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The World Economy is Saved!!! The World Economy is Saved!!! NOVEMBER 23, 2011 Share 29 The World Economy is Saved!!! By Dene McGriff The world economy looks pretty bleak at the moment. As I have written in the last three articles, there is way too much money and debt sloshing around in the world, too many entitlements, too much complaining and too little production. Interest rates are increasing in Italy, Spain and even France. The debt/death spiral has begun. But what if I told you that we have a temporary fix? Just remember, you heard it here first. I’m not going to back this up with a bunch of links because no one is talking about it and no one is supposed to even know about it. This is hush-hush. But the “powers that be” are about to come upon trillions of new dollars. Let’s all say it together: “Now wait a Wall Street Minute . . . how could that be?” Printing money and monetizing debt will only lead to ruinous hyperinflation. What you see is what you get. There is no unfound wealth left in the world and gold’s nearly at $2,000 per troy ounce. Ah, grasshoppers, but what if there is and you just don’t know about it? What if the government doesn’t want you to know about it? Before I get to the meat of this, let me ask you a question: Just how did Bill Clinton not only balance the budget but come up with surpluses in his last couple of years in office? These surpluses were in terms of how the budget is figured … there weren’t real surpluses if you count unfunded liabilities. Notwithstanding, for the first time in years, these surpluses showed up out of nowhere. Now, let me ask you: Is that because President Clinton was such a frugal spender? Was that because Congress all of the sudden got fiscal religion and stopped “ear marking” legislation for their districts? Was that because they cut back on military spending? The answer is “no” to the first two questions and a qualified “yes” on the last one, referring to military cutbacks. But hidden in there is a dirty little secret. The First Gulf War was paid for – not just by the Saudis but also by the Kuwaitis. During the war the value of the Kuwait Dinar collapsed to pennies, but the U.S. and a few speculators accumulated billions. There is no way of knowing exactly how much but that is the main source for the Clinton surplus. It took seven or eight years to see it, but it finally paid off. The dinar went from pennies to about $3.60 to one dinar, making it one of the most valuable currencies in the world! When the second Gulf conflict began, Bush and Cheney assured us all that the war would pay for itself. Bush set a plan in motion. When the first Gulf war began, the Iraqi Dinar went from $3.22 to one dollar to a fraction of a cent to the dinar and has stayed there for the past two decades. The Iraqi Dinar has been absolutely worthless for two decades. It is currently at about 1280 dinars to the dollar. There are many other currencies that are worth much more than their current value, the most notable is China’s, the Yuan Renmimbi; which is worth about 6.8 to the dollar. We are convinced that China has a competitive advantage because it is held at a low value. Another example is theVietnamese Dong which is worth about one hundred dollars per million Dong. Many believe the value is more like 20 Dong to the dollar. That is quite a difference, i.e., 0.0001 vs. .20 – an astonishing differential. Now, let’s shift gears back to the world monetary system for a moment before we come back to Iraq. The International Monetary Fund (IMF) realizes that the system of fiat currency isn’t working because it is based on the good faith of the individual government printing the currency and governments have proved down through the ages they can’t be trusted. Meanwhile, there is a huge hue and cry to return to the gold standard because it at least bases value on something tangible and keeps us honest. The problem with the gold standard is that there isn’t enough to go around basing a world economy on it. So, what to do? Over the past few years the IMF has been working on complex formulas which would determine the value of a country’s currency based on their resources and productive capacity. This could mean agricultural, mineral or other natural resources or manufacturing output, intellectual resources (e.g. those who create technology) and so forth. The idea is to come up with objective, quantifiable criteria. They are currently in the process of revaluing 133 national currencies. Some could go up and some could go down. If this were done on a fair basis with every country, every country would get credit (value) for whatever they produced. Now let me ask you: What would happen if all of the sudden a currency was revalued? What if the Chinese currency suddenly went up by thirty percent? That would mean there is a lot more money in circulation. We read about how the IMF and the central banks are trying to come up with a scheme to inject needed cash into the system. Well this is it!- especially given the horrendous financial crisis now gripping the Euro and member nations whose currency exchange is based on the Euro. BABYLON ON THE TIGRIS-EUPHRATES RIVERS TO THE RESCUE Now let’s go back to little Iraq. Little Iraq was the number three in oil resources, but remember, because of all of the wars and instability, only about one quarter of Iraq was explored. Now they are up to about 40 percent and the amount of reservescontinues to grow. The strange thing is that Saudi Arabia’s oil reserves never seem to go down even though they have been pumping like crazy for the past 100 years. When drilling for oil in Iraq, you are more likely to hit oil than water and it is sweet crude, the best in the world. Some think it will end up being number one in the world. It is already the first in natural gas. Iraq is also rich in minerals and has historically been the bread basket of the Middle East. It is the site of the original Garden of Eden with the Tigris and Euphrates rivers flowing through it year round. After decades of being ravaged by war, it can once again become a major agricultural producer. So what does this mean? Based on IMF calculations, the value of the Iraqi Dinar should be around the $2+ range. This is not unreasonable considering other Middle Eastern oil producing countries average about $3 to $1. “So what!” you say. It is estimated that the U.S. government is holding 3.5 trillion Iraqi Dinar (IQD). If it were to revalue to the $3 level, that would be $10 trillion new found dollars (US)! Imagine what fun our legislators would have with that? Of course, they could pay down the national debt, but I suspect they would just rather spend it and look like heroes, balancing the budget and all. We can also safely assume that France, Germany, England and even the PIIGS are sitting on IQD. That would really help as well. Many countries will see their currencies go up. This has been alluded to in the news. This would certainly help solve the immediate crisis. It would inject much needed cash into the Euro-zone, America and the rest of the world. But will it solve the world problems? I seriously doubt it in the long run but it may support a nice little recovery for a few years. That won’t deal with the problem of excess liquidity – too much money and in this case, even more of it sloshing around in the world. Our leaders have shown that rather than let banks and countries fail and restructure, as in “work the debt out,” instead, they pour more good money after bad, only greasing the pockets of the bankers and the elites. No wonder the “Occupy” movements are so upset! As I said above, you won’t read this anywhere else. You won’t find it in the newspapers, CNN, CNBC, Fox or Bloomberg. This is a little secret the politicians will pull out to save the economy, save Obama and save their legislative posteriors. People will think they are brilliant and re-elect them. Currencies led by Iraq, China, Vietnam and a few others will revalue, injecting trillions into the world economy. This will put a temporary patch on Europe and even the US, only postponing the pain for a few more years. Again, the revaluation of these currencies around the world is designed by the IMF(whose engagement is “international monetary policy”) to reflect tangible (minerals, resource assets) and intangible (intellectual, technological capital) worth of a nation’s currency – the more assets, resources and intellectual capital a nation possesses, the greater will be its currency’s worth…most nation states will find themselves in a strengthened currency (more valuable) – some, like Vietnam and Iraq will reap a bonanza. This is just my little prediction. The IMF, the central banks and the governments of the world will ride high for a few more years while the real trouble brews in the Holy Land! http://blog.world-mysteries.com/scie...nomy-is-saved/

