FRIDAY, OCTOBER 23, 2015
TERRYK CHAT UPDATE WITH MAC, 23 OCT
terryk:
Morning all
kenbbq1:
morning Terryk
mac:
Good morning get team family!
terryk:
hey mac
terryk:
ken
terryk:
colorado
mac:
TK
terryk:
beach
terryk:
mike
.MikeH:
Terryk mac good morning
mac:
Colorado can you believe frost on the windshield and knee deep snow in the mountains!!!
mac:
BEACH!!!!!!!!!
mac:
mike
mac:
ken
mac:
it’s like the mouseketeers
Colorado:
We did not get frost in springs
terryk:
its 102 in the hot tub…
mac:
grrrrrrr
mac:
dislike cold.
.MikeH:
it is 81 in Destin FL come on down
terryk:
pool water 54
mac:
you guys are not my favorite right now. haha
Colorado:
Shower water — never mind
.MikeH:
the pool temp is 79.6 and they say it is too cold to go in
terryk:
tell them where your from mike
kenbbq1:
TerryK and Mac what do ya’ll know about ecosoc…..
terryk:
they will understand
.MikeH:
I did
kenbbq1:
TerryK it is just his Destin…..
mac:
what is ecosoc? Socks made from biodegrable material?
terryk:
yea what is it
kenbbq1:
Iraq was voted in yesterday
mac:
Socks with an echo?
terryk:
voted where
mac:
Voted what?
terryk:
I did see where budget will be approved this month
terryk:
and maybe today
mac:
Yes just voted tho.
kenbbq1:
to be voted in have to be global…..
terryk:
Wow
terryk:
so we wait to see HCL
kenbbq1:
won’t the HCL and RV come out together?
terryk:
it can
terryk:
but like to see discussions indicating that
mac:
ken, be careful, I read that as only exposing Iraq to the International forum not them being req’d to be international
Tommy864:
Good Morning Everyone From NYC God Bless America
mac:
It’s only a council within the UN.
terryk:
hey tommy
mac:
I saw it this AM too long to read and make here on time I will go back and read it in its entirety.
terryk:
so what’s up with zim
mac:
IDK 3 articles alone this morning
kenbbq1:
Here is the link
Colorado:
It’s a currency from Zimbabwa. you can get it on line
kenbbq1:
http://www.investopedia.com/…xzz3pMOi6roI
terryk:
To funny
Colorado:
that’s all I got – I’ll be quiet now
mac:
Colorado, your to funny
kenbbq1:
Godskid: my questions: any rumors on what zim notes will not be considered for exchange? Are the rumors still the same on the currencies being driven up quickly by the markets and then settling down to around the orginal rate where it started?
terryk:
I heard months ago they were going to make a calling on the notes then wait for a period then try if allowed to do something with them
terryk:
now I see today there is a discussion and maybe some funding
kenbbq1:
what is a calling?
terryk:
calling them in
kenbbq1:
ok thanks
mac:
ok ill go…. On the ZIM, haven’t followed closely enough to comment. The currencies driven up is only one of several possibilities. I wait for the RV to see. Until then, idk
terryk:
well said mac
mac:
thanks.
kenbbq1:
I think Mac is in politics…..
mac:
As long as I can get a Dr. Rom Paul haircut
Tommy864:
any news on the Rial currency
terryk:
not a thing tommy, I really don’t follow Iran, however I let a person start posting info about that country in here a few days ago
mac:
Still not a released currency. This one will still need more info.
mac:
And time to brew.
mac:
speaking of brew….
terryk:
only because I feel that it may have indicators on Iraq
kenbbq1:
TerryK do you think Iraq and Iran will go together?
terryk:
yes
terryk:
I do
kenbbq1:
Still no word from Laggard on the new reserve currency?
terryk:
none
kenbbq1:
I wonder if they are waiting for this to pop! That would mean even Laggard doesn’t know….
