Iraqi Dinar with VND and other currencies

[thesjeske]

Its an older article but makes sense. Mods feel free to move it to another form if needed.

Money Revaluation and the Currency Reset will Occur Due to Many Reasons

International Currencies

It is evident that the world is ready for a change. The US dollar has been abused so much by the large controlling monetary organizations to the point of no return. After so many years of lies, secrecy, and deceit totally supported by bribed government leaders and the spying agencies they own; the cat cannot be held in the bag any longer.

The idea behind the IMF and the World Bank was to lift third world countries out of poverty by helping them start developmental projects then let the people take care of the rest. Instead they gave the money to outside wealthy individuals with mega conglomerate corporations to extract these countries’ natural resources which created more poverty and problems instead of solutions.

Now we are watching Brazil, Russia, India, China and South Africa Create the BRICS Bank to present an alternative solution to the Western-dominated global banking system comprised of the Bretton Woods institutions - the World Bank (WB) and International Monetary Fund (IMF).

“It's done,” said Pravin Gordhan, South African Finance Minister, on Tuesday Dec 31 2013, adding that “we made very good progress” on the formation of a World Bank-analogue development agency. The new bank will provide a collective foreign exchange reserve and a fund for financing developmental projects in order to address the needs of emerging and poor economies.

The five BRICS nations will contribute up to 10 billion dollars each to launch this development bank. This bank will operate on national currencies, rather than using a single currency and will be used in bilateral and multilateral trade deals.

So for those who are holding foreign currencies Like the Iraqi Dinar or the Vietnamese Dong, it doesn't matter anymore if the IMF or the World Bank revaluate the currencies, it is going to reset itself. Why? Because the BRICS members say that the current global balance of power is unworkable.

The institutions such as the WB, the IMF and the United Nations Security Council are irrelevant in addressing matters concerning global economics. These five countries alone make up over 40 percent of the world’s population and account for more than 25 percent of the global GDP.

Now, have you seen the court video on YouTube Published on May 13, 2012? Where the Federal Reserve being questioned in court and somehow 9 trillion dollars was missing?

How about the 12 trillion dollars missing in 2009, or the 26 trillion dollar in bank bailouts without any authorization from congress, and the list goes on. Any logical person would conclude that this stolen money from the American people is going to affect their economy one way or another; not to mention the loss of confidence in the American dollar regarding foreign investors. One prediction to conclude; the dollar will go down in value no matter what the IMF, the WB, or any other manipulative banking cartel say. When this happens other currencies will move up as a result. The less demand on the dollar the lower its value, the more demand the higher the value; anyone can do the math.

The World's financial Game

Find out from a video interview of the former US assistant treasury secretary Dr. Paul Craig Roberts, how the banking system and the dollar value have been manipulated for a long time now, while he expects the dollar value to go down at some point. Also how he believes that china is buying massive amount of gold, while India is buying a large amounts of silver

The 25000 Iraqi Dinar currency

Vietnamese Dong currencies

As for the Iraqi currency (IQD) it has been suppressed by a war financed by these banks to gain access to the country’s resources. It will not stay like this forever, the embargo against Iraq was lifted and soon things will change. By joining the international market starting with the sale of bonds, as its predicted to be publicly announced, the currency will have no choice but to go up in value. Many articles try to debunk the idea of its revaluation (RV), but there are two things to consider; one is the fact that Iraq's economy would not grow without foreign investors. Secondly if Iraq tries to deny the value of the Iraqi currency held by foreigners; People will see this as dishonest and will deter them from pursuing business deals with iraq altogether; which is the opposite of what Iraq is trying to accomplish. It is worth mentioning also that the iraqi dinar is not the only currency which will be revaluated. Iraq has to think hard of the many competing countries that will be welcoming business investments opportunities. (Do not put your eggs all in one basket).

As for the Vietnamese Dong currency (VND) it is predicted to go up in value for the reason that Vietnam and Russia signed 17 agreements November 12, 2013 aimed at boosting political, military and trade ties while increasing cooperation in the energy sector. Also Vietnam has the second-highest level of oil reserves in East Asia. About 40 percent of Vietnam’s output comes from fields operated by the Vietsovpetro joint venture with Russia. In March 2013 they launched free-trade negotiations, once completed this would deepen commercial links further. Also China has been investing heavily in Vietnam which means those countries will be going through the BRICS bank not the World Bank or the IMF. I personally believe it is a safer investment than the Iraqi, only because the country is at peace and it is aiming to prosper using the alternative method to the current system.

