Recaps Note: For our avid readers and those who especially enjoy reading Memphis’s perspective on news & events we are happy to post as we find them –
We do remind you that we have previously posted all of JC Collins Bretton Woods Series up to #9 - Memphis is now reading and pointing out his thoughts & perspectives of these essays for the KTFA members –
We may or may not re-post the entire essay in the post but will have hot links to them – We urge you to follow along with Memphis and be open to reading the essays again along with reader comments to gain more perspectives for you to contemplate for your own knowledge and understanding - Thank You
The Key to Everything - Part 4
Post From KTFA by Memphis » March 14th, 2014,
I consider this essay a great compliment to the news of the day. There are several areas below that I am quite tempted to highlight for the reader in bright colors and big font BUT I have resisted.. for the most part.
Without meaning any disrespect to ANYONE here let me point out that over a year ago I stopped using colors etc to highlight portions of my posts.
I made this shift because on a basic level I consider this to be an insult to the reader :thug: and further it encourages us to give attention to THOSE portions at the expense of all else. And so I decided that if my readers wanted only the "bullet points" then they were not my target audience anyway!
If you have been following these essays that are admittedly a bit dry at times? Then you are my target audience and do not need me telling you every point of…value…. :biggrin:
With that long bit of splainin' I will draw attention to the reference below of "currency swaps". I have been following this for well over a year now with interest and some limited grasp as to it's message regarding the demise of the USD.
This is one of the topics that I referred to last week that JC Collins has benefited me in making more sense out of. Giving them better perspective. :wooohooo:
You will note that there are many viewers comments following this blog. I found some value in bringing them for some added understanding to his thinking.
SDR’S AND THE NEW BRETTON WOODS – PART FOUR
FEBRUARY 6, 2014 Archaic America and Oil Wars By JC Collins
http://ktfalways.com/forums/viewtopic.php?f=53&t=12492 For KTFA Members
Special Note & Quote:
“Though the world’s countries will maintain their individual autonomy, their economic sovereignty will be passed to the Executive Board of the I.M.F. under the 2010 Code of Reforms. As such, the oil produced from the economic zones will not apply directly to the individual countries SDR composition but to the regions composition.
Both Iraq and Iran are oil rich in resource but the ability to bring it to market, especially in Iraq, is still fraught with challenges. The world will not wait for stability in Iraq before implementing the Code of Reforms which will in turn lead to the Global Currency Reset and the Great Consolidation.”
[Memphis note: Although I do agree with this last sentence, we do not wait for all of Iraq's problems to find solutions, I want to add that imo there are perhaps more layers that Mr. Collins may not be allowing for.
My point is that in the final analysis even the IMF 2010 Code of Reforms may not be looked upon as having been THE CATALYST to the re-pricing of the dinar.
I am not trying to back track here but rather make the distinction that I DO consider this legislation an important marker in the process of the RV (and likely to precede it) the more import consideration is that this marks an important turning point in our nation.
To say it differently, I do not believe (just one person's opinion here) that the RV MUST wait for….. anything. BUT, when we do see the RV? It will signal the release of immense leverage and deal brokering at the highest levels.
Moving right along, in the next section Collins speaks to his opinion on the dinar and we can obviously each add or subtract much here based on our own thoughts.]
Memphis wrote on March 14th, 2014, 7:06 pm: New post in SC thread in the series discussion of:
SDR’S AND THE NEW BRETTON WOODS Blessings, Memphis
Post by KTFA Member hawger03 » March 15th, 2014, Awesome post Memphis!
I must say that you were right in opening with the statement that this has to be chewed on for a while. While the lifetime of my personal experiences and knowledge upset me. My initial reaction was to find all kinds of imperfections in Mr. Collins theories.
I let it sink in for awhile and found through watching the world events through Mr. Collins glasses, it all seems to be falling into place. While every fiber of my being is infused with patriotism and love of freedom, I have to accept that our current system cannot continue on our bankrupt path and changes are necessary.
We have proven to be poor stewards of the wealth and prosperity we have been blessed with. Even though it will be a difficult road for many, especially the middle class who have been duped into pumping all of their retirement savings into their company's 401Ks.
My bet is that the smart money, right now has already pulled out of cash markets and have reinvested in stable solid markets such as real estate, agriculture and mining operations (gold seems to be the key).
It will be a very different world but those who keep their heads and do their business with this knowledge in mind will have an advantage.
As you stated, I also disagree with his info on the dinar but we study the micro as he studies the macro. Look at the time and effort invested by not only Frank and his incredible team (which includes you) but also the other members of the forum who devote their time and brainpower to the study of our investment.
There is no way that Mr. Collins can know this investment quite like we do. Also, his pitting Iraq against Saudi was supposedly addressed by Maliki's meeting with Obama who sent him to make nice and develop agreements with the Saudis.
With that in mind, Mr. Collins is also only considering Iraq's oil assets. Iraq was told by the IMF to develop other assets besides oil and it was found that Iraq is also very rich in many natural resources.
Add to that the incredible amounts of gold and foreign currency they hold, there is very much evidence that the dinar deserves far greater value than his paltry .35 estimate.
Nothing diminishes the fact that major changes in the financial world are taking place and the writing is on the wall for the USD. Please be careful family at how much USD you put in your portfolio as Eagle1 advised us. May God bless us all and guide us to make the correct choices.
Post by Memphis » March 15th, 2014, Yes sir, and God's blessings to you as well. When I contrast your post from tonight (BTW, ty) with your posts from just a few days ago? haha, I recon that you are the poster child for what I have been trying to express regarding the need for us to be accepting of a "New Normal" in our thinking.
The quest for understanding here (on a topic that will affect us all) is a journey of sorts. Pleasant? nope. Needful? yep.
Considering that no two of us are walking at the exact same point along the path? There is no room for judgements here! Along these lines, some of you have likely already passed me by (in understanding) so don't be shy! :thug:
Feel free to add to the discussion such as a thoughtful post by Alp108 that I noted on last thread.
Good stuff sir….Memphis