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Rockymtnhi

Jim Willie predicts a Global Currency Reset

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"The latest important riddles pertain to the Global Currency Reset and the Chinese Encroachment on Wall Street. A devaluation of the entire set of major fiat currencies is near, which implicitly will occur versus Gold. In other words, the Price of Gold will double soon. At the same time, a USDollar devaluation is being demanded by major global forces. It can only be accomplished by the creation of a new Republic Dollar, not bound by the cited 5% band. It will suffer a series of devaluations like the Venezuelan Bolivar. A penalty is demanded for the monetary abuse to the USD, the gaping trade deficits, the unresolved USGovt deficits, the prevalent banker fraud, even the predatory wars waged on a credit card. Much more will be revealed on the highly disruptive reset that is underway, amidst tremendous obstacles. Regard it as a step within the Petro-Dollar Demise and the arrival to the De-Industrialized Third World (DI3W)."

Author, Jim Willie Dec 26 2013

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Thanks Rockymtnhi for the post.

 

I like it that we now have a new 3-letter plus number acronym to go with all of our other 3-letter agencies. 

 

So, here goes: I'm trying this out for the very first time so please bare with me if I get it wrong.

 

What-The-Fudge (WTF) is a DI3W????

 

Billio0

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I feel all currencies will blend into one global currency the dollar

We use the dollar for rich people , middle class , poor people rich neighborhoods ion the east coast to poor villages in Arkansas and Mississippi

There's no need in a global economy to use different currencies some may have more or less than others

Just my opinion

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billio0,

 

It's just as he said... a de industrialized 3rd world lol.

 

Doesn't sound appealing to me either.

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Thanks Rockymtnhi for the post.

 

I like it that we now have a new 3-letter plus number acronym to go with all of our other 3-letter agencies. 

 

So, here goes: I'm trying this out for the very first time so please bare with me if I get it wrong.

 

What-The-Fudge (WTF) is a DI3W????

 

Billio0

I think its a oil or something like that.

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Bi

Thanks Rockymtnhi for the post.

 

I like it that we now have a new 3-letter plus number acronym to go with all of our other 3-letter agencies. 

 

So, here goes: I'm trying this out for the very first time so please bare with me if I get it wrong.

 

What-The-Fudge (WTF) is a DI3W????

 

Billio0

It's a 3rd time DWI conviction in which the guru was so drunk they got the letters out of order

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Bi

It's a 3rd time DWI conviction in which the guru was so drunk they got the letters out of order

ROFLMAO!  That's a 7 letter acronym - LOL   :lol:  :rolleyes:  :lmao:

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Venezuelan bolivars aren't convertible outside the country

Started by AoK, Today, 11:09 AM

CARACAS, Venezuela – Venezuelans are finding out that their money is no good with one airline and others may also cut off the country from flights abroad.

Air Europa, a Spanish discount airline, has suspended sales of tickets in bolivars, the Venezuelan currency, because Venezuela has not been exchanging the bolivars for U.S. dollars as is customary.

The suspension, which Europa said Friday is "indefinite," caught some Venezuelans by surprise.

Javier Martinez tried to book a flight this week to Madrid on Air Europa in Caracas, but even though there were plenty of seats available Air Europa refused to accept his Venezuelan bolivars.

''The reservation people told me that I could buy the ticket in dollars or euros, but not bolivars,'' says Martinez. "I'm Venezuelan and what other money do I have?"

Under Venezuela's foreign exchange controls, access to dollars is tightly restricted. International airlines serving the country are currently owed up to $2.6 billion in dollars for bolivars that they have turned in to Venezuela's Cadivi foreign exchange agency.

Air Europa is owed upwards of $160 million, it said. A company director is flying to Caracas on Monday to meet with the country's foreign exchange agency to discuss the problem, the airline said Friday. The company operates its Madrid-Caracas-Madrid route six times a week.

Most other international airlines are taking other steps to limit their exposure to Venezuelan bolivars, which aren't convertible outside the country.

"Many airlines are reducing the amount of seats they're offering to local flyers,'' said says Mildred Amaro, who runs Barquero Tours in the central industrial city of La Victoria. "On many routes, it's difficult to find a seat. Inventory is limited."

American Airlines, which has nearly 50 weekly flights to Venezuela, continues to sell tickets in local currency, spokeswoman Martha Pantin said. However, the airline's website says that most flights are fully booked for the foreseeable future.

