Post From wealthwatch.world Chat Room Part 2 of 2 Early Wed Morning
sczin11: GOOOOOOD MORNING EVERYBODY
chattels: ‹@sczin11› SO, IS THE BUDGET NOW " IMPLEMENTED " ? WHATEVER THAT MEANS FOR US ?
chattels: WHAT DOES / MIGHT IT MEAN FOR US ?
sczin11: ‹@chattels› THIS IS A VERRRRY INT ?
sczin11: I WILL TELL YU Y, IMHO
sczin11: THEY HAVE FUNDED IN COUNTRY GOVT SALARIES IN PAST MONTHS
chattels: OR ARE WE LABORING OVER INSCRUTABLE SEMANTICAL ISSUES ?
sczin11: MY CONTENTION HAS BEEN, THERE IS AN INVESTMENT SIDE OF THE BUDGET
sczin11: MY THOUGHTS HAVE AND ARE, THAT TO FUND THE INVESTMENT SIDE,MWOULD REQUIRE A CHANGE IN VALUE, PLUS INTERNATIONAL ACCEPTANCE OF THE DINAR, AS THEY HAVE STATED THEY DO NOT WANT US DOLLARS TO BE CURRENCY OF CHOICE
~~~
sczin11: GOOOOOOD MORNING EVERYBODY
chattels: ‹@sczin11› SO, IS THE BUDGET NOW " IMPLEMENTED " ? WHATEVER THAT MEANS FOR US ?
chattels: WHAT DOES / MIGHT IT MEAN FOR US ?
sczin11: ‹@chattels› THIS IS A VERRRRY INT ?
sczin11: I WILL TELL YU Y, IMHO
sczin11: THEY HAVE FUNDED IN COUNTRY GOVT SALARIES IN PAST MONTHS
chattels: OR ARE WE LABORING OVER INSCRUTABLE SEMANTICAL ISSUES ?
sczin11: MY CONTENTION HAS BEEN, THERE IS AN INVESTMENT SIDE OF THE BUDGET
sczin11: MY THOUGHTS HAVE AND ARE, THAT TO FUND THE INVESTMENT SIDE,MWOULD REQUIRE A CHANGE IN VALUE, PLUS INTERNATIONAL ACCEPTANCE OF THE DINAR, AS THEY HAVE STATED THEY DO NOT WANT US DOLLARS TO BE CURRENCY OF CHOICE
~~~
sczin11: NOW WE SEE THIS RELEASE OF FUNDS BY THE CBI,
sczin11: WHAT EXACTLY IS IT FUNDING?
sczin11: IS IT BEING USED FOR INCOUNTRY CONTRACTS
sczin11: OR IS IT FOR OUTSIDE OF THE COUNTRY CONTRACTS
sczin11: IS IT FOR CONTRACTORS THAT HAVE BEEN THERE FOR YEARS, LIKE HALLIBURTON AND MANY OTHERS
sczin11: WHERE THEY ARE JUST GETTING THEM PAST DUE DOLLARS THAT THEY ARE OWED BY PREVIOUS CLAUSES IN THEIR MULTI STAGE CONTRACTS
sczin11: SO, AS CUSTOMARY, WE WAIT AND HOPEFULLY SEE MORE
sczin11: UNFORTUNATELY, WE RARELY SEE THE MORE, SO ARE NEVER VALIDATED WITH THE FACTS
sczin11: I THINK THE GOOD IS CBI IS FUNDING, AND SPEAKING OUT, AND WE SHOULD SEE SOME MORE ACTIONS...
chattels: ‹@sczin11› IF THE PAYMENT(S) ARE IN DINARS WHICH IT APPEARS THAT IT IS THEN IS IT LIKELY THAT THIS CURRENCY FLOW IS FOR INTERNATIONAL OBLIGATIONS ?
sczin11: ‹@chattels› WHY DO U SUGGEST THAT?
chattels: IF I WERE HALIBURTON AND CO I SUSPECT THAT I MAY WANT PAYMENT IN DOLLARS, BUT OF COURSE WE ARE NOT PRIVY TO THEIR CONTRACTS
chattels: MY COMMENT MAY " BEG THE QUESTION " OF ULTIMATE VALUE / WORTH OF THE DINAR FROM HALIBURTON AND CO'S PERSPECTIVE
sczin11: ‹@chattels› HALLIBURTON, AS AN EXAMPLE, HAD HAS SEVERAL PHASES IN THEIR ORIGINAL CONTRACT, WITH BAIL OUT CLAUSES AFTER EAC PHASE
sczin11: MY UNDERSTANDING IS THEY WERE DEFINITELY PAID IN US DOLLARS TO BEGIN WITH...
