Delays in Funds transfers, bank payments?

[rj1]

Re: Delays in Funds transfers, bank payments?

I did one a few weeks ago for about 4k and it took a day. Didn't strike me as anything outside the norms.

[Guest]

Re: Delays in Funds transfers, bank payments?

metalman and jk never use caps in their posts. ... neither does my sister, and i haven't spoke to her in twelve years 'cause she's a twit. but metalman and jk don't seem to be twits (nobody could come close to my sister in sheer twittiness anyway). so what's the connection? ... :confused: there must be an esoteric connection in all this. ... :confused:

i think they must all have grown up reading e.e. cummings. or something.

[jk]

Re: Delays in Funds transfers, bank payments?

metalman and jk never use caps in their posts. ... neither does my sister, and i haven't spoke to her in twelve years 'cause she's a twit. but metalman and jk don't seem to be twits (nobody could come close to my sister in sheer twittiness anyway). so what's the connection? ... :confused: there must be an esoteric connection in all this. ... :confused:

i think they must all have grown up reading e.e. cummings. or something.

laziness and being inconsiderate explains it for me.

[rj1]

Re: Delays in Funds transfers, bank payments?

you don't mean this guy, do you?

Are Currency Controls Coming? If They Are, What Should You Do About It Now, Before They Hit?

gary north and his hand-picked team of fundamentalist Christian, right wing whack jobs.

seriously, this looks more like the real deal...

U.S. Pressures China With Currency Legislation
By Christopher S. Rugaber, AP Business Writer
Manufacturing.Net - July 27, 2007
WASHINGTON (AP) - A Senate panel overwhelmingly approved legislation that would give the United States additional tools to pressure China and other countries accused of manipulating the value of their currencies.

The bill, sponsored by Sens. Max Baucus, a Democrat, and Charles Grassley, a Republican, passed the Senate Finance Committee by a bipartisan vote of 20-1 on Thursday.

The measure would apply ''to any trading partner with (an) out-of-whack currency,'' Grassley said. And because many of the bill's punitive measures don't kick in for six months or a year, ''It's a velvet glove with a steel fist inside,'' he added.

If that is going to apply to China, that better apply to Japan. They're manipulating their currency downward just as much as the Chinese.

the usa will try to hurt china in other ways first, such as tariffs to punish it for distorting currency prices.

The supposedly "free trade" Republicans would filibuster and President Bush would veto, if we take the assumption that they stand behind the principles they've been touting for the last 20 years.

[jk]

Re: Delays in Funds transfers, bank payments?

If that is going to apply to China, that better apply to Japan. They're manipulating their currency downward just as much as the Chinese.

the japanese haven't been the menace since the '80s!

The supposedly "free trade" Republicans would filibuster and President Bush would veto, if we take the assumption that they stand behind the principles they've been touting for the last 20 years.

ha. like small government and balanced budgets? and, w's own contribution to republican ideology, no nation building? and restoring dignity to the office? [stop me, please.] anyway, i think the more important issue is whose payroll they're on.

[Spartacus]

Re: Delays in Funds transfers, bank payments?

I forget where I read it but the Japanese government is not themselves devaluing Yen.

All the work is being done by the carry trade and the Tokyo Housewives.

If that is going to apply to China, that better apply to Japan. They're manipulating their currency downward just as much as the Chinese.

[metalman]

Re: Delays in Funds transfers, bank payments?

laziness and being inconsiderate explains it for me.

where's the caps key? THERE IT IS. NOW I CAN TYPE USING CAPS. TYPE-ITY, TYPE-ITY TYPE TYPE TYPE. OH, SHIT! HOW DO I TURN THIS ******* THING OFF!

whew! that's better.

[Guest]

Re: Delays in Funds transfers, bank payments?

See JK? Metalman is evidently a lot more polite and considerate than you.

[GRG55]

Re: Delays in Funds transfers, bank payments?

I forget where I read it but the Japanese government is not themselves devaluing Yen.

All the work is being done by the carry trade and the Tokyo Housewives.

jk and i would love it if the max and charlie gong show would do something about the carry trade, mrs. watanabe, or whomever is behind the depressed value of the yen. and this all lower case stuff is addictive.

[touchring]

Re: Delays in Funds transfers, bank payments?

i'm saying worry about currency controls are alarmist, at least at this point. won't be any. the usa will try to hurt china in other ways first, such as tariffs to punish it for distorting currency prices.

that gives me an idea. maybe this whole game of letting the dollar tank is a way to punish the rest of the world for not ganging up with the usa on china in this currency dispute?

Tariffs will hurt American business many times more than it will hurt China.

1. American retailers will have to absorb the tariffs short term.

2. A US consumer is not going to stop buying a toy that costs $5 instead of $4 (assuming 25% tariff), but China is going to buy an Airbus if it costs $10 million less (assuming only 5% tariff).

3. Tariffs will not help increase American jobs in anyway - Mattel is still not going to make the toy in America regardless of what tariffs, whereas tariffs will force Chinese importers to make the planes or gadgets themselves - hell, what is it they can't manufacture themselves, given enough time, and forced to do it?

4. GM, Ford, Chrysler will still continue to gradually lose out to Toyota and Honda regardless of what tariff is applied to Chinese goods, in fact, they may lose even more than before, if they got to pay tariffs on their chinese parts - remember that GM has factories in China.

5. Nowadays when you open up an American or European manufactured car, probably one third of it is made from parts, plastics or resins imported from China. Tariffs will force American manufacturers to move to China to avoid the tariffs!!

[GRG55]

Re: Delays in Funds transfers, bank payments?

it's comforting to think the whole great fuck-up is a nefarious scheme instead of just greed and stupidity run rampant

Aren't the Lizard-People behind it all?

[touchring]

Re: Delays in Funds transfers, bank payments?

I forget where I read it but the Japanese government is not themselves devaluing Yen.

All the work is being done by the carry trade and the Tokyo Housewives.

At less than 1 per cent interest rate. Who wants to hold Yen?

[GRG55]

Re: Delays in Funds transfers, bank payments?

At less than 1 per cent interest rate. Who wants to hold Yen?

Jim Rogers. Marc Faber. Me.

[jk]

Re: Delays in Funds transfers, bank payments?

At less than 1 per cent interest rate. Who wants to hold Yen?

me, too.

it's gone from roughly .875 to .903 in the last 3 days!

[Guest]

Re: Delays in Funds transfers, bank payments?

Jack Crooks says Yen is a screaming medium term buy. Likes Swiss Franc too. I just signed up for his currency ETF service but have not actually bought anything there yet. He says by executing maybe a dozen timing trades a year he can (I infer) generate 40% annual returns with fairly low risk.

Anyone have any input on that or about his currency options as well? The non-options currency ETF, with Crook's timing expertise, looks very good risk-adjusted.

And for Outback Oracle, wondering what anyone sees in the Aussie dollar, Crooks seems to think it's got lot's of upside in years ahead, after an overdue big correction.

I'm interested in any comments abot Crook's currency ETF timing service if anyone knows.