Dinar Speculator Member Chat: Where Do Dinars Come From? Part 1
charlie ok so who is doing their homework?
guardian count me out, been busy with family
Jade Hey Moppy, chandler1, b1955 .. we are just being wacky over this chat being back...
Jade Watched and read a lot this am
charlie Please watch this now if you can:
gigi3 Thanks, Charlie.
Jade Watched this earlier...very good!
guardian that was excellent!
gigi3 Very useful.
Jade Makes me want to study North Dakota and start our own banking system!
gigi3 I thought about that this afternoon, Jade.
guardian i'm sending it out right now to my email contacts
gigi3 Good plan, G.
charlie Jade you are right
guardian could be, but i don't know
Jade Ok, lets study
charlie did anyone watch the oil videos?
charlie Jade, you are on your game!
charlie my chats will avail little without watching and reading what i post
Jade Have seen a current - today - report that the US oil is not decreasing right now?
charlie it will in the next month
Jade I love how they swear it is not crashing ... fill up the tank and cherish the royalty check!!
charlie it will be down to 600,000 barrels per day by june
charlie there's a lag from rig to production numbers
Jade G, willyou show me later how to send those you tubes please
Jade I knew it had to happen ... you saw the ero is at its lowest point in 12 yrs?
guardian i am still in shock 8-| after seeing that video, i had no clue the Federal Reserve was that bad
guardian drawn on an account that has NOTHING in it...geesh!
Jade That's why I want to study the banking system in North Dakota ... they got away from Fed reserve
charlie nothing at all
guardian me too Jade
charlie private banks can be fed free
guardian that's a relief
Jade and loan only what they have
charlie i will get into money creation tonight
charlie we own dinars
charlie where do they come from?
Jade YES WE DO!
charlie when we look at M0, M1, M2 we need to understand why it goes up, and up, and up and up and....
Jade Mine came from a company in USA
Jade Getting educated properly!!
Roadrunner good deal Jade
guardian just fine, soaking up info
Roadrunner absolutely excellent!!
Jade What is M0 M1 M2 ?
guardian money supply
charlie If you didn't get a chance to watch the videos before tonight's chat, I advise you watch afterwards and then review the chat again
Roadrunner different tiers
charlie yes i posted the definitions in the glossary
charlie Just did that a few minutes ago
Roadrunner thank-you Charlie
charlie you are welcome roadrunner
charlie at some point i need to make a beginners guide, because we will be moving on very fast going forward
charlie the money people try to confuse us, they do a good job at it
Roadrunner that is for sure
Jade That would be good - have memory issues anyway
charlie roadrunner, have you seen our other chats yet?
Roadrunner very nice chat last night
Roadrunner I have seen 2 of them Charlie
Roadrunner I am catching up on the reading
charlie we have so much to cover, i may have lost a few with long drawn out boring non-dinar conversation but it's all connected
Roadrunner one can never learn too much
Roadrunner and then associate it together for the bigger picture
gigi3 I need to study it so I can articulate it... as suggested.
charlie so i begin tonight with a very important question: where does money in the our central banking system come from?
charlie if you watched the video on money creation, you might be shocked
Jade I guess we print it as wa ted
charlie we were asked by our parents: "do you think it grows on trees?"
Roadrunner tax payers, stock market,, list is long
charlie truth is stranger than fiction
charlie it comes from THIN AIR!
charlie IT IS CREATED OUT OF NOTHING
Roadrunner there ya go
tudor charlie, what a cool room!!
charlie HEY TUDOR!!!
tudor what did you do in here lol
Jade Welcome T
tudor its cool!
charlie so how does it come from thin air?
tudor hey Jade
charlie fractional banking allows banks to take your money deposits (anywhere from 90% to 100%) and loan it out at interest
preacher man It's just printed like ours
tudor Roadrunner!! hey sweety
tudor hows your back?
charlie most of the money in circulation is not printed
tudor nope, digital isnt it?
charlie it's keystrokes on a computer into a system
Jade Yes, the minute we got into here!
