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Frank & KTFA Members Thoughts & Comments - 4/15/2014


ronscarpa
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Hi everyone, I just saw this posted and thought I'd bring it over for those of you who like to see what Frank had to say....Please don't shoot the messenger...!  :confused2:Blessings ... RON

 

 

Frank & KTFA Members Thoughts & Comments

04/15/2014

risk1 wrote on April 15th, 2014, Question......Shabs stated a few years ago that the budget shortfall would be made up through the "exchange rate" So why is the Iraq trying to borrow money to fill the gap? 

IMO because their not ready to increase the value of the dinar. IMO we are a ways off yet...

Post by tfulginiti » April 15th, 2014, risk1, IMO....perhaps the Finance Minister is panicking and trying to put pressure on the CBI. Its been stated that only the CBI knows what is happenong with the MR. Looks like panick to me. 

Or grasping at straws to try and fix a problem that will be resolved shortly. After all no loan has been issued yet ... IMO
~~~
Post by drdinar » April 15th, 2014 ...revaluation [of the currency] was called for earlier [today by] an academic economist [stating that] those in charge of the economic sector in Iraq [need] to re-evaluate the value of the currency after it [the CBI has enhanced] enhances the cash reserve quantities of gold.

This statement, if the true and correct translation is in fact "re-evaluate", obviously means the the dinar will rise in value....When they re-evaluate the value of the currency, after the cbi adding to the gold reserves, how can it mean anything else?

Post by Sager » April 15th, 2014, drdinar, I completely agree Sir. Thank you for sharing. Thank you Memphis for your wonderful post. Sager

Post by Frank26 » April 15th, 2014, C U on Your CC tomorrow KTFA FAMILY .......... Teams called last night. We will share tomorrow at 7 pm est. We will be with You as follows:

7...... Investment Night.

8...... Bible Study........ Spiritual Warfare.

9 to 10 ............ MR studies of the CBI.

LOL......... I have a feeling You may get board with too much of I ......... LOL.

But if You know our CCs .......... These 4 hours will seem like 1. We have many encouraging study files to share God's Grace and Blessings to You all..... Aloha :hangloose: KTFA, Frank

Post by prophecy » April 15th, 2014, I have read much of the writings of Memphis and to my understanding find them mostly "spot on".

I do have to question the following. Perhaps you could expand a little?

A paragraph from below:

The article has a common theme throughout that states clearly this truth:

The true support, justification, for any nation's currency lies not in their reserves of currencies or even in how much gold they own. By extension the natural resources of the land mean nothing to their currencies intrinsic value to the world as the true and only REAL measure is the nation's productive capacity. 

What they make, what the citizen's produce. This speaks to the industry of the land and the currency must always revert to a value reflective of this.

A number of our nation's leaders warned us and fought against a fiat based monetary system, especially one controlled by independent bankers. At least a couple of past Presidents are suspected of being murdered because they took such a stand. 

Money has been based on something tangible much longer than not and every time it moved away from such a standard it failed. I do agree that a nation's productive capacity is a strong component in the value of a currency but not that a country's reserves or natural resources "mean nothing" to the intrinsic value.

Perhaps that is one of the challenges in the shift we are seeing. There is no simple equation to identify value. Without something measurable and in limited supply on which to base value we are left with something that is easily abused. America has become drunk on the wine of her fornication in this regard.

Post by hawger03 » April 15th, 2014, Comments in Reply to: Post by Memphis » 

Hey guys, thought i would drop in and comment on an article from Monday titled:

The power of the cash reserve to support the value of the national currency LINK

hawger03: Great post Memphis and I agree completely. In all of the previous studies, the "dinar" factor has not been included. Not that the RV is a cure all as the same policies that got us into this hole are still in place. 

With the current administration in control, I do not have any faith that they will use the blessing to do what is right for the American people and reduce our national debt. My hope, at the current moment, is that the American public continues to honestly evaluate the direction our nation is heading and does some house cleaning in November. 

Without legislative combat with our dictator in chief, the saving possibilities of the dinar RV will be wasted on reckless spending and social programs that do nothing to get our nation back on track.

I also feel that you are correct in stating that our monetary value should be on par with our abilities to be economically viable. Regardless of how the dinar proceeds are used, we much still assume that the USD is and should lose value on the world stage. We have become stagnant and complacent as a people. 

With all of the social welfare programs in place and continuing to develop, the current and next generation are being taught that the world owes us something and that hard work and building things is not necessarily the path to prosperity. We don't practice what we preach. 

For example, we teach Iraq that it is important to install tariff laws to add expense to imported goods to bolster the competitiveness of domestically grown or built products when back home, we install free trade agreements. 

The American consumer demands inexpensive products so the government gives them what they want without regard to the nation's ability to keep our manufacturing base strong. 

We need to practice what we preach.....escape these free trade agreements and install tariffs and build the incentive to be a producing nation again. 

The benefits are enormous for our country as our money stays home, US manufacturing becomes economically viable, manufacturing gets pulled back into the US from cheap labor countries like Mexico and China, the American public becomes employed again and the US government tax base grows resulting in less borrowing from outside the US. 

With the devaluation of our currency, exports (other than food stuffs) will increase as our products become more competitive with countries who artificially devalue their currency (China). If you want to see a flip flop and a whole lot of crying, just watch the US start cutting imports from China. 

I disagree with those who say that China does not need the US people to consume their products. 

It was proven in 08 when the big slide happened and US consumers held onto their money in fear of the slide. China's factories ground to a standstill and nightly news pictures showed the thousands of Chinese out of work. 

Don't for a minute think that China has the US under their thumb. Basic economic laws of supply and demand will always apply in ANY political system or world order. If you cut demand, the supply side will most certainly suffer.

I have been a student with you Memphis and my linear thinking has greatly expanded. Many thanks to you sir if for nothing other than helping to clear the fog that is in front of all of us.

It's not often that a person has the opportunity to see the true workings of macro economics in all of it's flawed form. If the US does indeed hold a significant quantity of IQD, I feel that the RV could be HUGE help to get our country back on track but it would also have to be combined with a complete shift in the direction of the US government to fiscal responsibility.

Frankly, I don't see this happening at least for the next 2 years and 5 months. I'm praying that the US public snaps out of sheep mode and elects constitutional conservatives (notice that I did not say Republicans of GOP) who actually have the best interests of their constituents and the US citizens as a whole at heart. 

With control of all of congress, liberal destructive policies can be cut and limited. If not, we all better get prepared for socialist/communist government to rule our lives from here on out. Our nation, as we knew it, hangs on the precipice. A strong push one way or the other will determine our future fate.


KTFA's Memphis With His Summary On Cash Reserve

 

04/15/2014

 

 

 

 

 

 


Post From KTFA  by NOVA » April 15th, 2014,  Good Morning All,  I Am Bring This Post Over By Memphis Because I Feel Everyone Needs To Read It!!


I Feel It Is One Of His Best Summaries On What Is Happening In Iraq And What Is Coming For The USD.

Happy Anniversary Mr & Mrs, Enjoy Your Day Together.   Nova

PS, You Will Be Living In Hawaii For Your Next One!!
~~~
 
