Donations Request

DUE TO DELAYED ‘BLOCKED’ RV ----- STILL NEED SURVIVAL FUNDS! Your Donation Support For John’s Family Survival Is $450 URGENTLY REQUIRED by Sunday! Use the Pay pal button on the upper left or Checks/MOs can be mailed to John MacHaffie, 141 Partridge Circle, Winter Springs, FL 32708

Sunday, December 21, 2014

DINAR RELEASE

Sent: Saturday, December 20, 2014 11:11:51 PM
Subject: DINAR RELEASE

TODAY VARIED POST FROM A VARIETY OF RESEARCHERS . FOLKS EVERYWHERE YOU LOOK AND ALL THE DIRECT NEWS ARTICLES MILLIONDAY AND OTHERS BRING US ARE ALL IN AGREEMENT THAT JAN 1 IS THE DAY OF COMPLETION AND IRAQ BECOMING GLOBAL. I AM HEARING FROM GOOD HONEST PEOPLE THAT WE COULD HEAR THE RATE PRIOR TO THAT DEADLINE BEGINNING FROM THE 20TH ON TO THE DEADLINE OF JAN 1 ... MY BLESSING TO ALL OF YOU WE ARE ABOUT TO BECOME THE WINNERS I HAVE BEEN TELLING YOU THAT YOU ARE.
POPPY3

