Post By willy1961 » April 3rd, 2014, 2:16 pm • [Post 227] MEMPHIS,
DO YOU THINK CBI IZ GETTING RID OF US DOLLAR AND BUYING GOLD IN PREPARATION OF THE GCR? THE TRUST OF THE DOLLAR SEEMS TO BE DECLINING.
Post by Memphis » April 3rd, Hi Willy,
I would not personally state that Iraq's actions imply anything about a GCR and I have been careful to avoid this overused and misunderstood term having spent an entire month trying to redirect the discussion!
Memphis Continues: Acknowledging that these discussions are above my pay grade here are some thoughts....
Even before Iraq comes out the gate with a re-priced currency that will likely mirror it's former valuation we have much evidence that the nation is becoming indebted to the worlds system.
I personally have heard enough evidence to conclude that the CBI (one of the world's many central banks) has issued debt instruments that will obligate the nation on the order of magnitude to several trillions of dollars.
These debt instruments are (we speculate) being offered at the artificial program rate thus creating opportunity for tremendous ROI by the investment banks who have been awarded this grand opportunity.
These Iraqi (GOI) bonds will then be traded up on the market with profits taken at each level until the final buyer who holds this paper will redeem upon maturity with Iraq (the debtor) deeply obligated (the word enslaved comes to mind here) to the world's system.
To your question? I would allow for many forms of payment to the CBI in return for these debt instruments that could easily include the xfer of gold in their vaults.
Tho the USD is quickly losing it's prominence in the world it is today still held by central banks at a level exceeding 50% of all the world's total currency reserves and so I find it doubtful that the CBI is "dumping the dollar ".
ALTHOUGH, they did tell us many months ago that they intended to rebalance their reserves such that it be more diverse and inclusive of gold!
Hope that helps some, I simply wanted to illuminate and elevate the discussion to consider that the timing of these debts instruments with regard to gold shipments ought to be discussed in tandem. :handshake2: Blessings, Memphis