Memphis:  Hey guys, thought i would drop in and comment on an article from Monday titled:    (Post by walkingstick » April 14th, 2014, 5:12 pm • )

"The power of the cash reserve to support the value of the national currency"

Memphis Continues:  I recognize that the above article is garnering some attention as it speaks to "economic change" that we are expecting but beyond this I love this news piece as it's greatest value to us (as global students) speaks to a truth about how currencies actually work in the REAL world!

 The article has a common theme throughout that states clearly this truth:

The true support, justification, for any nation's currency lies not in their reserves of currencies or even in how much gold they own. 

By extension the natural resources of the land mean nothing to their currencies intrinsic value to the world as the true and only REAL measure is the nation's productive capacity. 

What they make, what the citizen's produce. This speaks to the industry of the land and the currency must always revert to a value reflective of this.

I could open a whole new series of posts on this but few would be awake with me thru such a discussion so just recognize that this article fully refutes the endless GCR rumors stating that the money supply of all nations will be anchored to their assets, their stuff. 

No need to take my word for it, go back and look again with this theme in focus and the words leap off the page.

Such a model would ultimately fail miserably in the REAL world as there would be no mechanism to keep forces such as inflation in check. We could park here and talk for many hours as money must obey certain unstoppable forces in the world. 

Taking our own USD as example, reality can be delayed and market forces manipulated for a time but in the end equilibrium will always win. In our case, interest rates will rise as the UST seeks new suitors for it's debt as the FED stops showing up at auction to pick up the slack. Once rates are allowed to find their true balance? Everything begins to unravel.

To finish this thought, should we see such a plan rolled out by the world's "thinkers" as they actually implement a system of control and force currencies to be fixed in value based on such a model?

