Jester’s Place:
[Jester] HI MODS, PEEPS, LURKERS, AND CRITTERS... HAPPY HUMP DAY ACCORDING TO EVERYONE BUT GRUMPY CAT... HAHAHAHAH
[pollyp] Jester, do you believe there are 80-139 countries that have asked to be part of the BRICS bank?
[pollyp] Including Germany?
[Jester] THAT WAS SAID IN THE LEE WANTA THINGIE FROM THE OTHER NIGHT... I DO NOT KNOW IF I BELEIVE IT IS THAT MANY AT THIS TIME ALTHOUGHT THEY ARE STARTING TO CROP UP HERE AND THERE SO WHO KNOWS... I READ SOME STUFF TODAY THAT I AM TRYING TO VET OUT... LET ME SEE IF IT IS WORTH THROWING IN...
[pollyp] Jester, can Iraq join the brics banking system?
[Jester] pollyp I SUPPOSE ANYONE CAN IF THE BRICS WILL TAKE THEM... BUT YOU HAVE TO UNDERSTAND WHAT THE BRICS IS REALLY ALL ABOUT... THIS IS GOING TO GET COMPLICATED...
[Jester] The New Development Bank (NDB), formerly referred to as the BRICS Development Bank,[1] is multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund.[2] The Bank is setup to foster greater financial and development cooperation among the five emerging markets. Together, the four original BRIC countries comprise in 2014 more than 2.8 billion people or 40 percent of the world’s population, cover more than a quarter of the world’s land area over three continents, and account for more than 25 percent of global GDP.
[Jester] The bank's primary focus of lending will be infrastructure projects [10][11] with authorized lending of up to $34 billion annually.[11] South Africa will be the African Headquarters of the Bank named the, "New Development Bank Africa Regional Centre".[12] The bank will have starting capital of $50 billion, with capital increased to $100 billion over time.[13] Brazil, Russia, India, China and South Africa will initially contribute $10 billion each to bring the total to $50 billion.[12][13] Each member cannot increase its share of capital without all other 4 members agreeing. This was a primary requirement of India.[14][15] The bank will allow new members to join but the BRICS capital share cannot fall below 55%.[13]
[Jester] THERE IS THE ANSWER TO YOUR QUESTION...
[Jester] NEW MEMBERS CAN JOIN...
[Jester] The CRA is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures.[16] The objective of this reserve is to provide protection against global liquidity pressures.[10][13][17] This includes currency issues where members' national currencies are being adversely affected by global financial pressures.[10][13][17] The Bank would also provide assistance to other countries suffering from the economic volatility in the wake of the United States' exit from its expansionary monetary policy.[18]
[pollyp] So if Iraq applied and put up their 10 billion they might be accepted
[Jester] Jester MAYBE BUT WHAT WOULD BE THE POINT... THAT IS NOT THEIR PURPOSE... I SUPPOSE IRAQ MIGHT LIKE TO TAKE ON THAT STAGE AT SOME TIME BUT I CANNOT SEE AN ADVANTAGE FOR THEM TO DO SO AT THIS TIME...
[pollyp] This is getting ugly
[Jester] TOLD YOU IT WAS COMPLICATED...
[Jester] NOW... LET ME ADDRESS WHAT I THINK YOU QUESTION REALLY MIGHT HAVE BEEN... AND THAT IS THE DEGRADATION OF THE US RESERVE CURRENCY... WHICH IS BEING DONE BY EVERYONE MAKING SIDE DEALS TO WORK BETWEEN THEMSELVES WITHOUT HAVING TO USE THE DOLLAR...
[pollyp] The purpose could be to include the majority of population/land mass/GDP no?
[Jester] THIS WILL FLIP YOU OUT...
[Jester] So the government of Switzerland recently signed a bilateral currency swap agreement with China, enabling the two countries to buy and sell up to 150 billion RMB or 21 billion Swiss Francs of each other’s currencies.
[Jester] YIKES!
[Jester] AND REMEMBER EARLIER WE TALKED ABOUT AUSTRALIA MAKING A DEAL WITH CHINA AND RUSSIA...
[Jester] AND SO MANY OTHERS MAKING DEALS WITH SO MANY OTHERS...
