JESTER

[Jester] HI EVERYONE… NICE TO SEE YOU… DWIM WHAT IS YOUR QUESTION?

[DWIM] So. Was trying to think thru last night’s convo re UST in-house n Fed out-house (so to speak). And what the implications are.

[Jester] DWIM WELL THAT IS A COMPLICATED QUESTION… YOU CANNOT START IN THE MIDDLE..

[DWIM] Seems to me that in the end, it’s all wrapped up in the exchange rate. And that’s set by / thru the upcoming Basel accords.

[Jester] YOU HAVE TO UNDERSTAND WHAT CAUSED IT OR YOU WILL NOT UNDERSTAND THE ANSWER….
….

[Jester] DWIM NOT FAMILIAR WITH THE VIDEO BY THAT DEFINITION… YOU CAN BRING IT IN IF YOU LIKE…

[Jester] HI EVERYONE… NICE TO SEE YOU… DWIM WHAT IS YOUR QUESTION?

[DWIM] So. Was trying to think thru last night’s convo re UST in-house n Fed out-house (so to speak). And what the implications are.

[Jester] DWIM WELL THAT IS A COMPLICATED QUESTION… YOU CANNOT START IN THE MIDDLE..

[DWIM] Seems to me that in the end, it’s all wrapped up in the exchange rate. And that’s set by / thru the upcoming Basel accords.

[Jester] YOU HAVE TO UNDERSTAND WHAT CAUSED IT OR YOU WILL NOT UNDERSTAND THE ANSWER….
….

[Jester] DWIM NOT FAMILIAR WITH THE VIDEO BY THAT DEFINITION… YOU CAN BRING IT IN IF YOU LIKE…

[DWIM] Sorry. Was referring to the FED history, how deposits provide for a factor of 10:1 loan ability, etc. Just can’t seem to remember the titling of these references you’ve posted for so long here.

[Jester] OK… SO WHAT WILL YOU LIKE TO KNOW… THE EFFECT TO US… NOTWITHSTANDING WHAT CAUSED IT… RIGHT?

[DWIM] Yep.

[Jester] WE WILL PAY MORE FOR EVERYTHING… IF YOU CAN AFFORD IT…

[Jester] TOLD YOU IT WOULD NOT MAKE SENSE…. HAHAHAHA

[Goose] Jester Can’t believe prices now

[Jester] Goose YOU AIN’T SEEM NOTHING YET… WHEN THE INFLATION WE HAVE EXPORTED FOR DECADES GET HEADED BACK OUR WAY IT WILL BE A TRAGEDY..

[DWIM] Yes. Understand, N inflation takes effect as well. But

[DWIM] Taking a few further steps, wouldn’t that start to bring mfg back in-house?

[Jester] DWIM HOW LONG DO YOU SUPPOSE IT WILL TAKE TO GET ALL THAT STARTED BACK UP?

[diditrvyeet] Jester that would imply carter days?

[DWIM] Jester AT least the rest of my life (which I’d say isn’t all THAT long). But thinking of legacy n what we’ve left for our kids n gkids.

[Jester] OK… LETS TAKE A BIT OF TIME TO EXPLORE THIS FROM THE BIG PICTURE STANDPOINT… TRUST ME IT WILL MAKE BETTER SENSE…

[Jester] THIS WILL TAKE A BIT OF TIME…

[DWIM] I like big picture n drill down as details r needed for further response.

[Jester] OK… DOLLAR UP… GOLD DOWN… WHY?

[Lulu] Oil down

[DWIM] Rhetoric ?, right?

[Jester] DWIM NOPE… LEGITIMATE QUESTION…. I DO NOT DO RHETORICAL..

[hopen4it] Dropping of price of gold props up value of dollar

[Pilgrim] to reduce China’s reserve value?? Just a guess

[DWIM] K. Dollar is what gov’ts hold as their asset backing. Also hold gold. Relative worth of assets being adjusted. That what u r looking for?

[diditrvyeet] price of our debt

[Goose] The brics

[hopen4it] They are both being manipulated

[Jester] OK.. LOTS OF GOOD THOUGHTS… BUT THINK ABOUT THIS… THIS DOES NOT MEAN DOLLAR IS STRONG…. THE DOLLAR IS THE RESERVE…

[Jester] LOTS OF NATIONS CANNOT COMPETE BECAUSE THE US PRINTS MONEY AT WILL AND THEY CANNOT…

[DWIM] Yes n that’s at least partly what’s brought about BRICS.