"and she had a virus" - YIKES.... consider yourself Lucky. What's worse than Lobster's on your Piano ?................... Crabs on your organ.

LOL .. yes...Truth that you can really sink your teeth into = Trooth. Hukd on Foniks.

LOL ... good one.

BREAKING NEWS...WARKA GA MEETING HELD. Dear XXXXXXXX, Please note that Warka just held its will general assembly meeting where once we finalize the committee procedures we will resume trading on the electronic board no specific date has been where an official a notice will be posted on our website well updating our fine clients and shareholders. This is from MR, I. Please don't contact him on this subject...this is all they will release at this time.

Don't bother, unless you are wanting to buy shares on the ISX . Warka bank was booted off the ISX for incomplete "records" etc. Hold on until the supposed merge takes place - with Standard Chartered Bank.

A Bank named after an improper fraction should not be trusted.

And you wonder why ? LOL - look who he's dealing with. LOL - Anyway, I've found that any and every country seems to bash the guy in "House" even though it was the last tenant that trashed the place. Bush and his oil buddies raped and pillaged the US (and abroad) and left it for Obama to clean up - plain and simple.

Banks are well under the 20 IQD mark - I own all banks and Baghdad Soft Drink (Pepsi) - all are trading well under 10 IQD and most under 4 IQD. Salaam (the HSBC affiliate) is trading at 5 IQD - they just signed a deal to prepare the IPO for AsiaCell - With all due respect, judging by your statement above, I don't think you have done the appropriate research to get into the ISX just yet - your comments do not reflect current market values at all - only a handful are trading at the levels you quoted. Ones I would not touch at all - way over priced. Good luck. http://www.isx-iq.net/isxportal/portal/marketPerformance.html

With all due respect this took me all of 7 seconds to find on google ... and a lot more like it.: http://www.forbes.com/sites/robertlenzner/2011/01/12/you-can-now-buy-chinese-yuan-in-new-york/

that's what I thought ... not rocket science ... thank him for his service !!!!!!

This always cracks me up. B of A indeed dealt in IQD and will again. Scotiabank in Canada uses B of A as a clearing house on all of their currency, and for years obtained IQD from B of A. I was standing an ear shot away from the teller when she made the rate call every time I went in. The paper wrapper on my Dinar had a B of A stamp on it once. They may never deal to the public but they sure as heck supplied the banks. In fact I just called 3 weeks ago to buy more - the head teller said she needed to call B of A and see if they have resumed supplying IQD - they have not. The individual banks would not have known this because for some odd reason the bank itself was not dealing in it... strange? Very.. - it was the B of A currency dept. that Scotia was calling.

