PHOENIX CHAT - Gold Rush

[09:02] Phoenix3333: Hi
[09:02] Phoenix3333: so here we go
[09:02] Phoenix3333: down the home stretch
[09:03] Phoenix3333: any questions?
[09:03] Phoenix3333: everyone have a plan?
[09:03] Phoenix3333: yes on question or plan?
[09:03] Phoenix3333: I tell you what
[09:04] Phoenix3333: We do not have a lot on our chat but we have the smart people
[09:04] Phoenix3333: I was watch one chat...
[09:04] Phoenix3333: I was amazed at the lack of basic knowledge on the curret situation

[09:04] U.S.S.Hood1: do you have a link when Iraq was removed from the OFAC
[09:04] Phoenix3333: Hi TS
[09:04] U.S.S.Hood1: I have been looking for it
[09:04] warthog: i must hav ebeen on that chat
[09:05] Phoenix3333: I had it at one time
[09:05] DreamRVway: Dubai got $10 B http://www.google.com/hostednews/ap/article/ALeq
[09:05] TRUTH: hello again - this is better lol
[09:05] Phoenix3333: but it is somewhere on their site
[09:05] Phoenix3333: Looks like we may be getting set up to just go at the same time as the GCC common currency
[09:05] Phoenix3333: NOW
[09:05] Phoenix3333: let ne make this clear
[09:06] Phoenix3333: they are not starting the one currency right now
[09:06] Phoenix3333: BUIT
[09:06] Phoenix3333: they ARE going to start the ONE RATE
[09:06] U.S.S.Hood1: can I copy this?
[09:06] Phoenix3333: so they will all be moving into PAR
[09:06] Phoenix3333: Yes you may
[09:06] Phoenix3333: Now
[09:06] U.S.S.Hood1: thx
[09:06] Phoenix3333: Let me also make this very clear
[09:07] Phoenix3333: the GCC common currency has been in the active works for 10 YEARS
[09:07] Phoenix3333: this is not some overnight thing
[09:07] Phoenix3333: Lakehouse has done an outstanding job on the GCC
[09:08] Phoenix3333: and has laid out the exact timeline and rate for the common currency
[09:08] Phoenix3333: now back in June Lake found the ONLY article EVER that had the rate for the GCC common currency
[09:08] U.S.S.Hood1: which is?
[09:08] Phoenix3333: that rate then back in June of this year was projected to be $2.66
[09:08] Phoenix3333: now
[09:09] Phoenix3333: also
[09:10] Phoenix3333: this rate that has been seen in some places and is being reported to be $2.47 for the Iraqi Dinar
[09:10] Phoenix3333: that $2.47 I bet is the GCC rate
[09:10] Phoenix3333: so the Iraqi Dinar will start at the GCC rate
[09:10] Phoenix3333: which follows all logic
[09:11] Phoenix3333: also
[09:11] Phoenix3333: Iraq was one of the founding members of the GCC
[09:12] Phoenix3333: and has had a seat at every GCC meeting even during the guld wars but because of the actions against Kuwait they were rtemoved from active voting status
[09:12] Phoenix3333: BUT
[09:12] Phoenix3333: as of this past summer they were accepted BACK into the voting membership of the GCC and the announcment is yet to be made public
[09:12] Phoenix3333: SO
[09:13] Phoenix3333: all odf the GCC articles you have ever read about all of the meetings....Iraq was there at every single meeting
09:13] Phoenix3333: Now mone of this is speculation or rumor
[09:14] Phoenix3333: all I have just shared is 100% fact backed by articles with links
[09:14] Meebo Message: guest2343489 is now known as jgable01
[09:14] Meebo Message: guest774619 is now known as hamsrus
[09:14] Phoenix3333: sp we have the GCC meeting still going on right now and the Arab banking ministers are also all meeting
[09:15] Meebo Message: guest2264596 is now known as dustbunny hoppin
[09:15] Phoenix3333: I will have Lake house bump up all of her GCC info on her blog today for everyone
[09:15] Phoenix3333: now...
[09:15] spannster: All good info Phoenix
[09:15] hope today: thank you
[09:15] Phoenix3333: remember the time limit I was told we would have to cash in?
[09:16] warthog: yup
[09:16] Phoenix3333: I was told it would be no more than 48 days but no less than 7
[09:16] pencer: yes
[09:16] spannster: yes
[09:16] warthog: uh huh
[09:16] Phoenix3333: well the question I always had was why the spread?
