Post From Wealthwatch.world Chat Room 9-4-15
Wealthwatch Special Butifldrm & OOTW Chat 9-4-15 Part 1 of 2
WE HAD A FUN AND ENLIGHTENING CHAT, LATE NIGHT, 09-04-2015.
WE TALKED ABOUT IRAN COMING OUT OF SANCTIONS, AN EMAIL I RECEIVED STATING THAT ABADI MADE AN IRAQI-TV ANNOUNCEMENT THAT THE CONSTITUTION MAY BE SUSPENDED, AND WHAT I THINK THIS MEANS;
ALSO, WE DISCUSSED THE POTENTIAL FORTHCOMING DEVALUATION OF THE USD - WORLD ECONOMIC NEWS OF INTEREST - AND MUCH MORE!
HOPE YOU HAVE A GREAT AND SAFE LABOR DAY WEEKEND. HUGS, OOTW
Butifldrm: Hello everyone :grin:
Butifldrm: chattels hope you are doing well
chattels: there is no compromise for the fanatical
Butifldrm: I know I have been away for a while but I am back now
chattels: ‹@Butifldrm› welcome back - do you bring words of wisdom and revelation for us ?
Butifldrm: I see you all are discussing some geopolitical things
Butifldrm: Words of wisdom.........Hum get out of the stock market :grin:
Butifldrm: I have been in cash for some time now
chattels: the danger in the merger of state and religion and comparative differences in our constitution and Iraq's
Butifldrm: there are 26 world economies now including the top three in a sovereign debt crisis
chattels: ‹@Butifldrm› never owned a stock in my life for better or worse
Butifldrm: ‹@chattels› there is danger in our own country right now , just as in Iraq
Butifldrm: We see a huge mess in all countries
BOBBY: Chattels. ...... seems like the religious pressure has yielded results
Butifldrm: Iraq is a victim of religious/sectarian war
Butifldrm: ‹@chattels› you are a smart man
chattels: ‹@Butifldrm› very kind and generous of you to so say
Butifldrm: I love the fact in Iraq that the Sistani is still after the the government to reform the judiciary
Butifldrm: because they/Iraq cannot reform to rule of law unless the guily are brought to judgement
Butifldrm: ‹@BOBBY› ‹@chattels› have you noticed it's not just Iraq?
chattels: ‹@Butifldrm› i have some concern that if all of the guilty are judged that there will be no one left to lead
Butifldrm: Just about every country in the world is corrupt and the corruption is being brought to light
Butifldrm: ‹@chattels› absolutely
Butifldrm: This has been a huge concern of mine
BOBBY: Butifldrm. ........ any thoughts on what this may lead to?
chattels: ‹@Butifldrm› I have been talking about " scapegoating " for some time now
Butifldrm: As of Iraq, I see corruption at the worst - Butifldrm: the loss of 312 Billion
Butifldrm: the people are starving and no jobs Butifldrm: Iraq is in collapse
chattels: History and justice are often determined by the powerful
Butifldrm: They have a huge liquidity problem
Butifldrm: they can't pay anyone because they have not diversified their economy
Butifldrm: the people in charge were to busy stealing
Butifldrm: truth is if anyone can turn this around it's Abadi
chattels: I have few illusions about absolute justice temporally, but I do hope for the perception of it and a workable reform outcome
Butifldrm: So let me go her. Iraq is not the only country in the same shape
Butifldrm: ‹@chattels› me too
Butifldrm: I see the cup half full
Butifldrm: Truly I know the USA is in much worse financial state than Iraq.