[DWIM] So that brings about a re base lining of the reserve onto more than just USD being the reserve basis, at least that’s where this looks like it’s going.

[Jester] SO THEY TRY TO USE THE DOLLAR AS A HEDGE AGAINST WHATEVER ELSE THEIR ISSUE IS…

[Jester] BUT THERE ARE MANY OUT THERE ALREADY THAT HAVE GOT OVER IT AND ARE TAKING THAT SCENARIO AWAY… RUSSIA AND CHINA AND OTHERS ARE ALREADY TRADING WITHOUT THE DOLLAR…

[DWIM] Yes, That’s what’s meant by re base lining’: The currently sole reserve of the USD (which only WE can print) onto additional currencies that are used as reserve as well.

[Jester] DWIM BASEL III IS A WESTERN PRODUCTION… KEEP THE THOUGHT BUT IF THAT IS YOUR ONLY THOUGHT THEN YOU WILL NOT GET IT…

[DWIM] K. Got it.

[Jester] BECAUSE THERE IS A SERIOUS DISCONNECT RIGHT NOW ON WHO WILL BE IN CHARGE…

[Jester] YOU MIGHT AS WELL START THINKING OF IT AS EAST VS WEST… AND THE EAST IS NOT UNDER THE WEST’S CONTROL ANYMORE…

[DWIM] Yes, looks like there will be multiple organizations in ‘charge’,

[Jester] DWIM NOT THE WAY I SEE IT BUT PLEASE LET ME TELL YOU WHY…

[DWIM] Yep. I’m there. K. listening now.

[Jester] YOU ASKED A QUESTION… A VERY COMPLICATED QUESTION… LET ME TRY TO GIVE YOU THE ANSWER AS I SEE IT…

[Jester] AND I AM TRYING TO ATTACH THE ANSWER TO THE BIG PICTURE THAT YOU ALL CAN SEE IS CLEARLY UNDERWAY AT THIS TIME…

[Jester] OK SO THE WEST IS PRINTING MONEY TO STAVE OFF INFLATION… HAS BEEN FOR A LONG TIME… AND RIDING ON THE BACK OF THE OTHER COUNTRIES…

[Jester] SO LETS SAY THE US IS EXPORTING DEBT FOR LACK OF A BETTER EXPLANATION… THERE IS MATH INVOLVED BUT THAT IS NOT SO IMPORTANT AS YOU JUST TAKE IT FOR WHAT IT IS… DEFICITS EACH YEAR AND COVERED BY BONDS… ETC. ETC….

[Jester] THAT IS US GOVT DEBT BTW…. JUST TO BE CLEAR…

[Jester] WHICH JUST TO BE CLEARER… IS WHAT YOUR TAXES GO TO PAY…

[Jester] THE NUMBERS ARE PROBABLY HIGHER THAN WHAT THEY REPORT… THEY FUDGE THEM TO MAKE THEM LOOK BETTER..

[Jester] OK… SO WHAT HAPPENS…

[Jester] THE OTHER COUNTRIES REALIZE THIS.. THEY ARE NOT STUPID…

[Jester] BUT THEY HAVE NOT HAD A VIABLE ALTERNATIVE UP UNTIL NOW…

[Jester] SO… NOW YOU HAVE COUNTRIES STARTING TO WORKING WITH EACH OTHER WITHOUT THE DOLLAR…

[Jester] AN EXAMPLE… YUAN SWAP FACILITIES… WHERE COUNTRIES CAN USE THE YUAN TO SETTLE THE TRADE DEBT USING THE YUAN INSTEAD OF THE DOLLAR…

[Jester] THERE ARE SOME 20 OR SO COUNTRIES DOING THIS…

[Jester] AND THE COUNTRIES DOING THIS MIGHT SURPRISE YOU… HOW ABOUT JAPAN… AUSTRALIA… ENGLAND… GERMANY… JUST TO MENTION SOME WESTERN COUNTRIES IN ADDITION TO THE SEVERAL ASIAN COUNTRIES…