[pollyp] First Australia, now Switzerland
[Jester] LET ME DROP SOME MORE INFO IN HERE... AND THIS IS FROM THE SOVERIEGN MAN... I KINDA LIKE SIMON BLACK... AND ANYONE CAN GET IT... IT IS WORTH THE SUBSCRIPTION IN MY OPINON...
[Jester] SO WHY DID IT HAPPEN? GUESS WHAT... THE US STRONGARM IN PROGRESS AGAIN...
[Jester] When you think about “strong banking”, what country comes first to mind? A few years ago, the most obvious answer would be Switzerland. Today, however, Switzerland’s reputation for banking is nowhere near where it once was. Starting in 2009, the US, as chief financial bully, led the charge in assaulting the country’s banking sector and dragging it down brick by brick. The pummeling has continued ever since, culminating in the end of banking secrecy in the country altogether.
[Jester] WE ALL READ ABOUT THAT IN THE NEWS BUT IT WAS NOT OBVIOUS WHAT WAS GOING ON.. GO FIGURE...
[Jester] As Switzerland endured one blow after the next, the Chinese renminbi (RMB) quietly slipped past the steadfast Swiss franc to become a more popular currency for use in trade settlements. Eager to restore some of its former banking luster, Switzerland has taken note of this and is rapidly positioning itself to become a major center of European RMB trade.
[Jester] Switzerland is just the latest to join the queue, as nearly 25 other central banks already signed similar agreements with China. Every few weeks, and with increasing frequency, we’re hearing news of the next country that is accepting China’s future financial primacy. There’s no denying that both sovereign nations and market participants are accepting the validity of the RMB as a major trade currency. This is no longer an anomaly, but part of an obvious trend.
[Jester] WOW... THE HANDWRITING ON THE WALL SO TO SPEAK....
[Jester] To be fair, it’s not that the RMB is a shoe-in for the next global reserve currency—because the country and its currency undoubtedly both have problems. What’s really being revealed with these latest developments is relative confidence. It may not be clear whether or not the RMB will make it to the top, but what is clear to everyone is that the USD is going down.
[Jester] SO... THERE YOU HAVE IT... WE BEEN TALKING ABOUT IT IN BITS AND PIECES FOR SOME TIME NOW... IT IS HAPPENING...
[lulu] Jester and the gold buying by china is part of this?
[Jester] Here we see ambitious countries like the UK and Switzerland proactively trying to adapt to and take advantage of the changing financial climate.
[Jester] The sole tactic of the US government, on the other hand, is to lash out at countries which make them feel threatened. They rally the whole world against Russia for acts of war. They blast China as a currency manipulator. And all of this as if the US wasn’t dropping bombs by remote control drone… or heavily manipulating its own currency. This has accomplished nothing other than to demonstrate just how weak and insecure the former financial superpower has become.
[pollyp] After this is over the MSM should be criminally charged for not divulging this info
[Jester] BEEN TALKING ABOUT THIS FOR TWO YEARS...
[Jester] LOOK GUYS... THIS THING SEEMS TO BE GOING THE RIGHT DIRECTION... I AM NOT SURE THAT IT WILL COME IN ONE FELL SWOOP LIKE SOME OF THE OTHERS... I AM PRETTY SURE I UNDERSTAND WHAT THE DOMINOES ARE... AND IF I AM RIGHT THE FIRST ONE IS GETTING VERY CLOSE... BUT I DO NOT THINK THAT IS THE ONE THAT YOU ARE LOOKING FOR... NOT EXACTLY ANYWAY... BUT IT IS ONLY A STARTING POINT... THERE IS A LOT THAT WILL HAPPEN AS THE DOMINOES FALL THAT WILL LEAD TO THE END THAT YOU SEEK...
[Jester] BUT... ONCE THE FIRST ONE GOES... IT WILL NOT BE LONG... MOST OF THE IN BETWEEN DOMINOES ARE ALL SET UP AND READY TO GO...
[Jester] SO THAT IS FOR YOU FRIENDS THAT ARE HERE NOW... HAHAHAHA
[pollyp] Ahhh, the beans have been spilt
[goodtimes] Jester thank you sir that sounds great!