Butifldrm: Iraq cannot print it's way to prosperity
BOBBY: Butifldrm. ........ that is a bold statement
Butifldrm: we need to hold on to our beliefs
Butifldrm: Bobby look at the debt to GDP ratio for Iraq compared to the united states
Butifldrm: it's not bold it's the truth
BOBBY: i am in agreement
Butifldrm: we just have the blessing of the petro dollar and the ability to print money
Butifldrm: look how much money the people of Iraq loose converting the IQD into dollars
Oneness: actually blessings of king of saudi to use dollars for petro
BOBBY: i do not believe there is any short term fix
Oneness: but when king passed away ... another reality started to emerge
chattels: most every economic system is a house of cards dependent upon the perception and confidence of it's particpants
Butifldrm: ‹@Oneness› yes, I was surprised to see that Saudi would still continue to give hold to the petro dollar and that came out last week
Butifldrm: China, is the key here
chattels: when we are not the reserve currency of the world we will be in big trouble
Oneness: moving into ... a new world order
BOBBY: Oneness....... agreed
Butifldrm: China has sold over 100B of USD bonds in the past two weeks
Butifldrm: You don't see that on Fox news
Butifldrm: but it was in the WSJ
Butifldrm: They devalued their currency by selling our bonds
Butifldrm: look it up
Butifldrm: China holds much more of our debt
Oneness: ... so where do the dollars go ...?
Butifldrm: when they sell our debt who buys it?
Butifldrm: we do
Butifldrm: and our national debt goes up
Oneness: viscous cycle then i suppose
BOBBY: a vicious circle
Butifldrm: viscous for us
chattels: ‹@Butifldrm› What is your belief as to the amount of U.S. dollars in circulation or does anyone know ?
Butifldrm: do you know that Jack lew has sent multiple letters to congress to increase our debt limit since March
Oneness: ... replacing hamilton with a women ... just to show us how lonely and great and powerful our bank is ... :dizzy:
chattels: ‹@chattels› Same question for IQD if you care to opine ?
chattels: ‹@Butifldrm› Same question for IQD if you care to opine ?
Butifldrm: ‹@chattels› We are about 19 trillion in debt, even if we found that number i probably would not believe it because of the market manipulation
Butifldrm: chattels, the same answer, the corruption in Iraq! Who could believe any number that comes out of there
Butifldrm: think about this
Oneness: in comparison ... how much iqd was printed ... 40 trillion ... ??
Butifldrm: so we see from articles that Iraq has 38-40 Trillion Dinar in circulation
whitelions: ‹@Oneness› Whats wrong with replacing Hamilton with a women if she is qualified ?
Butifldrm: but we see article this week that North Bank cannot give people money from their deposits because of a lack of liquidity
Butifldrm: Iraq has a liquidity problem
Oneness: and ... do you think there is a record of every cbi bank note .... serial numbers on all 40 trillion notes stored in computer records somewhere?
Oneness: i think hamilton opposed the central bank
Butifldrm: they do not have the money in circulation to provide for invvestment
Butifldrm: ‹@Oneness› yes
Oneness: so ... what better way to thumb your nose at those who value great men ... replace them with a women
BOBBY: Butifldrm. ...... so in your opinion, what is needed
Butifldrm: ‹@Oneness› I believe Iraq as long as the rest of the World is going to see some sort of reset
Butifldrm: Iraq is experiencing what we will experience here if this does not happen
chattels: ‹@Butifldrm› I wonder how much IQD is outside of Iraq as opposed to inside of Iraq ?
Butifldrm: I pray to God for mercy
Oneness: agreed, amen
BOBBY: Chattels. ...... i often wondered how much was smuggled out off the record
chattels: ‹@Butifldrm› Would a sovereign investor holding large amounts of IQD be a prime position for investment in Iraq at the right time ?
chattels: ‹@Butifldrm› China for example ?
Butifldrm: I pray for the people of Iraq and Syria because they are victims of our devise
Oneness: @Butifidrim ... there are reasons, both mundane and divine in nature
Butifldrm: ‹@chattels› I have thought about the amount of currency outside of Iraq and Ibelieve it's mostly in dollars -- because it's being stolen from the auctions
Oneness: so where does 40 trillion of anything end up being stored at ...?
Butifldrm: the sad thing is that Maliki had the ability to steal 312 B during his 8 year reign
Butifldrm: The people need this money now more than ever
Oneness: they must have phenomenally security ... rfid even ... on every big note at least
Butifldrm: ‹@chattels I hold the Dinar because when it all shakes out Iraq has less debt than the US
chattels: ‹@Butifldrm› interesting
Butifldrm: I believe the truth is that like chattels said, you have the corrupt in charge of the corrupt and how do you reform under those conditions. No one can run the Government!
