Bandit: I find it amazing that we can still buy mint condition uncirculated notes. With all the notes the CBI has been pulling in and the fact that new ones have not been reprinted for a few years. The last printing I think was 2010.
Just sayin'.... seems strange to me, but maybe I'm missing something. How can we can get new perfect notes but the Iraqi citizens mostly get used worn out notes held together with tape? :surprised:
BelieveinHim: Hey Bandit, I have been away for awhile....not to upset anyone with my own views. Imo we are not nearly as close as some hope. Anyway I saw your post & decided to chime in before stepping away again.
Your questions above are very interesting, funny I have never even thought of what you stated above, before now. I read some good theories....some very plausible. I have no real thoughts on it myself at the moment.....only that I can't see any real good reasoning for it, other than things I will not post here. On to other topics:
Read More Link On Right
BelieveInHim Continues: I see that HCL is up for possible discussion this Sunday. Funny how it still needs to be discussed, when supposedly everything was in agreement???? Others are stating as well, we won't see the HCL without a rate. I tend to agree with that statement, which makes me skeptical in it passing too extremely soon.
They state possible approval this legislative term which begins July 16th I believe. So it could still be months away. The q-cards & HCL may indeed be related....likely imo. Can the citizens last longer without pay? They have, they can & they likely will for awhile longer imo.
The Census is showing itself again as well. It only makes sense to me that this is a requirement....a necessity prior to a rate change.
I am still looking for the RD release....hopefully in the near future. There have been questions going around as far as the dinar & what's still in circulation. Some still insist most has been pulled in/out of circulation....I have always disagreed & still do. It seems to date, there is an endless supply of dinar.
Imo....this will end with the RD process. I would expect the RD would coincide with no auctions...drawing in big notes. After the RD, possible RI/RV imo. No one knows how long the RD process will take.
Although I can see that Ramadan is more business this time around than usual & I am interested to see what may take place, I can't fathom the idea of a RI/RV anytime soon.....a RD, I would love to see soon though.
I want to give a shout out to Society! I read your posts today & I must say WOW! I love reading your thoughts/views & must say I agree with most, if not all!
ZOCHOWSKI » July 11th, 2013, 1:34 pm • [Post 367] MORNING ALL!!! "WS", "SKYHAWK", "DDUBBS", YOU HAVE ALL BROUGHT SOMETHING TO MY ATTENTION.
"SKYHAWK", YES I ALSO RECALL TALK OF "S" TALKING BOUT 2013 MID-YEAR TO REVALUE, JULY 15TH???? RIGHT AFTER THE 14TH, A GOVERNMENT HOLIDAY OF REVOLUTION, WITH "WS" BRINGING THIS ARTICLE OF THIS HOLIDAY.
"DDUBBS", THE TALK OF "HCL" TO POSSIBLY BE DISCUSSED ON SUNDAY, THE 14TH??? AND YET OTHER TALK OF PARLIMENT BACK ON THE 16TH???
NOW, HERES WHAT I FIND INTERESTING. OVER THE LAST 11 DAYS, THEY HAVE POSTED IN THE "ILGLL" IRAQI LOCAL GOVERNANCE LAW LIBRARY,
14 LAWS/DOCS ON JULY 1ST,
17 LAWS/DOCS ON JULY 6TH,
3 DOCS ON JULY 8TH,
AND 1 ORIGINAL DOC ON JULY 11TH.........
YES, ALL IN ARABIC, SORRY.
"WS", ANY CHANCE YOU MIGHT SEARCH FOR THIS ARTICLE, BOUT THE "FISCAL YEAR STARTING"???? WAS POSTED EITHER JUNE 5TH/6TH, I BELIEVE.
AGAIN I WILL REFER TO THE ARTICLE, THAT I CANNOT FIND, BUT OTHERS HERE HAVE ALSO SEEN IT, "STATING THAT ON JUNE 5TH/6TH THAT THEY WILL START THIER FISCAL YEAR", WHICH WAS 30 PLUS DAYS AGO..... NO, THIS IS NOT THE SAME AS THE PHYSICAL YEAR.
IMO, THIS HAS TOLD US 2013 HAS/WAS FISCALLY STARTED 30 PLUS DAYS AGO, NOT 2014, HOWEVER 2014 WILL BE DISCUSSED INTO THE NEAR FUTURE!!!!
WHY???? TO GET THE NEXT YEARS BUDGET INTO DISCUSSION FOR PARLIMENT FOR 2014.
