TNT:
JimBake: (Reposted) This message is for ALL who have chosen to hitch their wagon to this "crazy" ride we refer to as the RV/GCR.
Yes, all you nutty dreamers and hopefuls... I am talking to YOU!
You know, the one's who have steadfastly held onto a certain vision for their lives...the one's who have faithfully, and maybe even "irrationally exuberantly", clung to a belief that something like this is even possible to be seen in this world.
The one's who prefer to live in a world where "Unicorns" and "fairy tales" are actually real!
The one's who have made themselves vulnerable...who have pinned theirs hopes and dreams for a better life on this process coming to fruition.
....
JimBake: (Reposted) This message is for ALL who have chosen to hitch their wagon to this "crazy" ride we refer to as the RV/GCR.
Yes, all you nutty dreamers and hopefuls... I am talking to YOU!
You know, the one's who have steadfastly held onto a certain vision for their lives...the one's who have faithfully, and maybe even "irrationally exuberantly", clung to a belief that something like this is even possible to be seen in this world.
The one's who prefer to live in a world where "Unicorns" and "fairy tales" are actually real!
The one's who have made themselves vulnerable...who have pinned theirs hopes and dreams for a better life on this process coming to fruition.
....
Who have lived for weeks, months, and years in a condition of "it's imminent...only to see disappointment after disappointment and letdown after letdown, week after week after month after year, and who CONTINUE to forge ahead with hope in their "heart of hearts"!
Who look forward with exciting anticipation to every TNT call, blast, update, tweet, encouraging chat rumour, hopium injection, etc. knowing that at anytime, it could be "the one".
The one's who have come to see they are part of something bigger than each of us...who have realized we are all in this together and we are actually part of an amazing family where a whole new kind of friendship and Love is possible.
Are you kidding me!?!? It's absolutely CRAZY I tell ya!
But, it's the kind of crazy that I choose to love and live...my heart won't allow me to any longer live in the other "sane" world...It want's THIS world!
And, if that has consequences, which it will, so be it. I KNOW everything will work out fine and that here is NOTHING to fear.
So, to ALL of you out there, I salute you from my deepest Heart of Hearts and...
...I can't wait to hear the next TNT call with our beloved Tony, DC, Pam, and Ray and yes...I hope it's THE last call!
And then I will cry...with sadness and joy at the same time.
Now that's the world I CHOOSE to live in!
Blessings to All :)
**************************
Dinar Updates:
Millionday (reposted) Article quote: "...Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars."
CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE -- ADD IN A 500 DINAR NOTE. THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS.
THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED.
WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR -- A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR...
THEY DID NOT GIVE A DATE --- HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
Millionday: T"HIS IS VERY EXCITING TO SAY THE LEAST A HUGE WHOOOPOW!
EVERYONE SHOULD HAVE A LIST PREPARED AS A CHECK LIST IN CASE ANYTHING HAPPENS IN YOUR LIFE THAT REQUIRES CIRCUMSTANCES THAT ARE UNUSUAL TO YOUR NORMAL LIFE EXPERIENCES"
**********
firefly IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)...The CBI will do what needs to be done!
Who look forward with exciting anticipation to every TNT call, blast, update, tweet, encouraging chat rumour, hopium injection, etc. knowing that at anytime, it could be "the one".
The one's who have come to see they are part of something bigger than each of us...who have realized we are all in this together and we are actually part of an amazing family where a whole new kind of friendship and Love is possible.
Are you kidding me!?!? It's absolutely CRAZY I tell ya!
But, it's the kind of crazy that I choose to love and live...my heart won't allow me to any longer live in the other "sane" world...It want's THIS world!
And, if that has consequences, which it will, so be it. I KNOW everything will work out fine and that here is NOTHING to fear.
So, to ALL of you out there, I salute you from my deepest Heart of Hearts and...
...I can't wait to hear the next TNT call with our beloved Tony, DC, Pam, and Ray and yes...I hope it's THE last call!
And then I will cry...with sadness and joy at the same time.
Now that's the world I CHOOSE to live in!
Blessings to All :)
**************************
Dinar Updates:
Millionday (reposted) Article quote: "...Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars."
CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE -- ADD IN A 500 DINAR NOTE. THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS.
THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED.
WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR -- A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR...
THEY DID NOT GIVE A DATE --- HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
Millionday: T"HIS IS VERY EXCITING TO SAY THE LEAST A HUGE WHOOOPOW!
EVERYONE SHOULD HAVE A LIST PREPARED AS A CHECK LIST IN CASE ANYTHING HAPPENS IN YOUR LIFE THAT REQUIRES CIRCUMSTANCES THAT ARE UNUSUAL TO YOUR NORMAL LIFE EXPERIENCES"
**********
firefly IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)...The CBI will do what needs to be done!
Stage3Alpha:
EXOGEN: IMF policymakers are expected to add the Chinese currency to the Special Drawing Rights basket later this month
Exclusive: China's yuan may enter IMF basket with lower share – sources
Reuters/Jason Lee
China's yuan may enter the International Monetary Fund's benchmark currency basket at a lower weighting than previously estimated as the IMF considers rejigging the basket to better reflect financial flows, people briefed on the Fund's discussions told Reuters.
IMF policymakers are expected to add the Chinese currency to the Special Drawing Rights basket later this month, after a campaign by Beijing for the yuan, or renminbi, to have equal billing with the dollar, euro, pound sterling and yen.
Adding the yuan to the SDR basket would mark the biggest change since 1980, when the number of currencies in the basket was cut from 16.
