Posted Today, 07:26 PM
Hello Everyone:
I hope all find themselves and family in good health, and with patience the blessing will bring prosperity. Thank You for taking the time to read this, i am privileged to have your presence.
In the last 3 days i have received hundred's of calls, i have tried to answer as many as possible, i promise i will get back to those who have left messages, none will be forgotten, and all will be answered
I have had the honor to make a lot of friends and to have spoken to the nicest people i have met over the phone.
But there is a growing concern that has been very prevalent in all these conversations, the concern has been over CASHING IN.
This is a touchy subject but i am going to try to approach it with white gloves, i do not want anyone to get offended, i just believe that truth needs to prevail, and questions need to be asked, and they need to be answered with competent information
not assumptions or just guided by blind faith. You need to walk into this with assurance.
Now we all know this is going to RV, so the sooner, and i truly mean that, everybody must be prepared.
I consider myself an educated person, but i don't know everything, so i have always surrounded myself with people who are much smarter, i have always hired for there ability to reason, perform, act upon, organize, and execute, 10 times quicker and better than me.
This has carried me far in life, and has aloud me to accomplish much, i have to thank those who helped me reach places i could not have reached on my own, and i accept that, i know my weaknesses and i know my strenghts. Typing and grammar is a huge weakness, but don't tell anyone LOL.
So given that, i expect all of you to do the same, its never hurt me, its only and always been a blessing.
OK LETS GET STARTED
want you to read this it is short but allows you to understand what happens behind the scenes when cashing in your DINARS.
Thepublic typically obtains its cash from banks by withdrawing cash from automatedteller machines (ATMs) or by cashing checks. The amount of cash that the publicholds varies seasonally, by the day of the month, and even by the day of theweek. For example, people demand a large amount of cash for shopping andvacations during the year-end holiday season. Also, people typically withdrawcash at ATMs over the weekend, so there is more cash in circulation on Mondaythan on Friday.
To meetthe demands of their customers, banks get cash from Federal Reserve Banks. Mostmedium- and large-sized banks maintain reserve accounts at one of the 12regional Federal Reserve Banks, and they pay for the cash they get from the Fedby having those accounts debited. Some smaller banks maintain their requiredreserves at larger, "correspondent," banks. The smaller banks getcash through the correspondent banks, which charge a fee for the service. Thelarger banks get currency from the Fed and pass it on to the smaller banks.
When the public's demand for cashdeclines—after the holiday season, for example—banks find they have more cashthan they need and they deposit the excess at the Fed. Because banks pay theFed for cash by having their reserve accounts debited, the level of reserves inthe nation's banking system drops when the public's demand for cash rises;similarly, the level rises again when the public's demand for cash subsides andbanks ship cash back to the Fed. The Fed offsets variations in the public'sdemand for cash that could introduce volatility into credit markets byimplementing open market operations.
Maintaining a Cash Inventory Each of the 12 Federal Reserve Banks keeps an inventory of cashon hand to meet the needs of the depository institutions in its District.Extended custodial inventory sites in several continents promote the use ofU.S. currency internationally, improve the collection of information oncurrency flows, and help local banks meet the public's demand for U.S.currency. Additions to that supply come directly from the two divisions of theTreasury Department that produce the cash:
OK WELL I HOPE THAT EXPLAINS WHERE ITS COMING FROM.
Now when banks, currency brokers, non-affiliated bank brokers, affiliated bank brokers, cash conversion payment centers, international currency converters. Convert money from on currency to another, they have to have enough in reserve to supply their demand. Most Banks will have that, if they don't, they turn to the Federal window for a credit from their account.
Now remember I said BANKS.
All of the rest have to have a NTFC rating. Now this is where it gets a little confusing, but i will break it down.
