20MillionDinar

Yea I read this a few days ago, not too sure what is going on though to be honest. Looks like they are selling their commodities and precious metals side of the business? Which is CRAZY due to the fact that JP Morgan is the biggest reason why Silver is so low. They have been shorting billions of oz's of Silver for years now manipulating the true market price. I wonder though, if this is only the "physical" metals/commodities or if they will stop all of their "paper" transactions as well in regards to precious metals...? Help me understand what is going on with JP Morgan if possible.

I agree, a lot of strange things happening around the world. I believe we agree on almost everything except the time frame. May 6th is as good a day as any! Enjoy the rest of your evening HJB.

All of that information is common sense. Anybody who has been following the markets for even just a few years knows all of this already. The following is from DivineCosmos.com and was written by David Wilcock: IT WILL BECOME MUCH CLEARER ONCE IT HAPPENS All that being said, no one will ever fully be able to prove anything until it happens. Intuitive data is still intuitive. It is not admissible in a court of law. It is speculative. Therefore, I do understand that people's grievances are legitimate. Information is being given, but no absolute proof can be shared. Herein lies the problem, we know the main stream media is controlled by the elite, but what makes these guys information any more credible? Why believe everything that they say when even they say "...but no absolute proof can be shared." I have prepared myself but I am not going to disregard all of the money making opportunities that are available to me now, that is insane. There are ways to hedge your losses in case what they say is true comes to pass. I have been hearing these things, from some of the same people such as Benjamin Fulford, David Wilcock, as well as a few others, that "the world's monetary system will crash next month" for years now. Trust me, I have been following this for a long time... The crash of the US dollar is inevitable, however, what is unclear is what will happen next. We hear what they say, but even they don't know for sure, if they did, we would see undeniable proof on their blogs with all of the other information they post, right? Could you show me some links with information in regards to the new US Treasury system as well as the new bills and minted coins? I have seen a few links, but they were definitely not proof positive. More like theories and possibilities.

I also read the liens against the Federal Reserve banks a few weeks back. The things is, he is always saying "it is just around the corner" or tomorrow we will see major changes... Things are still moving along like normal because the powers that be still have a lot of control over what happens and how it happens... One thing I agree on though is the important thing is getting the criminals out of our lives and going from a debt system to an equity system. This is a definite plus and we will all be much better off when these changes take place. It is only a matter of time, that seems to be where we disagree. Other than that, keep up the good work, keep learning, and as I'm sure you already are, be prepared. We have a one year food supply, water, power, and things to barter with just in case the **** hits the fan.

Interesting. I've been following this for quite some time as well. Right now I am shorting the EURO. I don't think the USD will crash anytime soon, well not at least for the next year or two. This "plan" will not be completed for a few years at best. If the IQD RV is waiting for the USD to crash then we will be waiting a few more years. All of this is possible, just don't think it's going to happen as soon as Benjamin Fulford is portraying. Thanks for your insight HJB. If the new currency system is based off of resources and production I would think that the US would still have one of the highest valued currencies if not the highest valued currency in the world. We have vast amounts of oil reserves (possibly the biggest), our GDP is the biggest in the world, and the one thing us US citizens have over other countries is the entrepreneurial spirit! This means the USA will still be in an excellent position after these changes! I understood, thanks for the clarification though.

Which currencies do you think will crash? Which currencies will survive or thrive? I already know Precious Metals is on the thrive list...

I personally think the Euro will collapse by the end of the year. We're probably going to start seeing more and more countries backing away from the Euro come September. I have already put in a few orders to short the Euro a couple days ago. I don't see things getting better over there.

How much Dinar did they recently pump into circulation? I think I read the CBI spreadsheet and it said there is now 31 Trillion up from 26 Trillion... Is this correct?

Ali... Of course he came back to make money. I can't believe people thought that the RV was here just because he opened up shop again here in the states! Those buy back prices are extremely low... GID has always been my Dinar dealer of choice! Thank you Frank for clarifying his buy back policies.

