OBAMA BLOCKING RV

RV RUMOR ---- THE BUZZ ON THE MARKET FLOOR IS THAT OBAMA HAS BLOCKED THE RV OVER 50 TIMES AND IS STILL ONGOING. HE IS A FRADULENT PUPPET FOR THE DARK CABAL. THEY DO NOT UNDERSTAND WHY HE IS STILL IN POWER HAVING ALREADY RESIGNED IN THE HAGUE.

RV INTEL

JACK LEU, UST TREASURER, SIGNED OFF FOR THE USA PER THE GCR AT THE UN IN NEW YORK MONDAY MORNING AT 12:30 AM EST.

OBAMA AGREED TO RESIGN TUESDAY AT 5:00 PM EST. THE KENYAN FRAUD INSURPER RENEGED AGAIN. OBAMA AND FAMILY WAS OFFERED SAFE HAVEN IN AN ISLAND OFF OF CHINA. THIS AGREEMENT HAS BEEN REMOVED AND OPTION “B” SHALL BE UTILIZED. OPTION “B” IS OBAMA ALREADY RESIGNED A MONTH AGO IN THE HAGUE. SOMEONE ELSE WILL DO THE ANNOUNCEMENTS.

THERE BE “NO RV” UNTIL OBAMA IS REMOVED. MILITARY TO DO THE REMOVAL IF THEY HAVE THE BALLS ---- WHICH SO FAR HAS BEEN LACKING!

The Duke

The Duke
So Those BLM Boys Want A Fight!

Looks like the Feds & BLM boys are irking to massacre some American Ranchers and their supporters. They so far killed innocent calves and cattle, terrorize pregnant women and Taser unarmed Americans. BLM and the Feds now deploying military style “Waco” methods. You are the aggressor and will be met by the same violence from ‘skilled’ military trained militia now on guard.

To those in BLM & FED employ – your alibi of “just doing your job” will not suffice anymore.

MEET YOUR MAKER!

AD 1

AD 2

Monday, November 19, 2012

Treasury Dollars Ready


Subject: Dinar RV Value – Treasury Dollars Ready [AND] U.S. Treasury Exempts Foreign Exchange Swaps From Dodd-Frank
To: StepsFor Success <StepsForSuccess@gmail.com>


Just passing along info I have come across regarding the new U.S.T.
bills, TAG accounts, Dodd-Frank, etc.  Don't ask me what it all means...LOL...just want you to be aware of this info, so you are prepared when you do your EXCHANGE...and who knows if it will even apply, IF our EXCHANGE isn't allowed until 2013.

Blessings,
S~  aka FB   :-)
**************************************************************************************

Thursday, November 15th, 2012 | Posted by RJ

Dinar RV Value – Treasury Dollars Ready

Tom Gambill
Sun, Nov 11, 2012
Subject: Dinar Holder Notice!!!

There's more to the TAG accounts than meets the eye. TAG: Transaction Account Guarantee

Superficial chatter says that you should just ask for your Dinar deposits to be placed in a no-interest bearing account. Then your funds will be insured with no upper limit. The FDIC will not be the insurer but because of the Dodd-Frank bill you will be insured fully through the end of this year, or maybe for the 12 months following the Re-valuation date???

But, Heads up:
Unless the bank has actually set up and is compliant with the TAG account instructions, you may be harmed in several ways.

None of my local banks had heard of the rules for becoming compliant with the Dodd-Frank instructions. I printed out copies of the instructions (13 pages) and handed it to the bank VPs which they cheerfully received, promising that their lawyers would read it and get ready to support TAG accounts.

There is a basis for this strange TAG requirement (or suggestion). It may help if you understand the basis for the Dodd-Frank Bill and the TAG account option.

Your Dinar payouts were and are supposed to be in gold or metals-backed currency. That's especially true for Dinar holders because the Dinar you hold is backed by gold, oil, and minerals.

It's fool-hardy to convert the world's most valuable and stable currency into US dollars that sink in value almost every day. Dollars are announced to be DEVALUED another 40% within 30 to 60 days after the RV.

I mentioned Dinar as being stable. Yes. Monthly violence in all of Iraq is far less that that of single US cities like Washington DC or Los Angeles. TV news channels amplify and selectively choose what we are allowed to see or believe.

So where is the US currency that is metals based? New US Treasury bills are expected to be released to the public perhaps 30 or 60 days after the RV. At that time we will have options for converting our old greenback bills into the new Treasury bills. The new bills will be issued from the US Treasury (we expect). The 99 year agreement between the US Treasury and the Federal Reserve ran out sometime in January
2012 (it is claimed).

IF YOU DEPOSIT YOUR CONVERTED FUNDS INTO A VALID TAG ACCOUNT:
- Your funds will be assumed to be of US Treasury Bill value later, when and if the new Treasury bills are issued. (metals backed just like the Dinar – good)
- You will have full and immediate access to your funds to buy big items or properties, no rationing, no delays on withdrawals. (good)

- You must not gain any interest on the account (Mandatory
Requirement) because banks can only pay interest using current debt-based fiat unstable old US currency.
- You cannot take funds from any other source and deposit them into your TAG account. (Maybe DONG payouts are ok, not sure.)