[09:16] Phoenix3333: If there was a time limit just have a pre set time limit
[09:16] Phoenix3333: BUT
[09:17] Meebo Message: guest832882 is now known as Soready
[09:17] Phoenix3333: the reason there is a varible is because there is a DATE set that it must be done by
[09:17] Phoenix3333: My guess is that date will be December 31st
[09:17] Phoenix3333: so by January 1st the exchange of the larger notes must be complete
[09:18] U.S.S.Hood1: there is goes our 40 days into the toilet
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Soready: large notes are all we have so notmuch time for us
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Phoenix3333: if we were to go right down to the wire of 7 banking days in the year that would be a dead line for RV of December 21st
[09:19] Phoenix3333: Now
[09:19] Meebo Message: guest7316344 is now known as nventr
[09:19] Phoenix3333: if anyone things this is bulll crap think back to last week and North Korea
[09:19] Phoenix3333: How much time did they have to do the exchange?
[09:19] Phoenix3333: 7 days
[09:19] Soready: yep
[09:19] spannster: yup
[09:20] U.S.S.Hood1: substract holidays, weekends
[09:20] Phoenix3333: I was told by my source we will have as much as 48 days but no less than 7
[09:20] Phoenix3333: Banking days
[09:20] Phoenix3333: not calender days
[09:20] Phoenix3333: FULL banking days
[09:21] Phoenix3333: we will just have to see
[09:21] Phoenix3333: BUT do NOT mess around!
[09:21] U.S.S.Hood1: at 2.47 I won't hold my 50 dinars
[09:21] Phoenix3333: Have a plan....get to the BANK....exchange....see a lawyer
[09:21] Phoenix3333: fund accounts
[09:21] CC: ready
[09:22] Phoenix3333: WORK before PLAY!
[09:22] U.S.S.Hood1: insurance
[09:22] CC: so no more golf
[09:22] CC: until it pops
[09:22] CC: or once it pops
[09:22] Phoenix3333: Be a ******* with this and see what happens
[09:22] Phoenix3333: this is serious
[09:22] jwiden: Phoenix: Do you think that the GCC countries can actually make a decision this big in less than several years?
[09:22] Phoenix3333: this is not a joke
[09:23] Soready: this is a once in a lifetime opprotunity must be smart about it
[09:23] Phoenix3333: jwiden...no I do not...that is why they have been working on this for 10 years
[09:23] Phoenix3333: The GCC common Currency plan started 10 YEARS ago
[09:24] Phoenix3333: no they have not


[09:24] Phoenix3333: that was all smoke to stem currency speculation
[09:24] Phoenix3333: do you not know what they just put out?
[09:25] U.S.S.Hood1: I read back in May-June Iraq/Libya/N.Korea were taken out
[09:25] Phoenix3333: CC they just announced the change
[09:25] U.S.S.Hood1: they why they still appears? http://www.treas.gov/offices/enforce...q/answer.shtml
[09:25] Phoenix3333: so it will be
[09:25] CC: so could be anytime with change
[09:25] jwiden: I saw that Kawait was going to ask the UAE and OMan to join again
[09:26] Phoenix3333: CC they just annouced it yesterday
[09:26] U.S.S.Hood1: really???
[09:26] Phoenix3333: jwiden...they were never out
[09:26] Phoenix3333: yes
[09:26] U.S.S.Hood1: ok
[09:26] Phoenix3333: wow
[09:26] U.S.S.Hood1: cool, good news
[09:26] Phoenix3333: you guys did not know this?
[09:26] Phoenix3333: let me get it
[09:27] U.S.S.Hood1: no, I did not saw and only been reading news
[09:27] TRUTH: This is great info I will post in forum
[09:27] Meebo Message: guest4887438 is now known as debcaz
[09:27] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:27] pencer: thx Truth
[09:27] DreamRVway: CNBC waiting for bank CEO's to arrive at White House
[09:27] U.S.S.Hood1: hey TS
[09:28] U.S.S.Hood1: will you post it?
[09:28] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:28] CC: not understanding what it means for the rv
[09:28] Meebo Message: guest3268584 is now known as Racer
[09:28] TRUTH: oyes I will post in forum
[09:28] U.S.S.Hood1: thx
[09:28] Meebo Message: guest9484282 is now known as firefarmer
[09:28] Phoenix3333: Kuwait's Finance Minister Mustafa Al-Shamali said after the annual event the ministers reached an agreement to activate the monetary union agreement, a prelude to the initiated single Gulf currency.