If you bought your DINARS from a currency broker, and his specialty is all tradable currencies, he probably has a certain amount in reserve to cover that days transactions, lets say for shit and giggles say $1,000,000 dollars
Now if he traded DINARS for DOLLARS, he has to have a purchasing agreement with his bank to purchase a certain daily amount, The bank has to have a CLEARING HOUSE OR THE FEDS, to buy them at that days rate. Now he needs to replenish his dollars back. Oh but wait, how do we know if their real, i mean those dinars, the CLEARING HOUSE OR FEDS, need to verify, they cant just take his word for it. So 24 to 48 hours later he gets credited thru the bank for the
$1,000,000.00 dollars. Not so bad after all, but what does he do in the mean time that he has to wait 24 to 48 hours. Well this lucky company has an OPEN EQUITY WAREHOUSE LINE OF CREDIT for $2,000,000.00
To open a OPEN EQUITY WAREHOUSE LINE. You need to have established a pretty good credit history with your bank or with your clearing house.
so if you line of credit is 2,000,000.00 dollars, you need to prove $4,000,000.00 in liquidable assets. Not hard to prove for this company, life goes on. hurray
NEXT EXAMPLE
Currency broker has 10,000 customers, DINARS REVALUE, 10,000 phone calls in 48 hours hit this broker, they want to exchange. Dinar is at $2.12 cents
broker only has 3 offices, he can only schedule 100 a day per office = 300 a day, average customer is holding $1,000,000.00 = $2,120,000.00 x 300 = 6,360,000,000.00 BILLION
and this goes on for 33 days, assuming the price doesn't fluctuate. Now most of this money more than likely will be in banking credit, which means no true physical money will be deposited but it is still money, and there are those who are going to want cash. But the biggest questions is. DRUMROLL
HOW DOES HE OPEN A EQUITY LINE OF CREDIT FOR 6 BILLION DOLLARS IN A GLOBAL RESESSIVE CREDIT LIQUIDITY CRUNCHED ENVIROMENT. AND WHERE DID HE GET HIS 12 BILLION DOLLAR LIQUID ASSET TO COVER HIS LINE OF CREDIT. WOW THATS ALOT OF ZER000000000S
Now the bank calls on the 3 day and says, hey dude i am having an extremely hard time dropping all these dinars on the clearing house, matter of fact they cant find enough outside investment portfolios to absorb this load, theres no hedge market, and we cant convert them into TRADABLE FOREIGN CURRENCY T-BILLS, there isn't a market this rapid for them. So i am going to have to charge you a higher spread, until we can drop them off either on the FEDS or a foreign Investment house.
My biggest concern is where did his money come from, who allowed him in this market to have a 6 billion dollar credit line. What protects that credit line. Thats the Million dollar question.
Earth to Rudy, Earth to Rudy, Oh i'm sorry I must have been dreaming.
BACK TO REALITY
The United States economy is in a double dip recession, credit markets are hurting, there is a liquidity crunch, employment is at a stand still, and i can go on forever, but i wont.
Banks that do have money are hoarding it like thieves, they don't want to lend. they know where this market is at and there hoping to make their balance sheets good come dec, 31
Lets assume that this broker is selling to the bank and the bank is selling to the feds, well let me rain on your parade, the feds are not in the business of buying all this foreign currency just to make you happy. there is a process, and there is an end buyer, but in between there are middle men, and currency clearing houses. you cant just bundle up 6 billion dollars in dinars every day and fly them out of the country to iraq, then get an overseas credit for 6 billion back into your account, without BASEL, SWITZERLAND putting up a red flag. "Hey wait on here, could there be some laundering of illicit cash going on here, lets investigate, hey who sits on the board of that private bank in the middle east, wasn't he on our watch list". bada bing,
Not that i don't trust our federal government, but with this patriot act, and this baselIII its not as easy anymore. well at least i hope not
But let me refresh your memory
I walk in, hand over my money 3.5 million dinars at 2.12 = $7,420,000.000 and in 2 hours there is a ledger transfer from their bank to my bank, wow what a coincidence, we bank at the same bank. i like this
Im a millionaire, now let me run naked in my backyard with a stoogie in my hand and a pair of cowboy boots, and a beer, i can do that, its my house and i am a millionaire.