[Jester] I AM TOLD THAT THERE IS ONE DOCUMENT THAT NEEDS TO BE EXECUTED BY THE IMF... AND IT HAS BEEN EXPECTED FOR A TIME NOW... AND THAT COULD COME AT ANY MOMENT...
[Jester] BUT AS I SAID... IT HAS BEEN EXPECTED FOR A FEW DAYS ALREADY... SO WE'LL SEE...
[Hannah] Jester I feel encouraged by that "friendly" little tidbit. Thanks
[Jester] TIMING IS AN ISSUE... AFTER ALL THE TIME THAT IRAQ HAS BEEN WAITING ON THE WORLD TO GET ALL OF THEIR COLLECTIVE STUFF STRAIGHTENED OUT WITH THE BANKING SYSTEM AND ALL THA
[Jester] I HAVE BEEN WATCHING TLAR'S REPORTS... AND I GET LOTS FROM OTHERS AS WELL... BUT HE IS AS GOOD AS IT GETS ON EXPLAINING WHAT IS GOING ON IN IRAQ... IF YOU CAN UNDERSTAND WHAT HE IS TALKING ABOUT... IT IS VERY DETAILED STUFF... BUT WORTH UNDERSTANDING IF YOU WILL LIKE TO UNDERSTAND WHAT IS GOING ON OVER THERE...
[hoot2602] Jester Its nice to hear you being so positive
[Jester] THINGS SEEM TO BE LINING UP FOR THAT PART TO BE READY TO GO PRETTY QUICKLY...
[Jester] AND BY THE WAY... FOR THOSE OF YOU LOOKING FOR TRN/USN'S ON THE STREET... DO NOT CONFUSE THE NEW $100 WITH A TRN/USN... THOSE HAVE BEEN OUT SINCE LAST YEAR..
[Jester] THE TRN/USN WILL BE DIGITAL UNTIL THEY RELEASE THEM... AND TO RELEASE THEM WILL REQUIRE ANNOUNCING IT SO EVERYONE WILL HAVE TIME TO GET THE VENDING MACHINES AND ATM'S AND SO EVERYONE WILL RECOGNIZE THEM...
[Jester] DO NOT BE FOOLED... HAHAHAHHA.
[lulu] Jester where does bitcoin fit into all this ? If at all
[Jester] lulu DO YOU HAVE SOME? IT IS AN ALTERNATIVE DIGITAL CURRENCY THAT STILL IS NOT FOR SURE OF THE LONG TERM STABILITY...
[pokerbrat] Jester I stopped following the Iraq Intel long ago. It is good to know TLAR I frankly can't make heads or tails out of if Maliki is coming going in London or on a beach somewhere????
[hoot2602] Jester Are you getting any info regarding the PM of Iraq?
[Jester] pokerbrat THAT IS WHY I DEFER TO TLAR... HE IS THE BEST KNOWLEGE BASE ON THAT THAT I HAVE SEEN SO FAR...
[Jester] AND I DO NOT HAVE TIME TO FOLLOW THAT TOO... SO IF SOMEONE ELSE IS DOING A GOOD JOB I SAY LET THEM DO IT AND LISTEN... HAHAHAHAH
[lulu] Jester you are smart
[pokerbrat] I trust your judgement so far so I will look at TLAR. I'm a poet and I don't even know it. I never knew what happened to Shabbi? Was he found in a spider hole or did he get shot and we threw his body in the ocean?
[Jester] lulu CAN ONLY DO SO MUCH... AND MY EFFORT IS ON MAKING SURE THAT THOSE OF YOU THAT ARE WITH ME ARE IN THE RIGHT PLACE AT THE RIGHT TIME..
[lulu] Jester much appreciated :)
[Truth] Jester oh wow, thanks Jester
[hoot2602] Jester Are you getting any info regarding the PM of Iraq?
[Jester] THAT DOMINOE IS ONE OF THE IN BETWEN DOMINOES... HAHAHAHAH
[pokerbrat] I'm waiting for the CNN/MSNBC/FOX Special that says guess what folks we have been full of lies and carp for the last 40 years
[Jester] SEEYALATERBYE...
