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Backdoc From KTFA: "The Ice Man" - 1/15/2015
backdoc » January 15th, 2015, 10:24 am IMO
THE ICE MAN
WE CURRENTLY HAVE TWO AMAZING DYNAMICS IN PLAY AT THE MOMENT.
AS I'VE BEEN BEATING THE DEFLATION DRUM NOW LONG ENOUGH THE CRACKS IN THE PROVERBIAL CURRENCY ICE ARE BEGINNING TO WIDEN NOW!
WITH RUSSIA UNDER EXTREME PRESSURE DUE TO FALLING OIL PRICES THEY ARE NOW CAUGHT WITH THEIR PANTS DOWN AND NO WAY TO RUN WITHOUT TRIPPING OVER THOSE DRAWERS! LOL
VENEZUELA IS IMPLODING ALONG WITH ARGENTINA! NOW GUESS WHO IS HOLDING THEIR BAD DEBT? RIGHT CHINA!
AND TO MAKE THINGS WORSE THE BLACK GOLD PRICE GOT RAISED OVER THE WEEKEND TO ASIA AND LOWERED TO EUROPE! MMMMM
NO LETS KEEP GOING WITH THIS CURRENCY THEME SHALL WE?
AS A RESULT OF IRAQ DROPPING ITS' CRUDE PRICE TO THE EMPIRE IN THE EU WE NOW SEE THE TWO BLACK GOLD CURRENCIES COME TO PARITY IN TWO TRADING DAYS!!
HOLY LUBRICATION OF PRICES BACKMAN!!! LOL
TODAY'S SHOCKING NEWS IS A RAISING OF HANDS BY THE SWISS BANK SAYING, OK, I GIVE UP! (See Article Below)
SO THEY SEE THE HAND WRITING ON THE WALL OF TWO MORE CURRENCIES COMING TO PARITY, THE EURO AND THE DOLLAR!!
I ASSURE YOU FOLKS THERE IS MORE TO THIS THAN MEETS THE EYE!!
MY THEORY OF PARITY MAY HAVE ALREADY BEEN ACCEPTED BY THE SWISS AS THEY DEPEG FROM THE EURO!
THE DEFLATION SLIDE IS NOW UNDER WAY! AND SO THE REPRICING OF STOCKS WILL BEGIN AS SEEN THE LAST COUPLE DAYS!!
TO MAKE THINGS WORSE THE BIG BANKS ARE MISSING BIG ON EARNINGS!
FIRST JP MORGAN AND NOW TODAY BANK OF AMERICA!!
I WISH I HAD TIME TO SHARE MORE BUT MY SCHEDULE OF LATE IS CHALLENGED!
I WILL TRY TONIGHT TO SHARE MORE IF I HAVE A CHANCE!!
TRY TO THINK OF THE BIG PICTURE THIS WAY:
1. WE HAVE OIL TRYING TO BOTTOM AND FIND A BID TO COME OUT OF CONTANGO
2. WE HAVE BRENT AND WTI CRUDE OIL COMING TO PARITY
3. WE HAVE THE EURO ACCELERATING ITS WAY TO PARITY TO THE DOLLAR
4.WE WONDER IF THE GBP WILL ALSO BITE THE DUST AND COME TO PARITY WITH THE DOLLAR
5. WE AWAIT A VOTE BY TUES. ON THE BUDGET
6. WE SEE VERY SIMILAR EVENTS FINANCIALLY OCCURRING IN VIETNAM WITH CHINA PRESSURING THEM ON SWITCHING TO YUAN ESSENTIALLY! MMMMMM
7. WE AWAIT BUDGET DEFICITS TO BE EVAPORATED BY A STRONGER PURCHASING POWERED DINAR
8. WE SEE MASSIVE BOND INVESTMENTS IN IRAQ TO support ITS CURRENCY
9.WE SEE STRONG ACTION BEING TAKEN TO OPEN UP TO A MARKET ECONOMY
10. FINALLY WE AWAIT A CRESCENDO OF ALL THESE POINTS LINING UP TO BRING GREAT POWER, JUST LIKE A FOCUSED LASER LIGHT!
THE ICE MAN CONTINUES TO DELIVER !!!!!
ABADI IS TRULY BECOMING A MIDDLE EAST HERO!
BACK TO PATIENTS
8@8, DOC IMO
walkongstick :Switzerland Stuns Markets by Giving up on Currency Peg
LONDON — Jan 15, 2015, 7:53 AM ET By PAN PYLAS Associated Press
Bowing to the inevitable, Switzerland has ditched an increasingly expensive policy to keep a lid on the export-sapping rise of the Swiss franc — a move that saw the currency spike a whopping 30 percent against the euro.
Thursday's decision to call time on its efforts to keep the euro from trading below 1.20 francs came amid mounting speculation that the European Central Bank will next week back a big government bond-buying program that will put more euros in circulation, diluting their value.
That expectation has seen the euro face intense selling pressure in currency markets, particularly against the dollar. The euro has fallen to nine-year lows against the dollar and below its launch rate in 1999.
As a result, the cost for the Swiss central bank of constantly defending the peg by buying euros or selling francs has been rising.
The scale of their task was evident in the franc's movements in the markets following the abandonment of the peg. At one stage, the euro had plunged a stunning 30 percent against the franc before recovering somewhat to trade 13 percent lower at 1.04 francs.
"Switzerland suddenly got a whole lot more expensive," said Michael Hewson, senior market analyst at CMC Markets.
Many analysts thought the decision was inevitable in light of next week's expected announcement by the ECB to break new ground in its efforts to inject life into the ailing 19-country eurozone economy. A week ahead of the stimulus, which some in the markets think could be worth 1 trillion euros ($1.17 billion), the Swiss National Bank, or SNB, is preparing for the market impact.
"The first thing it says is that the SNB clearly expected to see a huge surge of inflows in the week ahead and saw little reason to provide these buyers of francs with an artificially cheap rate," said Simon Derrick, chief currency strategist at BNY Mellon.
The Swiss central bank said nothing of the sort, though, arguing that the "exceptional and temporary" measure to protect the Swiss economy was "no longer justified."
