Money Revaluation and the Currency Reset will Occur Due to Many Reasons
It is evident that the world is ready for a change. The US dollar has been abused so much by the large controlling monetary organizations to the point of no return.
After so many years of lies, secrecy, and deceit totally supported by bribed government leaders and the spying agencies they own; the cat cannot be held in the bag any longer.
The idea behind the IMF and the World Bank was to lift third world countries out of poverty by helping them start developmental projects then let the people take care of the rest. Instead they gave the money to outside wealthy individuals with mega conglomerate corporations to extract these countries’ natural resources which created more poverty and problems instead of solutions.
The new bank will provide a collective foreign exchange reserve and a fund for financing developmental projects in order to address the needs of emerging and poor economies.
The five BRICS nations will contribute up to 10 billion dollars each to launch this development bank. This bank will operate on national currencies, rather than using a single currency and will be used in bilateral and multilateral trade deals.
So for those who are holding foreign currencies Like the Iraqi Dinar or the Vietnamese Dong, it doesn't matter anymore if the IMF or the World Bank revaluate the currencies, it is going to reset itself. Why? Because the BRICS members say that the current global balance of power is unworkable.
The institutions such as the WB, the IMF and the United Nations Security Council are irrelevant in addressing matters concerning global economics. These five countries alone make up over 40 percent of the world’s population and account for more than 25 percent of the global GDP.
Now, have you seen the court video on YouTube Published on May 13, 2012? Where the Federal Reserve being questioned in court and somehow 9 trillion dollars was missing?
How about the 12 trillion dollars missing in 2009, or the 26 trillion dollar in bank bailouts without any authorization from congress, and the list goes on. Any logical person would conclude that this stolen money from the American people is going to affect their economy one way or another; not to mention the loss of confidence in the American dollar regarding foreign investors.
Find out from a video interview of the former US assistant treasury secretary Dr. Paul Craig Roberts, how the banking system and the dollar value have been manipulated for a long time now, while he expects the dollar value to go down at some point. Also how he believes that china is buying massive amount of gold, while India is buying a large amount of silver
Many articles try to debunk the idea of its revaluation (RV), but there are two things to consider; one is the fact that Iraq's economy would not grow without foreign investors.
Secondly if Iraq tries to deny the value of the Iraqi currency held by foreigners; People will see this as dishonest and will deter them from pursuing business deals with iraq altogether; which is the opposite of what Iraq is trying to accomplish.
It is worth mentioning also that the iraqi dinar is not the only currency which will be revaluated. Iraq has to think hard of the many competing countries that will be welcoming business investments opportunities. (Do not put your eggs all in one basket).
Also Vietnam has the second-highest level of oil reserves in East Asia. About 40 percent of Vietnam’s output comes from fields operated by the Vietsovpetro joint venture with Russia. In March 2013 they launched free-trade negotiations, once completed this would deepen commercial links further.
Also China has been investing heavily in Vietnam which means those countries will be going through the BRICS bank not the World Bank or the IMF.
I personally believe it is a safer investment than the Iraqi, only because the country is at peace and it is aiming to prosper using the alternative method to the current system.
China has been pushing to bypass the US dollar for a while now, and with the creation of the BRICS Bank; this is possibly achievable within a year.
In addition, many deliberately suppressed currencies may increase in value as well. The hard metal based assets like gold and silver along with the resources of the country will dictate its currency’s value, as it should have been but currently it's not.