wmawhite ...there is only one way a piece of currency can buy more...and that is when the price of goods decrease...and how does that happen?
When the value of that currency increases in the world market place...and in our case...the IQD outside of Iraq.
90% of the goods inside of Iraq are bought outside and imported. The only way those goods will decrease in cost is by the IQD increasing in value outside of Iraq.
Remember, the iraqi citizen has in his hand a 1,000 IQD note and 5 minutes later the IQD revalues (outside of Iraq), that Iraq citizen's 1,000 IQD note is STILL 1,000 IQD.
Q: [what does your brain tell you when we will see a reval?]
wmawhite My brain tells when this is happening and I am very happy with that...unfortunately my brain didn't come with a timer...lol.
tman23 Parliament needs to pass the investment law...then we should see an immediate response of sorts from the CBI... following the World Bank payment for purchase of Iraq Bonds...
And the World Bank is not going to buy Bonds at 1166 or $1 usd...
And then Iraq raise their currency value...
This is one scene where the horse will definately be before the cart. *
Kilo15 May 12, 2015 at 8:48pm Tweet from Sharif Osman.
I am 99% that Iraq is international now. Tomorrow I will be 100% when I check with my bank.
I am still trying to confirm. Kilo15 out
wilbur grodan > Kilo15 May 12, 2015 at 9:01pm MARKET ACTION - So far this week supports this statement...
Clotheshorse: And yet, another bank story! My friend just called me all excited because she had gone to her Chase Bank to get some cash from her account and decided to ask the teller...."Does the bank exchange foreign currencies and if so, will they be exchanging the Iraqi Dinar after RV? The teller answered "Yes!" My friend is not a woman that find herself speechless often, but she was this time! Mission Viejo, CA! Woo Hoo!
KaseyKo1: Thanks for sharing! This goes in line with my Chase bank in OKC confirming with me how the exchange was going to take place. The branch manager went so far as to provide me info on their wealth management dept and also provided me the business card of their wealth manager since he was at a different location. And even better, this info was given to me WITHOUT my asking!
KTFA Tuesday Conference Call
Approx.. 116 minutes long
The first part of call is Bible Study and the second part is Iraq/Dinar Intel
PLAYBACK # : 760.569.7699 PIN: 156996#
highlander65] “some willie highlights " The global currency reset is going to enable the doubling of the gold price. That’s what the global currency reset is, and I think we are going to see significant steps toward it THIS YEAR, in 2015. The Us Fascist Business Model is Climaxing "
highlander65] JIM WILLIE: The Global CURRENCY RESET is IMMINENT! [transcript]
The US Has Been in a 6 Year Depression
There was a recent article that some 6,000 US retail stores are shutting down permanently.
In responding to what that means for the US economy Willie states, in a May 4, 2015 interview, “it’s stuck in a depression and all the talk of a sluggish recovery is pure nonsense.
It means that the people who run the economic statistics rat-labs are a bunch of clown-liars. The US economy has been stuck in a recession on the order of –2% to -5% on a truly, properly inflation-adjusted basis – for the last 6 consecutive years!"
The US is stuck in a vicious recession, which I think after
3 years qualifies for a depression.
This Will Cause a Big Shock to the US Economy
"You mentioned 6,000 stores being closed down. You have 340 Dollar Tree and Dollar Stores closing down."
Interviewer: That’s an amazing statistic, the Dollar stores. They were a growth business for the longest time and now they’re shutting down. That’s a significant sign in my opinion. Willie continues, "You are not seeing any Walmarts closing down yet, but that’s going to come.
I think the big shock to the US economy is going to come
when Sears announces their bankruptcy.
US Is Using a Fascist Business Model
"The US economy, even now, still has more retail space, per capita, than any other nation in the world. What these clowns in Washington and New York need to do is start building new businesses and expanding existing, successful businesses.
Notice Wall Street’s primary businesses nowadays are bond carry trades. They borrow at zero percent, they invest the 10 and the 30 year… and they’re making money. They’re not making money the capitalist way; they are making money the fascist way-with inflation. The Obama administration has no effing clue how to revitalize the US economy.
They wanted to put money from the printing press into people’s pockets. That was the strategy 4 years ago. It was stupid then, it’s stupid now – it doesn’t work. It can’t inflate the housing market because the primary buyers are hedge funds. They are starting to realize their investments didn’t work out because the tenants are hostile and breaking things.
[1:24] This is what the fascist business model is all about:
Wreck the Economy
Do QE monetary inflation that harms business profitability
Banks that do narcotics money laundering: Bank of America, Citigroup and JP Morgan
Financial Engineering is Derivative dependence
We’re seeing the climax of the failure of the fascist business model that began before 9-11, which began in the Greenspan with financial engineering. That is just a fancy word for saying ‘derivative dependence’ for financial markets.
The fascist business model started in the 90s and took deep root in the 2000 decade and now you are seeing economic failure in the 2010 decade. Expect during this failure to see the rise of the gold standard. I like to offer hope. It will be coming. The reset will set the stage for that with a shock wave.
The global currency reset is going to enable the doubling of the gold price.
That’s what the global currency reset is, and I think we are
going to see significant steps toward it THIS YEAR, in 2015.
The Us Fascist Business Model is Climaxing
It will enable banking systems to use gold in their reserve systems. Therefore, they are going to be dumping Treasuries and buying gold bullion. That’s what the global currency reset is, and I think we are going to see significant steps toward it THIS YEAR, in 2015."
Interviewer: Won’t they need to do more QE first?
"QE is going to soak up and cover the dumped Treasury bonds. That’s Phase One. There is no market left besides the Fed. So the Fed is going to continue QE, and amplify it. I think they are doing maybe $200 - $500 Billion a month in QE, if you count the derivatives, which they NEVER talk about.
The derivatives are failing, especially with the crude oil price coming down. It wrecked all the petrodollar derivatives.
The Saudis are saying they don’t want us anymore as a partner. The Saudis are making some serious movements. A year ago they set up a sovereign wealth fund. I believe it will be used to dump Treasuries and buy gold and silver bullion for the Saudis and maybe some of their neighbor Emirate nations.
Last week, they cut off certain financial entanglements with Aramco, which is their giant petrochemical corporation. THey are disentangling their petrodollar financial instruments.
So when you have the morons and clowns talk about economic recovery, maybe the press ought to ask them, “How do you juxtapose your sluggish recovery with 6,000 job cuts, which include 1,000 from IBM?”
Both Cisco and IBM are announcing layoffs. So the tech sector is even doing good. They are not permitted to talk about recession. Recession is not permitted on editorial and financial pages – it is FORBIDDEN.
It is a fact of life for business journalism . If you want a bullshit report, quote Bloomberg. It’s censorship of the press. It’s sad, and what I’ve noticed in the last 2 or 3 years, the prevalence now of Eastern syndicated press that is extensive. There are a few that are putting out pretty decent economic information:
The Indian Economic Times
The Xinhua Net (in China)
Notice all these eastern names for financial coverage. Why is that? Because they are sick and tired of the propaganda nonsense and what they’re saying about them!