Post By Society » August 20th, 2013, • [Post 126] Uncle Jed, Call
me an Optimist but until I see more evidence or even hints of evidence, I
believe the rv of the IQD will cause a strengthening of our economy and the
majority of the world economies and our purchasing power will increase and not
decrease.....this is only a two year bandaid and perhaps why banks have to be
Basil3 compliant by 2015....
It is for this reason that I continue to try to get answers to my
questions so my hypothesis is not in error as I believe I will have two years
to plan for any potential economic collapse....CL has continued to push reforms
to help this "bandaid" last longer than two years...This should be
encouraging to all...
Post By Uncle Jed » August 20th, 2013, • [Post 130] Okay
... Society is an optimist. There ... I said it!
Quoting you:
"I believe the rv of the IQD will cause a strengthening
of our economy and the majority of the world economies and our purchasing power
will increase and not decrease ..."
I have been of the same belief, yet see that a bandaid may not be sufficient
when reconstructive surgery is required. You used the analogy of bandaids. I'll
use tire patches.
Put enough patches onto an inner tube, and it might still hold some air, but
outside of the tire it eventually no longer resembles an innertube. And to put
on more patches, you have to keep taking the innertube out of the tire.
Eventually, you start over with a new innertube ... (or go "tubeless"
LOL).
As is the best laid plans of the AoP or IMF or GOI or UST or CL, etc. Too many
bandaids/patches!
So as an optimist, one most likely relates with the glass as half full. If I
was a betting man, I'd bet that Society, your cup ... runneth over. Uncle Jed
Post By BulldogFord65 » August 20th, 2013, • [Post 127]
Uncle Jed, Okay, I am going to stop chiming in after this! :heeheehee:
I think when we say "overnight" it requires some qualification. While
our currency value can change overnight, it will take months for us to fully
realize it.
If we look at one isolated example, when gas prices leaped from the high $2
range to just over $4 a couple of summers ago. The price change was over night,
or at most, over a 3-4 day period where I live.
The economy did not screech to a halt the next day, but as we went to work, we
filled up the gas tank and skipped the trip inside the convenience mart for a
snack or soda because of the gas price increase.
Folks packed lunches to take to work instead of hitting the drive thru or lunch
wagon because they were pumping those dollars into the tank instead.
The term "staycation" cropped up -- instead of loading up the car,
the camper and the kids to drive 2,000 miles for vacation, they drove 20 miles
to a local amusement, or stayed home altogether.
Each one of those changes pulled sales out of someone's pocket. The convenience
store and the drive thru didn't close overnight, but as their sales and profits
fell, they laid off workers or made most of the positions part-time to reduce
the number of people receiving benefits -- reducing the amount of money going
in to their employees' pockets.
If this kind of inflation is sustained or continues to rise, recession and/or
depression can follow -- with other mitigating conditions at play as well. The
point is, even if currency revaluation is overnight, the impact typically is
not felt overnight.
With the new international rate, Iraq will not wake up the next morning to
paved streets, electricity and sanitation in every home, it will take months to
a couple of years. Same here with our devaluation, in my opinion.
Post By KCGWS » August 20th, 2013, • [Post 179] Uncle
Jed, Personally, I love your illustration and I get it. It did, however, leave
me with the thought that those who are controlling the whole situation will
gain,wealth and POWER, two-fold because there will be a greater amount of
loss(and power) for the average and low income individuals as it always is.
These very wealthy people have been "planning" for this for years
unlike the "unexpecting" 90% who will never seen the train coming
down the track. Never forget, that ALL governments know the poorer the people,
the easier it is to control them.
All of this, IMHO, is one of the major reasons we here, who would have been
part of the "unexpecting", need to be thankful for Frank hammering on
us about having proper stewartship with our RV monies.
As Mr. F26 says....we don't want to be no stinking powerball winners
(losers).... of course, he says this with love in his heart and a smile on his
face. KC
Post By lcm » August 20th, 2013, • [Post 184] John
should have not paid Joe, insurance probably would have paid Joe if John waited
to be robbed.
The immediate effect on currency changes in value does not affect the local
markets on the same day. The immediate effect is felt if you are a currency
trader, which is what they do for a living - buy and sell (trade) currencies as
they change in value each day - some up and some down.
As time allows the change to filter through on the next go around of purchases
which usually only effects the imported items (materials) then you will see an
increase in the cost of the goods locally.
I would be cautious to use crude oil as an example of changing the local cost
of items.
Post By Bill A » August 19th, 2013, • [Post
97] FROM EAGLE 1 I asked him to clarify. However, he is super
busy tonight and said to post for him.