Sure glad you clarified that simply because it would make a nice kit gun during hunting season...

They just had their general meeting on the 12th ... waiting on ISX update etc. ... maybe this will shed some light into what is going on here. I have an account and shares - would really like to know if this thing (Warka) is BOOM or BUST. Sure glad I stayed heavy in cash (60 cash 30 ISX and 10 on deposit) ... many bailed on cash and put all their camel eggs in one droopy basket (Warka) - some to the tune of 100K + - scary scene - no deposit insurance.

Thanks... but who cares about one banks opinion or bus. practices.

That should simplify things LOL LOL

Some were claiming because this originated in Currency Newshound this was a rumor ... we have another reporting in now Central Bank: the new currency will be issued with a small metal categories October 11 2011 (Voice of Iraq)-Baghdad/Centre the predicate/follow-up The Central Bank of Iraq explained details of the new Iraqi currency to be issued during the three or four years, which will be in three languages including code, including categories of mineral dinars. The Bank's adviser said the appearance of Mohamed Saleh told him: that the idea of changing the currency began to ripen gradually, although transmitted to ECLAC in the Federal Cabinet since the year (2007). Stating that the current currency undergoes two; first: delete zeros. II: restructuring, launches new currency for trading in markets during the three or four years, between invalid: ... that the new currency will be in three languages (Arabic, Kurdish, English), and there are also small metal groups. Noting that experience change currency in many States and have been successful, as in Turkey and in Germany and Russia on delete. yellowing, Central Bank Adviser explained that Iraqi cash category: delete three zeros, i.e. (1.000) «a» dinars one dinar "becomes" only, as for other categories, as we will be issuing currencies and lowercase k (50) «50 dinars (100)» or «100» dinars, equivalent to (50,000) «50 thousand (100,000)» or «100 dinars» at the moment, change the currency does not affect the obligations With States or deal with it internally. http://www.microsofttranslator.com/B...p%3Fid%3D27768

DITTO & BINGO. Mods.... move it back LOL Central Bank: the new currency will be issued with a small metal categories October 11 2011 (Voice of Iraq)-Baghdad/Centre the predicate/follow-up The Central Bank of Iraq explained details of the new Iraqi currency to be issued during the three or four years, which will be in three languages including code, including categories of mineral dinars. The Bank's adviser said the appearance of Mohamed Saleh told him: that the idea of changing the currency began to ripen gradually, although transmitted to ECLAC in the Federal Cabinet since the year (2007). Stating that the current currency undergoes two; first: delete zeros. II: restructuring, launches new currency for trading in markets during the three or four years, between invalid: ... that the new currency will be in three languages (Arabic, Kurdish, English), and there are also small metal groups. Noting that experience change currency in many States and have been successful, as in Turkey and in Germany and Russia on delete. yellowing, Central Bank Adviser explained that Iraqi cash category: delete three zeros, i.e. (1.000) «a» dinars one dinar "becomes" only, as for other categories, as we will be issuing currencies and lowercase k (50) «50 dinars (100)» or «100» dinars, equivalent to (50,000) «50 thousand (100,000)» or «100 dinars» at the moment, change the currency does not affect the obligations With States or deal with it internally. http://www.microsofttranslator.com/B...p%3Fid%3D27768

Oh boy... I am unable to log on as well ... debit card not working for over a year ... not sure what's happening? I saw some of the pro Warka people on another site haviing trouble getting their money out quickly .. that they had to take a small amount each wire. I have shares as well .. but not trading either so cannot sell. Lets hope better days ahead .

If the dinar rate was allowed to float ..... where would it be at now? the Toilet ... LOL

This is the correct information below: It's the only 'Non-Bank" I own. Dear Mr. XXXXXXX XXXXXX, Our number one priority is to make sure that the very best banking services and customer care is always provided to you. Please find attached your details free capital shares for Baghdad Soft Drink 5% I look forward to further hearing from you and I thank you for your fine and pleasant cooperation. Many thanks and best regards ISX Department Warka Bank for Investment and Finance

2 words for you whiners ... "Swiss Codes" LOL LOL - GREAT THREAD THANKS !!!!!!

Your BEE is so mad with this thread IT LOOKS LIKE he pulled his dong off ... YIKES !!!!! LOL for sure .. count me in as an "Alibi" ... I was with Alibi Falafel

How much for the girl ? Judging by the grammar used "Foreign exchange is one of the biggest and most liquid market" - probably some kid in grade four sitting in his parent's basement playing PS3 "Forex Busters" Now you know why so many people are hard asses here on spelling and grammar - all about credibility, that's all.

When God leads you to the edge of the cliff, trust Him fully and let go, only 1 of 2 things will happen 1/ THUMP 2/ SPLAT Read more: