"Re: The GCR Began Last Week" by TJ - 5.12.19
"The GCR Began Last Week" - Sam Oliver Update 5-12-19 Link
TJ: This hits the nail on the head.
Tariffs, properly applied, naturally force the values of currencies to their correct levels relative to each other, and as they correct themselves the tariffs naturally reduce themselves to zero as the correct relative currency values are achieved.
This levels the playing field naturally and then keeps it level as nations' circumstances change over time.
The big 2 that must be corrected now relative to each other are America and China, and as they correct themselves, all other nations' currencies will more easily correct themselves too with a little help from some tariffs as required, which would fade away as their correct relative levels are also achieved.
This would allow fair trade rather than geopolitics to determine the relative value of currencies.
I think of this in the same way as a governor naturally keeps the speed of an engine running at its optimum speed, and the automatic feathering of the blades on a windmill keeps the windmill blades naturally turning at their optimum speed. Keep-it-simple-stupid (KISS) principle, which always works best and maintains itself without requiring constant adjustments.
This would not change the fact that each nation's currency would be gold-backed, it just keeps the relative values of currencies correct. Nations would still be limited to the amount of currency they could issue based on their gold / other assets.
This system change has now started and could get mostly done quite swiftly, as all nations must be aware of this change in the system and would want it done quickly in order to get trade settled down ASAP.
This is where the 80/20 rule could apply. We could get 80% there in 20% of the time it would take to complete the whole required change. Perhaps the 2 weeks of major global financial upset that we have been warned about is the time to get 80% finished with required changes to currency values.
This would mean that the whole process would be essentially complete in 10 weeks, when we would then enter into a holding pattern with only minor changes to currency values after that time.
If this is what is happening, it would naturally achieve the RV without announcements, and is perhaps what some were referring to when they told us that the way the RV will actually happen is different to what we have been led to believe. TJ
Frank26 video: 5-12-19 https://youtu.be/j1nMZtpUAZw?t=1
Iobey777: Thank you FRANK for the video!! Loved the "RED for a REASON" comments! IMO, it tells me we are still very much under "code red" and on High Alert for "something" to come forward!!I like the words strong, build, support, surgical, "operation"....Yessir...go Trump! get this thing D O N E!!! looking forward to the CC Monday night!
Gem: Remember within the next week to 10 days the First Bank of Iraq will be opening the doors in SA. So will a international rate come with it? time will tell IMO.
Don961: America issued a warning to its citizens in Iraq
The United States Embassy in Iraq on Sunday urged US citizens to remain vigilant over what they described as mounting tensions in the country.
In a statement, the embassy advised Americans not to go to Iraq and called on those present to avoid going to areas where they were known to be present and to maintain contact with their surroundings.
US nationals in Iraq are involved in supporting security forces, humanitarian operations, archaeological excavations and a variety of economic projects. link
"New Q... Boom Week" by Sierra (NZ) - 5.13.19
Entry Submitted by Sierra (NZ) at 1:05 AM EDT on May 13, 2019
After a ten day absence, Q is back. The four new posts indicate that this is the week we have been waiting for... https://qanon.pub/
Q drop number 3332...
'BOOM WEEK AHEAD.
Treason doesn't pay well in the end.'
And Q drop number 3334...
'Attempts by Dems, FAKE NEWS and those 'guilty of TREASON' to shape
the public narrative [prior to] by providing FALSEHOODS will FAIL.
TRUTH TO LIGHT.
NO SLEEP IN DC.'
The report on corrupt former FBI Director James Comey is due out any day. Q re-posted a great meme from an Anon - it features a picture of a bomb with MOAB on it, heading straight for a James Comey lookalike who says, 'Shit'.
Q has said 'C before D'. In other words, the Comey report will be closely followed by the DECLAS. We can expect a mighty cascade of bombs to rain down upon the Deep State in the next few weeks. No wonder there is little sleep in corrupt DC.
Meanwhile the RV is reaching its optimum timing for release. Two pieces of information give me cause for great optimism...
a) There will be a full audit of USA gold reserves for the first time ever
b) President Trump has stated that the Chinese tariff money will go to the US Treasury, NOT the Federal Reserve. Bingo!
Do ensure that you have made all your preparations for exchange. What is the most important word to live by before, during and after your currency exchange??
Where We Go One We Go All.
Love and Light Sierra (NZ)
Todonuevo: So the stock market took a 450 point plunge this morning, is this a sign?
Dakotaman: todonuevo A sign that investors are nervous about china trade war and impending conflict in gulf
Harambe: Bloomberg: China Announces Tariff Retaliation to Take Effect on June 1 https://www.bloomberg.com/news/articles/2019-05-13/china-announces-tariff-retaliation-to-take-effect-on-june-1
SusanaC: harambe..the good news from the china tariffs are cheaper goods for the us from the ASEAN and that include Vietnam!!!
Tishwash: IMF spells out conditions for Zim Dollar return
Strengthening the independence of the Reserve Bank of Zimbabwe (RBZ) and improving its governance and controls will help improve the confidence required for Zimbabwe to reintroduce a local currency to ease the prevailing liquidity crisis, the International Monetary Fund (IMF) hassaid.
Zimbabwe abandoned its currency in 2009 in favour of a basket of multi-currencies dominated by the United States dollar to halt hyperinflation which had rendered the local unit worthless. But rising demand for the greenback which outstrips export receipts has pressured government to consider bringing back a local unit.
Last month, Finance and Economic Development minister Mthuli Ncube told Bloomberg TV that a fully-fledged currency will be in place within 12 months.
IMF Resident Representative for Zimbabwe Patrick Amir Imam told Business Times that it does not matter which currency regime is in place as long as the pre-requisites for currency stability are met adding the decision on whether to introduce a national currency rests
“Having said all this, strengthening the independence of the RBZ and improving its governance and controls will further help to gain confidence in the new currency,” Imam said, adding that the financial autonomy of the central bank has been challenged in recent years, as it extended significant credit to the government through statutoryadvances.
“Thus, improving the governance and financial autonomy are prerequisites for a more independent central bank to conduct monetary policy, and will help further the stability of the new currency.”
The central bank was accused by economists of failing to rein in government’s expenditure through issuance of Treasury Bills (TBs). TBs issuances increased to US$7,6bn by end of August 2018 from US$2,1bn in 2016. Treasury Bills to GDP ratio jumped to 36,5 percent by end of August 2018 from 4,4 percent. According to Treasury, these TBs were issued through private placement unlike the auction system, which is more market-oriented and improves the process of price discovery and better pricing. Treasury reported last year that government’s overdraft at the central bank was US$2,3bn against the stipulated limit of US$762,6m in the eight months to August. Government borrowing from the central bank is capped at 20 percent of its revenue in the previous year.
Before his reappointment last week, central bank chief John Mangudya was under pressure from political actors who were lobbying against the reappointment, blaming him for rising prices triggered by the shortage of foreign currency.
Imam said there “is a common understanding among all stakeholders” that Zimbabwe needs a stable currency to prosper adding that there are pros and cons of having a dollarised system in place or a local currency.
“The history of Zimbabwe has shown that a dollarised system can succeed as it did after the hyperinflation period, when the right conditions were in place, or that it can fail, as it did in the past two years when the pre-requisites are lacking,” Imam said.
“Similarly, Zimbabwe’s history also illustrates that having one’s own currency can work, as it did after Independence, or fail, as it did in 2008/09, depending on whether the macroeconomic conditions for stability are in place.” –
Source: Business Times link
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