NOW, COULD THEY BE TALKING FISCALLY ABOUT 2014???? POSSIBLY, BUT HOW WHEN NOTHING HAS EVEN BEEN BROUGHT TO THE TABLE FOR 2014, WHEN ALL THE CONCERN IS ABOUT 2013 BUDGET.......HUMMMM........AND JUST RECENTLY POSTED IN THE "ILGLL" AND ALSO BROUGHT TO THE FORUM.
I WILL ALSO BRING UP THE CITIZENS, HOW MUCH LONGER WILL THEY WAIT PATIENTLY, WITH STILL NO REVALUE OF THIER CURRENCY.
A PROUD NATION IN THE MIDDLE EAST, RECENTLY RELEASED FROM CHAPTER 7 TO CHAPTER 6 THAT HAS TO USE OTHER CURRENCY, USD,......NOT TOO PROUDLY, IMO, AND YET VERY LITTLE MENTION OF THE CITIZEN IN THE STREET OVER THE LAST COUPLE WEEKS.
WHERE AM I GOING WITH THIS????? LOL LOL
SO MUCH BEING DONE AND YET STILL A CONFLUIDATION OF NEWS/INFO/ ARTICLES BEING BROUGHT OUT. COULD THEY BE TRUTH, HALF-TRUTH, OR FALSE??? LOL LOL LOL
OK NOUGH SAID, THIS OLE BIRD TYPED PROBLY WAY TOO MUCH, TAKE IT AS YOU WILL. GOD BLESS, TAKE CARE N JUST SAYING, M/Z
Dustibigelow: wrote on July 11th, 2013, 12:48 pm: With my pea brain, I'm trying to figure out the discrepancy between Eagle1's information about the devaluation of the dollar and this post about a devaluation being totally illogical. dustib
Society: Hey Dustib......while I do not see a general devaluation of the USD as illogical, I see a 50% overnight devaluation this week along with the other 197 currencies changing as totally illogical....the spin doctors have been working hard to make it appear the US economy is strengthening, the PTB aren't going to agree to such a devastating effect on the entire world.....all IMO of course
Additionally, the idea of eradicating the FED and switching to a UST dollar seems virtually impossible.....the FED is working hard to stage their new $100 FRN, I can't believe the UST is working behind the scenes to upstage them and eliminate the FED and come out with the asset backed (redeemable) UST dollar.....
Note, such a switch is not just a $100 but our entire monetary structure, commerce structure, banking structure, investment structure, mortgage structure, legal structure, derivative markets, bond markets, stock market, corporate structure, government structure, benefits structure, medicare, social security disability etc....I hope so but there is not even a hint of evidence this is about to occur....
Who has the strength to pull this off??? Lincoln did not, JFK did not , Reagan did not....Do you think O is making this move???? No Way!!!!
agold wrote on July 11th, 2013, 12:46 pm: Thank you. However, I am sure I heard Regner describe Basel III as the agreement, which President Bush agreed to back in 2002-2003, which established the basis for the GCR.
I do not see how to disconnect Basel III and the GCR. According to the FDIC ruling it appears the FDIC asset requirements are more strict than Basel III, which has been stated by other reviewers.
Society: Hey agold.......what if the "C" in the Basil 3 referenced GCR actually stands for "Capitalization" and not "Currency"...???? Would you have a different understanding of Basil 3
Society wrote on July 11th, 2013, 1:17 am: Exactly!!! This is why a 50% devaluation of the FRN is totally illogical especially in this fragile World Economy.....This is also why Basil 3 is about increasing capitalization requirements and enacting restrictions on banks throughout the world to level the playing field.....while increased capitalization may result from the IQD revaluation, I do not see where Basil 3 has any direct correlation to a pending revaluation or GCR
Prophecy: Society, From this side, inside the US, it may seem illogical. Perhaps one must be on the outside looking in for it to seem more logical. There are many that want to break the "yoke" of the dollar.
Moving into Basel III, what assets does the US possess? China and others have overtaken much of our manufacturing base. We have oil but it isn't nationalized like in Iraq. Perhaps the wealth is in her people?
While there is a very significant brain trust, most of the citizens are unemployed or under-employed. What about our precious metals? The government got rid of its silver. I question how much gold we have.
Assuming it's true, I recently read an article in which a man involved in the gold trade in Hong Kong was talking about how much Western gold has been coming through there.