So if you thought you could just deposit Dinar payouts into any old checking account that bears no interest, then you haven't looked through the compliance standards that the bank has to fulfill in getting ready to give you a TAG account. See the link further below.

The legal rules a bank must follow are quite dense and heavy. Details galore. The bank must even have a small sign of a certain size on the wall in the lobby stating with certain words that they provide TAG account services.

Most of you probably envision cashing in at a bank, then wiring some funds from there to other local banks or credit unions. These secondary receiving banks will have to have legitimate TAG accounts if you want the TAG benefits. Upon receiving the incoming bank wire, the bank will have to ask about your source of funds. Your receipt from your original dinar conversion event will be needed in this situation.

So what happens if you just ignore the TAG option. Maybe you were only going to cash in one 25,000 Dinar note. At the rumored rate of $12.36 that single note will produce a deposit of $309,000, which is just a little over the $250,000 normal FDIC insurance.

Is that anything to worry about? (What? Me worry?)

WORRY DEFINED:
Later when we all line up at banks to trade in our crumpled greenbacks to get our fresh Metals-based US Treasury notes, we have hints, rumors, and whispers that there will be a 40% to 60% loss of greenback value for everyone around the world that holds greenbacks. US dollars will be devalued, announced and not a theory.

When the new Treasury bills are issued,
You will possibly trade in $100 old bills and receive back $60 in new Treasury bills. (40% devaluation of US dollars) Or, You will possibly trade in $100 old bills and receive back $40 in new Treasury bills. (60% devaluation of US dollars).

IF your Dinar deposits are NOT PLACED IN A TAG ACCOUNT, your old $1 million greenback dollars will be converted (in the bank) to $600,000 Treasury Bills (for example) at the 40% devaluation rate, when the new bills are released.

IS THIS SCARY EXAMPLE CLEAR? You cashed in top-value DINAR which was already gold-based, and through negligence (in this example) you lost 40% of your value because you didn't mandate that your bank set up a TAG account to receive it.

We have been kept in the dark about many things, but Congress saw this situation about to arise. For once, in your favor, the Dodd-Frank bill designed a method by which your Dinar (and possibly Dong) deposits would be treated AS ACTUAL METALS-BASED CURRENCY even though the new Treasury bills won't be issued until a few months after the RV event.
These TAG accounts (if you see the sense of using them) give the US Treasury up to a year to get their Treasury bills distributed.

The trauma of the US and world-wide populations having their old green dollars DEVALUED can be dealt with best AFTER the frantic Dinar conversions.

To appreciate the complexity of the RV happening in 195 nations, consider that the dollar devaluation will affect all those nations WHOSE CURRENCIES ARE ALSO BEING reassigned based on the productivity of each nation.

Summary: To avoid unnecessary diminishment of 40% or more of your funds when the world soon converts to the new US Treasury bills, consider printing out a few copies of the Dodd-Frank instructions and hand carrying a copy to your local bankers who may be unaware.

I found it useful to talk with bank administrators, stating that you are a Dinar holder, and that even though the local bank is not expected to convert your dinar, you intend to wire sizeable funds into your local account AND THAT IT NEEDS TO COME IN TO A Transaction Account Guarantee (TAG) ACCOUNT which must conform with the printed instructions at this government link.

Here's the official government link for the Dodd-Frank PDF document that defines the bank policies required:
Consider printing a copy of the Dodd-Frank FAQ for the banker(s).



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

Bloomberg News

U.S. Treasury Exempts Foreign Exchange Swaps From Dodd-Frank

By Silla Brush on November 16, 2012

The U.S. Treasury Department exempted foreign-exchange swaps and forwards from Dodd-Frank Act regulations intended to reduce risk and increase transparency in the derivatives market.

Foreign-exchange swaps and forwards are short-term transactions that already have high-levels of transparency and risk management, the department said in a statement yesterday announcing the exemption.
Deutsche Bank AG, Bank of New York Mellon Corp. (BK), UBS AG (UBSN) and other banks urged Treasury Secretary Timothy F. Geithner to exempt the market. The exemption had been resisted by some regulators, Democratic lawmakers and advocates of tighter rules.

“Unlike other derivatives, FX swaps and forwards already trade in a highly-transparent, liquid and efficient market,” the Treasury Department said. “This final determination is narrowly tailored.”

Foreign exchange contracts were the second-largest source of derivatives trading revenue for U.S. bank holding companies in the second quarter, according to the U.S. Office of the Comptroller of the Currency. The companies recorded $3.1 billion in revenue on trading of foreign exchange derivatives.

Foreign-exchange swaps and forwards are part of a $4 trillion global daily market for foreign exchange, according to the Basel-based Bank for International Settlements.

