loisp :If the dollar is strong when the Iraq dinar is reinstated .. does the dollar have to crash for it to revalue or is the dollar going to be protected by a strong dinar????????????? ....... P.S............ HI NSA.
Frank26: IMO Friend........... The UDS is NOT going to crash. KTFA, Frank
backdoc: WE MAY SEE OTHER CURRENCIES BECOME CHALLENGED IN THE MONTHS AHEAD, ESPECIALLY THE BRICS !!
CHINA BAILED OUT ARGENTINA LAST JULY AND NOW THEY ARE OFFERING TO HELP RUSSIA!
AS OF LAST NIGHT WE SEE BRAZIL'S ECONOMY IS SLOWING AT A RAPID RATE !
LOOKS LIKE CHINA WILL BE HELPING VENEZUELA AS WELL!
IN THE MONTHS TO COME WE MAY SEE CHINA DOING SO MANY CURRENCY SWAPS IT WILL LOOK LIKE A SWAP MEET !! LOL DOC
cleitus : So..., where does the VND come into play with all this....IYO, backdoc?
backdoc » December 23rd, 2014, 4:56 pm
I BELIEVE THE ASIANS ARE MUCH MORE DECEITFUL ON THE MOVES THEY WILL MAKE WITH COUNTRIES!
WHAT WE SEE IS VERY SIMILAR REPAIRS TO THEIR ECONOMY! THEY ARE THE 5TH LARGEST EXPORTING ECONOMY IN THE WORLD!
THE WORLD OIL PRICES BEING CHALLENGED MAY BENEFIT THE VND MORE THAN WE KNOW DUE TO THE ABUNDANCE OF OIL AND GAS THAT THEY HAVE!
I BELIEVE IRAQ WILL PICK UP MARKET SHARE AS WILL VIETNAM TO THE LOSS OF OTHER BRIC COUNTRIES! CHINA BENEFITS BECAUSE IT GETS CHEAPER OIL FROM VIETNAM AND IT BENEFITS AS THE LARGEST HOLDER OF THE DONG!
AS I HAVE SAID IN THE PAST THE DONG WILL BE A DONOR CURRENCY TO THE YUAN NOW CONSIDERED THE SECOND RESERVE CURRENCY !! DOC
PS IT MAKES SENSE THEY WOULD HAVE A REALISTIC RATE AT OR NEAR THE TIME THE DINAR GOES BUT WE DON'T KNOW TIMING FOR SURE !!
notthe1 IMOF26 ... EVERY THING IS DONE ... CBI&GOI ARE ONE .... WELLS FARGO IS NOW ON BOARD WITH DINARS ... WAITING FOR WF TO TELL US.. PEACE ON THE BORDERS ... USA TROOPS ... EVERY WHERE. I-TEAM HAPPY ...
I have a question ... who benefits from a 20,000 Dow? Financials? oil ? WAITING FOR THE BIG REVEAL ...
Frank26: We The USA with economy and her ........... USD.
LoveThisFamily » COM approving budget is huge news! (Even if it isn't truly new news, but rather finally shared news,lol)
As I understand it, Parlaiment has already read the budget before it went to the COM for adjusting? One down......
wilbur grodan December 23, 2014 at 2:13pm MARKETS are suggesting TONIGHT will be PIVOTAL
[..Sambo] latest sednet update [10:25:34 AM]
Sambo .: HEY BUDDY - how are you doing
sednet1: Better, bleeding has been stopped. slept well. Doc was just in, he was very pleased with the clarity of the "flow" Said will be removing the Cath today, and then monitor voiding. Might even get to go home late today. Praise be to God!
Sambo .: PRAISE GOD!!!!!!!!!! That is SO great to hear - everyone has been praying for you
sednet1: Please thank everyone for all the wonderful prayers. They have to be the reason the surgery not only was able to be done yesterday, but was so successful.
Johnnie (John MacHaffie) will be off line from Dec 29th Monday and hopefully coming back on Sunday January 3rd. I am having a multiple bypass surgical heart operation in Orlando, Fl. I am 67 years old and a first operation for me. My trust is placed in Our LOVING LORD and HIS ANGELS. And I really do appreciate the prayers and kind words of our wonderful readers. Thank You All! John MacHaffie.
The Nesara blog will be ongoing with my son ‘John Glenn’ and various backup moderators to keep us alive!
[BigDog-OH] How to protect your credit card online http://www.cnet.com/how-to/how-to-protect-your-credit-card-online/?tag=nl.e404&s_cid=e404&ttag=e404&ftag=CAD1acfa04
[BigDog-OH] Dow tops 18,000, S&P hits new record after GDP http://www.reuters.com/article/2014/12/23/us-markets-stocks-usa-idUSKBN0K10YW20141223
[BigDog-OH] Dollar pushes higher after strong U.S. growth data http://www.reuters.com/article/2014/12/23/us-markets-forex-idUSKBN0K000720141223
meme10: questions on Market rate and Forex rate... FOREX doesn't have a rate. It is a place where the rate is displayed to the public. We know what the rate is. We have been told that rate. But it is displayed or shown at a level where the public doesn't see it.
When the currency world is ready to display it to the general public, then it will be displayed on FOREX. At that time we will see the rate fluctuate as currencies normally do.
Then the market rate will be displayed on FOREX. Similarly, our stock exchange displays the rates of stocks and you can see them fluctuate daily when you look at the Dow Jones or NASDAQ.
