possum Posted August 4, 2011 Report Share Posted August 4, 2011 First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi Dinar), that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI (Central Bank of Iraq) in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. Read More button on right How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI (Government of Iraq) actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: ■DFI (Development Fund for Iraq) Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. ■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. ■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: ■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 ■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. ■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 ■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” ■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming -- Possum is grinning ear to ear as momma congrat's him on sharing this knowledge. 19 8 Link to comment Share on other sites More sharing options...
WowLewi Posted August 4, 2011 Report Share Posted August 4, 2011 Seen this before but it's good to see it again... it's also a great argument against the lopsters... If indeed it is true. It seems as if the Possum is doing business today... HMMM... Must be partied out. Thanks for the post... good food for thought! Link to comment Share on other sites More sharing options...
cajunrescuemedic Posted August 4, 2011 Report Share Posted August 4, 2011 Possum...we must get together and party post RV. GO RV !!! Link to comment Share on other sites More sharing options...
mws Posted August 4, 2011 Report Share Posted August 4, 2011 Possum, Possum, Possum. What ever you just wrote kind of blew me away. Not used to that kind of post from you. It all sounds good, and makes sense on paper. Hope it comes to lite. Thank you. great post. IMO P.S. Tell momma she is feeding you the right liquid. Link to comment Share on other sites More sharing options...
TennesseeCherokee Posted August 4, 2011 Report Share Posted August 4, 2011 Possum did not write this.......Don't be fooled folks......His cornbread is not done enough to figure any of this out ! 5 2 Link to comment Share on other sites More sharing options...
jbbdolphins Posted August 4, 2011 Report Share Posted August 4, 2011 Possum: always knew there was more "upstairs" than just momma... Link to comment Share on other sites More sharing options...
krome2ez Posted August 4, 2011 Report Share Posted August 4, 2011 Seen this before but it's good to see it again... it's also a great argument against the lopsters... If indeed it is true. It seems as if the Possum is doing business today... HMMM... Must be partied out. Thanks for the post... good food for thought! Yep, seen it before. Verbatim. Still luv ya possum! 3 2 Link to comment Share on other sites More sharing options...
Crow Posted August 4, 2011 Report Share Posted August 4, 2011 Ah a repeat.. But a good one!!! Crack open the jug of mamas best labeled with XXX AND ENJOY!!!! Link to comment Share on other sites More sharing options...
DayTrader Posted August 4, 2011 Report Share Posted August 4, 2011 >>>>>>POSSUM FOR SENATE! <<<<<< 1 1 Link to comment Share on other sites More sharing options...
umbertino Posted August 4, 2011 Report Share Posted August 4, 2011 Quote Possum, Possum, Possum. What ever you just wrote kind of blew me away. Not used to that kind of post from you End Quote Infact it's not his original stuff. Same post appeared already 5-6 times on this Forum... Nothing wrong with it... Just for clarity. Link to comment Share on other sites More sharing options...
brbrlocke Posted August 4, 2011 Report Share Posted August 4, 2011 I've been wondering where you were Possum....Tell Momma Hi. Link to comment Share on other sites More sharing options...
ThePeoplesChamp Posted August 4, 2011 Report Share Posted August 4, 2011 POSSUM IS AWESOME!!! 2 2 Link to comment Share on other sites More sharing options...
mws Posted August 4, 2011 Report Share Posted August 4, 2011 Umbertino, I kind of figured that out after other posts. I haven't been here that long. 1st time i have seen it, but thanks for clarifying it also. Link to comment Share on other sites More sharing options...
MikeRite Posted August 4, 2011 Report Share Posted August 4, 2011 What's a Possum? Link to comment Share on other sites More sharing options...
10Kdiamond Posted August 4, 2011 Report Share Posted August 4, 2011 Didn't I see this on another site . . . posted by CIA on 8/2/11? Always good to read and reread. Gets the point across. Link to comment Share on other sites More sharing options...
stonecold555 Posted August 4, 2011 Report Share Posted August 4, 2011 WOW IS POSSUM AND BONDLADY THE SAME PERSON???????? Thet both wrote the same thing word for word....so who's on 1st? 1 Link to comment Share on other sites More sharing options...
nointel Posted August 4, 2011 Report Share Posted August 4, 2011 What's a Possum? well if he isn't fast enough crossing the road or stares into the headlights a little too long.......roakill 1 Link to comment Share on other sites More sharing options...
deerslayer Posted August 4, 2011 Report Share Posted August 4, 2011 Tell this to Iraq !! Link to comment Share on other sites More sharing options...
krome2ez Posted August 4, 2011 Report Share Posted August 4, 2011 POSSUM IS AWESOME!!! Especially fried, served with some tators on the side. Mmmm....mmmmm!! Link to comment Share on other sites More sharing options...
cisole Posted August 5, 2011 Report Share Posted August 5, 2011 1 Link to comment Share on other sites More sharing options...
smee2 Posted August 5, 2011 Report Share Posted August 5, 2011 This article may indeed by from someone and somewhere else. But thankt so Possum for bringing it to us. If he has enough vrain cells strill firing to realize how good it is he is still well worth having around! Goooooo Posssssuuuum! smee2 Link to comment Share on other sites More sharing options...
flboy Posted August 5, 2011 Report Share Posted August 5, 2011 Possum, where have you and Okie been holed up? Why did you come out of the woodwork with a post I have seen several times? Anyway, good to know you are still rooting around at the bottom of the food chain. Get us some good honest Intel from your outstanding sources. Be careful on D.V, the Pink Piggy will be watching you, you do not want the Pink Piggy on your case. Go R.V. 1 Link to comment Share on other sites More sharing options...
Linda Posted August 5, 2011 Report Share Posted August 5, 2011 Possum, was that really you? really? Down to business today my friend...thank you sir... Link to comment Share on other sites More sharing options...
Artitech Posted August 5, 2011 Report Share Posted August 5, 2011 bondlady is mama possum Link to comment Share on other sites More sharing options...
possum Posted August 5, 2011 Author Report Share Posted August 5, 2011 Possum did not author the verses of wisdom but merely shares what the voices told him. 3 1 Link to comment Share on other sites More sharing options...
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