I missed a portion of Poof in the original posting. My apologies.
Greetings and Salutations,
Be aware of the discussion and the excitement being created by some talkers out there saying that the RV is happening this weekend. We await the same data that you are reading and pondering [meaning?].
If it would become a reality this weekend, it won’t last long; the banks will shut down any endeavors where people are removing USofA funds [in] exchange for their foreign currency; and that isn’t going to be a good situation.
We think you could go and get the exchange but not take that much cash out of any one of there [sic] banks; first the banks don’t have it; secondly they don’t want to lose their dollars, and thirdly they aren’t prepared for a large cash out dealing; there is more but that is the nuts and bolts of it right now. The dam will break as soon as the USofA contractions are complete.
Whether you can go to any bank and make your deal is not a done deal. There are so many operators and backdoor issues to be overcome. It’s going to be a fine day when it does [a fine day when you can?].
As far as the PP’s — they too are in the middle of this entire game-changing wild turkey debut. There are many aspects that are up for grabs and many banks are not equipped or are ill equipped to handle that too. The bankers may come back with a different dollar, ask to trade out something different, give you an option or not. It’s every man for himself these days and that is what you’re dealing with.
The makings of a crisis are also smack in the middle of all of this. We are waiting to deliver much better news as these issues unfold.
The die is cast and the days and weeks ahead are sure to be very uncomfortable for many as well as extremely confusing. Money makes the world go around —when there is enough of it.
Right now. There isn’t. ….
Love and Kisses,