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Brisco last won the day on May 1 2011

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About Brisco

  • Birthday 07/04/1957

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    Born on the Fourth of July

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  1. The people in Dubai do not like the “Flintstones” However The people in Abu Dhabi Do
  4. This link really helps bring an understanding of the Region.
  6. How Fractional Banking Works To Allow For A Revaluation Of The IQD (Originally Posted by Red Lily) 10/17/2011 How Fractional Banking Economics will allow a high RV EXPLAINED: First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: ■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. ■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. ■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: ■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 ■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. ■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 ■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” ■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!
  7. Thug happy to see one of the original OG’s is hanging tuff. Happy Holidays to you and yours DV world.
  8. We all face changes every day – whether it is a simple change in the weather, our schedule or expected change of seasons. Change affects us all and we each deal with change differently. This only constant in life, the only thing we can be sure will happen. To expect change has brought me hope during challenging or unexpected life events. This same thought has also brought fear in situations where the last thing I wanted was change. I’ve come to realize it’s not the circumstances or the changes that dictate how my life will go, but rather how I handle those changes and disruptions. No matter the change we experience, how we embrace that change will forever impact how we are able to live with the change. What coping strategies do you use to help you manage unexpected life changes? Do you fall back into old patterns of addictive behaviors or do you practice acceptance and other positive recovery coping behaviors? Acceptance involves action through positive coping strategies such as affirmations, visualization, journaling and mindfulness practice. Another positive approach to change involves reaching out to a supportive network of fellows, a counselor, family and friends. Their insight and perspective may be that change required to push you forward in the right direction. Remember that changes are a normal part of life, It is also amazing how we each have our own resiliency and ability to recover from, or adjust easily to, change. Practice living life with an attitude of gratitude HAPPY THANKSGIVING to YOU and YOURS
  9. NICE, made me smile THANKS
  10. OK 1st off the reason I’ve been out of the loop, “ To all I have befriended here on DV” Is due to a brain injury I have sustained. I have a hard time comprehending what I am reading. So it turns out being read to I can concentrate on what’s being said. I love using MOVIE quotes to describe Who, what, when, where & why It’s just who I am. And since sustaining my brain injury “movie quote” I am like 10 second Tom only I am 10 minute Eric. “ name that movie” I have said all that to say this, If you ever go audio let me know PLEASE. A text will be great, and will probably go down as one of the most memorable moments in my life. I’m talking print it out and frame it. I thought a call was going out to all PLATINUM VIP’s anyway, part of the #### ? Merry Christmas everyone and A Happy New Year.
  11. I remember documents stating the colilistion forces put in place a certain dollar figure per barrel of oil until reimbursed. Also when they had their new currency printed, that the participating countries could sell the dinar in support of Iraq. And the RV would be 1-1 as to not to confuse the largely uneducated public of Iraq. Then Forex and currency speculation would establish the Dinars value just like the rest of the world. However I don’t believe anything is foreseen when it comes to what Iraq will do. knowing their pride It would not surprise me at all it it RV’ed 1 cent over Kuwait’s Dinar presently at $3.30
  12. After 15 years in this speculation. I couldn't be more pleased with all the positive activity in just the last couple years
  13. Monday July 23rd That photo is saying oh so much, Look at the expressions on both of them.. Abadi is pleased and Trump is going wow, that rate is higher than I thought.. LOL
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