Revaluation of the IQD: the Trigger Meisters

[ArtistsandWriters]

For ages, now, I have been trying to gently and diplomatically advise everyone not to look to Baghdad for the RV triggers, but, rather, to Washington—specifically, the International Monetary Fund (IMF) and its Special Drawing Rights Partners (only four left, now); i.e., the American dollar, the British pound Sterling, the Japanese yen, and the Continetal euro. Most of us simply do not realize how powerful these guys really are. If the IMF is the Creature of Bretton Woods, then the SDRP’s are the Creatures of the IMF. Since 1969, they have called the shots, because virtually all of the world’s currencies of the industrialized nations north of the equator are indexed to the (now) dollar-pound-yen-euro consortium.

When the conditions have presented themselves such that the IMF is willing to act favorably upon them, then, and only then, will they pull the trigger on the revaluation of the IQD. Even the euro syndicate cannot act alone, for example, on the recent Greek bailout.

Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading today after a source said the European Union and International Monetary Fund will NOT release an 8 billion euro payment to Greece until after its planned referendum. Adding to market uncertainty, the U.S. Federal Reserve cut its forecast for economic growth, even as it earlier kept monetary policy steady.

This all happened because of what the IMF said and did—and nothing else. Another way of looking at it is trying to get a rezoning for a building permit without the blessings of the fire department. The fire guys have the last word.

The guys and gals of the IMF are the “fire guys” of the world's currencies.

[IchDien]

This is likely true, but this assumes that Iraq plays by the rules and doesn't decide to do as they wish.

[Kimberlye]

Hey Artist,

With no knowledge of my own to back this up, I would have to agree with you. It seems to run with the conspiracy theorists, but it's not a far stretch, IMO. So.... let's say, just for grins, that the IMF are the ones that could make an RV of the IQD happen, what could be the reasons that the IMF would stall? I wouldn't think they would care if the troops are out of Iraq or if the government is formed in Iraq or even Chapter VII ........... or do they? Again, why would they stall for this long? This is definitely one of the posts that make you go Hmmmmmmmmmmmm

Kimberlye

[ArtistsandWriters]

IchDien:

You've hit on it. The only way that the new IQD could revalue without that sprinkle of holy water from the IMF would be for another Saddam to show up in the Euphrates Valley and arbitrarily set the exchange rate. The very last exchange rate before Gulf War II was $3.00/IQD1.00.

Kimberlye:

The Gnomes of Washington couldn't care less what happens to our troops or why. War is good business for them, because they are, in effect, the banking financiers of America's seemingly-endless war footing. War is a by-product of the arts of peace and we will continue to prosecute war until it no longer remains profitable.

The most menacing political condition is a period of international amity for it merely lays the foundation for the next war for the banksters to benefit. War is the means whereby non-productive consumers are eliminated (along with a few productive ones, as well, but who’s counting?); and a means of getting the people to transfer more of their individual power to those scoundrels, scalawags and skullduggery artists in Washington—the same guys who just so happen to be in our lawful employ. Peace in international affairs (sic), on the other hand, is simply a period of committing adultery between two opposing periods of neighborhood violence—the bane of all the world’s banksters, as this is the one time that independent nations are least in need of their “services”.

The best-kept secret in town is that the IMF has already determined when they will acquiesce to an RV or not. The UN (United Nitwits) and their red-herring, Chapter VII sanctions against Baghdad are just an annoyance to draw our attention away from what is really happeneing down south in the District, instead. This decision was already made ages ago.

Edited November 2, 2011 by ArtistsandWriters

[ArtistsandWriters]

Does anyone believe at all that the Special Drawing Rights Partners of the International Monetary Fund in Washington, DC will ultimately determine if and when the revaluation of the New Iraqi Dinar will transpire? I would have thought that this may have piqued a bit more interest than it has from yesterday's creation of this particular thread, because I am absolutely convinved that this is how it will go down, notwithstanding any of the IMF's future denials to the contrary. They do a lot of that, you know.

Anyone?

Edited November 3, 2011 by ArtistsandWriters

[FreckledFuzz]

The WOCU currency basket gets reassessed 3rd Thursday of November.

People of WOCU sent out a very cryptic Tweet yesterday about a currency run by 2 States.... but was being interfered with bby 'Youracracies'

[ArtistsandWriters]

FreckledFuzz:

Now THAT was a useful response.

