Parliamentary economy: postpone the deletion of zeros from the currency to avoid a scheme to replace counterfeit currency

[boomer113189]

2- 11 - 2014

 

{Baghdad: Euphrates News} A member of the Committee on the economy and investment representative, Amer winner, said the project to delete the zeros from the national currency still exists, but it is in order for commercial reasons, in addition to the receipt of intelligence information for the creation of counterfeit currency for the purpose of replacing the new currency.

He said the winner told the News} {Euphrates on Tuesday that "the project is still in place and everything in it that he delayed not only, we want to apply the law in 01/01/2013, but he asked later postponed for economic reasons, as it leads to a disruption in the commercial market and the general situation does not help, he asked to postpone the work. "

"The General Secretariat of the Council of Ministers may linger in the project, in order to the country's economy internal," noting that "we have agreed with the central bank in order not to make a fuss in the market through the implementation of the project, and because the old currency will not fall but will continue to work out as well as The new currency for a period of two years, for example, the price of the goods specified in the new currency in the old as well as specific, and for two years the old currency intervention by the Central Bank gradually implemented and will not leave until the market ".

He said the winner "as he has been patient as the implementation of the project, to the receipt of intelligence information indicating that there is a coin forged many abroad in neighboring countries, and even some of them inside Iraq, prepared for the purpose of replacing the new currency, considering that the old currency will damage, so it has to implement in order to develop a mechanism to take control of this issue, and control of the border crossings. "

The central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will be transferred from the country of billions to trillions country.

And stresses the importance of economists deletion of zeros from the currency current, which applies to reduce inflation and achieve a breakthrough in the country's economy from the coin a few new banknotes and coins sober mimic the rest of the world.

The General Secretariat of the Council of Ministers announced in April 2012, for a patient in the application process to delete the zeros from the currency.

http://goo.gl/3FaoQz

[fib1618]

Don't tell dontlop that the project still exists...

He might lose it.

[keepmwlknfny]

Don't tell dontlop that the project still exists...

He might lose it.

[dontlop]

Don't tell dontlop that the project still exists...

He might lose it.

So your worried about me

This is good

My life depends on this

It doesn't matter

Remember

Parliamentary is nothing

All that matters is the cbi

Seleh says everything that counts

Right before he's arrested

Then they all shut their holes

Seleh was shut up

[dinarbeleiver]

Purchasing Power Parity and Arbitrage are two terms that everyone should make themselves aware off as the world’s economy moves closer toward a centralized SDR trade system through the International Monetary Fund with accounts balanced by the Bank for International Settlements.

Purchasing Power Parity is the balance between exchange rates when there is also balance in the domestic purchasing power of the currencies.

Arbitrage is taking advantage of the price imbalances between markets and profiting from the market differentials.

Arbitrage cannot exist alongside Purchasing Power Parity.

M1 money supply refers to physical currency as well as checking account deposits.

For your reference, M2 money is M1 money plus savings accounts and money market accounts.

And M3 money is M2 money plus large deposits and other long term large deposits, such as larger liquid assets as well as short term repurchase agreements.

Keep these terms in mind as we further define the structure and mechanisms of the emerging multilateral system.

As an extension to the SDR’s and the New Bretton Woods series, let us discuss a much talked about and confusing aspect of the system. When the currencies of the world are released from their peg to the dollar and pegged to the SDR supra-sovereign currency which we have been reviewing, there will in fact be a new exchange rate structure.

What this structure will be has not yet been made available to the general population. All the talk of specific exchange rates and timing of release of the rates are not founded in facts or accurate information.

And on the flip side of that there are those who are stating that a Global Currency Reset is a conspiracy theory. To these people those that proclaim such a future “event” apparently do not understand the micro and macro of economic fundamentals or how exchange rates and money supply truly work.

Their argument appears very logical on the surface. As a country increases its money supply through debt creation and currency printing, the value of that currency decreases. More money in circulation means more devaluation of that currency, basic supply and demand principles. So how can a currency revalue upward when there is so much of it in circulation? Makes sense right? Wrong.

If the key performance indicators (KPI) of any countries M1 money supply were that elementary, then we would live in a much simpler world. We can make many examples of why this isn’t the case but none is more obvious than that of the U.S. dollar itself.

If more money in circulation meant a decrease in the value of that currency on the exchange rate market, then the dollar would be almost worthless today, much like the dong and other currencies. More U.S. debt (money creation) has been added in the last 6 years than the entire history of the U.S. itself, from George Washington to George W. Bush. Yet the dollar’s exchange rate has maintained itself within a small range of fluctuation. The reason that the dollar has maintained this exchange rate over the years tells us that there are other KPI’s which need to be factored into the equation when measuring a countries exchange rate and inflation level, outside of direct manipulation of course.

Some of these indirect KPI’s are imports and exports. And there is no direct relationship between M1 money supply increases and inflation.

Since 1944 the U.S. dollar has been the reserve currency which means that international trade imbalances have been settled in dollars. This forced other countries of the world to hold dollars which allowed the U.S. to export the majority of its inflation.

As the U.S. printed more money, expanding its M1 money supply, the inflation which should have settled domestically was in fact exported to the very same markets that were forced to hold a reserve of U.S. dollars in order to balance their trade accounts.

As we reviewed in “Why the Vietnamese Dong Will Reset”, the State Bank of Vietnam was indirectly forced into devaluing their currency in order to attract trade and also be a dumping ground for U.S. inflation as the Vietnamese people used the dollar instead of the dong in their everyday lives.

