[rotorhead] Iraq wealth -- that is a really interesting article that you posted with the link. Sort of 'coincidental' that they are doing a currency reset. I believe we will be in a period of a lot of currency resets out of necessity because of the national debt loads, and the foundation of Bretton Woods agreement is crumbling.
[iraqwealth] rotorhead thanks
[rotorhead] An aritcle posted earlierr stated that the resets would involve the wiping out of ALL debt between nations (any country that did not go along with the new set up would be ostracized and monetary life would be difficult for them). THe reserves of the nations would include the IQD -- interesting that Shabibi (Central Bank of Iraq) said ealrier that the IQD would be a 'reserve currency" and the strongest one in the mideast.
[iraqwealth] rotorhead do you have the link?
[rotorhead] Well at 8/10ths of a cent, although we don't have alll the facts and would not want to hasten to judgement, it sure seems like some really big change for the IQD is in the wings for Chabibi's statements to have any validity, and his statements I would ascribe a lot of weight to.
Read More Link on Right
[buddydog] rotorhead Reading your comments requires me to keep reminding myself to BREATHE!!! Thanks
[rotorhead] I had it sent to my email on my iPhone. Let me see if I can did it up and post it. It make take a few minutes.
[rotorhead] Buddydog - I understand that requirement -- even if I am not concentrating on the IQD. :-)
[rotorhead] How do I post the thing -- I think we are limited to so many words in this dialog box? THe original 'article' was posted around 29 July -- I believe on PTR. I do not know by who.
[rotorhead] #1: Found the below post on PTR. Though short, I thought it was well written in its explanation regarding the inter-connectivity between the Revaluation of the Dinar and the world-wide financial reset via all currencies being ASSET based. This 'reset' of the world's finances has been a long time planned and coming. Along the way tidbits of info surfaces although the workings is at the highest levels of finance and governments.
[1966Edition] CountryGirl59 sorry I had to bail on ya....had a contractor show up to fix my roof
[rotorhead] #2: A year ago July 1st, it was quietly announced in a broadcast Fox News program that all of the world's currencies will hereafter be asset based, rather than fiat paper money issued with no backing. Since that announcement we have seen a quickening of this MANDATE have its affect upon world finance.
[rotorhead] #3: This 'reset' will remove ALL DEBT between Nations. For the USA, all nations, especially China who holds much of USA Debt, are being forced to forgive all debt instruments they have purchased from the US Treasury. In exchange, they themselves will be given a 'free-pass' on their debt too. Plus, they will have their national currency asset based, which include those government HOLDING Iraqi dinar....sort of like a 'paper' gold, but it directly linked to the international value of the Dinar
[rotorhead] #4: ....sort of like a 'paper' gold, but it directly linked to the international value of the Dinar itself. In other words, using China as our example, they will 'forgive' billions, if not trillions of US Debt but will compensated with Iraqi dinar being held in their central banking system.
[rotorhead] #5: You can see then, that to get all the world's countries to play along, although they are being FORCED into this, is a monumental undertaking. But it is being done by the world's central banks and 'if' any nation wants to have access to future funding, asset protection, international trade and asset sharing, those countries MUST comply. Therefore, I thought that this post from the PTR web site was very well, but briefly explained.
[walter-bs] rotorhead may I ask who made the original post or title ty
[rotorhead] Below will be the post - it is somewhere on this site but I do not know where. I found the article really well written and it certainly bolsters the high RV outlook: I apologize for taking up so much 'bandwith here".
[rotorhead] Walter - I d o not know and could find out in a day or two but in meantime I will post it here in segments
[walter-bs] rotorhead ty
[rotorhead] #A: Hi Dinar friends, Haven’t posted on here lately, for the simple reason, the time wasn’t near. Many says the RV has been held up, I say it wasn’t due yet. Actually the timing of the RV as you well know is for global reset. We can be assure of this by the simple comments Shabibi has said in the past stating, “the Iraq Dinar will be a reserve currency”, and “the most valuable currency in the Middle East”.
