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Thoughts from S3A Members on Forex Sunday Afternoon
Is FOREX live everywhere simultaneously? Posted by Olewiseone on September 14, 2014 at 8:08am
I’m confused…Could someone please explain to me how exchanges can be happening when the banks use Forex as their reference for rates? And if Forex is live in one place, isn’t it live everywhere?
The only way people could be exchanging is if there are moments of what they call “testing” the system, which means only privileged people are exchanging…no one else. Isn’t that illegal if the public is still not exchanging???
That being said, will the public ever exchange or will the system completely revamp itself to be integrated into the SDR system that is in progress? In which case, how could we ever prove the RV ever took place? I hope this is stinkin thinkin on my part!!!
….
Nevada Joe September 14, 2014 at 9:24am I have a good friend who is a Wells Fargo wealth manager. I had a bourbon with him last night and I asked him the exact question you did.
He said it didn’t add up either. He said it is possible that the rates would be live and not on forex but he made a couple calls and said there was nothing going on with dinar. He said it should show up on forex when it comes time for us to exchange.
The only thing he did say was that there may be testing going on where folks are not exchanging for real but they are going through the process on systems that are not tied to production. He texted someone to see if there was any testing going on and he didn’t hear back.
If it’s testing there are no real exchanges happening. I’ve learned a long time ago to read any intel and move on. The best indicators for the RV will not be a bunch of pictures it will be a 800 # and a rate on forex.
I feel like we’re close this time. Things seem different but it could just be the guru hype so I’m reserving my excitement until there’s something credible.
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BlessingGalore > Nevada Joe Yep read and move on my source with WF IS VERY HIGH up and basically said don’t believe the hype. I am inclined to believe her since these similar rumors have been making the rounds for months. Didn’t want to post feedback in Intel as I would be deemed negative. Good advice read Intel and move on
********** Olewiseone > Nevada Joe EXO said, “Most banks do not get rates from FOREX.”
“ Olewiseone September 14, 2014 at 8:04am I’m confused…Could someone please explain to me how exchanges can be happening when the banks use Forex as their reference for rates? And if Forex is live in one place, isn’t it live everywhere? The only way people could be exchanging is if there are moments of what they call “testing” the system, which means only privileged people are exchanging…no one else. Isn’t that illegal if the public is still not exchanging???
That being said, will the public ever exchange or will the system completely revamp itself to be integrated into the SDR system that is in progress? In which case, how could we ever prove the RV ever took place? I hope this is stinkin thinkin on my part!!!
EXOGEN > Olewiseone September 14, 2014 at 8:06am Most banks do not get rates from FOREX“
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Olewiseone: Also, Carden gave the following explanation, which is quite interesting:
Carden > Carden September 14, 2014 at 9:08am To explain this “monetary system”… the previous “monetary system” had UST as the kingmaker. UST held USD/EUR/ASSETS and most importantly coordinated the technology to manage the movement of money all over the world. They were the financial watchdogs dispensing justice and money.
Every country was controlled by USD/EUR, used to fund infrastructure and coordinated through UN-approved projects, with trade settlements coordinated through IMF/BIS and which was tracked throughout. It was a good “monetary system”.
Yet, along came competition from BRICS which is establishing its own “monetary system”. And, along came new software, within the existing “monetary system” all to stay in the forefront – the best and the fastest and the safest and the strongest. Fair competition now is about to begin.
It’s all good, until you consider the “private monetary system” that ultimately controls the flow of money for USD/EUR. Bringing the dark-dealings to light has been the major endeavor we’ve all seen happening.
And like all HUGE CORPORATIONS around the world, with internecine tentacles reaching deep into every major country via its central banking system, it’s a Herculean task, to say the least.
With 100,000′s of employees it’s not difficult to maneuver with multiple layers of protection. This corporation has the control of software, including every major commodities trading software with an architecture that establishes privileges for viewing.
I say all of this because we aren’t seeing the rate adjusted yet because the (private) monetary system has not accepted this global currency valuation policy and rolled it out for trading via its vehicle (CME, trade desks, etc.).
Simple.
They can deal on a handshake delivered from a system other than the (private) monetary system and are legally protected.
It’s fair competition!
Source: http://nesaranews.blogspot.com/2014/09/thoughts-from-s3a-members-on-forex.html
