Q: [can you explain why the auctions are so important now? why the high sales numbers have significance?]
BGG a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people).
Q: [so this is the CBI allowing these high volumes? to try to correct the situation?]
BGG recently - we have speculated – these large auctions are doing two things…
1) helping to stabilize the current exchange rate…
2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)…
And there may be a significant side-benefit (removing some big notes)…In fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE.
I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation.
Hub Think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure?
NO, their currency is not a tradeable, internationally accepted money at this time.
Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it.
What does it need to go international?
A value and to be recognized by the world.
i think all these articles and specially the two or three that say they need to value their money means we are right there.
Topic: Thought is the wind, knowledge the sail, and mankind the vessel. Augustus Hare
Daz: TECHNICALLY GREECE MAY HAVE NO DIRECT BEARING N THE RV BUT GREECE HAS IMPLICATIONS THAT MAY TRIGGER EVENTS IN SURROUNDING, DEPENDENT AND ASSOCIATED FINANCIAL STRUCTURES OF OTHER COUNTRIES....
THOSE COUNTRIES POTENTIALLY IMPACT THE ECU AND A SIGNIFICANT BLOW TO TH ECU WOULD INFLUENCE THE EURO VALUE WHICH COULD IMPACT THE BALANCE SET FORTH IN THE GCR PLAN TO REACH GLOBAL PARITY AND DEBT/TRADE BALANCES. THE BUTTERFLY EFFECT
SO ITS FAIR TO SAY IN A SENSE THAT GREECE HAS NOTHING TO DO WITH THE RV BUT GREECE HAS A LOT TO DO WITH THE ECU.
AND, THE ECU HAS A BIG PART AND INTEREST IN THE STABILITY OF THE GCR. AND, THE TRIGGER FOR THE GCR IS THE RV. SO, IT SEEMS OBVIOUS THAT THE ECU (AND ITS CURRENCY VALUE) BE KNOWN TO BE STABLE BEFORE THE GCR RELEASE OR PULLING THE RV TRIGGER THAT RELEASES IT
DavidU1957: I always thought the rv would solve The financial problems for Greece. The rv would alleviate the situation as long as Greece implemented financial reform.
Daz: DEPENDS ON YOUR EXPECTATION OF "SETTLED". THERE WILL BE A RESOLUTION OF SOME KIND, THEE WILL LIKELY BE SOME DISCOMFORT TOO. BUT AS MANY OF US KNOW PERSONALLY, OUR CHOICES AND EVENTS BEYOND OUR CONTROL CAN CAUSE CONDITIONS THAT REQUIRE UNCOMFORTABLE CHANGE. AND OF ALL THINGS ..."CHANGE"...IS PERPETUAL AND THE ONE THING WE LEARN THE MOST FROM ..
Totally Blessed: Daz...please excuse me but I am a novice at how to think about all this. To me it seems like the GCR should help Greece. Don't you think their gov't had the presence of mind to get some dinar? Or is that me being silly.
Sogoddesss: TB - I agree with your question. I thought the GCR was going to shift things around (in a good way) for everyone!
Daz: TOTALLY...ITS NOT SILLY...AND I TOO ASSUME GREECE HOLDS RESERVES AS YOU SUGGEST. AND YES A RV WOULD CHANGE THEIR CONDITION BUT.....THIS IS A PLAN TO PROVIDE 100 YEARS OF GLOBAL BALANCE AND PROSPERITY...IT HAS THOUSANDS OF MOVING PARTS...AND ALL THOSE PARTS ARE INTERDEPENDENT. ITS IMPORTANT I THINK THAT COLLECTIVELY THE 15-20 YEARS OF PLANNING THAT HAS GONE INTO THE GCR BE ACTUALIZED IN THE MOST FAVORABLE CONDITIONS POSSIBLE TO ENSURE THE HIGHEST PROBABILITY OF SUCCESS GENERALLY
DavidM: THROUGHOUT OUR LIFE, EVENTS OCCUR THAT AT THE TIME, SEEM UNFATHOMABLE. THE FOG OF THE MOMENT CAN BLUR THE BLESSING IN DISGUISE.
TIME, PATIENCE, UNDERSTANDING AND AN OPEN HEART ARE SOMETIMES NEEDED TO CLEAR THAT FOG AND LIFT WHAT WAS PERCEIVED AS A BAD THING AND ALLOW THE REALITY OF IT AS A GOOD THING TO SHINE THROUGH.
*EVERYTHING* HAPPENS FOR A REASON. THERE IS A *PLAN*.
I URGE YOU TO HOLD ON TO *ALL THINGS POSSIBLE* AND BELIEVE THAT THE BEST IS YET TO COME! ~DAVIDM~
MDWeaver » June 29th, 2015,
HERE IS ANOTHER ...COMMONWEALTH (Puerto Rico) ....THAT CANT PAY ITS ...DEBT....THE DEBT SAGA KEEPS GROWING...
Jdtolle: » June 29th, 2015, Enough to get started
Whether you have a lot to work with or you don’t have very much, there’s one thing you do have. You have enough to get started, so go ahead and take the first step.
Whether you know everything there is to know or you know almost nothing, you certainly know enough to get started. Once you’re in motion, you will surely learn a whole lot more.
Whatever must be done will not be done by waiting for the perfect conditions. The fact is, you can take the first step, and the step after that, no matter what the conditions may be.
The resources, relationships, ideas, knowledge and expertise you seek are all connected to you in some way. To activate the connection you must activate yourself, and get to work.
Get to work, and suddenly you find ways to transform what you need into what you have. Get to work, and with every effort new pathways open up to you.
Achievement is calling, and there’s no good reason to wait another moment. You already have enough to get started, so do.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. The test of courage comes when we are in the minority. The test of tolerance comes when we are in the majority. - Ralph W. Sockman