I had completely forgotten that fifteen years ago, even the then-seven to- nine Special Drawing Rights Partners of the IMF had "determined" that it was too much for just them and them alone, and that what they did, in effect, was to create a new World Central Bank with one uni-currency. Andrew Jackson understood full-well the dangers of a centralized bank, which is why he refused to renew the Charter for the Second Bank of the United States in 1836. We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways. That Second Bank building of 1836, however, still stands today in Philadelphia—and as an abandoned derelict.

The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough, but this WOCU frightens me. "Put me in control of the world's money supply and I care not who makes the laws", said Mayer Amschel Rothschild—and just before he availed himself of his Great Reward in 1812. His forecasted aphorism of 200 years ago is now coming to pass.

As a currency trader on the side, I could always rely on one scandal or another when the world's top, manipulating little currency gnomes would be caught shifting the shell game. Long as the bad guys were in competition with one another, I could always go to the bad guy who was on top. I know this sounds to be a bit cynical, but I'd rather deal with twelve gangs in the same city than one mega-gang with the ultimate power of life and death over the entire state.

If the WOCU gets its way, it will make what just happened in Greece and Oakland look like days at the beach.

I'm glad I'm in the mountains.

[pudge]

FreckledFuzz:

Now THAT was a useful response.

I had completely forgotten that fifteen years ago, even the then-seven to- nine Special Drawing Rights Partners of the IMF had "determined" that it was too much for just them and them alone, and that what they did, in effect, was to create a new World Central Bank with one uni-currency. Andrew Jackson understood full-well the dangers of a centralized bank, which is why he refused to renew the Charter for the Second Bank of the United States in 1836. We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways. That Second Bank building of 1836, however, still stands today in Philadelphia—and as an abandoned derelict.

The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough, but this WOCU frightens me. "Put me in control of the world's money supply and I care not who makes the laws", said Mayer Amschel Rothschild—and just before he availed himself of his Great Reward in 1812. His forecasted aphorism of 200 years ago is now coming to pass.

As a currency trader on the side, I could always rely on one scandal or another when the world's top, manipulating little currency gnomes would be caught shifting the shell game. Long as the bad guys were in competition with one another, I could always go to the bad guy who was on top. I know this sounds to be a bit cynical, but I'd rather deal with twelve gangs in the same city than one mega-gang with the ultimate power of life and death over the entire state.

If the WOCU gets its way, it will make what just happened in Greece and Oakland look like days at the beach.

I'm glad I'm in the mountains.

"We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways."

Uh...did you forget the banking panics of 1837, 1839, 1947, 1861, 1864, 1873, 1893 and 1907? During the 'free' banking era of 1837 to 1862 the average lifespan of any bank was 5 years and 70% of them failed. From 1864 to 1913 was the National Bank Era, which tried to solve the problems of the free banking era by shoving State Chartered banks aside with heavier regulation but with no appreciable results, until the great panic of 1907 ushered in the creation of the Federal Reserve system.

These two banking eras from 1937 to 1913 was completely chaotic with consistent growth/panic cycles, bank failures and a severe shortage of capital. (gold standard) Hardly fat, happy and free.

"The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough

A completely ignorant, conspiratorial originated comment.

The four main components of the 'Federal' Reserve System are (1) the Board of Governors, (2) the 'Federal' Open Market Committee, (3) the twelve regional 'Federal' Reserve Banks, and (4) the member banks throughout the country.

The seven-member Board of Governors is a 'federal 'agency. It is charged with the overseeing of the 12 District Reserve Banks and setting national monetary policy. It also supervises and regulates the U.S. banking system in general. Governors are appointed by the President of the United States and confirmed by the Senate for staggered 14-year terms. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.

In other words, very Federal. There are also several private corporation characteristics about the FED (i.e., its member banks).

Any profit made by the FED for its operations are returned to the US Treasury.

No reserves? You're kidding right? The Federal Reserve is the ultimate reserve and lender of last resort for commercial banks who cannot borrow from another commercial bank. Remember TARP? Quantitive easing? The Fed can auction as many TBills as it feels necessary thru the Federal Open Market Operations.

Put down the 'The Creature from Jekyll Island Novel". I like Ed Griffin, even had dinner with him once. But he's way out of bounds

Edited November 3, 2011 by pudge

[IchDien]

The WOCU currency basket gets reassessed 3rd Thursday of November.