Backdoc - LOOKS LIKE THEY ARE IN A HURRY TO COMPLETE ALL THE LAWS AS THEY SAID IN ONE BASKET!  WITH ALL THE ARTICLES CONFIRMING THAT COUNTERFEITING WAS NOT A SERIOUS PROBLEM AND THAT WE WOULD HAVE AT LEAST 4 YEARS TO EXCHANGE CONFIRMS THE COUNTLESS ARTICLES WE HAVE SEEN IN THE PAST THAT OUR CURRENCY WILL HAVE FACE VALUE!  IN YESTERDAYS ARTICLES THEY ALSO MENTION THAT THE CURRENCY CHANGES WILL OCCUR IN STAGES, SO AS NOT TO DISRUPT THE CURRENCY’S STABILITY AS WELL AS MAKE IT A SMOOTH TRANSITION FOR THE CITIZENS AND BUSINESSES! 
SO I ASK YOU, DOES THAT SOUND LIKE THEY WOULD DO A FREE FLOAT STARTING WITH .10 OR .30?  DEFINITELY NOT!  THIS WOULD DISRUPT BUSINESSES WITH RATES CHANGING MINUTE BY MINUTE AS WELL AS THE INCREDIBLE DAMAGE IT WOULD DO TO THE CURRENCY BY DEVALUING IT BY DESTROYING THE NOTE COUNT!  WE MAY NOT SEE A BIG NUMBER OUT OF THE GATE BUT CERTAINLY OVER A DOLLAR IS RATIONAL TO ENCOURAGE THE CITIZENS TO USE THEIR NEW HIGHER PURCHASING POWER!
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Tlar - Things to consider when thinking about an intro rate. The GCC goes live Jan 1st.  When Iraq becomes an active member in the GCC, the rate of the Iraqi dinar will be instrumental in trade. The budget goes live Jan 1st.  The COM and parliament aren’t arguing or discussing the budget.  They are in agreement on  everything which is why the HCL has also been agreed upon.  Until there is a rate we won’t see the budget passed.  The HCL goes live Jan 1st.  The Kurds and Bagdad have said in articles its done just waiting passage.  ALL the hard issues that have separated them are resolved and it has also been published to go into effect on Jan 1st here in our papers.
Iraq opens for Global business with new laws Jan 1st.  The thing that will bring all this together now is the currency.  The coming announcement eluded to the fact that it would be historic and tie all the economic plans, programs and institutions together.  Name anything else other than the currency that could achieve this effect. Iraq becomes a donor country a year late, Jan 1st.  Other things to consider – The IMF said their work is done in Iraq.  The IMF is the  guardian and sheriff of world currencies.  Iraq will definitely be better served by showing true value verses an arbitrarily low start rate. I think the CBI would be better served starting at this time to open what ever they determine true value is at this point.  The 2008 strategic study suggested they could support $1.13 when they were producing only 1.5 MBPD and the reserves were in the low 30 billion range.  Alot has changed since then.  Even with the present problems in the country I am sure these 2008 numbers no longer apply.  I still believe the reality rate will be north of $3.00.
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Enorrste - Prior to the Saddam Hussein regime, in the early 80s, the dinar was worth $3.22 and it was internationally recognized. When Saddam took over, the currency was no longer recognized internationally.  He held the value at about $3.50 per dinar but it was not “real”.   Then, after he was deposed, the UN reduced the value to 4000 dinars per dollar to “defund” Al-Quaeda.  It has since come up from 4000 to 1 to the now 1166 to 1.  The CBI stated in 2007 that its intention was to return the value to what it was prior to the Saddam regime.  They said it was a 5 year project.  Then in 2010 they re-iterated the plan with the expectation that it would be implemented beginning 2012.  Maliki threw a poker into the “plan” and stopped it.  Now that he is gone the CBI is prepared to implement the plan, which includes an eventual RETURN to a PREVIOUS real rate of at least $3 per dinar.  I don’t make these things up.  I have the original articles…
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Hocus Pocus - [...what's going on in the sandbox?]   i had a nice chat with the barber today…he was talking to his brother in iraq…and seems there is some interesting news being broadcast at fairly often intervals about iraq soon to have a more valuable currency…he seemed to be pretty excited about it.  he told me last week that a lot of the vendors would like to have dinar as payment more that dollars now.  they think something is up to want the dinar more now in anticipation i suppose.  he sure is thinking that things are moving the right direction. Up to now he has been saying yeah whatever.
Tlar - We know the CBI is not waiting on the budget.  They have told us that with or without the budget being passed, they will do this when they feel the time is right.  We also know that laws are important but laws are political and new laws will be being introduced, modified and changed for eternity.  So I don’t believe we are waiting on any law at this point. The HCL has been reported as done as far as everything that was needed to be agreed to by both Bagdad and Erbil, and will be implemented Jan 1st  as has even been reported in our Washington post.  So what’s the hold up?  It is my belief…that there is no hold up.  The CBI IMO has made a strategic decision to open the new rate on or just before the first of next year to be active with the new budget.   They were so close to the new accounting period they decided to wait.