rudy wake up, wasn't it just the other day you tried to get $13,254.65 in cash from your bank account and it took like 2 hours to get an approval, and they said, " we are so sorry sir, but federal banking regulations state anything over $10,000.00 requires an approval."
so i walk in with 3.5 and get 7.4 million and last year i claimed 123,000 dollars. " well Mr. Coenen, thats a very significant increase, let's figure out where this came from," do you see the picture i am painting for you.
currency spreads in the international market are very tight, with exotic currencies the difference might be 1 to 2 pennies, wouldn't you rather go to your bank, and fill out all the forms required, wait your 3-5 days while your currency gets verified, the local, state and federal authorities have cleared you and you walk away, feeling ok, i made a lot of money, but now im don't have to worry, and i can freely spend it any way i like.
i have heard so many ideas, on how to avoid taxes, that if i had a dollar for each one, i wouldn't need my dinars.
Now if you go to your bank, and you are going to deposit 5 million dollars, i promise, they will have a wealth of smart people willing to guide you into retirement, asset protection, and a plurality of instruments that will be at your disposal.
this world has changed, with the new banking laws, and with all this transparency that is being required from every financial institution, government worldwide.
Please don't do the wrong thing, take the time, listen to yourself, look around. protect this once in the lifetime opportunity
I only tell you this, because i have seen people lose all of there saving just trying to save a few dollars, they get the wrong information, it sounds good, and then it blows up in their face, HELLO LETS ALL SING TO BERNIE MADOFF, OH LETS NOT HE'S IN JAIL.
To end this, i am not suggesting anything just informing, do what you feel you need to do.
i found myself in a happy mood so i joked around a little bit, i hope you had fun reading this and you learned something. i hope it opens a forum of questions and discussions.
Rudolph
Hello Everyone:
I hope all find themselves and family in good health, and with patience the blessing will bring prosperity. Thank You for taking the time to read this, i am privileged to have your presence.
In the last 3 days i have received hundred's of calls, i have tried to answer as many as possible, i promise i will get back to those who have left messages, none will be forgotten, and all will be answered
I have had the honor to make a lot of friends and to have spoken to the nicest people i have met over the phone.
But there is a growing concern that has been very prevalent in all these conversations, the concern has been over CASHING IN.
This is a touchy subject but i am going to try to approach it with white gloves, i do not want anyone to get offended, i just believe that truth needs to prevail, and questions need to be asked, and they need to be answered with competent information
not assumptions or just guided by blind faith. You need to walk into this with assurance.
Now we all know this is going to RV, so the sooner, and i truly mean that, everybody must be prepared.
I consider myself an educated person, but i don't know everything, so i have always surrounded myself with people who are much smarter, i have always hired for there ability to reason, perform, act upon, organize, and execute, 10 times quicker and better than me.
This has carried me far in life, and has aloud me to accomplish much, i have to thank those who helped me reach places i could not have reached on my own, and i accept that, i know my weaknesses and i know my strenghts. Typing and grammar is a huge weakness, but don't tell anyone LOL.
So given that, i expect all of you to do the same, its never hurt me, its only and always been a blessing.
OK LETS GET STARTED
want you to read this it is short but allows you to understand what happens behind the scenes when cashing in your DINARS.
Thepublic typically obtains its cash from banks by withdrawing cash from automatedteller machines (ATMs) or by cashing checks. The amount of cash that the publicholds varies seasonally, by the day of the month, and even by the day of theweek. For example, people demand a large amount of cash for shopping andvacations during the year-end holiday season. Also, people typically withdrawcash at ATMs over the weekend, so there is more cash in circulation on Mondaythan on Friday.
