Sent: Tuesday, October 28, 2014 4:36:05 PM
Subject: Dinar: VARIOUS POST OF RUMORS , ETC, RV/GCR
10/27/2014
4 Comments
Subject: Dinar: VARIOUS POST OF RUMORS , ETC, RV/GCR
BELOW IS THE LINK FOR BARCHAR.COM WHICH SHOWS THE IQD IS NOW INTERNATIONAL ON FOREX. HERE IS THE LINK AGAIN IF YOU DID NOT GET IT.
THEN SCROLL DOWN ON THE LEFT AND CLICK ON FOREX RATES AND THEN LOOK ON LEFT AGAIN AND FIND "ALL FOREX MARKETS" AND CLICK ON IT AND THEN JUST FIND THE IRAQ DINAR AND CLICK ON IT AND THERE IS THE FOREX RATE WHICH WILL CHANGE WHEN THE RATE IS OFFICIAL AND CHANGES ON THE FOREX. THEY ARE NOW INTERNATIONAL FOR SURE.
10/28/2014
Dinar Updates:
Poppy3 SAD NEWS BUT A RUMOR, COMING FROM IN COUNTRY SURE MEANS IT IS RUMOR.
THEY SAID TODAY THE RUMOR HAS CHANGED FROM LATER THIS WEEK TILL LATER NEXT MONTH. FROM THEM TALKING LAST WEEK THEY WHERE TRYING TO GO LIVE WITH A RATE LATER THIS WEEK.
THEY ARE NOW SAYING THE RATE CANNOT BE COMPLETED TILL AT LEAST A COUPLE MORE WEEKS WITHOUT MAJOR ACCOMPLISHMENTS HAPPEN[ING] FASTER THAN EVER.
THEY DIDN'T SAY WHY OR WHAT THE HOLD UP IS THAT NEEDS COMPLETING BEFORE THEY CAN GO LIVE WITH A RATE, JUST THAT IT WAS GOING TO TAKE LONGER THAN THEY EXPECTED LAST WEEK.
WE WILL WATCH AND PRAY THIS INFO IS WRONG AND THE RATE COMES SOONER RATHER THAN LATER.
....
Poppy3 SAD NEWS BUT A RUMOR, COMING FROM IN COUNTRY SURE MEANS IT IS RUMOR.
THEY SAID TODAY THE RUMOR HAS CHANGED FROM LATER THIS WEEK TILL LATER NEXT MONTH. FROM THEM TALKING LAST WEEK THEY WHERE TRYING TO GO LIVE WITH A RATE LATER THIS WEEK.
THEY ARE NOW SAYING THE RATE CANNOT BE COMPLETED TILL AT LEAST A COUPLE MORE WEEKS WITHOUT MAJOR ACCOMPLISHMENTS HAPPEN[ING] FASTER THAN EVER.
THEY DIDN'T SAY WHY OR WHAT THE HOLD UP IS THAT NEEDS COMPLETING BEFORE THEY CAN GO LIVE WITH A RATE, JUST THAT IT WAS GOING TO TAKE LONGER THAN THEY EXPECTED LAST WEEK.
WE WILL WATCH AND PRAY THIS INFO IS WRONG AND THE RATE COMES SOONER RATHER THAN LATER.
....
*************************
TNT:
Apaloosa: A feel good article to help you get reved up for PIF......."Wealthy Families Can Give Well To Live Well"................http://
Apaloosa: Interesting Article......."Secret Mansion Buyers Hide Behind LLC's"........http://www.cnbc.
**********
[daz] RV IS INEVITABLE...CASE SOLVED
**********
DC (Recap from Monday CC) We are so close! Iraq did have their new Year’s celebration, wanted to get it done, and the US thought something wasn’t done correctly and...They are getting that done as we speak...
They are referring to this as ‘only a slight delay’, but everyone’s ready. Iraq is looking for a lot of support from a lot of countries, and they have egg on their face because it didn’t happen Saturday/Sunday. Parliament did NOT read the final reading of the 2015 budget, but that is not an essential part of the RV. It’s on the agenda for tomorrow.
A lot of the cards are still showing $3.58, but some international cards are showing $1.18, which is confusing for everyone. In the US, they are still showing around a dollar. In the US, the UN Security Council are not pleased with the US...
