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20MillionDinar
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Posts posted by 20MillionDinar
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Right... but I'm a firm believer that one must connect dots, and if you've been connecting dots recently you will see something is indeed up, unlike anything you've ever seen before...especially with the BRICS and other countries trading in their own currencies, which I don't need to tell you what that means... Also, have you ever seen the amount of mass resignations there has been since February? Total cabinets resigning, don't forget Kuwait cabinet resigned in November... Goldman Sachs board members in the UK resigning all the same day? Nobody knows when this is going to go down because, to be honest...there are bigger things here in play... much more than just money... we're talking about saving our planet and humanity... but from all the research i've done, all the signs are pointing to within the next 30 days. I have a strange intuitive feeling about something major on May 6th.
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.
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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?
Great preparedness...hopefully everything goes down as peacefully as possible, which I think it will cause 99.9% of humanity wants this to happen. My argument when it comes to the timing issue is, I definitely have been losing patience with the "hurry up and wait" mentality of it as well..but when you put into account this is a global effort to purge out all evil from every important sector of life, this needs to be methodical and cannot be rushed...the good news is they've been at this for 20 years, and we've had the new US treasury system online since 2008 just waiting to be activated...new bills and minted coins since 2009 waiting to be distributed... the only thing that was needed was a mass awakening, and that has happened.
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.
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Not sure how it's going to play out to be honest when it comes to our currency... we still owe 1.4 trillion and are nothing but a consumption nation, we'll see...the important thing is getting criminals out of our lives, going from a debt system to an equity system...and unleashing suppressed cures and technology. We should be much more evolved by now and there are a certain group of people who have stopped human evolution for 60-100 years. And I think you're very incorrect on the timing of this... there have been commercial liens placed against all 12 federal reserve banks... this is coming to a head very soon, I expect within the next 30 days to see major news and changes.
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.
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I don't know exactly how it's going to play out, I just have bits and pieces... but what you're seeing is the end of the FIAT system...I expect a complete euro crash followed by the dollar crash...but this time, there will be mass arrests... they thought they got away with what they did in 2008...all they did was dig their own graves. The mass resignations are either people abandoning ship and fleeing, under house arrest, or cut a deal. There have been some key sources talking about these upcoming events for a long time... The fed reserve notes will be allowed to run side by side with a new resource backed currency for us for one year I believe... and apparently we will be able to exchange the worthless notes for the resource backed currency but those details are still sketchy... what is important to know this time around is that The Federal Reserve and the banks that own it are PRIVATE INSTITUTIONS, any debt they incur are not the American People's problem, our national debt is only 1.4 trillion, the rest is theirs...once Basel III is implemented here, they will be forced to put all their bull.shi.t derivatives on their balance sheet... hence they will be bankrupted.
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!
My bad, I didn't explain how that ties in with the Iraq RV... once the western cabal's system of FIAT is zeroed out....there will be a global "valuation" as I understand... the valuation will be based on the nation's resources.
I understood, thanks for the clarification though.
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The hell it doesn't... this is a worldwide event about to go down. Iraq has been ready to RV for over a year... there have been many dots connected thus far if you've been vigilant, and there will be more to come in the next couple weeks.
Which currencies do you think will crash?
Which currencies will survive or thrive?
I already know Precious Metals is on the thrive list...
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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.
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Yet they pumped more dinar into circulation, and reserves remained the same
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?
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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.
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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.
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Well I dont think it's gonna change the world straight out of the gate and become the new reserve but what is held will be held as a foregin reserve holding's by the central banks while the rate increases .... I could be completly wrong here anything is possible, this is Iraq after all.
Ha Ha Ha me too .... what a night that girl was a super freak lol, even went back for seconds .....
LOL. And who says we can't meet people online?
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You too TimS....You always talk of a lop. If you truly believe that why are you invested and hang out at Dinar forums? Please educate me. Is it because you fell originally to Guru hype? If so sell back now before it is too late in your eyes.