BOBBY: Butifldrm. ...... do you believe with the present state of affairs they could even begin to add value
Butifldrm: ‹@BOBBY› I don't thinks so
BOBBY: i would be in agreement
BOBBY: i dont think people see the repercussion s
Butifldrm: When the World economic system changes, yes i will believe so!
chattels: ‹@Butifldrm› Do you assign any credibility to the possibilities of private purchase / exchange on the IQD ?
Butifldrm: ‹@chattels› Hum I have not heard of anysuch thing
Butifldrm: I would not sell my Dinar to anyone at this time
Oneness: @Butifldrm .. Are you interested in Iraq"s sovereign bond sale ... ?? ... if i could i would exchange my small iqd for a bond... personally, i think even if iraq changes forms of government, the chances are they still would honor the soverieign bonds ........ no guarantees , but , ... business is business and really it does not matter who writes the laws
Butifldrm: ‹@Oneness› under the rules of the Bond sale you would make about 5% I beleive
Butifldrm: the bond sale has been extended for a month because they do not have enough investors
BOBBY: would you considere that an indicator?
Oneness: i look at the bond sale as a way to protect capital ($) from government confiscation
Oneness: 5% does not really matter ... especially when looking at world market fluctuations at the moment Oneness: safe haven top priority
BOBBY: execellent discussion folks
Butifldrm: ‹@BOBBY› of course to the Mainsteam investor
Butifldrm: ‹@Oneness› Truley investing in Iraq is a huge risk, but you have to look at the Global Picture -- the two largest economies in the World s are in decline
BOBBY: Butifldrm. ....... plenty of huge companies are making there way over there
Butifldrm: We are at a precipice
Butifldrm: ‹@BOBBY› they were
Butifldrm: China has devalued their currency three times in the last two weeks
BOBBY: i know of some that are, i work for one
Butifldrm: this has affected stock markets all over the world
Butifldrm: Central banks including the IMF are Freaking out
Butifldrm: all their projections are changing
Butifldrm: we need to keep a close look on what is really happening
Butifldrm: China has been the market mover since 2008
Butifldrm: now their economy is slowing down
Butifldrm: china has had the ability to buy our debt since, but now they are selling our debt
Butifldrm: there is a reason
BOBBY: Butifldrm. ....... in your opionion...... what exactly should we watch for?
Butifldrm: Watch China
Donnie: ‹@Butifldrm› :)
Butifldrm: Watch the BRICS response to what is happening in China
Donnie: ‹@Butifldrm› watch China do what?
BOBBY: so are you say China is tied to Iraq
Donnie: China is tied to the world - plus
Butifldrm: ‹@BOBBY› China is tied to the Global Economy
Donnie: if you haven't done any reading on the Silk Road project - please enlighten yourself
Butifldrm: ‹@BOBBY› what currencies dominate the Iraqi economy?
Donnie: The Silk Road project ties China to the ME directly/physically
Butifldrm: ‹@Donnie› absolutely
Butifldrm: ‹@BOBBY› Iraq is pegged to the dollar
Butifldrm: When China de-pegs from the dollar as they have to to become part of the SDR, we will see huge changes in the value of the dollar
Butifldrm: So if Iraq remains pegged to the dollar? What do you think will happen to the IQD?
Donnie: ‹@Butifldrm› shoot up
Oneness: wow .... militant atheism (communist china) and Islam (iraq) .... strange bed fellas for sure ... no reason to think something could go wrong there ... :unsure:
Butifldrm: For years, the IMF have begged them to move from article XIV into article VIII
Donnie: dollar devalues causing Dinar to increase - can be seen here www.xe.com/currencycharts...
