"BEAVER WEST VIRGINIA CHASE BANK STORY: QUESTIONS", 15 DEC

 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.