KU April 13, 2015 This time the anticipated event, the ReValuation, was so meaningfully scheduled that the arrival of the Iraqi PM was to be a VICTORY LAP to celebrate the event. Unfortunately it has fallen unrequited again with absolutely no satisfactory explanation,,,,none.
This shows, undoubtedly, that any outside preparations to bring this event to fruition is relatively meaningless in the face of those who actually control the process.
Its seems obvious that there are purposeful covert elements involved with goals set to be attained before a release of their influence is realized.
Who these covert elements are, and I have stated my beliefs previously, remain outside of the revelations of light and therefor have the ability to choreograph and maneuver those elements that they control without direct detection. That is why we, as Dinarians, are left with little more than unanswered frustration and questions no one seems to be able to answer.
Even if these shadowy forces are never brought to light, somewhere along the way there must be a conclusional result, whether agreeable or not.
Hopefully the forces of light will intercede and produce the desired result. These forces also operate covertly so it is next to impossible to see the result as it progresses along and faith must be exercised which brings about individual difficulty.
Keepin on Keepin on is tough but knowing why we are here in the first place is the ammunition that will stay us in this journey. Those tasking us with delays cannot continue indefinitely. I, personally feel a quickening as we move forward, this is just MO.
Don A. April 13, 2015 at 6:02pm
This statement was made by EXO this morning and I have seen NOTHING to support it's claims:
"1. THE USA FEDERAL RESERVE IS NOW BLOCKING GLOBAL FUND RELEASES AS OF 10:21 AM EST TODAY TO PREVENT POWER TRANSITION TO UST"
What is the data on this that says this is true?
WHY should we BELIEVE it's true?
ANY evidence that says this is true?
EXOGEN > Don A. April 13, 2015 at 6:34pm
WHY IS THERE A GLOBAL SWIFT SYSTEM CIRCUMVENT IN PLACE???
WHY HAVE THE IMF REFORMS NOT BEEN PASSED?
WHY ARE SO MANY COUNTRIES JUMPING TO THE AIIB BANK?
WHY IS LEGARDE DISCUSSING A PLAN "B"
WHY ARE GLOBAL CURRENCY SWAPS OUTSIDE OF USD TAKING PLACE WITH SO MANY COUNTRIES?
ALL YOU HAVE TO DO IS READ!!!!!!!!!!!!
DON'T TAKE OUR WORD
ALL OF THIS IS PUBLIC INFORMATION IF YOU READ!!
THIS IS NOT LA LA LAND FAIRY TALE HOPIUM
THESE ARE FACTS!!!!!!
Landons Nana: sczin11 REALITY RATE = TRUE VALUE - TRUE VALUE = SUPPLY AND DEMAND.
THE MONEY SUPPLY IS/HAS BEEN IN PROCESS OF BEING REDUCED FOR A WHILE NOW. WE HAVE SEEN THE MEETINGS OF TRAINING THE BANK EMPLOYEES FOR COUNTERFEITING- WE HAVE SEEN THE ANTI MONEY LAUNDERING WORKSHOPS - WE HAVE SEEN 50 DINAR NOTES RECALLED TO A WORTHLESS VALUE IN JUST 60 DAYS OF TIME...
ER [ECONOMIC REFORM] CAN NOT GET TO WHERE IT NEEDS TO BE WITHOUT MR [MONETARY REFORM]... JMHO
Highlighs from DC on TNT CC Mon. via Adept1:
DC: I hope everyone had a good weekend. We are still where we were on Friday, everyone is on call, and we are set up before Wednesday. Everyone is still on lockdown. Iraq is very ready, preparing things. They have done more adjustments in Parliament, more updates, that’s all the same.
Abadi is in the US right now, but the Iraqi television is still expecting monetary reform in the next few days, Iraq is the strongest country in the world, etc. They have had one announcement or training to make sure people are aware of the changes.
One thing is that Pam pointed out that the Budget was published in hard copy. That is another pressing deal. ISIL is still being prepped for taking back Mosul. Abadi is talking to different folks in the US re: Mosul planning. Not much has changed in Iraq; they are on the highest of alerts.
DC: In Iraq, they strongly believe this is the final week. They are just as frustrated and perturbed as we are. The finance guys have said “now until the 15th, and it’s not the 15th yet”. Why are they waiting? The ‘good idea fairies’ have sprinkled fairy dust on the process this weekend, but most have been deal with.
