Jester’s Place Chat for 10-04-16
[JESTER] HI AND HAPPY TUESDAY EVERYONE...
[Peterbiltman] Patience thanks for putting all those posts in the forum
[Angel4444] JESTER Great posts!! Thank you!!
[chuck60] JESTER Good stuff on your Facebook page. I had read most of it before, but it was enlightening to read the chronological order of the articles and your narrative. Thanks!
[Hannah] JESTER Thanks for all your posts today. I've shared them and had one person stop by to talk about them. Appreciate all your efforts.
[caro] JESTER great facebook posts, thank you
[JESTER] Angel4444 chuck60 Hannah caro THANKS... JUST TRYING TO GET IT WHERE EVERYONE CAN FIGURE OUT WHAT HAPPENED...
[JESTER] NO ONE ELSE IS PUTTING IT TOGETHER RIGHT SO I HAVE TO DO IT... LOL
[JESTER] WE GOT A WAYS TO GO...
[chuck60] JESTER ;)
[diditrvyeet] JESTER it's a good read and I am looking forward to the next episodes lol
[MotoXR] JESTER And thanks to our politicians "our steak tour has turned into a Spam tour lol
[ModelWoman] JESTER A ways to go.....Months? Years?
[JESTER] I MIGHT DROP IT ALL IN HERE FOR THE FORUM AND RECAPS SHORTLY AND THEN PUT THE REST IN TOO....
[Hannah] JESTER I pays to be a roomie :)
[diditrvyeet] MotoXR and most won’t even get that
[MotoXR] diditrvyeet I know, and that’s even sadder
[Angel4444] Jester That would be nice. It's so good to have a way to make sense of what's going on out there in such a rapidly changing world...
[MotoXR] JESTER When you say "WE GOT A WAYS TO GO" is that referring to the plan or us?
[JESTER] MotoXR I WAS TALKING ABOUT THE FACEBOOK POSTS... PLEASE KEEP YOUR EYE ON THE BALL....
[MotoXR] JESTER ok got it TY
[Truth] JESTER thanks for those
[JESTER] SOOOO... LET'S RECAP FOR RECAPS... THEN I WILL FINISH THE THOUGHT... AND FOLLOW UP WITH THE THEORIES LATER...
YOU GOT TIME FOR THAT SINCE YOU ARE NOT DOING ANYTHING ANYWAY?
[JESTER] THIS WILL BE A QUICK RUNDOWN OF THE ARTICLE SO FAR ON THE FB PAGE... PLEASE QUEUE UP THE ADDRESS FOR EVERYONE PATIENCE FOR THOSE THAT DO NOT KNOW WHERE IT IS...
[JESTER] THIS IS LONGER THAN I THOUGHT IT WAS... HOPE WE HAVE TIME.... LOL
[Patience] https://www.facebook.com ••• ester.tn FOLLOW JESTER ON FACEBOOK
[JESTER] IF YOU LOOKED AT THE PAGE THEN THIS WILL BE A REPEAT... TOO BAD... LOL
[Angel4444] Jester no just a refresher... lol
[JESTER] THERE IS GOING TO BE A SERIES OF ARTICLES THAT FOLLOW... THE COLLABORATION OF RESEARCH BY REDWOLF AND MYSELF.... WHICH IS ACTUALLY THE PREDECESSOR OF THE THEORETICAL SCENARIO I WILL PRESENT SHORTLY THEREAFTER...
THIS SHOULD BE FUN!... SO PAY ATTENTION... THIS IS THE REALLY GOOD STUFF IF YOU LIKE TO FIGURE OUT WHAT IS REALLY GOING ON...
[JESTER] WHAT HAS GONE DOWN AND THE PROGRESSION OF THE YUAN TO ITS PRESENT POSITION...
[JESTER] 1A WHAT IF THE STORY REALLY BEGAN TWO YEARS AGO LIKE I TOLD YOU... BUT WE MISSED THE ANNOUNCEMENT BECAUSE WE DIDN'T KNOW WHAT WE WERE LOOKING FOR?
[JESTER] Preparing for Executive Order NCO1 Will Executive Order NCO1 Destroy the U.S. Dollar?