Forgot Links: http://www.businessinsider.com/potassium-iodide-protects-troops-from-nuclear-fallout-2012-4 http://www.naturalnews.com/035649_DHS_ammunition_domestic_war.html

The climactic crescendo to the greatest economic collapse is nearing, with an estimated time of arrival within the next 6-18 months now that Spain is officially in the game. Throw in wildcards from Iran, Israel, North Korea, and Fukushima… And frankly, I think you’d have be crazy NOT to make preparations. If you don’t believe me or just think that I’m being an alarmist, simply look at the government and what they’ve been buying the past two months… 1: 75,000 packages of Potassium Iodide to protect troops against radioactive fall-out. 2: 450 Million rounds of .40 caliber hollow point. Now this quite possibly the most disturbing piece of news I’ve read in a while, (although expected)… Why? Well first of all, hollow points are only used in active duty, when maximum damage and death are the desired results. They are never used in training. Third, the military primarily sticks to 5.56 rifle rounds, and 9MM, or .45 caliber pistol rounds. The only group that uses .40 cal, is American law enforcement. And what’s most disturbing of all, is that hollow point rounds are outlawed by the Geneva Convention, so they can’t be used on a battlefield such as Iraq or Afghanistan. Which means that logically, there’s only one place on the planet where these bullets are intended for use… In America, on Americans.

LOL. And who says we can't meet people online?

You have read my "stuff" have you? Well then you shouldn't be saying that I am here wasting my time. Here you go, read it again. This is my break down of why I am here and why I don't believe in what you believe in. I do feel that a gradual increase in the IQD is possible! This way they could slowly reduce the amount in circulation while increasing the value of each existing currency unit in circulation. Increase oil exports, build up infrastructure, promote growth in the private sector, which will all help to build their countries' overall GDP. This is how a currency gains value in the real world. If Iraq is worth 60 Billion but has 30 Trillion dinar in circulation. They could keep that same value ($60 Billion) but make each existing currency unit (IQD) worth more by reducing the overall amount. However, the decrease in currency in circulation needs to be gradual, as well as the increase in the value of the IQD. The reason it needs to be gradual / controlled is so that they maintain inflation. Keeping inflation under control has been one of their biggest priorities during A $0.10 straight up RV of the IQD would make Iraq equal to Japan! Folks, I admit that my original post was sarcastic. But I was asking a legitimate question. The Machine has given me the best answer. Remember, this is a forum, where people have open discussions, different opinions, & different perspectives. People will not always agree with each other, but you can agree to disagree in a respectful manner. I don't go around bashing people who believe in a 3:1 RV, or a 1:1 RV, or a 5:1 RV! However, I do try to bring value to this forum in various discussions. I have sold the majority of my holdings, but I am definitely going to keep a nice little chunk of Dinar in case the unknown happens. I know enough to know that I don't know everything in life, and if the IQD does straight up RV, well, I wouldn't want to miss out! I am not trying to convince anybody to sell, just stating my own opinions as I still have the right to do so in the good ol' USA. Hope nobody took offense in this thread, just brought up a good question in a sarcastic way. I apologize if I offended anybody by my approach. If the IQD becomes a reserve currency, then literally ANYTHING is possible with this currency, and I mean this in a very good way! Look at the EURO, the USD, Yen, and British Pound. We can print, print, and print, and it is still accepted and in high demand all over the globe. This is how we could see a substantial straight up RV. By the way, I personally HAVE MET someone from the internet! She was fine... LOL

This is probably the best answer now that I have thought about it. War profiteering is seriously frowned upon. Why would we do it in this "in your face" kind of way when we can profit from other aspects of the war. New oil contracts, private enterprises, contractors, taxes that those companies generate, etc... Thanks for your insight The Machine. Always enjoy your posts. If in fact different governments are holding IQD and it does in fact become a Reserve Currency in the near future, then at least the wealth was distributed more or less evenly!

Insider Trading does not apply to the FOREX market. The fact is, they actually do accept US dollar right now for their Oil. They also sell IQD for USD. The majority of their reserves is USD which serves to back their currency 100%. The USD is not as "worthless" as some may think... I am not a "lopper." A lot of things do not add up but I have done my fair share of research and I have brought a lot of value to this forum. Just because I don't believe in a straight up 1:1 RV doesn't mean I hope or want the Dinar to "lop." I hold Dinar in hopes that they gradually increase the value of the IQD through time. I have already made myself clear on this point time and time again.

LOL I like where you're going with this WW! Daddy needs some new shoes!