DC: Regarding Mosul, the actions have already started to occur, with softening of the target for a while now. That is part of the process. Also, they were going to use the RV as part of the demoralization plan as well. Some folks in the US have tried to get Mosul first, but everyone else is saying “we’re good enough” plus the RV is part of the military campaign.
It’s stupid for the soldiers to fight on when they will get killed and they could just go for the RV and be rich instead. They are talking about it, but the attacks are already going on. The military planners want this cleaned up.
Many folks are saying you need to get rid of ISIL, but that is not essential to get this going. They are not prepping for the RV to be months away but to go through now, by the 15th. Can things change? Sure. But it has been constant for 10-11 days now so we’ll keep with that.
In terms of Iran, that deal is not even half-baked. They are trying to get a framework together, and now that framework has been agreed to by Iran and the P-5+1, on how Iran can rid of their sanctions by avoiding nuclear bombs.
It’s controversial but highly publicized and we’ll have to see how that goes through. They’re not banking on that because the timeline is to be completed by June 30th. It affects Iraq because Iran is a major neighbor and we’ve known for a long time that Iran has nuclear ambitions. We don’t think that is going to be put in the mix according to my sources in the US or in the world at large.
The chances of it being implemented by the end of June are highly unlikely at this point, so it will not affect the RV, as I understand it.
In the USA, everyone in the administration went down south and that was a success – that was nothing to do with the RV, but about the Americas, normalization with Cuba and security issues. There was an historic meeting between the President and Castro, but that has nothing to do with the RV.
Abadi and his team are in NY today, DC tomorrow, talking about what to do with Mosul and about the RV. Many are disappointed it was not a victory lap, but banks and law enforcement are still on high alert. Everyone is very antsy, waiting, on call.
The trillion dollar question is this: will they do it with the PM out of country. I personally think they will wait for him to go back, and I think it could be very quick after he goes back. Some who are much more intelligent and connected than I am say that is not necessarily true, and he can fly back very quickly.
DC: Banks are on lockdown for staff, managers and exchange people; they’ve had their phones restricted, etc. They are keeping it at that high level and also say ‘early exchanges’ will start very soon.
We have been told that worldwide, they will process 9-14, 000 per day. That hasn’t begun and we don’t know why. I don’t believe Abadi needs to be in-country for that. Everything is prepared and ready for that, and we were asked if we could be ready to help and of course we volunteered to help if we can.
Dems and Republicans are still ready to go.
DC: on the early exchanges, they are still planning 9-14,000 worldwide, NOT per bank. People are still on lockdown and everything else is prepared for that. That is wonderful because that gives us a fighting chance of getting through.
DC: Everything is highly subject to change. They were supposed to go through last Thursday, last Friday, and on Sunday. So…
716 caller: Hi! I’ve been listening for almost five years. It seems like every time it gets to a head, it drops off for one reason or another. Is it every going to come to fruition?
DC: It seems that way to everyone, including me; it gets up to the point then someone has a ‘good idea’, but sometime they will have to stop and let it go. They have to stop this constant pain-in-the-ass situation and let it go. Everyone is so tired of these ‘good ideas’, between ISIL, and all the rest. The pressure is immense to stop that process. They have given themselves leeway until the 15th, that’s what they have been talking about for the last 11 days, and they are using this as a forcing function now.
Caller: It seems they are looking for perfection before this happens, and that will never be. I’m confused and dismayed, but I’m still hanging in there. [Appreciation]
617 caller: I read in DinarRecaps that the private groups will go before the RV. Do they mean the people the banks are picking? Or people like us?
DC: It’s supposed to be both. That’s what the early exchange process is about, to lessen the economic impact. They will take the groups first and also early exchanges, but no one knows when.
DC: In smaller towns, the tellers who are already trained have signed NDAs and they cannot even tell their bosses or managers. One gal I know was trained 4+ years ago, and has been through further training, and she was specifically trained NOT to tell her boss. Most of them have been trained specifically in the dinar, dong, zim and rupiah. We have to wait for 800 numbers or for the banks to call us.
404 caller: You said this was expected to go on Sunday; who put the stop on that?
DC: IMF, CBI and BIS… I don’t fully understand why. The initial information so far, highly subject to change, is that it was primarily dictated by the CBI and BIS.
Caller: There is a rumor that has to do with the Fed and the UST.