[JESTER] There is more and more discussion about the possibility of the U.S. dollar losing its status as the reserve currency of the world.
[JESTER] At the very least, it could become a secondary reserve currency at this point.
[JESTER] READ ON AT... http://www.wealthdaily.c ••• co1/5324
[JESTER] AND BEFORE ANYONE WEIRDS OUT... YES I KNOW THESE ARTICLES ARE OLD... IT IS PART OF THE PRESENTATION THAT YOU NEED TO UNDERSTAND...
[JESTER] 1B FOUR DAYS LATER... AND HE IS GETTING IT... AND NOW SO ARE WE... IT HAPPENED... THE REALITY IS WE WERE NOT LOOKING THIS DIRECTION...
PART OF PLAN B... TAKE THE DOLLAR DOWN... THINGS CHANGED... THAT IS ANOTHER STORY FOR LATER IN THIS TIMELINE... FOLLOW ALONG...
[JESTER] Russia Welcomes Executive Order NCO1 Russia Has Attacked!
[JESTER] I continue to believe the U.S. dollar is slowly losing its status as the world’s reserve currency — and now there are further steps in that direction.
[JESTER] U.S. Politicians Shoot Themselves in the Collective Foot
[JESTER] GO FIGURE... LOL
[JESTER] It is being said that Russia has decided to begin avoiding payments in U.S. dollars so that the transactions cannot be easily tracked and controlled by the U.S. government — in other words, because of the sanctions that have been placed against Russia.
[JESTER] The U.S. government helped overthrow the president in Ukraine, a move that led to chaos and a vote in Crimea to separate and join Russia. While U.S. politicians made it sound as though Putin invaded Ukraine and took over Crimea, it was really just a matter of Putin accepting Crimea into Russia. The people there overwhelmingly wanted to be a part of Russia.
[JESTER] SO MUCH FOR THAT... READ ON... http://www.wealthdaily.c ••• co1/5329
[JESTER] 1C FAST FORWARD A LITTLE... ABOUT A YEAR AGO... A WORK IN PROGRESS... WHY IS NCO1 IMPORTANT... AND YUAN EXCHANGES...
PAY ATTENTION TO THE EXPECTED RESULTS.... WHICH ARE NOW ON THE WAY... AS PREDICTED... READ ON...
[JESTER] The Big Fat Yuan
[JESTER] Most people in the USA and the world for that matter do not understand the world currency market, nor do they care. We move along with our life, bitch about the price of gas and the ever increasing price of goods and services due to inflation. Life is good and we dabble a little here and there in investments in the stock markets and occasionally glance at our 401k.
[JESTER] MOST SHEEPLE HAVE NO CLUE WHATSOEVER....
[JESTER] 1. China has established Yuan Exchanges World Wide
[JESTER] 2. Countries are bypassing the US Dollar by using these Yuan Exchanges like Russia. Even Canada is bypassing the US dollar which is why their currency is worth more than ours now.
[JESTER] 3. China has a massive Gold reserve.
[JESTER] 4. China’s Executive Order NCO1 – also known as the New Currency Order
[JESTER] OK, I get the first 2 on the list, China is bypassing the US dollar and we are losing billions a year in exchange rates, but what do I care about #3 (Gold) or #4 (NCO1)?
[JESTER] #3 – We all know that our currency (US Dollar) was once backed by gold and that Nixon took us off the Gold Standard. Most people don’t remember though that FDR (Franklin Roosevelt) also took us off the Gold Standard.
[JESTER] #4 – China’s Executive Order NCO1 China is already bypassing the US Dollar with the Yuan Exchanges. The extent of which threatens the US Dollar as the primary reserve currency. It is predicted that if the Yuan becomes the primary reserve currency (over 50%) and replaces the US Dollar, your savings, stocks and bonds will be dramatically devalued against the Yuan the new primary reserve currency because the US Dollar will no longer be needed for trade and the Petro Dollar which I have discussed before, will cease to exist.