[Jester] NOW THIS IS WITH CHINA… BUT IN CASE YOU DID NOT NOTICE CHINA SURPASSED THE US AS THE LARGEST VOLUME TRADER OF IMPORTS AND EXPORTS IN THE WORLD A WHILE BACK…

[Jester] SO OKAY… THEY ARE DOING IT ALL WITHOUT THE DOLLAR…
 [Jester] SO… NOW LESS DOLLARS ARE USED FOR TRADE SETTLEMENT… AND NOW… THE OTHER COUNTRIES SAY… WE DON’T LIKE TO HAVE ANY MORE BONDS EITHER…

[diditrvyeet] Jester our leaders have to know this too

[Jester] HOW IS THE US GOING TO BRING IN IMPORTS?

[Jester] THE US IMPORTS AROUND HALF OF THE GOODS… HOW WE GOING TO DO THAT IF THE OTHER COUNTRIES SAY… WE DO NOT WANT TO BE PAID IN TREASURY BILLS OR BONDS ANY MORE?

[Jester] HOW WE GOING TO SUPPLY WHAT WE NEED FORM IMPORTS?

[Goose] Jester have to use oil or credits

[Jester] YOU SEE THE DIFFERENTIAL SHIFT HERE?

[Jester] Goose VERY SMALL AMOUNT OF COLLATERAL THERE…

[Jester] AND THEY ARE NOT LOOKING TO COVER YOU… LISTEN ON…

[Jester] SO THE DOLLAR IS NOT SO LIKED OR WANTED… THE NATIONS ARE ALREADY DEVELOPING AN AVERSION TO TAKING THE DOLLAR…

[Jester] SO… YOU HAVE A FEDERAL RESERVE NOTE… FALLING APART AT THE SEAMS…THE THEORETICAL REPLACEMENT AT THE UST WILL BE THE USN…

[Jester] SO THE FRN FALLS SOME 30% MAKING IT AROUND 40% MORE EXPENSIVE TO IMPORT…

[Jester] NOW… WE WILL HAVE TO SEE HOW THEY PLAN TO IMPLEMENT THE USN… HOW THAT HOLDS UP WILL BE BASED ON HOW THEY IMPLEMENT IT…

[Jester] IF THEY MANAGE TO INSTITUTE IT AS GOLD BACKED AS THEY ARE TRYING TO THEN THAT SHOULD HOLD UP OKAY BUT NOT SO FAST… THERE ARE OTHER FACTORS AND IT COULD START OFF ON A HARD FOOT TOO… DO NOT ASSUME EVERYTHING WILL BE HUNKY DORY… THAT IS NOT FOR SURE…

[Jester] THE US MIGHT START TRYING TO EXPORT THINGS WE NEED HERE TO MAKE UP THE DIFFERENCE… AND THAT WILL COMPLICATE THE SITUATION…

[Jester] SO… WHO PAYS?

[gbs] we do

[Jester] GUESS WHAT… YOU STILL PAY FOR IT… OVER THE NEXT FEW YEARS OR DECADES WE WILL STILL HAVE TO BRING THE LEDGER INTO BALANCE……

[Jester] I PREDICT SOME SHORTAGES… THAT IS WHY I HAVE SAID TO HAVE A CAN OF BEANS ON HAND JUST IN CASE… YOU DO NOT LIKE TO BE OUT THERE BEATING YOUR BRAINS OUT WITH THE REST OF THE YO-YOS THAT DO NOT KNOW ANY OF THIS..

[Jester] YOU KNOW… IF YOU DO NOT PREPARE THEN YOU HAVE NO ONE TO BLAME BUT YOURSELF…

[Goose] Jester So true

[Jester] IF IT DOES NOT GET TO THAT POINT THEN DONATE A FEW CANNED GOODS TO THE HOMELESS AT CHRISTMAS… HAHAHAHA
[Jester] I WILL SAY THIS… AND I AM NOT DOING THIS FROM ANY SORT OF PEDESTAL….

