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Friday, April 22, 2016

WingIt: (Late Thursday Night:) Some highlights from the CC Thursday Night, 22 APRIL

WingIt:  (Late Thursday Night:)

Some highlights from the CC Thursday Night:

Mally:  DIZZY: CALCULATIONS COMPARED TO THE DOLLAR--YUAN COMES OUT HIGHER--BONDS DENOMINATED IN DOLLARS BEING CONVERTED WILL BRING PRICES DOWN AND PARITY WILL NOT TAKE BUT A COUPLE OF WEEKS. REVAL OF ALL THESE OTHER CURRENCIES WILL OCCUR VERY SPEEDILY.

DIZZY: LET'S WAIT TO SEE WHAT HAPPENS TOMORROW. WE WILL KNOW WITHIN THE NEXT 24 HOURS. THE MARKETS WILL TELL US.

DIZZY: WHEN YOU WAKE UP IN THE MORNING AND YOU SEE THE MARKETS, YOU WILL KNOW IF CHINA ACTUALLY LET THINGS "HAPPEN"

SONGBIRD: ON ONE CALL, THEY SAID IF YOU HAVE ZIM, YOU WILL HAVE 5 DAYS TO EXCHANGE YOUR ZIM. IF YOU DO NOT GET IN WITHIN 5 DAYS, YOU WILL BE LEFT OUT. IS THIS CORRECT?

DIZZY: THESE SHORT TIMELINES ARE A LOT OF HYPE, IMO. THE BANKS WANT YOU TO BE ABLE TO EXCHANGE. BECAUSE THERE WERE SO MANY PRINTED,

THE CENTRAL BANK OF ZIMBABWE MAY LIMIT THE AMOUNTS THAT WILL BE PAID ON THEIR ZIM. ONCE THEY HIT THEIR LIMIT,

THEY WILL PROBABLY HIT THEIR LIMIT OF HIGH RATES WITHIN 7 - 10 DAYS. THEY CAN THEN SAY THAT THEY WILL NO LONGER ACCEPT THAT CURRENCY GOING FORWARD. .

THAT IS WHY THE BANK WILL ASK YOU IF YOU HAVE ZIM. THE BANKS WANT YOU IN THEIR TO EXCHANGE YOUR ZIM AS FAST AS POSSIBLE.

DIZZY: IF IT IS TRULY A BOND REDEMPTION, THEN THE WINDOW TO EXCHANGE WILL BE LONGER.

MALE CALLER: WITH CHINA HAVING 5% OF THE CURRENCY IN THE WORLD ECONOMY AND US HAVING 80% OF THE CURRENCY IN THE WORLD ECONOMY, THEY PURCHASED MOST OF OUR LAND WITH CONTERFEIT MONEY. WHAT DO YOU THINK THIS WILL BE A SPEEDY PROCESS.

DIZZY: PROCESS ACTUALLY STARTED IN 1999. YOU ARE CORRECT THAT THEY ONLY HAVE 5%. UNTIL THEY HAD THE GOLD "FIXING", THEY COULD NOT BE A RESERVE CURRENCY.

MALE CALLER: AT EVEN A 5 - 6% RATIOS COMPARES TO OUR 80%, THEY CANNOT SHUT THE DOLLAR OFF COMPLETELY.

DIZZY: AN ARTICLE CAME OUT LAST WEEK-END THAT TOTALLY ACKNOWLEDGED THAT. I THINK IT WAS A PLANTED ARTICLE TO SCARE THE GAGEEEEBERS OUT OF EVERYONE. IT WAS VERY CLEVERLY DONE. WE GET PEOPLE LOOKING IN THE WRONG DIRECTION.

DIZZY: I TRY TO FIGURE OUT WHERE THE MISINFORMATION CAME FROM. IMO IT CAME FROM THE PBOC; I THINK IS WAS DONE ON PURPOSE TO MAKE US LOOK IN THE WRONG DIRECTION.

DIZZY: THEY ARE TRYING TO MOTIVATE OTHERS THROUGH FEAR.

DIZZY: DISCUSSING HOW COUNTRIES COUNTERFEIT OTHER COUNTRIES CURRENCIES. DEFINITION OF COUNTERFEITING DEPENDS ON WHO IS ACTUALLY DOING THE COUNTERFEITING.

CALLER SAID THAT SHE GETS HER ASTHMA MEDS FROM CANADA. CC GOES THROUGH CHINA. THEY REFUSED TO PROCESS HER CC THROUGH CHINA. BANK IN CHINA WILL ACCEPT CANADIAN MONEY, BUT TURNED DOWN HER US CC

NANCY: THEY SAID THAT THAT WOULD HAPPEN AT THE VERY END.

DIZZY: THAT MEANS THAT IT IS STARTING. SUCH A GREY AREA FOR US TO BE ABLE TO FIGURE IT OUT. THEY DO NOT WANT A PANIC. THERE IS NOT "OFFICIAL" STMT FROM PBOC THAT THEY ARE NOT ACCEPTING DOLLARS. WE WILL HAVE TO WAIT AND SEE IF THIS TRANSLATES TO STOCKS AND BONDS IN THE MARKET.

DIZZY: IF THEY DO IT WITH THE STOCK AND BONDS MARKET, THAT WILL BE HUGE. THE PBOC WILL NOT MAKE A FORMAL ANNOUNCEMENT.

DIZZY: YOU WOULD NEED TO SPEAK CHINESE FLUENTLY, YOU WILL NOT BE ABLE TO FULLY UNDERSTAND EVERYTHING THAT IS BEING SAID.

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