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NY Fed Buying Dinars!!

Stevarino

By Stevarino,
in Dinar Rumors

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Jac Newbie

Jac

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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.

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sportfisher Newbie

sportfisher

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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.

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Stevarino Newbie

Stevarino

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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..

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ha ha Newbie

ha ha

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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.

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Stevarino Newbie

Stevarino

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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 by Stevarino
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