At the banks, they were geared up and ready...The UST is ready to go as soon as these slight issues are squared away.
There is a tight timeline in the next day or two, depending. Everyone is ramping up for it to go.
************************
KTFA:
bulldawgal » algorithm: In its most general sense, an algorithm is any set of detailed instructions which results in a predictable end-state from a known beginning.
**********
bullet : Frank,What do you mean, "You dont trust banks($10,000)". Where else can we exchange our currency??? Bullet
**********
Frank26: THINK ........... Exchange and deposit are two different things.
KTFA, Frank
**********
Nova [via BulldogFord65] ...all of us...want to know when we can take the IQD to the bank and exchange for a profit; however, banks don’t care about the exchange rate, they are looking for the algorithm, the mathematical equation that tells the bank or the vendor what funds are available for the requested transaction;
Prices are not seen on the ISX because the algorithm is not there yet;
The ISX is international but the ISX, banks, vendors, etc cannot settle their business yet in the IQD...
The Iraqi banks are ready for the algorithm, we’ve seen branches open outside of Iraq, and they are ready inside Iraq. ...the SDR...it’s essentially a backing basket of currencies that becomes the algorithm that determines the value of the currency;
We are witnessing the launch of the new way the world will value currencies going forward, and it all begins with the IQD.
IMO, the ISX could trade internationally right now, the only constraint is that legally, they must use only IQD for transactions, so until they have the algorithm they cannot trade internationally.
TNT:
Apaloosa: A feel good article to help you get reved up for PIF......."Wealthy Families Can Give Well To Live Well"................http://
Apaloosa: Interesting Article......."Secret Mansion Buyers Hide Behind LLC's"........http://www.cnbc.
**********
[daz] RV IS INEVITABLE...CASE SOLVED
**********
DC (Recap from Monday CC) We are so close! Iraq did have their new Year’s celebration, wanted to get it done, and the US thought something wasn’t done correctly and...They are getting that done as we speak...
They are referring to this as ‘only a slight delay’, but everyone’s ready. Iraq is looking for a lot of support from a lot of countries, and they have egg on their face because it didn’t happen Saturday/Sunday. Parliament did NOT read the final reading of the 2015 budget, but that is not an essential part of the RV. It’s on the agenda for tomorrow.
A lot of the cards are still showing $3.58, but some international cards are showing $1.18, which is confusing for everyone. In the US, they are still showing around a dollar. In the US, the UN Security Council are not pleased with the US...
At the banks, they were geared up and ready...The UST is ready to go as soon as these slight issues are squared away.
There is a tight timeline in the next day or two, depending. Everyone is ramping up for it to go.
************************
KTFA:
bulldawgal » algorithm: In its most general sense, an algorithm is any set of detailed instructions which results in a predictable end-state from a known beginning.
**********
bullet : Frank,What do you mean, "You dont trust banks($10,000)". Where else can we exchange our currency??? Bullet
**********
Frank26: THINK ........... Exchange and deposit are two different things.
KTFA, Frank
**********
Nova [via BulldogFord65] ...all of us...want to know when we can take the IQD to the bank and exchange for a profit; however, banks don’t care about the exchange rate, they are looking for the algorithm, the mathematical equation that tells the bank or the vendor what funds are available for the requested transaction;
Prices are not seen on the ISX because the algorithm is not there yet;
The ISX is international but the ISX, banks, vendors, etc cannot settle their business yet in the IQD...
The Iraqi banks are ready for the algorithm, we’ve seen branches open outside of Iraq, and they are ready inside Iraq. ...the SDR...it’s essentially a backing basket of currencies that becomes the algorithm that determines the value of the currency;
We are witnessing the launch of the new way the world will value currencies going forward, and it all begins with the IQD.
IMO, the ISX could trade internationally right now, the only constraint is that legally, they must use only IQD for transactions, so until they have the algorithm they cannot trade internationally.
Stage3Alpha:
Sqwatchy October 27, 2014 at 9:59pm
WE EXPERIENCED THE CALM BEFORE THE STORM.....LAST COUPLE OF WEEKS
WE ARE NOW....IN THE STORM.....
WHEN IT PASSES...WE WILL COME OUT TO SEE WHAT HAS WEATHERED.