terryk:
that means no one knows
terryk:
and that is why it has not happened yet
terryk:
everyone thinking someone else has to turn iton
terryk:
it on
mac:
ok back. REFILLS! The second best cup of the day!
kenbbq1:
So all the players call each other every morning going is it today…..
terryk:
no I think they sit in a circle
terryk:
and do the circle thing
terryk:
spin the bottle
terryk:
or jerk
kenbbq1:
duck duck goose
mac:
The problem is the person who was supposed to bring the button left it in his other coat.
terryk:
no I think they forget to bring the bottle
Colorado:
maybe they are playing pass the bottle, not spin
mac:
TK what did you think about the letter to abadi from one of the MPS?
terryk:
more like pass the buck
kenbbq1:
bottle or the middle east pipe
terryk:
what letter Mac
mac:
Naw hookah
terryk:
did not see it
kenbbq1:
and what is in the pipe…..
terryk:
camel poo
mac:
Mike the letter from MP regarding funding the tribes and volunteers. Getting paid equal to combat soldier even though they are volunteers
terryk:
how are they going to pay them
terryk:
they can’t even pay gov peeps
mac:
The letter was published in the paper. Would have never happened w/ M. He is also asking for weapons and munitions as agreed.
terryk:
that tells me they are primed
kenbbq1:
I saw where they are spending 5 billion a month out of reserves to run the country….I don’t think they can on just 5 billion…..too much going on…..
mac:
There is ALOT of pressure on Iraq and it ALL revolves around money
mac:
There are enough reserves to keep them afloat for 6 months max according to saleh. I believe
kenbbq1:
yep, that is what I saw….then the IMF was going to keep them afloat with loans?
mac:
And the IMF said earlier they would not loan anymore money to Iraq.
terryk:
Big time
mac:
What gives
kenbbq1:
too much double speak I cannot keep up….
kenbbq1:
one day loans next day no loans…..who knows
kenbbq1:
I just know this Iraq will not go down the tubes….too much invested by the world….
mac:
So 8 days left in the month, Parl doesn’t meet till tues the 27th if the first vote is then, four day wait the 31st, passed on the first of nov ., implement on 2 nov?
mac:
This is regarding the investment law.
kenbbq1:
Abadi can do an EO…..
mac:
AN EO to pas investment Law or EO for vote?
kenbbq1:
He can bypass parliament if he deems it an emergency
terryk:
Abadi said last week he would do EO if not passed
terryk:
think I read that
mac:
ok, I can see that.
jannilew:
forgive me. what’s an EO?
mac:
Executive Order
kenbbq1:
so we really don’t have to see any laws passed he could do it on the fly….
jannilew:
ahhhhh.. thanks!
terryk:
yep
mac:
There are going to be a ton of people with their hand out if that happens
terryk:
there is a ton now with hands out
jannilew:
so, you’re starting to feel it’s going to be more like a week or so out from now(?)
mac:
true
mac:
not a feeling Jann just looking at what the constitutional timelines are.
terryk:
who knows Jann all we have is articles to go by, peeps talking any time
terryk:
and hearing anything from 3.41 – 4.20
terryk:
everyone is guessing
terryk:
honest I don’t care just as long as they turn it on
kenbbq1:
meeeee toooooo
mac:
Jann your getting anxious again. We examine the possibilities and determine which makes sense. No guarantees. Faith remember.
jannilew:
amen
mac:
The only two places God can use is HERE and NOW
mac:
use us is…
terryk:
ok all time to run….God Bless have a great weekend. Go RV
terryk:
see u Monday or sooner
jannilew:
thank you, you too
mac:
TK ttyl
mac:
jann hang on, He will get us there!
jannilew:
mac:
Love each other, got to go get my axle done! Yay one fixed car 6 more to go. hahaha. guys.