Roadrunner not good tudor- but managing- thanks
charlie so lets say Jade goes to the bank and deposits $1,000
charlie the bank credits her account with $1000, puts $100 in the vault
charlie Tudor walks in and asks for a $900 loan
tudor alrighty lol
charlie they take Jade's money and give Tudor $900 because legally the can
tudor and I run like he......
charlie how much money now exists
charlie 1000 + 900
Jade right behind you
charlie Tudor goes to the store and buys a computer so she can chat on DS
tudor good for me!
guardian what about all the NSF Fees they incur?! (lol)
charlie the store owner deposits $900
charlie what do you think happens next?
guardian oh that's right, they're exempt
charlie the bank takes the 900, puts 90 in the account and then borrow 810
guardian they loan out the $900
Roadrunner and the cycle is complete
guardian and a very vicious cycle
tudor thats amazing charlie
charlie and this goes on until a $1,000 deposit becomes $10,000
gigi3 No wonder debt accumulates so quickly!
tudor do I get to keep the 900 hahahaha
charlie if we go back to the beginning of the process at the Fed, it's more astonishy
gigi3 YOU get to pay the interest!
charlie yes exactly
charlie the Fed lends money to the govt at interest
charlie money that doesnt even exist
jerry but Fed Reserve pays dividends to owners!
charlie if you lent me money by writing a check, i would deposit that check
charlie yes the owners are the banks
jerry sorry got ahead of you
charlie good one jerry, not ahead
charlie i like the fact you are engaged!
tudor thats better charlie
charlie tudor thanks! i need my chat to stand out more
tudor that will do it lol
charlie but this might be over doing it!
jerry u stand out now!
charlie how is this?
guardian yea that one smarts!
tudor nice, that stands out now
Roadrunner I am not blind in one eye
guardian last one is good
tudor slightly larger than the rest, just right
charlie i'll go with blue too
tudor good choice lol
guardian yes good choice
charlie to understand how the fed works, please watch the video, it's animated and entertaining
charlie the CBI was created similarly
charlie iraq is a smaller version and does things slightly differently
charlie but when we hear someone talk about currency circulation, we need to understand that the increase is a product of economic growth
charlie i have heard lopsters talk about "whoa, look at the amount of dinars in circulation! lop time!'
charlie they don't know what they are talking about
charlie an economy that is growing, under this system, will naturally experience a growth in currency
charlie as iraq's gdp grow's, so will the the amount of dinars (not printed, but in computers)
charlie the issuance of bonds is a way to increase money supply as the govt borrows
charlie bonds are simply IOU's
charlie anyone can buy them, the big players are banks and central banks
charlie they gain interest and if the country (like the US) is relative stable, it's a good safe investment and a hedge against inflation
charlie money that sits devalues
charlie you need to stay ahead of your own inflation
charlie remember that rising prices is the sympton of inflation, which is simply the increase in money supply
charlie lets take a look at ira
charlie click the first year and change to 2003
charlie do the same for all three
tudor oh wow! what a change
charlie now look at gdp
tudor all three went up dramatically
tudor make that all four
charlie gdp since 2006 as reported is nearly 5 times more
charlie this is why money supply increased in iraq
charlie businesses and people are borrowing to do whatever it is they are doing
charlie another chart to look at since 2003 is oil production
tudor bumpier, but still way up
charlie this is one of my favorites - gold reserves
tudor big jump
preacher man What about all the money that was skimmed off the top from all of the corruption?
preacher man Is it a total loss, or will they be able to get that back?
jerry holy maceral (sp)
charlie money is money regardless of who's hand's its in
guardian they found Maliki's and Sharistani's at HSBC
charlie nathan rothschild created an empire that is worth 1 trillion
tudor they are working to get some of it back
guardian and a few more people there
charlie but its a good question preacher man
charlie the oil in that ground is greater than anything that iraq does wrong in the beginning, yes 10 years is still a beginning
jerry do they really have all that gold?
charlie yes, but not in country
jerry got it
charlie which is always a concern, nonetheless they have a claim
charlie so shifting back to money supply
charlie if your money grows and your gdp doesn't, you got a big problem
charlie unless you are the US and all your money is in central banks around the world
charlie the fed introduced nearly 4 trillion since 2008 into our system
jerry all in key strokes or gold
charlie the dollar flows farther than any currency
charlie it travels the world
charlie china owns 1.3 trillion in dollars
charlie japan is closely behind
charlie iraq doesn't flow the same
charlie dinar circulation to gdp in iraq is truer than dollars
charlie iraq wants a stable currency and they really do have one
charlie give me a minute...
tudor but they need more value
tudor heck, we need them to have more value lol
Jade they will before we collect!
guardian stable because backed by gold?
tudor very true Jade
charlie good point tudor - value vs ?
tudor I think your right guardian
charlie gold immensely helps to stabilize
charlie value vs the euro - the dinar increased
Comments may be made at the end of Part 2 Thank You