Eagle1 » May 23rd, 2013, 1:47
pm •
Good Morning, Family!
Despite all the news we read in the Iraqi media concerning the events taking
place in country as they relate to the release of the IQD internationally,
there is a much larger picture unfolding internationally with regard to the IQD
and every other currency coming into compliance with the Basel III protocols.
Hopefully, this post will clear away some of the confusion and the
"smoke" we see in the various media and many blogs.
Most of you know that my background is not just banking. My years in banking
were interwoven and interspersed with a 50-plus year career in the world of
radio and television broadcasting on both sides of the microphone and TV
camera.
During the 1990's when computers began to become more user-friendly and Windows
software became de rigueur, the world of broadcasting began to introduce more
and more computers into its daily operations.
....
As a Chief Engineer for FOX in Alaska, then one who trained engineers for NBC,
(not counting serving as Chief Engineer for Family Life Radio in Louisiana) and
finally Chief Engineer for Telemundo's flagship station in the Rio Grande
Valley, I took advantage of the opportunity to become a beta tester for
Microsoft.
It provided access to the "latest and greatest" and allowed me to
incorporate Windows software into the broadcast environment ahead of the normal
curve.
That said, I did beta testing for Windows 3.2, Windows 95, Windows 98, Windows
2000, and Windows XP. Each generation had its own bugs and drawbacks, and even
when Microsoft thought the software was "ready for prime time," it
was still loaded with glitches that were only exposed after the software was
released to the public.
"Real world" operation can be quite different from lab
testing and semi-public beta testing.
Now that I've bored you with a lot of preliminaries, that brings me to the
Babylon II software and the Basel III protocols. We've heard a lot about the
world banking system rolling out the new software. We've also heard about the
various world banks becoming "Basel III compliant" in preparation for
the Global Currency Reset.
Part of Basel III requires each nation's currency to be asset-backed, and those
assets will vary widely from country to country, and even countries that share
the same kinds of assets will have different proportions and percentages
relative to their whole asset base.
For example, the United States has gold, silver, platinum (and a host of other
valuable metals), along with oil, natural gas, agricultural products, and a
huge range of minerals -- all of which play into the asset-base that will back
the new U.S. Dollar. For the most part, our northern neighbor, Canada, has
roughly the same assets. The difference is the relative proportions overall.
The formula, therefore, by which the backing is established for the USD will
differ in its proportions from that which governs the new CAD. Because some of
these assets can shift over a period of days or weeks rather significantly in
value, the Babylon II software has to adapt accordingly.
Moreover, because the currency is still pegged to a basket of other currencies,
the shifting value of those currencies has to be taken into account.
It sounds like a computer software engineer's nightmare, but for folks who
continually work with these kinds of variables, it comes down to being able to
adapt the formulas so that each day's daily fluctuation in values is accounted
for in the published rate for that currency.
Let me give you one other example. Gold, as we all know, plays a big part in
the valuation of our currency, as well as that of the IQD. The proportionate
share of gold to our asset base differs from the proportionate share of gold
for the IQD.
If the value of gold changes significantly within a particular window of dates,
that change will affect the value of the USD or the IQD depending on how much
of the currency's valuation is based on it. If the particular assets that back
a certain country's currency become extremely volatile, that currency is going
to become volatile to the degree that those assets govern its value.
Clear as mud? Good! Then let me explain something that has been happening with
all of this in mind.
The IQD has pretty much become the lynchpin for the ongoing changes,
and ironically enough whether intentional or unintentional, the reason for the
name of the new banking software: Babylon II. Despite the name,
this is
a global event, folks!
The IQD was due for release internationally months ago. How many times have we
heard that "the RI will go international tomorrow at midnight," or
"we will see the RV announced on Tuesday (or Thursday)" -- or
whatever date?
How many supposed rumors have we heard during the past few years of when it
would be released, and what the new rate would be? Frankly(26!), I've lost
count! (pun intended) If it weren't so monotonous, it could actually be
humorous.
We've heard the term "locked and loaded" on numerous occasions
throughout the past months, and many well-meaning so-called "gurus"
(I really don't like that term!) have issued prognostications about the date
and the rate.
The problem has been that what they've heard was accurate,
and it has thrown many good folks for a real loop.
They didn't intend to be inaccurate, but they were missing an important piece
of the picture: the need for true compliance and interoperability [sorry to
throw that $64 word in there ] with the Babylon II software.
Back in February of this year we were told that "all of the banks are now
Babylon II compliant." Riiiiiiggggghhhhhttttt!!! Babylon II wasn't quite
ready for prime time yet.
We've known for some time that the IQD was ready for international release.
We've even seen articles out of the CBI, such as one that came out yesterday
which gave us a hint as to the nature of the delays. That article said that the
IQD was "technically ready."
J
ack Lew, Christine Lagarde and Dr. Shabibi have all been in agreement
that everything was ready to go and have signaled the release of the RI.
Several efforts have been made to do just that, each time resulting in software
programming issues that have stopped things.
Each delay has put off the
revaluing and/or restructuring of other baskets of currencies, creating
hardship and difficulty for the corresponding nations' economies.
A decision has been made to release the first basket of currencies all
at one time. This is an event that has never before taken place in
banking history. As you can well imagine,
the release of 25 revalued or
restructured currencies simultaneously introduces a whole new set of issues
and it magnifies the problems the banking system has encountered with the
Babylon II software.
Yesterday (May 22nd), no less than three attempts were made to release
the IQD and its 24 counterpart currencies (including the VND).
Each successive effort took place after assurances that the problems had been
solved, and the software was "now compliant."
At this point, my understanding is that the effort to release these 25
will continue until every issue has been worked out.
If they are not successful today, they will continue tomorrow ... and
Saturday ... and Sunday, for however long it takes to get it done! The day of
the week is no longer at issue. Whether it is Friday, Saturday or Sunday, they
intend to get this done!
As already noted, this is a global event with global consequences! Iraq is at
the center of things, and yet it is not! The political events in Iraq are more
of a distraction than a factor in the timing anymore.
We've seen how Shabibi maintained his involvement and control over things at
the Central Bank in spite of Maliki's machinations and conspiracies against
him. He had to work out of country for several months, but he stayed with it.
We are literally on an hour-by-hour basis.
We have been for days, and will continue to be until these currencies
go "live."
That's my assessment of things at this moment. If there are changes or
modifications necessary to some of the things stated here in the hours or days
to come, I will post those changes.
Otherwise, stand fast!
We really are there! This is a
God-event, and He is keeping His promises to His people.
Meanwhile, be careful how you speak of others or point fingers at other
so-called "gurus." Most are well-meaning, and most have reported what
they've been told.
One clarification before I quit. We've all seen and heard reports of
outlandish rates for both the IQD and the VND, and stories about what has been
"seen on the back screens." Some of the crazy numbers we've seen are
nothing more than administrative codes that vary from bank to bank, and some of
those administrative codes are close enough to the real numbers that it has
created confusion.
Forget that stuff! Forget all the nonsense about the various
"tiers" of people supposedly cashing in. Hang tight, folks! There are
real numbers that will bless all of us and give us the liberty to bless the
Kingdom of God!
Blessings on you.
Eagle1
http://www.dinarrecaps.com/1/post/2013/05/eagle1-from-ktfa-we-are-hour-to-hour-now-emailed-to-recaps-thurs-pm.html