sczin11: THEIR EMPLOYEES WOULD HAVE LOST TOO MUCH IN THE EXCHANGE WIRING SENDING HOME TO FAMILY PROCESS
sczin11: THEY CERTAINLY WERENT WORKING THERE ON A GAMBLE
chattels: ‹@sczin11› THANKS, WE WAIT FOR CLARITY AND / OR VALUE, EH ?
chattels: TIME FOR WORK - LATERZ ALL
sczin11: ‹@chattels› I suspect what was paid today, was probably in country payments to local contracts, if it was in dinar... THEY ARE NOT LOOKING TO FLOOD THE OUTSIDE COUNTRY COS W DINAR...TOTALLY AGAINST THEIR GOAL AT THIS TIME
sczin11: ‹@chattels› HAVE A GOOD ONE
chattels: ‹@sczin11› " I suspect what was paid today, was probably in country payments to local contracts ......... " - AGREED :)
chattels: IT IS NOT " NEW " OR VENTURE CAPITAL, BUT ACCUMULATED AND PAST DUE OBLIGATION(S)
sczin11: ‹@chattels› EXACTLY
01/07/2015 19:34 Parliament lifted its first session to tomorrow
sczin11: translate.googleuserconte...
http://ift.tt/1RSeEl2
chattels: ‹@sczin11› PARLIAMENT IS " EN FUEGO " AGAIN :)
vtech: It still amazes me how people think there gonna get the market value of their dinar or any currency ....YOU WILL NEVER EVER EVER GET MAKE RATE...call ANY BANK OR CURRENCY EXCHANGE PLACE tell them you got 50 million dong and ask them what they will exchange it for...it will not be very close to market price
chattels: ‹@vtech› THE BANK " SPREAD " ON EXOTIC CURRENCIES IS ABOUT 25 % AT TD BANK THE LAST TIME I INQUIRED
vtech: it just went up more in May
vtech: Banks here are gonna be drooling here when this goes down to exchange
tourman: ‹@vtech› I'm drooling to unload it!!!
sczin11: ‹@tourman› WAY WAY TMI, LOL GM
tourman: ‹@sczin11› :w00t:
tourman: are not these "spreads" negotiable at the banks?
vtech: in the beginning not really even if you got a lot don't belive posts banks yes want your business but banks also have to very little margin with their exchange
sczin11: MOST BANK FEES ARE NEG, WE WONT KNOW AB THESE UNTIL THE TIME ARRIVES
vtech: but banks don't make very much as some state
tourman: ‹@vtech› one or two percent is a big deal when dealing with us chumps with less than a mil.
vtech: true but we all know unless ypu got over 10 or 20 million dinar there gonna all be about the same
tourman: ‹@vtech› ‹@sczin11› tru
SWSD: It might behoove someone to check a dealer rate against a bank.
vtech: there margins on international have gotten really tight over last 3 years since new international banking law
tourman: ‹@SWSD› i bought some of those behooves last week.
SWSD: howd they feel? lol
vtech: remember you can't have overseas accounts anymore
tourman: little slippery on the tile floor :w00t:
SWSD: i hear ya
vtech: so they got us
tourman: ‹@vtech› ya, lots of cracking down on that stuff
SWSD: and remember, you can use the 'dealer' as leverage for spread/rate/fees at the bank when negotiating
SWSD: last i remembered, one of the dealers said that they would honor the market rate?
tourman: definitely leverage the banks against each other
SWSD: that too
vtech: there is not gonna be a big margin like people state cause you gotta stay in country now
sczin11: WHAT EXACTLY IS IT FUNDING?
sczin11: IS IT BEING USED FOR INCOUNTRY CONTRACTS
sczin11: OR IS IT FOR OUTSIDE OF THE COUNTRY CONTRACTS
sczin11: IS IT FOR CONTRACTORS THAT HAVE BEEN THERE FOR YEARS, LIKE HALLIBURTON AND MANY OTHERS
sczin11: WHERE THEY ARE JUST GETTING THEM PAST DUE DOLLARS THAT THEY ARE OWED BY PREVIOUS CLAUSES IN THEIR MULTI STAGE CONTRACTS
sczin11: SO, AS CUSTOMARY, WE WAIT AND HOPEFULLY SEE MORE
sczin11: UNFORTUNATELY, WE RARELY SEE THE MORE, SO ARE NEVER VALIDATED WITH THE FACTS
sczin11: I THINK THE GOOD IS CBI IS FUNDING, AND SPEAKING OUT, AND WE SHOULD SEE SOME MORE ACTIONS...