Gstealth7: Delta 12/22/14
DELTA: "DARK LIQUIDITY" ... Is very serious for Iraq... The remedy is to raise the value of the currency ... (Abahdi speaking to the parliament) "About the reserves at the CBI of Iraq, our goal is not to touch the reserves from the CBI of Iraq, we (GOI) will never touch the reserves from the CBI of Iraq... Some countries governments go to the CBI and drain out the whole reserve creating problems for that country.
Iraq will not do this! There is another way we can benefit from the reserves of the CBI of Iraq, we are trying to activate the plan and there is two parts we're going to use, a small portion from the central bank of Iraq to deposit that small portion from the CBI of Iraq in a trade bank of Iraq and then the bank will start lending money to the Iraqi citizens then the government of Iraq will pay the interest.
The interesting part of the second thing Abahdi said was, "we can use the reserve of the CBI of Iraq for the "Economic Reform" ... He almost said the "Currency Reform" (Abahdi) right away he corrected his comment by saying the "Economic Reform"/ (Dinarland)-which is what we're waiting for ...
We all know that the central bank reserve is used for stability etc. Abahdi also mentioned that there were many who hadn't been paid for months because they have no liquidity he also went on to acknowledge that they can't survive the private sector / free-market economy if we don't raise the value of our currency. (Notes from Franks call) Sorry for typos.
TaroPatchII: RE: Bank Bail-Ins by Mark Nestman (Opinion Piece)
It's Official: The Worldwide Bail-ins Are Coming
In case you missed the announcement, Cyprus-style bail-ins are coming to a bank near you.
On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money.
The governments of these 20 countries are now supposed to put these arrangements into law. Most, including the US, have already done so.
You could be forgiven for not paying much attention to the G20 meeting, because it was mostly “more of the same” – the latest plan to have central banks inject trillions more dollars into the global economy.
But the G20 also endorsed a proposal with a mind-numbingly tedious title: Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution. Not exactly a page-turner. Your average American is more likely to watch Chicago Fire than to delve into the minutiae of the global financial system.
But this proposal profoundly changes the rules for banking globally, and not in a good way. Deposits in banks that are “too big to fail” will be “promptly recapitalized” with their “unsecured debt.” This avoids those nasty taxpayer-funded bailouts that proved so politically unpopular during the 2008-2009 financial crisis.
And the largest chunk of unsecured debt is your bank deposits. Insolvent banks will recapitalize themselves by converting your deposits – checking accounts, but also money market accounts and CDs – into stock.
Thus, when you deposit money in a bank, you’re taking the same risk as someone buying a stock. Or, for that matter, betting on a horse named “Falling Star” at the local racetrack. Because, in effect, that’s what banks are doing with your money.
The G20 has also officially declared that derivatives – the toxic contracts Warren Buffett calls “financial weapons of mass destruction” – are secured debts. Since your bank deposits are now only unsecured debt that the bank has pledged to a secured creditor, guess who gets your money if the bet goes the wrong way for the bank? Answer: It’s not you.
Heads, the bank wins. Tails, you lose.
Fortunately, “insured deposits” won’t be subject to this treatment. In the US, 100% of deposits in insured banks are protected up to $250,000 per depositor, courtesy of federal deposit insurance. But it’s hardly reassuring that this fund has a reserve ratio under 1%. For every $100 on deposit, the FDIC has less than one dollar to back it with.
This is still a lot of money – $54 billion at the end of September. But it’s dwarfed by $6 trillion in insured deposits, not to mention derivatives contracts with a total value of nearly $300 trillion. Indeed, the failure of just a single major Wall Street bank could exhaust the fund.
Federal law authorizes borrowing from the US Treasury to make up the shortfall, but when a banking crisis hits, it’s not likely to occur in a vacuum, as I described in this essay. Lots of other people will be demanding a handout, many of them with stronger political connections than you or I could ever hope to muster.
How bad could it get? Well, under the scenario the G20 just blessed, uninsured bank depositors would be even worse off than account-holders in the government-owned banks in Cyprus that became insolvent in 2013. Their claims were considered superior to those of derivative counterparties. Some uninsured depositors got almost half of their money back (although at one government-owned bank, they got nothing).
A more apt example would be Lehman Brothers. When it declared bankruptcy in 2008, unsecured creditors got about 21 cents on the dollar.
You might be wondering why the G20 made this decision. The obvious incentive is to avoid politically unpopular bailouts of megabanks that are “too big to fail.”
But there’s a less obvious reason as well. The G20 hopes that you’ll invest in government bonds backed by the “full faith and credit” of its member governments. That will have the effect of keeping down interest rates on the alarmingly high debt carried by almost every G20 member.
How can you protect yourself?
The most important precaution is to minimize your exposure to the banking system. Keep bank deposits well below the deposit insurance maximums. Accumulate physical currency, precious metals, and other “real assets.”
Diversifying your investments internationally also makes sense, but because bail-ins have now gone global, it’s no longer as simple as just opening an account outside the US or whatever other country you live in. Use only strong, well-capitalized banks to hold the funds you keep in the banking system. Look for banks with as high a level of “Tier 1” liquidity as possible – 25% at the minimum. (By comparison, the minimum required in the US is only 6% to be classified as “Well-Capitalized.”) If you have at least $500,000 or so to spare, open an account with an offshore private bank that has no commercial lending or derivatives exposure.
I don’t know when the next global financial crisis will hit. But when it does, I do know who will pay for it. And it won't be the bankers or the financial geniuses who designed the "financial weapons of mass destruction" that led to their downfall.
Get your assets out of the “too big to fail” banks – now. It’s only a matter of time before the SHTF.