[JESTER] ANYWAY... MORE DETAIL OF THAT AT http://dickrundell.com/t ••• at-yuan/
[JESTER] 2 AS YOU KNOW IF YOU HAVE BEEN FOLLOWING ALONG... THIS HAS ALREADY HAPPENED... WE ARE SPINNING A TALE HERE...
SOME PART OF WHAT HAS GONE DOWN ALREADY... BUT NO ONE SAW IT... NO ONE WAS PAYING ATTENTION... PROBABLY NO ONE CARED... IT IS WHAT IT IS...
[JESTER] NOW... THE PROPHETIC STATEMENT IS... "Whether, if not when the Chinese yuan can join the virtual currency that defines the value of the IMF's reserves has been a global focus in recent years."
[JESTER] DID YOU NOTICE THE DEFINITION? THIS WILL COME UP LATER.... VIRTUAL CURRENCY... INTERESTING YES?
[JESTER] IMF to review adding yuan to SDR basket in 2015
[JESTER] Christine Lagarde, managing director of the International Monetary Fund, has endorsed China's efforts in the internationalization of the Chinese yuan. She says the IMF will review within the year, whether the Chinese currency is fit to be included in the basket that makes up the organization's Special Drawing Rights, or SDR.
Whether, if not when the Chinese yuan can join the virtual currency that defines the value of the IMF's reserves has been a global focus in recent years. That's as the renminbi becomes the world's fifth most-used trade currency.
[JESTER] THERE YA GO... MORE AT http://www.china.org.cn/ ••• 6202.htm
[JESTER] 3 A LITTLE BIT LATER... IT SEEMED LIKE IT WAS NO BIG SURPRISE... AT LEAST TO SOME.. ESPECIALLY CHINA... AND NO ONE WAS WEIRDED OUT....
SO DOES THAT EXPLAIN WHY IT IS MY OPINION THAT THERE WAS A DEAL DONE AND A DISTINCT PLAN OF ACTION ON PLAN C THAT WAS FORTHCOMING AT THE TIME?
[JESTER] Chinese Reaction to the IMF Announcement to Delay SDR Basket Review
[JESTER] The statement from the IMF that they have decided to "extend the current SDR basket by nine months until September 30, 2016" has created quite a stir. The initial reaction by many was to assume this meant that the IMF was going to delay making a decision on whether or not to include the yaun/renminbi in the basket until Sept 2016.
[JESTER] A more parsed reading of the statement however led others to point out that the IMF did not say they have moved back the decision date for a new basket. Instead the statement just said that the current basket would be kept in tact until Sept 2016 and noted that "the proposed extension . . . would not in any way prejudge the timing of conclusion or outcome of the review."
[JESTER] HMMM... HAD WE READ IT MORE CAREFULLY AT THE TIME WE MIGHT HAVE GOT IT AND NOT BEEN SURPRISED THE VERY NEXT MONTH...
[JESTER] OH WELL... HERE'S MORE... http://lonestarwhitehous ••• -to.html
[JESTER] 4 MOVING ALONG... THE NEXT STEP IN THE PROGRESSION... GETTING READY FOR THE INCLUSION IN THE IMF RESERVE CURRENCY BASKET... AND A LOT OF WORK WAS DONE AND ADJUSTMENTS MADE... THAT IS EVIDENT AFTER THE FACT....
[JESTER] (YES I KNOW THESE ARTICLES ARE OLD... TO THOSE THAT DIDN'T LISTEN AT THE START OF THIS...
WE ARE TRYING TO PAINT A PICTURE OF THE PROGRESSION OF THINGS THAT WENT DOWN ALONG THE WAY AND MOST OF THEM HAPPENED ALREADY)...
[JESTER] IMF Says More Work Needed on Yuan Reserve-Currency Decision
[JESTER] The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that “significant work” in analyzing data is needed before deciding whether to grant the Chinese currency reserve status.
[JESTER] IMF staff members also opened the door to a possible delay in any approval with a proposal to postpone by nine months, until September 2016, the implementation of a change in the basket of currencies that make up the lender’s Special Drawing Rights, according to an update on the five-yearly review released Tuesday in Washington. The IMF said postponing the change would make the transition to a new basket smoother.
