Monday, April 28, 2014

Jester "More on USD and TRNs" Late Sunday Night

Jester "More on USD and TRNs" Late Sunday Night

04/28/2014

[Jester] HI ALL... HAPPY SUNDAY... HOPE YOU ALL HAD A GREAT DAY...

 [Jester] IF YOU WILL LIKE TO HEAR WHAT I HAVE TO SAY THEN LETS GET TO IT... THOSE THAT ARE NOT HERE WILL HAVE TO CATCH IT IN THE FORUM....

 [Jester] OK... FIRST A REVIEW OF THE WAY MONEY IS CREATED… REMEMBER THE DISCUSSION ON USD AND TRN FROM THE OTHER NIGHT?

 [Jester] IF YOU HAVE NOT READ THAT AND YOU HAVE NO IDEA WHAT I AM TALKING ABOUT THEN SHAME ON YOU...

[Jester] BUT HERE IS THE CLIFF NOTES… THIS IS ACTUALLY PROBABLY THE MOST IMPORTANT PART OF THE WHOLE SCENARIO… UNDERSTANDING THIS IS KEY TO THE WHOLE THING… SO PAY ATTENTION AND MAKE SURE YOU UNDERSTAND…
....
[Jester] REMEMBER THE GOVERNMENT WILL LIKE TO SPEND MONEY ON DUMB STUFF WE DO NOT LIKE TO HAVE… SINCE THEY DO NOT HAVE IT THEY HAVE TO BORROW THE MONEY… THE US TREASURY BORROWS CURRENCY TO PAY FOR THE DUMB STUFF BY ISSUING A BOND… A GLORIFIED IOU… THAT SAYS “LOAN ME A BAZILLION DOLLARS TODAY AND I WILL PAY YOU BACK OVER A 10 YEAR PERIOD WITH INTEREST”…

[Jester] THE BONDS SEEM TO BE A CONVERSATION PIECE IN DINAR LAND THESE DAYS BUT I THINK THEY ARE CONFUSED ABOUT WHAT BONDS ARE IMPORTANT...

 [Jester] FOOTNOTE: YOU MUST UNDERSTAND THAT THE US TREASURY BONDS ARE OUR NATIONAL DEBT… THE BONDS ARE PAID BACK BY YOU AND ME WITH FUTURE TAXES… SO WHEN THEY DO THIS THEY ARE STEALING OUR FUTURE PROSPERITY SO THEY CAN SPEND IT TODAY…

[Jester] YIKES... DID YOU KNOW THAT? SUCKS BEING US...

 [Jester] ANYWAY... NOW THE US TREASURY HAS A BOND AUCTION AND THE WORLD BANKS BUY UP PART OF OUR NATIONAL DEBT AND MAKE A PROFIT BY EARNING INTEREST… HERE IS WHERE COUNTRIES CAN BUY THE BONDS FROM THE BANKS TOO… SO YOU SEE HOW OTHER COUNTRIES CAN BUY OUR DEBT HERE… THEY ARE PART OF THE BANKING SYSTEM…

[Jester] A PROCESS CALLED OPEN MARKET OPERATIONS ALLOW THE BANKS TO SELL SOME OF THE BONDS TO THE FEDERAL RESERVE… BUT WHEN THE FED BUYS THEY BONDS THEY USE A CHECK… THE FED WRITES BOGUS CHECKS TO PAY FOR THEM – THE CHECK SHOULD BOUNCE BECAUSE THERE IS NOTHING IN THE ACCOUNT…

[Jester] HERE IS WHERE THE CURRENCY IS CREATED… WHEN YOU OR I WRITE A CHECK THERE MUST BE FUNDS IN OUR ACCOUNT TO COVER THEM… WHEN THE FED WRITES A CHECK THERE IS NO BANK DEPOSIT ON WHICH THE CHECK IS DRAWN, THEREFORE, IT IS CREATING MONEY OUT OF THIN AIR…

[Jester] THE FED GIVES THE CHECK TO THE BANKS… AND THEY USE THEM TO BUY MORE BONDS AT THE NEXT AUCTION… WAIT… SERIOUSLY?..; THEY JUST PAID NOTHING FOR SOMETHING… THE PROMISE OF FUTURE REPAYMENT… GUESS WHAT… THE MONEY DID NOT REALLY COME FROM THIN AIR… IT CAME FROM THE PROMISE OF FUTURE PAYMENT OF YOUR TAXES… OUCH…

[Jester] THIS ALL MAKING SINCE SO FAR? THIS IS THE BIGGEST SCAM IN HISTORY... AND IT IS ON US!