[09:29] Phoenix3333: http://articlesofinterest-kelley.blo...eement-to.html
[09:29] Phoenix3333: There
[09:29] Phoenix3333: was done yesterday
[09:29] firefarmer:
[09:29] Wisemen: has left the room
[09:29] pencer:
[09:30] U.S.S.Hood1:
[09:30] Phoenix3333: Deb they are bringing all of the currencies on to par
[09:30] pencer: really big deal
[09:30] Racer: the article seems kinda vague
[09:30] Racer: am i missing something
[09:30] Phoenix3333: that means BEFORE the launch of the single currency they bring all of the exchanges rates to the same level or on "Par"
[09:30] debcaz: so does this have to do with an RV.....? sorry if i am being stupid
[09:31] Phoenix3333: so Kuwiat goes down UAE goes up
[09:31] U.S.S.Hood1: deb, **** yes
[09:31] Phoenix3333: and they meet in the middle at $2.47
[09:31] CASHINN: SOLD
[09:31] Lr4bama: so, what your saying is that when this takes place we should cash all the dinars we have in
[09:31] GameDog: PHX: Any truth to RUMOR of smaller dinar bills being leaked?
[09:31] U.S.S.Hood1: they all need to revaluate their currency on par
[09:31] CC: so all of the nations would bring there rate to 2.47 ex.
[09:31] Phoenix3333: Correct CC
[09:32] CC: would they go to a different currency other than the Dinar?
[09:32] Phoenix3333: In June of this year it was projected by the GCC that the rate would be $2.66
[09:32] debcaz: so thats what they mean by all currency are one rate
[09:32] dustbunny hoppin: so then the RATE is uniform in ME countries as prelude to changing the actual physical money when GCC comes in later
[09:32] Phoenix3333: so
[09:32] CC: or would they keep there same currencies and just would be at same value
[09:32] Phoenix3333: Correct DB
[09:33] Phoenix3333: They will do as the EU did and for a year or 2 have their own currencies AND the new one
[09:33] Phoenix3333: and then slowly phase out the national ones for the regional one
[09:33] CC: like being able to use the dinar and the us dollar
[09:33] CC: like before
[09:33] CC: but phase out the dinar
[09:34] pencer: down the road
[09:34] Phoenix3333: Deb Caz...what this has to do with the RV is Iraq will soon be announced as a full member once again of the GCC
[09:34] U.S.S.Hood1: http://www.business24-7.ae/Articles/...e06203d68.aspx
[09:34] U.S.S.Hood1: 2.66 !!!
[09:34] U.S.S.Hood1: thx Phx
[09:34] U.S.S.Hood1: so 2.47 would be below their estimated rate
[09:35] Phoenix3333: that was just an estimate from June
[09:35] debcaz: so to be a full member of the GCC you HAVE to have your own money (dinars) worth something
[09:35] Phoenix3333: and the $2.47 is a leaked sighting of the real deal
[09:35] pepperpotts: has left the room
[09:35] debcaz: so then it has to RV for them to became a full member
[09:36] Phoenix3333: Have you guys ever seen the pictures of the new Gulf Dinbar that Lakehouse posted?
[09:36] debcaz: i am getting this right?
[09:36] Phoenix3333: Dinar
[09:36] Phoenix3333: yes Derb
[09:36] Phoenix3333: so just relax and be ready
[09:36] Racer: So will we see an RV announcement or an announcement of Iraq joining the GCC?
[09:36] Phoenix3333: Yes
[09:37] Phoenix3333: we should see many things all at the same time
[09:37] debcaz: when are they suppose to JOIN the GCC?
[09:37] CC: so once they are announced as a member then soon to follow would be the rv
[09:37] Phoenix3333: The RV the removal of Article 7 the joining of the GCC and maybe even the HCL passed
[09:37] Phoenix3333: all within the same 24 hrs
[09:37] U.S.S.Hood1: Activate the plan agreed in June 2009, right Phx?
[09:37] pencer: lots of goodies!
[09:37] U.S.S.Hood1: this looks so good
[09:37] Doublebottoms: Phoenix, you are better than a double expresso this morning! Thank you, thank you !
[09:37] T124: so will the Amero be the currency for the US Mexico and canada
[09:38] debcaz: is their a date when this is supposed to happen?