The peg, which was introduced in Sept. 2011, was an attempt to halt the rise of the franc — a traditional safe-haven currency for investors — against the euro at a time when the eurozone debt crisis was at its height. The strong franc was then particularly problematic for Swiss exporters, who were forced to drastically cut prices to remain competitive.
Unsurprisingly, Thursday's move prompted a painful 11 percent drop in Switzerland's stock market as investors took fright at the worsening outlook for Swiss companies selling chocolate or ski holidays and the possibility that the country will suffer a sustained period of falling prices, or deflation. A stronger currency makes imports cheaper, further dampening already-subdued price pressures — in the year to December, prices fell 0.5 percent.
In an effort to contain the franc's appreciation and limit any damage to the Swiss economy, the central bank on Thursday also lowered a key interest rate — what it charges commercial banks to deposit at the bank — to minus 0.75 percent from minus 0.25 percent. The hope is that it dissuades banks from parking their cash at the national bank and instead possibly invest it.
Tidbits From Delta and KTFA Members Sunday Evening - 12/28/2014 DELTA » December 28th, 2014, 6:03 pm
The last trading session of 2014 Monday, 29.12.2014 and the first trading session of 2015 Sunday, 11/01/2015 12/28/2014 06:08
Further to Bektaibna No. 2196 on 12.15.2014
According to the Central Bank of Iraq No. 1610/23 on 12/21/2014 included: direct bank branches not to send and receive electronic instruments to two (7-8) / 2015/1 on the occasion of renovation Iraqi payments system by the Central Bank of Iraq.
Board of Governors decided to be the first trading session of the new year on Sunday, 11/01/2015 DELTA LINK
Aggiedad77: "Renovations".....interesting choice of words....of Iraqi payment systems by the CBI.....even more interesting....and then....reaching outwards to January 11th.....sounds like we are looking more towards the mid aspect of the month....I can wait though....anxiously....but I can wait.
Thanks Delta Aloha Randy
Zochowski: EVENING "DELTA"!!!
WELL BOYS N GIRLS, SOUNDS LIKE YOUR 10 DAYS HAVE JUST BEEN VERBALLY ANNOUNCED INTERNATIONALLY, OR HAS IT BEEN DONE INTENTIONALLY??????????
TIES INTO THE ARTICLE BOUT "ISX" BEING DOWN TILL THE 6TH/7TH OF JANUARY........
WOULD ALSO ALLOW TIME FOR INTERNAL ITEMS TO BE DONE TO PREPARE FOR INTERNATIONAL ITEMS........
HOWEVER, MY QUESTION WHY FROM 29TH TO THE 11TH?????????
LAST ARTICLE WAS IMPLYING 27TH TO THE 6TH???????
WHY DO THEY NOW NEED "EXTRA" TIME??????????
ANY TAKERS ON THESE QUESTIONS, C"MON, STEP UP TO THE MICROPHONE, POWER IS STILL ON, LOL LOL................
I HAVE SOME THOUGHTS, BUT AM REFRAINING MYSELF AT LEAST TILL MID-WEEK........
THANKS SIR!!!! G/B M/Z
DELTA » December 28th, 2014, 7:00 pm
EARLY 2015 LOOKING VERY GOOD!!!
ISX,ATM... WAITING FOR RATE!!! DELTA
Aggiedad77: Well Delta.....the world turns and so do the events in Iraq....I think the events in Iraq are beginning to move at an ever greater speed.....
I'm so liking all that we are seeing that is happening in the past few days and the overall attitude from PM Abadi in moving things forward for the Iraqi people and pushing to bring Iraq onto the international levels that will make great things happen.
Thanks brother Aloha Randy
Here's Mtn.Goat's latest for you Goat lovers...This is long, so read at your own risk (LOL)...! Please don't shoot the messenger - eat the meat & spit out the bones...BE BLESSED EVERYONE...RON
Mnt Goat: "Be Careful What You Ask For" Part 1 - 12/20/2014
UU8548 – “Be Careful What You Ask For” by Mnt Goat -- emailed to D.Recaps
This is going to be a great news letter today. A little long so grab a cup of hot coffee, get your reading glasses, find a comfortable chair, sit back and relax.
There are many topics to cover and it is all related to the process of the revaluation of the Iraq dinar. Please be patient, sometimes you have to break a few eggs before you can make the omelet…..lol…
I will try to make the needed connections for you as much as I am allowed to tell the story.
Today's news letter, as in all my news letters, is a continuation of the ongoing saga of the IQD RV process. Please refer back to my last news letter of 12/8 as this news letter is a continuation of this news.
Many of you keep asking me why the RV is still consistently being held up. Maliki is essentially gone and a new government is now in place but still no RV. Once again we have witnessed this over and over especially in the last couple weeks right up until now. Why?
There are many reasons and I will try to explain some of them that I can talk more liberally about.
I know for a fact that if all went well in Iraq this past week we should have seen this RV. There was a plan laid out by the USA and the CBI. However the Iraqi government did not complete its part of the plan and so it simply will no happen according to this old plan.
This is how the plan was laid out for this week. This weekend the RV being announced, first in Iraq (showing up on the CBI website) then the new rate going live in Iraq on 12/22.
Many of the groups in the USA would then have been allowed to continue exchanging through the two weeks of the holiday season up until the end of December.
The 800#s were to be activated on 12/18 to begin appointments with exchanges beginning on 12/22. This was the plan and it was not executed.
If you do the math you can see that there was a 10 day delay built into the rollout schedule from when Iraq RV’d and the official USA roll out. I do not know all the details or the concerns as to the necessity for the 10 day delay.
So today is Saturday and still no 800#s- What happened?
My contact in Iraq was informed by the Finance Minister, Hoshyar Zebari, in a news briefing as late as Thursday 12/18, and he said that the ministerial committee in charge of preparing the budget had just completed its work and will provide the general budget in its final form to the Council of Ministers next Monday 12/22.
You can see in order execute this planned rollout the USA needed this budget done by 12/18 as previously scheduled. So now the plan changes.
So what is the new plan?
Also Ahmed Sarhan, Parliamentary finance committee confirmed on Tuesday 12/16 , that the general budget for the year 2015 Act will reach the House of Representatives later this month, while pointing out that it was agreed to reduce budget expenditures to reduce the deficit ratio.
