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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, July 13, 2014

OMEGAMAN UPDATE: RATE IS LIVE IN IRAQ, 14 JULY

Omegaman:according to one source, the rate is live in Iraq...(unconfirmed).

should be live tonight..PUBLIC exchange; mon/tues..imo

be awake, be very awake...surprise is coming..red suit on the way…
it's about to get LOUD..

EAGLE1 TIDBIT: RATES TO BE RELEASED ON TUESDAY", 14 JULY

Eagle1: Trigger will be pulled Sunday(tonight). Rates to be released on Tuesday."

WILBUR GRODAN TIDBIT: SURPRISE ADJUSTMENT IN OVERNIGHT FOREX, 13 JULY

Wilbur Grodan:
Surprise adjustments at hand in overnight forex. The shift looks likely to begin tonight.

ZAP TIDBIT , 13 JULY

Zap: ALL IN ALL, WE ARE ALL IN VERY GOOD SHAPE WITH THE CHANGES THAT ARE UNDERWAY.

WE ARE IN FACT IN THE MIDDLE OF THE GCR AND RV AND GLOBAL RESET.

EVENTS BEHIND THE SCENES ARE FAST AND FURIOUS, AND FEW GET TO SEE THAT, BUT THEY ARE HAPPENING, AND ALL TO THE BENEFIT OF OUR HUMANITY.

JULY 20 IS AROUND THE CORNER, AND THINGS WILL BE ANNOUNCED AND REVEALED THEN.


IN THE MEANTIME, KICK BACK, WATCH PIGS EAT VEGETABLES, VOTE FOR YOUR FAVORITE MONKEY, AND RELAX. ALL IS WELL.

PROJECT STARTS ARE NOW SCHEDULED (PRETTY FIRMLY) FOR THE END OF MONTH, AND FUNDS ARE COMING IN THIS WEEK TO US TO BEGIN THE PROJECT SIDE.

AND CONGRATULATIONS GERMANY. BRILLIANT GOAL.

IN LOVE AND LIGHT IN OUR SERVICE

ZAP

CONDOR TIDBIT , 13 JULY

Condor:The hold up has been the dollar. Other countries want the dollar to be backed up by assets / gold. That issue has been addressed and taken care of. Everyone feels comfortable and we can now move forward! Thanks Exo

DINAR IRAQ & DONG VIETNAM UPDATE, 13 JULY

Article – “CBI: The use of electronic payment system for the settlement of the instruments between institutions”
The MOF was linked June 23rd, sweet! Now they can implement the tariffs if they are ready and the CBI as well, global financial transactions etc… going global baby! *hallelujah*
[Q. Help me out here if you could, one day Banking Institutions are leaving Iraq due to their concerns and fears, and now they’re going global...Confused?]

A. The only Bank to physically pull out of Iraq was HBSC, the others are merely protecting their staff during the security crisis, they are not closing their doors permanently.
I truly believe the economic and banking policies are going forward, this crisis has NOT stopped the CBI from going forward with reform at all!

DINAR GURUS UPDATE, 13 JULY

7-13-2014   Intel Guru Delta   [what would happen with our investment, if Iraq would fall apart in 3 smaller countries?]   IF IRAQ FALL TO 3 SMALLER COUNTRIES, THEN YOU SHOULD BE MORE HAPPY FOR OUR INVESTMENT, BECAUSE THE CBI BELONGS TO IRAQ AND THE OFFICIAL CURRENCY IS IRAQI DINAR NOT KURD DINAR,  ALSO KURDS HAVE NO CENTRAL BANK AT ALL.

7-13-2014   Newshound Guru tlm724 
  Article:  "Industry proceed with the application of the law to protect Iraqi products"   I just can't begin to tell you how important this step is for Iraq and for us!  This electronic linking has opened all the doors, they have accountability now which they have NEVER had.  the minister of industry is going forward with the laws that were already passed but never implemented! This leads to the full implementation of the tariffs!   now the GOI and the CBI, banks are linked and going global according to Gov. Turki.

7-13-2014   Newshound/Intel Guru BGG
    Parliament session adjourned till next Tuesday.  Make no mistake – this was not for lack of  “compromise” – everyone was there. They had their candidates in hand. This was about Maliki and the SLC core leadership not willing to let Maliki go as the PM. This is about political maneuvering to get rid of him. Period. Better for us to wait a bit than be stuck with Maliki again.  We did see a lot of progress on the candidates - except the one that matters the most.  The other spots are settled. (I think...) They are working on a way to ditch Maliki.