[Jester] HI MODS, PEEPS, LURKERS, AND CRITTERS... HAPPY HUMP DAY ACCORDING TO EVERYONE BUT GRUMPY CAT... HAHAHAHAH
[pollyp] Jester, do you believe there are 80-139 countries that have asked to be part of the BRICS bank?
[pollyp] Including Germany?
[Jester] THAT WAS SAID IN THE LEE WANTA THINGIE FROM THE OTHER NIGHT... I DO NOT KNOW IF I BELEIVE IT IS THAT MANY AT THIS TIME ALTHOUGHT THEY ARE STARTING TO CROP UP HERE AND THERE SO WHO KNOWS... I READ SOME STUFF TODAY THAT I AM TRYING TO VET OUT... LET ME SEE IF IT IS WORTH THROWING IN...
[pollyp] Jester, can Iraq join the brics banking system?
[Jester] pollyp I SUPPOSE ANYONE CAN IF THE BRICS WILL TAKE THEM... BUT YOU HAVE TO UNDERSTAND WHAT THE BRICS IS REALLY ALL ABOUT... THIS IS GOING TO GET COMPLICATED...
[Jester] The New Development Bank (NDB), formerly referred to as the BRICS Development Bank,[1] is multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund.[2] The Bank is setup to foster greater financial and development cooperation among the five emerging markets. Together, the four original BRIC countries comprise in 2014 more than 2.8 billion people or 40 percent of the world’s population, cover more than a quarter of the world’s land area over three continents, and account for more than 25 percent of global GDP.
[Jester] The bank's primary focus of lending will be infrastructure projects [10][11] with authorized lending of up to $34 billion annually.[11] South Africa will be the African Headquarters of the Bank named the, "New Development Bank Africa Regional Centre".[12] The bank will have starting capital of $50 billion, with capital increased to $100 billion over time.[13] Brazil, Russia, India, China and South Africa will initially contribute $10 billion each to bring the total to $50 billion.[12][13] Each member cannot increase its share of capital without all other 4 members agreeing. This was a primary requirement of India.[14][15] The bank will allow new members to join but the BRICS capital share cannot fall below 55%.[13]
[Jester] THERE IS THE ANSWER TO YOUR QUESTION...
[Jester] NEW MEMBERS CAN JOIN...
[Jester] The CRA is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures.[16] The objective of this reserve is to provide protection against global liquidity pressures.[10][13][17] This includes currency issues where members' national currencies are being adversely affected by global financial pressures.[10][13][17] The Bank would also provide assistance to other countries suffering from the economic volatility in the wake of the United States' exit from its expansionary monetary policy.[18]
[pollyp] So if Iraq applied and put up their 10 billion they might be accepted
[Jester] Jester MAYBE BUT WHAT WOULD BE THE POINT... THAT IS NOT THEIR PURPOSE... I SUPPOSE IRAQ MIGHT LIKE TO TAKE ON THAT STAGE AT SOME TIME BUT I CANNOT SEE AN ADVANTAGE FOR THEM TO DO SO AT THIS TIME...
[pollyp] This is getting ugly
[Jester] TOLD YOU IT WAS COMPLICATED...
[Jester] NOW... LET ME ADDRESS WHAT I THINK YOU QUESTION REALLY MIGHT HAVE BEEN... AND THAT IS THE DEGRADATION OF THE US RESERVE CURRENCY... WHICH IS BEING DONE BY EVERYONE MAKING SIDE DEALS TO WORK BETWEEN THEMSELVES WITHOUT HAVING TO USE THE DOLLAR...
[pollyp] The purpose could be to include the majority of population/land mass/GDP no?
[Jester] THIS WILL FLIP YOU OUT...
[Jester] So the government of Switzerland recently signed a bilateral currency swap agreement with China, enabling the two countries to buy and sell up to 150 billion RMB or 21 billion Swiss Francs of each other’s currencies.
[Jester] YIKES!
[Jester] AND REMEMBER EARLIER WE TALKED ABOUT AUSTRALIA MAKING A DEAL WITH CHINA AND RUSSIA...
[Jester] AND SO MANY OTHERS MAKING DEALS WITH SO MANY OTHERS...