The head of the parliament Saleem al-Jubouri confirmed also this week, the House of Representatives are ready to hold an extraordinary session in the event of the arrival of the budget to him, pointing out that the government faces challenges in this area and thus may not get a quorum as needed for the session voting.
All of these late budget adjustments/modification have messed up the timetable of the USA for the final phases of the RV rollout plan but be patient.
We all have to take the punches and roll with them. I believe we are still in a very, very close proximity to the final phase completion. The plan now just has to be adjusted a bit for the timing.
So to make a long storie short, everything is now pushed out. Because of the holidays I do not believe we will not see many more group exchanges going on and what is remaining will go with the final announcement and general public. This is being planned out right now as I write this news letter.
A new timetable should be forthcoming soon. I will attempt to bring it to you when I get it. I am hearing they still need to have the RV done once the Iraq 2015 budget is voted on. They are still targeting the end of 2014. They need to open the budget immediately after passing it in parliament.
Remember this all was originally supposed to be done prior to the end of December 2014 but we see it is now overflowing into January 2015. This is not a good thing. It can not overflow to far into 2015 for obvious reasons. I am still hearing a target of very early 2015.
Seems the early part of a new year is the best time for this RV if we look at the past target dates. So we can probably not expect anything until then.
Is anything done on time in Iraq ? ……lol…..
Every year Iraq struggles to get their budget completed. Their fiscal year ends on Oct 31st. This year is much different however. This year they are facing deficits due to the war and the money stolen due to Maliki corruption.
There is an entire book of projects they need to complete and fund. Sure they have great wealth but you can’t spend oil it has to be brought to market and sold first. The ever changing recent drops in oil prices is causing a constant strain on having to readjust their budget figures over and over again.
The good news is Iraq is now making it public that they will open the oil spigot come 2015 to over 500,000 barrels oil for their annual production. This is amazing !
We can expect yet lower oil prices in the future. Some are saying that this is counterproductive to them since prices will only drop even lower – good old supply and demand economics.
Yes this is true however the government of Iraq can’t control the other oil suppliers and thus have to raise output to increase revenues since revenues now are lower per barrel. Does this make sense? OPEC now had taken a backseat in allowing this free oil flow. Just why is this all being done this way?
Remember too in the past the IMF and the USA reviewed their budget and then allocated the DUI funding to support it, as appropriate. Since Iraq was not allowed to manage their own revenues from oil for fear of funding terrorists or buying weapons of mass destruction.
We see from the old Maliki administration that this is just what may have happened too. For 2015 there is no legal grounds for this process to continue since Iraq is now a sovereign nation.
So how does the USA keep tabs on their spending? This is a simple matter. They force them to outline their revenue sources and expenditures (using a budget as the means to do it) and they force them to make it legal (a vote in parliament) so they adhere to it.
Remember the USA is still in part micro managing Iraq since they are the new kid on the block when it comes to democracy and budgets.
They now motivate them to do this all by dangling the RV carrot in front of them. If the USA does not like something in the budget it will never reach parliament and is negotiated at the level in the council of ministers. This too has caused many delays in getting the budget prepared.
As we can see from my explanation above the Iraq 2015 budget is on everyone’s mind these days. Many think this is the one event we are all waiting on to get our RV. Well I am here to tell you today it is not but certainly has an indirect impact. How can it not? Sometimes they create chaos to bring us order in the end.
They (meaning Iraq) are now simply telling us another delay tactic from announcing any completed budget until the time is ripe and they want to push out the final part of the Iraq economic reforms that of bringing back their currency to international status.
Remember they have to tell their citizens something since they keep announcing these reforms will be done in the coming days.
I will attempt to explain to you what is going on behind the scenes and not being told in the news media to us. When I listen to the news media on this topic the information is very, very superficial in nature. What you are being told in part is what I explained above.
What is reality is much different than their perception. What I am about to tell you now is also part of the situation. Listen up! These are the other reasons for the delay.
A Bit of History
In 2012 we witnessed an announcement by the CBI of their intentions to RV early 2013. The new coins too were supposed to be introduced in Sept 2012. Remember?
The Maliki GOI interfered so then once again delayed the process. After this delay we heard a year later in the fall of 2013 the intentions again to follow up and complete the project to delete the zeros in early 2014.
Then in late 2013 we witnessed the takeover of the CBI and once again Dr Shabibi’s plans for an RV were postponed indefinitely as announced by the new governor of the CBI.
Dr Shabibi had all intentions of rolling this RV out on these scheduled timeframes during these two timetables. The CBI itself has just recently told us these facts in recently published articles so this is not rumor or conjecture.
Remember there are two plans and two RV timetables that must coincide together. One timetable is that of the USA since they hold the POWER to run the software to initiate the final stages of the rollout to the global exchanges and banks. The other timetable is the plan of the CBI and their intentions. The CBI alligns the RV to the political and security situations. There simply must be security in both areas.
The problem is the two plans are not always in sync and often clash as we saw in 2012 and 2013. Our intel here from the USA UST tell us of the USA plan, we then hear the CBI plans on what news articles we get. Some of us have excellent CBI contacts to help us out.
As good intel providers to the dinar investor community we are responsible to try to piece together these plans and sync them up. This does not always happen and so we are left hanging repeatedly when we are only told of the USA plan and do not see, understand or appreciate what is really happening in Iraq and its impact on the USA rollout plan.
Thus the USA plan anticipates certain events in Iraq and adjust their plan for the RV rollout accordingly. Intel then tells us any day or everyday for the RV. Is the UST then lying to us?
No – I believe these sources are telling us the current plan. The operative word here is “current”. Do you get it – the “current” plan.
So then when the RV does not happen according to the “current” plan we are disappointed. Maybe if those responsible for this roller coaster ride would only take the time to read the articles and get some real contacts in the CBI they would know and have a sense that the two plans are not syncing up and thus do not announce the USA plan to us to get us all hyped up.
These intel providers could then also get to understand Iraq politics a little better instead of just regurgitating what the UST tells them to say.
This is much of this constant problem we are having with this everyday and any day hype we keep hearing. Especially during this time of the holiday season this is the last thing we need, more disappointment.
Now we see this happening once again. This time the USA has issues and demands from Iraq concerning their budget. The USA also had other issues of their own budget approval (I will explain all this later).
