(Note: This OPINION was written by a Financial Professional and Dinarian who wishes to remain anonymous today.)
Why have we not started our processing and cash out of the revalued currencies? What are we waiting for?
We have been told and conditioned for so long, heard all of the stories, been beaten up with disappointment after disappointment.
It comes down to one thing, the banking legislation!
Tomorrow the Volcker rule will be announced as completed. The final piece of Dodd/Frank. The final piece to the U.S banking system being Basel III compliant. This has been the struggle all along.
The Volcker rule will be our protection.
Protection from what? Banks being able to use our newly deposited money to be risked, at will and with no recourse.
No more Proprietary Trading. Not just from the currency exchange, but from Prosperity Packages and WGS funding money (not monies for the Countries, since they use Central Banks).
Think about it, we are talking quadrillions of cash flow being deposited into the U.S. Banks and the banks could just risk it for personal profit, risking a total crash of the global economy again.
NOT GOING TO HAPPEN!!!! Those days are over tomorrow.
All U.S. banks, including the big 4 will go back to Saving and Loan banks, just like they were back in the 70’s and 80’s.
Once the U.S banks are fully Basel III compliant, the rest of the world’s banking systems will follow suit. Thus giving us a totally new and transparent banking system.
Now please do not confuse Basel III with the Gold standard. The Gold Standard will follow along in 2014, along with the new asset backed system and new paper currency.
The digital currency will be protected by the asset backed system/gold standard, and already is. 2014 will be the year of changes and announcements. Some good/ some bad. Does not matter to me, I will be paid and moved on from the nightmare. LOL
Now we have been told we were waiting for announcements. Too many times to remember.
The actually announcement occurred last Thursday, when Jack Lew was out in public, talking about how we won! No More too big to fail banks. Do not believe me? Then do a google search. You will see it for yourself.
Now please understand, I am not saying that this is the end all for us, but needs or needed to take place for us all to securely exchange our currency and protect our new found wealth from the banks.
Praying that this will be the trigger for the PTB to release all of the monies to everyone.
Remember back in the beginning of July, when we were done? The same groups that will be voting on the Volcker rule, just voted on Basel III and approved it. That was it, we all thought. Finally.
unfortunately, that was not the case, but what it was, for the banks, was the announcement that it is time to get ready for changes. Meanwhile we were hearing everyday. Crazy excuses. Just pure sensational stories that we all became raptured in.
Now fast forward to September. We are done again. The evil FED ( LOL) will taper. Job numbers were average. Then comes the excuse the banks were not ready. The FED does not taper. Nothing happens. Wait the banks are not ready? How could that be. Oh that's right, the dinarians only focus cashing out. The banks were not ready for Basel III compliance, mostly the smaller banks (over 500 million in assets). Which now brings us to today.
The FED is talking Taper again. The Job numbers for November and December were great.
Jack Lew put the final notice to the banks. Be ready or be left behind ( BTW NO Bank will be left behind).
So now, that brings us back to the Volcker rule and the Dodd/Frank. The Dodd/Frank that was voted into law by our government back in 2010. Come on, really. YES!
The excuse, by the banks has been the Volcker rule. The lawyers argued, for the banks, that it was to complex. they needed time to adjust. etc.... All along pushing it off so they (the banks) can continue to make a ton of money. Hopefully this helps a little more.