 [Jester] SO… TO REVIEW… THE TREASURY ISSUES THEIR BONDS… BANKS BUY THE BONDS WITH CURRENCY… THE FED WRITES CHECKS TO THE BANKS TO BUY THE BONDS…SO IN REALITY THE US TREASURY AND THE FEDERAL RESERVE ARE SWAPPING IOU’S… USING THE BANKS AS MIDDLEMAN… AND CREATING MONEY OUT OF THIN AIR… BUT REALLY BY THE PROMISE OF REPAYMENT BY COLLECTING YOUR FUTURE TAXES…

[Jester] THIS IS ALL BY DESIGNED SO THE BANKERS CAN STEAL… ERR… COLLECT INTEREST DURING EVERY STEP OF THIS PROCESS…

[Ted] Jester Would'nt the RV take care of the debt with the Trillions of Dinar the Gov holds????

[Jester] Ted MAYBE... BUT WHAT MAKE YOU THINK THEY HAVE ALL THAT? DO YOU KNOW FOR A FACT?

[Ted] Jester ask George Bush

[Jester] MAYBE YOU SHOULD CONSIDER THAT I MIGHT KNOW SOMETHING... JUST SAYING...

 [Truth] Jester am considering that!

[Jester] OK... WITH THAT BACKGROUND IN MIND… LETS INTRODUCE THE PLAYERS IN THE GAME… THIS WILL BE INTERESTING I THINK...

[Jester] WE HAVE THE FEDERAL RESERVE BANK… THE CORPORATION OWNED BY SHAREHOLDERS GETTING INTEREST ON EVERY DOLLAR EVER INVENTED… I CAN PROVE THAT BUT IT IS A DISCUSSION FOR ANOTHER TIME...

[Jester] WE HAVE THE US TREASURY...

[Jester] YOU HAVE OTHER COUNTRIES THAT HAVE AN INTEREST IN OUR NATIONAL DEBT… MEANING THEY HAVE SOME OF OUR BONDS… WHICH IS MAINLY CHINA AND SOME OTHER BIG BOYS BUT THERE ARE OTHERS TOO…

Jester] AND LAST WE HAVE THE PEEPS… THAT IS YOU AND ME AND ALL OF THE DINAR LAND PEOPLE… PEEPS THAT HAVE A FEW OF THOSE IRAQI DINARS… HAHHAH

[Jester] SO WHAT WILL EVERYONE OF THOSE ON THE LIST LIKE TO HAVE… KEEPING IN MIND THAT THEY WILL NOT ALL GET WHAT THEY LIKE BUT MAYBE IT IS THE BEST THEY CAN DO… REVERSE ORDER THIS TIME…

[Jester] THE PEEPS… THEY WILL LIKE TO GET PAID BIG BUCKS… THEY DO NOT GIVE A RATS BUTT ABOUT ANYTHING OTHER THAN THAT FOR THE MOST PART BUT IT IS WHAT IT IS… THAT IS WHY THEY DID IT AND THEY DON’T CARE ABOUT ANYTHING BUT THE "SHOW ME THE MONEY"…

[Jester] CHINA AND OTHER COUNTRIES… THEY ARE AFTER THE OIL CREDITS… THEY HAVE LITTLE OR NO NATURAL RESOURCES FOR OIL AND THEY WILL LIKE TO HAVE THE CREDITS BECAUSE IT IS A CHEAPER WAY TO GET OIL THAN THE OPEN MARKET…

[Jester] PRETTY SIMPLE CONCEPT THERE.. SUPPLY AND DEMAND AND ALL THAT..

