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jscrossroads

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Posts posted by jscrossroads

  1. Corruption is in their blood over there. Can you think of any time in their history that there hasn't been corruption?  I think the key is that they get it down to a tolerable level, it will never  be completely eradicated.

    • Upvote 2
  2. Alright, I just stumbled upon this and didn't know where else to put it. I've always taken rumors about GCR, IRS abolition, renewed gold standard for the USD with a few grains of salt but I'm thinking maybe those crazy sounding rumors may have some kind of substance now. 

     

    https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/?fbclid=IwAR3R3n4uN7HUZSQDWPsJqozzASvn_-R-tY-K1S4Yrgp6VDqfeEv8f75o2G0#3f80efb4d543

    • Thanks 2
  3. Alright, I just stumbled upon this and didn't know where else to put it. I've always taken rumors about GCR, IRS abolition, renewed gold standard for the USD with a few grains of salt but I'm thinking maybe those crazy sounding rumors may have some kind of substance now. 

     

    https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/?fbclid=IwAR3R3n4uN7HUZSQDWPsJqozzASvn_-R-tY-K1S4Yrgp6VDqfeEv8f75o2G0#3f80efb4d543

  4. 2 hours ago, Botzwana said:

    Bros- Heard from my private group tonight.  Here is just some of what was said… ---

    China said no more talks scheduled for now so we wait on Trump. Several contacts think our deal could drop in at anytime.
     
    There's a war raging below the surface between the globalists/deep state and The Trump/rule of law factions. Powerful interests want it delayed, don't want our deal to happen... and are fighting it,  including factions within Iraq.
     
    The consensus of my contacts  seems to bet on Trump to get it done. Without it the world's most likely path is depression and war. So we wait,  I still believe we have a real shot for this month with our military there to secure it for an extended period.----
     
    This isnt some morons like TNTony, Bruce, or MarkZ.  These guys have been in this for years.  
    I am popping my mello yellow in anticipation.

    Private group..... as in private exchange?  Asking bc I thought they were sketchy and someone I know was trying to get me in on one of those groups. 

  5. Adam Montana

     

    Could you possibly make concessions for lapsed VIP's, in the case this thing pops and people like me have not had the chance to get back in. I know it's a stretch but figured I'd ask. 

    It's tough being self employed sometimes especially when you get assets illegally seized in someone else's lawsuit.  I'm trying to get my VIP stat back but by the time some of my situations turn around and I have spare $$, I feel it will be too late. 

     

    Sorry if this isn't the place to ask 

     

    Thanks. 

    • Upvote 1
  6. 5 minutes ago, DWS112 said:

    Per this article, the deletion of the 3 zeros is to make currency trading easier, that's all? All the zeros are a nuisance?

    Not as much of a nuisance as carrying all the "new" smaller denoms needed to make purchases under the current exchange rate. The value has to increase otherwise this is stupid.

    • Upvote 5
  7. 39 minutes ago, Theseus said:

    I understand you, @normala rashid, want Iraq to trade more on the global scale. However, Iraq will be a petroleum exporter and oil will be its number 1 export until oil is no longer needed. That won't happen for a very, very long time even if cars no longer need fossil fuels - oil. Oil is ingrained into the manufacturing products of so many items that new technology will need to be created for the development of like products. For example, any type of plastic (bags, packing materials, screen protectors etc. to name a few) is made with and from the use of oil. Synthetic lubricants are still much more expensive than what is currently coming out of the ground. 

     

    When countries have maintained sustainable growth and have increased the value of their currency this has come from long-term investments both from the interior of the country and the exterior of the country. Iraq needs to do more than pay their citizens from the sale of oil they need to reinvest their money into projects that are not beset by corruption. Case in point, the protesting that is occurring in Basra. Maliki headed up a water project worth 85 million that has never gone live if it works at all. There are countless investment projects around Iraq like the one in Basara in which the project has never been started, never been finished or has just evaporated into the ethos of corruption. This is a major benchmark in the Iraq 2016 SBA with the IMF. Abadi and others were working on this before the election and something Sadr has been alluding to within the last few months. Understanding that one may never root out all corruption because it has been said, "money is the root of evil" (Please note before anyone starts to correct, please look up the actual quote in the Bible. The word "all" does not appear in that verse. It is one of the most misquoted verses of the Bible).

     

    In the end, corruption needs to be greatly reduced which Iraq has been slowly progressing on (2nd review). Lastly, Iraq needs more sustainable investment from outside of Iraq (remember the convention a few years ago in Kuwait about bringing in outside investment? That was not for nothing.) This additional sustainable long-term investment will give Iraq "street-cred" of a place investors can feel a modicum of confidence in that their investment will have a decent ROI. As it stands now with the reduced level of corruption but nowhere near enough has been reduced, outside investors have not been confident in investing in Iraq with large sustainable projects. Investing in dinar does not count in this aspect. There have been some but nowhere near enough to bring in more at a more rapid rate than what is occurring now.

    Correction: the LOVE* of money is the root of evil

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