Local newspapers reported earlier that Venezuela had offered to settle its debt with international carriers by giving them free jet fuel in lieu of dollars. But carriers have refused, noting that the offer is far less than owed.

Filling up a Boeing 767 would amount to about $8,000 in fuel compared to the millions carriers are owed.

The official exchange rate of bolivars for dollars is considered off-base because the rate set by Caracas overvalues the bolivar's worth. The official rate is one U.S. dollar for 6.3 bolivars. But unofficial exchanges on the black market will trade dollars for bolivars at a rate 11 times higher.

Venezuelan President Nicolas Maduro refuses to officially devalue its currency to align it with the market value. Meanwhile, vendors increasingly demand more bolivars for their products.

Any devaluation would reduce the amount of dollars owed to the airlines and to any firm that holds bolivars. Many airlines saw significant losses in their Venezuelan operations when the government devalued the bolivar in February 2013 after saying it wouldn't.

The reduction in flight availability coincides with an upswing in passenger traffic as Venezuelans try to take advantage of a loophole in the foreign exchange regulations that allow them to buy dollars abroad with their bolivars.

The dollars are credited to travelers' credit cards and when abroad, the travelers withdraw the money via a cash advance. With the cash U.S. dollars in hand, travelers return to Venezuela where they sell the dollars on the black market for more than 65 bolivars to the dollar, a much higher rate they what they paid for the dollars before they left.

So, a Venezuelan who gets $3,000 for his 18,900 bolivars can sell the U.S. currency for 95,000 bolivars, a more than ten-fold return on investment in a country where the monthly minimum wage is about 3,300 bolivars.

Martinez hopes that Air Europa will change its policy.

"I still plan to go to Madrid in May but it's difficult to find a seat at a fair price,'' he says. "It's embarrassing that no one wants to accept the bolivar."

Read more: http://dinarvets.com/forums/index.php?/topic/169582-venezuelan-bolivars-arent-convertible-outside-the-country/#ixzz2q18Qmhi0

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He said what that means in his post.it ain't code

 

Hey stealthwarrior,

 

Thanks for the clarification although i wasn't being serious at all.

 

just trying to have a little fun. Sorry.

 

Billio0

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So, does this mean that the USD will go 1-1 with the IQD (RV?) when the USD gets devalued and divided by 1166?

 

If that's the case, then expect a gallon of milk to be around $6,000.

 

On the flipside, an ounce of silver would be worth about $30,000 but I digress...

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Global reset lol

Funny stuff!

'Funny Stuff' Or As It Is Known By Its More Common Name - Bu!!$hit ! :o

:D:D:D

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Global reset talk reminds me of Chicken Little proclaiming the sky is falling.

 

:o

 

Chicken_Little_desktop_1024x768_free-wal

 

:D     :D     :D

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Sounds very possible, but no telling when it will happen or if the dinar will some how rise in value.

is your icon image David Mann?

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"The latest important riddles pertain to the Global Currency Reset and the Chinese Encroachment on Wall Street. A devaluation of the entire set of major fiat currencies is near, which implicitly will occur versus Gold. In other words, the Price of Gold will double soon. At the same time, a USDollar devaluation is being demanded by major global forces. It can only be accomplished by the creation of a new Republic Dollar, not bound by the cited 5% band. It will suffer a series of devaluations like the Venezuelan Bolivar. A penalty is demanded for the monetary abuse to the USD, the gaping trade deficits, the unresolved USGovt deficits, the prevalent banker fraud, even the predatory wars waged on a credit card. Much more will be revealed on the highly disruptive reset that is underway, amidst tremendous obstacles. Regard it as a step within the Petro-Dollar Demise and the arrival to the De-Industrialized Third World (DI3W)."

Author, Jim Willie Dec 26 2013

 

This will seem to be a good thing when it first happens.

But most will let down their guard,and think the false peace will be lasting.

If someone can't see by now that this is heading towards a one world government,economy,and religion,they are just not looking properly.

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What i want to know is who the hell is jim willie, sounds like a redneck.

His complete name is Jim Willie Nelson and he smokes the sheet out of pot........

and sings drunken country songs too

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"....................................................................................probably not!"

 

"Stay thirsty my friends!"

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