[Papajack] Good morning, it is being said that Egypt is exchanging at $3+ Intl rate but nothing here yet. We all know you know who doesn't want us to get it so be ready for anything. Pray that Good triumphs over evil and we get our blessing. However we have heard all of this before keeping in mind that the devil is still in charge of the US Corporation. Others are saying Santa is coming to town.
[Papajack] You know it is possible that we will have group exchanges for awhile before it goes public.
[Papajack] Nothing is for sure in Dinarland
[Papajack] It's like being Rodney Dangerfield, we get no respect.
[Papajack] Remember the USA is the last bastion of Cabal control
[Papajack] I can't wait for them to do the perp walk.
[Papajack] I'm gonna go make some calls I'm hoping we get some good info for the weekend
EXOGEN September 12, 2014 at 2:23pm
DJIA 16,963.78. -85.22
S&P 500 1,983.85. -13.60
NASDAQ 4,566.31. -25.50
GOLD NOW AT 1228
EXOGEN Note: This is also tied to the Price of OIL
Michelle Walton > EXOGEN Are we waiting for it to go to 1200?
Ranger4564 > Michelle Walton so it seems.
[BigDog-OH] Gold Falls to Eight-Month Low Amid Signs of U.S. Growth
[BigDog-OH] Asia Currencies Have Biggest Weekly Drop Since April on Fed Bets http://www.bloomberg.com/news/2014-09-12/asian-currencies-head-for-biggest-weekly-drop-since-march-on-fed.html
[BigDog-OH] U.K. to Sell First Yuan-Denominated Bonds for Currency Reserves http://www.bloomberg.com/news/2014-09-12/u-k-to-sell-first-yuan-denominated-bonds-for-currency-reserves.html
Landons Nana: Blue [formerly BlueyesinLevis]...most of Iraqis are NOT hoarding IQD and the currency is in tatters. They have exchanged their IQD for USD. Once the change happens...USD will be withdrawn and officially it will not be the coin of the realm any longer...
the IMF has strict rules of Article 8 that must be complied with...the auctions will be discontinued. No longer will they have two currencies. Truth is they already have Lower denoms on the street...USD. But those days will be over in some period of time after the rate is lifted in whatever way they lift the rate...float ( Not...likely) or a staging rate or whatever.
they will have to release their own lower denoms...but I guarantee you they will not print a boatload of them...
they are going to make it so that most citizens and merchants and taxi drivers, etc, are forced to use digital money. I dont know about the timing but overall that is what is gonna happen and why they can lift the rate any time because initially the USD can be used as lower denoms and it forces them into the banks and to go digital.
Add in that as they all exchange their USD for the digital IQD...the CBI will rake all that USD on the Iraqi street back into their reserves becoming even wealthier with every transaction and digitizing their monetary system right off the bat. ALL JMHO.
AWAITING SANTA BLESSINGS
62 years ago, I tiptoed down the stairs hoping to see what Santa brought me and yes the red sleigh was under the tree!
Today - Now eagerly awaiting Santa’s deliveries of the dinar exchange --- or should more rightly say the LORD’s Blessings. May GOD Bless you all in these hours of amazement!
IRAQ HAS FORMALLY RV --- LOOK FOR SANTA’S ARRIVAL!!!!!
walkongstick : Russia and China may destroy petrodollar 11.09.2014
Actions of the West in Eastern Europe and ongoing pressure on Russia may eventually intensify the movement to combat the petrodollar. The biggest danger to the oil currency is likely to be related to China and its plans to increase the role of the yuan in the world.
Russia and China currently discuss the creation of a system of inter-bank transactions, which would be an analogue to the international system of bank transfers - SWIFT. This was announced by First Deputy Prime Minister Igor Shuvalov after talks in Beijing.
"Yes, this idea was discussed and supported," he said, when asked about the possible creation of an analogue to SWIFT in bank transactions between China and Russia.
SWIFT is an international interbank information transfer and payment system. The system is also known as SWIFT-BIC (Bank Identifier Codes), BIC code, SWIFT ID or SWIFT code. The system was founded in 1973; 239 banks from 15 countries acted as co-founders.
SWIFT is an association established under the Belgian law. More than 9,000 banks from 209 countries (as of 2010) act as founders. Headquartered in Brussels, Belgium. The number of SWIFT users exceeds 10,000 organizations, including about 1,000 corporations.
Each bank in the system has a unique SWIFT-code. To make a payment in Europe, it is enough to know the SWIFT code of the bank and the IBAN-code of the recipient. SWIFT processes over one million remittances daily.
After September 11, 2001, the CIA and the US Treasury gained access to SWIFT information. Annually, SWIFT processes about 2.5 billion payment orders.
Curiously, the UK proposed limiting Russia's access to SWIFT for only two weeks. Russia once again shows that it may abandon the dollar, if necessary, on its own terms.
The Russian authorities intended to reduce the dependence of the financial market on SWIFT after the first wave of US sanctions, when international payment systems Visa and MasterCard refused to work with a number of Russian banks.
According to Shuvalov, Russia also discussed the creation of an independent rating agency with China. Specific proposals are to be made by the end of 2014.
With regard to China's payment system UnionPay, which is expected to become one of the partners of the Russian national payment system, the system is ready to cooperate fully and provide necessary infrastructure.
"As for the payment system, it is clear what to do and how to move on, then the settlement system by analogy with SWIFT is an idea that we all liked today. We proposed it, and took it positively. We will begin to work it through," said the first deputy prime minister.
All this indicates that the Eurasian Economic Union will gradually abandon the dollar. Barack Obama's presidency may go down in history as the time period, when the dollar began to lose its influence. Obama already faces accusations of destroying the foreign policy of the United States, let alone the fact that he is referred to as the worst president in the history of the United States. The end of dollar hegemony will undermine the status of the world's reserve currency, which will trigger the fast and uncontrolled collapse of the American empire, zerohedge.com website said.
As soon as Russia and China show that it is really possible to abandon the dollar, especially given the fact that the United States is pushing for this, other countries will follow their example.
I certainly thought this article to be true but IMO the USA and petro $ will be stronger than its competition once the dust settles. I cant imagine the authors starting a new system that they dont rise to the top of but ?
Frank26: Later. Right now it lowers the cost of oil barrels.
Competition is REALLY a GOOD thing.
jdtolle » September 12th, 2014, Opportunity now
What you have right now, right here, is opportunity. Whatever you’re doing, whatever commitments, plans and challenges you may have on this day, you also have an abundance of opportunity.
With your actions you can add richness to your own life and the lives of others. With the way you choose to live this day, you can make it a day that makes a real, positive difference.
You can learn, grow, build, create, teach, assist, connect, laugh, love and enjoy. In every moment, in every situation, with every person you encounter, there is the opportunity to create new goodness.
Remember that there are good and valuable opportunities available to you. Choose to align yourself with those positive opportunities rather than any negative assumptions.
The opportunity of now has great potential for value. Today, you are positioned to bring that value to life in unique, meaningful and enriching ways.