The Iraqi Dinar Will Revalue
Posted 24 November 2010 - 06:38 PM
The first thing we need to know about the revalue is simple. We need an understanding of how a central bank works. What is a central bank? The US had 3 central banks. Each central bank was privately owned and operated. Each one had the power to print the government’s money, and charge the government interest for using that money.
Our current central bank is the Federal Reserve. It has the power to create money, adjust interest rates, and it has the power to control a lot of the American economy. Yet the Federal Reserve is not part of the Federal Government, and it is an independently owned and operated. It is a private organization.
Part 1 Link 2 a short video
Part 2 Link 3 a short video
We also need to understand that the Iraqi central bank is also a privately owned bank. It operates and works the same way the Federal Reserve operates and works. It was the Rothschilds that owned and operated the first two central banks of the United States. They also own the Central Bank of Iraq. (CBI) They played a major role and even have part ownership in the Federal Reserve.
A man by the name of Paul Wolfowitz who for a time served as head of the World Bank, (2 years) was also involved in the planning of the Iraqi invasion. He has ties with the Rothschilds.
Now let’s go back to The American Revolution. At this time there was a currency circulating called a Continental. (Colonial Script) The Rothschilds were openly condemning this currency and calling it worthless. At the same time they did this they were buying all the Continentals they could find. A man named Alexander Levine came to America. He was a Rothschild agent. He changed his name to Alexander Hamilton. He served under George Washington. He became his personal secretary. When Washington became president he made Hamilton the US Secretary of Treasury. Hamilton was able to revalue all the Continentals the Rothschilds owned. He was also successful in getting the first US Central Bank on a temporary basis. It had a 20 year charter and Washington signed it into law.
In recent years The US stock market has gone through some major adjustments. J.P. Morgan bought Bear Stearns and Bank of America bought Merrill Lynch. Both these companies had a major supply of Iraqi dinar and Iraqi bonds. Both J.P. Morgan and Bank of America already had a significant amount of Iraqi dinars and bonds before the purchase of these companies were made. Now they have greatly increased the supply of these assets.
Companies like Lehman Brothers were allowed to go bankrupt because they had few if any Iraqi assets in their portfolio. It was J.P. Morgan himself that also assisted in the effort to establish the Federal Reserve. Goldman Sachs is another Rothschild/US company. It is flush with Iraqi bonds, and it is in the process of becoming a bank. This bank supposedly has 1.1 trillion in assets.
The Oil Connection
It has been stated in many threads over the forums that Iraq would not simply give it’s oil reserves away for a revalued currency. I have added to the confusion by stating that The Iraqi dinar is backed by oil. This was really a poor choice of words on my part. The Iraqi dinar is not a coupon that countries will use to get their oil. What I am trying to imply is this. The value of Iraq’s resources such as oil, Natural Gas, sulfur crops ect, will play a role in the value of the Iraqi dinar itself. The dinar itself is not backed by oil the same way the USD was once backed by gold. However oil will play a role in the revalue of Iraq’s currency.
When you appraise the value of a home you don’t only look at the square footage alone to figure out the value. You take everything into account. Is their any finished carpentry work? Does it have a sprinkler system? Does it have Granit counter tops or Formica? How big is the garage? Is it one car, two cars, or three cars? How many finishing details does it have? Is the house in good shape or does it need repairs?
That is kind of like the same role the resources play on the value of the dinar. This is because these resources will contribute to Iraq’s GDP. This is why oil will always play a part in the value of Iraq’s currency and their economy.
Baghdad (newsletter).Central appearance for confirmed mscharalbnk that economic growth will improve the Iraqi dinar, that prices will double the total output of Iraq. He said in a telephone (for news agency of news)–all indications are that there are optimistically that Iraqi economy powerful shift will move over the next two years in General and will improve Iraqi dinar particularly noting that such a shift will develop oil and up productivity to (4) million barrels of oil.
Predicted for oil market prices remain high between 80 to 85 dollars a barrel as this will double the total output of Iraq with 100 percent of what will have on government revenues and income of the ECB.
And between valid: that which helps Iraqi Ttoiraldinar versus aldolarho economic growth rates while the value of income and greater currency,
adding: when national income value improves the Iraqi dinar and the level of income, wages and per capita gross domestic product is improving.