[JESTER] DIDN'T TAKE LONG FOR THEM TO FIGURE IT OUT... THEY DID IT JUST COUPLE MONTHS LATER...
[JESTER] FULL ARTICLE... http://www.bloomberg.com ••• decision
[JESTER] 5 SO THEN IN A SNEAKY MOVE JUST A MONTH LATER AFTER THE ANNOUNCEMENT OF THE 1 YEAR DELAY... THE IMF WENT AHEAD AND VOTED THE YUAN IN...
[JESTER] THIS IS THE FIRST HINT WE HAD OF SOMETHING GETTING DONE IN THE BACKGROUND AND A DEAL ON PLAN C GETTING MADE.... WHY PUT IT OFF FOR A YEAR AND THEN VOTE ON IT THE NEXT MONTH?
[JESTER] THINGS THAT MAKE YOU GO HMMMM...
[JESTER] IMF agrees to include China's RMB in benchmark SDR currency basket
[JESTER] The International Monetary Fund agreed Monday to add the Chinese yuan to its reserve currency basket. The decision — which marks another step in China's global economic emergence — came after the IMF evaluated the Asian nation's standing as an exporter and the yuan's role as a "freely usable" currency.
In a statement, IMF Managing Director Christine Lagarde noted the yuan's inclusion is a "clear representation of the reforms" taking place in China.
[JESTER] WE KNOW THAT HAPPENED.. WE REPORTED IT AT THE TIME... HERE IS THE REST.... http://www.cnbc.com/2015 ••• ket.html
[JESTER] 6 NOW IF YOU KNEW YOU WERE A SHOE IN FOR THE IMF RESERVE CURRENCY BASKET... AND YOU KNEW THAT THE SDR WOULD BE ASSET BACKED.... (WHICH IS ANOTHER STORY FOR LATER)....
AND YOU HAD TIME TO DO IT... WOULD YOU LIKE YOUR CURRENCY TO BE WORTH MORE OR LESS?
[JESTER] HINT: IF IT IS WORTH LESS IT TAKES LESS GOLD OR OTHER ASSETS TO BACK IT.... JUST SAYING...
[JESTER] China To Devalue Yuan Soon After IMF’s SDR Inclusion?
[JESTER] Bank of America Merrill Lynch thinks so. The bank thinks China will devalue the yuan by 3-4% in the second week of December after the IMF decides on the SDR matter on November 30.
[JESTER] GUESS WHAT... THAT HAPPENED TOO...
[JESTER] This month, the People’s Bank of China allowed its onshore yuan fix rate to weaken for 10 consecutive days (November 3 – November 16), before the bank intervened in the offshore market on Monday to make its yuan look better before the SDR decision. The PBoC may be feeling the pressure from financial media, including this blog: “UPDATE Yuan’s Losing Streak Longest Since 2008 Ahead of IMF’s SDR Inclusion.”
[JESTER] YOU THINK THEY MAYBE DID THAT ON PURPOSE? JUST THINKING OUT LOUD HERE... COUPLE REASONS THEY MIGHT LIKE TO DO THAT...
[JESTER] FULL ARTICLE... http://blogs.barrons.com ••• clusion/
[JESTER] WHICH BRINGS US UP TO DATE AND TAKES US INTO NEW TERRITORY...
[JESTER] OOPS... NOT QUITE... I MISSED ONE... MY BAD...
[JESTER] 7 AND HERE WE GO... THE YUAN IS IN... AND HOLY MOLY... AT A RATE HIGHER THAN JAPAN AND GREAT BRITAIN... WHAT THE HECK IS GOING ON... WHAT DOES THAT TELL YOU ABOUT THE ECONOMIC STRENGTH IN THE WORLD... YIKES!
[JESTER] A LITTLE MORE TECHNICAL ARTICLE BUT DANG GOOD INFO ABOUT WHAT IT MEANS TO EVERYONE...
[JESTER] IMF staff earlier this month proposed that the yuan be added to the basket of currencies used to value the SDR, a reserve asset created by the institution in 1969, and today that decision is confirmed (as expected).
The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance.