WE....SHALL TO....WEATHER THE STORM.
IT IS HERE!
wilbur grodan October 27, 2014 at 9:55pm Ag is making a move
http://www.investing.com/
....
Sqwatchy October 27, 2014 at 9:59pm
WE EXPERIENCED THE CALM BEFORE THE STORM.....LAST COUPLE OF WEEKS
WE ARE NOW....IN THE STORM.....
WHEN IT PASSES...WE WILL COME OUT TO SEE WHAT HAS WEATHERED.
WE....SHALL TO....WEATHER THE STORM.
IT IS HERE!
wilbur grodan October 27, 2014 at 9:55pm Ag is making a move
http://www.investing.com/
....
***********
Guesses to NEW Exogens Picture Clues/Intel:
Karin Michele October 27, 2014 at 10:58pm For the recent clues, how about: Hearing rumors that the HCL is busting out in less than or equal to 24 hours(10pm Tuesday which is Wednesday morning in Iraq, the 29th) and moving to Article 8 (internationally traded currency) which triggers snow and Santa & Ms. Santa boots and the RV!!!
************
Extra Notes: (KTFA Monday night CC)
BaNDiTo.RoX October 27, 2014 at 10:08pm
IMO Frank now is on High Alert ! Nova called him when he was done with the CC recording.. He says he's keeping watch to about 4 am and IMO Nova also.
Susan A. S. NOVA FOUND SOMETHING, and called Frank AFTER the end of the call.
Frank cannot share what it is.
FRANK SAID, "ONLY 'PURPLE' TEARS DOWN." (SAS) Purple is a color BETWEEN blue and red.
Look for it Folks. Purple may also be one of the colors of his teams. 3 have 'dismantled' before today's call. 7 are left. Change of plans. Frank told Ghost that all the teams were going to tear down. Said this during the call. Change of plans.
ClassyONE OK so that's what purple TEARS meant! You are good at de-coding Susan! Thank You!
Susan A. S. Thanks, ClassyONE. Yes, they will be doing the 'NIGHTWATCH'. Look on the CBI website. Find the 'site' within-a-site, within the CBI's webpage.
OilRat > BaNDiTo.RoX Absolutely great Info on this CC. Frank CC stated they found a "Law Library" on the CBI website which is the new Gazette of Iraq. "Delta" and "The Ladies" state all banking laws are finished and posted on this "Law Library." One of the more informative CC I have heard in a long time!!!!!
Condor > OilRat DC reported on the "Law Library" version of the Gazette three or four weeks ago and, if I'm not mistaken, Exo posted a clue relating to the "Law Library" recently in that regard. So Frank and others are on the same page! Thanks OilRat!
BaNDiTo.RoX Did I not say this was going to happen like a NINJA.... I've been hinting at it for over a week.. Stay Focus my friends.... and of course positive and please don't get DIVERTED!!!!!...
EXOGEN October 27, 2014 at 10:50pm NOW IF YOU GO BACK TO WHAT WE POSTED AROUND 7AM THAT WAS SHOWING ON THE ISX WEBSITE, ALL SHOULD MAKE SENSE NOW
Rick W > EXOGEN Yep, makes sense now. Any thoughts on when the "code" will be released Exo?
Susan A. S > Rick W BY THURSDAY. Iraq has 3 MORE DAYS TO 'SHOW THEIR HAND'. IT IS THE TWENTY-EIGHTH OF OCT. IN IRAQ.
Investors must settle their security transactions in THREE BUSINESS DAYS.. This settlement cycle is known as "T+3" — shorthand for "trade date plus three days."
This rule means that when you buy securities, the brokerage firm must receive your payment no later than three business days after the trade is executed.
When you sell a security, you must deliver to your brokerage firm your securities certificate no later than three business days after the sale. How you hold your securities (either in physical certificates or in electronic accounts) can affect how quickly you are able to deliver them to your broker.
For more information, please read Holding Your Securities — Get the Facts. http://www.sec.gov/investor/
Guesses to NEW Exogens Picture Clues/Intel:
Karin Michele October 27, 2014 at 10:58pm For the recent clues, how about: Hearing rumors that the HCL is busting out in less than or equal to 24 hours(10pm Tuesday which is Wednesday morning in Iraq, the 29th) and moving to Article 8 (internationally traded currency) which triggers snow and Santa & Ms. Santa boots and the RV!!!