[Jester] I HAVE BEEN RIGHT SO FAR… WE ARE STILL HERE… WHAT IF I AM RIGHT ABOUT THIS TOO… JUST SAYING…

[Jester] IF YOU BELIEVE THAT YOUR GOVERNMENT WOULD NEVER DO THIS TO YOU THEN KEEP DRINKING THE FLUORIDATED WATER KOOL-AID… HAHAHAHAHA

[gbs] Jester it sounds like we need much more than 6mos worth?

[Jester] gbs I KIND OF DOUBT THAT… THINGS SHOULD LEVEL OUT… BUT WHO KNOWS…

[gbs] ok thanks

[DWIM] FWIW, people I’ve talked to measure in terms of 2-3 months. That’s what we’ve planned for.

[Jester] DWIM I HAVE TOLD YOU EVERYTHING I KNOW ABOUT THE DIFFERENT SCENARIOS THAT EXIST… I HAVE MADE EVERY EFFORT I CAN TO EDUCATE PEEPS ON WHAT I AM DOING…

[Jester] SOME HAVE TAKEN ADVANTAGE OF THAT… SOME HAVEN’T… I AM PRETTY SURE THOSE THAT HAVE ARE IN A GOOD PLACE… FOR EVERYONE ELSE I JUST DO NOT KNOW FOR SURE…

[Goose] Jester And we thank you for that

[DWIM] Was thinking about last night’s read and boiling down into only a few things:

[DWIM] First, it’s all in the exchange rate (i.e., betw in-house valuation and outside the in-house valuation)…

[DWIM] Our ability to be the sole basis of exchange is no longer viable…

[DWIM] And, this’ll, over a period of time, will drive mfg back into this country, mostly due to self-sufficiency, etc.

[Jester] I DO NOT TRUST OUR GOVERNMENT TO “DO THE RIGHT THING” ANYMORE…

[Jester] DWIM WILL TAKE SOME TIME… AND IT WILL BE HARD UNTIL THAT HAPPENS…

[diditrvyeet] Jester they knew this scenario for how long and still resist?

[gbs] Jester why is china buying up so much real estate in the west

[Jester] gbs BECAUSE THEY CAN… IT IS CHEAP… AND THEY LIKE IT.. SO WHAT?

[gbs] just wondering

[DWIM] Also, real estate is an asset.

[LuckyB] Jester .. is buying up property like buying up stock in a company ?

[Jester] LuckyB JUST PEOPLE BUYING THINGS… THEY CAN AFFORD IT… IT IS NOT GOING TO GO AWAY… WHAT IS THE BIG DEAL?

[LuckyB] i was looking at it like an invading country .. buying up key points in a country ..

[DWIM] Related to your comments, I was thinking that our printing of the USD is actually monetizing our own inflation. Eventually, we end up having to come back n pay up what we committed to.

[Jester] DWIM I THINK I WAS JUST TRYING TO EXPLAIN THAT IN MY SCENARIO… I SPECIFICALLY MADE THAT POINT…

[DWIM] J: Yes, I understood that. Thanks for the great

[Lulu] Jester does this mean the republic is not going to happen?

[Jester] Lulu WHY WOULD YOU THINK THAT?

[Lulu] Jester Okay this is my setback from last nights convo if the U.S. govt is a corporation masking as the govt in bed with fed and America kick out the fraudsters and restores constitutional govt is asset backed and restores the republic why do Americans have to pay back the imaginary debt?

[Jester] Lulu OH ME… YOU THINK THE REST OF THE WORLD IS JUST GOING TO SAY… AWWWWW… POOR STUPID AMERICAN PEOPLE… YOU DID NOT TAKE CARE OF YOUR BUSINESS… WE’LL JUST LET YOU HAVE A FREE RIDE AND COVER YOU…

[Lulu] Because of the fraud that it has perpetuated on the world

[Jester] IT IS NOT IMAGINARY DEBT.. THAT IS THE FIRST PROBLEM…

[Jester] Lulu SO WHAT? WE ARE THE PEOPLE OF THE GOVERNMENT… THE OTHER NATIONS DO NOT GIVE A RAT’S BEHIND ABOUT THAT…

[Lulu] Got it, most at the govt’s have been incorporated why are the fraudsters not held responsible?