MILLIONDAY CHAT UPDATE, 23 OCT
Millionday: WHOOPOW THE NEWS IS AMAZING
Millionday: I AM SO EXCITED
JETSET: ok, md…. good news?
Millionday: OH YES
Millionday: FORMATION BEING DONE FOR NATIONAL OIL COMPANY DUE TO LONG AWAITED HCL
Millionday: AND AND AND
Millionday: FORMATION OF THE ECONOMIC COUNCIL FOR THE FINANCIAL POLICIES — MONETARY REFORM INTERNATIONAL BANKING AND ECONOMIC DEVELOPMENT —
Millionday: WITH CALL FOR A STRICT VERY RUSHED DATE TO BE GIVEN SO THEY CAN MOVE FORWARD AS OTHER COUNTRIES
Millionday: Hussein al-Tamimi Tgb focus on the economic side must result from the security, stability and economic development, thus contributing to the well-being of society and to be effective and enforceable in the current circumstances experienced by Iraq (according to an expert in economic affairs) economic Member Baghdad forum Samir Alnasiri noted necessity of activating the themes contained in the government program through the development of policies and mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation.
Subgirl: mechanisms for implementation and applied to the development of economic sectors trends that achieve what is stated in these themes in the detailed aspects and determine the timeframe for their implementation.
Millionday: THE GOVERNMENT PROGRAMS HAVE MARKET ECONOMY AND CONSTITUTIONAL REWARDS TO CITIZENS TO BE ABLE TO PROSPER
Millionday: THEY HAVE TO ACTIVATE THE GROUP OF EXPERTS TO MONITOR MONEY DEVELOPMENT AND GIVE AN EXACT DATE
Millionday: WHOOPOW
Millionday: WE ARE VERY CLOSE IMO
sheila3: an exact date …yayyyy
Millionday: YES
Millionday: >>>>He noted in an interview for »Sabah« to the importance of the government to the formation of the Supreme Council for Economic Affairs and which consists of experts from government and the private sector, in order to carry out economic reform, and the first step from the banking reform, pointing to the importance strengthen the role of the Iraqi Central Bank and the ministries concerned with economic affairs (financial, agriculture, industry and planning, oil, electricity), so as to promote the effective coordination and harmonious between fiscal policy and monetary and achieve the goal of diversification of resources and lack of dependence on oil in the public budgets of the state as a key resource.
Millionday : TIME TO RELEASE INTERNATIONAL EQUATION AND GLOBAL PRICES IMO
Millionday: READ THIS >>>>Alnasiri between the importance of taking quick action to tackle the financial liquidity experienced by Iraq because of falling oil prices and the war on terrorism and economic problems and self-poor economic planning and lack of benefit from the economic, financial and technical expertise in crisis Action fundamental economic links in the state administration, stressing the importance of relying on figures partisan incompetent professionally and serve their party and the masses only and adopt the experiences of countries in the world and Iraq the previous at face economic sanctions »siege» as payment on credit and borrowing and internal austerity and prepare a war budget.
Millionday: AS IN IMO — GIVE ACTUAL VALUES — CBI GO AHEAD WITH IT AND MOVE FORWARD
Millionday: He emphasized the activation and development of operational mechanisms of action economic reform and private sector development prepared by the committees competent experts in the Council of Ministers with a focus on what I’ve ever had in Mahoralzerai, industrial and finance, insurance, tourism and services and actually begin to implement and define the time ceilings to put it into practice and identify implementation elements, taking into account the circumstances through which Iraq currently.
sheila3: oh my goodness this is awesome
Millionday: AND ACTUALLY BEGIN WITH IMPLEMENTATION
Millionday: WHOOPOW
JETSET: smile
Millionday: JETS — IMO — FINALLY
sheila3: WHOOPOW
buck: God bless the bringer of such awesome news
Millionday: DEFINE DATE
subgirl : WOW! that is exciting!!!!
