ronscarpa Posted December 5, 2014 Report Share Posted December 5, 2014 Backdoc Friday Afternoon Post - THE VALUE CONCEPT - 12/5/2014 BACKDOC: IMO - THE VALUE CONCEPT - Part 1 JUST A FEW COMMENTS ON THE DINAR CURRENCY VALUE. THOSE OF US WHO HAVE BEEN IN THIS INVESTMENT AROUND A DECADE ARE AWARE THAT SOON AFTER THE NEW DINAR WAS RELEASED INTO CIRCULATION THE CBI BEGAN TO REDUCE THE NOTE COUNT. AS WE KNOW FOR AT LEAST 5 YEARS THEY HAVE BEEN USING THE CURRENCY AUCTIONS TO PULL IN DINAR WHILE SELLING DOLLARS TO DO THIS! IT WASN’T UNTIL RECENTLY THAT WE WERE AWARE THAT THE NOTES IN THE PUBLIC FLOAT ARE NOW MOSTLY INSIGNIFICANT. WHEN IT COMES DOWN TO THE REALITY OF A NEW RATE BEING INTRODUCED ON THE INTERNATIONAL SCENE,WE WANT TO HAVE AN IDEA OF WHAT RATE IRAQ CAN ACTUALLY BACK. FIRST OF ALL THEY TOLD US THEY COULD BACK A RATE WITHOUT A CEILING! MMMMM REALIZE THAT SEVERAL COUNTRIES HAVE AGREED TO REDUCE DRAMATICALLY THE DEBT OWED BY IRAQ BY TAKING THE ALMOST WORTHLESS PAPER WE ALL HOLD. WE CALL THAT A CURRENCY SWAP!WELL, THIS IS NOTHING NEW SINCE COUNTRIES DO THIS A LOT ESPECIALLY OF LATE DUE TO THE SERIOUS DEFLATIONARY POTENTIAL THE WORLD IS FACING! THEY USE THIS TECHNIQUE AS A BAILOUT SCENARIO! YOU GIVE ME YOURS BECAUSE IT’S WORTH MORE AND I’LL GIVE YOU MINE! MMMMM WE SEE CHINA DOING SWAPS WITH ARGENTINA AND BRAZIL ECT. WELL, THE SAME FOR IRAQ! WHY WOULD THESE COUNTRIES DO THIS? DAAA BECAUSE THEY KNOW WHAT WE KNOW! IRAQ WILL RE-ENTER THE INTERNATIONAL WORLD SOON AND OPEN UP FOR BUSINESS! WHY WOULD THEY WANT WORTHLESS PAPER OR EVEN CURRENCY WORTH LESS THAN A BUCK AFTER FORGIVING MASSIVE DEBT? DAAA AS I’VE SAID MANY TIMES, THIS PROJECT IS NOT ABOUT US, IT’S ABOUT SAVING COUNTRIES FINANCIALLY AND ULTIMATELY BAILING OUT THE BANKING SYSTEM FROM THE HOUSING CRISIS THAT THEY CREATED! NOW BACK TO VALUE! SINCE IRAQ HAS BEEN USING THE DOLLAR FOR THE YEARS THEY WERE REDUCING THE NOTE COUNT AND NOT USING DINAR. ALL THEIR BUDGETS HAVE BEEN IN DOLLARS UNTIL 2014. NOW, COMMON SENSE NEEDS TO PREVAIL HERE! IF A RATE WAS INTRODUCED LOWER THAN THAT DOLLAR VALUE, IT WOULD BE DEVASTATING TO THE CURRENCY SINCE IT WOULD DESTROY ALL THE GROUND GAINED IN THE LAST SEVERAL YEARS! IT WOULD INCREASE THE NOTE COUNT AGAIN, THE EXACT OPPOSITE THEY HAVE WORKED SO HARD TO ACCOMPLISH! THEREFORE,ANY RATE NEAR OR BELOW A DOLLAR WOULD HAVE TO BE VERY TEMPORARY! PERIOD! WITH OIL PRICES IN FREE FALL, MY POINT IS ACCENTUATED, IN FACT A DOLLAR IS AT THE POINT OF IRRATIONAL NOW! I EXPECT A HIGHER RATE THAN FOLKS EXPECT FOR TWO REASONS! FIRST THE CURRENCY HELD BY COUNTRIES WILL BE EXCHANGED OVER TIME AS OIL CREDITS AT A PRICE THEY CAN’T REFUSE! THEREFORE, WHAT THEY ARE HOLDING WILL HAVE ZERO IMPACT ON A DAILY FOREX RATE. IN FACT I WOULDN’T BE SURPRISED THAT COUNTRIES WILL BE ABLE TO USE THE MUCH HIGHER VALUED OIL CREDIT AS AN ASSET TO BACK THEIR COUNTRIES’ CURRENCY VALUE! FOR NOW THAT TAKES US BEHIND THE CURTAIN IN OZ LAND SO ITS NOT IMPORTANT TO US! WE KNOW SAUDI ARABIA'S COST IS 10.00/BARREL TO PUMP OIL OUT OF THE GROUND AND IT’S BEEN ARGUED THAT IRAQ’S IS EVEN LOWER! WOW! SO, AS YOU SEE EVERYONE WINS! LESS CURRENCY IN THE PUBLIC FLOAT!!!! MEANS A HIGHER RATE CAN BE JUSTIFIED!! ALSO THE RISING DOLLAR ALSO BACKS THE DINAR!! YOU CAN’T AFFECT ONE WITHOUT THE OTHER! AND BY NOW YOU ARE BEGINNING TO SEE THE CONCEPT OF VALUE BEGIN TO CHANGE AS YOU SEE ALL COMMODITIES WORLD WIDE ARE DROPPING LIKE A STONE IN A CALM