I personally believe and have always believed they would have to make an announcement the evening before the day of, or just hours before they change the currency. This announcement would naturally have to be well publicized in order to remove as much risk as possible vendors taking advantage of the population, so there will build up to this announcement maybe calling it an “historical event” or other catch phrase.  It would have to get everybodies attention.  This was one of Shabibi’s major concerns is vendors taking advantage and on the day the value changed an unwitting Iraqi still paying 1000 dinar for that apple.
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Frank26 - Budget… HCL and many laws … Payments in dinars… Etc all are ready … They only WAIT for implementation!
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Poppy3 - …NO GUARANTEE BUT PAY VERY CLOSE ATTENTION TO THE DATE OF DEC 22 FROM THREE DIFFERENT PEOPLE.  I AM CAUTIOUSLY OPTIMISTIC BECAUSE WHILE KNOW IT IS VERY POSSIBLE WE CAN’T GET TOO EXCITED ABOUT RUMORS EVEN WHEN THEY COME FROM VERY GOOD POSITIONED SOURCES.  I WILL BE VERY SATISFIED WITH HEARING A SOLID RATE AND NOT CASHING IN TILL THE BEGINNING OF JANUARY. I PLACE ZERO ATTENTION TO THE OIL PRICES EFFECTING THE RATE BECAUSE…THE OIL PRICES PER BARREL WHEN SADDAM HAD THE DINAR RATE AT $3.22 WAS JUST @ 31.00 A BARREL.  DOESN’T EFFECT THERE INTRODUCTION MARKET RATE.
I DON’T THINK THERE IS A DATE…I DO BELIEVE THEY HAVE CERTAIN THINGS TO SATISFY THE PERCEPTION OF STABILITY TO THE CBI AND WHEN THEY ARE SATISFIED BAM THEY WILL RELEASE WITHOUT FANFARE OR WARNING. …NO ONE WILL KNOW ANY DEFINITE TIME OR DATE PRIOR TO THE RELEASE PERIOD. THIS IS FACT— LESS THAN 5 PEOPLE IN AMERICA WILL KNOW THE RATE AND DATE ONLY 15 TO 20 MINUTES PRIOR TO IT BEING KNOWN GLOBALLY AND THIS IS FACT PERIODTHESE PEOPLE ARE MEMBERS OF THE TOP MANAGEMENT OF THE UST, IMF AND MINISTER OF FINANCE ALL GOVERNMENT OFFICIALS AND IF THEY ARE CAUGHT LEAKING IT THEY ARE IN HUGE TROUBLE.  THESE PEOPLE DON’T PLAY GAMES.
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Enorrste - …the street rate and official rate must be within 2% of each other PRIOR to allowing Iraq to move from Article XIV to Article VIII.  This is a fundamental pre-requisite to making that move to Article VIII… The fact that the CBI concurs that it is doing what is necessary to get into compliance is also very encouraging.  To me this is an indication that we are “coming down to the wire.”  I do not believe they will be allowed to move to Article VIII prior to completing the 90 days of stable currency.  Having said that, however, I still hold out the very real possibility that they will begin the float prior to moving to Article VIII.  This only makes sense, because, as I noted earlier, once they float the currency then the official rate and the street rate become identical.  I am cautiously hopeful that the float could begin in mid or late January.
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tlm7 - Press Release:  “The Governing Council of the United Nations Compensation Commission, under the Presidency of Australia, held a special session today to consider the issue of the level of Iraq’s contributions to the Compensation Fund.”   Iraq got their wish…they got their one year.   This one year reprieval frees up a ton of dough and takes some of the pressure off of Iraq!  I’ll bet money that Zebari and the gang are like whew now lets get that budget passed.  …it’s great news.
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WMAWhite -
…just a reminder that ALL prohibitions against Iraq and the assets of the Central Bank of Iraq were terminating on May 17, 2014.   Here is some of the text:   QUOTE:  “The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003”  Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work directly with the CBI, Article IV and Article VIII of The Article of Agreements should now be completed or soon will be.  …the important part of this announcement was that it was published via the Office of Foreign Asset Control… (OFAC)…these are the folks that tell our financial institutions who they can do business with.
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Mailman17 - IRAQ HAS BEEN PEGGED FOR THIS RV FOR A LONG TIME.  ALBEIT IRAQ HAD A HELL OF A CLEANUP TO DO AS IN CORRUPTION AND MONETARY AND ECONOMIC STABILITY, BUT THEY ARE DONE. THE PTB HAS HAD THIS PLANNED AND IT WILL GO FORWARD, AND NO LITTLE 2% STIPULATION IS GONNA STOP IT. THE IMF HAS IN PRINT SIGNED OFF ON IRAQ. IRAQ HAS MADE THE LAST HURDLE TO TRUE SOVEREIGNTY AND THEY SHOULD TAKE THE STAGE TO THE WORLD JAN 1PEOPLE SHOULD FOCUS ON MORE THAN 1 ARTICLE AND LOOK AT THE WHOLE PICTURE.  LOOK AT ALL THE PIECES TO THIS PUZZLE. IMO…WE ARE DONE…THEY WILL DEAL WITH MALIKI AND THE OTHERS DOWN THE ROAD BUT THEY ARE NOT THE PRIORITY RIGHT NOW.
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Millionday - THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW [THURSDAY].  THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY… AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED.   WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL.
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tman23 - The Qi card holders are being told that they will be able to use them in ATM’s outside Iraq “soon”…I am following activities but news is all vanilla…IMO we are in the moment of any day now!!  IMO I will be red hot ready between the 27th and 1st if it doesn’t show itself sooner…I am expecting that if Iraq is to go international that they will initiate the change the last week of December…And before New Years opening markets.