[Jester] THE FEDERAL RESERVE… LET’S FACE IT RIGHT NOW… THEY WILL LIKE FOR EVERYTHING TO STAY THE WAY IT IS… BUT THEY REALIZE CHANGES ARE AFOOT AND ARE TRYING TO MAKE THE BEST OF A SITUATION WITH NO REAL CHOICES… IN OTHER WORDS… THEY REALIZE THEY ARE SCREWED BUT THEY WILL STILL BE ABLE TO DO THE OTHER THINGS THE FED DOES AND MAKE MONEY IF THEY ACT RIGHT… BUT THEY WILL CEASE TO BE THE US CENTRAL BANK OF THE US OVER TIME…

[Jester] THE US TREASURY WILL LIKE TO BE THE ENTITY THEY WERE DESIGNED TO BE… THE REAL MONETARY ARM OF THE GOVERNMENT… PRINTING MONEY BACKED BY ASSETS AND GOLD…AND THEY WILL LIKE THE NATIONAL DEBT PAID OFF… SAY WHAT? READ ON… HAHAHAHAH

[Jester] SO EVERYONE WITH ME SO FAR? THIS ALL MAKE SENSE? ASK NOW OR I AM GOING TO MOVE ON...

[Jester] SO HERE IS A POSSIBLE SCENARIO… THE ONE WHERE EVERYONE ENDS UP HAPPY... WELL... EXCEPT THE BAD GUYS... AND THE BANKERS... BUT THAT IS ANOTHER STORY... HAHAHAH

[Jester] SO... LET'S ASSUME... FIRST.... THE PEEPS AGREE TO SELL THEIR DINAR TO A GROUP… THIS IS NOTHING NEW… EVERYONE SHOULD BE IN A GROUP… IF YOU ARE NOT IN A GROUP THEN YOU WILL NOT GET THE BENEFIT OF THE HIGHER RATES IN THIS SCENARIO… SO ANYWAY… THE PEEPS HAVE A DEAL WITH A GROUP…

[Jester] THE GROUP MAKES A DEAL WITH THE UST TO TRADE THE PEEPS DINAR TO THE UST FOR CASH MONEY… NO BIG DEAL… JUST A CASH OUT TRANSACTION WHERE THE UST TAKES THE CURRENCY AND PAYS YOU…

[Jester] EXCEPT… HMMMM…. WAIT A MINUTE… WHERE DID THEY GET THE MONEY?????

[Jester] SOOOOO… THE US HAS THE CONTRACTS FOR OIL CREDITS… HMMMM... WHAT IF THEY TAKE THE OIL CREDITS AND MONETIZE THEM…. HOW WOULD THAT WORK... LET’S SEE ABOUT THAT…

[Jester] WE TALKED ABOUT THE OIL CREDIT STUFF THE OTHER NIGHT REMEMBER? DO I NEED TO RECAP THAT AGAIN?

[Jester] OK.... SO CHINA AND OTHER COUNTRIES WILL LIKE TO HAVE THOSE OIL CREDITS… WHAT DO THEY HAVE TO PAY FOR THEM… HEY… REMEMBER THE BOND DISCUSSION? THEY HAVE A BUNCH OF BONDS THAT THE FED AND THE US CANNOT PAY FOR SO WHY NOT GET SOME OIL CREDITS INSTEAD…. THAT IS ACTUALLY BETTER THAN MONEY… WORKS FOR EVERYONE…

[Jester] SOOOOO... BET SOME OF YOU ARE SEEING WHERE THIS IS HEADING... HAHAHAHHAH

[Jester] SOOOO… CHINA PONIES UP SOME BONDS… ISSUED BY THE UST… BYPASSING THE FED… AND GETTING THE OIL CREDITS… THE NATIONAL DEBT IS REDUCED BY THE AMOUNT THAT IS EXCHANGED… I AM HOPING THEY CAN DO ENOUGH TO ELIMINATE IT MYSELF… BUT NONE THE LESS IT IS REDUCED…

[Jester] AND IT COULD BE ANY COUNTRY THAT OWNS PART OF THE US DEBT... KEEP THAT IN MIND...

[Jester] I AM FORGETTING SOMETHING...NOT! HAHAHHAHA

[Jester] WAIT A MINUTE… WHERE DID THE MONEY COME FROM TO PAY YOU?... REMEMBER THE DISCUSSION FROM BEFORE? THIS IS SORT OF LIKE THE INITIAL ARRANGEMENT BUT IN REVERSE… THE BONDS HAVE VALUE… 000’S IN THE SYSTEM… SO THEY GIVE YOU THE 000’S IN THE SYSTEM WHERE THEY HAVE CREATED THE CURRENCY IN THE FIRST PLACE…

Jester] EXCEPT… THE 000’S ARE UST TRN’S… THOSE TRN ZERO’S SPRANG INTO EXISTENCE WHEN THE BONDS CAME BACK STRAIGHT TO THE UST FROM COUNTRIES TO PAY FOR THE OIL CREDITS…

[Jester] SAME SCENARIO WE WENT THROUGH TO START WITH IN REVERSE...