************
Extra Notes: (KTFA Monday night CC)
BaNDiTo.RoX October 27, 2014 at 10:08pm
IMO Frank now is on High Alert ! Nova called him when he was done with the CC recording.. He says he's keeping watch to about 4 am and IMO Nova also.
Susan A. S. NOVA FOUND SOMETHING, and called Frank AFTER the end of the call.
Frank cannot share what it is.
FRANK SAID, "ONLY 'PURPLE' TEARS DOWN." (SAS) Purple is a color BETWEEN blue and red.
Look for it Folks. Purple may also be one of the colors of his teams. 3 have 'dismantled' before today's call. 7 are left. Change of plans. Frank told Ghost that all the teams were going to tear down. Said this during the call. Change of plans.
ClassyONE OK so that's what purple TEARS meant! You are good at de-coding Susan! Thank You!
Susan A. S. Thanks, ClassyONE. Yes, they will be doing the 'NIGHTWATCH'. Look on the CBI website. Find the 'site' within-a-site, within the CBI's webpage.
OilRat > BaNDiTo.RoX Absolutely great Info on this CC. Frank CC stated they found a "Law Library" on the CBI website which is the new Gazette of Iraq. "Delta" and "The Ladies" state all banking laws are finished and posted on this "Law Library." One of the more informative CC I have heard in a long time!!!!!
Condor > OilRat DC reported on the "Law Library" version of the Gazette three or four weeks ago and, if I'm not mistaken, Exo posted a clue relating to the "Law Library" recently in that regard. So Frank and others are on the same page! Thanks OilRat!
BaNDiTo.RoX Did I not say this was going to happen like a NINJA.... I've been hinting at it for over a week.. Stay Focus my friends.... and of course positive and please don't get DIVERTED!!!!!...
EXOGEN October 27, 2014 at 10:50pm NOW IF YOU GO BACK TO WHAT WE POSTED AROUND 7AM THAT WAS SHOWING ON THE ISX WEBSITE, ALL SHOULD MAKE SENSE NOW
Rick W > EXOGEN Yep, makes sense now. Any thoughts on when the "code" will be released Exo?
Susan A. S > Rick W BY THURSDAY. Iraq has 3 MORE DAYS TO 'SHOW THEIR HAND'. IT IS THE TWENTY-EIGHTH OF OCT. IN IRAQ.
Investors must settle their security transactions in THREE BUSINESS DAYS.. This settlement cycle is known as "T+3" — shorthand for "trade date plus three days."
This rule means that when you buy securities, the brokerage firm must receive your payment no later than three business days after the trade is executed.
When you sell a security, you must deliver to your brokerage firm your securities certificate no later than three business days after the sale. How you hold your securities (either in physical certificates or in electronic accounts) can affect how quickly you are able to deliver them to your broker.
For more information, please read Holding Your Securities — Get the Facts. http://www.sec.gov/investor/
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Bits and Pieces Monday Night10/27/2014
0 Comments
0 Comments
Stage3Alpha:
@JCR3758: Quick fly by. This will be an awesome week. Public rollout should start tomorrow but don't watch the clock. Expect smoke.
Sem RVGCR,I noticed a post by you that said 80% of the Global Pays or PP's have been processed and moved? Is this confirmed….Thanks
R.V. / GCR > Sem the dominoes have started to fall things are happening just not as fast as we want them to we have some confirmations on multiple platforms of money moving.....hope that helps..................Timber
R.V. / GCR Still hearing Thursday or Friday at the earliest....everyone is on Alert right now...prayers up!
....
@JCR3758: Quick fly by. This will be an awesome week. Public rollout should start tomorrow but don't watch the clock. Expect smoke.
Sem RVGCR,I noticed a post by you that said 80% of the Global Pays or PP's have been processed and moved? Is this confirmed….Thanks
R.V. / GCR > Sem the dominoes have started to fall things are happening just not as fast as we want them to we have some confirmations on multiple platforms of money moving.....hope that helps..................Timber
R.V. / GCR Still hearing Thursday or Friday at the earliest....everyone is on Alert right now...prayers up!