To meetthe demands of their customers, banks get cash from Federal Reserve Banks. Mostmedium- and large-sized banks maintain reserve accounts at one of the 12regional Federal Reserve Banks, and they pay for the cash they get from the Fedby having those accounts debited. Some smaller banks maintain their requiredreserves at larger, "correspondent," banks. The smaller banks getcash through the correspondent banks, which charge a fee for the service. Thelarger banks get currency from the Fed and pass it on to the smaller banks.
When the public's demand for cashdeclines—after the holiday season, for example—banks find they have more cashthan they need and they deposit the excess at the Fed. Because banks pay theFed for cash by having their reserve accounts debited, the level of reserves inthe nation's banking system drops when the public's demand for cash rises;similarly, the level rises again when the public's demand for cash subsides andbanks ship cash back to the Fed. The Fed offsets variations in the public'sdemand for cash that could introduce volatility into credit markets byimplementing open market operations.
Maintaining a Cash Inventory Each of the 12 Federal Reserve Banks keeps an inventory of cashon hand to meet the needs of the depository institutions in its District.Extended custodial inventory sites in several continents promote the use ofU.S. currency internationally, improve the collection of information oncurrency flows, and help local banks meet the public's demand for U.S.currency. Additions to that supply come directly from the two divisions of theTreasury Department that produce the cash:
OK WELL I HOPE THAT EXPLAINS WHERE ITS COMING FROM.
Now when banks, currency brokers, non-affiliated bank brokers, affiliated bank brokers, cash conversion payment centers, international currency converters. Convert money from on currency to another, they have to have enough in reserve to supply their demand. Most Banks will have that, if they don't, they turn to the Federal window for a credit from their account.
Now remember I said BANKS.
All of the rest have to have a NTFC rating. Now this is where it gets a little confusing, but i will break it down.
If you bought your DINARS from a currency broker, and his specialty is all tradable currencies, he probably has a certain amount in reserve to cover that days transactions, lets say for shit and giggles say $1,000,000 dollars
Now if he traded DINARS for DOLLARS, he has to have a purchasing agreement with his bank to purchase a certain daily amount, The bank has to have a CLEARING HOUSE OR THE FEDS, to buy them at that days rate. Now he needs to replenish his dollars back. Oh but wait, how do we know if their real, i mean those dinars, the CLEARING HOUSE OR FEDS, need to verify, they cant just take his word for it. So 24 to 48 hours later he gets credited thru the bank for the
$1,000,000.00 dollars. Not so bad after all, but what does he do in the mean time that he has to wait 24 to 48 hours. Well this lucky company has an OPEN EQUITY WAREHOUSE LINE OF CREDIT for $2,000,000.00
To open a OPEN EQUITY WAREHOUSE LINE. You need to have established a pretty good credit history with your bank or with your clearing house.
so if you line of credit is 2,000,000.00 dollars, you need to prove $4,000,000.00 in liquidable assets. Not hard to prove for this company, life goes on. hurray
NEXT EXAMPLE
Currency broker has 10,000 customers, DINARS REVALUE, 10,000 phone calls in 48 hours hit this broker, they want to exchange. Dinar is at $2.12 cents
broker only has 3 offices, he can only schedule 100 a day per office = 300 a day, average customer is holding $1,000,000.00 = $2,120,000.00 x 300 = 6,360,000,000.00 BILLION
and this goes on for 33 days, assuming the price doesn't fluctuate. Now most of this money more than likely will be in banking credit, which means no true physical money will be deposited but it is still money, and there are those who are going to want cash. But the biggest questions is. DRUMROLL
HOW DOES HE OPEN A EQUITY LINE OF CREDIT FOR 6 BILLION DOLLARS IN A GLOBAL RESESSIVE CREDIT LIQUIDITY CRUNCHED ENVIROMENT. AND WHERE DID HE GET HIS 12 BILLION DOLLAR LIQUID ASSET TO COVER HIS LINE OF CREDIT. WOW THATS ALOT OF ZER000000000S
Now the bank calls on the 3 day and says, hey dude i am having an extremely hard time dropping all these dinars on the clearing house, matter of fact they cant find enough outside investment portfolios to absorb this load, theres no hedge market, and we cant convert them into TRADABLE FOREIGN CURRENCY T-BILLS, there isn't a market this rapid for them. So i am going to have to charge you a higher spread, until we can drop them off either on the FEDS or a foreign Investment house.