Two people familiar with IMF deliberations said policymakers were considering changing the way the weights of currencies in the basket are calculated to make export volumes less important and financial flows more important.
China, the world's largest exporter, lags other countries in financial transactions and such a change would give China's yuan, also known as the renminbi, a lower share in the basket than under the current formula.
The yuan's inclusion is largely seen as a recognition of China's political and economic heft and as setting the seal of approval on its economic reforms and would likely not have a major impact on financial markets.
IMF staff calculated in July the yuan could have a weighting of about 14 to 16 percent and HSBC estimated it would have about 14 percent under the current formula.
One person briefed on the IMF discussions said those estimates were "too high" and a second person, an official of a major Asian country who saw a report from IMF staff to the executive board, suggested the weighting may be closer to 10 percent. "It's barely a two-digit rate, just the minimum (rate to be a double-digit one)," the official said.
The IMF's executive board, which represents the Fund's 188 members, will decide on the composition of the SDR basket on Nov. 30 but is likely to back a thumbs-up for the yuan from IMF staff and managing director Christine Lagarde. The board will also discuss changes to the weightings.
"We have to find a way to reflect financial transactions as independent from the trade of goods and services," the first person said. "We will discuss several possibilities."
The IMF declined to comment.
FORMULA FLAWED
The SDR basket determines the mix of currencies that countries like Greece can receive as IMF disbursements and economists expect that inclusion will boost demand for the yuan.
Last set in 2010, the basket is currently 41.9 percent dollar, 37.4 percent euro, 11.3 percent sterling and 9.4 percent yen.
IMF staff said in July there were "significant shortcomings" with the current SDR methodology, which dates to 1978, including that it did not take the large increase in financial flows into account.
ING economists reworked the formula to include measures of financial flows in July and came up with a yuan share of 9.2 percent, noting that a smaller share would be less disruptive to markets.
"It's a win-win, the CNY gets added to the basket but at a more measured pace," ING foreign exchange strategist Viraj Patel said.
The ING calculations put the yuan ahead of sterling's 7.9 percent and the yen's 7.0 percent. The euro's share would fall to 32.0 percent under the revised formula and the dollar's would rise to 43.9 percent.
Capital Economics economist Andrew Kenningham said the methodology change would impact the yuan the most, while the other countries would maintain similar ratios.
"The renminbi is completely different because despite its inclusion in the SDR, it's not really a fully convertible currency and has very thin, much less liquid markets," he said.
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EXOGEN: IMF policymakers are expected to add the Chinese currency to the Special Drawing Rights basket later this month
Exclusive: China's yuan may enter IMF basket with lower share – sources
Reuters/Jason Lee
China's yuan may enter the International Monetary Fund's benchmark currency basket at a lower weighting than previously estimated as the IMF considers rejigging the basket to better reflect financial flows, people briefed on the Fund's discussions told Reuters.
IMF policymakers are expected to add the Chinese currency to the Special Drawing Rights basket later this month, after a campaign by Beijing for the yuan, or renminbi, to have equal billing with the dollar, euro, pound sterling and yen.
Adding the yuan to the SDR basket would mark the biggest change since 1980, when the number of currencies in the basket was cut from 16.
Two people familiar with IMF deliberations said policymakers were considering changing the way the weights of currencies in the basket are calculated to make export volumes less important and financial flows more important.
China, the world's largest exporter, lags other countries in financial transactions and such a change would give China's yuan, also known as the renminbi, a lower share in the basket than under the current formula.
The yuan's inclusion is largely seen as a recognition of China's political and economic heft and as setting the seal of approval on its economic reforms and would likely not have a major impact on financial markets.
IMF staff calculated in July the yuan could have a weighting of about 14 to 16 percent and HSBC estimated it would have about 14 percent under the current formula.
One person briefed on the IMF discussions said those estimates were "too high" and a second person, an official of a major Asian country who saw a report from IMF staff to the executive board, suggested the weighting may be closer to 10 percent. "It's barely a two-digit rate, just the minimum (rate to be a double-digit one)," the official said.
The IMF's executive board, which represents the Fund's 188 members, will decide on the composition of the SDR basket on Nov. 30 but is likely to back a thumbs-up for the yuan from IMF staff and managing director Christine Lagarde. The board will also discuss changes to the weightings.
"We have to find a way to reflect financial transactions as independent from the trade of goods and services," the first person said. "We will discuss several possibilities."
The IMF declined to comment.
FORMULA FLAWED
The SDR basket determines the mix of currencies that countries like Greece can receive as IMF disbursements and economists expect that inclusion will boost demand for the yuan.
Last set in 2010, the basket is currently 41.9 percent dollar, 37.4 percent euro, 11.3 percent sterling and 9.4 percent yen.
IMF staff said in July there were "significant shortcomings" with the current SDR methodology, which dates to 1978, including that it did not take the large increase in financial flows into account.
ING economists reworked the formula to include measures of financial flows in July and came up with a yuan share of 9.2 percent, noting that a smaller share would be less disruptive to markets.
"It's a win-win, the CNY gets added to the basket but at a more measured pace," ING foreign exchange strategist Viraj Patel said.
The ING calculations put the yuan ahead of sterling's 7.9 percent and the yen's 7.0 percent. The euro's share would fall to 32.0 percent under the revised formula and the dollar's would rise to 43.9 percent.
Capital Economics economist Andrew Kenningham said the methodology change would impact the yuan the most, while the other countries would maintain similar ratios.
"The renminbi is completely different because despite its inclusion in the SDR, it's not really a fully convertible currency and has very thin, much less liquid markets," he said.
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