General Ham's Mailing Address?

Does anyone know General Ham's Mailing address. I have several patriots who wish to contact him.

Send the address to me or respond as a comment.

How to create your own Promissory Notes - Michael Tellinger

The Rumor Mill News Reading Room 
How to create your own Promissory Notes - Michael Tellinger
Posted By: Lymerick
Date: Sunday, 21-Dec-2014 04:33:04


Published on Dec 18, 2014
Michael Tellinger explains how he successfully created and paid the banks with his own promissory notes. Please pay close attentions to the details - you can download a copy of the generic Promissory Note on the UBUNTU Party Website. Click on the note to open the text box and fill in your own details - You may need to change the legal data on the top right, based on the country you are in. PLEASE DO NOT pay other people mor businesses with your notes - they are meant for BANK and Government departments only.
Do not take your NOTES into a bank and attempt to pay it to the teller - they are not trained to deal with it and will send you away. Follow the instructions in the video. Or read the following.
HOW TO PAY THE BANK WITH YOUR OWN PROMISSORY NOTE
Please study the sample Promissory Note carefully.
Get to understand it and what its function is and what is actually written on it.
It was specifically created for the South African legal system – so you may need to adapt it for your country’s legal references on the top right hand side.
It has text boxes so just click on the text box and fill in what you need.
Create a catalogue list where you record the NOTE number – which you made up and wrote on top of note.
Make up any number that makes sense to you. I chose MJTPN001 / MJTPN002, etc.
Keep the catalogue list in a safe place.
Print out the original NOTE in colour on HALF the page - portrait.
Write in Blue ink right under the note the following line by hand.
"The original note is signed in BLUE ink"
This will prevent anyone from copying it and claiming it is the original – colour copiers may cause problems.
Then take it to the cops to stamp - date it below the note on the same paper - sign it in front of the police.
Also take along a letter (2 copies of the same letter)- as proof of delivery – it also needs to be stamped.
Also sign in front of cops - let them stamp and date both copies.
Then make a black and white photo copy of the original colour NOTE - before you deliver the TWO sets.
One set for the bank/lawyers - and One set (the copy) for you.
Deliver to the legal document receiving office at the lawyers OR the postal/legal document receiving of the bank offices – NOT the bank itself –
Ask the person receiving it to stamp all four. 2 originals and 2 copies for you.
Put the two originals in an envelope and seal it addressed to the CFO - or CEO
OR
Sometimes the lawyers are a small company where the receptionist receives the post and legal documents – in that case make the receptionist stamp all four and do the same.
Take your 2 copies with you as proof of delivery.
You have just concluded the delivery of a Negotiable Instrument in accordance with the Bills of Exchange Act.
The deal is concluded upon deliver according to the ACT.
Stand your ground.
They have to raise objection within 7 days if I understand it correctly.
Claim that you paid with a lawful document - and they need to launch a new legal action against you showing why your form of payment is not accepted.
Use my case of payment by Promissory Note as a precedent in South Africa.
If they do not respond to one delivery - you have a precedent of acceptance of one payment - and therefore they have to accept all others from you.
Be strong and fearless – know what you are doing – be informed.
If they have not come to collect the first payment on the 7th of the month - as indicated under TERMS & CONDITIONS - it means that they have sold the note and are no longer interested in collecting the money. This is what you have to assume - if ever asked.
Have fun - stay strong.
I have now paid STD bank with 4 notes - dating back to 13 June 2013 - with no legal comebacks so far.
I trust this will continue until we introduce the People’s Bank.
In love, light and unity
Michael Tellinger

"The Destruction of America"

"The Destruction of America"
FULL PRESENTATION* by Jonathan Kleck and Clay Eudaly BE4THEFIRE.COM

