US Has Trick Up Sleeve

[Ghost Rider]

This is from the Wealth Daily site: (Sorry if this is a duplicate post) WORTH THE READ!!

Go to this link:

http://www.wealthdai...raqi-dinar/3145

[steveflex7]

Old news

[Luigi1]

Just as I suspected all along...a two tier cash out. The Feds will cash out at 4,000 ID to the Dollar & we will cash out at a much lower exchange rate after RV.

[speculatorsRIDE]

Just as I suspected all along...a two tier cash out. The Feds will cash out at 4,000 ID to the Dollar & we will cash out at a much lower exchange rate after RV.

What? How did you get a 2 tier cash out out of that article? The article said that the United States traded Dollars for Dinars back in 2003 at a rate of 4,000 dinars to 1 dollar. Claims that the US holds 4 trillion dinar. They also said that if the UN allows Iraq to RV to 1 IQD to 1 dollar then the US stands to make 4 trillion dollars off their holdings. No where does it indicate that there will be a 2 tier cash out system.

Edited July 21, 2011 by speculatorsRIDE

[puff26]

The Revaluation of the Iraqi Dinar

How the U.S. Plans to Make Trillions

By Greg McCoach

Friday, July 8th, 2011

U.S. national debt will exceed $14.5 trillion by the end of the summer.

The government has been underwater so long, it has gills...

But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road.

One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar.

The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry.

After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar.

Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur.

But here's the really interesting part...

The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq

Does that really come as a surprise?

The U.S. Treasury does not officially list the Iraqi dinar as part of the country's forex reserves.

New Iraqi Dinar

july 2011 new iraqi dinar

see detail of 50 dinar bill

However, the Treasure does say it did an initial currency swap with Iraq to fund their government and Ministries...

Exactly how many dinars were traded is not mentioned, but it does make reference to “billions of U.S. dollars” traded to Iraq.

About two months ago, Iraqi dinars could no longer be purchased; the recent Dodd Frank bill appears to have legislation related to the revaluation of a foreign currency and preventing mass hysteria.

From what I have been able to gather, it sounds like this plan was originally put together by George Bush, **** Cheney, Alan Greenspan, and others years ago as a way for the U.S. government to be repaid (read: get kickbacks) for their efforts in Iraq.

Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1.

If this is even close to true — and the UN allows Iraq to revalue their currency up to USD1: one Iraqi dinar — the U.S. government would stand to profit in trillions... as would anyone else who speculated on the dinar over the years.

Bush’s statement, “This is a war that will pay for itself,” will be true 10 times over.

Check out how the House of Saud got taken for $267 billion of their own crude oil.

[wbuse984]

Interesting

[RodandStaff]

What? How did you get a 2 tier cash out out of that article? The article said that the United States traded Dollars for Dinars back in 2003 at a rate of 4,000 dinars to 1 dollar. Claims that the US holds 4 trillion dinar. They also said that if the UN allows Iraq to RV to 1 IQD to 1 dollar then the US stands to make 4 trillion dollars off their holdings. No where does it indicate that there will be a 2 tier cash out system.

Ya think some folks have dark colored glasses and so only see what they want to see? Just wondering! Go RV Already Baby!!! (ummm.. my shades are there cause our future is so bright!) Thanks for the post.

Edited July 21, 2011 by RodandStaff

[Luigi1]

What? How did you get a 2 tier cash out out of that article? The article said that the United States traded Dollars for Dinars back in 2003 at a rate of 4,000 dinars to 1 dollar. Claims that the US holds 4 trillion dinar. They also said that if the UN allows Iraq to RV to 1 IQD to 1 dollar then the US stands to make 4 trillion dollars off their holdings. No where does it indicate that there will be a 2 tier cash out system.

I purchased my first 2 million ID in June 03 in Kuwait City at Bank of Kuwait & Kuwait Int'l Airport FOREX when it first became available to the general public. Nobody got 4,000 ID to the dollar, nobody. The official rate was 1308 to the Dollar, then. I still have the original exchange transactions as IRS proof when I cash in as long term taxed investments at 15%. It stayed at this rate for almost a year & slowly gained to today's rate up till arounf 2006. From 2006 to present, no change, just flatlined.

[uncs]

I would not be supreised if we see more and more articles like this. I remember being in the chat room several months ago and a guy came on there from the wall street journal and was asking a bunch of questions. Should get interesting soon

[Sage449]

Question - will our off-shore accounts allow us to get the higher rate and not the dumbdown US rate?