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Saturday, October 17, 2015

S3A CHAT UPDATE, 17 OCT

Stage3Alpha:

Beny:  DO YOU REMEMBERED ABOUT BAD NEWS PEOPLE? LOL

CHINA WON'T JOIN IMF RESERVE BASKET UNTIL SEPTEMBER 2016
Click on the link and see it with yourself.....

AND THE BAD NEWS IS NOT STOPPING HERE.

REMEMBERED MY LAST POSTING?

KEEP THE FAITH.....KEEP THE FAITH....KEEP THE FAITH.

HINT, HINT, HINT, HINT, HINT, HINT, HINT, HINT, HINT, HINT,
....
************

RickW:  So China is holding out to join the IMF? Which may mean they are circumventing the "system" by creating their own, getting other countries to join, thereby possibly making the IMF obsolete?

Why is this bad news?

EXOGEN:  CHINA IS NOT TRYING IT IS ALREADY LIVE NOW!!!!!!!!!!!

D.K.C.: I think it is then VERY good News for us all if China is already live and has already bypassed the IMF-VERY GOOD NEWS!!!

Ranger4564: DKC- Agreed, and it is true. The world has setup and activated their parallel systems, and that means the US can't intimidate / black mail the world as they have been for so long.

Too bad so many nations decided to stay with NATO, they were supposed to leave, but Germany, France, and Turkey all chickened out, and now, they've got egg on their face, and will get no favors from the rest, which is precisely why Russia is giving the finger to France about the Mistral... they're saying you can keep your Mistrals, cowards.

But in fairness, Germany, France and Turkey could not just walk away without the promise of Russian and Chinese military actions, which were delayed significantly.

Iraq, Syria, and all of Europe, all of the world, was waiting for China and Russia to display their intentions to use military force if necessary. Now, we know, look at Syria, soon Iraq, soon Turkey, etc. NATO will hopefully disappear soon.

************

Mac: What are you saying Beny?Are we set to go or no?

Beny: NOT YET MAC. YOU SHOULD BE DANCING RIGHT NOW...LOL

Mac:  I've got my tap shoes just about laced up Beny

Beny: HOLD YOUR HORSES, THE RACE IS NEAR...LOL

Mac: You think we will be riding the Horse by Halloween?

Beny: The question is HOW STRONG IS YOUR FAITH?

Mac:  It's very strong Beny. What are you hinting at?

Beny:  Something Big is about to happen between today or tomorrow. Just stay still, You'll remember my words.

************

EXOGEN October 17, 2015   JOINT COMPREHENSIVE PLAN OF ACTION.

it was reached on July 14th. A nuclear agreement between the United States, 7 nations which is a historic agreement with Iran. Sanctions being lifted including agreement with Russia and China.

Iran and PS+1 are in agreement. The JCPOA imposes some restrictions on Irans nuclear program in exchange for removal of illegal anit-Iran sanctions.

Also, AEOI chief, EU will announce lifting of anti-Iran sanctions also On Monday!

Ringmaster >  So Exo, I take it that once the sanctions are confirmed and lifted their money will then become internationally traded?

EXOGEN > Ringmaster INTERNATIONAL TRADE IS ONE COMPONENT OF THE BIGGER PUZZLE. IN CONJUNCTION WITH JCPOA & CIPS
KEEP IN MIND THE GLOBAL BANKING & FINANCIAL SYSTEM WAS HIGH JACKED AND ORDER IS NOW BEING RESTORED

CHINA LAUNCHES YUAN-BASED INTERNATIONAL PAYMENT SYSTEM

© REUTERS/ David Gray/Files
Business
20:14 08.10.2015Get short URL
1683130

Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.
 
MOSCOW (Sputnik) – China launched the first phase of its China International Payment System (CIPS) in Shanghai on Thursday, allowing cross-border transactions in the Chinese national currency, the yuan.

CIPS’ first phase provides clearing and settlement services, according to the People’s Bank of China announcement. Its launch is said to remove hurdles to the yuan’s internationalization by reducing transaction costs and processing times.

Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.

The launch bolsters China’s efforts to join the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket. An announcement on the State Council’s website cited SWIFT transaction services data as calling the yuan one of the world’s top five payment currencies last November.

CIPS is vying to overtake SWIFT in the region. Developed and administered by the People’s Bank, the system operates from 9 am to 8 pm Beijing time (01:00-12:00 GMT).

Local media reported that the Beijing-based Industrial and Commercial Bank of China (ICBC), one of the 19 direct CIPS participants, has cleared its first transaction of 35 million yuan ($5.5 million) in Singapore.

Another direct participant, Standard Chartered Bank said it had also cleared its first transaction with the Swedish home furnishing retailer IKEA through CIPS.

Additionally, China has adopted the IMF's Special Data Dissemination Standard (SDDS), a move also seen to further internationalize the yuan

Read more: http://sputniknews.com/business/20151008/1028228289.html#ixzz3o0GKkHSU

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