Yet the current UST plan is being shared with everyone on these dinar info calls. Why? Maybe there is some responsibility to be held accountable by these people who are spreading this RV news without really studying the situation in Iraq themselves. It is not fair to all of us and it is sad.
I know we can’t stop listening to their calls since the news seems addictive and we are junkies. Right? Can you stop listening? Someday we know that the UST plan and the CBI plan will sync up and this one time they will be correct. This is the day we hope for. This is why we keep listening.
The USA Budget Bill of 2015
Okay many of you are now saying how in h*ll does this impact the Iraqi RV? It does and let me explain. Let me start by saying that the USA is now once again trying to pay Peter by taking from Paul. Do you know what I mean by this?
Many financial analysts have been telling us for decades that some day over the horizon the USA government would not be able to pay even the interest on the national debt since all of its incoming revenues would be spent on just paying the interest on the national debt and nothing left for anything else. Could this day now be here?
Without the USA budget where is the funding for the exchanges going to come from?
Yes – I too know most of the public exchanges will be just electronic deposits to new bank accounts but eventually you will be spending the money such as for businesses, charity work, new cars, homes, annuities, investment portfolios, etc…yes?..no?
So again I ask - Where is all this money going to come from initially for these products and services? The banks are not just going to give out FREE money. The oil credits are not yet revenue until the oil is sold so this will not happen until sometime in the future.
The answer is in the funding programs the IMF and the UST has been working on since 2003. There are many of these programs and some are very creative. Many of these programs are now fully funded and waiting for transfer to the banks and so yet another sign we are very close the RV exchanges.
So the U.S. Congress has given its final approval for a massive $1.1 trillion government spending plan for most of 2015, ending a threat that the federal government could shut down again if the legislation was not passed.
The measure, approved late Saturday 12/13 in the Senate by 56-40 vote after a vote Thursday by the House of Representatives, funds the government through the current budget year ending next September. The bill now heads to the White House where President Barack Obama has said he will sign it into law.
Many will tell you this did not matter for the RV and they would be wrong. I explained to you why it matters. No budget, no funding of some of the needed programs. Do you understand?
Can you see now how last weekend since all this lined up in the USA the Iraq budget schedule too all of sudden was announced it would be completed by 12/18. Can see now why the UST conistently keeps holding up the RV.
Frank Dodd Act
This brings us to the inter-governmental fighting going on now between ploitical parties over provisions in the 2015 budget bill for the USA. One side wanted to strictly apply the Frank Dodd Act provisions and allow in country “bail ins” and the other side apposed.
They are slick and tacked on this provision to the budget bill as a remedy for revenue generation. So if you vote for the budget you are automatically voting for a “bail in” to help pay for the additional expenditures.
This was required by the Federal Reserve if any more loans were to be granted to deficit spending in 2015. When will all this madness end?
Mnt Goat: "Be Careful What You Ask For" Part 2
UU8548 – “Be Careful What You Ask For” by Mnt Goat Part 2
What is the alternative at this point? Do we rob Peter (now the general public’s bank accounts) to pay Paul (the government) once again or do we cut spending to balance the budget (like they should have done decades ago)? This is of course only a short term solution.
What happens in the future and how many “bail-ins” will they need and have? How long will the citizens allow their hard earned money to be confiscated by the government to pay off debts caused by their irresponsible spending habits and mismanagement of public funds.
This panic stems from actions of countries around the world now circumventing the “petro” dollar and promoting trade with currency wars with china and Russia that is now rising to the number one with global currency swaps in conjunction with brics, mint, and next 11 countries and other nations.
By the way the currency of China is more closely alligned with an asset backed currency unlike the USD that is more of a fiat currency. This too is one reason the Chineese have kept thier currency value so low.
The world knows the USD has artificially increased in value over many decades now to be a player in the global currency and oil wars. Especially in the current value of it. Look at the sudden rise in the USD.
Just today the value listed at 90 cents…amazing ! There is absolutely no justification of new assets to back up this sudden rise of currency value unless the USA is in fact paying off the national debt in the background. Could the IQD have anything to do with it?
Let me explain something too that most do not understand. The USD does have already a real asset backed value, just not justified at the current market rate.
The country of USA still has valuable resources like oil, forest, gold, minerals and other natural resources. It still has the most robust economy in the world too.
Soon the USA will out produce even Iraq in shale oil production. I do not know about you but I am getting a little tired of all this talk about the crashing of the USD. I am hearing now even exchanges being done in other currencies and not to USD. Is this all fear based and who is creating this fear of the USD?
Is some entity intentionally trying to orchestrate a crash of the USD? Just remember this – “Oh what a web they weave when they practice to deceive”. Please research and don’t get caught up in all this hype and fear about the USA crashing. You are all much smarter than to go along with such nonsense.
Everything I have researched tells me the USD currency is predicted to make a very strong comeback after only slight adjustments coming up shortly.
The “petro” dollar is not dead and is not going to die anytime soon. Yes – some countries are moving more away from the USD as a median of exchange but they have been doing this slowly now for decades since the first Iraqi war and is nothing new. Remember what goes around comes around.
Iraq too has guarantees on the use of the USD for trade and oil sales for decades to come since. Its all in the new HCL legislation, there are provisions that force the use of the USD (or "petro" dollar) in the selling of oil globally.
Other middle eastern countries too are going to follow the same such as Turkey, Jordan, Saudi and Kuwait. Soon Syria and Iran will be added to the list. Just wait and remember this news letter and you heard it here first…lol….
These countries see the benefit of supporting the USA and its new policy for the middle east. They can see the property it can bring and are tired of this constant terrorism threat.
IMF Reforms 2010
I have talked about these IMF reforms of 2010 in many of my past news letters and the reluctance of the USA to sign on to them. Why won’t they? Other countries around the world now realize the IMF reforms are being delayed by the country that has the majority voting share (USA).
The USA does not want to lose its clout. But there are many, many good, much needed reforms that should be implemented too and its just not about the voting right changes.
On the other hand the brics, mint, 11 other developed countries no longer see any value or useful purpose of the IMF due to inequality and voting percentages. So the inaction of the USA in not accepting these much needed reforms and is literally killing the process. Major changes are on the horizon.