http://youtu.be/PT3P_iLlQMw

400,000 MESSAGES TO HOUSE GOP: LOSE BOEHNER

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Shortly after American voters in the midterms expanded the GOP majority in the U.S. House and gave the party a control over the U.S. Senate, tossing Democrat Sen. Harry Reid from his leadership post, there was little fanfare as House GOP members renewed their leadership team, including Speaker John Boehner.
But heading into the first weekend after a “Don’t be Yellow: Dump Boehner Now Campaign” was launched, more than 400,000 messages are being lined up to deliver to House GOP members when the y convene in the new year.
The voters are telling House members to reject Boehner and elect new leadership.
The 400,000 letters are being facilitated through the “Don’t be Yellow: Dump Boehner Now Campaign” effort launched by WND CEO Joseph Farah.
In a commentary in the Washington Times, tea party activist Judson Phillips, without mentioning the campaign to remove Boehner, suggested Rep. Marsha Blackburn, R-Tenn., as a replacement for Boehner.
“On Jan. 3, a new Congress begins and one of the first orders of business in the House of Representatives is to pick a new speaker. The conventional wisdom is Mr. Boehner will be re-elected speaker. That may well happen and if it does it will be a disaster for the Republican Party,” he wrote. “The conservative base of the party is pretty much in open revolt and without the base, the losses of 2006 and 2008 will seem mild compared to what is coming in 2016.”
Phillips wrote Boehner “cannot lead” and “will not fight.”
“The Republicans will have 247 members in the next Congress. If 30 of these members vote against Mr. Boehner, he will not have the majority he needs to be elected speaker. At that point, anything is possible, including Mr. Boehner stepping aside. Every conservative should spend the time between now and Jan. 3 calling their Republican representatives and telling them to vote for Marsha Blackburn instead of John Boehner.”
At left-leaning MSNBC, there was a sudden defense of Boehner.
“Boehner will prevail, and this new round of chatter, like the previous rounds of chatter, will amount to nothing,” wrote Steve Benen.
And at the Buzzfeed blog there was a discussion the 16 to 18 Republicans who already plan to challenge Boehner’s re-election as speaker.
“Right now, I’ve been meeting with a small group, and we – about 16, 18 – and we’re hoping to have a name of a sitting members of Congress that we can call out their name,” said Rep. Walter Jones, R-N.C. “I’ve already said I cannot vote in good conscience for John Boehner.”
Whatever impact the letters are having, or will have, they certainly will get the attention of members of the House.
At about two inches per 500-page ream, there’s already a stack of letters more than 13 stories tall destined for House GOP members.
“While the news cycle has forgotten about Boehner’s betrayal of Republican voters in November, the grass-roots electorate has not,” said Farah.
“Even while Americans are busy Christmas shopping and getting ready for the holiday season, they are angry enough at the Republican establishment to put their money where their mouth is – investing in this unusual lobbying effort to wake up House members as to the state of their leadership crisis,” said Farah.
“Will Republican House members respond in January? At the very least, they won’t be able to ignore the deluge of mail that awaits them,” he said.
Another warning that the GOP needs to stand up came from outgoing Rep. Michele Bachmann, R-Minn., who recently was profiled at the conclusion of her service in the House.
She said the GOP majority needs to fulfill its promise to voters.
“Ask yourself, would the GOP have voted to fund Obama’s illegal amnesty the week before the pivotal 2014 elections?” she said. “Not in this universe.
“Republican congressional leadership need to open their eyes and ears and listen to the voters who gave them historic access to power some six short weeks ago.”
Farah believes the most effective method of reaching out to Congress is individual letters to members.
You can order your letters sent today, and they will be ready for delivery when the new Congress reconvenes in January. It would be great to see thousands or, better yet, tens of thousands flooding in that first week. That will make an impression that cannot be ignored by Republican members of the House,” he said.
“I’m excited. Now it’s up to you. I’ve already ordered my letters. I’ve even secured the domain names DumpBoehnerCampaign.com and DumpBoehnerNow.com for social media dissemination. Tell your friends,” he wrote.
The letter explains to members of the U.S. House that two issues have “prompted Americans to turn in droves to the Republican Party in November 2014 – Barack Obama’s blatantly unconstitutional executive action to provide amnesty to millions of illegal aliens, and the deliberately deceptive restructuring of America’s health-care system through Obamacare, which threatens to unravel the greatest health delivery system in the world.”
Pointing out that Republicans before the election “solemnly vowed to STOP this lame-duck president,” the letter states: “Now you have the power, right and duty to stop him.
“But it won’t happen with John Boehner leading you. You know this to be true. The trillion-dollar budget deal is just the latest proof that Boehner is not capable of leading the House to victory during this critical period.”
It calls on members to replace him.
On Twitter, the hashtags #BoehnerMustGo and #DumpBoehner were surging, and other commentators, while not adopting the specific letter-writing campaign, agreed with the goal.
At the American Thinker blog, editorialist Layne Hansen wrote, “It is time to stop thinking of John Boehner and the rest of the Republican congressional leadership as being cowardly and recognize them for what they are: part of The Ruling Class that believes it has the right to tell the rest of us how to live.
“The current GOP leadership has got to go; this has ceased to be an arguable point. We cannot count on these people to do what is right. Conservatives did not give them majorities in both chambers for them to keep playing the same game,” he wrote.
dump-boehner-now-campaign-600
At RedState.com, Editor Erick Erickson also delivered a “no-other-options” message.
“House conservatives must summon the courage to oppose Boehner’s nomination on the floor in January. It is a moral imperative. You cannot consistently complain about leadership’s many failures – and the treachery involved with a speaker fresh off a successful wave election conspiring with President Obama to fund amnesty and enjoy a celebratory phone call in the aftermath – and then vote for him to continue in this role. To paraphrase Albert Einstein, that is the definition of insanity, and it is enabled by a vote for Rep. John Boehner,” he wrote.
Farah noted that the launch of the program rivals the historic “Pink Slip Campaign” in 2010 that generated some 9.5 million letters to Congress.
“Americans are angry about Boehner’s betrayal of the voters who gave him a bigger majority in the House and Republicans control of the Senate. This could prove to be Boehner’s undoing,” he said.
Farah said, “From previous campaigns we know this approach prompts members to talk about the boxes of letters that are coming into their offices each day. And that’s exactly what we want to do with the DUMP BOEHNER CAMPAIGN – a grass-roots lobbying effort that can channel your outrage into effective and meaningful action.”
He said what can be guaranteed is that members “will see, hear and feel your participation in it.”
“We saw the same thing in 2010,” recalled Farah. “People were angry then. They may be angrier now. It is as if elections have no consequences when Republicans vote.”
A sampling of just how upset people are has been posted online, with abundant promises of “I’m in,” and “Do it.”

