATION OF THOSE TWO ARTICLES IT REPLACES WHAT THE FED AND SWIFT IS DOING...
[LuckyB] i bet the fed is going throw convulsions
[ModelWoman] LuckyB Let's hope they roll over and DIE!
[Lurkey] Jester does this have anything to do with AIIB and your comment the other night? [Jester] BASICALLY THE AIIB IS GETTING READY TO DO THE DEED...WE HAVE A PRETTY GOOD IDEA OF WHAT THEY ARE DOING... AND THE TIME FRAME TOO.... WE THINK THIS IS WHAT IT IS ALL ABOUT...
[Jester] Lurkey NOT REALLY...
[ModelWoman] Jester So is this like saying the US has till September/October to get their you know what in gear?
[Jester] ModelWoman HARD TO SAY... I DO NOT THINK THEY WILL STOP IT NOW... BUT THAT IS MY OPINION...
[Jester] NO ONE TRUSTS THE US TO DO ANYTHING IT SAYS IT WILL DO...
[PollyP] Jester, including us!
[Jester] PollyP TRUE...
[Lurkey] Jester Were you referring to this:
[Lurkey] Jester--whoops AIIB's Articles of Agreement finalized, ready for signing by end June The AIIB will be operational by the end of the year, announced the bank. This comes after the conclusion of the 5th Chief Negotiators’ Meeting on Establishing the AIIB, which was held in Singapore from May 20 to 22.
http://ift.tt/1KcoR9c
[ModelWoman] Jester Understand that as far as the world goes......but that still gives the US that much time to change their mind and get on board?
[Jester] ModelWoman THEY WILL HAVE NO CHOICE... BUT THEY WILL NOT BE IN CHARGE... IT WILL BE AT THE WILL OF THE REST OF THE WORLD...
[Jester] YOU HAVE TO SEE THAT O IS ALL ABOUT DESTRUCTION... HE WILL LIKE TO DESTROY THE US BECAUSE HE HATES US... AND HE CERTAINLY WILL NOT LIKE YOU TO HAVE 2 CENTS TO RUB TOGETHER...
[Jester] THERE IS A LOT GOING ON RIGHT NOW IN THE BACKGROUND... MOST OF IT WITHOUT THE US INVOLVED BECAUSE THEY WERE STUPID...
[Jester] WELL PROBABLY NOT THAT STUPID... THEY DID IT ON PURPOSE IN MY OPINION....
[Dinar Chaser] Jester Doesn't China hold a pretty high level seat at the World Bank? If so, if the AIIB putting together a system to compete with the IDF and World Bank, wouldn't that put them in an awkward position?
[LuckyB] Jester one would think with the markers that china holds on the US the US would be more understanding , what would happen if China called in the Markers they hold on the US
[Jester] I THINK THAT THE AIIB WILL BE THE NEW FED... I BELIEVE THEY WILL SET THE CURRENCY RATES... THE COUNTRIES WILL HAIL TO THEM INSTEAD OF THE FED...
[Jester] AND I THINK THE COUNTRIES KNOW THAT... I THINK THAT IS WHY THEY JOINED... THEY KNOW WHAT IS TO HAPPEN....
[Jester] The launch is expected in September or October, depending on how tests go, a source told Reuters. Another person with direct knowledge of the matter said the goal is to start the first phase before December, Reuters reported.
[Jester] "The CIPS is ready now and China has selected 20 banks to do the testing, among which 13 banks are Chinese banks and the rest are subsidiaries of foreign banks," one of the sources told the agency.
[Jester] CIPS will use the same coding system as other international payment systems, which will make transactions more fluid and rapid. The super-network will consolidate and replace the existing multiple clearing houses that process yuan payments, and will rival majors like Visa and MasterCard.
[Jester] The move should help bump the yuan’s presence on the international stage, as the payment system will make it faster and easier to carry out cross-border transactions using the Chinese currency.
[Jester] THERE IS A LITTLE MORE BUT THAT IS WHAT YOU WERE ASKING ABOUT...
http://ift.tt/1GmHRQa
[PollyP] Jester, ahhhh, the work around,,,
[Dinar Chaser] Jester Thank you. They talk of being ready in Sept/Oct, but then speak of the first phase in Dec. Do you know what they are referring to as the first phase? Secondly, what will this do for Plan B and can it push it to the point of getting the US out of the way?
[Jester] Russia to launch alternative to SWIFT bank transaction system in spring 2015
[Jester] Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible ”challenges” from the West.