....
R.V. / GCR October 27, 2014 at 8:59pm HAPPY TIMBERDAYS THE GLOBAL CURRENCY RESET IS UPON US BEFORE YOU KNOW IT ASK A GURU...BECAUSE a banker will lie to you.
LVegas > R.V. / GCR October 27, 2014 at 9:03pm But you today said not until Thursday or Friday? So what's the real deal?
EXOGEN > LVegas October 27, 2014 at 9:05pm WE POSTED LESS THAN OR EQUAL TO THURSDAY ON SATURDAY INTEL
EXOGEN > Thursday is 100% tied to ratifications, in conjunction with the UN & Iraq which ties to RATES all over the place and USA wanting a rate released that will be lower than the projected International Rate
R.V. / GCR > EXOGEN yep
**********
Ariel Toliver > I am going off what Frank 26 has said. This seems more plausible to me.
"PARLIAMENT ON SATURDAY WITH JABARI BACK.........18TH.
ISX STAYS DOWN ....... 19TH.
SECOND READING OF THIS FED LAW FOR CURRENCY VALUATION ( BTW ........ VALUATION WAS TRANSLATED THREE TIMES ) .............. 21ST.
ISX CAN NOW COME BACK FROM STEALTH MODE .......... 23RD.
FED LAW APPLIED TO IQD VIA GOI .....24TH TO 26TH.
DEFENSE AND INTERIOR MINISTER'S OPERATING EXPENSES ACTIVE .......... 27TH.
OPEN 2014 BUDGET .......... 31ST.
CBI CHANGES RATE ON THEIR WEBSITE ........ SEPARATION OF PRIVATE BANKS AND THEIR DISCRIMINATION ENDS WITH CREDIT GUARANTEES...........31ST.
*************************
TNT:
Iko Ward wrote - Frank believes an algorithm has been started. I will add that Forex is demonstrating the same behavior it has during previous attempts.
High/Low/Open are all at the high number on the spread.
Refresh rate is 0000.000. This time points to a strong possibility that what Frank is saying is true. But they can still stop it if they want.
We'll just have to wait it out.
***********************
KTFA:
A couple Tidbits from CC:
Frank26: The Iraqi Stock Exchange NOW has to follow International laws! This international event will soon give us a date!
I believe the RV is not in human hands and the algorithm is working from east to west
World banks are merging with the ISX now daily while you are awake and while you sleep.
**********
Monday Night KTFA CC : The first part is Business Promo and the second part is Dinar/Iraq Intel: Approx. 3 hours long.
760-569-7699 156996#
https://www.
LVegas > R.V. / GCR October 27, 2014 at 9:03pm But you today said not until Thursday or Friday? So what's the real deal?
EXOGEN > LVegas October 27, 2014 at 9:05pm WE POSTED LESS THAN OR EQUAL TO THURSDAY ON SATURDAY INTEL
EXOGEN > Thursday is 100% tied to ratifications, in conjunction with the UN & Iraq which ties to RATES all over the place and USA wanting a rate released that will be lower than the projected International Rate
R.V. / GCR > EXOGEN yep
**********
Ariel Toliver > I am going off what Frank 26 has said. This seems more plausible to me.
"PARLIAMENT ON SATURDAY WITH JABARI BACK.........18TH.
ISX STAYS DOWN ....... 19TH.
SECOND READING OF THIS FED LAW FOR CURRENCY VALUATION ( BTW ........ VALUATION WAS TRANSLATED THREE TIMES ) .............. 21ST.
ISX CAN NOW COME BACK FROM STEALTH MODE .......... 23RD.
FED LAW APPLIED TO IQD VIA GOI .....24TH TO 26TH.
DEFENSE AND INTERIOR MINISTER'S OPERATING EXPENSES ACTIVE .......... 27TH.
OPEN 2014 BUDGET .......... 31ST.
CBI CHANGES RATE ON THEIR WEBSITE ........ SEPARATION OF PRIVATE BANKS AND THEIR DISCRIMINATION ENDS WITH CREDIT GUARANTEES...........31ST.
*************************
TNT:
Iko Ward wrote - Frank believes an algorithm has been started. I will add that Forex is demonstrating the same behavior it has during previous attempts.