FROM EAGLE 1: What I said is that if you have $10,000 in a bank account
on October 7th, when you wake up on October 8th, it will still look like
$10,000, but it will spend like $5,000.
If you were to take $10,000 in the old bills into a bank, however, they would
give you $5,000 in the new currency which is asset-backed.
The advantage (or disadvantage, depending on how you look at it) is that your
$5,000 will spend better than the $10,000 in old money. Blessings on
you. Regner
Post By rual12 » August 20th, 2013, • [Post 140] Hello
Regner, Does this also apply to real estate? Would for instance after Oct.8 a
home selling for $200,000 could be bought for $100,000? Also does this apply to
cars and boats? I am still trying to make sense of this Oct 8
scenario. RUAL12
Post By Society » August 19th, 2013, • [Post 104] Eagle1,
So.....Are you saying that you should have any money in a bank acount on
October 7th as that will remain intact just with lower purchasing power as any
bills you posess can only be exchanged for 50% return?????
Is the Federal reserve being eradicated and the whole discussion as to the next
appointment of the FED Chairman and that new FRN's and old FRN's will coexist
and remain negotiable is merely a "cover" for this completely
subversive takeover of the world's reserve currency????...
Who can possibly behind such a coup??? Obama??? Boehner??? Biden???? This type
of change has been discussed by "patriot" groups for over 30 years
and yet now when we are being told we could be within 7 weeks of this
happening, the "patriots" are not even talking of it......
Is this going to be a "military coup???? We know that the Supreme Court
has said specifically since 1938 that they will rule according to the
non-republic, democracy form of government until the the people "tire of
the experiment"....Are "the people" poised to enact such a
takeover??? Who is leading this movement???? I am really trying to
understand...... :hatemyputer: User avatar Society Skull
Crushers
Post By Society » August 19th, 2013, • [Post 102]
Eagle1 Eagle1....or maybe someone can help me understand.......
Based on the info presented tonight, it is being stated that the IMF is getting
antsy and if it is not done by Wednesday, they are going to do it
themselves.The Iraqi governing bodies CANNOT increase the rate.
In fact, we have seen where the Economic Committee and the Finance Committee
have in fact demanded that the rate increase as the reserves are 76 billion
plus and now lately stating 90 billion...
If those that controll the CBI no longer cared about what the Iraqi politicians
did and were going to do this no matter what and are "antsy", why
have they not just done it????....they are the only ones who can!!!
We know that the only "entity" that can change the rate is the
INDEPENDANT body CBI.... We also know that the CBI is controlled
"privately" by some of the world's most powerful private Banking
cartels...
Is it being implied that the IMF is going to take action at odds with those
that actually control them????.....Who in the IMF has that size Kahunas????....
I know CL is very driven, however, her bread is ultimately buttered by those
that she would be over-riding by taking such an action... I am just very
confused as to this line of discussion...I would appreciate some help...
Post By dew7 » August 19th, 2013, • [Post 110] Wow
Society, your questions are on a roll, and I would like to hear the answers as
well!
Post By Society » August 20th, 2013, • [Post 121]
:Hey dew7.....I am just trying to understand this purported plan that on it's
face would seem to actually be a plan to destroy the world's economies, send
the US in a complete tailspin and in fact obliteration....
it seems CL has been trying to do the complete oppossite by trying to stabilize
and strengthen world economies and now we are told that the IMF (CL) is going
to override the PTB and just do it herself......
I just do not understand.....the PTB have a way of taking care of those who
don't want to play their same game.....CL is a bright woman and I do not see
anyone that would be in a position to protect her.......
I am probably just being naive and haven't had the good fortune of having
contacts that knew more than the MOF nor do my bank tellers and managers know
more than I as they continually ask me what is going on...
Post By lcm » August 20th, 2013, • [Post 177] Society,
Here's a thought - we are all still assuming the timeframe is directly related
to Iraq, when perhaps it has nothing to do with Iraq at this stage of the game.
With 198 countries (and Central Banks) involved it could very well be some other
problem (time frame) than Iraq. And we don't want to forget our government -
the UST, FSB, White House, SEC, FDIC, may have some input that we don't
realize. It is a very consuming all encompassing enormous task to undertake.
IMO.
Want some interesting reading and history of world finances. Take a look at the
Bank of International Settlements. BIS They are the bankers of the world
central banks, them and only them It's a elite membership by invitation only
and currently Iraq is not a member. Also Bernanke sits on their board.
It may answer some of your questions.
PART 2 CONTINUED
http://www.dinarrecaps.com/1/post/2013/08/part-1-ktfa-member-dialogue-of-thoughts-opinions.html
Cindieloohoo Today at 1:30 pm