POND! THE CONCEPT OF VALUE IS CHANGING BEFORE YOUR EYES! MANY THOUGHT THE DOLLAR WOULD CRASH AND GOLD WOULD SPIKE! OH MY JUST THE OPPOSITE! THIS IS ABOUT CENTRAL BANK CONTROL AND WHO HAS IT, AND ON THAT I WILL SAY NO MORE! I’M NOT FOOL ENOUGH TO PICK A RATE OR DATE ON A IR BUT THE STRATEGY OF REDUCING NOTE COUNT IN THE PUBLIC FLOAT IS THE ONLY REAL CONCERN SINCE THE COUNTRIES WILL BE PAID OFF IN OIL! AND BY THE WAY, IF YOU HAD TO PAY THEM BACK WOULD YOU WANT THE VALUE OF OIL HIGHER OR LOWER? BINGO !! LOWER!! A LOWER OIL PRICE GIVES IRAQ A MASSIVE ADVANTAGE OVER EVERY COUNTRY IN THE WORLD!!!!! YOU SEE, A LOWER OIL PRICE IS BETTER FOR IRAQ WHEN PAYING OFF THAT DEBT! ON THE OTHER SIDE OF THE COIN IT HURTS THEM IN PAYING THEIR OWN BILLS UNTILL THEY DIVERSIFY THEIR ECONOMY BUT THAT WILL HAPPEN QUICKLY ONCE THE NEW RATE HITS THE INTERNATIONAL SCENE! THIS OIL AND GOLD RE-PRICING TO THE DOLLAR AND SOON DINAR IS NO ACCIDENT! THIS IS A WELL ORCHESTRATED MASTERFUL PLAN! GLAD I CAME TO THE PARTY! HEE HEE NOW IF YOU HADN’T THOUGH ABOUT THAT YOU WOULD SEE WHY I SAY THE LOWER THE OIL PRICE GOES! THE HIGHER THE DOLLAR AND DINAR GO! THE HIGHER THE DOLLAR AND DINAR GO, THE LOWER GOLD AND BLACK GOLD GO! BRILLIANT !!!!THE FOUR ARE INSEPARABLE...!! THE PROBLEM FOR NOW IS WE CAN’T SEE BEHIND OZ’S CURTAIN AND WHAT HE IS DOING WITH THE RATE! I’M SURE WE WOULD SMILE! WITH THE U.S. LIKELY THE LARGEST HOLDER OF THE DINAR, THE CONCEPT OF VALUE IS DETERMINED BY THE VALUE OF THE DOLLAR/DINAR VS. GOLD AND BLACK GOLD !!!! GOLD AND BLACK GOLD AS CURRENCY WILL WORK INVERSE TO THE OTHER TWO!!! THE WORLD WILL BEGIN TO SEE HOW POWERFUL THIS RELATIONSHIP IS AND ITS’ IMPACT WILL BE SEEN IN EARLY 2015 ONCE THE DINAR BECOMES INTERNATIONAL!! YOU SEE, THE DINAR IS A DONOR CURRENCY TO THE DOLLAR AND IT WILL ONLY MAKE THE DOLLAR STRONGER!!! AS A SIDE NOTE: I SEE THE SAME PARALLELS OCCURRING WITH THE DONG AS A DONOR CURRENCY TO THE YUAN SINCE CHINA IS THE LARGEST HOLDER OF THE DONG ! BLESSINGS! DOC THE VALUE CONCEPT PART 2 WHAT COUNTRY HAS THE MOST GOLD ABOVE GROUND? THE U.S.! OVER 8400 TONS!WHAT COUNTRY HAS THE MOST GOLD IN THE GROUND? MMMM I’LL LEAVE THAT TO THE EXPERTS IN A YEAR OR TWO! LET’S JUST SAY WITH WHAT WE ALREADY KNOW ABOUT THE KURDS GOLD DISCOVERIES AND THE LUXURY MINE OUTSIDE BAGDAD IRAQ HAS A LOT! WHO WILL BE THE LOWEST COST PRODUCER IN THE WORLD FOR GOLD? WITHOUT QUESTION IT WILL BE IRAQ !! WHO HAS THE MOST OIL IN THE GROUND? WELL, THERE IS MUCH DEBATE BUT THE U.S. MAY TAKE THE PRIZE FOR NOW BUT REMEMBER IRAQ HAS ONLY SURVEYED 10% OF OF ITS’ COUNTRY! AND WE KNOW THEY HAVE A LOT! WHO IS OR WILL BE THE LOWEST COST PRODUCER OF OIL? ARGUABLY IRAQ WITH THE SAUDIS IN SECOND PLACE! OK, SO WE HAVE A COUNTRY WITH THE MOST GOLD ABOVE GROUND MARRIED TO A COUNTRY WITH ARGUABLY THE MOST BELOW GROUND! MMMMM NOW OIL, ABOVE GROUND IS ESSENTIALLY IRRELEVANT SINCE WE ALL KNOW THEIR IS OVER SUPPLY! NOW BELOW GROUND, WELL TOGETHER I WOULD SAY THEY TAKE THE PRIZE! NOW YOU ARE BEGINNING TO SEE WHY I SAY OIL IS A CURRENCY FIRST AND FOREMOST AND ALSO WHY I SAY THAT GOLD AND OIL ARE TANDEM BROTHERS AS CURRENCY TO THE DOLLAR AND DINAR! THE PROBLEM IS FOR NOW UNTIL OZ PULLS BACK THE CURTAIN ALL WE SEE IS THE DOLLAR SO YOU HAVE TO THINK OUTSIDE THE BOX A BIT ! LOTS OF FUN WHEN THE TRIGGER MAN LETS IT GO! DOC IMO 7 Link to comment Share on other sites More sharing options...