7-13-2014   Intel/Newshound Guru Poppy3     ...IT DOES APPEAR THAT THE CBI IS COMPLIANT OR AT LEAST VERY CLOSE TO BEING COMPLIANT IN EVERY WAY TO BE ABLE TO RELEASE THE RV.  THERE IS NOT ANY WAY OF KNOWING WHAT THEIR TIME TABLE WILL BE ONCE MALIKI IS GONE.  I FEEL THAT BECAUSE OF ALL THE PRE-WORK TO BECOME COMPLIANT AND THE SPEED AND DEDICATION IN THE LAST MONTHS INDICATES A URGENCY FOR SOME REASON AND THEY HAVE NEVER WORKED SO DILIGENTLY OVER ANYTHING AS THEY HAVE PREPARING TO BECOME A WORLD FINANCIAL POWER.  

7-13-2014  Intel Guru Frank26
  AMERICANS, Whoever they may be,  have been WORKING with The Politicians in Iraq over time in the last five days! A USA Delegation is cleaning house right NOW!  Hakim has had some successful meetings with these Americans...BUT if it is M [Maliki] then odds are we have lost The Kurds For awhile. This is from an office and official...USA is still saying M now has to go.  Side bar: The CBI  NEVER Asked for a seated government.  IF all works out BY tomorrow with these politicians SUNDAY will be for a PM...3 presidents...Coronation and  "A PLAN"!   Lets wait and see what happens tomorrow and 3 days past that.  [post 2 of 2]

7-13-2014  Intel Guru Frank26
   We do NOT need a GOI for the CBI to release an IR [International Rate] for the IQD...NOTHING is interfering with this process.  IMO, They have already sat the Parliament and are working outside of our vision and their two sets of Books never for our eyes.  Now..."IF"...They are willing to sit tomorrow in front of the world...Then maybe...Just maybe they will pull this thing off tomorrow as planned.   IMO, There is " A PLAN "  Being put into place RIGHT NOW.

EXOGEN DIRECT INTEL AT 8:00 AM EST, 13 JULY

Guesses to Exogen Direct Intel/Pictures Clues at 8:00 am est:

Vinman: Look for the clues.
Follow the global currency money trail.
Wells Fargo Friends & Family exchanging
Projected schedule for public payments in full...next week!
Dinar rate floating over $5.
IMF had given 10 days to buy and sell dinar internationally.
Time has expired today.
Putin cancelled 90% of Cuba's debt.
BRICS bank launching next week!
ARE YOU READY TO SHOP TILL YOU DROP?
Head to the spa....take a nice golf vacation....grab a steak and lobster...
Buy your Maserati or your Aston Martin.....or both!
Or how about a Mercedes S-Class AMG.
Champagne life coming soon!
100% Confirmed!

J. Harv:Looking for clues to the GCR and money trail, leading to the USD/USN note and the gold trail.
Friends and Family group are exchanging and projected schedule is they are to be paid in full is next week.
The Dinar rate float is over the moon. The timing (of the clock) says the IMF gave 10 days to buy/sell Dinar Internationally and it has expired.
Today Putin cancelled 90% of Cuba's debt. The BRICS are skyrocketing. Next week is shopping/buying time/ eating great meals/purchasing cars of your dreams! Champagne life is coming soon!! 100% confirmed! Happy Sunday, hope your week is full of smiles!

LANDA GLOBAL RECAPS ABOUT RV PROCESS, 13 JULY

LANDA GLOBAL RECAPS ABOUT RV PROCESS:


JUNE 26, 2014

PROJECT FUNDING, BOND REDEMPTION, AND CURRENCY REVALUATION PROCESS
This update is concerning all submitted KYC packages to Landa. All packages have been screened against the lists, and preparations are underway for the formal contact and scheduling of TTM and bank-to-bank processes for the settlement of all bonds/boxes.
The current Trusts, Foundations, and Tier 1s that have allocations, are oversubscribed for the most part. All other secondary channels are in the same position. Timelines to TTMs are expected in the first 2 weeks of July for closings now. There is currently being held a large gathering of bankers in China with the regulators and agencies having jurisdiction. The announcement of the processes in these final stages of the global settlements is scheduled for either June 30 or July 1, 2014.
At that time, all Landa submissions will move forward towards settlement. Contact will be initiated with all Sellers and Keepers, and travel, security, and other arrangements made for the settlement.
Prices are still reasonably steady, with some decrease in certain bonds, but these fluctuations are temporary as the final pricings will be forthcoming when the formal process begins. 
We will advise when this will take place as we receive the information from the Redeemer, who we are in contact with on a regular basis in order to be ready. The end-buyer, or Redeemer, is the official China Family settler for all bonds whether Chinese, Mexican, US, or other. Greater intake will be expected on the commencement of this end process, and Landa is preparing more staff to deal with the throughput. 
The announcement is expected to trigger the GCR and all transactions will become Basel III compliant. Sellers and Keepers will be settled in the month of July.
Project fundings will begin second week of July. 
Thank you

-------------------------------------------------
THE DELAY EXPLAINED HERE??