chattels: ‹@sczin11› IF THE PAYMENT(S) ARE IN DINARS WHICH IT APPEARS THAT IT IS THEN IS IT LIKELY THAT THIS CURRENCY FLOW IS FOR INTERNATIONAL OBLIGATIONS ?
sczin11: ‹@chattels› WHY DO U SUGGEST THAT?
chattels: IF I WERE HALIBURTON AND CO I SUSPECT THAT I MAY WANT PAYMENT IN DOLLARS, BUT OF COURSE WE ARE NOT PRIVY TO THEIR CONTRACTS
chattels: MY COMMENT MAY " BEG THE QUESTION " OF ULTIMATE VALUE / WORTH OF THE DINAR FROM HALIBURTON AND CO'S PERSPECTIVE
sczin11: ‹@chattels› HALLIBURTON, AS AN EXAMPLE, HAD HAS SEVERAL PHASES IN THEIR ORIGINAL CONTRACT, WITH BAIL OUT CLAUSES AFTER EAC PHASE
sczin11: MY UNDERSTANDING IS THEY WERE DEFINITELY PAID IN US DOLLARS TO BEGIN WITH...
sczin11: THEIR EMPLOYEES WOULD HAVE LOST TOO MUCH IN THE EXCHANGE WIRING SENDING HOME TO FAMILY PROCESS
sczin11: THEY CERTAINLY WERENT WORKING THERE ON A GAMBLE
chattels: ‹@sczin11› THANKS, WE WAIT FOR CLARITY AND / OR VALUE, EH ?
chattels: TIME FOR WORK - LATERZ ALL
sczin11: ‹@chattels› I suspect what was paid today, was probably in country payments to local contracts, if it was in dinar... THEY ARE NOT LOOKING TO FLOOD THE OUTSIDE COUNTRY COS W DINAR...TOTALLY AGAINST THEIR GOAL AT THIS TIME
sczin11: ‹@chattels› HAVE A GOOD ONE
chattels: ‹@sczin11› " I suspect what was paid today, was probably in country payments to local contracts ......... " - AGREED :)
chattels: IT IS NOT " NEW " OR VENTURE CAPITAL, BUT ACCUMULATED AND PAST DUE OBLIGATION(S)
sczin11: ‹@chattels› EXACTLY
01/07/2015 19:34 Parliament lifted its first session to tomorrow
sczin11: translate.googleuserconte...
http://ift.tt/1RSeEl2
chattels: ‹@sczin11› PARLIAMENT IS " EN FUEGO " AGAIN :)
vtech: It still amazes me how people think there gonna get the market value of their dinar or any currency ....YOU WILL NEVER EVER EVER GET MAKE RATE...call ANY BANK OR CURRENCY EXCHANGE PLACE tell them you got 50 million dong and ask them what they will exchange it for...it will not be very close to market price
chattels: ‹@vtech› THE BANK " SPREAD " ON EXOTIC CURRENCIES IS ABOUT 25 % AT TD BANK THE LAST TIME I INQUIRED
vtech: it just went up more in May
vtech: Banks here are gonna be drooling here when this goes down to exchange
tourman: ‹@vtech› I'm drooling to unload it!!!
sczin11: ‹@tourman› WAY WAY TMI, LOL GM
tourman: ‹@sczin11› :w00t:
tourman: are not these "spreads" negotiable at the banks?
vtech: in the beginning not really even if you got a lot don't belive posts banks yes want your business but banks also have to very little margin with their exchange
sczin11: MOST BANK FEES ARE NEG, WE WONT KNOW AB THESE UNTIL THE TIME ARRIVES
vtech: but banks don't make very much as some state
tourman: ‹@vtech› one or two percent is a big deal when dealing with us chumps with less than a mil.
vtech: true but we all know unless ypu got over 10 or 20 million dinar there gonna all be about the same
tourman: ‹@vtech› ‹@sczin11› tru
SWSD: It might behoove someone to check a dealer rate against a bank.
vtech: there margins on international have gotten really tight over last 3 years since new international banking law
tourman: ‹@SWSD› i bought some of those behooves last week.