[Jester] SOOOOOO… INTERESTNG SCENARIO YES?

[goodtimes] what a great plan..sure hope it carries out that way!

[Betsy Ross] and o takes credit for it

[Jester] Betsy Ross HMMM.... MAYBE... BUT I AM DOUBTING IT...

 [Ted] So simply stated....we need the RV

[LdyFaith] We need a SECURED RV

 [Ted] Jester The US Gov needs the RV

Jester] LdyFaith NOT EXACTLY....

[Jester] Ted NOT EXACTLY

Hannah] Jester Am I imagining this? I thought some months ago, when Jack Lew was "the man of the day", that he somehow managed to get the treasury funded for the exchange.

[Betsy Ross] Jester and does the FED go bye bye ?

[sillycindy] and the irs

[msgwen] Jester We don't need an RV because we already have the oil credits?

[Jester] WHAT WE NEED IS A TRN... THEN IT IS A DONE DEAL FOR THE GROUPS... REMEMBER WHAT I TOLD YOU... NEED TO BE IN A GROUP THAT IS READY TO ROLL WITH THE UST... NOT NECESSARILY AN RV.. JUST SAYING....

[Jester] AS SOON AS THAT TRN IS READY TO ROLL THAT SIGNALS THE UST IS IN CHARGE AND ON THE MOVE...

[Betsy Ross] Jester hmmm

[dinar chaser] Jester How does the rate get set for the IQD? Does the UST pick a number?

[Jester] dinar chaser I DON'T DO RATES... YOU KNOW I KNOW THE ANSWER TO THAT QUESTION BUT I AM NOT GOING THERE IN CHAT...

[msgwen] Jester So what is keeping the TRN from rolling out?

Jester] msgwen TIMING... AND CONTROL OF THE BAD GUYS... THERE IS A TON OF KICKING AND SCREAMING GOING ON AS YOU CAN WELL IMAGINE....

[kristi] Jester: how do the other currencies, ie dong, rupiah and 198 others figure in to this?

[dinar chaser] Jester Aren't the TRNs at the banks already, waiting to be released?

 [oucrazy] Jester. . . what needs to happen for the TRN to be ready? What pieces remain?

[LuckyB] JESTER .. before it was said that they will chop 3 zero's off the back side . is this still in action or has a scenerio changed ?

 [dinar chaser] Jester With the UST looking to take a prominent role in all this, is that why Geitner got the heave ho?

 [dinar chaser] I mean stepped down?

[Jester] LuckyB THAT IS THE PLAN... THEY WILL DO IT...

[BocaLinda] Jester so it could still take some time?

Jester] BocaLinda IT COULD.. BUT I DON'T THINK SO... I BELEIVE IT IS IN THE TIMEFRAME I HAVE PREVIOUSLY DISCUSSED...

[BocaLinda] Jester thx. Then the dreaded LOP?

[LuckyB] becomes 2,500

[Jester] BocaLinda I AM EXPLAINING THE SCENARIO AS I SEE IT... ONLY THAT...

dinar chaser] 25

[Betsy Ross] Jester Do you know how they will explain the TRN to the sheeple?

 [Jester] Betsy Ross THERE ARE PLENTY OF TIMES IN HISTORY THAT DIFFERENT CURRENCIES EXSITED IN THE US.... MAYBE THAT IS A SUJECT FOR TOMORROW...

[LuckyB] 25,000.00=2,500.00

dinar chaser] Wouldn't 25,000 become 25, with the three zeros cut off?

 [BocaLinda] Dinar chaser yes

[LuckyB] linda put the < between the 2 and the 5 the two zero's come back

[Jester] HOPE YOU HAD A NICE TIME TONIGHT... NIGHT NIGHT...

http://www.dinarrecaps.com/1/post/2014/04/jester-more-on-usd-and-trns-late-sunday-night.html

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