[Jester] "Given the challenges, Bank of Russia is creating its own system for transmitting financial messaging... It’s time to hurry up, so in the next few months we will have certain work done. The entire project for transmitting financial messages will be completed in May 2015," said Ramilya Kanafina, deputy head of the national payment system department at the Central Bank of Russia (CBR).
[Jester] Calls not to use the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system in Russian banks began to grow as relations between Russia and the West deteriorated over sanctions. So far, SWIFT says despite pressure from some Western countries to join the anti-Russian sanctions, it has no intention of doing so.
[Jester] Ramilya Kanafina says the system will meet all the market requirements due to its security. A center for processing messages in SWIFT format is in the process of development. It is expected that all messaging options will be operating by December 2014, she added.
[Jester] The National Payments Council, a non-profit partnership comprising members of the Russian national payment system, proposed establishing a Russian version of SWIFT 100 percent owned by Bank of Russia in September.
[Jester] SWIFT, is currently one of Russia’s main connections to the international banking system, and if turned off, could hurt the Russian economy, in the short-term. Globally it transmits orders for transactions worth more than $6 trillion, and involves more than 10,000 financial institutions in 210 countries. According to SWIFT’s statute, the system has national groups of members and users in each country. In Russia it’s ROSSWIFT - the second biggest worldwide SWIFT association after the US.
http://ift.tt/1xpNWIq
[Jester] THAT IS PRETTY INTERESTING THAT RUSSIA IS ALREADY THE 2ND LARGEST ASSOCIATE AND THEY ARE LOOKING TO REPLACE THE SYSTEM... HMMMM...
[Dinar Chaser] This Russian Swift is what I was referring to. Sounds like it is really moving along. Will the rest of the AIIB join Russia's version so they can get away from the U.S. and the Fed Res?
[Jester] IF YOU LOOK AT THE COMBINATION OF THOSE TWO ARTICLES IT REPLACES WHAT THE FED AND SWIFT IS DOING...
[LuckyB] i bet the fed is going throw convulsions
[ModelWoman] LuckyB Let's hope they roll over and DIE!
[Lurkey] Jester does this have anything to do with AIIB and your comment the other night? [Jester] BASICALLY THE AIIB IS GETTING READY TO DO THE DEED...WE HAVE A PRETTY GOOD IDEA OF WHAT THEY ARE DOING... AND THE TIME FRAME TOO.... WE THINK THIS IS WHAT IT IS ALL ABOUT...
[Jester] Lurkey NOT REALLY...
[ModelWoman] Jester So is this like saying the US has till September/October to get their you know what in gear?
[Jester] ModelWoman HARD TO SAY... I DO NOT THINK THEY WILL STOP IT NOW... BUT THAT IS MY OPINION...
[Jester] NO ONE TRUSTS THE US TO DO ANYTHING IT SAYS IT WILL DO...
[PollyP] Jester, including us!
[Jester] PollyP TRUE...
[Lurkey] Jester Were you referring to this:
[Lurkey] Jester--whoops AIIB's Articles of Agreement finalized, ready for signing by end June The AIIB will be operational by the end of the year, announced the bank. This comes after the conclusion of the 5th Chief Negotiators’ Meeting on Establishing the AIIB, which was held in Singapore from May 20 to 22.
http://ift.tt/1KcoR9c
[ModelWoman] Jester Understand that as far as the world goes......but that still gives the US that much time to change their mind and get on board?
[Jester] ModelWoman THEY WILL HAVE NO CHOICE... BUT THEY WILL NOT BE IN CHARGE... IT WILL BE AT THE WILL OF THE REST OF THE WORLD...
[Jester] YOU HAVE TO SEE THAT O IS ALL ABOUT DESTRUCTION... HE WILL LIKE TO DESTROY THE US BECAUSE HE HATES US... AND HE CERTAINLY WILL NOT LIKE YOU TO HAVE 2 CENTS TO RUB TOGETHER...
[Jester] THERE IS A LOT GOING ON RIGHT NOW IN THE BACKGROUND... MOST OF IT WITHOUT THE US INVOLVED BECAUSE THEY WERE STUPID...
[Jester] WELL PROBABLY NOT THAT STUPID... THEY DID IT ON PURPOSE IN MY OPINION....
[Dinar Chaser] Jester Doesn't China hold a pretty high level seat at the World Bank? If so, if the AIIB putting together a system to compete with the IDF and World Bank, wouldn't that put them in an awkward position?