People of WOCU sent out a very cryptic Tweet yesterday about a currency run by 2 States.... but was being interfered with bby 'Youracracies'

So...I read this to mean or indicate that the IQD will RV about the third week of Nov then, about Thanksgiving then. That's about the time that Adam said he thought it would, which I tend to agree with, at least with regard to the schedule.

[IchDien]

FreckledFuzz:

Now THAT was a useful response.

I had completely forgotten that fifteen years ago, even the then-seven to- nine Special Drawing Rights Partners of the IMF had "determined" that it was too much for just them and them alone, and that what they did, in effect, was to create a new World Central Bank with one uni-currency. Andrew Jackson understood full-well the dangers of a centralized bank, which is why he refused to renew the Charter for the Second Bank of the United States in 1836. We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways. That Second Bank building of 1836, however, still stands today in Philadelphia—and as an abandoned derelict.

The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough, but this WOCU frightens me. "Put me in control of the world's money supply and I care not who makes the laws", said Mayer Amschel Rothschild—and just before he availed himself of his Great Reward in 1812. His forecasted aphorism of 200 years ago is now coming to pass.

As a currency trader on the side, I could always rely on one scandal or another when the world's top, manipulating little currency gnomes would be caught shifting the shell game. Long as the bad guys were in competition with one another, I could always go to the bad guy who was on top. I know this sounds to be a bit cynical, but I'd rather deal with twelve gangs in the same city than one mega-gang with the ultimate power of life and death over the entire state.

If the WOCU gets its way, it will make what just happened in Greece and Oakland look like days at the beach.

I'm glad I'm in the mountains.

You spouting some of the conspiracy theory ideas about a one world government, one world currency and so forth. That may happen some day, but since people in the same city can't agree on anything, I don't see a one world anything working out anytime soon, certainly not within the next hundred years or more.

[ArtistsandWriters]

Pudge,

In addition to being a currency trader, which I have done off and on for about thirty years, now, I am also a monetary realist. Monetary realism and its tumultuous history has been so much a passion of mine that I am now in the seventh and final draft of my 196-page treatise on it titled, Is it Live or is it Moneyrex? The one thing of which you can rest assured is that I know precisely what I am talking about and that I have probably forgotten more about this particular subject matter than most bankers think they know.

When Andrew Jackson exterminated the Second Bank of the United States in 1836, he said the following to its bankers: “You are a den of vipers, all of you! I intend to rout you out, and, by the Eternal God in Heaven, I will rout you out! If the people only understood the rank injustice of our money and banking system, there would be revolution before morning”. Immediately afterwards, the Bank of England “threw out” all the security, bonds and other financial paper based in the United States, precipitating the Panic of 1837—our very first. It was from then on, and precisely because of continued government meddling, that America suffered the throes of a series of panics ending with the very last Panic of 1907. Six years later, the so-called “Federal Reserve” was created, and sixteen years after that, America was hit with the worst “panic” of all: the Great Depression.

I am all-too painfully aware of the infrastructure of the Federal Reserve. The “Federal” Reserve is actually a private corporation (not federal), representing the globe’s highest order of organized misconduct. Creators of credit needed for world wars, foreign “police actions”, and financiers of world socialism, they are quasi-government counterfeiters who “reserve” the right to plunder us with worthless paper, credit and perpetual debt. Subsequently, they quietly transferred almost all your gold and mine from its rightful resting place at Fort Knox, Kentucky to the Federal Reserve Gold Depository at 33 Liberty Street, New York, New York. It is the Third Bank of the United States, the first two of which were exterminated by prudent wisdom in the nineteenth century.

“The Creature from Jekyll Island”, as you seem to call it, became an unconstitutional reality (Article I, Section VIII, paragraphs 5&6) on the evening of December 23, 1913. To Thomas Woodrow Wilson’s everlasting credit, he, at first, gallantly stood up to the Money Trust and positively refused to endorse the Federal Reserve Act. He knew that it was unconstitutional and just plain wrong. Shortly afterwards, however, Bernard M. Baruch—America’s most infamous, powerful and vicious corporate gangster at the time—angrily stormed into Wilson’s workplace, physically grabbed the President by the nape of his neck, slammed his face down onto his very own desktop in the Executive Office, and then terrorized him into signing it into law. This is precisely how things really went down that day—literally. After all, it was almost Christmas Eve, so Baruch just figured he’d give Wilson an early present. This wasn’t in my US history book, either. We were as scary a country then as we are now; the people just didn’t know it.

Wilson remorsefully reflected before he finally died eleven years later in 1924, “I have unwittingly ruined my country”.