[JESTER] READ THE REST... http://www.zerohedge.com ••• rt-china
[JESTER] NOW WE ARE CAUGHT UP... LOL
[JESTER] FAST FORWARD A BIT... TO JUST A LITTLE TIME BACK...
[JESTER] In Historic Event, China Sells First World Bank SDR-Denominated Bonds In Decades
[JESTER] In one of the most closely followed bond issues in recent history, overnight the International Bank for Reconstruction and Development (IBRD), one of the five member-institutions of the World Bank Group, sold 500 million SDR-denominated three-year bonds carrying a coupon of 0.49% at an auction in China's interbank market on Wednesday.
This was the first SDR denominated offering in over three decades, with the issuance symbolically taking place in Shanghai one month before the official inclusion of China's currency in the SDR basket.
[JESTER] PRETTY SUCCESSFUL I WOULD SAY...
[JESTER] The first issuance in China of bonds denominated in Special Drawing Rights was well received, Gongsheng added, as he pledged to expand the use of the International Monetary Fund's reserve currency.
Speaking at a press conference, Pan, who is also head of China's foreign exchange regulator, said the bid to cover ratio was 2.5 with around 50 institutional investors bidding for the bonds, including domestic banks, brokerages, insurance companies and overseas central banks as well as international organizations and overseas financial institutions. Chinese government bond auctions typically have a bid to cover ratio of around 3.
[JESTER] PAY ATTENTION HERE TO THE "AND OVERSEAS CENTRAL BANKS" PART... JUST SAYING...
[JESTER] LOOKS LIKE LOTS OF PEEPS LIKED TO HAVE SOMETHING THAT ACTUALLY PAYS A POSITIVE DIVIDEND...
[JESTER] SOME THINK IT IS A GOOD THING... OTHERS DON'T GET IT... READ MORE HERE... http://www.zerohedge.com ••• -decades
[JESTER] MORE ON THE SDR MARKET WILL OBVIOUSLY BE FORTHCOMING... HERE IS A TEST TASTE... LOL
[JESTER] SDR bonds are China's next step to take yuan global
[JESTER] SHANGHAI -- With the yuan set to enter the Special Drawing Rights currency basket in October, China looks to create a market for SDR-denominated bonds as a step toward internationalizing the country's currency.
[JESTER] The government-linked China Development Bank as early as this month will issue $300 million to $800 million in notes denominated in the International Monetary Fund's reserve currency, with maturities of around six months. This will mark the first float of SDR-denominated bonds by an individual financial institution.
[JESTER] SKIPPING DOWN...
[JESTER] Beijing's strong push for SDR-denominated bonds could lead to some purchases by Chinese banks and foreign banks operating in the country. But the lack of past floats by U.S. or European financial institutions suggests that potential demand is thin.
[JESTER] I GUESS THAT POINT IS MOOT... THEY WENT OVER PRETTY WELL I THINK... HA!
[JESTER] CATCH UP ON OTHER POINTS HERE... http://asia.nikkei.com/P ••• n-global
[JESTER] AND HERE WE ARE... COMPLETE WITH RATES AND EVERYTHING... COUPLE DAYS AGO...
[JESTER] IMF Launches New SDR Basket Including Chinese Renminbi, Determines New Currency Amounts
[JESTER] Chinese renminbi (RMB) to be included in SDR basket as fifth currency starting October 1
[JESTER] Ms. Lagarde says SDR basket expansion reflects the ongoing evolution of the global economy and is a significant change for the IMF
[JESTER] Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period.
[JESTER] DON'T TRY TO FIGURE OUT THE CHART... THAT WILL MAKE YOU CRAZY... WE WILL GO INTO THAT LATER... LOL
[JESTER] CHECK IT OUT... http://www.imf.org/en/Ne ••• Renminbi
[JESTER] NOW I KINDA THINK THIS GUY IS FULL OF HIMSELF... BUT THAT'S OKAY... SOMETIMES I AM TOO... IT COMES WITH THE TERRITORY OF GETTING BEAT DOWN AT EVERY TURN WHILE KNOWING YOU BEEN RIGHT AND NO ONE IS LISTENING... LOL
[JESTER] THE NEW SDR IS HERE!
