Floridian

Botz, he was talking about tourists (Cancun, Cozumel).

SpaceTuna posted this today in another thread: Jay Taylor: Under ‘Basel III’ Rules, Gold Becomes Money On March 29th! March 18, 2019 34 5825 It may be no coincidence that as March 29th has been approaching banks around the world have been buying huge amounts of physical gold… from Zero Hedge In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer. And not surprisingly, the lion’s share of gold is flowing into central banks of countries that are in the sights of America’s killing machine—the Military Industrial Complex that Eisenhower warned us about in 1958. The Bank for International Settlements (BIS), located in Basal, Switzerland, is often referred to as the central bankers’ bank. Related to this issue of central bank hoarding of gold is the fact that on March 29 the BIS will permit central banks to count the physical gold it holds (marked to market) as a reserve asset just the same as it allows cash and sovereign debt instruments to be counted. There has been a long-term view that China and other nations dishoarding dollars in favor of gold have been quite happy about western banks trashing the gold price through the synthetic paper markets. But one has to wonder if that might not change, once physical gold is marked to market for the sake of enlarging bank balance sheets. This also raises the question with regard to how much gold the U.S. actually holds as opposed to what it claims to hold. James Sinclair has always argued that the only way the world can overcome the debt that is strangling the global economy is to remonetize gold on the balance sheets of central banks at a price in many thousands of dollars higher. This would mean a major change in the global monetary system away from the dollar, as China has been pushing for the last decade or so. If banks own and possess gold bullion, they can use that asset as equity and thus this will enable them to print more money. It may be no coincidence that as March 29th has been approaching banks around the world have been buying huge amounts of physical gold and taking delivery. For the first time in 50 years, central banks bought over 640 tons of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when President Nixon closed the gold window and forced the world onto a floating rate currency system. But as Chris Powell of GATA noted, that in itself is not news. The move toward making gold equal to cash and bonds was anticipated several years ago. However, what is news is the realization by a major Italian Newspaper, II Sole/24 Ore, that “synthetic gold,” or “paper gold,” has been used to suppress the price of gold, thus enabling countries and their central banks to continue to buy gold and build up their reserves at lower and lower prices as massive amounts of artificially-created “synthetic gold” triggers layer upon layer of artificially lower priced gold as unaware private investors panic out of their positions. The paper concludes that, The only way governments can manage the levels of debt that threaten the financial survival of the Western world is to inflate (debase) their currencies. The ability to count gold as a reserve from which banks can create monetary inflation is not only to allow gold to become a reserve on the balance sheet of banks but to have a much, much higher, gold price to build up equity in line with the massive debt in the system. https://www.silverdoctors.com/gold/gold-news/jay-taylor-under-basel-iii-rules-gold-becomes-money-on-march-29th/

Thanks, Spacetuna. This is great news. Someone posted a video by Robert David Steele a while back. The video was dated 2/8/19. I made notes because I wanted to see if this fellow was correct. This is what he said about gold: 1. Trump is about to roll out precious metals-backed dollar. 2. Trusted source told him in the next 3 or 4 weeks, in addition to gold-backed dollar, a trillion dollars will be put into US economy from the "bottom up". And now, Qatar has come out with gold-backed cryptocurrency. I think all these things bode very well for the Iraqi Dinar RV.

@Synopsis, Thank you. 😊 I got a little worried when President Trump extended the 90 day exemption for another 90 days.

Synopsis, are you thinking the Dinar will revalue BEFORE the new 90-day exemption is up or are we waiting another 90 days?

I know it's a good thing. I will just be a little disappointed with a float, unless they first start out with an increase.

Sad to see this: BAGHDAD / The obelisk: The United States, Tuesday, March 19, 2019 extended the period of exemption for Iraq from its sanctions against Iran. "The administration of President Donald Trump has extended the deadline to exempt Iraq from complying with US sanctions against Iran for another three months," a US State Department source told CNBC.

He pointed out that the problem is characteristic of us and we must turn the page of this model of economies and stimulate the real sectors in the country and the industry, agriculture, transport, tourism and others. He added that the activation of the sector will contribute to the GDP and raise pressure on the central bank and limit the issuance of currency and the operation of human resources. In reading this, I don't think I like it too much. This is what Kaperoni has been talking about for years. Bring investment into Iraq to put pressure on the CBI to float the Dinar.

Thanks, Laid Back. 😊

I do believe you're right, 6ly.

Does this article have a date?

Have you ever heard them say this before????? 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country '.

Thank you Botzwana, Mary B and Poker Player. This is what we've been waiting for. It just makes me think - Instead of investing our money in Iraq so many years ago, we could have saved ourselves a lot of aggravation and just invested now, when Iraq is telling us that THIS is the time to invest. 😂

I guess the President does have something to do with this, after all: Pompeo urges Iraq to develop relations with Kuwait Washington's message to Iran and its follow-up on the anniversary of the fall of Baghdad .. The redeployment of American bases in Kuwait

" BAGHDAD / The Prime Minister, Adel Abdul Mahdi, on Tuesday evening, the offer of the States of Kuwait and Saudi Arabia to provide electricity to Iraq free of charge. " GOODBYE, BROTHERLY, NEIGHBORLY IRAN. MAYBE WE DON'T NEED YOU ANYMORE. (I wonder if President Trump had anything to do with this?)