RE: BACKDOC-“The Race” LINK
MilitiaMan: The race to the Big W? lol This is something that stands out to me over time.. I am not fully privy to your studies obviously, however, I do follow along with you for years now it seems and agree with you on many things. I believe the new" Digital Reality" will in fact unfold and probably be along the lines you describe and ones you are leaving let be now for sensitivity issues.
The thing I get from following along is that we will see more adjustments to currencies from here on out until the dust settles somewhat later next year. Some will go up and some are clearly headed south, as noted by the looney, the pound, euro, etc.. Parity with the latter two is underway, eos.
The recent dollar strength is short lived, just as, the recent decline in gold and silver prices are as well. I do believe that interest rates will be more market driven in the future and the timing of them (USFED) holding out as long as possible to increase them, is due to the debt servicing on 20+ trillion was not an affordable choice, yet.
Now that there is reconciliation in the air of Iraq, laws in place, budget ready for the grand show, Mosul edited, lower denoms expected, etc.. It appears now the UST feels comfortable with what they hold in reserves to off set any pain associated with an increase in debt servicing cost for the USA debt to now be able to service the debt once the international rate of the IQD/IQN is issued internationally..
A rate change is coming to Iraq.
What it will change to is the multi million dollar question. If I read you and this board right, clues given from articles; an increase in the Iraq exchange rate is inevitable and that could start this year and it could be even more profound later on toward the end of the first quarter of 2017.
Thus, caution is in order at present with a rate change of any size. We have been told that if the scenario is a 1:1 start we should all have plenty of time to pay close attention to things. As I for one will be retired out the gate, as I know it now anyway, and I will be with plenty of free time to study and learn even more. Thanks Doc!
"WITH THESE ELEMENTS IN THE MIX YOU MIGHT BEGIN TO FIGURE OUT WHY WE WILL SEE SERIOUS CURRENCY MOVES BEFORE THE NEW REALITY IS INTERNATIONALLY RELEASED! " ~Backdoc
BTW, For those that may or may not know. That latest rally in gold from $1,050 oz to about $1,368 oz, and since it has slid back to present $1,200 +-, gold got that rally (imo) from an increase in a so called interest rate hike of "up to .25%" (lip service).
My point is that when real interest rates rise, the dollar will fall and gold will explode up to new all time highs over the next 1-2 years. Gold put in a double bottom in and around 1999 and 2001. Bull and bear markets run in 17 year or 34 year cycles respectfully. We are right on schedule for a massive run up for gold and a let down in the dollar! imo With a signficant ROI on our investment, it may be prudent to pay attention to the correlations. imo
(Use max chart in the link above and notice that the lower long term trend line (estimate) at $1,050 real close has not been breached. That flag pattern we see is oh so very telling! A five year consolidation is in and when the next move gets it's full force, $2,000 oz is nothing imo..)
Dedar: I just went through the call notes and what hit me was Ray saying:"I think a floating rate is happening over there, as I hear 0.86 to 1.18 there." Last week I had a conversation with DAZ about what the in country rates would have to be before we saw the RV and DAZ mentioned that range. It really looks like we are finally there.
SassyD: Waiter tipped $750 to bring newborn out to meet family in Ireland -- November 23, 2016 -- An Irish waiter at a Houston restaurant was tipped $750 by a mysterious customer who heard about the waiter’s hopes of bringing his baby, due in a few weeks, to see his family. -- http://www.foxnews.com/us/2016/11/23/waiter-tipped-750-to-bring-newborn-out-to-meet-family-in-ireland.html
SassyD: Repo man pays off elderly couple's car, gives it back -- November 23, 2016 -- An elderly Illinois couple has something to be thankful for after a repo man who took their car had a change of heart and helped them get it paid off. -- http://www.foxnews.com/us/2016/11/23/repo-man-pays-off-elderly-couples-car-gives-it-back.html
RTG: Same large BoA was down again today. Two days in a row. http://www.americanbanker.com/news/bank-technology/bank-of-america-suffers-sporadic-teller-system-outages-1092557-1.html
rcookie ...WE HAVE A REPORT FROM YET ANOTHER BANKING FORUM...THIS ONE FROM BEIRUT...ATTENDED BY ALAK...TARIQ & SEC GEN UNION ARAB BANKS...
INT'L FINANCIAL EXPERTS LIKE SHAMMARI & ECONOMISTS LIKE AL NASIRI...ASSEMBLED TO CONNECT & COOPERATE WITH THE REGIONAL & INTERNATIONAL BANKING & FINANCIAL ENVIRONMENT... WORKING TO REVIEW AND ASSESS THE REASONS FOR WEAKNESS OF CONFIDENCE IN IRAQI BANKS...
NASIRI ONCE AGAIN IDENTIFIES WITH DETAIL THE CRITICAL FINANCIAL & BANKING LAWS IN NEED OF ADDRESSMENT & AMENDING WE SHOULD BE LOOKING FOR OUT OF PARLIAMENT...TOWARD THE END OF ACHIEVING REALITY BANKING IN IRAQ...
THIS IS BIG...AND HAS SOME INSIGHTFUL LEGISLATIVE ACTIONS WE ARE LOOKING FOR.
"Tonight's Word: Lost And Found" - Heisenberg - 11.23.16
"Amazing grace, how sweet the sound
That saved a wretch like me
I once was lost, but now am found
Was blind, but now I see"
And that brings us to tonight's word: LOST AND FOUND
Moses spent 40 years in the desert. Jesus spent 40 days. Let's say everyone here has an average of four years in this metaphorical currencyland desert. 1460 days of currency on the brain. Can you say PHD?
We were tempted (send me your currency-David Spaceman), our faith was shaken (too many statue of liberty plays to count). We lost friends we lost jobs, we lost houses, we lost reputations and we lost family. Some thru death, some thru divorce and some through inability to connect.
But at least those four years in the desert we had each other. All the avatars and all the call names. My favorite are those who use their real names ironically. Classic Bruce.
One friend I lost had a saying "Go big or go bigger" and that kind of jives with the new and improved Zim rate doesn't it? Want to help veterans in Oklahoma? Try all the Midwest. Supersize it, brah.
We are a cozy little group of chosen ones and every single one of us is a whopper of a starfish. One starfish could affect millions of lives (at $58,000, right?). I guess that's a beautiful honest, sincere reason for Yosef to try to save one more starfish. Just one more will do so much... Ahh so, Daniel-San. Wax on wax off.
I think everyone knows that there is much more that this life has to offer each of us. So much more. Something more than just football and beer and 24 hour big Macs and Hooters.
With a bit of Grace, I think that we as a chosen people have found our calling, we found a goal, we found God, we found friends, we found direction, our compass, our map, our north star. We found our community.
And some great news to boot... we will be able to drive a nice car, eat nice food, live in a nice house and sleep confident knowing none of our children will ever go hungry or anyone we ever meet again, for that matter. All this as we do the most rewarding work I can imagine on this earth. Did I mention that travel is the spice of life?
Ps. White hat Ken put it so eloquently that your personal prison door is now open. It didn't open with a loud boom or fireworks. Not even a hallmark card. Instead it opened while you and I were asleep. I know it's a little nerve-racking because you think once you step out that screw is gonna give you a nice baton to the head. But he's not and neither are those black SUVs gonna pull up in your driveway. Good guys have won. Quietly for us, but louder than thunder for them. So step into the light. Honor those who died for you and step into the light. It's waiting for you.
Just be sure to check the lost and found every now and then. You never know what misfit toys there may need a new home.
And that's the word.