Millionday: IMO — FIRST STEPS WOULD BE THE VALUE
Millionday: APPLY THE INSTRUCTIONS>>>>
Alnasiri urged to apply and identify and instructions implementation mechanisms of the amounts allocated by the Central Bank of Iraq, amounting trillion dinars to finance small and medium enterprises and five trillion dinars to finance specialized banks (agricultural, industrial and real estate housing fund), indicating the importance of establishing the foundations of a clear guarantee the transparency of the data and those that have been lending by government banks and civil.JETSET : well, when you combine the news component with the other information that we are hearing, it is getting exciting again!!!
sheila3: bless you for coming in
JETSET says(11:54 PM):thanks, md!
Millionday: BLESS ALL OF YOU — SO EXCITED HERE
subgirl: yes thank you so much for coming in!!
Millionday: YW ALL THE TIME — WE HAVE BEEN HERE FOR SO LONG — WHOOPOW — IMO WE ARE VERY CLOSE
sheila3: you are an awesome lady (F)
Millionday: >>>>He went on to the need to develop a proactive supervision during the implementation and post-implementation on the beneficiaries of these loans in order to serve the central objective of the allocation to accelerate the economic cycle and the reduction of unemployment and the development of small and medium enterprises and contribute to the economic development with the development department at the Central Bank of Iraq for follow-up and evaluation and review of the development initiative trends higher than what is currently allocated.
Millionday: RIGHT BACK AT YA HUN
Millionday: CBI MOVE FORWARD AND HAVE THIS GROUP WATCH EVERYTHING
Millionday: LAST PART>>>>He stressed the importance of developing the operational procedures for the activation and implementation of strategies developed and approved and declared and for the development of agricultural, industrial and banking private sector, according to the priorities adopted this strategy that the bases and not on the shelves without implementation.
Millionday: SO THE IMPORTANCE TO MOVE FORWARD — IMO — NEED VALUES FIRST THING
Millionday: SMILE
Millionday: WHOOPOW
Millionday: THAT’S IT
Subgirl: thank you thank you!!!!
Millionday: I AM EXCITED
Millionday: THEY ARE ACTIVATING THE NATIONAL REFINERY COMPANY TOO — HUGE AND I THOUGHT SO — LOVE IT
KTFA CHAT WITH BACKDOC, 23 OCT
BACKDOC:
WELL, WELL HERE WE GO GUYS! (See Article Below)THIS IS THE FIRST BIG CRACK IN THE ICE ON “THE MAIN EVENT”! THUNDERHAWK SENT ME A SIMILAR ARTICLE EARLIER AS HE IS ALL OVER THIS AS WELL NOW!
WILL THE DEBT LIMIT BE RAISED?
OF COURSE, THE STOCK MARKET THINKS SO AND IT BELIEVES WE WILL HAVE QE4 AS IT EXPECTS THE DOLLAR TO BE DEVALUED THROUGH QE. THAT WOULD JUSTIFY A HIGHER STOCK PRICE.
BUT WHAT WILL HAPPEN AS THIS BEGINS TO PLAY OUT DURING THE NEXT WEEK AND THEY DON’T ACT? RIGHT!
CREDIT WILL SEIZE UP ENTIRELY AND AN ACCIDENT COULD OCCUR.
….
REALIZE AS THIS CONTINUES TO GO FORWARD IT WILL GET WORSE UNTIL IT IS A LONG TRAIN RUNNIN OUT OF CONTROL.
WE ALREADY SEE OBAMA MAKING DESPERATE MOVES TO DEFUND AMTRAK. LETS NOT FORGET THE MASSES OF PRISONERS THAT WERE RELEASED ON MINOR DRUG CHARGES!
WITHOUT RAISING THE DEBT LIMIT THE GOVT. CAN’T SELL BONDS TO PAY OUR OVERSPENDING!
IT MIGHT NOT BE A COINCIDENCE THAT PAUL RYAN, A FISCAL HAWK HAS BEEN SELECTED BY THE REPUBLICANS TO RUN FOR THE EMPTY HOUSE SPEAKER POSITION!
