Entry Submitted by Tbone at 11:53 AM EDT on April 2, 2017
I want to double down on what Brigantine said regarding "The End" post where the concept of a "gift amount" is introduced as some benevolent pile of crap by the bankers in order to simplify the math and emotions.
"The End" - Revaluation News - Saturday - April 1, 2017
There's a new upfront "gift amount" for redeemers with less than 200T ZIM, where by they can receive a specific cash amount per note and not have to deal with the math or emotion of on-screen rates or privately negotiated rates.
I have spent the last seven years in this endeavor. I have scraped and saved in order to be able to bring this forward for me and over 40 other people. I have studied. I have stressed. I have prepared people to think about projects and to think about their purpose in life as we move forward. Some were gifted some and some purchase their own currency. The thought of some freekin' banker deciding that because they only have a 100 T note they're going to get only some portion of the screen rate because the banker is being benevolent is bull crap.
You cannot imagine the rage that will be generated by that banker move by me and by my friends when they figured out. And they will figure it out. Do you really think that they or I will stay with HSBC? Who makes the decision that Granny only gets a portion of what their due? Who do I talk to get that fixed, after the fact?
It is up to the banker to make the rates simple. Particularly on the Zim, where the banker can express it as a decimal with five zeros or a 6 zero lop or some other formula. What matters is the net amount of money they will receive and that is not a hard move for the banker. Come on... who are you kidding?
So now I have to go back and tell everyone of these people, that they need to ask the question, "is this the highest rate possible without an NDA?" Is the banker going to lie then? So it sounds like were back to negotiation and can't trust the bank. A final twist, AND this looked like it was going to be a predator free experience.
I find it incredible that they think that this could even be a possibility to short shift my friends and family. Now, admittedly, when I gave them Zim the rumor was 30 million per 100T note, and yes, the rate has gone up. But there is no benevolence in stealing from these people even if the bank isn't directly benefiting.
I can tell you on my list some of these are the kindest hearted people you will ever know. Some of the projects that will be funded would make you cry. These projects are from the hearts of regular people.
They all know what's coming, and the amounts that are expected. But I worry for some of them that they're going to sit in the room across from a banker, a wealth manager, a Federal marshal ( with a gun?), AND a bank lawyer. They will be deer in the headlights and I am sure one of them will screw up and not ask the right question, just simply through intimidation of sitting across from four suits and machine-gun armed guards outside the room. Hundreds of millions of dollars will be left on the table that will never be benevolently spent.
Come on!!! Give everybody the screen rate first and stop the bull.