[pollyp] First Australia, now Switzerland
[Jester] LET ME DROP SOME MORE INFO IN HERE... AND THIS IS FROM THE SOVERIEGN MAN... I KINDA LIKE SIMON BLACK... AND ANYONE CAN GET IT... IT IS WORTH THE SUBSCRIPTION IN MY OPINON...
[Jester] SO WHY DID IT HAPPEN? GUESS WHAT... THE US STRONGARM IN PROGRESS AGAIN...
[Jester] When you think about “strong banking”, what country comes first to mind? A few years ago, the most obvious answer would be Switzerland. Today, however, Switzerland’s reputation for banking is nowhere near where it once was. Starting in 2009, the US, as chief financial bully, led the charge in assaulting the country’s banking sector and dragging it down brick by brick. The pummeling has continued ever since, culminating in the end of banking secrecy in the country altogether.
[Jester] WE ALL READ ABOUT THAT IN THE NEWS BUT IT WAS NOT OBVIOUS WHAT WAS GOING ON.. GO FIGURE...
[Jester] As Switzerland endured one blow after the next, the Chinese renminbi (RMB) quietly slipped past the steadfast Swiss franc to become a more popular currency for use in trade settlements. Eager to restore some of its former banking luster, Switzerland has taken note of this and is rapidly positioning itself to become a major center of European RMB trade.
[Jester] Switzerland is just the latest to join the queue, as nearly 25 other central banks already signed similar agreements with China. Every few weeks, and with increasing frequency, we’re hearing news of the next country that is accepting China’s future financial primacy. There’s no denying that both sovereign nations and market participants are accepting the validity of the RMB as a major trade currency. This is no longer an anomaly, but part of an obvious trend.
[Jester] WOW... THE HANDWRITING ON THE WALL SO TO SPEAK....
[Jester] To be fair, it’s not that the RMB is a shoe-in for the next global reserve currency—because the country and its currency undoubtedly both have problems. What’s really being revealed with these latest developments is relative confidence. It may not be clear whether or not the RMB will make it to the top, but what is clear to everyone is that the USD is going down.
[Jester] SO... THERE YOU HAVE IT... WE BEEN TALKING ABOUT IT IN BITS AND PIECES FOR SOME TIME NOW... IT IS HAPPENING...
[lulu] Jester and the gold buying by china is part of this?
[Jester] Here we see ambitious countries like the UK and Switzerland proactively trying to adapt to and take advantage of the changing financial climate.
[Jester] The sole tactic of the US government, on the other hand, is to lash out at countries which make them feel threatened. They rally the whole world against Russia for acts of war. They blast China as a currency manipulator. And all of this as if the US wasn’t dropping bombs by remote control drone… or heavily manipulating its own currency. This has accomplished nothing other than to demonstrate just how weak and insecure the former financial superpower has become.
[pollyp] After this is over the MSM should be criminally charged for not divulging this info
[Jester] BEEN TALKING ABOUT THIS FOR TWO YEARS...
[Jester] LOOK GUYS... THIS THING SEEMS TO BE GOING THE RIGHT DIRECTION... I AM NOT SURE THAT IT WILL COME IN ONE FELL SWOOP LIKE SOME OF THE OTHERS... I AM PRETTY SURE I UNDERSTAND WHAT THE DOMINOES ARE... AND IF I AM RIGHT THE FIRST ONE IS GETTING VERY CLOSE... BUT I DO NOT THINK THAT IS THE ONE THAT YOU ARE LOOKING FOR... NOT EXACTLY ANYWAY... BUT IT IS ONLY A STARTING POINT... THERE IS A LOT THAT WILL HAPPEN AS THE DOMINOES FALL THAT WILL LEAD TO THE END THAT YOU SEEK...
[Jester] BUT... ONCE THE FIRST ONE GOES... IT WILL NOT BE LONG... MOST OF THE IN BETWEEN DOMINOES ARE ALL SET UP AND READY TO GO...
[Jester] SO THAT IS FOR YOU FRIENDS THAT ARE HERE NOW... HAHAHAHA
[pollyp] Ahhh, the beans have been spilt
[goodtimes] Jester thank you sir that sounds great!