Going Back to a GOLD Standard
I have to say I am so surprised at the complete ignorance of some individuals on this topic and how they are spreading their lack of knowledge. The fact is the world will NEVER, EVER go back to a gold standard. Do you really even know what the gold standard is? Please research it first before you spread your rumors.
However the new economic reforms for currency and transparency do mandate asset backed currencies. Currencies can no longer be printed without justification of assets to back them up (fiat currencies).
It is the IMF who wants to hold the key to determining the inventory of assets for a nation. This is in the 2010 Reforms. There simply has to be one responsible gatekeeper. The USA does not like this gatekeeper since they no longer will be able to simply print money at will.
Gold is and should be a percentage of those assets. It can be in the bank or still in the ground.
This does not mean the assets have to be totally gold and formed in gold bullion stored at a Fort Knox as some comprehend. Get it? We see this now in the new gold backed treasury notes of the USD.
This does not mean they intend to back up all the notes in the future with gold. This is just rumor with no factual backing from the UST. There is not enough gold in the world to ever back up all the USD hard currency now in circulation around the world.
These new gold backed USD notes (or TRNs) are simply available to use for international trade between nations and give a level of transparency to the USD that is being demanded now by other nations.
They are not intended to be put in the hands of the everyday citizens for everyday commerce. There are no intentions to back all the USD notes in the future with gold. They are not expiring the contract with the
Federal Reserve either. It is not going away in anytime in the near future. Trust me on this one….lol…
Having regulated gold backed reserves will never happen since it was in part the cause of the great depression in the late 1920 30’s in the first place.
The debts of nations were so high at the crash that nations simply did not have enough gold backing their reserved to meet the timely demands to other nations.
With the large sums of cash being dumped in the already inflated markets in such a short period the entire system was doomed to come crashing down – and did when the demands to payout in gold (the international reserve at the time) where made so suddenly by so many.
Moving to the USD as the reserve currency and the currency for the international media (“petro” dollar) of exchange was done at that time to stabilize the world’s economy since the USA did have the most robust economy and was a secure nation ( in comparison to other nations).
Remember this was soon after WWI and at the tails of WWII. The great depression in Germany following WWI reparations has a lot to do with it too.
So to help resolve the crisis there were strict financial regulations put in place that helped rebuild the economy of the USA and assisted other nations.
These regulations have since been slowly eroded and this is said to be the main cause of much of the current financial mess we are now in. This really hit home during the Reagan administration when people demanded that government take a hands off approach.
Then soon experienced the saving and loan crisis better known as Black Monday. Again demand out paced the supply. Do you
remember this? For over 30 years since the depression driven regulations were enacted not one financial crisis occurred. Don't believe me? Do your research.
All these financial crisis after crisis started when the deregulating started with the appeal of these reforms. Again I say to you – be careful what you ask for …you just might get it….!
So these new IMF Financial Reforms are part of a solution once again to help resolve the unchecked free flow of cash between nations. Why does the USA not support it then?
Having gold backed currencies is not a sound practice no matter which way you look at it. Not just my opinion by the way. Do you own research. First of all with a gold backed system many smaller developed nations could never comply. Second fractional banking simply does not allow for it. Do we do away with fractional banking then as an answer?
Let me answer this question with a question. Do you want to get rid of your opportunity to buy a new home or how about a car loan? Or how about freezing all your credit cards and demanding the balances be paid in full now and no longer having credit cards. Its all connected together in the way our financial system works.
It is all related. You simply can’t change the system in place overnight without some real dire consequences. So my advice is please stop listening to all this foolishness being perpetrated about the fall of the carbal or the new republic.
We must be careful of the people who are spreading this stuff and what system they have in mind to replace what we already have. Again – be careful what you wish for – you just might get it.
As part of my time in the intelligence area let me explain some issues to you now. If there is ever going to be a huge financial crash it will be caused by these people. It will be intentional. Who are these people? Are they the CIA trying to stir up the masses. Why? What are their true objectives?
Sometimes the opposing force is itself the same entity. Yes – the same entity. Since we expect an apposing force then why not invent one. If you don’t invent one, one may spring up anyhow and it may get uncontrollable. This way you own it and have total control over it.
This way you can manipulate the masses without them even knowing it. Make sense? You essentially own both sides. One quick example: Gun Control- the CIA plants a gunner in a school, mows down innocent children, people then want more gun control. They demand it.
States and Congress then can pass more gun control laws. Do you see what I am saying. What is the real objective here? More gun control for the safety and good of the average citizen or more gun control for the state in order to control any future revolt against the state? What is planned for the future?
Remember these secret entities often cause order through first causing more chaos. A tactic all too familiar in the intelligent business. So wiping the financial slate clean and staring over can never and will never happen. It will be so devastating and so bad to the economy you may wish it never happened.
They may try to convince you this is a good thing. There is no way out of this mess unless there is full global cooperation between all nations.
They must heal and mend the broken parts of the financial system and do it slowly and gently to institute the necessary reforms and come up with more creative ways to pay off these huge national debts. The IMF and WTO is now attempting to do just that.
Paying off the National Debt
Some are saying the Iraqi RV will pay off the USA national debt? Think about this. Where in h*ll will $20-26 trillion dollars come from in order to do this? It would take profits from Iraqi oil credits 50 years or longer to pay off that much of a debt. Now with the dropping oil prices even longer. I do not think this is their plan or ever was. Let me explain.
The RV can however help to bring in additional revenues thru these oil credits to stop deficit spending each new year and finally have surplus revenues enough that they can be push to slowly pay down the national debt. So you see there are really two issues here.
One is paying off an already huge ever increasing national debt, another is the annual need to borrow more money to increase it yet even more. Both issues must be addressed.
Kind of like using a credit card. Stop the spending to stop the limit increase, then bring the limit under control by paying off the owned amount.
Do this and more and ore of the monthly payment is gradually going towards paying off the principle debt and not paying off interest each month. Overtime it is an exponential result. But it takes discipline and many of these speciall black opns projects or free aid must end.
If you can’t pay off the principle debt in a lump sum then you have to slowly pay more each month beyond the interest changed for that month on the existing debt.
Soon you will see the limit of debt will slowly decrease each month. Of course the more favorable approach would be to use a lump sum payment on the debt and then to get the spending under control so yet more debt does get racked up again in the future, thus creating a crisis all over again.
