My Ladies, Nova and Friends Chat Today: “This Is For The History Books For Sure!”
[9:20 AM] PrincessDD: Greece‘s economic nightmare is worse than the US’ Great Depression
Read more: http://www.businessinsider.com/greeces-depression-worse-great-depression-2015-5#ixzz3bXNzhy3b
[9:23:41 AM] Princess DD: Sounds like they are collapsing already.
Stocks lower as Street weighs data, Greece; transports continue declinehttp://www.cnbc.com/id/102717075
Only Greece can end its ‘Groundhog Day’ http://www.iol.co.za/business/opinion/only-greece-can-end-its-groundhog-day-1.1865104#.VWh3xbzL9z0
….
http://www.cnbc.com/id/102716755
[9:34 AM]PrincessDD: Mary doesnt it seem like Greece is already defaulting if it is worse than the US great depression?
I think I saw an article from a few days ago where the IMF says they wont give them money again.
I hope they know how to pull a rabbit out of a hat.
[9:36 AM] Princess DD: <<< Sounds like they are too far gone at this stage
MY LADIES: WELL THE THING WE NEED TO WATCH IS HOW IT HAPPENS…REMEMBER THE WHOLS SYSTEM IS ELECTRONIC SO IF A PAYMENT IS NOT ENTERED BEFORE THE DEFAULT DATE THE SYSTEM WILL AUTOMATICALLY SHUT DOWN AND THE DOMINOS START TO FALL’
YOU KNOW IT’S LIKE YOUR DEBIT CARD…ALL PURCHASES ARE ELECTRONIC RIGHT SO IF YOU SPEND MORE THAN YOU HAVE THE TRANSACTION IS DECLINED AND YOU ACCT IS NOW OVERDRAWN .
SO SAME SYSTEM FOR COUNTRIES AND CENTRAL BANKING SYSTEMS …ONLY WAY WAY WAY BIGGER.
PrincessDD: ahh that makes sense. So they have to do it before June 5th? So next Friday as we talked about on the call last night
MY LADIES: EXACTLY AND THAT’S WHY JACK LEW IS CONCERNED ABOUT AN ACCIDENT. THAT THE NUMBERS WILL NOT BE CALCULATED CORRECTLY OR TIMELY AND AN ACCIDENTAL DEFAULT WILL HAPPEN.
[9:43 AM} PrincessDD: Macquarie Sees Ticking Bomb for India as Restructured Loans Fail
[ 9:44 AM] RR: Could India be one of those dominoes?
{9:4 AM] PrincessDD: More on the accident
U.S. warns G7 of global economy ‘accident’ without Greece deal
http://www.reuters.com/article/2015/05/29/us-eurozone-greece-idUSKBN0OE1R620150529
Why Europe can’t let Greek economy crumble: Don Pittis
http://www.cbc.ca/news/business/why-europe-can-t-let-greek-economy-crumble-don-pittis-1.3089249
Greece slides back into recession, data confirm
http://www.marketwatch.com/story/greece-slides-back-into-recession-data-confirm-2015-05-29
UPDATE 1-U.S. Lew urges broad deal on Greece now, focus on details later
http://www.reuters.com/article/2015/05/29/g7-summit-usa-greece-idUSL1N0YK0MM20150529
Greece Creditors at G-7 Say Budget Is Red Line as Payment Looms
https://www.bloomberg.com/news/articles/2015-05-28/imf-said-to-hold-firm-on-greek-reforms-as-g-7-delegates-meet
US Treasury Secretary Jack Lew urges broad deal on Greece now (different source)
http://economictimes.indiatimes.com/articleshow/47472159.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[11:10 AM] MY LADIES: THESE ARE OUTSTANDING ARTICLES, ESPECIALLY FROM CHINA, NOVA AND I ARE WATCHING THE ROOM WAITING ON A REACTION,
DOES ANY ONE HERE KNOW WHY THESE ARTICLES ARE FANTASTIC?
HOW ABOUT DID ANYONE CATCH THE ANNOUNCEMENT THAT WAS MADE?
DOES ANYONE KNOW WHY TODAY IS A HISTORIC DAY AND IT’S TAKING PLACE RIGHT IN FRONT OF US??
[11:10 AM] Joey: Yes, the fall and currency reset
[11:11 AM] JP: China has been welcomed into the SDR basket and thus the new banking system has begun.The game has kick off.
MY LADIES: JP (*) BUT WHAT ELSE??
JOEY SO FAR NOTHING HAS FALLEN BUT THEY ARE CLOSE
[11:13 AM] MY LADIES : YES BUT WHAT HAPPENED IN CHINA TODAY??? OK WELL I’M NOT GOING TO TAKE NOVA’S THUNDER, HE WILL MAKING A POST SOON ENOUGH..THIS IS AN EXCITING DAY AND ONE THAT WILL BE IN THE HISTORY BOOKS FOR SURE!