Read more at http://www.wnd.com/2014/12/400000-messages-to-house-gop-lose-boehner/#w9jlUS15OHSEuWc4.99

EXOGEN UPDATE: SUNDAY INTEL, 21 DEC

Lonewolf: Clues: Counting down 2 different baskets ..rates climbing and watching them go back and forth/change and 'walk'/go across the wires 'solo'/individually.Read between the lines..

Beverly:
The COUNT DOWN is on! Some will be sucking a LEMON. We are to sit back drink wine and WATCH the TIGHT ROPE WALK and PING PONG match between world leaders, and powers that be. Good time for us to read up and be prepared.
Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 12:23


12-21-2014   Intel Guru Bulldog75   IMHO, WE SHALL SEE THE SWEETNESS OF LIFE AND HOW WONDERFUL LIFE IS, VERY SOON. THE NEW YEAR IS A NEW LEASE ON LIFE.  NUMBERS ARE NOT REALLY IMPORTANT AT THIS POINT. BUT IF YOU REALLY MUST KNOW, 3.33-11.11 ARE PRETTY GOOD.


12-20-2014   Intel/Newshound Guru Poppy3   BEEN REVIEWING THE NEWS FROM THE LAST FEW DAYS. ...WE ARE ABOUT TO SEE THE RESULTS OF ALL THE WAITING AND ALL THE UPS AND DOWNS.  HOPE YOU ARE ALL READY FOR THIS EVENT...AND BY THE WAY THEY ARE IN NUMEROUS MEETINGS TODAY IN IRAQ SO ANYTHING CAN HAPPEN.



EXOGEN:   WELLS FARGO IS NOW THE MOST  VALUABLE BANK ON PLANET EARTH...............HMMMMMMM  HOW DID THEY DO THAT?

EXOGEN December 20, 2014

How Wells Fargo reached milestone as world’s most valuable bank

By Yalman Onaran   Bloomberg News

Posted: Friday, Dec. 19, 2014   Daniel Acker - Bloomberg

John Stumpf, chairman, president and CEO of Wells Fargo & Co.

Behind Wells Fargo & Co.’s ascent to the world’s most valuable bank lies a cheap and reliable source of funds favored by regulators and less popular with its largest rivals: retail bank deposits.

Wells Fargo gets 78 percent of its funding from deposits, and 90 percent are so-called core deposits – small amounts from individuals and other account-holders that are viewed as slower to yank their money than big institutions, data compiled by Bloomberg show.

The bank has more than tripled deposits in seven years, adding the equivalent of Atlanta-based SunTrust Banks Inc. in the past two.

Under CEO John Stumpf, Wells Fargo has focused on the consumer, corporate and real estate lending common among regional banks instead of adopting the sprawling universal bank models typical of the biggest banks. This month the company surpassed the record set by Sandy Weill’s Citigroup Inc. in 2001 for most valuable bank in U.S. history.

“Banks following the simple bread-and-butter banking model are providing better returns and have an easier time with regulatory compliance,” Sheila Bair, a former chairwoman of the Federal Deposit Insurance Corp., said in a phone interview. “Core deposits representing customer relations are very stable, and markets are appreciating that as well as regulators now.”

Wells Fargo has climbed 18 percent in the year through Dec. 17, making it the best-performing stock in the 24-member KBW Bank Index. Wells is based in San Francisco but maintains its largest employee base in the Charlotte area, where it employs about 22,100.

Last week, the Federal Reserve proposed an extra capital requirement for the eight biggest U.S. banks, including Wells Fargo. The rule was especially demanding for those lenders that rely most on short-term market financing – the type that can vanish in a crisis – instead of deposits.

