6 Reader Thoughts on “Iraqi Dinar Will Likely Be Demonetized”
Post From JC Collins Blog
Greenearldotcom: September 14, 2014 at 2:58 am I’m certain many reading this will not be very happy, still watching this all play out like it is, I suspect you are more right than wrong.
After what our involvement has brought the Iraqi people, I have to agree helping us become rich would be pretty low down their list of things to do. Appreciate your comments. On the other hand then, holders of Dong might have better luck for some of the same reason the Dinar may not. Would that me a fair statement?
JC Collins: September 14, 2014 at 11:26 am That would be a fair statement. Though there are some challenges with the dong as well, such as the M1 money supply, but as I’ve written previously, this could be overcome under the right conditions. Economically and geopolitically Vietnam has always been a better bet than Iraq. Unfortunately people see what they want to see.
Roger Parness: September 14, 2014 at 5:10 pm People do see what they want to see. And they want profit from what ever unlikely source. I wonder what chain of events would be good for the Iraqi people. Perhaps an absence of depleted uranium would be helpful.
Phoenix Rising: September 14, 2014 at 12:29 pm This was the conclusion that I had also come to after seeing the US force an outcome in the formation of the new Iraqi government.
The former prime minister Maliki and his government had initiated currency swaps and deals with Russia, Egypt, India, China plus a few other nations all with the aim of trade between the signing nations therefore bypassing the US dollar.
Seeing such efforts as we have seen to destabilize Iraq via ISIS in an effort to exert control by the US on the new government of Iraq tells me the US hopes to overturn these deals made by the former Maliki government.
The clear and present danger to the US petrodollar by these currency swap deals are now in danger of being overturned by the new US controlled Iraqi government.
The central bank of Iraq had telegraphed plans of moving to a multi-currency backing basket and therefore dropping the de facto peg to the US dollar which would have resulted in a new associated rate for the Iraqi dinar.
What we are witnessing is currency war…between the BRICS and the US dollar/Euro. If the US succeeds with it’s take over of the Iraqi government the chances that the central bank of Iraq will de-peg from the US petrodollar are slim to none.
A rogue act by the central bank of Iraq could happen via the prompting of outside dollar opposing forces but if that does happened I fear the action would be short lived and corrected by force. I am watching closely as the situation is live and fluid.
James Krilich: September 14, 2014 at 1:34 pm I believe… The 40 countries now responding to protect the new Iraq government are simply protecting the value of the dinar they have hidden in their vaults. The huge debts of all the countries of the world can be offset by the Iraq dinar – after the currency revalues.
The 40 countries aiding Iraq are doing so for their own benefit. They need the Iraq dinar to revalue to pay off their debts.
Each dinar note is an Iraq IOU that when sent back to Iraq becomes a payment discount for the purchase of Iraq oil.
The dinar currency is a vital interest of the US; and the families that own the Rothschild/ US Federal Reserve. The 2013 and 2014 Iraq budgets, when approved and made public, have a huge deficit which immediately creates a built in profit for the Rothschild owned Iraq central bank.
All new Iraq political appointments have been vetted to insure the huge deficit budget in approved; allowing the international banksters to control the currency and the USA politicians to offset USA debt of printed fiat currency – via a revalued Iraq dinar.
I have invested in the Iraq dinar and Vietnam Dong.
Dripfood: September 14, 2014 at 8:03 pm Hello JC, I would like to offer a possible perspective of the global elite. Now that global financial control is fully established, time has come to implement the plan of the 7 regions of the world.
On the one hand, the nation states that fall within a given region, must be united. On the other hand, the regions themselves need to be divided against each other.
There are several ways to unite a region. One is through exhaustion by internal warfare. The other is through fear of a common enemy. Unfortunately, friendship is much too unpredictable and con controllable for global rulers.
I believe that the exhaustion route is chosen for the Middle East and other underdeveloped regions that lack militarily dominant nations.
On top of becoming internally united, the developed regions will need to divided toward each other. Positive sentiments in Europe towards America and Russia are being severed. And we’ll probably see more negative propaganda in North and Central America towards South America.
Secondly, each region will need to develop its own military power centre. The American military and security apparatus has already started delegating its power into each region. It will be made to appear as if each region is militarily sovereign, but they will be directed through a fully centralized security aparatus.
I predict that the blitzkrieg like movements of ISIS will become region wide and quite intense for some years. The movements of ISIS will reveal the future members of the Arabian Union.
The sparsely populated Eurasian region (dominated by Russia) will be setup as the ‘unreasonable region’, the bully region. It will probably be the region that will create conflict and be destroyed when the 7 regions need to be united in another 77 years.
So what we see in Ukraine, Syria and Iraq, might not be solely a powermove by American industry. I can see it being a step towards the establishment of the 7 global egions.