The politicians never want to talk about the debt in these practical terms because they believe the average citizen is stupid and can not comprehend this level of detail.
Well I am here to tell you they are wrong. Most of us face these challenges each and every day and some go to jail for failure to meet their legal financial obligations too.
The fact of the matter is former president Clinton did nothing to pay down the national debt with revenues generated from the Kuwaiti currency revaluation. This is a fact not my rumor.
I say again nothing ! Instead his administration used that surplus revenue to pay the govt bills that year instead of borrowing yet more money to compensate for overspending that year. Thus the national debt hardly increased that year and necessity to borrow more money was less.
The fact is what surplus money remained after he left office was given out to the citizens as rebates under president GW Bush. Do you remember this?
This was of course nice for all of the citizens receiving these checks but the reality is it was the worst and most irresponsible financial policy ever perpetrated on the American citizen. Think about it. What was really going on here? Was it all to gain confidence for the upcoming election.
So please I am so tired of hearing about how this Iraqi revaluation is going to solve all the USA financial problems and pay off all its national debt. I hear statements like ‘ Why can’t they just pull the trigger it will be so good for the national debt”. Save this rhetoric for your dinar gurus.
I think we are still in a very good window to see the RV announcement at the beginning period of the new year.
I have to tell you there was some amazing news this week but it appears other issues prevented the RV announcement in Iraq. I have tried to explain some of these issues to you.
Of course all the best laid plans are for mice and men. So the plan now adjusts once again and we adjust with it. Relax and be patient. We will be at the banks soon. This roller coaster ride is almost over.
The PTB do not just spend years of planning and strategizing middle eastern policy and spending trillions implementing their plan without completing it.
Then when can we expect the RV?
Let’s just say this – If you have not yet gone out and purchased your bottle of champagne. I would do it now and get it chilled and ready…..lol…..! We are only 11 days remaining till 2015.
Let your hearts be light, your cares be few, and all of your wishes just might come true.
Merry Christmas to all and to all a good year !
Peace and Luv To Ya All, Mnt Goat
Backdoc Monday Night Post - "Buyers vs. Sellers" - 12/15/2014
BUYERS VS. SELLERS - IMO
AS BiII GROSS SAID: "AS OIL DROPS CURRENCIES TRY TO ADJUST"!! AS OIL CONTINUES ITS SLIDE FROM THE UPPER LEFT TO THE LOWER RIGHT ON THE CHART, CURRENCIES ARE GOING TO CONTINUE ADJUSTING!
CURRENTLY, OIL IS STILL IN CONTANGO, REMEMBER THIS IS NOT A DANCE! LOL IT MEANS THE DAILY SPOT PRICE YOU WOULD PAY TODAY IS LESS THAN THE PRICE OF THE FUTURES CONTRACTS!
AS LONG AS THIS CONTINUES, OIL CONTINUES ITS’ SLIDE!
SO AS GROSS STATES, "CURRENCIES HAVE TO ADJUST", WHAT CURRENCY IS ADJUSTING THE MOST?MMMM
ANSWER: RUSSIAN RUBLE
THE RUBLE IS BY FAR THE WORST PERFORMING CURRENCY IN THE WORLD THIS YEAR! TODAY, THE RUSSIAN RUBLE HAD ITS BIGGEST ADJUSTMENT FOR THE YEAR BY DROPPING 12% IN ONE DAY!! WOW! THAT’S WHAT GROSS MEANT BY A CURRENCY HAVING TO ADJUST! NEXT, THE COUNTRY COULD BE IN TROUBLE!
IN FACT, TODAY RUSSIA RAISED ITS INTEREST RATE TO 17% ! WOW! THAT’S WHAT GROSS MEANT BY THE TERM “SPREAD"! THIS INCREASE IN THE SPREAD IS A SIGN OF A CURRENCY IN DESPERATION!
THERE ARE RUMORS THAT RUSSIA MAY BE DUMPING GOLD TO BACK THEIR CURRENCY!
WITH COUNTRIES HAVING TO PROP UP THEIR CURRENCIES BY SELLING GOLD, LOOK FOR IT TO FOLLOW RIGHT BEHIND OIL IN LOCK STEP! MMMM
I ASSURE YOU THAT THEY HAVE BEEN BUYING GOLD AT A HIGHER PRICE THEN WHERE IT IS NOW. MMMM
BUY HIGH SELL LOW! MMMM WHO BENEFITS ??? RIGHT THE EMPIRE !!
IF THE RUSSIAN RUBLE IS THE LOSER, WHO IS THE WINNER? MMMM KING DOLLAR AND DARE I SAY MR. LONELY! OF COURSE MR. LONELY IS STILL HIDING BEHIND OZ’S CURTAIN!
THERE IS NO DOUBT THAT OIL IS GOING LOWER IN THE NEAR TERM BASED ON THE CONTANGO IN THE FUTURES MARKET!
WITH OIL IN FREE FALL, WHO DOES IT HURT THE MOST? WELL, AT THE MOMENT WE SEE RUSSIA WITH OTHERS TO COME???
WITH SANCTIONS OVER CRIMEA AND THE BRICS TRYING TO MOUNT FINANCIAL COMPETITION TO THE WORLD BANK I’M NOT SURPRISED! THIS IS A CURRENCY WAR!
EVEN IF OIL FINDS A POINT OF STABILITY IN THE NEXT FEW MONTHS, IT WILL STABILIZE AT A RATE THAT BENEFITS THE EMPIRE AND PUTS A FINANCIAL DRAG TO THE BRICS DUE TO THEIR HIGH EXTRACTION COSTS! REMEMBER OIL AFFECTS ALL SECTORS OF AN ECONOMY THATS WHY GROSS SAYS, "CURRENCIES HAVE TO ADJUST."
ARGENTINA IS IN SUCH POOR FINANCIAL CONDITION THAT CHINA HAD TO DO A CURRENCY SWAPS JUST TO BAIL THEM OUT AS EVIDENCED BY THIS CAPTION OF A BLOOMBERG ARTICLE!
Argentina Bond-Sale Bust Is Missed Chance as Maturities Loom
Argentina missed a chance to boost foreign reserves and push back much of the $12 billion in debt coming due next year as investors balked at the terms for the country’s first bond sale since defaulting in July.
