9-22-14 Iko Ward: The Next Window
Well guys, tomorrow will tell, but I think they squashed the four day rollout which began this past Friday night. We had some great momentum, the relative zero action on Forèx until this morning, the Aspen meeting with Biden, the Intel coming in from various sources, Okie's post, Exo's tidbits, but something felt fishy around ten this morning when the Dinar started trading again.
And by this afternoon the dong and dinar and rupia were all following the big currencies, no more special scrutiny. Somebody hit abort. Three guesses and the first two don't count. Tony pretty much said it in his tweet...good but not great.
I am still a big believer in the weekend rollout. Close Forèx Friday night so there is no public record of RV until Monday AM. Process the groups and VIP's Sunday.
Release the 800 and process the Dinarians Monday into Tuesday. Let the general public find out via word of mouth over the rest of the week. Makes sense on too many levels.
Certainly most sane for the banks. Easier to monitor for the PTB.
Why did they stop it? Probably good ole fear and the desire to get as close to Oct 1 as possible. Our hearts go out to all this will injure, all those nations around the globe who get screwed on what seems now a weekly basis.
If the Iraqi public blows its collective lid all fingers will point toward Washington. When will politicians recognize that manipulation is no substitute for genuine leadership and governance? When indeed. Iko
Christian Da Silva > I don't believe in the magical GCR. We technically have a GCR everyday in the markets. Currencies are always going up and down and changing value like Argentina (downward RV) and other countries.
What will happen as countries become Basel III compliant they will slowly adjust their rate based on the assets they hold. The assets at first need to be 20% of the money supply.
The dinar will be held by central banks, well it currently is, and support the value of the currency. The dinar will change value down the road for the public after the Central banks have taken care of their business.
Currency resets happen daily. Even if it is one penny. A reset is what a change in price? Yes. If you think someone is going to push some magic button and all these currencies are going to change value drastically in an instance well then you don't understand global economics.
What people are considering a GCR is countries implementing new regulations and things like Basel III and then slowly converting their currency to asset backed.
Most people don't know the USD is now 20% asset backed. Countries have a choice to do this and the smart ones will and they will each go through the process and not all on the same schedule.
Not trying to sway anyone. Anyone holding dinar is sitting pretty.
What I put here is not my opinion or thoughts. Just info from a trader who is trading the dinar. Now I think he may know something since in order to do that he has to work with the central banks, including Iraqs. Of course he could have been lying.
Christopher > Christian Da Silva September 23, 2014
I agree that the GCR is a more or less 'organic' phenomena.
Iraq, being one of the wealthiest nations.. - virtually 100% asset backed and essentially out of debt... tilts the world currency scales AWAY from a 'make believe' (fiat) world's reserve currency, and TOWARD an asset backed 'multi-polar' world economy with asset backed currencies.
More along the lines of the SDR...
Of course they will need to re-instate the artificially devalued Dinar to realize any sort of dramatic effect on the currencies of the world. Including ours.
Not sure what will happen, or when... just my thoughts
Christian Da Silva > You don't have to believe me but there is information out there that shows the Paris Club debt being settled at the shadow rate. They aren't even trying to hide it. The rate was $3.41 which should be the last trade rate of the dinar before it was pulled down.
So when you have central banks being paid/credited at this rate for the dinar they hold and trading platforms creating instruments that include the dinar at the same shadow rate, and are currently trading them, it is a good thing.
There is a pecking order and it is basically governments first then the public. As far as a reset here is basically the process. A country will implement all the regulations and they will come on line with their currency at a new rate. But all countries are not in the same stage of the process so they can't happen all at once.
Now the dinar is so important to central banks because it will have a high asset backed value so the central banks can use this in the calculation of the value of their currency. It will be one of the strongest out of the gate. I also now know that these platforms are trading instruments with the Dinar in them at the shadow rate.