He said the refiners re-smelt the stuff and sell it to China. He said they have seen a lot with a German stamp and suggested this is why so much time was allotted to returning their gold, when they requested it back from us. Germany will not see their gold.
He said that the Federal Reserve was leasing gold to the bullion banks who were selling it through Hong Kong. So while the Federal Reserve keeps the gold on the books, as leased, the reality is that it is probably not coming back but more likely sitting in a Chinese vault.
Then you look at what a fine job the Fed did to devalue the dollar, which hasn't moved nearly as much as it should because of its reserve status, as I said, a yoke that some would like to do away with.
This does not even consider the $16 Trillion the Fed sent out that has yet to be explained. I am only touching the surface. I go on but I fear some might ask me to get off my soap box! :biggrin: :biggrin:
Let me hasten to add that I do not know anything about the 50% devaluation other than what I have read from Eagle! and a few others. For all I know it could play out quite differently. All I was trying to say with this post is that it may be more logical for people outside the US than inside.
The US has been heading towards some hard times any way you look at it. The question is how will it all come about? As a child, I much preferred a spanking than being grounded. (Perhaps my parents recognized this because I almost never got spanked!)
The spanking was painful for a short time and then I could move on. Groundings strung out the punishment when I would much rather be doing something else. That is the choice we face. Devalue quickly or slowly? We shall see.
Society: Hey Prophecy.....I agree a general devaluation of the FRN is not only in order but probably likely(we just saw a roughly 3%devalue), the idea of a 50% overnight devaluation this week as one of 198 currencies to "reset" would shock this country and the world at large IMO....There has been too much work to try to hold it all together to see it crumble overnight.....I just think it to be totally illogical...
Prophecy » July 11th, 2013, 2:47 pm • [Post 420] :handshake1: Society, Another aspect to this is how close to the "end game" are we. And by end game I mean the return of Christ. As the enemy's time grows shorter and shorter, his moves become bolder and bolder. Unless the dollar proves to be his financial "weapon" of choice, which I do not believe is the case, he must take it down. Time will tell how this is accomplished.
agold » July 11th, 2013, 6:02 pm • [Post 545] Prophecy, Great. Good eval.
Two comments support your thesis
1. Rand Paul in End the Fed states governments do not go bankrupt like business or individuals, they just devalue their currency to reduce the debt.
2. Jim Rickards in Currency Wars in effect states the same thing as Paul.
As an aside, I do not think the current administration would end the Fed and no one has mentioned this as part of the reset devalue of the USD - there is too much the Fed does by allowing government spending to increase the debt, however given E1 is correct in that the $100 federal reserve note will change to US Treasury notes this makes me consider the current administration is planning to give all (30 trillion+) of the Treasury held IQD to the Fed in a form of a "lease", possibly undoing all that President Bush was trying to do in PAYING OFF all OUR debt. Anyone care to comment?
Society wrote on July 11th, 2013, 2:03 pm: Hey BIH.....Good to see you.....Hope all is well.... You note the HCL is to be talked about on Sunday.....?????? I have not seen that....can you or someone point me in the right direction????...the only article I recall today is dated June 8 which i believe is referencing when Maliki held the COM meeting in Erbil....Hopefully, I missed something as that would be HUGE.... :thumbsup:
BelieveInHim: Sorry about that Society....you are correct, it's dated June 8th & is old news. It's kind of distracting at home these days& I should have paid more attention to the article. Anyhow, what I was getting at in a nut shell is, although they claim it to be on the agenda this next term, I highly doubt it....unless it to only be discussed. As well....the next parliament session ends in 2014?
So the HCL could be on their agenda/session as stated.....possibly through next year, I can only assume.
I have been primarily following two things for the last 8 years....Chapter7 & HCL. Although Iraq may not be officially out of Chapter7 completely yet, they are enough so to accomplish what's needed, that which they did not have an option to prior. In other words, as you know, Chapter7 is no longer preventing what us investors seek.
The HCL is the next big thing imo. As stated in previous post, I do feel there needs to be a rate prior to HCL, one of a few reasons I think the HCL will be kicked around for awhile longer. I am also leaning on the RD process release at the very least showing prior to HCL vote.
abundantlyblessed » July 11th, 2013, 2:54 pm • [Post 427] Just an interesting tidbit. With much discussion about the true meaning of "GCR", I googled it and found nothing of interest just under those 3 letters. Then when putting in the three words, I did find something from a Bloomberg analyst referring to it as "currency reset", but the majority of items that popped up were from the dinar guru community.