vietnam1969 Posted December 5, 2014 Report Share Posted December 5, 2014 Ronscarpa ------- I enjoyed reading your post. I have no clue what actually is going on over in Iraq but this was a good believable read. Thanks 3 Link to comment Share on other sites More sharing options...
olivesman Posted December 5, 2014 Report Share Posted December 5, 2014 Ronscarpa ------- I enjoyed reading your post. I have no clue what actually is going on over in Iraq but this was a good believable read. Thanks I AGREE. 2 Link to comment Share on other sites More sharing options...
pchester Posted December 5, 2014 Report Share Posted December 5, 2014 Good read Ron!!! 2 Link to comment Share on other sites More sharing options...
Texstorm Posted December 5, 2014 Report Share Posted December 5, 2014 The scary thing is that it almost makes since, i wonder what is Natida's spin on this ? NATIDA.......... 1 Link to comment Share on other sites More sharing options...
v-star 650 Posted December 5, 2014 Report Share Posted December 5, 2014 good ideas on how the dinar can be used and how each of us might be able too exchange our dinar ,, in a federal exchange area ... I have been hearing about how Russia has had the clamp put on their economy , I would have to guess, changing dinar for oil might be a way for them too swim in a deep pool of debt until the sanctions have been reduced ....... very good 1 Link to comment Share on other sites More sharing options...
Nadita Posted December 5, 2014 Report Share Posted December 5, 2014 Ron Thanks for bringing the news.. I like Backdoc.. he makes sense to me The scary thing is that it almost makes since, i wonder what is Natida's spin on this ? NATIDA.......... Tex I like what he is saying.. I wrote two articles "Oil, Dinar and Dollar" and "Market rate.. group rate, ahhh" When it is all said and done, it's all about oil, dinar, dollar and power. Iam seeing the connecting dots and where it's going. 4 Link to comment Share on other sites More sharing options...
Spoey Posted December 6, 2014 Report Share Posted December 6, 2014 I like what i'm reading!!!! Go RRRRV!!! 1 Link to comment Share on other sites More sharing options...
easyrider Posted December 6, 2014 Report Share Posted December 6, 2014 Excellent read!!! 2 Link to comment Share on other sites More sharing options...
YukonJohn Posted December 6, 2014 Report Share Posted December 6, 2014 That was a very interesting and excellent read, Thanks Ron ! 1 Link to comment Share on other sites More sharing options...
sandfly Posted December 6, 2014 Report Share Posted December 6, 2014 THANKS 2 1 Link to comment Share on other sites More sharing options...
millionaire in training Posted December 6, 2014 Report Share Posted December 6, 2014 I recently discovered Backdoc . I like what he has to say. It makes sense to me. He has a very different perspective on the situation but I definitely like his version. Hope he's on to something. 2 Link to comment Share on other sites More sharing options...
RodandStaff Posted December 8, 2014 Report Share Posted December 8, 2014 Sandfly Ron... Much appreciated!!!.....definitely a concept worth considering!!! Link to comment Share on other sites More sharing options...
wbuse984 Posted December 8, 2014 Report Share Posted December 8, 2014 I too say Sandfly to you Ron...thanks for the post Link to comment Share on other sites More sharing options...
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