Frank26 (KTFA)
[Beaver West Virginia Chase Bank Story]
BANK STORY LADY: …I got into the wealth department…The lady was very pleasant and nice and she said, ma’am I do have the currency…She explained they should be all set up a week from Friday.
FRANK: I guess it’s no secret.
Bank Story Lady: I said I would love to be your customer. You respect me, I will respect you...I asked what would I need to do? She says just come right up in here to this branch office and we’ll take care of you.
FRANK: They’re ready to do exchange with any foreign currency but they’re not ready for the dinar until a week from this Friday.
Bank Story Lady: …I said I do have dinars, but I do have others…[she says] Yes ma’am we should be ready a week from Friday.
FRANK: They didn’t deny the dinar will be exchangeable, they told you we’ll be ready for the dinar a week from this Friday…that’s the 21st or 22nd…
Question:
“How fast do you think the rate will increase [Once it floats]?”
Frank26: I always thought within a year. [Now] Anywhere within 3 to 6 months IMO.
1 to 1 is stupid…Did they not say their desire is to be on par 1 to 1 with the American dollar? Did they not say their desire is to take that relationship and de-peg from the dollar and go into a basket where the dollar, …instead of being pegged, will be paired with the dollar along with many other currencies…They told us that did they not? I didn’t make this up in my imagination. This is the monetary reform plan…They told us about what is going to happen on the 1st…1 to 1 in a basket to start out with? No. IMO when it comes to calculating…look at inflation factors…M1, 2 and 3 figures …No – 1 to 1 is stupid…it’s ridiculous.
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