Butifldrm: IMO Maliki stopped any movement or currency reform for he and his cronies gain
Butifldrm: now Iraq is suffering immensely
Butifldrm: ‹@Donnie› absolutely I can see that
Butifldrm: ‹@Donnie› All of us invested in the Dinar have to keep a broader outlook on the World economy
Butifldrm: China was buying a huge amount of Iraq's oil to sustain their past economic ventures including fakes cities
Butifldrm: now the too are changing their economic future
Butifldrm: they are slowing down on production and moving toward consumption
Butifldrm: It's a reset of sorts
Butifldrm: ‹@Oneness› when it comes to trade, except for Christians there are no boundries
Oneness: business is business i understand that
Butifldrm: OOTW well sista it's good to see you
Butifldrm: No I did not
Butifldrm: Who said it?
BOBBY: Butifldrm. ....... excellent discussion. ....... thank you
Butifldrm: ‹@BOBBY› I am sure it's going to get better
Oneness: yes ... ty Butifldrm
Butifldrm: and thank you
OOTW: Someone emailed me information that abadi went on TV to announce he may need to suspend the constitution
Butifldrm: Oh Lord
Oneness: i hope so
Butifldrm: He may have to
Butifldrm: truly and that would make him a Dictator
Oneness: love to see the rightful rule returned to the peoples
Oneness: Islamic jurisprudence or whatever its called
OOTW: the clerics are still strongly inciting the protestors to dissolve the judiciary. Let him suspend it. The people are angry about a lack of justice and buying power. Let the protests grow and let him dissolve the constitution. There's a plan and we just have to let it wash out.
Butifldrm: But truly what I have had read Abadi has said he would abide by the constitution for the reforms
Oneness: @ ootw ... agreed
Butifldrm: OK then I can see that
Butifldrm: Sistani basically is saying Mahmoud is gone
Butifldrm: It's in every article today
OOTW: YES AND PERHAPS ABADI HAS NO CHOICE BUT TO SUSPEND THE CONSTITUTION TO DISSOLVE THE JUDICIARY
Oneness: believe it or not ... theoracry is needed for world peace
Butifldrm: WE all know that no one can be brought to justice unless the reforms are in the judiciary
OOTW: AS WELL AS ADDRESS THE THREE PRESIDENCIES ISSUE/LACK OF "CORRECT" LEGISLATION
OOTW: YES BUTI AND I FEEL VERY GOOD THAT THE PEOPLE ARE NOW STICKING TO THEIR SWORDS LOL
Butifldrm: ‹@Oneness› LOL what's going on now globally is far from World peace
Butifldrm: ‹@OOTW› I still say Abadi is the Bravest Man In World Politics today
OOTW: HE HAS TO BE AND HE DEFINITELY NEEDS TO KEEP HIS BIG BOY PANTS ON RE IRAN TOO
Butifldrm: Maliki helped write that constitution and so di the US and it was imperfect
OOTW: IRAN IS STILL BEING SEEN AS EXERTING INFLUENCE RE MALIKI AND OTHER OUTCOMES THEY SEEM INTENT ON SECURING
Butifldrm: Oh yea Butifldrm: I see it Butifldrm: So sad for Iraw Butifldrm: Iraq
OOTW: YES VERY SAD
Oneness: it a beautiful think for Iraq
OOTW: PERSONALLY, I'D LIKE TO SEE THE PROTESTS CONTINUE AND GROW - UNTIL THE JUDICIARY IS COMPLETELY DISSOLVED
Oneness: growing and growing towards theocracy
OOTW: ALTHOUGH I'M SURE THEY WOULD NEED SOME KIND OF APPOINTED CARETAKER JUDICIARY
Butifldrm: I am so worried for the Sunni's since now the sanctions have been lifted on Iran
Butifldrm: The protest are probably mostly Sunni
Oneness: just because america likes the seperation of church and sate doent mean the rest of the world likes it
OOTW: VERY INTERESTING INFORMATION IN THE FORUM ABOUT IRAN'S SANCTIONS AND INVESTORS PILING IN
OOTW: wealthwatch.world/showthr. http://wealthwatch.world/showthread.php?tid=1966
OOTW: ‹@Oneness› YES, THAT'S QUITE EVIDENT IN IRAQ
Butifldrm: ‹@Oneness› there is no more seperation between church and State in the US
BOBBY: Amazing how different the cultures are
OOTW: ‹@BOBBY› VERY TRUE
Oneness: ask the pope about church law and american law .... big differences i assure
Butifldrm: The twelve tribes of Abraham
BOBBY: Cant say i miss that place. lol
Butifldrm: ‹@Oneness› I agree, but I know our constitution
Oneness: interesting ... i do agree with the constitution
OOTW: SORRY BUTI, DID I INTERRUPT YOU?