And he said that the Central Bank’s monetary policy is now stable and stability affects three elements highlighted by rate level of stability during recent years, and even stable Central Bank reserves in the limits between 43 to 45 billion dollars a barrel./
The economist said Ghazi Kanani that the reason for the stability of the dollar over the past five years due to the monetary policy the right of the Central Bank, expected to see the Iraqi dinar rise against the dollar next year. He said yesterday: Since 2004, the U.S. dollar Astaqrarolm effect the exchange rate, as this stability in the interest of consumers and traders, explained that the citizens and merchants were suffering greatly from volatility in the exchange rate, which was reflected in the prices of goods and services. He noted that the constant change at the exchange rate prior to 2004, the latest upheaval in the (economic and commercial) in the country, as well as central bank reserves , and that exchange rate stability They gave impetus to the Iraqi dinar. predicted Kanani said that improving the Iraqi dinar price during the coming year due to increased financial reserves, especially after Iraq signed the Convention on the (oil licensing round) that is, they Sneks revenues, with the budget of the oil. Kanani said his emphasis on the stability that this will affect the Iraqi Central Bank reserves and thus leads from the high value of the Iraqi dinar and stability.
Now hopefully everyone can see the roll oil and other resources will play and how it will cause the Iraqi dinar to gain value!
Making the numbers fit
People here have been struggling with large numbers and many are trying to come to any logical conclusion as to how this currency will gain value. It seems all the zeros don’t add up. Don’t worry congress gets just as confused when it sees lots of zeros too. It just boggles the mind.
It has been said through numerous articles that Iraq has 25 trillion dinar in circulation. Some say even 27 trillion. This number is then compared to the world GDP and to the US money supply. It has been said that the US money supply is only 1.7 trillion some say 8.5 trillion. So it would be impossible to revalue a currency when that much dinar is in circulation. I would agree with this assumption if those numbers were correct. But these numbers are not correct. As we will see
Just because Iraq has introduced 25 to 27 trillion dinars into circulation does not mean that all that money stayed in circulation. Iraq has pulled money out of circulation. Here is an article that surfaced in the spring of 2010.
Iraq : Iraq announces withdrawal of 70 percent of the excess liquidity
Stressed the continuing support of residential, industrial and service
Baghdad, Taha Hussein
Iraq could pull a high proportion of excess liquidity for local market needs as well as continuing to support projects of industrial, service and housing.
Director General of BADEA Abdul Hussein al-Yasiri at a news conference attended by “morning” that the bank has achieved an important work focuses on two aspects, namely the withdrawal of excess liquidity from circulation and put it into the market again as it allows taking 24 trillion and 800 billion dinars, representing 70 percent of the liquidity, adding to The second aspect of the directions of the Bank is to support a draft comprehensive banking and industrial sectors, service and construction projects, construction and allocation of part of loans to farmers and the financing of housing projects, especially that the country needs to build more than three million housing units, noting that the bank was allocated 6 trillion dinars for the purposes of housing, commerce and industry to by granting loans to the public sector such as the Ministry of Electricity, which granted a loan for the development of electricity and the purchase of bonds and remittances in the form of two waves exceeded Akiemha four trillion and 800 billion dinars, as well as giving companies and the Ministry of Industry more than a trillion and 115 billion dinars, a contribution to the implementation of rehabilitation projects and the development of these companies , in addition to the different loans granted by Bank staff and employees in government departments, different. Speaking of housing loans granted by Iraq for the citizens and that the bank used Balakari as his experience in granting housing loans to citizens Vakarz final amount exceeded 300 billion dinars, in addition to the prepared study in how to grant housing loans by him directly, because the bank wanted to avoid the mistakes that many international banks through the equation between the deposits and the type and between loans and advances, indicating the presence of short-term deposits and long-term and there are loans and lines of short, medium and long-term bank, which has the right vision for the future must be prepared to lend this budget and on this basis, as he put it. Director-General warned that the bank is still going to give the citizens of housing loans of $ 30 million, indicating that the bank is required possession of the citizen who wants to get this loan for a piece of land as fit for building residential unit more than others, as well as its continuation in the granting of commercial loans and industrial. Said that Iraq had set a ceiling for advances not to exceed one trillion dinars and is currently studying the possibility of developing a new roof or the lifting of the ceiling reached by the bank in the previous round.
Here we see Iraq withdrawing money, but at the same time it is stressing that it will still have enough money to support projects for industrial, service, and housing.
So what is excess liquidity?
Becker provides a precise definition of “excess liquidity”, which is simply that if money supply expands faster than nominal gross domestic product (GDP), excess liquidity will be created. In other words, excess liquidity is the percentage year-on-year (y-o-y) money supply growth minus the percentage y-o-y growth in nominal GDP.
It is evident that the Central bank of Iraq has been pulling money from the supply look at the CBI
The coins are already pulled from the money supply.
“The notes were similar in design to notes issued by the Central Bank of Iraq in the 1970s and 1980s. A 500 dinars note was issued a year later, in October 2004. In the Kurdish regions of Iraq, the 50 dinar note is not in circulation.
In 2004, new 25, 50, and 100 dinars coins were introduced. However, these coins proved to be unpopular & were withdrawn from circulation.”
I don’t know exactly how much Iraqi dinar is in circulation and how much has been pulled at this point. I am still trying to determine this, but what about the US money supply?
