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Frank 26 says...... 3 day grace period


millionaire in training
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Frank26   Inside of the country there is going to be a change to give the citizens purchasing power...outside of the country...there is a bridge of three days...and once it crosses that bridge it will launch itself high because...IMO...many foreign nations are wanting to trust the Iraqi dinar and this is their opportunity to do so...and they know it...the three days is a time for the value of the Iraqi dinar to be driven up from a 1 to 1 start...IMO...it is a grace period given to ALL countries when they are going through a change in their monetary value...it gives them time to adjust their currency...they either go up or down...Basically the currency is tagged for three days...and then if you can see who they are pegged to you can almost figure out the value because we know they want the USD and therefore 1 to 1 is a very good educated guess IMO that they are going to start out with....that three day period is...their period...their time...it is for them to take into the international world...send the memos...let everyone get ready...and a lot of these countries are shaking financial hands with each other...Japan, Vietnam, Iraq, US, Britain...

 

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1 hour ago, millionaire in training said:

I Don't Know.............but it sounds good to me.  ;)

How would he know this?   

He doesn't!!  There's No such thing as a three-day grace period in currency transactions!!  Once the value changes, it changes worldwide instantaneously!!! If you trade stocks, you have a three day settlement period to pay for your trade, but you're not changing the value of anything - you're paying the bid or market price of the stock you're buying.

 

 

 

:confused:

 

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Unfortunately, settlement of stocks is an open ended deal.  Every day over 300,000,000 stocks are not settled.  This is a secret of the Market controlled by the Exchange Stabilization fund.  This is an arm of the Treasury Dept. started in 1934 during the confiscation period of gold.  The treasury dept made their selves a tidy sum of $8Billion .  This fund has been used since that time to destabilize countries, currencies, commodities and dictatorships.  So to address an earlier post of the 3 days, actually, nothing is ever settled, It takes longer now to trade stocks and transfer funds than ever before.   50 to 75 days to settle to cash a mutual fund and transfer to a new account.  The financial markets of the world are toast.  Just one click of the mouse and the Treasury dept can put us all on bank holiday.  The only thing keeping the US going is our ability to print money.   The certainty of trade through the FX or banks when or if this becomes a reality may be determined by a total reset of all currencies and debt worldwide.  This will be a long stagnant period for everyone and you will need a minimum of 3 months extra provisions and cash on hand.  Just like in Greece, we will be at the mercy of the banking system and limited on our withdraw from our own accounts.  This is all thanks to the bail out, Dodd-Frank Law and the derivatives in excess of $700 trillion.  Hope the can is not bent so much that it can't be kicked down the road more.  This could all happen at the same time.  Just wait until you hear the words, "bank holiday"... it could be a long holiday.  

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History of edits:: 6/2/2016 9:10 • 109 visits readable
Iraq and Japan agree to activate the joint economic committee
[Where - Baghdad] 
discuss the Iraqi Foreign Minister Ibrahim al - Jaafari , with Japan 's ambassador to Iraq , Fumio Iwai activate the joint economic committee between the two countries.
A statement by his press office received by all of Iraq [where] a copy of it, that "al - Jaafari met with the Japanese ambassador and discussed bilateral relations between Baghdad and Tokyo, and ways to improve them to meet the ambition of the two friendly peoples, as the two sides touched upon discuss regional issues and international issues of common interest . " 
said al - Jaafari , " the importance of the resumption of the joint economic committee meeting in Baghdad, noting: available in the Iraqi market investment opportunities can Japanese companies take advantage of them, pointing out that the Japanese product has the confidence of the Iraqi citizens. " 
He added that" the two sides agreed on mutual support and cooperation duo with regard to international issues, including: the nomination at the United Nations office support. " 
for his part, Fumio Iwai according to the statement his government 's support for Iraq in its war against terror Daash gangs, expressing his country 's readiness to cooperate in international forums, as well as the willingness of Japanese companies to invest in Iraq . " .
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Submitted by Jeff Berwick:

We continue to report on important mainstream investors, professional and private, who have warned about an impending, global financial catastrophe.  Now, add Japanese Prime Minister Shinzo Abe to that list.

George Soros, Stanley Druckenmiller, and Carl Icahn among others have all made dire statements. They’ve also reconfigured their portfolios and taken positions in gold and silver and shorted the market.

The latest to join this list of doomsayers is Japanese Prime Minister Abe. This past Thursday at the G7 meeting he warned about the upcoming global crisis.

Abe was trying to generate support for global fiscal stimulus, according to reports. He told G7 members that the present times reminded him of the “post-Lehman era” in 2008. Lehman went bankrupt in September of that year and by the end of 2009, stock markets lost as much as half their value.

He even displayed a number of charts supporting his position that we are on the cusp of a massive collapse.

Commodities have now sunk 55%, the exact same amount they fell during the last crisis, during the Shemitah year, 2008.

Emerging market growth have slowed to near 2008 levels as well.
Abe wanted the rest of the G7 to issue a public warning about what he believes is going to happen to his country and to the world from an economic standpoint.

Instead, Abe’s comments received a near media blackout.  Some media mentioned it but certainly not as headline news.  We didn’t even hear about it until today, five days later.

You’d think this would be pretty big news.  The Prime Minister of one of the biggest economies in the world just made a presentation saying we are on the brink of collapse not only in Japan but worldwide and it was mostly swept under the rug.

Mainstream media explained that Abe actually needed to raise the alarm because he wanted to put off a significant tax increase in Japan. But as we pointed out recently, billionaire bond investor Bill Gross concurs with Abe, certainly when it comes to Japan. He said in an interview that Japan is not really solvent anymore and that Japan’s central bank needs to buy Japanese public debt and retire it.

Imagine if Barack Obama made a dire plea at the G7 that everyone should prepare for economic Armageddon and even brought up facts and data to support his position… it’d send world stock markets plunging.  Instead, Barack touts that anyone saying the US economy is doing poorly is “peddling fiction”.

http://www.silverdoctors.com/headlines/world-news/japanese-prime-minister-abe-predicts-global-economic-catastrophe-is-imminent/#more-67728
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