You would obviously need to factor in the spread and exchange fees. But you are right, the return would be a little less than 2x on the original investment after everything is said and done. For those who just recently purchased it's not a bad return. For those who have been holding anywhere from 3-8 years that is not very good at all. Many other investments have done much much better...

Tell me how logical this sounds. Is this really how economics work? Why doesn't the USA buy up ALL of the Iraqi Dinar and wait for the 1:1 or even 3:1 RV? Due to the fact that we invaded Iraq we must know about the original "plan" that was in place right? Seems only logical to profit as much from this current situation as possible right? Since we run our printing presses 24/7 and don't seem to care about the effects, what is an additional $30 Billion USD in the grand scheme of things? Nothing... But, the $30 Billion will buy 30 Trillion Iraqi Dinar. At a 1:1 RV this would give us $30 Trillion USD! Take $15 Trillion and wipe out our national debt completely, then we would have another $15 Trillion just sitting, waiting, ready for whatever. So we print our worthless USD and trade it for Dinar and wait for the 1:1 RV! All of our problems are solved! While we are at it, we should ask Iraq to print another 100 Trillion or so and buy it all at once. That would only cost $100 Billion... We have already printed over a trillion during the past few years for our banks bailouts.

I'm also very curious to see what move they make later this week! More QE is excellent for the stock market and definitely a good thing for Precious Metals. However, it is bad for the US Dollar and inflation. With elections coming up I'm sure they don't want the latter, however, it might be necessary. My Guess: They will inject the market with more money but won't actually call it QE3...it will happen under some other name. Probably more liquidity swap arrangements between the FED and the ECB.

I don't get it either... This has been brought to Luigi's attention multiple times, but he doesn't seem to care. Luigi, I know you post this garbage in the "Rumors" section but why do you even bother? This doesn't add value to our site and doesn't give you any credibility either. I use to enjoy our posts, but all you ever post these days is crap from Okie / Bulldog...nobody wants to read this. Normally I just skip over your posts but I decided to comment this time.

Wow! This is exactly what I DIDN'T want to see. More Dinars being printed and distributed...

The classic Pump & Dump scam. Nice post!

Nice post dMan.