THERE ARE CRACKS IN THE FINANCIAL ICE WORLD WIDE!
IF OIL CONTINUES ITS' RAPID DECENT, WE ARE CERTAINLY HEADED FOR A CRISIS NOT ONLY IN STOCK MARKETS BUT COUNTRIES AS WELL, AS BILL GROSS MENTIONED!
THE COUNTRIES WILL HAVE A HARD TIME SELLING BONDS TO FUND THEIR DEBT OR BE UNABLE TO MAKE THE PAYMENTS ON THEIR DEBT AS INTEREST RATES RISE.
REALIZE THIS IS WAR!
ASK YOUR SELF, WHO GETS HURT THE WORST? EVERYONE BUT THE EMPIRE! REMEMBER THE GAME OF MONOPOLY I DESCRIBED? THIS IS THE DISTRACTION! COUNTRIES IN TROUBLE THAT HAVE LARGE GOLD HOLDINGS WILL HAVE TO SELL THEM TO PROP UP THEIR CURRENCY JUST LIKE RUSSIA IS, OR SOON WILL BE!
WHEN YOUR CURRENCY IS RISING AND OTHERS ARE FALLING, WOULD YOU LIKE TO GUESS WHO WOULD BE A BUYER WHEN GOLD TAKES ITS NEXT LEG DOWN? MMMM RIGHT!
THE EMPIRE! OR PEOPLE IN THE EMPIRE SINCE THEY HOLD BY FAR THE WEALTHIEST INDIVIDUALS IN THE WORLD!
WE ARE ON OUR WAY TO LONELY, THIS IS WHAT IT LOOKS LIKE! UGLY! THIS IS THE BEST TIME TO LAUNCH IRAQS’ CURRENCY!!
WHEN THINGS ARE THE WORST FOR SOME, THEY ARE THE BEST FOR OTHERS!
"ALL FOR ONE AND ONE FOR ALL”
THE PATH TO LONELY, DOC
Low yields could mean trouble for stocks
While analysts see stocks continuing to creep to new highs, there could be a time when investors decide the signal the from the bond market is not especially positive. Jack Ablin, CIO of BMO Private Bank, says the day of reckoning could come in the first quarter, and he expects a new year sell off.
My Ladies Sunday Morning Post - "The Time is Now!" - 12/14/2014
GOOD SUNDAY MORNING EVERYONE. WE WOULD LIKE TO SAY THANK YOU TO SO VERY MANY OF YOU THAT HAVE SENT EMAILS AND PRIVATE MESSAGES TO US ASKING US TO ADD YOU TO OUR ROOM AND EXPRESSING YOUR MANY THANKS AND APPRECIATION FOR US.WE HAD NO IDEA HOW MANY OF YOU WERE ACTUALLY READING OUR OPINIONS. SO THANK YOU EVERYONE AND THANK YOU RECAPS FOR BRINGING US TO YOUR MANY READERS.
NOW LET’S TAKE A GOOD LOOK AT WHAT IS HAPPENING WITH IRAQ AND OUR END GAME. SO IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ. WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE.
ON THE LAST FEW CALLS WE’VE HAD, WHAT DID WE SAY? ON THAT INFAMOUS CALL WE HAD WITH NOVA? YOU REMEMBER THE ONE, WHAT DID WE SAY? LET ME REFRESH YOUR MEMORY WE HAVE BEEN SAYING FOR OVER A MONTH THAT THINGS IN IRAQ ARE DONE.
THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY. THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ONJANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY? THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE?
HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE.
THE BUDGET …
DO YOU ALL REMEMBER THE ARTICLE I DID SOME MONTHS BACK TITLED DROP IT LIKE IT’S HOT? THAT WAS FOR THE 2014 BUDGET WELL GUESS WHAT FOLKS THE SAME ADVICE COMES FOR THE 2015 BUDGET.
ALL WE NEED TO DO IS APPLY A LITTLE COMMON SENSE HERE TO KNOW THEY CAN NOT DISCLOSE THE BUDGET WITH OUT THE RATE FIRST.
YOU SEE THE BUDGET WILL SHOW EVERY DINAR FROM EVERY SOURCE AND EVERY LINE ITEM THERE BY DISCLOSING THE RATE. DO WE THINK THEY WILL TELL ALL OF PARLIAMENT OVER 237 MP’S AND ALL THE MINISTERS AND COMMITTEES THE RATE BEFORE THE CBI POSTS IT?
I MEAN DO WE REALLY THINK THAT IS A POSSIBILITY? NO! NO! THERE IS NOT EVEN A TINY POSSIBILITY THEY WILL DO THAT.
FOLKS FOR HEAVENS SAKE THEY ADJUSTED THEIR RATE A FEW BIPS AND WERE SURE TO POST IT TO THE CBI FIRST. WOULD THEY REALLY TELL THE GOI OF SUCH AN ENORMOUS ADJUSTMENT BEFORE THE CBI POST IT?
THINK ABOUT IT….NO!
SO I THINK IT IS SAFE TO SAY THEY NEED TO POST TO THE CBI FIRST. WELL NOW WHERE DOES ALL THAT LEAVE US? IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON.
THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN. IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT.
THERE IS SOMETHING ELSE WE WOULD LIKE TO SHARE WITH YOU, LAST WEEK THERE WAS A SMALL ARTICLE THAT WAS PUT OUT BY RAFIDIAN BANK AND A QUICK 32 SECOND PERSONAL INTERVIEW. IN THIS INTERVIEW THAT WAS IN ARABIC WITH AHMED HASSAN WHO IS THE DIRECTOR OF THE RAFIDIAN BANK IN DHI QAR HE CLEARLY SAYS THEY HAVE THE ATM’S AND THE NEW BANKCARDS WITH THE SIM CARD IN THEM BUT THEY ARE BEING HELD HOSTAGE BY THE CBI UNTIL THE DELETION OF THE ZEROS BECAUSE AS IT STANDS NOW THE NEW MACHINES AND CARDS DO NOT WORK WITH THE OLD NOTES.
