QUESTION FOR THE MORNING? (FEEDBACK APPRECIATED)
Posted by EXOGEN on September 9, 2014 at 11:06am
Why do you think the LEAD Bank and other Tier 1 banks are now opening OFFSITE exchange centers, staffing them, and integrating I.T. Infrastructure at these NEW Offsite LOCATIONS?
To keep us separate from the public.
Dr. Mark > EXOGEN:
If this assumption is confirmed, and I have no reason to doubt you Exo, and banks allocate funds to extend for this operation...I have got to believe they would not have invested those dollars in the short term while waiting for a long term and awaited decision.
Therefore, they know something that we do not....which is possibly a very good thing!
nana7 > EXOGEN:
Hopefully this has already been completed.
Tony and DC have been saying this for months.
Wasn't that the plan all along? I've heard for some time it would not be at a regular bank site.
You may not want your local bank knowing you now have all this money. People talk. I'm exchanging 50 miles away in a major city where I do not visit. Putting restrictions on who sees my large accounts, meaning local branches. Something to think about.
Someone did mention off site locations a week + ago.
But my questions is how are we to know these off site non bank locations are legitimate when we hand over our currency?
This may be to make sure that their routine banking operations will not be affected by these exchanges. I would appreciate EXO sharing his thoughts on these exchange centers.
Is it that the bank employees would be pissed and quit their jobs if they found out that the dinar scam that their bosses told them was really not a scam after all?
Vinman > nana7:
I believe Exo is trying to elude to the fact that if this exchange is completed in the normal bank environment it would effect employee retention. Thus, employees would be upset that they have been lied to for years about this currency play.
Thinking I also heard there would be off sites for the exchange, but going to the banks may not be able to handle all the dinarian as we have grown over the year, and with all the ups and downs of this thing they (banks) may have closed most of the sites.
There really are not many bank branches that exchange, only large tiers.
So this maybe a good thing.
Etymology Latin circum (“about”) + venire (“to come”)
Verb circumvent (third-person singular simple present circumvents, present participle circumventing, simple past and past participle circumvented)
(transitive) to avoid or get around something; to bypass
(transitive) to surround or besiege
(transitive) to outwit or outsmart
[show ▼]to avoid or get around something
[show ▼]to surround or besiege
[show ▼]to outwit
in a word: security. that includes minimizing dealing with irate employees who helped promote the "its a scam" lie.
From Wikipedia, the free encyclopedia
Employee retention refers to the ability of an organization to retain its employees. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period). However, many consider employee retention as relating to the efforts by which employers attempt to retain employees in their workforce. In this sense, retention becomes the strategies rather than the outcome.
A distinction should be drawn between low performing employees and top performers, and efforts to retain employees should be targeted at valuable, contributing employees. Employee turnover is a symptom of a deeper issue that has not been resolved. These deeper issues may include low employee morale, absence of a clear career path, lack of recognition, poor employee-manager relationships or many other issues . A lack of satisfaction and commitment to the organization can also cause an employee to withdraw and begin looking for other opportunities. Pay does not always play as large a role in inducing turnover as is typically believed.
In a business setting, the goal of employers is usually to decrease employee turnover, thereby decreasing training costs, recruitment costs and loss of talent and organisational knowledge. By implementing lessons learned from key organizational behavior concepts employers can improve retention rates and decrease the associated costs of high turnover. However, this isn't always the case. Employers can seek "positive turnover" whereby they aim to maintain only those employees who they consider to be high performers.
MEEKSEEKER > EXOGEN:
You are saying that the offsite exchange centers are in place so that the tellers don't quit by investing in Dinar or flip out on their management for telling them Dinar was a scam... But wasn't that the purpose of the Friends & Family payout?
I would imagine that they will start exchanges well before the general public is made aware. If there are separate exchange centers, banks do not run the risk of having us interact with regular bank customers....
My gut sense is these centers have existed , but there is a larger expansion going on In terms of number of facilities and people running them. . Just a thought.
Part of it is so that regular employees that have been told to say its a scam will not be exposed to truth. We had the good fortune to happen upon a normally quiet branch of one of the participating banks, that has filled in vacant areas with new desk and computers.
Lead teller was very open about what was going on.
Even said that they Had been called in couple weeks ago when it was supposed to happen.
Foreign Exchange Contract
Commitment to buy or sell a specified amount of foreign currency on a fixed date and rate of exchange. Such contracts are used usually by importers as a hedge against exchange rate fluctuations. See also foreign exchange option.
On the sweet side ......to make it easier for them....balances out the load lines...
and easier for the 'holders' who live out of the city proper ....and have familiarity with their local bankers...If this is true it is a considerate gesture all around. Think positive...no one is out to get you....unless you believe it so....
Their discretion is a double edged sword. It provides a first line of security, by promoting a sense and place of privacy. Secondly, the banking system, albeit new and more secure, isn't inundated with curiosity seekers and thereby a "panic". My thinking cap is a cowboy hat.
The Parliament is voting today on their budget and once that is OK'd, the IMF will RV the Dinar and the rest in the basket...
My peeps are saying 9/11. They never thought they would get it pushed out this far, but now it will be a political move to be shown as respect and a memorial for all the American lives lost here and abroad.