New challenges

That benefited Wells Fargo, which has grown to become the nation’s biggest mortgage lender since the 2007-2008 financial crisis. Now the bank is opposing a different rule under Fed consideration that would require the largest banks to issue long-term debt to absorb losses. That proposal, made by global regulators, is off the mark because it doesn’t recognize that individual depositors provide more reliable funds than bondholders, said Stumpf, who turned 61 in September.

“Those companies that fund most of their operations with debt are less impacted,” he said. “We fund substantially all of our balance sheet with retail funds. Wouldn’t it be an oddity to have the most conservative funding and yet be asked to go raise more debt?”

Bank deposits have surged since the financial crisis as interest rates near zero made alternatives such as money market funds less appealing. Wells Fargo’s have grown by $783 billion, or 225 percent, to $1.13 trillion. The bank’s 2008 acquisition of Charlotte-based Wachovia Corp. contributed.

Rising rates

Rivals, even those that made big acquisitions of their own, didn’t increase deposits as fast. New York-based JPMorgan Chase & Co., which swallowed Washington Mutual Inc., added $594 billion. Charlotte-based Bank of America, which bought Countrywide Financial Corp. and Merrill Lynch & Co., boosted deposits by $306 billion.

Pittsburgh-based PNC Financial Services Group Inc., with one-fifth the assets of Wells Fargo, saw its deposits jump 173 percent for the
second-fastest growth among the 11 biggest U.S. banks.

Whenever the Fed starts raising interest rates, which many economists expect to happen next year, companies and institutional investors are likely to move their deposits to higher-yielding alternatives faster than individuals, according to Standard & Poor’s credit-rating firm.

“If the rate increase happens gradually, banks will adjust to the deposit outflows,” said Stuart Pleaser, a senior director at S&P. “But if the rate increases are sudden and sharp, some banks can struggle to cope.”

Different DNA

In a Dec. 2 report, S&P listed 25 banks that could suffer large outflows of deposits if rates jump. Wells Fargo wasn’t among them.

Lately banks, including JPMorgan, have been trying to reduce large blocks of deposits from corporations or financial institutions. Not Wells Fargo, where time deposits larger than $100,000 – such as certificates of deposit – account for only 10 percent of the total compared with 26 percent at JPMorgan and 20 percent at Citigroup.

“Most of our deposits are part of long-term relationships for us,” Stumpf said recently in an interview in New York. “We’re in a category of one when you consider the size and how different we are from what you’d consider as large money-center banks. Our DNA is much more regional, community bank in structure.”

Vicious Cycle

While Bank of America’s core deposits are also about 90 percent of the total, it funds more operations in the bond market than Wells Fargo. That brings Bank of America’s ratio of core deposits to total liabilities down to 54 percent.

History has shown that institutions doing traditional banking are more successful, said Thomas Hoenig, vice chairman of the FDIC. While the sheer size of a bank can increase the risk it poses to an economy, the potential dangers are multiplied by complexity and activities such as trading that fall outside the traditional model, he said.

“Wholesale funding secured by assets on the bank’s balance sheet creates a vicious cycle during a financial downturn as creditors grab the collateral and sell in panic, bringing prices down even further,” said Hoenig, who has been an advocate for higher capital requirements for the biggest banks. “That’s where the vulnerability for the banking system comes from.”

Warren Buffett, whose Berkshire Hathaway Inc. is Wells Fargo’s biggest shareholder, has expressed a similar view.

“The biggest single asset that Wells has is its deposit base,” Buffett said in a television interview aired last year. “They have a consumer-based, small-business-type bank that’s just huge.”

Read more here: http://www.charlotteobserver.com/2014/12/19/5393753/how-wells-fargo-reached-milestone.html#.VJWpZf8WJA#storylink=cpy

**********

G T
So Wells Fargo is the #1 Ranked Bank because of their Currency Platform Trading Worldwide ????

But it's Supposed To Be HUSH HUSH????

And their Laughing ALL THE WAY To THE BANK???

EXOGEN > YES AND THEY ARE LAUGHING!!!!!!!!!!!!!!

G T > EXOGEN   Well.....When will we have OUR Opportunity to Laugh ON THE WAY To the Bank!!!   I'm tired of this BS!!

EXOGEN  Queen
“We are the Champions”

https://www.youtube.com/watch?feature=player_embedded&v=O71fetlkCZo#t=0