You need to read up a bit more before even thinking about launching into guys like me.

[pudge]

Pudge,

In addition to being a currency trader, which I have done off and on for about thirty years, now, I am also a monetary realist. Monetary realism and its tumultuous history has been so much a passion of mine that I am now in the seventh and final draft of my 196-page treatise on it titled, Is it Live or is it Moneyrex? The one thing of which you can rest assured is that I know precisely what I am talking about and that I have probably forgotten more about this particular subject matter than most bankers think they know.

When Andrew Jackson exterminated the Second Bank of the United States in 1836, he said the following to its bankers: “You are a den of vipers, all of you! I intend to rout you out, and, by the Eternal God in Heaven, I will rout you out! If the people only understood the rank injustice of our money and banking system, there would be revolution before morning”. Immediately afterwards, the Bank of England “threw out” all the security, bonds and other financial paper based in the United States, precipitating the Panic of 1837—our very first. It was from then on, and precisely because of continued government meddling, that America suffered the throes of a series of panics ending with the very last Panic of 1907. Six years later, the so-called “Federal Reserve” was created, and sixteen years after that, America was hit with the worst “panic” of all: the Great Depression.

I am all-too painfully aware of the infrastructure of the Federal Reserve. The “Federal” Reserve is actually a private corporation (not federal), representing the globe’s highest order of organized misconduct. Creators of credit needed for world wars, foreign “police actions”, and financiers of world socialism, they are quasi-government counterfeiters who “reserve” the right to plunder us with worthless paper, credit and perpetual debt. Subsequently, they quietly transferred almost all your gold and mine from its rightful resting place at Fort Knox, Kentucky to the Federal Reserve Gold Depository at 33 Liberty Street, New York, New York. It is the Third Bank of the United States, the first two of which were exterminated by prudent wisdom in the nineteenth century.

“The Creature from Jekyll Island”, as you seem to call it, became an unconstitutional reality (Article I, Section VIII, paragraphs 5&6) on the evening of December 23, 1913. To Thomas Woodrow Wilson’s everlasting credit, he, at first, gallantly stood up to the Money Trust and positively refused to endorse the Federal Reserve Act. He knew that it was unconstitutional and just plain wrong. Shortly afterwards, however, Bernard M. Baruch—America’s most infamous, powerful and vicious corporate gangster at the time—angrily stormed into Wilson’s workplace, physically grabbed the President by the nape of his neck, slammed his face down onto his very own desktop in the Executive Office, and then terrorized him into signing it into law. This is precisely how things really went down that day—literally. After all, it was almost Christmas Eve, so Baruch just figured he’d give Wilson an early present. This wasn’t in my US history book, either. We were as scary a country then as we are now; the people just didn’t know it.

Wilson remorsefully reflected before he finally died eleven years later in 1924, “I have unwittingly ruined my country”.

You need to read up a bit more before even thinking about launching into guys like me.

Yes, I was as you are. Knee deep in money theory, blasting the FED, yearning for the gold standard. Suffice to say it wouldn't matter what kind of monetary system we have. There will always be a few that control it. It's true I have forgotten much about it and thankfully so. It was a complete waste of my time and I was outlandishly mistaken. Reviving the gold standard would be impossible and more ruinous to us than our system already is. That's why we got off the gold standard in the first place cause all of our gold was leaving the country thru currency trading. The FED does an admirable job considering it has to forecast blind what the economy may do and then set monetary policy thru the Open Market operations. I don't believe you have a clear understanding what the FED actually does on a day to day basis and how impossible it would be to survive without it. With or without government regulation our banking history is a mess and the FED has brought a measure of stability and consistency.

I am not the least bit intimidated by guys like you

[ArtistsandWriters]

Pudge,

As I said, it's my passion.

[fancy]

The more research I do on this investment, the more I uncover. I agree with what you are saying. Clearly there is a lot more to all of this than what most people believe or think.

[DinarDana]

Thank you Pudge and ArtistandWriters I was looking for something interesting, challenging and exciting to read before retiring for the day. This is a great debate of ideas and lessons in history. There is a lot to learn about the history of the USD, meanwhile we sit and wait while history is being made regarding the Iraqi Dinar. In order for all of this to take place, there is blood on many people's hands. Have a great Friday.

[ArtistsandWriters]

DinarDana:

That really is the unfortunate thing about this whole terrible business.

History has shown that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain control over governments by controlling the money supply and its issuance. The money powers prey upon the several nations of the world in times of peace and conspire against them in times of adversity. They denounce as public enemies all who question their methods or throw light upon their crimes.