SWSD: howd they feel? lol
vtech: remember you can't have overseas accounts anymore
tourman: little slippery on the tile floor :w00t:
SWSD: i hear ya
vtech: so they got us
tourman: ‹@vtech› ya, lots of cracking down on that stuff
SWSD: and remember, you can use the 'dealer' as leverage for spread/rate/fees at the bank when negotiating
SWSD: last i remembered, one of the dealers said that they would honor the market rate?
tourman: definitely leverage the banks against each other
SWSD: that too
vtech: there is not gonna be a big margin like people state cause you gotta stay in country now
tourman: until we know what we got for rate,, speculation runs wild and so does my imagination. :w00t: :cwy:
SWSD: we got a rate....it is 1166 per mil lol
vtech: Yes that's FOR SURE
SWSD: 1166 per dollar i mean
tourman: also will it be free float or managed? We have heard all kinds of theories on that subject too
tourman: also will it be free float or managed? We have heard all kinds of theories on that subject too
Donnie: letting ur imagination run wild can be fun as long as you remember "it's just ur imagination" and not real - yet :)
tourman: ‹@Donnie› ‹@Donnie› ‹@Donnie› :blush: :dizzy: :shocked:
SWSD: that is how alot of the hype gets started...and it's usually by members of forums talking about things such as we are here
tourman: ‹@SWSD› i dont speculate any more in public... too risky for rebellion in these rooms.
SWSD: yep
Donnie: u'll never stop ppl from taking things out of context. - just make sure U know what is going on
tourman: JUST THE FACTS MA'AM!!
vtech: call any airport currency place say you got 50 million dong and ask what they pay you for it then call your bank THEN look up day rate you will be floored
SWSD: what i know is going on....is no one knows what is going on lol lol
tourman: ‹@SWSD› lol
SWSD: ESPECIALLY people who like to say they told you so lol lol
DOUBLE B: ‹@vtech› what is the rate
vtech: rate for what
DOUBLE B: your post above about the Dong
DOUBLE B: vtech: call any airport currency place say you got 50 million dong and ask what they pay you for it then call your bank THEN look up day rate you will be floored
vtech: call and ask
vtech: I called yesterday cause I have 48 million they said 1825 with no fees look up on travelex and it's 2670 they don't do market rate ever
DOUBLE B: and why would anybody go to the airport, when you can go to Wells Fargo ?
vtech: Ok and then called the bank after and they said 1855
DOUBLE B: 1855 ?
vtech: dong value
DOUBLE B: $18.55 ? per million ?
vtech: 48 million dong exchanging for us dollars
vtech: call your self
vtech: 1,855.00
DOUBLE B: Oanda says 45.7980 per million, they are usually close to Wells Fargo
jarhead: ? is how much do they charge lol
vtech: just called wells Fargo here they said 40.65 per million
MichelleL: oh well, i tune back in just in time to see I lost half the money or more that I spent on the dong - you guys are a regular barrel of sunshine :) Good morning SWSD, tourman, vtech
SWSD: we got a rate....it is 1166 per mil lol
vtech: Yes that's FOR SURE
SWSD: 1166 per dollar i mean
tourman: also will it be free float or managed? We have heard all kinds of theories on that subject too
tourman: also will it be free float or managed? We have heard all kinds of theories on that subject too
Donnie: letting ur imagination run wild can be fun as long as you remember "it's just ur imagination" and not real - yet :)
tourman: ‹@Donnie› ‹@Donnie› ‹@Donnie› :blush: :dizzy: :shocked:
SWSD: that is how alot of the hype gets started...and it's usually by members of forums talking about things such as we are here
tourman: ‹@SWSD› i dont speculate any more in public... too risky for rebellion in these rooms.
SWSD: yep
Donnie: u'll never stop ppl from taking things out of context. - just make sure U know what is going on
tourman: JUST THE FACTS MA'AM!!
vtech: call any airport currency place say you got 50 million dong and ask what they pay you for it then call your bank THEN look up day rate you will be floored
SWSD: what i know is going on....is no one knows what is going on lol lol
tourman: ‹@SWSD› lol
SWSD: ESPECIALLY people who like to say they told you so lol lol
DOUBLE B: ‹@vtech› what is the rate
vtech: rate for what
DOUBLE B: your post above about the Dong
DOUBLE B: vtech: call any airport currency place say you got 50 million dong and ask what they pay you for it then call your bank THEN look up day rate you will be floored
vtech: call and ask
vtech: I called yesterday cause I have 48 million they said 1825 with no fees look up on travelex and it's 2670 they don't do market rate ever
DOUBLE B: and why would anybody go to the airport, when you can go to Wells Fargo ?
vtech: Ok and then called the bank after and they said 1855
DOUBLE B: 1855 ?
vtech: dong value
DOUBLE B: $18.55 ? per million ?
vtech: 48 million dong exchanging for us dollars
vtech: call your self
vtech: 1,855.00
DOUBLE B: Oanda says 45.7980 per million, they are usually close to Wells Fargo
jarhead: ? is how much do they charge lol
vtech: just called wells Fargo here they said 40.65 per million
MichelleL: oh well, i tune back in just in time to see I lost half the money or more that I spent on the dong - you guys are a regular barrel of sunshine :) Good morning SWSD, tourman, vtech
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