Stevarino Posted September 19, 2010 Report Share Posted September 19, 2010 NY Fed backing CBI Daily US Dollar Auctions with Electronic Currency! Fed buying up a lot of Dinars at 1170 and removing them from circulation! Probably Trillions in NY Fed vaults! 3 5 Link to comment Share on other sites More sharing options...
truckerron49 Posted September 19, 2010 Report Share Posted September 19, 2010 Is there a link to to this please???? 2 Link to comment Share on other sites More sharing options...
Pilgrim Posted September 19, 2010 Report Share Posted September 19, 2010 Any evidence??? 1 Link to comment Share on other sites More sharing options...
Jac Posted September 19, 2010 Report Share Posted September 19, 2010 NY Fed backing CBI Daily US Dollar Auctions with Electronic Currency! Fed buying up a lot of Dinars at 1170 and removing them from circulation! Probably Trillions in NY Fed vaults! This has been going on for some time. 2 Link to comment Share on other sites More sharing options...
ronron Posted September 19, 2010 Report Share Posted September 19, 2010 The link would be nice..but you know..$171,000,000 is not some amount that a common person can purchase...And I know my purchases aint in such hi amount 2 Link to comment Share on other sites More sharing options...
Mongo Posted September 19, 2010 Report Share Posted September 19, 2010 NY Fed backing CBI Daily US Dollar Auctions with Electronic Currency! Fed buying up a lot of Dinars at 1170 and removing them from circulation! Probably Trillions in NY Fed vaults! 2 Link to comment Share on other sites More sharing options...
SSO_Scooby Posted September 19, 2010 Report Share Posted September 19, 2010 ok sound intresting Link to comment Share on other sites More sharing options...
Stevarino Posted September 19, 2010 Author Report Share Posted September 19, 2010 ok..where did you get the dollar amount...he never said anything but trillions @1170...thats not 171000000 today's volume.. 1 1 Link to comment Share on other sites More sharing options...
sportfisher Posted September 20, 2010 Report Share Posted September 20, 2010 today's volume.. are you refering to CBI's currency auctions ? If you are, it is my understanding it is a foreign currency auction. They auction off foreign currency for IQD in return. It is the mechanism they have to bring the IQD back in. The $171,000,000 figure is USD, so they sold $171,000,000 USD worth of foreign currency for IQD in return at the tune of over 200 billion dinar back to CBI. So, if the FED or NY ???? is buying IQD, it's not at these auctions. NY Fed backing CBI Daily US Dollar Auctions with Electronic Currency! Fed buying up a lot of Dinars at 1170 and removing them from circulation! Probably Trillions in NY Fed vaults! I believe that any entity holding IQD it would be considered in circulation, except when it's in the CBI vault, then it's not in circulation. 1 Link to comment Share on other sites More sharing options...
Stevarino Posted September 20, 2010 Author Report Share Posted September 20, 2010 are you refering to CBI's currency auctions ? If you are, it is my understanding it is a foreign currency auction. They auction off foreign currency for IQD in return. It is the mechanism they have to bring the IQD back in. The $171,000,000 figure is USD, so they sold $171,000,000 USD worth of foreign currency for IQD in return at the tune of over 200 billion dinar back to CBI. So, if the FED or NY ???? So, where did the $171,000,000 come from? More than likely, it came from the NY Fed. which can create US Dollars. The CBI doesn't have the power to create US Dollars. All the Oil revenue from Iraq oil sales goes into the NY Fed not to Iraq...So, the NY Fed has the US Dollars and enters the CBI Auction process to sell Dollars and buy Dinars from the Iraqi Banks.. 1 1 Link to comment Share on other sites More sharing options...
ha ha Posted September 20, 2010 Report Share Posted September 20, 2010 So, where did the $171,000,000 come from? More than likely, it came from the NY Fed. which can create US Dollars. The CBI doesn't have the power to create US Dollars. All the Oil revenue from Iraq oil sales goes into the NY Fed not to Iraq...So, the NY Fed has the US Dollars and enters the CBI Auction process to sell Dollars and buy Dinars from the Iraqi Banks.. It is the other way round. The CBI have been sucking the IQD in and giving out the USD. Link to comment Share on other sites More sharing options...
Stevarino Posted September 20, 2010 Author Report Share Posted September 20, 2010 It is the other way round. The CBI have been sucking the IQD in and giving out the USD. So, where did the CBI get the US Dollars to buy the Dinars? 1 1 Link to comment Share on other sites More sharing options...
MicheleJ Posted September 20, 2010 Report Share Posted September 20, 2010 NY Fed backing CBI Daily US Dollar Auctions with Electronic Currency! Fed buying up a lot of Dinars at 1170 and removing them from circulation! Probably Trillions in NY Fed vaults! No they're not. Dr. J Link to comment Share on other sites More sharing options...
Nelson0528 Posted September 20, 2010 Report Share Posted September 20, 2010 If it's electronic, how are they removing them from circulation? THey just "burning" all the ones we want on our books?.... I guess the paper money really is worthless.... LOL Link to comment Share on other sites More sharing options...
Stevarino Posted September 20, 2010 Author Report Share Posted September 20, 2010 (edited) If it's electronic, how are they removing them from circulation? THey just "burning" all the ones we want on our books?.... I guess the paper money really is worthless.... LOL The US Dollars are electronic not the Dinar! The Fed is the only one that can create so much electronic Dollars...The NY Fed create them and sell them in the CBI Auction process to the Iraqi Banks for real Dinar... The real Dinars are then retired to the NY Fed vaults! Edited September 20, 2010 by Stevarino 1 1 Link to comment Share on other sites More sharing options...
PAPATOM Posted September 20, 2010 Report Share Posted September 20, 2010 ok...the fed is buying dinar. they are not going to spend dollars on dinar and then just trash the dinar. the fed's the fed....and the cbi is the cbi. the fed want's to make a profit also. so what are they DOING with them? Link to comment Share on other sites More sharing options...
sportfisher Posted September 20, 2010 Report Share Posted September 20, 2010 So, where did the CBI get the US Dollars to buy the Dinars? Oil 1 Link to comment Share on other sites More sharing options...
Stevarino Posted September 20, 2010 Author Report Share Posted September 20, 2010 Oil No! The oil money goes to the NY Fed not the CBI! Guess again! Link to comment Share on other sites More sharing options...
Recommended Posts