DC: The lines between those two are pretty strictly enforced. They are sticklers for keeping everything separate, so that there is no political influence on those two. I think Janet Yellen is doing a fine job and not allowing a lot of game-playing. So I don’t think the Fed and UST are fighting over policy stuff. They do coordinate and communicate every day, and they should. The Fed is our central bank, and they will be handling a lot of the currency changes. That’s where the bank feeds come from, so the Fed is a player in this game.
Caller: I’m intrigued when you use the concept ‘good idea fairies’…
DC: They are international; the latest came from the BIS and IMF, with help from mid and high level CBI guys. I don’t know if any other good idea fairies are involved. It is exhausting for everyone involved. In the oil business, they say “nothing is more expensive than a good log”. The same is true for the RV process; a lot of the ideas are actually good, but come on already – we’re close enough, let’s go!
Caller: With some of this coming from the CBI so close to Abadi’s visit to the US; what’s his response?
DC: They are all just pissed off, frustrated, agitated and tired. Abadi is no different.
650 caller: There was an article published about a four-phase process. What about the stabilizing the value prior to doing this?
DC: Stabilitization of the US dollar is important but challenging since 2004 on; they have done a tremendous job with that. The plan demands stability in the country, the currency and the markets. They have got rid of the political problems for the most part, so that is stabilizing the markets.
The price of the US dollar has gone up dramatically because most of the world economies are in the crapper, with sanctions in Russia and Iran, and with the Eurozone down in the dumps. We have 2.4% GDP, which is not great but at least we are not dying. People are doing for safety, and that means that the US dollar and US Treasury bills are going up, making it more expensive for other countries and their currencies.
The auctions also cause tension and on the streets they are having issues. Iraq also has a physical money problem and what they do have are worn out, so that is forcing them to use US dollars even though they don’t want to.
The dinar notes are just worn out. There is only one way out, and that is to RI or RV, but it’s leaking out in an enormous fashion in Iraq. It’s messing with the flow of money and that is causing hell trying to keep the dinar stable. They are having trouble keeping it on board. Shabibi has done a superb job, but the only way through is to RI.
Caller: If this is in the IMF’s hands, is that the reason they cannot do it at this time, until they can re-establish control?
DC: It’s not good, but it’s not like the world is coming to an end. They can cope.
Caller: If there is a dual-rate system in Iraq, how can they use their cards today?
DC: Some cannot use their cards at all, although it shows money in their accounts. Some can use the cards using their rate, although the government is paying them in different rates. It’s a big giant mess. Most businesses and the government have stopped the exchanges going on at all, and that has slowed down the economy a lot.
Caller: So if they cannot use their cards or get cash, what is the point?
DC: The lower denominations are being circulated apart from the fil coins.
719 caller: Someone’s sister went to the bank in Houston, and they said that they would exchange on 20th April, and we didn’t believe it then. It’s not about us but about Iraq; if they had been paid, we would wonder what was holding this up. Is any of the delay through the IMF?
DC: The US has been very hands-off for the past five months or so now. They have been staying out of it, although they’ve been making their opinions known. They have not been actively blocking things that we know of. This everyone trying to get perfect.
Caller: Can you tell us any of the ‘good ideas’? Do they have to go along with those?
DC: Abadi and Shabibi are pretty good at killing them, but sometimes those ideas have already taken hold before they get to their desks. This is very fluid and no one has absolute authority. Shabibi has the authority to pull the trigger, but he has to herd 1,000 cats to get this lined up.
Caller: What are we looking at this week?
DC: I can give you my opinion, for what it’s worth. ABadi and his team are here to work on ISIL issues, Mosul and military hardware. He is scheduled to go back to Iraq by the middle of the week and then he is free and clear. The early exchanges can happen whether Abadi is here or in Iraq. I don’t believe the 15th is the final date.
Caller: They start to do the early appointments, will those be international or contract rates?
DC: We have been told that will be 9-14,000 per day, and both rates are available.
Caller: When people bring up security problems in Iraq, you say that’s not an issue. As I watch the news and read, that seems like a big deal, so why do you say otherwise?
DC: Yes, it’s an issue, but they have known it’s going on for 2-3 years, and that has not impeded the RV well over 130 times. We are talking to people doing the RV, and although they don’t want to announce it on a bad bomb day, but otherwise it’s not an issue on holding up the RV itself. Yes, ISIL is a bad group and they will be punished. They did hold the RV up for the first day of Tikrit. They do want the details to be perfect, but dealing with ISIL and the other issues is part of the game.