[Jester] IF YOU BELIEVE ALL THAT FORGIVENESS OF DEBT BS PERPETRATED BY SOME THAN ALL WELL AND FINE… GOOD LUCK WITH THAT…

[Jester] Lulu BECAUSE THAT IS THE WAY THE WORLD WORKS?

[grace2beme] I am sure those top ten percent wealthy will bail us out! Now that they do business out of country,

[Jester] BECAUSE THE AMERICAN PEOPLE DO NOTHING AND SAY NOTHING? GOT OUR HEADS IN THE SAND? ARE ILLITERATE? JUST SAYING…

[Lulu] Jester that sucks I’m going to visualize something different

[Jester] Lulu WELL I HOPE THAT WORKS… BUT I DOUBT IT…

[Lulu] And be prepared

[Jester] NOW THAT IS A BETTER COURSE OF ACTION…

[grace2beme] Don’t believe that! The word is getting out!’n

[Jester] grace2beme YOU DON’T BELIEVE THE REALITY OF WHAT IS GOING ON IN THE WORLD THAT WE CAN ALL CLEARLY SEE? HMMMMMM….

[Jester] GUYS THIS SCENARIO IS UNDERWAY… ALL YOU HAVE TO DO IS LOOK IN THE NEWS AND SEE IT…

[Jester] THE EAST IS WORKING THE PLAN… AND THE PLAN IS GOING TO RESULT IN THE FALL OF THE DOLLAR FROM GRACE… THEY DO NOT WANT IT ANYMORE…

[Jester] AND WHEN RUSSIA AND CHINA ARE ON BOARD… AND JAPAN AND AUSTRALIA… AND THEN ALL THEIR BILATERAL TRADE PARTNERS START DOING THE SAME… HOW MUCH MORE CAN WE LAST PROPPING UP A USELESS COMMODITY THAT NO ONE WANTS….

[Jester] AND THE LIST IS HUGE… THE ENDGAME IS UNDERWAY…

[Lulu] Jester I love America but I am Canadian and your America is our biggest trade partner do we go down with the ship?

[DWIM] IMHO, this is why there will be not so hard a fall as some might think.The pendulum must swing back to a more normalized place, or there will be war about it (has happened before).

[Jester] DWIM SO YOU ARE HOPING FOR A WAR TO SAVE YOURSELF… HAHAHAHA

[DWIM] No NEVER another war; too high a price.

[Jester] THAT IS SHORT SIGHTED… THIS HAS TO HAPPEN IN ORDER FOR THINGS TO BECOME THE WAY THEY ARE SUPPOSED TO…

[grace2beme] Most of us were too busy being of the world instead of in it!

[Jester] THERE ARE DEGREES OF DIFFICULTY HERE… DEPENDS ON WHEN OUR LEADERS MIGHT FINALLY ACTUALLY START TO SEE WHAT IS GOING ON… AND IF THEY DECIDE TO HELP MAKE IT EASIER OR CONTINUE DOWN TO THE LAST SECOND FIGHTING THE SITUATION AND LET IT ALL GO TO HELL IN A HAND BASKET…

[Lulu] Selfish greedy , so not representing the people no wonder they are militarize get the police they are going to need protection

[Jester] ANYWAY… TOLD YOU IT WAS A COMPLICATED ANSWER… BUT IT IS WHAT IT IS… YOU CAN BELIEVE IT OR NOT… BUT THERE ARE A LOT OF VERY SMART ECONOMIC TYPES OUT THERE SAYING MUCH THE SAME THING… AND I DO NOT THINK OUR GOVERNMENT IS THAT SMART…. SORRY… OUR GOVERNMENT IS A COLLECTION OF CHICAGO HOODS THAT HAVE NO CLUE…

[Pilgrim] sad but true

[Lulu] It was an excellent explanation jester

[LdyFaith] Jester,,, so the good news is,,, we become self sufficient,,,,,, bible thumping,,, gun toting “Americans” again,,,,, and take care of our own business ???,,, instead of the “self centered ,,, self serving,,, everyone owes me everything society we have now

[Jester] LdyFaith THAT IS PRETTY MUCH THE WAY I SEE IT… BUT AT SOME TIME WE HAVE TO GET CONTROL OF THE SO CALLED GOVERNMENT…

[LdyFaith] Jester,,, I agree,,, and I don’t think enough will wake up,,, til they are starving,,, sad to say

[Jester] LdyFaith AND THAT MAY BE WHAT IT TAKES… SAD THAT IS WHAT MAY HAVE TO HAPPEN TO WAKE PEOPLE UP….