Dodd-Frank would move most swaps to clearinghouses that collect collateral from buyers and sellers to reduce the risk that one party’s default would disrupt the broader market. The measure was enacted in response to the 2008 credit crisis that regulators and lawmakers said was fueled in part by largely unregulated swaps.

‘Additional Costs’

“Moving FX swaps and forwards to centralized clearing would not only have created additional costs for businesses and investors, but also increased systemic risk,” James Kemp, managing director of the Global Financial Markets Association’s foreign-exchange division, said in an e-mail statement. “This final decision from the U.S. Treasury provides the clarity the industry needs to now further develop the infrastructure of the future.”

In comment letters to Treasury in 2010, Democratic Senators Carl Levin of Michigan and Maria Cantwell of Washington discouraged the department from granting the exemption.

The Commodity Markets Council, a lobbying group for energy and agriculture companies and derivatives exchanges, said in a June 2011 letter that the exemption could undermine the regulatory overhaul. The council “believes exempting foreign exchange forwards and swaps at this time from the clearing and trading requirements of Dodd-Frank could increase systemic risk at a time when regulators around the globe are trying to reduce it,” according to the letter, which was submitted in response to Treasury’s proposed exemption.

‘Unjustified’ Loophole

The council includes the CME Group Inc. (CME), the Chicago-based owner of the world’s largest futures exchange; Intercontinental Exchange Inc. (ICE), the Atlanta-based futures market operator; and Decatur, Illinois-based Archer-Daniels-Midland Corp. (ADM), the largest U.S.
grain processor.

“Wall Street fought hard to convince Treasury to grant this loophole, which is unjustified by independent research,” Dennis Kelleher, president and chief executive officer of Better Markets, an organization advocating stricter financial regulation, said in an e-mail statement. “That may be why, after two years of consideration, the United States Treasury announced such an important financial regulation decision on a Friday night at 5 p.m. when Congress is on recess and on the eve of the Thanksgiving holiday.”

Exemption Exceptions

The U.S. Commodity Futures Trading Commission and Securities and Exchange Commission are required to write rules to reduce risk and increase transparency for interest-rate, credit and other swaps in the
$648 trillion global over-the- counter derivatives market.

The Treasury exempted foreign-exchange swaps and forwards from those rules. The exemptions don’t apply to Dodd-Frank’s reporting requirements and business conduct standards. The exemption also doesn’t apply to foreign-exchange options, currency swaps and non-deliverable forwards.

The foreign-exchange swaps and forwards market and its participants “have been subject to strong, comprehensive, and internationally coordinated oversight by central banks for more than three decades,”
Treasury said in the announcement. The exemption takes effect when it is published in the Federal Register.

‘Unforeseen Risks’

“Treasury believes that requiring foreign exchange swaps and forwards to be cleared and settled through the use of new systems and technologies could introduce new, unforeseen risks in this market,”
the department said in the final exemption order.

Darrell Duffie, a professor at Stanford University’s business school, said the foreign-exchange swaps and forwards market has taken voluntary steps to curb risks. “But the remaining amount of counter-party risk in the FX derivatives market is enormous,” Duffie said in an e-mail yesterday after the Treasury announcement. “Does the logic of this exemption imply that credit default swaps or interest rate swaps should also be exempted from regulation once practices improve in those markets? Surely that should not be the case.”

During the congressional debate over Dodd-Frank, the Treasury Department fought unsuccessfully to exclude foreign exchange from regulation over the objections of CFTC Chairman Gary Gensler.

An exclusion threatened to “swallow up the regulation” of derivatives if interest-rate or credit swaps are structured as foreign exchange swaps to benefit from the exemption, Gensler wrote in an August 2009 letter.

Steve Adamske, the CFTC’s spokesman, declined to comment on the final Treasury exemption.

To contact the reporter on this story: Silla Brush in Washington at sbrush@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

http://www.businessweek.com/news/2012-11-16/u-dot-s-dot-treasury-exempts-foreign-exchange-swaps-from-dodd-frank

3 comments:

  1. The FEDERAL RESERVE can recall ALL of its Notes by their major SHUT DOWN on 12/21/12 and make it miserable for everyone.

    But the Federal Reserve is NOT the same as the Treasury, yet the DOT and the IRS are one in the same, a PRIVATE Corporation!

    DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
    http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=aPdUOsNp0hfnrU%252fkd930Dw%253d%253d&nt7=0

    ReplyDelete
    Replies
    1. Hey Dan - Do NOT be confused with the capitalization and similar wording!
      This is a corporate "name" on the Nevada State's Securities list registered to a private individual in Nevada and capitalized at about $25,000.
      --PS - It is probably used to deceive people in mass mailing to send money to the Nevada address instead of sending it to Washington, DC's Treasury Dept.
      http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=aPdUOsNp0hfnrU%252fkd930Dw%253d%253d&nt7=0
      A cunning 3-person deception for any unwary victims. The potential karma created will take many, many lifetimes to undo. A spiritual tragedy in the making.
      DE

      Delete
  2. Don't hold your breath!

    ReplyDelete