And Machine I HAVE read 20million....I have read his stuff. And if I believed it like you seem to do I would have sold out and wouldn´t be here wasting my time. But obviously I do not.
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.
Cheers for the reply 20million ... yeah the reserve currency is the most likely outcome i believe, only time will tell
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.
Dang blasit. Had a whole response typed out that suddenly got deleted....I will attempt again...
I do not understand your statement of making friends. I have been on the internet since 1997 and have never met someone from it. Do you have coffee with the ones here traveling thousands of miles to do so? If not then that person is not really a friend right? It is fine if one has a different opinion but why if someone does not believe anything will happen with this investment do they stay involved in it? For an example, I hate cruelty to animals so I do not go to illegal dogfights to witness it. Same with this. If I truly felt it would lop, I would not be here. Why do your ¨friends¨ stay here?
Am I VIP? Never considered myself a Very important person. I am more humble than that.
By the way, I personally HAVE MET someone from the internet! She was fine...
LOL 
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In theory yeah why not ...... but then what happens when the rest of the world gets jealous of the US writing off all their debt and boycotts all US exports ........ can anyone say Trade Sanctions or WAR PROFITEERING lol
not to mention making unreasonable profits from war is widely considered unethical and is deeply unpopular, so attempts to prohibit excessive war profiteering, such as the imposition of an excess profits tax, receive much political support in wartime. Defining 'excessive' accurately is difficult, however, and such legislation frequently allows some instances of profiteering to go unchecked while reducing the income of others' war-related business to loss-making levels.Criticism of companies such as Halliburton in the context of the Iraq war draw heavily on the stereotype of the businessman profiteer. Slogans relating to 'blood for oil' have a similar implication.
Steve Clemons, a senior fellow at the New America Foundation think tank, has accused former CIA Director James Woolsey of both profiting from and promoting the Iraq War.
The Center for Public Integrity has reported that US Senator Dianne Feinstein and her husband, Richard Blum, are making millions of dollars from Iraq and Afghanistan contracts through his company, Perini. Feinstein voted for the resolution giving President George W. Bush the authority to invade Iraq.
Indicted defense contractor Brent R. Wilkes was reported to be ecstatic when hearing that the United States was going to go to war with Iraq. “He and some of his top executives were really gung-ho about the war,” said a former employee. “Brent said this would create new opportunities for the company. He was really excited about doing business in the Middle East.”
The War Profiteering Prevention Act of 2007 intended to create criminal penalties for war profiteers and others who exploit taxpayer-funded efforts in Iraq and elsewhere around the world. War profiteering cases are often brought under the Civil False Claims Act, which was enacted in 1863 to combat war profiteering during the Civil War.
Major General Smedley Butler, USMC, criticized war profiteering of U.S companies during World War I in War Is a Racket. He wrote about how some companies and corporations increase their earnings and profits by up to 1700% and how many companies willingly sold equipment and supplies to the U.S that had no relevant use in the war effort. In the book, Butler stated that "It has been estimated by statisticians and economists and researchers that the war cost your Uncle Sam $52,000,000,000. Of this sum, $39,000,000,000 was expended in the actual war period. This expenditure Yielded $16,000,000,000 in profits."
Now the US and every country these days are thought of as companies ....... shouldnt they have to conform to the same rules as everyone else....
I know if the US did that and cut out everyone else I personnally would not buy another US product ..... ever.
But anyway this is all a hypothetical and aint gonna happen, Cheers for making me think though +1
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!
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wouldn't that be insider trading ???
Insider Trading does not apply to the FOREX market.
20MillionDinars:
Problem with your plan is that I just don't think Iraq would accept devalued US dollars in exchange for their hard backed currency! In fact none of the Bric Nations want to accept devalued US dollars, that's why they broke away from the dollar as world reserve currency recently.
Carlos
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...
20 million is a lopper. I do not think you guys´get it that he is making fun of this whole RV thing.
