More Corruption Discovered At CBI...USD Not Gold Backed.

[Luigi1]

Luigi says...

RV may be delayed. CBI & USA blamed.

More corruption at the CBI as reserves dwindle to half the levels in 2014.

USA not gold backed ready could also set back the RV.

 

 

14 Sep2017  IQD Calls Chat Room – News, Excerpts & Highlights...

DinarResearcher: Good evening fellow Dinarians

DinarResearcher: Dunno if this was shared today but , IMO I like the sound of this article!

DinarResearcher: Parliamentary Finance: Corruption of the Central Bank caused the entry into force of hard currency

DinarResearcher: Last updated: 14 September 2017 – 9:34 p

DinarResearcher: BAGHDAD (Reuters) – Financial estimates indicate a $ 45 billion deposit in the Iraqi central bank as a cash reserve after it reached $ 77 billion in 2014, a report said on Thursday.

“The repercussions of the continued sale of the dollar to the currency market from the cash reserve at the Central Bank because these policies caused the depletion of hard currency for the corruption of the bank in favor of the leaders of the Shiite alliance,” warned the member of the Committee, Ahmed Hama, in a press statement today,

 

 

Judy Byington  Restored Republic via a GCR Update as of Sept. 15 2017

Several sources say the GCR has already happened in Asia and that Zim exchanges were liquid over there.

In order for the RV to happen in North America, the US Dollar needed to be voted in by Congress and signed by the president as gold/asset backed and thus be a part of the new global asset-backed monetary system.

With the asst-backed system all ready in place and trading in other parts of the world, the fiat Federal Reserve Dollar would not be accepted globally after Sept. 30.

Zap claimed we should see the RV toward the end of Sept.

Yosef said that the US Dollar would not be gold backed until at least Oct. 1.

Yesterday Sept. 13’s Intel indicated that the new Republic, gold backed US dollar and RV would happen at the same time, or around Oct. 1.

Oil purchases by the gold backed Chinese Yuan were scheduled to begin on Oct. 18 (replacing the USD as the world reserve currency).

In other words, if the US Dollar was not gold/asset backed, the restored Republic in place and the RV functioning in the US by Oct. 1, the nation’s monetary system would likely start to implode.

[new york kevin]

Crap article. The USD will never return to a gold, silver, or any other precious metal backing. Remember the reasons Pres Nixon took us off of the gold backed standard? That applied back then and would apply again should we return to it.

[umbertino]

 

Shocking.......

[new york kevin]

For those youngns' out there that were fed lines from librcrap teachers and professors, President Nixon took us off of the gold standard for competition reasons towards the end of the Cold War. Communist and Socialist countries cannot really compete in the economic arena that we compete in. They can give us a run, which technically is competition , but their options to compete are not as various and numerous as ours.  Before we became a fiat currency the USD was on the gold standard, ie it was backed by gold in the reserves of our treasury. Legally you could go into the bank and demand the gold backing the dollar.  The USSR (thats pre  end of the cold war Russia for some of ya ) inorder to take it to us by lower the value of the USD on the world market,  started going to the banks and demand the gold that the USD was backed by.  Yup,! If a currency is backed by gold, silver that is what you can do, demand and get that which the currency is backed on.  Cuz the value will simply be less for that currency. Thus puttin a hurt on your currency and a clamp on what you are doing to to counter your opponent.  The USSR started to do that, and Pres Nixon stopped them from doing that by taking us off of the gold standard.