[Jester] I AM TOLD THAT THERE IS ONE DOCUMENT THAT NEEDS TO BE EXECUTED BY THE IMF... AND IT HAS BEEN EXPECTED FOR A TIME NOW... AND THAT COULD COME AT ANY MOMENT...
[Jester] BUT AS I SAID... IT HAS BEEN EXPECTED FOR A FEW DAYS ALREADY... SO WE'LL SEE...
[Hannah] Jester I feel encouraged by that "friendly" little tidbit. Thanks
[Jester] TIMING IS AN ISSUE... AFTER ALL THE TIME THAT IRAQ HAS BEEN WAITING ON THE WORLD TO GET ALL OF THEIR COLLECTIVE STUFF STRAIGHTENED OUT WITH THE BANKING SYSTEM AND ALL THA
[Jester] I HAVE BEEN WATCHING TLAR'S REPORTS... AND I GET LOTS FROM OTHERS AS WELL... BUT HE IS AS GOOD AS IT GETS ON EXPLAINING WHAT IS GOING ON IN IRAQ... IF YOU CAN UNDERSTAND WHAT HE IS TALKING ABOUT... IT IS VERY DETAILED STUFF... BUT WORTH UNDERSTANDING IF YOU WILL LIKE TO UNDERSTAND WHAT IS GOING ON OVER THERE...
[hoot2602] Jester Its nice to hear you being so positive
[Jester] THINGS SEEM TO BE LINING UP FOR THAT PART TO BE READY TO GO PRETTY QUICKLY...
[Jester] AND BY THE WAY... FOR THOSE OF YOU LOOKING FOR TRN/USN'S ON THE STREET... DO NOT CONFUSE THE NEW $100 WITH A TRN/USN... THOSE HAVE BEEN OUT SINCE LAST YEAR..
[Jester] THE TRN/USN WILL BE DIGITAL UNTIL THEY RELEASE THEM... AND TO RELEASE THEM WILL REQUIRE ANNOUNCING IT SO EVERYONE WILL HAVE TIME TO GET THE VENDING MACHINES AND ATM'S AND SO EVERYONE WILL RECOGNIZE THEM...
[Jester] DO NOT BE FOOLED... HAHAHAHHA.
[lulu] Jester where does bitcoin fit into all this ? If at all
[Jester] lulu DO YOU HAVE SOME? IT IS AN ALTERNATIVE DIGITAL CURRENCY THAT STILL IS NOT FOR SURE OF THE LONG TERM STABILITY...
[pokerbrat] Jester I stopped following the Iraq Intel long ago. It is good to know TLAR I frankly can't make heads or tails out of if Maliki is coming going in London or on a beach somewhere????
[hoot2602] Jester Are you getting any info regarding the PM of Iraq?
[Jester] pokerbrat THAT IS WHY I DEFER TO TLAR... HE IS THE BEST KNOWLEGE BASE ON THAT THAT I HAVE SEEN SO FAR...
[Jester] AND I DO NOT HAVE TIME TO FOLLOW THAT TOO... SO IF SOMEONE ELSE IS DOING A GOOD JOB I SAY LET THEM DO IT AND LISTEN... HAHAHAHAH
[lulu] Jester you are smart
[pokerbrat] I trust your judgement so far so I will look at TLAR. I'm a poet and I don't even know it. I never knew what happened to Shabbi? Was he found in a spider hole or did he get shot and we threw his body in the ocean?
[Jester] lulu CAN ONLY DO SO MUCH... AND MY EFFORT IS ON MAKING SURE THAT THOSE OF YOU THAT ARE WITH ME ARE IN THE RIGHT PLACE AT THE RIGHT TIME..
[lulu] Jester much appreciated :)
[Truth] Jester oh wow, thanks Jester
[hoot2602] Jester Are you getting any info regarding the PM of Iraq?
[Jester] THAT DOMINOE IS ONE OF THE IN BETWEN DOMINOES... HAHAHAHAH
[pokerbrat] I'm waiting for the CNN/MSNBC/FOX Special that says guess what folks we have been full of lies and carp for the last 40 years
[Jester] SEEYALATERBYE...
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