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.
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I like it!
Hey, while we're at it, let's have the Federal government print off enough for everyone to buy a new car and pay off their home loans.
Thank you Iraq!
But why stop there....
I do have credit card balances.... and a vehicle payment. And it would be nice to finish the landscaping in my backyard and buy some solar panels to put on my roof. How about this: The Federal government pays off all of my debt (home loan, vehicle, credit cards, etc.) and the debt of all American citizens; pays off the US national debt; and then cuts each American citizen a check for $100,000. Sweet! Now we're talkin'.... Thanks Iraq.
But why stop there....
What about instead of just paying off the national debt the Federal government wises up and decides it would be a good idea to have a surplus. In fact, instead of $15.6 trillion in debt, let's go to $15 trillion in surplus. YYYEEEESSS! That's what I'm talkin' about! Thank you Iraq!
But why stop there....
We should also consider the debt of the vast majority of US States..... that definitely needs to be addressed. BOOYA! Thanks again, Iraq!
But why stop there.....
LOL
I like where you're going with this WW! Daddy needs some new shoes!-
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Corrected my math.
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...
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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.
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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.
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I'm sure your a nice person
I don't understand why you continue to post garbage from the gurus
Dame
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.
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And now for the bad news. Their money supply is up to 35 trillion so they're not planning to RV either apparently.
Wow! This is exactly what I DIDN'T want to see. More Dinars being printed and distributed...
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The classic Pump & Dump scam.
Nice post!
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Nice post dMan.
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<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>
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I know for most people who've researched into NESARA, they think it's a scam...well guess what...the same disinformation put on the internet about the dinar being a scam is the same dept/ putting out the disinformation about NESARA being a scam ...there really is a dept. of disinformation which really pisses me off that our money goes to these type of black ops... but here are the REAL changes coming in the very near future(after mass arrests):
National Economic Security And Reformation Act(NESARA):
Executive Summary
Monetary Policy Reform
Establishes three types of United States currency: standard silver coin and gold coin (restores Constitutional currency), and treasury credit-notes
The United States Treasury buys and cancels all outstanding capital stock of the former Federal Reserve Banks
The privately owned Federal Reserve System is abolished, returning ownership of the national currency to the people through a newly created United States Treasury Reserve System
A new Board of Governors of the Treasury Reserve System uses a specific law-mandated plan to maintain and stabilize the exchange value of the currency
The new Board assumes all powers and responsibilities of the former Federal Open Market Committee, eliminating private control of the nation’s monetary system
The existing regional Federal Reserve Banks become Treasury Reserve Banks and continue clearinghouse operations and other bank service functions under the direction of the Office of the Comptroller of the Currency
All commercial banks must exchange their income-producing government obligations for treasury credit-notes (reduces the national debt)
Only treasury credit-notes may be held as bank reserves
Fundamental changes are imposed on the repayment of all outstanding fractional reserve loans on secured property—principal must be repaid before the monetizing-fee is paid (applies retroactively to existing mortgages reducing private debt)
A progressive federal excise tax is imposed on the privilege of making commercial loans of currency for profit
Commercial financial institutions such as credit unions are provided, subject to some restriction, with opportunities to operate with fractional reserves
Fiscal Policy Reform
Amends the existing federal income tax system
A national retail sales (excise) tax is imposed upon non-exempt retail activities of commerce (20 categories of exemptions covering most necessities of life)
The Internal Revenue Service is reorganized as the National Tax Service to administer the collection of the new tax
What NESARA Does Not Immediately Do
Eliminate all payroll taxes, such as Social Security and Medicare taxes
Eliminate constitutional excise taxes on regulated activities
Immediately eliminate the entire national debt
Immediately halt inflation (the economy needs some response time before inflation will disappear)
I think I remember reading this exact post. Where did this originate from? Thanks for sharing.
Netherlands Government Collapses - Exit from the Euro
in Foreign Currencies
Posted · Edited by 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.