HOW CONVENIENT NOT TO HAVE A SPEAKER IN PLACE AT THE CRITICAL TIME! MMMMM
DOC IMO
Backdoc: Treasury postpones bond auction as debt limit deadline approaches
The Treasury Department on Thursday postponed an auction of government bonds scheduled for next week because of concerns it would not be able to complete the sales because the nation is up against its debt limit.
The delay is the first related to a debt limit standoff since 2004 and a sign that the latest impasse is starting to affect government operations and financial markets.
The Treasury Department said Thursday that the standoff was “now adversely affecting the operation of government financing” and increasing its borrowing costs.
Treasury Secretary Jacob J. Lew has warned lawmakers that they need to raise the $18.1-trillion debt limit by Nov. 3 or the federal government risks a default. But congressional Republican leaders and the White House have been unable to agree on a debt limit increase.
Interest rates on U.S. government bonds that mature in November have increased compared with those maturing in October or December, the department said, indicating that investors are concerned that the debt limit fight could delay payments.
This week, Sen. Charles E. Schumer (D-N.Y.) cited those increases, which influence other interest rates, as a sign that “the consequences of brinkmanship and waiting until the 11th hour are already upon us.”
“People have to pay more for mortgages, people have to pay more for car loans, people have to pay more for student loans, small businesses have to pay more,” he said. “It’s gone up some, it’s going to keep going up more.”
An auction of two-year Treasury bonds was scheduled for Tuesday, with those sales becoming final on Nov. 2. But Treasury said there was a risk that it would not be able to complete the sales because of “debt limit constraints.”
Nov. 2 also is the day that sales would become final for upcoming auctions of five-year and seven-year bonds.
Treasury said it opted to postpone the two-year auction so that it would have enough money to complete other upcoming sales of longer-term bonds. Postponing those other auctions would have posed more risks for “market functioning,” it said.
“The Treasury [bond] market is critical to efficient funding of the federal government,” the department said. “Disruptions to this market can be costly to the U.S. government and ultimately the American taxpayers.”
The auction of two-year bonds would be rescheduled once the debt limit is raised, the department said.
The federal government technically hit the debt limit in March, but Treasury officials have been using accounting maneuvers to continue borrowing.
Those measures will run out on Nov. 3, putting the federal government at risk of default in the following days.
On Wednesday, the House passed legislation that would allow the Treasury to exceed the debt limit to pay principal and interest on government bonds as well as make payments to Social Security recipients.
But the bill has no Democratic support and President Obama has promised to veto it, arguing the debt limit should be raised so the federal government can pay all its bills.
Republicans want future spending cuts in exchange for agreeing to raise the debt limit. But Obama said he would not negotiate over the debt limit because the increase is needed to pay for spending that Congress already has authorized.
http://www.latimes.com/business/la-fi-debt-limit-treasury-bond-auction-20151022-story.html
************
BACKDOC: Largest group of House Republican conservatives endorses Ryan
WASHINGTON
The largest group of conservatives in the U.S. House of Representatives, the Republican Study Committee, said on Thursday it was backing Paul Ryan for House speaker.
“He (Ryan) has the policy expertise, conservative principles and strong values we need in our next speaker,” Representative Bill Flores, chairman of the group, said in a statement.
The Republican Study Committee has more than 170 members, comprising more than two-thirds of House Republicans. They met with Ryan on Wednesday and afterward voted overwhelmingly to endorse him for the top spot in the Republican-led House, the statement said.
http://www.reuters.com/article/2015/10/22/us-usa-congress-speaker-consrevatives-idUSKCN0SG2B520151022
BACKDOC: WILL THE FED START TO WAVER SOON?
