So in continuing my description of the changes about to happen, let me describe how the global banking system works and how it impacts our RV.
There is one global bank called The World Bank it interfaces with member countries through the World Trade Organization (WTO) the IMF with banks called Central Banks. We all heard about the Central Bank if Iraq (CBI) now I am telling you there are other like CBI throughout the world seeded in almost all member countries.
The Central Banks then manage what we know as the local banks in our cities and neighborhoods. Local banks are rates according to assets into tier banks. The more assets you are responsible for the more power you have in the banking industry.
For instance you locally owned town bank may be a tier 3 bank and have very little say or power to the central bank it reports to.
Just recently the process of modifying and implementing the exchange rates was greatly centralized and is now initiated and first flows down to the Central Banks and then they approve the rates and push them down to the local banks.
Only then can the activation take place and the new rates be used in daily transaction with the banking customers. This is all done via computers but some banks still have backup manuals that list the new rates.
If you were paying attention to some of these RV intel conference calls last spring and summer you heard all about the changes effecting this process. These were changes that were first planned to be implemented as minor changes to the process that then grew into a monster and out of necessity finally into a lengthy implementation process.
We heard about all the testing issues and delays. We all thought that the RV was going to happen at any moment, as we did not understand the total plan and scope of all the reforms necessary prior to any currency revaluations. We were only focused on our goal of becoming rich and not understanding or wanting to understand the big picture.
I have been saying many times that if you really want to know where we are in this RV process follow the IMF plan.
Having said all this I do not want to downplay the interaction and events with Iraq in all this too.
After all they are the foundational currency in the GCR process. We all have witnessed the necessary Iraqi laws, the relief of chapter 7 sanctions, and the political / sectarian issues of Iraq as a major factor also in the delay.
I will also once again tell you they are ready and have been ready for months now.
There is much talk about a 3rd Budget reading. I see much hype in the dinarian intel community about this darn budget once again.
I want to reassure everyone this darn budget has been done and ratified weeks ago.
Please stop diverting your attention and waiting your energies on unnecessary events as benchmarks and concentrate in the direction that is really important. Iraq GOI and Parliament are stalling for time since they have to posture to their citizens that they are still in control.
Did you ever notice that when we once again get close to an RV what do they do? They make an announcement about a budget reading or something about this budget once again. Is it important? Yes it is and I do not want to downplay its significance. But it is done already!
The following is what I am hearing the global districts will be looking something like this with their focused media for exchange below:
North American Alliance (Canadian dollar),
South American Alliance (Brazilian Real),
Middle Eastern Union (Iraq dinar),
Far Orient (Chineese Yuan).
Near Orient (India Rupee)
This way if one financial district fails the remaining districts also do not fail thus preventing another global financial crisis. Flexibility must now be decided upon in each of the exchange regiments of these nations.
This process is now underway but will not hold up the revaluation we are waiting for.
It may however give you some indication of near future opportunities to partake as a speculator in yet other major currency revaluations.
How do the districts interact between each other? The mechanism for exchanging between districts will be the IMF and a new global currency that does not actually belong to any country but to an organization.
This for most will the scary part of this process and the part that has been kept secret. I am bringing this to you today because I felt the impact is going to be so great on our lives that we all should know. I also do not like this hidden government and the shadow in which it works. If it supposed to be so good for the world then why all the secrecy?
Much more global taxation monies to be sent to fund the IMF and WTO for future programs We now all know what these programs are.
The New Tariff Laws
I will tell you one of these projects. I discovered this one when I looked into the new tariff laws for the country of Iraq. These laws allow the IMF through the International Bank of Settlements (BIS) to collect a global taxation from Iraq on tariff revenue. The BIS now is actually the first level collector source by way of a computerized system.
The BIS then distributes part of the collection to the IMF fund while a part then goes back to the central bank of Iraq. This is why it took so long to pass the tariff laws for Iraq. Iraq was forced to finally accept these new global taxes. By the way the payments on these taxes are due at the end of this quarter April 1st. How will they be paid? With they use 1166 rate or the 3.71 rate? Once again it is coming down to deadlines set in the past and how will this stalling of the GCR effect them? What will be the work around this time?
The questions to me and the saga continues. So I want to put this one also to rest if I can.
I know for a fact the Iraqi bond sellout ended late 2 weeks ago. The rate on the Bonds has been locked at CME at $3.71 for close to these two weeks now.
This first bond package will help finance the Iraq currency reform program. I it is done! They are now working on the rollout of the second package of Bonds on April 1st. These bonds are designated for investors and reconstruction programs.
USA Taxation of gains on IQD
Are these special tax provisions for IQN and VNN we are now hearing real ?
No they are absolutely not final. There is only tentative and proposed legislation put before Congress but nothing is definite as of yet.
Is it possible for the President to change the current tax code on currency investments without going through Congress?
United States Federal tax law begins with the Internal Revenue Code (IRC), enacted by Congress in Title 26 of the United States Code (26 U. S. C.).
The Senate and the House of Representatives must pass a bill (a new law) that would then either be signed or vetoed by the President. The President can ONLY approve or veto bills that have been passed in Congress and then if signed they become law.
Then the United States Supreme Court has the right to review the new law and approve it or overturn it as unconstitutional.
The President has no power to make any new laws under the Constitution
I sincerely hope all this information was understandable and helped you today. Sorry this news letter was so long but thank all you fine,, intelligent people for taking the time today to read it.
Does this help going forward as we near the end to this revaluation of the IQD and the global currency reset process.
Does this relieve some of your stress?
Do you now know we are very close to seeing the completion of the global reset.
Do you now know some of the activities going on behind the scenes to support the currency revaluation and make the GCR a reality?
Peace and Luv To Ya,