[11:16 AM] JP: This makes the present very dangerous! Both for the banking system and for people’s financial future. What you and Nova spoke of happening in months on the CC a few days ago now has been accelerated two weeks and days. China is now the leader of the global economy. That fact alone will start the ripple effect that will change exchange rates including the one we hold!
[11:19 AM] MY LADIES: JP YES THAT IS PART OF IT BUT YOU FOLKS ARE MISSING THE BIGGEST EVENT EVER IN CHINA’S HISTORY TO HAPPEN….GO READ THE ARTICLES…READ..IT DOES A MIND GOOD…LOL..
[11:20 AM] RR: G7 welcomes Chinese renminbi to join IMF’s SDR basket
[11:20 M] MY LADIES: BE BACK LATER…AND HOPEFULLY EVERYONE REALIZES WHAT HAPPENED IN CHINA TODAY…RICH…YES THAT’S A SMALL PART OF IT.
[11:33 AM] Farhad: “Now, China has entered an era of mutual market access, rolling out pilot schemes such as the Shanghai-Hong Kong stock connector as it shows determination to have its currency included in the International Monetary Fund’s SDR.”
http://www.reuters.com/article/2015/05/28/markets-offshore-yuan-idUSL3N0YI2WK20150528
[11:43 AM] Barvic: Good Morning !!! Holy C*** !!!
“German Finance Minister Wolfgang Schaeuble said on Friday that finance ministers and central bank chiefs from the G7 countries welcomed the inclusion of the Chinese currency renminbi in International Monetary Fund’s Special Drawing Rights “
You’re right ML !!! Historical day indeed for the Chinese
[11:44 AM] RR : Farhad’s article also shows they are making the renminbi freely tradeable.
[11:47 AM] IQD NOVA: YOU GOT IT FARHAD!!! LOOK THIS DOES NOT NEED TO BE A LONG POST!!!
WHAT HAS A COMMUNIST COUNTRY JUST DONE??????
AND WHAT DID THE G7 JUST SAY??????
PEOPLE IF THERE IS A TIME TO RUN NAKED DOWN THE STREET ITS NOW!!!
G7 SAYS WE NEED YOU CHINA!!!
CHINA SAYING HEY ALL YOU LITTLE PEOPLE YOU ARE FREE TO DO WHAT EVER YOU WANT WITH THE RENMINBI. GO FORTH AND TRADE IT!!!!
Ok LOTS MORE BUT ITS JUST DETAILS. NOW GO FORTH AND RUN!!!!
[11:53 AM] IQD NOVA: OK ONE MORE THING. LOOK AT HOW FAST THE INFO IS FLOWING FROM THE IMF’S STATEMENT ON TUESDAY!!!!
[11:56 AM] Farhad: It is amply clear that these are not random events but part of a well-planned process to get RMB in SDR, US will not be allowed to drag it out….! The train left the “station”.
[11:57 AM] PrincessDD: So what can we expect now at where we are?
[12:07 PM] MY LADIES: OK IT’S AFTER 1 SO I CAN ADD SOME COCNUT RUM TO THE COCONUT WATER…LOL..
SO YOU SEE A COMMUNIST COUNTRY JUST TURNED THEIR PEOPLE AND THEIR CURRENCY FREE….GO BUY STUFF, GO TRADE STUFF, GO MAKE BUSINESS!!!
THIS IS FOR THE HISTORY BOOKS FOR SURE!!
AND THE ANNOUNCEMENT WE THOUGHT WOULD COME IN OCTOBER, JUST CAME TODAY…
NOW CURRENCY UP…WE WAIT FOR DEBT TO GO DOWN…
HANG ON TIGHT FOLKS THINGS JUST GOT VERY VERY REAL!!!
MY LADIES: ONE MORE THING….NOW THIS IS THE START LIKE WE TALKED ABOUT WED, NIGHT. KEEP YOUR FEET PLANTED, BUT THIS ANNOUNCEMENT IS HUGE NEWS…
THERE WILL BE A RIPPLE EFFECT COMING FROM THIS BY MONDAY WE WILL BE ABLE TO SEE WHAT CHINA IS LOOKING LIKE.
THEY DO THESE ANNOUNCEMENTS ON PURPOSE AT THE CLOSE OF BUSINESS ON A FRIDAY I THINK…LOL…
WE WILL HAVE A VERY INTERWESTING WEEK TO COME FOR SURE. PRINCESS GOOD WORK, KEEP YOUR LITTLE EYEBALLS OPEN HEADLINES THAT SAY WOW!!
ALRIGHT I’M BACK OUT TO THE SUN…ENJOY
NOVA I’M ON MY CELL IN CASE OF ANYTHING
[12:21 PM] RR: If Dinarland only knew what we are seeing now…
[12:27] Bandito ‘Rox: G7 agrees to have yuan in IMF’s major league
http://www.scmp.com/business/global-economy/article/1813109/g7-agrees-have-yuan-imfs-major-league