[LdyFaith] Jester,,, I know,,, and thanks as always for being here,,,, we are the top 10 % ,,, and we can get it done,,,, not easy though

[Lulu] Looking back now it is so clear that they wanted to go the hard way police brutality , gun grab, military vehicles, and now sending the national guard and reserves to ” fight” ebola – that’s like fighting a ghost their plans are pretty clear

[Jester] SOMEONE SENT ME A NOTE THAT CHINA HAD TAKEN OVER THE IMF… I JUST SHOOK MY HEAD… THE IMF DOES NOT BELONG TO ANYONE TO TAKE OVER… NOTWITHSTANDING THE FACT WHY THE HECK WOULD CHINA WANT IT WHEN THEY HAVE THE BRICS… MAKES PEOPLE LOOK STUPID…

[grace2beme] Jester I’m sorry I don’t agree I believe people are listening! I’ll shut up because I probably got in on the end of the conversation!

[Jester] grace2beme THERE ARE A COUPLE THOUSAND DINARIANS… AND I DO NOT SEE MANY OF THEM HERE… SO DISAGREE ALL YOU LIKE BUT THE NUMBERS DO NOT LIE…

[Jester] THESE PEOPLE MAY BE IN A POSITION TO HELP WHEN THAT GOES DOWN… BUT NOT IF THEY HAVE NO KNOWLEDGE OF WHAT IS REALLY HAPPENING…

[Jester] THAT IS THE SAD PART… THOSE THAT MAY BE IN A POSITION TO HELP WILL NOT HAVE ONE SHRED OF KNOWLEDGE ABOUT WHAT TO DO…

[diditrvyeet] Jester yep they need to do the right thing but haven’t yet

[Jester] MOST OF THEM STILL DO NOT BELIEVE THERE IS A BIG PICTURE… OR THAT IT AFFECTS THEM….

[LdyFaith] Jester,,, I don’t think it will take long before they know,,,”If and when” this goes down,,, wont have long to really prepare, ,I think things will change very fast in this country

[Jester] WE PREDICTED THIS SCENARIO WOULD HAPPEN OVER A YEAR AGO… NOW THAT IT IS MUCH MUCH EASIER TO SEE THEY ARE STILL BLIND TO IT…

[diditrvyeet] Jester i think they just want to believe the GCR solves all the problems

[Jester] diditrvyeet THIS IS TRUE… AND MANY OF THEM ARE STILL SITTING AT THE COMPUTER THINKING IT IS TOMORROW…

[Jester] ANYWAY… IT IS WHAT IT IS… THE PEOPLE ARE AMBIVALENT… THAT IS WHY SHEEPLE IS A GOOD WORD… SHEEP ARE AMBIVALENT… THEY ARE TOO STUPID TO RUN AWAY FORM A WOLF THAT IS ABOUT TO EAT THEM… HAHAHAHAHA

[Jester] HAHAHAHA… WELL… I WILL BE LONG GONE BY THE TIME ANYONE FIGURES OUT I HAVE LEFT… YOU CAN COUNT ON THAT…

[Lulu] Thank you so much jester and most excellent mods I so appreciate your time and dedication I no longer walk in the dark and I am so grateful to you!

[Jester] SO I HOPE YOU ARE ALL READY… THERE ARE 3 THINGS PROJECTED TO GET IN A FIGHT OVER… GAS… FOOD… AND MONEY… MAKE SURE YOU HAVE SOME OF THOSE ON HAND JUST IN CASE…

[Jester] LETS HOPE IT DOES NOT COME TO THAT… BUT IF THINGS DO FALL THAT BAD… THERE ARE GOING TO BE SHORTAGES AND THINGS WILL GET TIGHT…

[Jester] BEST TO JUST STAY HOME IF YOU CAN… HAHAHAHA….HOPEFULLY THE CABLE DOES NOT GO OFF… HAHAHAHAHA

[Jester] YOU GUYS TAKE IT EASY… SEE YOU TOMORROW…NIGHT NIGHT…