STAND BY THIS SAME BACKDOC CHANNEL AND SAME BACKDOC TIME! HEE HEEE
***********
J+C: Backdoc what do you think about this? Obama vetoes defense bill in high-stakes showdown over spending
http://www.latimes.com/nation/la-na-obama-defense-bill-veto-20151022-story.html
BACKDOC: WE HAVE SEEN ARTICLES THAT I SHARED THAT TOLD US THAT THEY HAVE ENOUGH VOTES TO OVERRIDE OBAMAS VETO!
WE WILL ALL WATCH THE MAIN EVENT UNFOLD!
GRAB SOME POPCORN!
REMEMBER, IF THEY DON’T RAISE THE DEBT LIMIT CHOICES WILL BE FORCED ON OUR GOVT. WHAT IS THE MOST IMPORTANT BILLS TO PAY!
ONE OTHER SOLUTION IS TO LAUNCH THE DINAR SO THAT THE TREASURY CAN USE THE MONEY TO PAY BILLS WITH IT. DOC IMO
Thunderhawk: Good Evening Everyone HUGE QUESTION DOC?
Does this move by the HSBC might have anything to do with the euro?
MMMM I WONDER
US emerges as potential headquarters for HSBC
The US is emerging as a serious alternative to Hong Kong as the possible headquarters for HSBC, as Europe’s biggest bank by assets considers shifting its base out of the UK.
HSBC fired a warning shot to British politicians in April by announcing a review of whether to leave the UK two weeks before the general election. Shareholders welcomed the review, which was driven by concern about excessive tax and regulation.
The UK political climate has shifted in favour of the City of London since the election, with HSBC winning a notable concession on the bank levy, a sector-specific tax introduced by the UK government after the financial crisis.
But one lawyer who met executives from the bank recently said they felt the attitude of the Treasury and regulators was still hostile.
Hong Kong has long been considered the most likely destination for HSBC if it did decide to move, as the bank was based there for more than 100 years. It still earns most of its profit in Asia.
However, growing concerns about the political risk of the bank ending up under Chinese control have prompted a rethink, according to people familiar with the matter.
Advisers to HSBC say the US is one of the few countries with an economy big enough to be able to comfortably welcome a bank of its size. HSBC has $2.6tn of assets, making it almost as big as the entire British economy. Bankers also view US financial regulation as more accommodating of large universal banks.
Douglas Flint, chairman of HSBC, told the Financial Times the bank was “about halfway through the process” of considering moving its domicile and had “prepared the ground by giving presentations to the board on the various aspects, like the regulatory and economic framework, but we have not had any discussion of the relative merits”.
One top 10 shareholder in HSBC said: “I would say Hong Kong would be the best location as that is where HSBC have their history, but there is political risk in Hong Kong. The US has to be a serious option. You have a more friendly regulator in the way they look at bank capital and they have the balance sheet to take on HSBC. I think the US would love to have a bank like HSBC.”
Another top 10 shareholder in HSBC said: “I think longer term Hong Kong must be the favoured location, if the bank is going to move. But the US is definitely an option too, but I would have said it was the second option.”
Advisers to HSBC said the Chinese government’s interventionist reaction to volatility in its stock market this summer raised doubts about Hong Kong as a destination.
Yet Mr Flint denied this. “As every country reacts to unforeseen circumstances, they learn from what works and what doesn’t. But that doesn’t have a bearing at all on our decision,” he said.
The advisers also said the bank’s 20-strong board was worried about whether a possible move to Hong Kong would upset UK and US regulators, with potentially negative consequences for the bank.
Mr Flint said: “It is not rocket science that the views of regulators would be a subject we would think about. We would have to take that into account.”
The advisers said HSBC was concerned about the potential impact on its deferred prosecution agreement with the US Department of Justice, which it signed to avoid criminal charges over money laundering and sanctions violations in 2012.
One person familiar with the DoJ’s thinking said it would not be happy about HSBC moving its headquarters to Hong Kong. Such a move could also put the bank’s highly prized US dollar clearing licence in the balance, one adviser said.
