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Found 1 result

  1. For those of you who follow Casper, this "rumor" is somewhat interesting. And heeeeeeeres Casper... It’s been about six weeks since our last update on September 12th. In that update WE informed you that our sources were saying neither the Gov’t. fiscal year end or the Sept. 30th debt ceiling extension had anything to do with ‘Our Business’. In the ensuing weeks virtually every Messenger and every Guru disagreed saying all was tied together as they breathlessly continued their ‘any minute’ reporting which continues even today. As WE have reluctantly been throwing cold water on all the ‘news’ for the past year WE will begin todays update with the first positive news, or at least rumors, WE have had in a very long time. Both involve currency Intel, the first is from Iraq over this past weekend. A Gov’t. source there advises that they are trying to ‘drop two zero’s’ and RV within 30 days. The second is ‘hear say’ Intel from two disparate sources, one domestic, one China, that China may be on the verge of a 10% or more devaluation of the Yuan. This would be the opposite of the many published reports of the UST demands that China allow their currency to increase in value. You may recall two or three trips to China in recent years by US Treasury Secretaries delivering these demands in person and also the U.S. Congress threats of Trade Sanctions and threats to classify China as a ‘Currency Manipulator’ if they didn’t play ball as instructed by Obama. And so, whether this is fact or just a threat, WE view this as a very significant development. Generally speaking our Intel remains as previously reported. No funds in the Banks or ‘The System’ to fund an R.V., no major funds moved round about as reported many times by ‘The Guru’s’. The extension of the Debt Ceiling by Obama, the Democrats and the RINO’s is obviously an extension of the Fiat Status Quo. Obama immediately borrowed 328B to keep his Fraudulent Financial Playpen spinning and WE hear, he will borrow another 300B or so in November. So who is fool enough to lend the bankrupt U.S. another trillion or two, or three? The Fed of course which obviously still has control of its Magic Money Machine. This would seem to indicate, as discussed in great detail in the Sept. 12th update, that any pending R.V. would be in Fiat there by recapitalizing the Criminal Elite in D.C., The Corporation and the existing institutional structure of Western Finance, the U.N., the IMF, World Bank, etc.. Guru’s claiming $27.00 values for an RV’ed Dinar are long overdue for a lengthy stay at the Ha Ha Hilton. Hardly a day passes that fifty to a hundred people are not slaughtered in Iraq, usually with car bombs. The idea that they might have a currency nine or ten times as valuable as the world’s current most valuable (Kuwait) is, in our opinion, just plain nuts. WE notice that even after all the time that has passed in the Dinar Community Reporting no one has ever publically tackled the subject of what the ‘dropping of zero’s actually means’. This is not ‘Our Business’---- but it seems to us that such a calculation would be 1166 (current exchange value) divided into $1.00 U.S. results in the numeric 0.0008576. Drop two zeros? 0.08576. Eight and one half cents per Dinar, not $27.00. The Dinar would then have a value similar to the Mexican Peso and other Internationally traded currencies. The only alternatives WE can envision that would allow for such crazy value estimates are 1). The Fed Res/U.S. Dollar is devalued simultaneously by 90% or more producing a different ‘measuring stick’. How likely is that since most countries use the dollar and Treasury Instruments as their Primary Reserve Capital? 2). Currencies are RV’ed worldwide, more or less simultaneously, relative to something other than each other. In other words, the completely new asset backed monetary system we have all anticipated for so long. The extension of the fiat Debt Ceiling until February 7th does not bode well this, at least not this year. By the way, the ‘Shutdown’ was a total farce. Gov’t. revenue for Sept. was roughly 228B, debt service roughly 18B. There was no chance of an actual failure to service our debt. Surprise Surprise, D.C. Politicians are Bold Faced Liars. WE can understand why Guru’s might avoid explaining their numbers but we cannot understand why Dinar Investors fail to ask them the most obvious of questions including ‘where are the funds necessary to R.V. supposed to come from? Can you imagine, after all this time, no Guru addressing these most obvious questions or hundreds of thousands of investors failing even to ask these questions?
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