As the new centralized system of SDR allocation emerges between now and 2018 we will see less U.S. dollars in the foreign reserves of other countries. As an example, in the last 5 years Vietnam has decreased their dollar holdings by almost 50% and at the same time have increased their gold holdings dramatically. Interestingly enough, their SDR holdings also increased by a factor of more than 400%.

The question of what Vietnam will do with the trillions of dong that are now in circulation is a legitimate question. When the exchange rate of the dong adjusts to reflect the economic reality within the country, these trillions of dong cannot be in circulation, as it would create an M1 money supply that is disproportionate to the actual economic weights used for the SDR composition.

Therein lays the solution to the problem.

Keeping with our pattern theme of transitions from micro to macro states, we start with the process of the dollar, the world’s reserve currency, being printed and exported to the central banks of the world to facilitate trade. The inflation and exchange rate decreases that would be logically associated with this increase in the M1 money supply is hidden or sunk into the markets of the emerging economies.

As the world shifts towards the SDR system we will see a similar process unfold. In essence, Vietnam will export their inflation (current M1 money supply) into the SDR bond system just like the United States has been exporting its inflation into emerging markets and countries like Vietnam through trade imbalances. What we will see is Vietnam slowly begin to buy back the dong in circulation and re-capitalize it through the SDR bonds.

Once a predetermined level has been achieved the rest of the dong M1 money supply will remain in circulation and be pegged to the multilateral SDR and not the U.S. dollar. In fact we are beginning to see this process unfold already in the numbers we presented above. This slow trickle will eventually become a stampede out of dollars and into SDR’s. It will be the same for every country.

The U.S. debt will also be rolled into SDR’s and factor into the overall economic weight of that country’s SDR composition. This is where the substitution account we referenced in Part 6 of the SDR series becomes invaluable. This substitution account will act as a transition market for dollars to SDR’s to ensure that current holders of U.S. debt do not see that asset value decrease dramatically as the system shifts. China will utilize this substitution account just as much as the United States Treasury and Federal Reserve.

China will not be dumping dollars. They will transition the dollar debt which they hold into SDR’s through this substitution account. The one aspect that is holding the process up right now in the American Congress (2010 Code of Reforms) is how this dollar to SDR transition will factor into China’s overall SDR composition for the renminbi.

This is one of the hardest aspects of this new system to understand, which is why it is still being negotiated. It would do us well to spend more time in the future exploring the different angles involved in the Great Consolidation aspect of the Global Currency Reset. One cannot exist without the other. It has been intentionally designed this way.

Most don’t know this, but the Syrian pound is already pegged to the SDR, and has been for about 5 years. One can only speculate if this has something to do with the civil war in the country.

What some analysts don’t factor into their equations is how much the economic system of the world will change, and is changing, as we move towards the multilateral monetary system with all the currencies of the world pegged to the SDR. For those who doubt the reality of this new system, the volume of information that has been available and is coming available would seem to prove its existence.

The new system will create Purchasing Power Parity and at the same time eliminate Arbitrage. Arbitrage is one of the economic weapons that the small rent seeking elite use to transfer wealth from the larger disorganized masses. The M1 money supply will most likely also be redesigned to more accurately measure the weights of the new SDR system. – JC Collins

[fib1618]

I see that dinarbeliever is getting his rear handed to him on another site now. He's going under the name PATEL.

So comical.

[dontlop]

I see fib never has anything intelligent to add to any debates he's afraid of getting his asssssees handed to him

All fib does is criticize anyone who bought Iraqi Dinar if they haven't sold their dinar

The article above says it all

The central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will be transferred from the country of billions to trillions country.

Read more: http://dinarvets.com/forums/index.php?/topic/172167-parliamentary-economy-postpone-the-deletion-of-zeros-from-the-currency-to-avoid-a-scheme-to-replace-counterfeit-currency/#ixzz2uPx8kN00

See it's going from billions to trillions

Right now they got 80 billion dollars worth of dinar

Soon they will have 80 trillion dollars worth of dinar

Great article thanks sloppy loppy

[fib1618]

I see fib never has anything intelligent to add to any debates he's afraid of getting his asssssees handed to him

All fib does is criticize anyone who bought Iraqi Dinar if they haven't sold their dinar

The article above says it all

The central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will be transferred from the country of billions to trillions country.

Read more: http://dinarvets.com/forums/index.php?/topic/172167-parliamentary-economy-postpone-the-deletion-of-zeros-from-the-currency-to-avoid-a-scheme-to-replace-counterfeit-currency/#ixzz2uPx8kN00

See it's going from billions to trillions

Right now they got 80 billion dollars worth of dinar

Soon they will have 80 trillion dollars worth of dinar

Great article thanks sloppy loppy

"Soon they will have 80 trillion dollars worth of dinar"

Thanks for the entertainment.

[dontlop]

Lol

Yep they are gods they get all the money in the world at their disposal any time they want it

They just have to say when

Right now they just don't feel like if

This article above proves it

Thanks boomer

[mrref]

Delete zeros, don't delete, delete, don't delete,   this has been going on for the past 10 years its a freaking joke...  Its has if someone has been coping and pasting for the past 10 years same thing over and over..

Edited February 26, 2014 by mrref

[dontlop]

A rumor circulating regarding the removal of zeros from the Iraqi Dinar (ID) is false. Najiba Najib, a member of parliament (MP) from Iraq’s finance committee, recently clarified that there is no such plan in the Iraqi Parliament.