However, several state-controlled Chinese banks already have US dollar clearing operations, including Bank of China, China Merchants Bank and China Construction Bank. Earlier this year, US regulators ordered China Construction Bank to overhaul its anti-money laundering programmes, including improving customer due diligence on dollar clearing activities.
HSBC plans to update investors early next month on its discussions and aims to decide by the end of the year with a vote by the full board, though Mr Flint said this may slip into 2016.
http://www.cnbc.com/2015/10/23/hsbc-may-shift-uk-headquarters-to-us.html
************
BACKDOC: WELL, LET ME ASK YOU THUNDER A QUESTION? YESTERDAY WE SAW CALLS BY CHINA CALLING FOR A GLOBAL CURRENCY RIGHT? RIGHT!
WHAT DO YOU THINK THE ANSWER TO THAT CURRENCY IS? RIGHT! THE SDR! WHICH WILL BE LARGELY BACKED BY THE TRN PERCENTAGE WISE.
THE U.S. WILL BECOME A POWER CENTER FOR THE GLOBAL AGENDA!
NO DOUBT BANKS WILL WANT TO BE DOMICILED IN THE STRONGEST RESERVE CURRENCY IN THE WORLD!
WE HAVE HIGH SUSPICIONS THAT THE EURO MAY NOT EVEN SURVIVE SINCE THERE ARE NO ASSETS THAT BACK IT. IT IS BASED ON A TREATY AND ISN’T A GOVERNMENT.
MAYBE HSBC KNOWS THIS AND IS PREPARING TO GET OUT BEFORE THE EURO COLLAPSES!
I ALSO HEARD RUMORS THAT IT IS LOOKING TO DIVIDE INTO TWO COMPANIES, ONE SIMPLE BANKING AND THE OTHER TRADING. THIS MAY PROTECT THE BASIC CORE OF THEIR BANKING! MMMMM
WE HAVE TO WATCH. DOC IMO
GOOD NIGHT FAMILY!!
ALWAYS FUN TO WORK WITH YOU THUNDER!!
Highlights From The big Call: 10-22-15, 23 OCT
Mangelo: Bruce call: talking about the price of oil $40 to $55 a barrel
PinkRoses: Bruce call: caller: I was on another intel call tonite. I am also in a group and have my own currency. I heard the paperwork was submitted…. caller: this sounds like this is our last regular call. Bruce: I thought we would have a celebration call tonite. We do calls Tues and Thurs nite. By next Tues we should be celebrating.
THURSDAY, OCTOBER 22, 2015
TNT: How would NDA requirement be satisfied for a Power of Attorney exchange for someone living out of the country?, 22 OCT
Date: 08:27 AM Oct 22, 2015
How would NDA requirement be satisfied for a Power of Attorney exchange for someone living out of the country?
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Does anyone have any insight into how the issue of the NDA would be handled if an individual with Power of Attorney were to attempt an exchange for someone residing out of the country? I.e., would the individual residing out of country be required to sign the NDA, and, if so, how might this possibly be satisfied if they were not present during the exchange? Any input would be greatly appreciated. Thanks in advance.
__________________
Tndr
Posts: 1403
Date: 08:39 AM Oct 22, 2015
This is a guess. It may be that the out of country portion of your scenario may be the biggest issue and may prevent an exchange on a contract rate (reason why NDA is in play). It may be that a POA cannot be part of an exchange with an NDA involved at all? You have an interesting scenario and wish I could help. Resourcing an attorney for proper answers and advice is your best recourse.
__________________
ATLAST-51
Date: 08:42 AM Oct 22, 2015
When you give someone a Power of Attorney, it’s as thought they are standing there signing themselves. If you sign the NDA on their behalf they are restricted to the terms as though they were standing there signing it themselves. This is the reason you need to be VERY careful who you give a Power of Attorney to.