EXOGEN: Tom Henegan: The House of Cards Unravels
robert > EXOGEN April 20, 2015 The point that the drachma will be backed with gold is the key to this all unravelling imo for the start of major currency revalualations.
Dave > robert Good morning Robert. Yes this timing of Greece is interesting, along with Iraq. Let the dominos fall!!
robert> Dave Morning bro just seemed interesting when mention backing it with gold maybe plan b starting catalyst for the others as usa not shifting with reforms, time to just get this done as they have had enough time.
Dave> robert Agreed
G T April 20, 2015 at 9:39am
FOREX-Aussie buoyed by China stimulus; Greece jitters weigh on euro
Mon Apr 20, 2015 1:26am EDT
SINGAPORE/SYDNEY, April 20 (Reuters) - The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors.
robert April 20, 2015 at 9:47am Guys i only see positive news here this morning especially if greece goes asset backed with the drachma ,dont you think this will be the start of plan b on revaluing currencies with there assets ,it looks clear enougth that the usa reforms will be bypassed and this will be the start of your asset backed currencies.:)
Thunderheart > robert April 20, 2015 at 10:08am Absolutely! That's great news. I'm so happy for them to get out from under the Euro. Now they can start to rebuild their country to it's original magnificence.
Jon B.April 20, 2015 at 10:17am
4-20-15 Millionday: Article quotes: "Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account..." "The government is facing a deficit of $25 billion in the current year's budget..."
THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR. THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---AS WELL AS THE INTEREST ON THE FOREIGN LOANS.
THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL -- THEY NEED >>NO<< EXTERNAL BORROWING -- WHOOOPOW. [Is not the deficit 25 Billion (USD)?] IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR. ISNT THAT STRANGE? SMILE
damjan April 20, 2015 at 10:55am New info from Benjamin Fulford...
The UNITED STATES OF AMERICA CORPORATION based in the Washington D.C. extra-territorial enclave inside the Republic of the United States of America failed to make a payment on March 31st and was given until April 17th to come up with the goods but was unable to, according to Chinese government and CIA sources. For that reason the US corporate government has gone bankrupt, the sources say. However, the folk in Washington do not plan to go quietly and are still fighting to survive.
This can be confirmed in the corporate propaganda and government news wires around the world in reports about the Washington IMF/World Bank meetings that ran from April 16-18. The news reports to the general public do not mention the word bankruptcy but rather say things like 19 out of the 20 so-called G20 countries are angry that the US will not give up its veto over the World Bank and IMF. In other words the US government has been publicly repudiated by leaders of 19 out of the 20 top economies.
The current US situation reminds of an old joke my mother told me about a woman watching a military parade and shouting proudly “look my son is the only one marching in step.”
Underneath the surface too, there is a lot of spy movie type subterfuge going on involving high denomination bonds, identity theft, murder and secret negotiations as various players jockey for position in the emerging new financial system.
The rest is for paid members only………
Iko Ward: Forex opened and closed like a scared clam this morning. Already back to 1164. Tells me they don't expect much action today. Might be a good thing.definitely unusual.
Imaginary2: Iko that good for a RV?
Iko ward: Imaginary, all Forex is doing is gauging what the big institutional trades might be for Dinar. I wouldn't look to as a huge indicator yet, more like another gurus opinion. the fact that no one is reading this morning is interesting, but so is Terry K post and all the rest…. Reading means trading.
Apalloosa: OK - lets stay focused on what we know that has happened......the progress we know has been made ....... the progress that has slowly moved us in the right direction.......the progress that can only mean an Ri/RV in the very near future. REFOCUS
Uenvoy: You all know that 90% of all Iraq'a currency changes happen at the end of their finanicial year in April.. 28th through the 30th.. but I am hoping for sooner.. but looking at the 30th..
Walkingstick » April 20th, 2015, 9:58 am
Monday, 20 April 2015, 04:27 GMT
The Iraqi Central Bank and the Iraqi Dinar
What are the dangers facing the Iraqi dinar? What has the Iraqi Central Bank (ICB) been doing to stabilize the value of the unstable Iraqi dinar? What has Kurdistan got to do with all of this?
It seems to be an economic peril that the value of the Iraqi Dinar has fallen considerably compared with the US dollar. What are the reasons behind this?
The huge drop in the price of crude oil to around $55 for light crude oil, and the recent gains in the US dollar currency, coupled with the recent political situation in the fight against the Islamic State are some of the main factors that have led to the fall in the value of the Iraqi Dinar.
It is estimated that the ICB has reserves in excess of $60 billion dollars.
In order to maintain the stability of the Iraqi dinar currency, the ICB has been putting large sums of US dollars into the Iraqi market so that by increasing the supply of the dollar its value would become lower; inversely the value of the Iraqi Dinar would go up.
A simple supply and demand law!
The stability of an economy depends on the stability of its currency. That's what seems to justify the ICB continuing to hold big reserves of US dollar currency at a time of economic woes.
Until this moment, the Kurdistan Region is using the Iraqi Dinar as its currency in addition to the US dollar as a secondary currency.
Therefore, the stability of the Kurdistan economy depends on the stability of the Iraqi Dinar.
One remembers with some worry the collapse of the German economy shortly after the First World War when the German currency fell drastically in value.
The Weimar Republic government printed paper money in big amounts and as a result inflation rates in Germany catapulted, ultimately leading to the collapse of the German economy and hyper inflation which paved the way for the Nazi Government to take over and enforce a command economy.
Such an example shows what happens to an economy if preventative measures are not enforced during a time of crisis especially the one that is facing Iraq and the Middle East at the moment.
jdtolle: April 20th, 2015, Allow and accept
Allow the beauty and allow the challenge. Allow the frustration and allow the joy.
Allow the time and people and places and events to come into your life. And allow them to go peacefully on their way.
Allow the ideas, the actions, the creative thoughts and even the disconcerting ones. Accept what happens, and accept that there’s a positive way forward no matter what.
Accept the praise and the criticism of others, allowing yourself to grow stronger and more compassionate as a result. Allow yourself to be inspired and energized by life as it is, however it may be.
Allow the certainty, the confusion, the harmony and the dissonance. Allow what you love and what you do not yet love.
Allow yourself to be, in this unique and magnificent moment. Feel the full power of existence, feel the goodness that is possible, and allow it to come to life.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so.
-- Yogi Berra