[JESTER] The historic moment which we have long discussed has arrived. As of October 1, 2016, the Chinese renminbi is a part of the weighting composition of the Special Drawing Right (SDR) of the International Monetary Fund (IMF). The RMB joins the USD, British pound, euro, and Japanese yen in the SDR basket, and will see its international status develop even further as the once unipolar USD dominated international monetary system begins its transformation into a multilateral framework.
[JESTER] GET A DRINK AND SIT DOWN AND LET HIM PAT HIMSELF ON THE BACK... I KINDA LIKE WHAT HE HAS TO SAY...
[JESTER] JUST CHECK IT OUT [JESTER] BUT HE IS RIGHT... LOL
[JESTER] http://philosophyofmetri ••• ore-4527
[JESTER] SO THE SITUATION IS THIS... WE BEEN PREDICTING THE SCENARIO WHERE THE CHINESE WOULD BECOME THE LEADER AND YOU ARE SEEING IT HAPPEN IN REAL TIME...
[JESTER] I TOLD YOU THEY WOULD COME OUT ON TOP... AND THEY WILL...
[JESTER] THE US IS TO BE LEFT LACKING... BUT YOU ALREADY KNEW THAT...
[JESTER] THEORETICALLY IT WILL NOT BE AS BAD AS THE CRASH WE HAD COMING BEFORE PLAN C...
[JESTER] IT SHOULD BE A SLOW DECLINE TO WHERE IT BECOMES OBVIOUS WE NEED TO RESTART THE FACTORIES AND BRING SOME JOBS HOME...
[JESTER] ANYWAY... I HOPE YOU ENJOYED THE SERIES.. YOU GOT THE LAST FEW AHEAD OF THE FB PAGE...
[chuck60] JESTER Thanks!
[hoot2602] JESTER thank you
[JESTER] THE OTHER THEORIZING WILL HAVE TO WAIT FOR ANOTHER NIGHT... AS WE ARE NEARLY OUT OF TIME...
[LH] Jester thanks
[MarySunshine] JESTER Thanks!!
[JESTER] AND MY LITTLE FINGERS ARE TIRED.... LOL
[caro] JESTER thanks
[Truth] JESTER thanks.
[Awaap] JESTER MANY THANKS!!
[Hannah] JESTER Thank you so much
[JESTER] BEERTENDER... HURRY UP WITH THAT RUM!
[Aunt B] Jester Thank You! Cheers
[happyjack] JESTER Thank you!! There is no place like Jester's Place!!
[JESTER] YA'LL TAKE IT EASY YA HEAR? LOL
[Angel4444] Jester Yes, thank you!! And thanks to Redwolf, too!! You guys are amazing!! Great sleuthing there!!
[stillwacko] JESTER thanks
[diditrvyeet] JESTER you connected so many dots you probably see them in your sleep lol
[chuck60] diditrvyeet lol
[Hannah] JESTER Thanks again to you and your faithful team ... I know we scare Redwolf but he should come in so we can thank him.
[JESTER] NONE OF THIS COULD HAVE BEEN POSSIBLE WITHOUT THE WOLF... HE IS THE ONE I BOUNCE THE IDEAS OFF OF THEN HE GOES AND FINDS WHAT IS PERTINENT... THEN WE GET MORE IDEAS...
IT IS A GREAT TEAMWORK EFFORT AND I WOULD BE REMISS IF I DID NOT MENTION HIS VALUABLE INPUT...
[chuck60] JESTER Thank you and thank you Redwolf!!
[JESTER] ALL HAIL THE WOLF.... LOL
[diditrvyeet] thanks redwolf, you and jester are the best
[Betsy Ross] Thank you Jester and RedWolf!!!
[Angel4444] WE love you Redwolf!! We love you Jester!! Thank you!!
[MarySunshine] Heartfelt thanks to you and RedWolf!!!
[Rebel Girl] JESTER Thanks to You & RedWolf For all yall do to helps us!!
[caro] JESTER thank him from us
[hoot2602] Jester Amen Wolf!
[ModelWoman] cheers to Redwolf