[eleanor] 911GTS stop and think, where is the dinar going that you turn in
[911GTS] eleanor for oil, BUT NOT to pay the world debt!!! there is not enough oil in the world for that
[911GTS] this has turned from a way to pay off war bills to a global re finance
[eleanor] 911GTS think again
[911GTS] eleanor on what
[eleanor] 911GTS your dinar is goiing to the bank then to the ust treasury right
[eleanor] and you are going to get what?
[911GTS] us cash in my account
[eleanor] 911GTS you are going to get mostly digits in your account and a little cash in your pocket
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[911GTS] that's fine, it all works
[eleanor] 911GTS Now where are the dinars going from the UST?
[tinker] The fed
[911GTS] eleanor there counted and used as oil credits for the us
[eleanor] 911gts no
[eleanor] 911GTS they are going to china
[eleanor] and China will swap for oil
[911GTS] china, because we sold them the rights?
[gr8teth] eleanor YEP!
[eleanor] We will use dinar at USt TO PAY debt we owe to china
[911GTS] ok, well we do owe then
[eleanor] a lot
[911GTS] what about the world
[gr8teth] Bush said it would eventually be a wash as to the cost of the war and what we are reimbursed, correct?
[911GTS] and what about the oil, do they sell it to us
[eleanor] Now china will have the Dinar and deal for oil at 32 dollars per barrel and sell to world for 83 dollars (today)
[eleanor] Now what does China do with the profit
[911GTS] ok, hummm,
[911GTS] buy more material to make more stuff
[tinker] Last time I checked China owned 8.6% of our total debt...while it's a large number it is not as huge as people perceive
[eleanor] They now have dinar paid by the US to retire debt and that dinar is worth x number of dollars and they can't use it all in one day to get oil
[JamVox] eleanor why would the US sell their Dinar to China when we will use them to by oil at 32 dollars per barrel per agreement/ Doesn't make sense to pay to market rate.
[911GTS] JamVox we are paying off debt we owe to china
[eleanor] JamVox Doesn't it make more sense for china to have the oil, logistically
[eleanor] If we have enough here
[911GTS] eleanor well there is no more storage here for it
[JamVox] eleanor they don't have the oil. China wasn't in at the start of the plan in Iraq
eleanor] JamVox trust me the deal is made
[911GTS] but they do own the purse strings
[JamVox] eleanor really, not!
[eleanor] Why do think gurus are saying I hope you like chinese food
911GTS] so does this rase the rate we will get at the banks?
[eleanor] JamVox I believe the chinese are more involved than you realize
[JamVox] eleanor you believe lol
[eleanor] 911GTS I don't think there;ll be a ridiculous rate, I won't turn it down if it is, but looking for something along the lines of Randy Koonces prediction + a little for inflation
911GTS] and in return we buy our oil (from iraq) via china and they buy off our debt and back the rv cash
[eleanor] Now the bank rate may be a little higher depending on how much money they think they can make on the volume of deposits they'll have
[911GTS] china is the key then
eleanor] 911GTS I doubt we'll ever see a barrel of that oil
eleanor] yes china a key
[911GTS] it still doesen't solve the world/europe problem
[eleanor] 911GTS If china kicks in, and US isn't strapped with unmanagable debt and can then take funds along with china and fund europe maybe
[eleanor] But remember we don't like the Euro, Dollar is king
[911GTS] and who made this deal with china and the us for iraq oil
[911GTS] that will certainly keep the dollar king
[eleanor] 911GTS I wasn't there I couldn't tell you lol
[Aremel] I sure wish I knew all this smart people stuff.
[gr8teth] The Euro was a failed financial experiment that lined some fed reserves pockets
[911GTS] as the world turns
[eleanor] One of the other alternatives would be to put Dinar in several of the central banks around the world and let them use it for their capital reserves
[911GTS] well it has been a learning expirance
[Aremel] I haven't learned but one thing in this whole process ... and that is ... I have a lot to learn.
[911GTS] but, none of this works without the bloody RV! push the button!!
[eleanor] One of the things we need to remember is that although there are trillions of Dinar out when they are cash in, it will take a small percentage of actual cash, most of it is digital
[eleanor] 911GTS Best Post of the DAY