<b>Is the Yuan Ready for Prime Time? by Jack Crooks Saturday, April 21, 2012 at 7:30am Many commentators who follow the global markets were very excited on the recent announcement that China would "widen the trade band" for its currency. The People's Bank of China, China's central bank, said it would allow the yuan to trade up to 1 percent on either side of a midpoint price it sets every trading day. Previously the currency was allowed to fluctuate 0.5 percent. If the Chinese currency is going to lift the Chinese economy out of trouble, it will take a lot more than a 1 percent change in the trading band. The country requires a major restructuring of its growth model, to which its currency is only one component; albeit a very important one. The belief that this move is a reflection of the fact the yuan will displace the dollar in the near future seems farcical.Some were so overwhelmed, they pronounced this must be proof positive China is not headed for a hard economic landing, and soon its currency will be replacing the dollar as global reserve currency. That is a bit of hyperbole, to say the least. China's Desire for World Status I don't think there is any doubt that China would someday love to attain world reserve currency status with the yuan. And indeed, they have taken some minor steps in the process of internationalizing their currency. For example, China has established currency swap arrangements with some of its key trading partners, so both countries can bypass the U.S. dollar. It has also allowed a Chinese yuan Hong Kong deposit to be created; it trades freely in Hong Kong. And then there is the widened trading band, which I discussed at the beginning. Given the dismal status of the global monetary system, China isn't the only one unhappy with the U.S. dollar as the global reserve currency. But if history is any guide, shifts in the global monetary system take much longer than we expect ...These actions, plus their general disgust with being locked into the U.S. dollar reserve system (the U.S. Treasury/Federal Reserve implicit weaker dollar policy means China must pay more for imported commodities as most currencies are priced in dollars), means China would jump at the chance to have an alternative. One reason is because they are haphazard. Changes in global monetary status morph, or at least it has been that way historically. All we have to do is watch the G-20 to see how difficult serious, multi-global planning can be ... The handoff from pound Sterling to the U.S. dollar was an unplanned evolving event that accelerated after WWI. And there was no great planning when President Richard Nixon took us off the gold standard, which ushered in the error of floating rate currencies. The gold was draining out of Fort Knox, something had to be done. Game over. Dirty float for a couple of years, then no pretense whatsoever of anything backing the currencies of the world's major powers. Just faith in governments to repay! From that point onward it was clear to all that money was not a store of value, but simply a unit of exchange once it became de-linked from real value. So it leaves us where we are: Stuck with a global system of money that can be created and destroyed at the whim of governments and central bankers with the U.S. dollar the core of the system. It's no wonder many are looking for something better. But even if the Chinese yuan is something better (I don't believe it is), let me explore the myth that ... The Chinese Currency Will Soon Replace the Buck Rather than turn this into a LONG essay, I will break it down into seven bite-size chunks — the reasons why I think the Chinese yuan is a very long way from world reserve currency status. Reason #1— Size isn't everything It is never as simple as "the world reserve currency goes to the country with the largest global GDP." The U.S. surpassed the U.K. in terms of total GDP back in the 1870s. Yet pound Sterling remained the reserve currency for another 40 years or so. Reason #2— Wrong growth model Remember, the world reserve currency country is saddled with a consistent current account deficit. Thus, China must push out trillions of renminbi and renminbi-based assets into the world economy. Fine if your model is open and based on consumption. Not so good if it is driven primarily by exports, as China's is. So we will need to see a big shift in China's growth model. That will be a wrenching long-term process. Reason #3— Lack of free market capitalism The reserve currency country must open its market to allow foreign investors to hold local assets. This means China will have to make a complete change to its current political structure to allow much more freedoms for citizens (not only allow money to flow in, but allow its citizens money to flow out freely). The system in place is not something that is likely to change anytime soon despite the window dressing. The communist party still maintains absolute power, even though comments from visitors claim there was free market capitalism during their trip to the Orwellian Hall of Mirrors. It shows just how well the central committee is doing its job. The West in general is duped by the Chinese leadership. If you want a better insight into this issue, I strongly suggest you read, The Party: The Secret World of China's Communist Rulers, by Richard McGregor. The latest scandal regarding the powerful Bo Xiang and the death of a British businessman, highlights the fact the Chinese leadership is less than meets the eye. Reason #4— The U.S. is becoming wealthier relative to China Say what? All true. The fact is that the average Chinese citizen is more than $17,000 poorer relative to the average American than he was in 1991. Per capita income for relatively large states is the best single determinant of competitiveness long term. So until this trend changes, it is highly unlikely the U.S. will give up the mantle of currency reserve status. Reason #5— Low projections Even optimistic assumptions from those who should know, assuming China's growth remains on track, suggest by 2035 up to 12 percent of global reserves may be held in yuan. Indeed, a far cry from world reserves status. Reason #6— China's debt bomb Officially, all is good. But unofficially, China may be facing its own debt bomb that could dampen growth for years, not just one or two quarters. Never say never ... it happened to Japan. According to Reuters Breakingviews, "The government's official debt is only 15 percent of GDP, but it adds up quickly. Ratings agency Fitch estimates a bailout could cost 20 percent of GDP. Add the unpaid cost of the last bailout, debts at state-owned entities, local governments and pension liabilities, and a Breakingviews calculation suggests Beijing's debt rises to roughly 130 percent of GDP." Reason #7— Offshore deposits may backfire! The current attempts at internationalization of the yuan seem backwards. Normally a country opens its capital account and upgrades its domestic financial system before attempting to internationalize its currency. Instead China is offering bi-lateral exchange deals with some trade partners, and that gets a lot of press. But that seems to be mere window dressing as countries are really taking up the credit China is offering. And the developing offshore yuan deposits in Hong Kong may actually backfire, as the unofficial yuan rate in Hong Kong (CNH) is fluctuating around the official rate in China (CNY). This may force China's central bank to actually hold more dollars. BUSTED! China's decision to widen the trading band on its currency is a step in the right direction. But it doesn't mean the yuan will be a real challenger to the dollar anytime soon. So as far as I'm concerned, the myth that the yuan will soon replace the dollar as the world's reserve currency is clearly busted. My advice: Don't get caught up in the hype. It will be a long time before the Chinese currency is allowed to fluctuate much against the U.S. dollar. If you want action in the currency markets, the yuan is not the place to be. Best wishes, Jack </b>

I think I remember reading this exact post. Where did this originate from? Thanks for sharing.