Aggiedad77: FAMILY....in case you missed it.....The Sandman posted this earlier this morning.....from the Arabic side of the CBI this morning.....a great news announcement....they continue to pull dinar into special accounts....just this week alone...slightly over 1.1 trillion dinar.....this dovetails in nicely....IMO....with Frank's post #199 where he states.....4 trillion in just 2 weeks....Holy Toledo.....that is mucho dinar in such a short period of time.
FAMILY.....the CBI is talking....listen for them....watch for them.
Thanks Sandman for all you do
The Sandman :02/23/2014 Declares the Iraqi Central Bank on the amounts transferred to special accounts for foreign currency auction this week was (1,175,536,428) just trillion.
Read More Link on Right
Frank26 wrote on February 23rd, 2014, TY DELTA ....NOVA for the time this morning!
It's all on the arabic side of the CBI.
4 TRN in two weeks.
another mailman : I'm guessing you won't find huge piles of dinar stacked like this at the banks now.
Frank26: Hmmm....... Ok ........ Let me help if I may please. Actually .......... It's been that way for almost two years now. Around the end of 2011 LD's were loaded at banks.
It created less room in the bank's main vault.
They started stacking them once they were tagged to be sent to the CBI that would in turn send them to contracted companies that will ........... Destroy them....... Once inventoried and electronically credited.
So in all honestly ............. Let the 000's pile high for all the banks care ........... There's a new rate coming for Iraq's future in the bank vaults called ........ LD's.
Now that is something worth protecting ............ Their Monetary Reform.
Right now ....... Iraqi Banks ........ Grand Openings.
KTFA,Frank .......... Then again ....... What do I know?
[damsel] China Downplays Yuan, Banking Risk as Zhou Sees 7% to 8% Growth By Bloomberg News Feb 23, 2014 10:00 AM CT China’s Finance Minister Lou Jiwei played down yuan declines and the risks from shadow banking as central bank Governor Zhou Xiaochuan signaled that the nation’s economy can sustain growth of between 7 percent and 8 percent. China’s expansion prospects are suitable for the nation and can boost global economic growth, Zhou said. The country’s services industry has overtaken manufacturing while its contribution to global growth is about 30 percent, Lou said in a statement posted on the People’s Bank of China website. Possible defaults in some wealth-management products don’t reflect a “big problem” and recent yuan weakness is within the normal range, the finance minister told Bloomberg News. China is stressing the resilience of its economy even as efforts to rein in leverage and expand the role of markets has prompted analysts to forecast the slowest pace of expansion since 1990. Group-of-20 policy makers meeting in Sydney pledged a coordinated push to boost growth by more than $2 trillion over the next five years. The G-20 communique singled out China among emerging nations exhibiting “continued solid growth,” changing the language from a draft seen by Bloomberg News that hadn’t named the world’s second-largest economy.
[damsel] china is not doing that without a reset
[damsel] G-20 policy makers yesterday said they will aim to lift collective gross domestic product by more than 2 percent above the trajectory implied by current policies. Global growth will accelerate to 2.9 percent in 2014, the quickest pace in three years, according to the median of forecasts compiled by Bloomberg. It will be 3.1 percent the following year
[damsel] This week, we learned that China started to dump U.S. debt during the month of December. Many have imagined that China would try to dump a flood of our debt on to the market all of a sudden once they decided to exit, but that simply does not make sense. Instead, it makes sense for China to dump a bit of debt at a time so that the market will not panic and so that they can get close to full value for the paper that they are holding. As Bloomberg reported the other day, China dumped nearly 50 billion dollars of U.S. debt during the month of December... Read more at http://freedomoutpost.co ··· qP9fJ.99
[damsel] the dollar has to be replaced with asset backed currency
[damsel] This is how I would do it if I was China. I would try to dump 30, 40 or 50 billion dollars a month. I would try to make a smooth exit and try to get as much for my U.S. debt paper as I could. So if China is not going to stockpile U.S. dollars or U.S. debt any longer, what is it going to stockpile? It is going to stockpile gold of course. In fact, China has been voraciously stockpiling gold for quite some time, and their hunger for gold appears to be growing Read more at http://freedomoutpost.co ··· qP9fJ.99
[damsel] According to Bloomberg, more than 80 percent of the gold that was exported from Switzerland last month went to Asia... Read more at http://freedomoutpost.com/2014/02/china-starts-make-power-move-us-dollar/#gEfykso4kuIqP9fJ.99
[damsel] As China (and eventually the rest of the world) moves away from a U.S.-based financial system, the consequences are going to be dramatic. Read more at http://freedomoutpost.com/2014/02/china-starts-make-power-move-us-dollar/#gEfykso4kuIqP9fJ.99
[damsel] jmo we are not given a choice but to go along and get along with a new asset backed currency
[damsel] While the U.S.’s 2.9 percent predicted expansion is the fastest after New Zealand among Group of 10 currency nations, China’s GDP will increase at more than twice that pace at 7.5 percent, slowing from 7.7 percent in 2013, the data show.
[damsel] 2.9 is actually a very optimistic number but could be they are taking into account the reset. they would have to if they want to be accurate
[damsel] does anyone know what the 2013 rate of growth was here?
[damsel] i know it was revised down several times
[tommy864] i think it was 4.1
[damsel] U.S. economic growth for the second quarter was 1.7%. That's better than expected, but only because the expectations were so low. In absolute terms, for an economy in mid-recovery, 1.7% is a lousy growth rate. And growth in the first quarter was revised down to a pathetic 1% Read more: http://www.businessinsider.com/why-economic-growth-is-so-slow-2013-7#ixzz2uAxXBya0
[damsel] of course they give a rate for each quarter
[damsel] but that doesn't add to 4.1 i sure wish that was the rate
[tommy864] your right
[damsel] so if they are saying 2.9 i'd say they are looking at factors only a few know like dinar investors lol
[damsel] One of the big reasons the U.S. economy sucks is that, after three decades of ever-more obsessive focus on "shareholder value," our corporations and their owners have become myopic and greedy. Instead of investing in the future, and sharing more of their vast wealth with the people who generate it (their employees), they are hoarding their cash and maximizing their short-term profitability. This business philosophy might--might--prop up their stock prices for the near-term. But it's also gutting the middle class and crippling the overall economy. And, in the process, ironically, it is constraining revenue growth for the same corporations that are trying to scrimp and save their way to maximized profitability. Read more: http://www.businessinsider.com/why-economic-growth-is-so-slow-2013-7#ixzz2uAyUdLAU
[tommy864] 4.1 was for july,aug.sept.
[damsel] Real GDP in the United States grew at an annualised 3.2 percent pace in the fourth quarter of 2013, as consumer spending grew the most in three years. The "advance" estimate released by the Bureau of Economic Analysis matched the expectations.
[damsel] you take all 4 quarters for an annualized estimate
damsel] what concerns me are the fuzzy numbers we get like wall street while jobs go away and prices go up??
[damsel] figures don't lie but liars figure
[damsel] hard to get at the real truth