Yes, BLOOD—lots of it.

[jmw]

I am all-too painfully aware of the infrastructure of the Federal Reserve. The “Federal” Reserve is actually a private corporation (not federal), representing the globe’s highest order of organized misconduct. Creators of credit needed for world wars, foreign “police actions”, and financiers of world socialism, they are quasi-government counterfeiters who “reserve” the right to plunder us with worthless paper, credit and perpetual debt. Subsequently, they quietly transferred almost all your gold and mine from its rightful resting place at Fort Knox, Kentucky to the Federal Reserve Gold Depository at 33 Liberty Street, New York, New York. It is the Third Bank of the United States, the first two of which were exterminated by prudent wisdom in the nineteenth century.

You need to read up a bit more before even thinking about launching into guys like me.

The Federal Reserve districts are set up as corporation....yet they are owned by the member banks in their respective districts...not by the boogie man. Pudge is correct...it isn't perfect but it isn't destroying our country either.

[ssmith]

"We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways."

Uh...did you forget the banking panics of 1837, 1839, 1947, 1861, 1864, 1873, 1893 and 1907? During the 'free' banking era of 1837 to 1862 the average lifespan of any bank was 5 years and 70% of them failed. From 1864 to 1913 was the National Bank Era, which tried to solve the problems of the free banking era by shoving State Chartered banks aside with heavier regulation but with no appreciable results, until the great panic of 1907 ushered in the creation of the Federal Reserve system.

These two banking eras from 1937 to 1913 was completely chaotic with consistent growth/panic cycles, bank failures and a severe shortage of capital. (gold standard) Hardly fat, happy and free.

"The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough

A completely ignorant, conspiratorial originated comment.

The four main components of the 'Federal' Reserve System are (1) the Board of Governors, (2) the 'Federal' Open Market Committee, (3) the twelve regional 'Federal' Reserve Banks, and (4) the member banks throughout the country.

The seven-member Board of Governors is a 'federal 'agency. It is charged with the overseeing of the 12 District Reserve Banks and setting national monetary policy. It also supervises and regulates the U.S. banking system in general. Governors are appointed by the President of the United States and confirmed by the Senate for staggered 14-year terms. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.

In other words, very Federal. There are also several private corporation characteristics about the FED (i.e., its member banks).

Any profit made by the FED for its operations are returned to the US Treasury.

No reserves? You're kidding right? The Federal Reserve is the ultimate reserve and lender of last resort for commercial banks who cannot borrow from another commercial bank. Remember TARP? Quantitive easing? The Fed can auction as many TBills as it feels necessary thru the Federal Open Market Operations.

Put down the 'The Creature from Jekyll Island Novel". I like Ed Griffin, even had dinner with him once. But he's way out of bounds

Very nice pudge , love your take on a variety of subjects....+1

[pudge]

Thank you Pudge and ArtistandWriters I was looking for something interesting, challenging and exciting to read before retiring for the day. This is a great debate of ideas and lessons in history. There is a lot to learn about the history of the USD, meanwhile we sit and wait while history is being made regarding the Iraqi Dinar. In order for all of this to take place, there is blood on many people's hands. Have a great Friday.

Well thank you DinarDana, haven't had the pleasure, nice to meet you

[Ryves]

Artistsandwriters::: "Monetary realism and its tumultuous history has been so much a passion of mine that I am now in the seventh and final draft of my 196-page treatise on it"

Is a copy of your treatise available? If so, where may we obtain a copy? Thanks....Ryves

[ArtistsandWriters]

Artistsandwriters::: "Monetary realism and its tumultuous history has been so much a passion of mine that I am now in the seventh and final draft of my 196-page treatise on it"

Is a copy of your treatise available? If so, where may we obtain a copy? Thanks....Ryves

Ryves,

I contacted you privately on this request.

Thanks,

Bill G.

[rider460]

This is likely true, but this assumes that Iraq plays by the rules and doesn't decide to do as they wish.

this the correct answer. The INF Has NO Control over anything.

[ArtistsandWriters]

this the correct answer. The INF Has NO Control over anything.

Rider460:

Granted, if a new dictator arrives on the scene, whatever the IMF has to say will have no clout whatsoever; but, so long as there is a Maliki or his kind, and completely dependent upon the West, whatever the IMF says, goes.

Edited November 5, 2011 by ArtistsandWriters