High/Low/Open are all at the high number on the spread.
Refresh rate is 0000.000. This time points to a strong possibility that what Frank is saying is true. But they can still stop it if they want.
We'll just have to wait it out.
***********************
KTFA:
A couple Tidbits from CC:
Frank26: The Iraqi Stock Exchange NOW has to follow International laws! This international event will soon give us a date!
I believe the RV is not in human hands and the algorithm is working from east to west
World banks are merging with the ISX now daily while you are awake and while you sleep.
**********
Monday Night KTFA CC : The first part is Business Promo and the second part is Dinar/Iraq Intel: Approx. 3 hours long.
760-569-7699 156996#
https://www.
Simon Black: This morning some of the biggest financial news of the year...
October 27, 2014 Region VII, Chile
This morning some of the biggest financial news of the year made huge waves all over Asia.
Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as of 11:45am Eastern...)
So what's the news?
The Chinese government announced that the renminbi will become directly convertible with the Singapore dollar... effective tomorrow morning.
It's clear this deal has been in the works for a while, and it's another major step towards the continued internationalization of the renminbi and unseating of the dollar as the world's dominant reserve currency.
For decades the renminbi has been a tightly controlled currency. It's only been in the last few years that the Chinese government started loosening those controls, primarily in response to the obvious need for a dollar competitor.
The entire world is screaming for an alternative to the dollar and the US government.
Since the end of World War II, the US has been in the driver seat. The Fed essentially sets global monetary policy. Foreign banks are forced to rely on the US banking system. Nearly every nation on earth must hold US dollars and buy US government debt just to be able to trade with one another.
These were sacred privileges entrusted to the US government. And they have been abused time and time again.
The US government spies on its allies. It uses its banking system as a weapon to threaten foreign companies. It fines foreign banks billions of dollars for doing business with countries it doesn't like.
They discredit themselves by continuing to indebt future generations and failing to make tough fiscal decisions.
And the Fed has printed so much money that major foreign institutions are left with no choice but to seek an alternative. Enough is enough.
China is taking the lead in providing the world with another option. And they're not exactly doing this under cover of darkness. These moves have been widely telegraphed, at least to anyone paying attention.
For the last few years the Chinese government has entered into new 'swap agreements' at blazing speed, allowing other nations' central banks and governments to hold the renminbi in reserve.
They've concluded direct trade arrangements (notably with Russia) to settle oil and gas deals in renminbi.
This summer we saw the establishment of a Chinese-led supranational bank intended to compete directly with the IMF.
Just last week the British government issued a new government bond denominated in renminbi.
And now this-- direct convertibility between China and the #1 financial center in Asia, making it possible for ANYONE to trade and hold renminbi through Singapore.
It's so obvious where this train is headed.
But again, this story is hardly covered in the Western press. They're living in a dream world where King Dollar still reigns and the US is the only superpower in the world.
Nonsense. It's imperative to stop listening to the propaganda and start paying attention to facts:
The US government has accumulated more debt than any other nation in the history of the world... and is in a position where they must borrow money to pay interest on the money they've already borrowed.
The Federal Reserve (which issues the US dollar) continues to erode its balance sheet. According to last Wednesday H.4.1 report, the Fed's capital base is a minuscule 1.26% of its total assets.
A year ago it was 1.42%. That was bad enough. But on a proportional basis, the Fed has lost another 11.3% of its capital in the last twelve months.
And according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), international bank payments denominated in renminbi have nearly tripled in value in the past two years.
These are all objective facts which point to the same conclusion: this current dollar/debt-based system is on the way out.
It's not going to happen overnight, but we're already seeing a slow and orderly exit. And we can see the rest of this trend unfolding years in advance.
Ignoring this could be very hazardous to your financial well-being. And while the Western media might be totally clueless, there are plenty of options for forward-thinking individuals.
Consider holding Hong Kong dollars in addition to US dollars. Hong Kong dollars are currently pegged to the US dollar, so the currency risk is minimal. But if the US dollar declines sharply, Hong Kong (controlled by China) could easily de-peg. This mitigates your downside risk.
Consider trading paper currency savings for productive REAL assets like farmland and private businesses which capitalize on key growth trends.
There are dozens of other solutions out there. You'll be able to find some that are just right for your circumstances.