One actually led me to a posting from Eagle1 from February 27 where he listed some of the countries that would be in the first basket including the IQD and VND and said the rv was "moments away".
I find it so hard to believe that such impressive contacts as WB and IMF could be wrong on their intel for over 4 months now! Something just doesn't add up and it makes me uneasy but I do not know what I can do except continue to wait and pray. Thanks for listening. Now back to your regular programming.
Society: Hey Abundantlyblessed.......to put it in perspective as to "contacts", until we are truly "moments away", I don't believe even Dr S knows the date much less contacts at WB, IMF or tellers at WF.....
abundantlyblessed » July 11th, 2013, 3:14 pm • [Post 444] Society, Touche'. That has proven to be true so far it would seem.
mryantodd » July 11th, 2013, 5:06 pm • [Post 510] Everyone comes here to KTFA by choice. You have the same freewill as any other member and if you truly feel that this investment has hijacked your life, then I would suggest that you take steps to free yourself.
Many people here feel the same as you and continue to apply their own logic or rules to the timing of this event. Others just put their faith in God and come here to be educated and join in the variety of discussions that go on here daily.
Any investment requires some amount of faith and everyone has a different tolerance for risk. I would say that the risk with this investment is limited, but the upside is extremely volatile. My advice to you is to re-evaluate why you chose to participate in this investment and take a long-term approach.
I don't track my stock investments each day since I know that market is not driven by logic. I approach this investment differently because I learn something new each day here and enjoy the discussions and banter.
Nothing WE do or say here will change the timing of the event, so why get worked up about it.... if it is out of our control, it is not something that should stress us out.
I think we all believe this will occur at some point (hopefully to our benefit), but let's enjoy the ride and companionship along the way. Be Blessed, MRT
Bagdadcafe » July 11th, 2013, 5:33 pm • [Post 527]
KTFA-JimNY wrote on July 11th, 2013, 5:25 pm: Wasn't the United States the one who prevented Iraq from paying the $11B to Kuwait so that we would still have some kind of control over them via Chapter 7?
This is exactly the kind of thing that I'm talking about. You don't know what to believe anymore.
If Iraq has the money, then let them pay Kuwait now and let Iraq FULLY EXIT from Chapter 7.
Iraq has money all over the place including their DFI Funds. $11B is chump change to Iraq.
Bagdadcafe: KTFA-JimNY, I think that Iraq is lifted under Chapter VII. Now is under UN arbitration "Chapter VI",so all sanctions are finished IMO
The Snod » July 11th, 2013, 9:58 pm • [Post 138] Just a few things I want to touch on FWIW, IMHO:
Society----I swear, I think we may be fraternal twins separated at birth (sorry, I got the looks :heeheehee:). I, as well, wonder how the Fed would allow the UST in on the dollar game.
It doesn't line up to me on the surface for several reasons that I don't want to bore people with, but I can't say I've really researched it, either. I also wonder how we could have such abrupt changes across the board, with the GCR, and have so many currency changes that rapidly.
I know it's tiered, but it still seems to be a little hard hitting,...... but greedy politics are always a factor-----so,....maybe.
When you consider the value of Eagle1 on the forum, it very well could be I suppose. Asset based currencies have got to go up, and the Dollar gotta go down without a doubt though. That almost goes without saying at this point.
Misc. for others------ The GCR comes from Eagle1's intel about the Basil III plans.....Many are exhausted from hoping in this investment and the ups and downs involved with it, coupled with their daily stresses from a c@rp economy. I know. I've been getting hammered by it for 9 years now.
I needed the money bad----- every year since. I felt desperately, spiritually strung along at times, yet at the last second, God would provide then allow for more investment money. He does things when He wants to.
You're job is to be conformed to the image of Christ which He has already predestined. If you ever wonder what in the world is going on at any certain time in your surreal life, you can know He is doing that. He is changing you. The content of your character is being enlarged.
That may be what it takes for you to keep the enlarged content of your bank account if that is what He has chosen for you.
The principle of leverage says Iraq is horribly out gamed on this. They have to do the plan. Can they hold it up at times because of internal and external fractious forces. Certainly.
But, they are still hopelessly outleveraged, and the world needs the emerging market to badly. Vacuums become filled sooner or later. Following the money principle is echoing it's wisdom in Iraq, especially since the 27th...God Bless....