[09:38] U.S.S.Hood1: no
[09:38] Phoenix3333: Deb it happen already
[09:38] missmandy: has left the room
[09:38] debcaz: huh....now you got me
[09:38] Phoenix3333: we posted it this in the forum months ago
[09:38] Phoenix3333: they are yet to make the formal announcment but all has been agreed upon
[09:38] debcaz: so why didnt they rv if it happened already
[09:38] Phoenix3333: One more time
[09:39] Phoenix3333: Iraq was one of the founding nmembers of the GCC many many years ago
[09:39] Phoenix3333: when Iraq attacked Kuwait they were removed from voting status
[09:39] Phoenix3333: BUT
[09:39] Meebo Message: guest134922 is now known as hiker
[09:39] Phoenix3333: Iraq has been at every GCC meeting...even during the Gulf war
[09:40] Meebo Message: guest8932909 is now known as beachgirl
[09:40] Phoenix3333: So every GCC meeting you have read about EVER Iraq was there
[09:40] U.S.S.Hood1: "Based on the European Union experience, I expect the new currency to be circulated along with the existing national currencies in the Gulf Cooperation Council,"
[09:40] Phoenix3333: even the meetings going on right now
[09:41] debcaz: cant they force them to RV
[09:42] Phoenix3333: August 22, 2009

Iraq return as a member of the Gulf Cooperation Council http://articlesofinterest-kelley.blo...r-of-gulf.html
[09:43] Meebo Message: guest4890067 is now known as jgrem73
[09:43] dustbunny hoppin: Thank you for your info and patience Phoenix
[09:43] Phoenix3333: Ok so the only question I have is will Iraq wait and go with all of the GCC at the same time? Or will they go first?
[09:43] Phoenix3333: YW DB
[09:43] Racer: At this point it would be harder for me to believe this will happen after 1/1/2010 than before, too many pointer to happening now
[09:44] debcaz: i was up until 2:00 am this morning...
[09:44] Phoenix3333: IF they go first is has to happen soon
[09:44] Phoenix3333: but IF they wait it will not happen until the weekend
[09:44] CC: when do you think the gcc will go with this common currency?
[09:44] Meebo Message: guest3042138 is now known as Kahuna
[09:44] Racer: common monetary value
[09:44] CC: before year end>
[09:44] Phoenix3333: they cannot change all of those currencies mid week
[09:44] CC: how many countries are in the gcc?
[09:45] Phoenix3333: CC the launch was to be January 1st 2010
[09:45] spannster: Phoenix if they go first will you move some money into another gcc currency?
[09:45] Phoenix3333: CC right now 6 but with Iraq as a formal member that makes 7
[09:45] Phoenix3333: spannster nope
[09:45] Phoenix3333: no time to
[09:45] CC: well that would be friggin awesome
[09:45] spannster: ok
[09:45] CC: lets hope it pops
[09:46] debcaz: ****** was saying last night that he heard from a friend that western union custom house in Victoria British Columbia that they said they were exchange today
[09:46] Phoenix3333: And so far that has not happened
[09:46] pencer: they are pacific time line
[09:47] Phoenix3333: S be raedy for anything at any time
[09:47] CASHINN: Ready
[09:47] Phoenix3333: Seems we have the rate $2.47
[09:47] CC: yes siree
[09:47] Phoenix3333: and seems we have a deadline as per my intel of the 7 days
[09:47] Phoenix3333: so no less than $2.47 no later than Dec 21st
[09:48] pencer: custom house opens soon
[09:48] Soready: sounds good to me
[09:48] CC: what is custom house pence?
[09:48] Soready: western union
[09:48] Phoenix3333: Correct
[09:48] debcaz: so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:48] Gonna B Rich: 2 hrs est till they open
[09:48] CC: okay now trying to breathe
[09:48] Phoenix3333: and westren union is the only international money exchange contrat in Iraq
[09:49] dustbunny hoppin: western union bought custom house
[09:49] pencer: so prepare to woot
[09:49] Phoenix3333: they signed a huge deal a few months ago
[09:49] debcaz: so it can still happen in the middle of the day
[09:49] Phoenix3333: Deb....think Iraq time
[09:49] debcaz: phoenix...so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:50] Phoenix3333: The middle of the day here is at night in Iraq when the banks and shops are closed
[09:50] debcaz: oh its 7:00 pm over their
[09:50] debcaz: your right once again
[09:50] Phoenix3333: correct Deb
[09:50] Phoenix3333: lol
[09:50] Phoenix3333: not on me being right
[09:50] Phoenix3333:
[09:50] debcaz: at lest you dont yell at us
[09:50] Phoenix3333: on the time
[09:50] debcaz: least
[09:51] Phoenix3333: who wants to yell?
[09:51] Phoenix3333:
debcaz: will lets say getting mad at us
debcaz: for being dumb
Phoenix3333: I get mad at me
dustbunny hoppin: warn me Phoenix so I can get out from under your couch when you jump on it ok?
Phoenix3333: because i have found if someone makes me upset I have a problem