OOTW: YOU SEEMED TO BE ON A ROLL
Butifldrm: The constitution was written to keep the government out of the Church not the Church out of the Government HELLLOOOOOOO
Oneness: mostly i agree with the fact it can be amended
Butifldrm: ‹@OOTW› Oh no! Butifldrm: You know me - I am so glad to see you
OOTW: YES AND THAT'S WHY I WAS HOPING YOU HAVE MORE INFO ;)
Butifldrm: ok Info on Iraq or the world?
OOTW: THE WORLD WOULD BE GREAT
OOTW: THE PEOPLE OF IRAQ ARE TRYING TO FORCE ISSUES...WE JUST HAVE TO WAIT
OOTW: THE WORLD SITUATION, OVERALL, WOULD BE MORE DIRE, IMHO
Butifldrm: Iraq has no Liquidity and having problems with investors.
OOTW: I HEARD A VERY INTERESTING INTERVIEW ON THE RADIO WITH A SPECIALIST ON CHINA
Butifldrm: The world economic reality makes it harder for Iraq Butifldrm: IE.. the price of oil
OOTW: HE SAID THAT THE PTB RE THE CHINESE STOCK MARKET SPENT A LONG TIME TRYING TO ENCOURAGE INVESTORS TO BOLSTER THE STOCK MARKET AND THAT THAT WAS EFFECTIVELY A FALSE PROP
OOTW: YES TRUE BUTI
Butifldrm: ‹@OOTW› china spent years of building empty cities
OOTW; HE ALSO SAID THAT YOUNGER CHINESE HAVE HIGHER EXPECTATIONS NOW THAN TO GROW UP AND WORK IN A MANUFACTURING PLANT, SO THAT'S VERY GOOD
Butifldrm: they consumed huge amounts of oil
OOTW: JUST HARD TO TELL WHAT'S GOING TO HAPPEN, OVERALL, WITH THEIR ECONOMY RIGHT NOW
Butifldrm: they were the market makers
OOTW: YES, I'M SURE....AND DIDN'T CHINA AND RUSSIA EMBARK ON A DEAL?
Butifldrm: now, thy are slowing down their economy and IMO because the they want to be part of the IMF game
OOTW: THAT MAKES SENSE TY
Butifldrm: Russia and China have been embarking on many games
Butifldrm: You can't build fake cities that's corruption
Butifldrm: china is addressing their black market too
OOTW: YES, IRAQ ONLY MAKES FAKE CONTRACTS AND DOESN'T GO THROUGH WITH THE PROJECT, EXCEPT THE PART WHERE MONIES CHANGE HANDS LOL
OOTW: WELL, THAT'S SOMETHING - IT SEEMS MANY COUNTRIES ARE NOW BEING FORCED BY PTB TO DEAL WITH CORRUPTION ISSUES
OOTW: WHAT DO YOU THINK OF THAT?
Butifldrm: It's amazing how many countries are addressing corruption just like Iraq
OOTW: WHY DO YOU THINK THAT IS? LACK OF LIQUIDITY?
Butifldrm: yes, except for the US
Butifldrm: the people cannot get there money out of the banks
Butifldrm: hold on'
Butifldrm: I can't find the article but Tootsie posted an article where the people could not get deposits out of the North Bank for a lack of Liquidity
OOTW: oh yes i remember that
Butifldrm: North Bank is in Kurdistan
OOTW: hang on i'll find it
Butifldrm: now you have to understand
Donnie: DU 4h4 hours ago.... Economic parliamentary: the investment law will pass next week
Butifldrm: the government has not been paying the people
Donnie: How does he know that??? lol
OOTW: HERE'S THE LINK OOTW: wealthwatch.world/showthr...
Comments may be made at the end of Part 2 Thank You