Until tomorrow, Simon Black
Senior Editor, SovereignMan.com
http://us7.campaign-archive2.
October 27, 2014 Region VII, Chile
This morning some of the biggest financial news of the year made huge waves all over Asia.
Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as of 11:45am Eastern...)
So what's the news?
The Chinese government announced that the renminbi will become directly convertible with the Singapore dollar... effective tomorrow morning.
It's clear this deal has been in the works for a while, and it's another major step towards the continued internationalization of the renminbi and unseating of the dollar as the world's dominant reserve currency.
For decades the renminbi has been a tightly controlled currency. It's only been in the last few years that the Chinese government started loosening those controls, primarily in response to the obvious need for a dollar competitor.
The entire world is screaming for an alternative to the dollar and the US government.
Since the end of World War II, the US has been in the driver seat. The Fed essentially sets global monetary policy. Foreign banks are forced to rely on the US banking system. Nearly every nation on earth must hold US dollars and buy US government debt just to be able to trade with one another.
These were sacred privileges entrusted to the US government. And they have been abused time and time again.
The US government spies on its allies. It uses its banking system as a weapon to threaten foreign companies. It fines foreign banks billions of dollars for doing business with countries it doesn't like.
They discredit themselves by continuing to indebt future generations and failing to make tough fiscal decisions.
And the Fed has printed so much money that major foreign institutions are left with no choice but to seek an alternative. Enough is enough.
China is taking the lead in providing the world with another option. And they're not exactly doing this under cover of darkness. These moves have been widely telegraphed, at least to anyone paying attention.
For the last few years the Chinese government has entered into new 'swap agreements' at blazing speed, allowing other nations' central banks and governments to hold the renminbi in reserve.
They've concluded direct trade arrangements (notably with Russia) to settle oil and gas deals in renminbi.
This summer we saw the establishment of a Chinese-led supranational bank intended to compete directly with the IMF.
Just last week the British government issued a new government bond denominated in renminbi.
And now this-- direct convertibility between China and the #1 financial center in Asia, making it possible for ANYONE to trade and hold renminbi through Singapore.
It's so obvious where this train is headed.
But again, this story is hardly covered in the Western press. They're living in a dream world where King Dollar still reigns and the US is the only superpower in the world.
Nonsense. It's imperative to stop listening to the propaganda and start paying attention to facts:
The US government has accumulated more debt than any other nation in the history of the world... and is in a position where they must borrow money to pay interest on the money they've already borrowed.
The Federal Reserve (which issues the US dollar) continues to erode its balance sheet. According to last Wednesday H.4.1 report, the Fed's capital base is a minuscule 1.26% of its total assets.
A year ago it was 1.42%. That was bad enough. But on a proportional basis, the Fed has lost another 11.3% of its capital in the last twelve months.
And according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), international bank payments denominated in renminbi have nearly tripled in value in the past two years.
These are all objective facts which point to the same conclusion: this current dollar/debt-based system is on the way out.
It's not going to happen overnight, but we're already seeing a slow and orderly exit. And we can see the rest of this trend unfolding years in advance.
Ignoring this could be very hazardous to your financial well-being. And while the Western media might be totally clueless, there are plenty of options for forward-thinking individuals.
Consider holding Hong Kong dollars in addition to US dollars. Hong Kong dollars are currently pegged to the US dollar, so the currency risk is minimal. But if the US dollar declines sharply, Hong Kong (controlled by China) could easily de-peg. This mitigates your downside risk.
Consider trading paper currency savings for productive REAL assets like farmland and private businesses which capitalize on key growth trends.
There are dozens of other solutions out there. You'll be able to find some that are just right for your circumstances.
Until tomorrow, Simon Black
Senior Editor, SovereignMan.com
http://us7.campaign-archive2.
1 comment:
Poppy3, is it your turn to post negative Nellie Cabal crap ? I've heard some not so nice things about you, and this kind of crap tells me they aren't off the mark. Sure, you said it's a rumor, if so, then STFU about it, we get enough negative stuff as it is. I wish the dinar intel guys would find some other place to garner secret stuff from besides Maliki's shoe shine boy. Aren't you going to start ending your post with the blowing of a Shofar Horn like the other idiot does ? TYE
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