China has been pushing to bypass the US dollar for a while now, and with the creation of the BRICS Bank; this is possibly achievable within a year. In addition, many deliberately suppressed currencies may increase in value as well. The hard metal based assets like gold and silver along with the resources of the country will dictate its currency’s value, as it should have been but currently it's not.

http://www.charmingelements.com/currency-reset.html

[SnowGlobe7]

Great article...I think IMO that when these groups say "it is done" What they mean is the agreement and the plan is completed...now they must begin to implement.

 

I believe Sadam did NOTHING to begin the implementation. I believe this new GOI will and has already began.

I believe the HCL is "done"...just not implemented

[k98nights]

Nice article! Thanks!

[new york kevin]

Yes an old article. Hey wait, I thought the S in BRICS stood for South Korea?

Either way if these countries were successful in their goal they would be greatly weakening their own individual currencies and their countries economically by devaluing the US dollar because it is their possession of vast quantities of US dollars held in their reserves that supports the present value of their currencies in the first place.

Looking at the current world economy, China. Is rumored to be close to a economic melt down. Oh yeah, by the way, the Chinese hold the 1st or 2nd largest chuck of US debt. If we go down due to such shinanagins they will go down also, and we will pay off our debt to them with a cheaper valued US dollar. Russia , is in a similar situation, yet are at risk for a recession as a result of their Ukraine crap. Also as long as the world market price of oil remains at or below their break even point of $93 per barrel their are doubling their vulnerability. Both these countries will be closer to a recession once they burn through their financial reserves in their rainy day slush funds. The forecast for them is rain for a while. Brazil, they must be hurting economically since the US isn't really buying more oil from them since we are producing our own fracking oil. If they cut US off from their markets as they have been we may respond in slowing down the import of their goods. If they are successful in lowering the value of dour currency they will eventually reach the point where it will be cheaper for conglomerates to negotiate deals on our soil and then build their manufacturing plants in the US. Thereby eventually cutting them off from further economic benefits and giving it to US. Currently the market value of the US dollar is fairing well value wise against other internationally traded currencies. If the BRICS don't want our currency plenty of others seem to think it remains a decent to good investment. JMHO. I may be wrong, but I don't think so. Wait and see.

[MyLadiesDaddy]

Smells like WW3 to me

PRAY FOR REVIVAL EVERYDAY

another day closer

[DWitte]

I don't normally respond to posts directly related to money.  I lost my million so I'm watching and learning from others.  I like your post new york kevin.  I also like the fact that you're not arrogant about it.  But I do have one question/issue.  I'm seeing rather frequently that the "break even" price of oil is right around $90-$100 per barrel.  Although I don't personally have any information to contest that number, it seems exceptionally high. ( I don't need a lecture from anyone about all the costs associated with production.  I get that.)  Is that price for fracking?  Is that an American price?  I've also read that Iraqi oil costs about $2 a barrel. no misprint.  I don't believe that either.  Last I saw oil was selling fro approx $82 a barrel.  Are we losing $10 a barrel?  We all like cheaper oil at the gas pump but it also creates as many problems as it solves.  Iraq relies so heavily on oil for their budget that when the price goes so low they can't fund their Military to fight isis.  But then again it's not like Malaki did anything before anyways.  I'm sure they don't care much.  We just keep sending them money and equipment.  I'm certainly not picking on you nyk, I just happened to pick your post to ask some questions.  I hope you can answer some and others might be able to answer some others.  Thanks.

[rockfl9]

DWitte: I'll take a crack at a piece of your question . Host countries (US , GB) sell drilling rights then collect a royalty on the oil delivered. The ME plan is to nationalize the oil then contract with production companies to drill and only pay a fixed amount for the oil that is delivered during the term of the contract. Thus the country has control of the flow of oil but the production company has little incentive to explore and drill. The country must develop the system to deliver the oil to the ships. The Kurds are doing well because they have the assistance of Turkey.

Break-even Is a process oriented term. For example when does the cost to mine , refine and ship tar sand oil match pumped crude to the same location.

[Theseus]

@DWitte

 

Take a look at this article it may explain some things:

 

http://www.investopedia.com/articles/active-trading/102214/economics-oil-extraction.asp

 

This is something I have been looking into. I read earlier today, a barrel in US terms is 42 gallons but the refinement from a barrel of oil yields a combined total 44 gallons of various products not just gasoline.    

[DWitte]

Thanks for the info.  The article has lots of useful information in it.  Much appreciated.

[thesjeske]

Thanks for the info.  The article has lots of useful information in it.  Much appreciated.

You're welcome!