Another Perspective on the RV Timing – Chase Carlton - www.dinardate.com
This is a short post, compared to the dozens and dozens of articles that it draws on, to advance a point for consideration. This is not intended to be a controversial post and it might ruffle some feathers.
For anyone that follows the host of International investing and currency newsletters and publications you are no doubt aware that the subject of the Iraqi dinar does not appear as frequently as the Vietnamese Dong, which hardly appears at all.
What you have read about - is the currency war being waged. You will also read about weak economies, government debt and capital controls being imposed. The sounds of war are various Central Banks running their printing presses non-stop. Actual military conflicts are not the real war but rather diversions for the public.
What more and more non-governmental economic experts are predicting is some form of economic meltdown. A meltdown because the Euro, the Dollar, the Yen, the Yuan and other key fiat currencies are being devalued and the economies they represent are not on the road to recovery despite the sound bites in mainstream media.
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Bernanke, who testified to Congress that gold is not money, is likely stepping down this year. There is increasing speculation that in the event of a currency(s) meltdown, someone who is very politically astute in the International theatre will be needed. The names being mentioned are either Yellin or Geitner.
So think for a moment about the various reasons for the delays and all you have heard about the control of the RV being out of Iraq’s hands. Consider that the IMF wants to go to a single world currency (SDR’s) versus baskets of currencies.
Read about all the experts’ recommendations to exit the stock market and get into precious metals and or key commodities and how pensions are at considerable risk in the US.
The warnings and articles are everywhere – if you are looking beyond the latest Iraqi article. The smart cautious money is following these global recommendations. How does this relate to the timing of the RV?
Simple really, the central bankers are printing funny money with governmental blessings- created from thin air and electronic digits. This money represents mountains of debt too big to understand.
It no longer has any basis in assets, productivity or is even producing economic growth. In reality the various stimulus and bailout measures have Not produced the desired results.
Start looking for one of the major currencies to falter. The Pentagon did not have James Rickard design and participate in Currency War Games (a historic first) because they didn’t believe in the current currency war.
His book and Stockman’s , both make a clear case that the stage is already set for breakdown. Moving to asset backed currencies on a worldwide basis will incorporate the Iraqi dinar, the Vietnamese Dong and the rest. It is a giant chess match to reduce governmental debt.
Future taxes, benefits and much of your private accumulated savings hang in the balance.This is a giant struggle for power, domination, control of the economic system and how it will function.
The Iraqi dinar is one card in a much larger hand. How and when the rest of the cards will be dealt and played - is the world poker match already underway. Think about it for a few minutes and forget your emotional preference for an RV right now.
How many hundreds of dates and reasons for when or why the RV would happen – have come and gone? Look at the unfolding global economic struggles.
It may be a bigger challenge to understand what is happening on the global economic scale but it will produce a great deal more insight about timing then trying to figure out why Maliki is still in power and since he is pro RV, why the RV hasn’t happened for years.
This view may distress people because it likely removes the “tomorrow” factor to some degree. However, trying to force only Iraqi events into being the cause/explanations for the repeated failures of the RV to materialize as predicted, causes you major stress as well.
The good news, about looking at the international currency/economic scene, is you have the opportunity to learn about likely events, problems and solutions. This allows you to plan and take action to protect your assets and invest for the future.
For those that want documentation to support this perspective it will be found in another post that will be on www.dinardate.com Don’t take my word for this viewpoint draw your own conclusions. Read twenty or thirty articles from experts and best-selling authors in the world of International finance.