[rotorhead] #B: Understand, when the global community resets, there can not be debt between one country to another. Debt will be forgiven worldwide, countries will base the value of their currency on the assets they have or hold. Many countries will use the Iraq currency held as an asset. This was not the beginning intention of the Iraq Dinar, or was it?
[rotorhead] #C: We as the lower element in this, and yes I will say investment, is not privy to the big plan of global reset, but we see evidence of it progressing for the last couple of years. Here in USA, we see the national debt rise dramatically every second and yet we hear nothing of our congress or government saying a word of how they plan on reducing it. Why is this?
[rotorhead] #D: Simply, there is no way to reduce it. It has gone past the point of a solution. And this is the case worldwide. If left on the path we move on, the global financial sector will self-implode within the next 2 years or sooner. This is why the Iraq Dinar will be a reserve currency, held by every central bank in the world. It will be a or the major asset used to start each country over. To give each country a base starting point. Just like we heard the two major banks in Iraq restructure.
[rotorhead] #E: They had to be zero out, then re-financed or provided a new starting balance by the World Bank. The same will be for each Central Bank. It will be zeroed out, then provided (already set in place) a new balance of assets (Iraq Dinar) as a starting point. Yes, each country will have provided what it has as assets prior to adding Iraq Dinars (already done). Basically, as IMF stated last year, “the world strongest currency”, will be a reserve currency or the asset that will start or assist each
[rotorhead] #F: Not sure if you have watched closely the articles about Shabibi or CBI. The last one was quite interesting, where the Director General of CBI stated that they had to initiate the “delete the zeros” (RV) at the beginning of the year, 1/1/13 (which is Iraq’s beginning of their fiscal year) due to the fact that the problems of two currencies would be impossible for every bank in Iraq to maintain.
[rotorhead] #G: Then right before this article, another surfaced, where Shabibi says the new currency would not be ready in time (1/1/13) but he had enough coinage to cover the “delete the zeros” process and would move ahead on schedule.
[rotorhead] #H: Here is, to me what I enjoy even more. If Shabibi is determined to begin the process with our currency (lower denoms) and start specifically on 1/1/13, then the value of the currency has to rise or RV prior to releasing this on 1/1/13. This means, the RV, has to be in 2012. Initially, I thought it would have to be as close to 1/1/13 as possible, but since our currency will be used, it can happen any time prior to 1/1/13.
[rotorhead] #I: Since Shabibi has stated publicly he will use the coinage (25 and 100 Dinar coins), makes sense to me he would add in the 50, 250 and 500 Dinar notes currenty being used on the streets, as this would cause less trouble since this is what’s left the Iraqis are holding already. We know Shabibi, being as slick as he is, has devalued the Dinar in the past to draw in all the large notes (completed).
[rotorhead] #J: Then, his task is to increase the value of the Dinar so the Iraqis will have confidence in the Dinar (meaning the value HAS to be higher than $1) and let loose of the US Dollars, causing the de-dollarization in Iraq and the RV at the same time. Even though this process is a global reset, Iraq still has to do their part while not letting on to the Iraqis, that Shabibi took them for a ride to accomplish what he had to do.
[rotorhead] #K: We are at the end of this “investment” ride and we will see what we seek in the near future. What rate, what date? Well if it has been said by Shabibi, the Iraq Dinar will be the most valuable in the Middle East, I believe tells what the rate will be, and the date is this year. Look at all Middle East currencies presently and this should help you determine the rate.
[rotorhead] #L: The same time this happens, you’ll see new US currency stating US Treasury (on top) instead of Federal Reserve notes (bye bye Federal Reserve), you’ll also see the demise of the Euro and each country going back to their currency as it will be asset backed by the worth of individual countries. I will say before the elections, this will be done. POSTED July 29, 2012.