Caller: I heard that other new banks are participating… I heard SunTrust might be involved? How is the spirit in the banks these days?
DC: A large number of the tier 2 and 3 banks will be handling this just like other foreign exchange procedures; they have been retrained and recertified in the WF process. A few will also offer contract rates, but at tier 2 and 3 it will be mainly international rates.
They will be ramped up more slowly as well and will have a hard time catching up. The banks are starting to have major issues with people getting frustrated and leaving. The banks say their staff cannot buy currency but they just go buy it elsewhere.
Some are calling their relatives and telling them to buy currencies. That banks are highly worried about what’s going on. They have internal security and regulators updating them on estimated dinarians working for their banks, and the number is climbing rapidly.
All the banks we are talking to are in a bad position because their staff are getting pissed. The employees either have currency and will retire, or will quit through sheer frustration.
Caller: Are the tier 2 banks doing early exchanges? [Appreciation]
DC: Not that we have heard so far. Remember, we only get 60% of the information.
775 caller: [Appreciation] I’m looking out for an 89-year-old woman who inherited this currency when her son died, and now her husband has died, too. She is on her own. You mentioned about changing your phone number. What are the five most important things I can do to help keep her secure, without scaring her?
DC: This is what I will do:
1. Change my phone number for business calls. It depends on how exposed she is. I am very exposed especially after these calls. It’s not hard to figure out my number. But for those who are not as public, it’s about what you have done out there.
2. Change your address. For instance, use a PO Box, and you can forward that to another PO Box or another address (like your attorney) so they cannot reverse-address it.
3. Talk to an estate attorney so your wishes are well-known.
4. Go slowly; you cannot spend money too slowly.
5. You can pay for accommodation and medical needs ahead of time. There are wonderful high-end secure retirement homes run by terrific people.
6. Change your email address.
It’s really about hiding in plain side. Don’t buy flashy cars or jewelry. If you have normal cars, clothes and such, no one will notice. It’s great you are caring for her.
615 caller: I have some guys in the UST, and I’m trying to understand the exchange process. We take currency to the bank, the bank gives us dollars, and send the dinar to the UST, who gives them the money. Why wouldn’t the banks want to exchange?
DC: That is the million-dollar question.
Caller: How will Iraq’s liquidity problem change with the RV?
DC: There is money set aside for reconstruction built into this plan, well over 100m dinar. All the steps involved economic activities which will expand the economy. There will be tax revenue coming in as well. Everyone says this has to be perfect, but this is a step to perfection. There will be stimulus, but that will take a little time in Iraq.
Caller: If the UST gave them the go-ahead, won’t the UST cover that?
DC: The CBI is giving the credit for the long-term oil subsidies. That process will continue, and that’s where the money comes from, ultimately. But the banks have learned a painful lesson from 2008 that just because the government says it’s okay, that doesn’t mean they won’t get screwed five years down the line when the companies they took over have bigger losses than expected. The government is saying that they are free and clear, but they don’t want to expose themselves any more than necessary.
Caller: How will there be enough cash in the world to revalue dinar, dong, zim and rupiah?
DC: The base currency is the dinar, and that will be the new reserve currency instead of gold or US dollars. That is based on the new VALUE of the dinar, and countries can use dinar as a reserve currency as well. That increases the value of the reserves in that country, just as Iraq backs its currency with their oil, gas and gold reserves.
Caller: I just don’t get why they haven’t pushed this through.
DC: It’s not a money issue or an accountability issue. It was not designed to be such a huge thing. Because it is now so massive with so many moving parts, if one of those parts is rattling, they have to address that. They are now in a state where they can implement those early exchanges in a minute. We think that is a wonderful way to get people threw at that level. We believe in early exchanges. They should do that to lessen the impact on the economy, resources, and the PR problems.
Caller: So if they process 9-14,000 per day, how do you get on a list??
DC: If they get going, I’ve been told that (roughly speaking) there are people on existing lists, and that will take up half a day worldwide. They will have to come up with more people to go through. We have a list and we talk to people on the phone, like you, that are educated and can go through the system quickly and cleanly. We can post a phone call that educates more people on how to get into the system, with the info they need all ready. That 9-14,000 is individual exchanges, as well as the groups.
Summary: We are all frustrated, everyone in this entire process. Everybody is prepared for this to go through, but apart from early exchanges, we believe they will wait for Dr. Abadi to get back to Iraq on Wednesday. There is no restriction on early exchanges; let’s hope and pray this goes across the finish line.