The US has 1.7 trillion dollars in printed currency this is called the M1 money supply. The US also has digital currency. The digital currency and the physical currency added together is called the M2 money supply. The M2 money supply is 8.5 trillion. The money supply is greatly expanded by the use of something called Fractional Reserve Banking. This is outlined in a book produced by the Federal Reserve called Modern Money Mechanics. This short video will explain how it works.
Now you know exactly how the money supply is expanded through the fractional reserve banking system. So take the base money supply and times it by 10 (the reserve limit) now you have 85 trillion as an expansion possibility. However the reserve requirement has been removed.
So ask yourself, If the federal reserve and the bankers can expand the money supply this much, How come the reserve requirements were removed? The money supply has been expanded even further through Quantitative Easing 1 and 2. The total US money supply is M3. Good luck finding an accurate number.
So money = debt and debt = money. Every dollar in circulation represents someone else in debt. Now check out the US debt Clock
Maybe we can kind of guess what the real M3 money supply is from calculating all this debt.
Iraq is a world currency. It is spread throughout the world. So to determine if there is enough currency to revalue you need to look at the global picture, not just the United States currency. Keep in mind that there are about 150 central banks and don’t forget to take into account Fractional Reserve Banking for each bank!
What about Redenomination?
In the last redenomination article I read two things stood out. First the new government would need to approve the dinar. Second they will conduct a study to see if this is a good option. So if this is correct no decision has been made at this point. They would also need to determine the cost and build it into the budget. There has been an on again off again approach when discussing this topic. There are many articles that say they will not redenominate. I am going to quote from the Wikipedia link provided earlier.
“According to a Reuters report on 11 Feb 2010, Iraq expects to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to facilitate currency transactions.”
The Rothschild family owns Reuters. This is the same Rothschild family that owns the CBI. History is about to repeat itself once again. Remember earlier that the Rothschild’s ancestors purchased all the colonial currency they could find and at the same time they had their network of people declaring how worthless the currency was. Soon afterwards Alexander Hamilton restored value to the Colonial currency.
The same thing is happening today. The Rothschilds are setting up their network of agents and friends with as much Iraqi dinar and bonds as possible via the stock market and acquisitions, and at the same time they say the currency will redenominate and is worthless through their media complex. Places like Reuters and AP provide the Rothschilds with their own personal forums. Then when the time is right Shabibi will revalue the dinar.
So if you clicked on the links and watched the video in the last link above you know that the Rothschilds also own the oil company Royal Dutch Shell. Look at the oil contracts in Iraq that have been given to shell. Look at the 17 billion gas contract signed by shell.
When we consider an Iraqi dinar RV we need to look at the really big picture. There is more at stake here than a war-torn country that suffered under a brutal dictatorship and is merely trying to emerge from economic ruin. We are dealing with global interests that want to establish a foothold in this region. The global elite wants to dominate this region and establish their control over it’s recourses. The dinar is a tool to do just that.
Mods please move this post if it is in the wrong place Thanks
Posted 24 November 2010 - 06:41 PM
Posted 24 November 2010 - 06:51 PM
Posted 24 November 2010 - 06:57 PM
Very well done.. thanks so much for your hard work.
Allot could be said for the Rothchilds (own CBI etc.) and others in
Banking. Research for yourself, just type in their name, or Illuminati
(sounds crazy right?)
I know. I thought it was hyperbole too, when I first heard of it. Just do
the research, and let the evidence speak to you, then reach
your own conclusion.
Go R/V!!! (Happy Thanksgiving to all)
Posted 24 November 2010 - 06:57 PM
Posted 24 November 2010 - 06:59 PM
Posted 24 November 2010 - 07:02 PM
Posted 24 November 2010 - 07:11 PM
An interesting piece of research ... and footnoted too ... thanks for adding to my education and understanding.
Posted 24 November 2010 - 07:20 PM
Thanks for an amazing compilation, I really need to read Griffon's The Creature From Jekyll Island. That, at least, will be a start at some understanding of this topic.
A Happy Thanksgiving to all.
Posted 24 November 2010 - 07:25 PM
My only question is why?....and I mean this with all sincerity…I’ve read a lot of your post and I can’t figure out why you are so determined to convince people that they will become millionaires. As you stated there is no guarantee…and I and many others do not believe it is even remotely possible but you work very hard to try and convince everyone that it is going to happen and I would really like to know why feel like you need to do this.
Posted 24 November 2010 - 07:33 PM
Posted 24 November 2010 - 07:36 PM
Posted 24 November 2010 - 07:40 PM
Posted 24 November 2010 - 07:50 PM
Posted 24 November 2010 - 08:05 PM
Peace and gratitude
Posted 24 November 2010 - 08:31 PM
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