It would not last as market forces would require these imagined values to mean revert to proper levels. Things would find the PROPER balance over time. 

Not conjecture here and further, this discussion is only one of many that is proof positive that the USD will find a new normal in the next few years as we have (more than any developed nation) allowed our productive capacity to be....exported. Not even the most uneducated could deny this reality.

Getting back to today's news headline, I found one paragraph of particular interest as it speaks to the dinar's value. Here is a copy/paste of an email I sent to Nova on this:

I like the 1st article in that it implies the rebalancing of the CBI's gold reserve was a marker to "re-evaluating" the re-pricing of the dinar. The language only became clear to me after I took some needed liberties by adding words in brackets. The ONLY word below that gives me pause is "re-evaluate". 

This is not a common word for them to use in this context and should be recognized as distinct from "re-value".
  
Having said this tho, we both know that no article will ever telegraph this event and perhaps JUST PERHAPS we will L@@K back and recognize that the word "re-evaluate" was our big clue.

A final thought. Articles such as this ought to be the final iteration before the dinar re-prices. I feel pretty secure in this because the old language of dropping, deleting, removing, the zeros is now replaced with CLEAR wording of "increase value" and "revaluation". 

When taken together with our discussion yesterday about the 3 phases for implementation by the CBI with phase 3 being "educate the citizens" and all the recent evidence to this end it sure reads to me like they are close.

Here is my favorite paragraph:

...revaluation [of the currency] was called for earlier [today by] an academic economist [stating that] those in charge of the economic sector in Iraq [need] to re-evaluate the value of the currency after it [the CBI has enhanced] enhances the cash reserve quantities of gold.

Dr. Majid Baidhani said he supposed [concludes that] After adding about 1.5 billion dollars [worth of gold] to the Central Bank reserves [the way is fully paved] to [see a] rise [in] the value of the dinar to a higher level compared to its exchange rate against the dollar, [he concluded by] praising the procedures [that the CBI has] followed in the context of monetary policy, stressing the need to speed up [hasten] the move to re-evaluate the dinar .

Memphis:  A closing thought to bring focus to last months discussions...

I am thinking that with the US Congress refusal to pass 2010 IMF code of Governance and quota reforms we have a new possibility that would mirror the worst case scenario spoken of by me a month ago.

The obvious direction (momentum) here is one bent towards political expediency, the path of least resistance. Our political leaders at the highest level know full well our dilemma as a nation. 

We have a debt that can never be repaid. If they do not flinch and take measures to stop this madness then it seems clear that the unthinkable will unfold.

To slightly simplify the discussion, the marker to L@@K for would be a FED announcement that a return to QE is needed. I see any such reversal in FED policy as clear indication that America will not openly default on our public debt but rather inflate (debase) the currency until it has no value. 

Such a scenario would see China and other markets unhinge from the IMF and set their own course.

To be fair, some of the brightest thinkers known to me are divided on this coming fork in the road. For example, Martin Armstrong see's a coming US default while Peter Schiff see's a return to QE. 

Each option brings about the end of US dominance in the world and only one thing known to me might lessen the effects of America's fall and that being the dinar. 

Due to such divided thinking by men that I esteem, I hesitate to be dogmatic and simply offer here what I see as a real possibility that, if chosen, is the one that WOULD be the least desirable path thru for Americans.

As to the dinars possible role in global debt restructuring, we should pray that the governments and central bankers are sufficiently leveraged (forced) by the new players in town into properly stewarding such monies toward the reduction of each nation's sovereign debt. 

Without the hand of Providence to guide these men's hearts I would not expect them to do the right thing. Just my thoughts...

Going briefly to the other extreme, if we see the FED continue to unwind QE in the coming months and normalize fiscal policy then it seems likely that we will ultimately choose default on public debt and this then would call into play Nova's speculation that our Congress will swiftly pass the code of reforms after the mid-term elections. 

This would be the best path thru for Americans tho still fraught with many perils.

 If you have not followed my discussions that began here in January or if you are simply catching this post as a snapshot on another dinar forum you may think me to be un-American and anti "apple pie". Folks these are the realities facing America. Please get caught up.

This is already more than I had intended to say tonight.   Back to my studies.  Speaking of studies, might I recommend two new books both released on April 8?

"The Real Crash" revised and updated by Peter Schiff

"The Death of Money" by James Rickards

Great reading for those in search of the truth.     Blessings,   Memphis
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