THERE IS NO ARABIC WORDS FOR SIM CARDS SO IF YOU LISTEN AT THE 12 SECOND MARK YOU CAN HEAR IT CLEARLY. HERE IS THE LINK FOR THE INTERVIEW
SO WHAT DOES THIS MEAN WELL IT TELLS US THAT THOSE CARDS ARE READY TO BE USED, DO YOU REMEMBER THE MANY ARTICLES WE DID ABOUT THE MIDDLE EAST AND IRAQ IN PARTICULAR HAVING THE SOFTWARE TO CREATE AN ALL IN ONE CARD SYSTEM?
ALL THEIR INFO SUCH AS PASSPORT AND ID AND DRIVERS LICENSE, AND BIRTH CERTIFICATE AND FINANCIAL AID WOULD ALL BE ON ONE CARD?
REMEMBER ALL THEIR BANKING INFO AND THE REPLACEMENT OF THE OLD QI CARD WELL HERE IT IS THEY HAVE THE CARDS AND ARE READY TO DISTRIBUTE THEM. THAT IS HUGE HUGE NEWS. WE DON’T EVEN HAVE THOSE CARDS HERE IN THEIR ENTIRETY YET. AND HERE IS THE LINK OF THE COMPANY THAT CREATED THOSE RFID CHIPS, GO AND HAVE A LOOK BECAUSE WE WILL BE USING THEM TOO BEFORE LONG.
ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE, HERE HAVE A LOOK FOR YOURSELVES
Parliamentary Energy declares that the lifting of the zeroes will not affect oil prices and criticized the Central Bank
Published on: 09 December 1 / December 2014
Confirmed to the Committee on Energy and Oil parliamentary member Ugaili Aziz, saidTuesday that "raise zeros from the Iraqi dinar will not affect the low oil prices, the fact that specific prices in US dollars
Ugaili said in a statement to the press, seen it (Iraq) that "the value of the Iraqi oil prices are in dollars, but the lifting of the zeroes will lead to an increase in commodity prices in the country .
Ugaili ruled that "the lifting of the zeroes from the Iraqi currency will be in the coming period specifically in the next year in 2015 .
He criticized a number of experts and specialists in the financial and economic affairs, the central bank's policy of issuing new editions of major categories of the coin, while warning of this procedure being will increase inflation, causing a state of economic confusion and stagflation in Mahlah.ocdoa market, according to news agency dinars on importance of moving and speed up the implementation of the project to delete three zeros from the currency and not to resort to prosthetic solutions issuing new editions, the fact that this project will overhaul the currency and increases the strength and improves performance both locally and regionally .
The central bank had earlier announced that the project to delete the zeros is still standing, but the date of its implementation is specific, as revealed its intention to issue a large categories of currencies as a group (50) thousand dinars, and (100) thousand dinars, and restore the current currency printing until the project application .alkhbayr in the financial and banking affairs Mohsen Ali, said: "The project to delete the three zeroes from the currency is one of the strategic projects and relied on by the Central Bank, he will overhaul the Iraqi currency again and reduces the money supply because it will reduce the large numbers Kaltrliunat and billions and other ".
He added that "this project will serve the country in many ways, including, to create a balance in the inflation rates, and facilitate the preparation of the annual budget process for the State, ministries or provinces, and reduce errors in the big financial accounts, as well as he would the Iraqi dinar to the regional and global stature." He pointed to: that "the central bank when a promising project to delete the three zeroes from the currency His goal was to reduce the large masses of cash and create a balance in the market rates of inflation, it cannot issue new editions of major categories, because it is considered prosthesis solutions are irrelevant to the country, but it would hurt the economy terms of increasing stagflation in the market . "
While economist Dergham Mohammed Ali, pointed out: "The subject of restructuring the currency would be useless without the implementation of the project to delete the three zeroes from the currency for the purposes of legal, administrative and regulatory at the same time." He explained Muhammad Ali in an interview that "the issuance of currency with a large class safety specifications for high discharge the need for the project to delete the zeros of the budget, which will be transferred Alterellnah box to box Alumblyaria, which are commensurate with the budgets of neighboring countries and reduce the differences between the dinar and the regional currencies, including re-consideration mathematically and value judgment of the Iraqi dinar . " READ MORE HERE.
WHAT ARE THEY SAYING HERE? RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? WELL GUESS WHAT FOLKS WE BELIEVE THAT TIME IS HERE.
FOR WEEKS WE HAVE BEEN SAYING YOU WILL NOT SEE ANY MORE LAWS PASSED, YOU WILL NOT SEE THE COMPLETION OF THE GOVERNMENT PROGRAM AND YOU WILL NOT SEE HCL OR THE BUDGET WITH OUT THE RATE.THERE IS NO WHERE LEFT FOR IRAQ TO GO BUT OUT. THEY NEED TO GO OUT TO THE INTERNATIONAL MARKET. ABADI AND CO ARE NOT BUILT TO FAIL, THEY HAVE SET TIMELINES AND WE BELIEVE THEY WILL KEEP THEM.
IRAQ WILL BE WORKING ON THEIR ECONOMIC REFORM AND THEIR LAWS FOR YEARS TO COME. BUT THAT WILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR.
THOSE LAWS AND REFORMS WILL BE PUT IN PLACE TO PROTECT THE NEW RATE OF THE DINAR. REMEMBER BANKS MAKE THE MONEY AND POLITICIANS WRITE LAWS TO SPEND THE MONEY. MALIKI WILL REMAIN PUTTERING AROUND OR HE WILL FINALLY BE ARRESTED BUT WHO CARES?
HE WILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR. ISIS OR DAASH WILL COME AND WILL GO THEY WILL FLARE UP FROM TIME TO TIME, BUT EVEN THISWILL NOT AFFECT THE EXCHANGE RATE OF THE DINAR.
FOLKS EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER. ALL THE PLANNING OF THE LAST 40 YEARS IS FINALLY HERE, THE DINAR WILL FINALLY BE RELEASED TO DO WHAT IT WAS DESIGNED TO DO AND WE ARE JUST FORTUNATE ENOUGH TO BE TINY TINY TINY PART OF THE BENEFITS.
SO TAKE A DEEP BREATH AND SIT BACK AND ENJOY THE FINAL TWISTS OF THIS ROLLER COASTER RIDE BECAUSE IT IS ABOUT TO BE OVER.
HAPPY HOLIDAYS AND LOVE TO ALL …MY LADIES
Testing the Rocker Badge!
Live Exchange Rate