[LuckyB] Jester one would think with the markers that china holds on the US the US would be more understanding , what would happen if China called in the Markers they hold on the US
[Jester] I THINK THAT THE AIIB WILL BE THE NEW FED... I BELIEVE THEY WILL SET THE CURRENCY RATES... THE COUNTRIES WILL HAIL TO THEM INSTEAD OF THE FED...
[Jester] AND I THINK THE COUNTRIES KNOW THAT... I THINK THAT IS WHY THEY JOINED... THEY KNOW WHAT IS TO HAPPEN....
[Redeye] Jester, well with that accomplished maybe the Congress can take the well-deserved vacation.
[Jester] Redeye THEY STILL HAVE TO VOTE ON THE FAST TRACK TRADE TREATIES... THAT WAS PASSED IN THE SENATE A FEW HOURS AGO...
[Jester] The US Senate passed a controversial “fast-track” trade bill in a 62-37 vote on Friday. It is a key part of President Barack Obama's pivot to Asia, which aims to counter China's rising economic and diplomatic power via the Trans-Pacific Partnership (TPP).
[Jester] The bill will now head to the House of Representatives for a vote early next month, where it is expected to face a tougher showdown.
[Jester] If passed by the House, the fast-track bill will give Obama the power to negotiate trade pacts with other countries and submit them to Congress without lawmakers being able to introduce amendments to them.
http://ift.tt/1EoK22R
[PollyP] Jester, the Republic obviously doesn't have much strength in the Senate at this time.
[Jester] I JUST HAVE A HARD TIME UNDERSTANDING WHY ANYONE THAT EVEN PRETENDS TO CARE ABOUT THEIR CONSTITUENTS WOULD CONSIDER PASSING SUCH A DAMAGING BILL....
[yes] Jester Maybe it has something to do with 1. corporations circumventing local/countries' laws and 2. the 6-year provision that gives future presidents the same fast-track authority being considered for O?
[Smoke] Well the media is also bought and paid for.
[Jester] WHEN THE DOLLAR CRASHES AND SHEEPLE FINALLY WAKE UP IT WILL BE TOO LATE....
[Smoke] PollyP, personally I blame the people of this country for getting complacent and letting these people take over. We should've been paying attention....... When we took our eyes off of God, God took his eyes off of US.......
[Jester] YOU GUYS TAKE IT EASY… SEE YOU TOMORROW… HAVE A HAPPY SATURDAY…
[Jester] NIGHT NIGHT…
[Jester] Redeye THEY STILL HAVE TO VOTE ON THE FAST TRACK TRADE TREATIES... THAT WAS PASSED IN THE SENATE A FEW HOURS AGO...
[Jester] The US Senate passed a controversial “fast-track” trade bill in a 62-37 vote on Friday. It is a key part of President Barack Obama's pivot to Asia, which aims to counter China's rising economic and diplomatic power via the Trans-Pacific Partnership (TPP).
[Jester] The bill will now head to the House of Representatives for a vote early next month, where it is expected to face a tougher showdown.
[Jester] If passed by the House, the fast-track bill will give Obama the power to negotiate trade pacts with other countries and submit them to Congress without lawmakers being able to introduce amendments to them.
http://ift.tt/1EoK22R
[PollyP] Jester, the Republic obviously doesn't have much strength in the Senate at this time.
[Jester] I JUST HAVE A HARD TIME UNDERSTANDING WHY ANYONE THAT EVEN PRETENDS TO CARE ABOUT THEIR CONSTITUENTS WOULD CONSIDER PASSING SUCH A DAMAGING BILL....
[yes] Jester Maybe it has something to do with 1. corporations circumventing local/countries' laws and 2. the 6-year provision that gives future presidents the same fast-track authority being considered for O?
[Smoke] Well the media is also bought and paid for.
[Jester] WHEN THE DOLLAR CRASHES AND SHEEPLE FINALLY WAKE UP IT WILL BE TOO LATE....
[Smoke] PollyP, personally I blame the people of this country for getting complacent and letting these people take over. We should've been paying attention....... When we took our eyes off of God, God took his eyes off of US.......
[Jester] YOU GUYS TAKE IT EASY… SEE YOU TOMORROW… HAVE A HAPPY SATURDAY…
[Jester] NIGHT NIGHT…
via Dinar Recaps - Our Blog http://ift.tt/1IRreRQ
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