Post From Real Community Engagement
Chat Room Excerpts & Highlights
RCE Thursday Late PM Chat 9-15-16 Part 2 of 3
Scarlet:We have never been shown the checklist of what all is necessary to let an RV go. May be a long time for all we know.
Scarlet:Garmst, yes it is about rehydrating the economy worldwide, and here
MajorX:I definitely see this RV unfolding, but there is no check list because it's a slow process, and we've been in it for a while. What most of us are concerned about is exchanging our foreign currency for a profit. Yes this will occur, but I don't see it occuring the way the "gurus" claim with all these outrageous rates.
The public will get a different rate from those that participated privately.... the private groups. The private groups will get the contractual rate, the public will receive most likely the international rate with zero's removed.
No one dares to bring this up, but that is how i see it unfolding. THere will not be millions of overnight millionaires, unless ur in a private group.
Scarlet:The econ is now so dead, that it needs a quick start kick in the ass. Money needs to be spent for that to happen, and they ought to know y'all will prolly spend it all..........
Scarlet:MajorX, the zero's from mycurrency are impossible to erase.......they are printed in words........just the rate may be rather low for the public
Dragonfire:One rate for all, remember contract rates was another tony creation
Dragonfire:As was 800# and redemption centers
Scarlet:Private groups were contracted at a particular rate, it was not a tony creation.
Dragonfire: Scarlet, any evidence
MajorX:Tony TNT has nothing to do with private groups, his job was to prevent many from participating.... and he succeeded
Scarlet:One group I am in talked about contract rate, and that was long before tony ever showed up.........thats howI know
MajorX:contract rates are private rates...nothing to do with international rate for the public.
Scarlet:MajorX, yes that is true. Public or intl rate may likely be different
Scarlet:but not a lot, I don't think.....?
MajorX:just because your IQD says 1000 000 on it, does not mean they can come up with some way of just giving us the international rate, say 3.71 with 3 zeros removed....
MajorX:can = can't
Anonymous:Yes there is, go read the IRaq banking laws, I believe 24-28, they have the option to not honor any dinar outside of Iraq.
Anonymous:Now, I don't believe the IMF and other indentities would allow that to happen, but they do have that option
Scarlet:Anon, Iraq will honor dinar outside their country, if they want to do global business.......
Dragonfire:Iraq already does global business in usd
MajorX:yes, I meant that iraq could just pay rate with 3 zeros removed....
Anonymous:Yea, they could honor lower demons that will be but into system world wide but they don't have to honor the current dinar
Scarlet:Iraq must use just one currency, the dinar. So they will have to honor their own currency
Scarlet:MajorX, Iraq is not paying us for our dinar. It will exchange here in the u.s. and then be used to purchase goods from them, and thats when it will circulate back to Iraq, in payment for those goods.
Scarlet:Economy is about money circulating.
MajorX:Scarlet, I pray you are right.... if that were true, then why the need for private groups and private rates?
Dragonfire:Dinar is not a reserve currency, so they will still trade in usd internationally anyway
Anonymous:scarlet , don't believe that dinar will go back. It will be destroyed, but not going to go into that discussion
Scarlet:Part of the IMF ''rules' for their Monetary Reform is that Iraq must have their own single Sovereign currency.
Scarlet:That was ''published'' several years ago stating so........
Anonymous:scarlet that is true, but trade in the world is done with USD,
Dragonfire:Did the imf stipulate a rate they must have too?
MajorX:all we care about is what we will get at time of exchange....
Scarlet:Anon, the days of USD being the global currency are coming to a close
Anonymous:So they can have there own currency but still do trade with USD as many other countries do now, and why china has pushed to become a reserve currency that could be used too
Anonymous:Dragon no they have not
Scarlet:Dragon, no Rate has ever been quoted, officially.........
Dragonfire:Things are working ok for them now, they is why there is no urgency for an rv
Anonymous:Lets play devils avocate, Iraq is a exporting country it is in their better interest to keep a low currency like china, like Vietnam for trade purposes.
Scarlet:Dragon, Iraq is slated to go on the Stock Market though. Its a huge part of the Monetary Reform and growth. So they must get a revalued international rate for that to happen
Dragonfire:Will their stock market only trade in iqd?
Anonymous:scarlet, no they don't, they need to get a international currency , the rate can stay the same, the vnd has been valued for over 40 years and they are still surviving
Scarlet:If american dollars are used to purchase stock on the Iraqi Exchange, it will have to first be exchanged into dinars.......
Anonymous:with over 40 trillion in circulation , they cannot support a high rate, either, that dinar will have to be removed, or the calculations do not work out
MajorX:I don't think this is about any one particular country anymore, we are now global, and the process is global... it all has to go simultaneusly
Scarlet:when we bought bicycle wheels made in germany, our dollars had to be exchanged to German Marks first, then the company got paid in Marks.....
Dragonfire:Their market can reflect stock prices in usd if they want
Scarlet:But you see how that company dealt only in Marks........
Scarlet:In fact we got email the other day from that german company, and we sent pics of the bike with their wheels on it, and they were elated to see that....
Dragonfire:Its up to the company or country to determine what currency they accept
Scarlet:Dragon, they did not accept american dollars, it first had to go through that exchange TO Marks..............see what I'm saying?
Dragonfire:That german company could hold usd in a multi currency account for their internation purchases...its up to them
Dragonfire:The point is they can accept usd if they choose to
Scarlet:Imagine if you will, a company in Iraq at the end of the day having to sort out currencies from 40 different countries........what a pain that would be..........see?
Dragonfire:Exactly, thats why they trade in usd
Anonymous:Companies, have the option to accept payment in any currency they choose to accept.
Dragonfire:The buy and sell in the same currency
Anonymous:In most cases , USD is used worldwide,
Scarlet:Dragon, you aren't seeing things here.......are they going to sort out all diff currencies from 40 different countries? Each country is going to have to have their currency exchanged for dinar, so the company only has to deal in one currency......
Anonymous:Yes, there is a push to use other currencies, but the USD is still dominate in transactions
Scarlet:Look, the USD is no longer going to be the world reserve currency anymore
Dragonfire:Scarlett, people will send them usd
Scarlet:This is changing
Anonymous:scarlet, companies have been accepting different payments for years, nothing has changed
Scarlet:Anon, not really so. The currency gets exchanged to the currency of that country, thru a bank, which is not real obvious
Anonymous:scarlet, the USD will always be a reserve currency, as for as the dominate one, that is left to see what happens and only speculation of what will happen
aremel:Ok ... so I am gone for a day and we devolve into people who talk about money? Oh the horror! (rofl)
Dragonfire:Scarlet, iraq will hold the usd they receive to facilitate their off shore purchases
Scarlet:Like the price of the wheels was xxxMarks which is equal to xxx dollars......they werent the same numbers.........so they got exchanged at a bank as we used a credit card......then was given to the company in xxx Marks
Scarlet:They also minused the tax, because we weren't citizens of their country. Only citizens pay their national tax, as we do not use their resources like roads etc
Dragonfire:I buy good from china and japan in usd now..nice and simple. I dont care what they do with after that