Dave Schmidt

[SamDinar]

What do you guys here think of him? I am not going to mention his website. but if you do not know him he posts on recraps_  I listened to the link to his blog radio and I have to say he makes sense and he is quite easy tounderstand. Of course he is a little long winded because he gets into the piritual BS, which is not my cup of tea, but Dave does make sense, which a lot of the others out there do not do. Anyhow the link to his talk is over ther but here is a transcription sonebody did of part of the recording and I want to share some of the info with you guys.

 

  TRN  Vs. FRN:  
"Most of the FRN's reside outside of the US, so imagine the FRN being devalued and eventually phased out . Those in the US wouldn't have to worry because their currency is automatically converted to TRN which is asset backed and will hold it's value.

So if you pay for anything in the US once this happens, a FRN or TRN are both a dollar but when the currency is taken to the bank by the vendor it is converted to the NEW TRN, all your accounts are now in TRN's the currency you get from the bank machines will be TRN's.

 

Lets face it most transactions are digital anyway so it is really not going to affect the average person, the only ones that have to be concerned are the ones with really large amounts of cash. Really this will only be an issue if they can't prove the legality of it.

 All the illegal USD held in country or out of country will be tracked and seized and the crooks will get nothing unless they can prove that the currency was legally obtained. (Off-shore accounts holders who are trying to avoid giving Uncle Sam his cut, will get hit hard(

So in one fell swoop a huge part of the American debt is eliminated . I see this a huge win for the American people and a huge hit for the drug dealers , smugglers, gun runners etc.

These people are going to want to get their currency to the bank as soon as possible because out of country it is worth a lot less than the TRN. So do they exchange out of country and lose maybe 30%-40% right off the bat and eventually it will be worthless. Or do they exchange in the US and get their accounts credited in TRN's ?

 

Note ** Now this is not all that Dave got into, and remember that he did say "Imagine" so please do not hold this against him. His guest and him were discussing what they believe is what the Treasury plan for the RV is. And they brought out great examples like what about the folks who have over a trillion in Dinars? There are sure bound to be some, because some people are greedy, are the going to get all that money -- I could be wrong but I do not think so (IMO) "What do you guys think?