My biggest concern is where did his money come from, who allowed him in this market to have a 6 billion dollar credit line. What protects that credit line. Thats the Million dollar question.
Earth to Rudy, Earth to Rudy, Oh i'm sorry I must have been dreaming.
BACK TO REALITY
The United States economy is in a double dip recession, credit markets are hurting, there is a liquidity crunch, employment is at a stand still, and i can go on forever, but i wont.
Banks that do have money are hoarding it like thieves, they don't want to lend. they know where this market is at and there hoping to make their balance sheets good come dec, 31
Lets assume that this broker is selling to the bank and the bank is selling to the feds, well let me rain on your parade, the feds are not in the business of buying all this foreign currency just to make you happy. there is a process, and there is an end buyer, but in between there are middle men, and currency clearing houses. you cant just bundle up 6 billion dollars in dinars every day and fly them out of the country to iraq, then get an overseas credit for 6 billion back into your account, without BASEL, SWITZERLAND putting up a red flag. "Hey wait on here, could there be some laundering of illicit cash going on here, lets investigate, hey who sits on the board of that private bank in the middle east, wasn't he on our watch list". bada bing,
Not that i don't trust our federal government, but with this patriot act, and this baselIII its not as easy anymore. well at least i hope not
But let me refresh your memory
I walk in, hand over my money 3.5 million dinars at 2.12 = $7,420,000.000 and in 2 hours there is a ledger transfer from their bank to my bank, wow what a coincidence, we bank at the same bank. i like this
Im a millionaire, now let me run naked in my backyard with a stoogie in my hand and a pair of cowboy boots, and a beer, i can do that, its my house and i am a millionaire.
rudy wake up, wasn't it just the other day you tried to get $13,254.65 in cash from your bank account and it took like 2 hours to get an approval, and they said, " we are so sorry sir, but federal banking regulations state anything over $10,000.00 requires an approval."
so i walk in with 3.5 and get 7.4 million and last year i claimed 123,000 dollars. " well Mr. Coenen, thats a very significant increase, let's figure out where this came from," do you see the picture i am painting for you.
currency spreads in the international market are very tight, with exotic currencies the difference might be 1 to 2 pennies, wouldn't you rather go to your bank, and fill out all the forms required, wait your 3-5 days while your currency gets verified, the local, state and federal authorities have cleared you and you walk away, feeling ok, i made a lot of money, but now im don't have to worry, and i can freely spend it any way i like.
i have heard so many ideas, on how to avoid taxes, that if i had a dollar for each one, i wouldn't need my dinars.
Now if you go to your bank, and you are going to deposit 5 million dollars, i promise, they will have a wealth of smart people willing to guide you into retirement, asset protection, and a plurality of instruments that will be at your disposal.
this world has changed, with the new banking laws, and with all this transparency that is being required from every financial institution, government worldwide.
Please don't do the wrong thing, take the time, listen to yourself, look around. protect this once in the lifetime opportunity
I only tell you this, because i have seen people lose all of there saving just trying to save a few dollars, they get the wrong information, it sounds good, and then it blows up in their face, HELLO LETS ALL SING TO BERNIE MADOFF, OH LETS NOT HE'S IN JAIL.
To end this, i am not suggesting anything just informing, do what you feel you need to do.
i found myself in a happy mood so i joked around a little bit, i hope you had fun reading this and you learned something. i hope it opens a forum of questions and discussions.
Rudolph