JUNE 3, 2014

The USA has not been successful in reaching an accord with the Family and Signatory for the gold to back the new TRN, and is attempting to support the TRN in other ways.
In a major development, since the US Treasury is experiencing tremendous issues at this time, our focus has shifted to the China Treasury and Family for the redemption/settlement of all China historic bonds, FRB, FRN, TOV and others.
Details will be forthcoming by the weekend with price lists and procedures. Both loose bonds and boxes will be accepted.
Landa is direct to the principals of this new channel, and will be able to provide for excellence in services.
Thank You
LANDA GLOBAL

ALLONE POST FROM TNT FORUM: ARE THESE THE 5 NEW WORLD ZONES TONY MENTIONED- NEXT CURRENCY BASKET??, 13 JULY

ALLONE: I remember Tony sharing a while ago that the world was going to be divided into zones and each zone would have 1 major currency that would revalue and then become the major stable currency of that zone. something like that...
I'm still waiting for the first currency basket to RV lol!, but found this interesting for future review...
...
"... And with all eyes now focused on the BRICS and its official announcement of the Development Bank and currency stabilization fund, it is time to introduce another economic partnership which hasn’t yet been widely discussed.

This partnership is called the Next Eleven, or N11.

N11 is considered to be the next BRICS and include the following countries:

Bangladesh , Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea and Vietnam.

Within the micro N11 there is another partnership called MIKT.  This macro partnership to the micro N11 consists of the following countries:

Mexico, Indonesia, South Korea and Turkey.

Together the MIKT countries make up 73% of the total GDP of the N11.

Most readers will quickly recognize that all the countries, including BRICS and N11 are all countries which are moving aggressively or subtly away from the US dollar.  And yet, all the countries have central banks which are controlled by the Bank for International Settlements and are being supported by the so-called western financial institutions such as the World Bank and the International Monetary Fund..."


FUZE: Interesting...........

HIJACK: How many times are people going to bring up currencies and then things change.
Keep it QUIET!

BCGIRL: HIJACK: Its all over the interwebs...don't worry

Tony won't talk about and there's a reason, Loose lips sink ships.

If they don't woant he to talk about maybe we shouldn't either.

They aren't going to let you double dip. 


FRANKLIN54: There are DEFINITELY some Turkeys in that grouping that should make ya run.  Like Mexico.  They would be the Cyprus to any bunch.  Not all things emerging are 'deals'.  But thank you so much for the info.  Always thinkin.
Blessings 
F54

SANDYF: And then there is ASEAN
ASEAN - Association of Southeast Asian Nations
1)Indonesia
2)Malaysia
3)Philippines
4)Singapore
5)Thailand
6)Brunei
7)Vietnam
8)Laos
9)Myanmar
10)Cambodia

THE NEXT ELEVEN TO BE THE NEXT BRICS BY JC COLLINS, 13 JULY

Economics

The Next Eleven   By JC Collins

July 12, 2014

  The expectations of the BRICS Development Bank being in direct competition with the World Bank is the largest argument made to support the case of the overthrow of the banking cabal and the implementation of a multipolar world leading to chaos and a huge surge in the price of gold and silver.

It has been my contention all along that the division between east and west has been illusionary and that all countries and financial institutions are reading from the same script as written by the Bank for International Settlements.

The BIS is the centralized organization which sets and enforces all central banks policies for all central banks in the world.  The governor for the People’s Bank of China is on the executive board of the BIS and has openly called for the implementation of a multilateral financial system structured around a supra-sovereign SDR.

Make no mistake about it, this is what will happen.  Which is why the World Bank has offered its full support to the BRICS Development Bank and Russian Finance Minister Anton Siluanov referred to the BRICS Bank as a “mini-IMF”.

  The structure of the multilateral system is becoming more visible and is starting to look exactly like what has been described in the SDR’s and the New Bretton Woods series.
 Economic zones will be determined and new alliances with currencies regrouping into regional currency baskets with the supra-sovereign SDR acting as the macro of the currency baskets.

And with all eyes now focused on the BRICS and its official announcement of the Development Bank and currency stabilization fund, it is time to introduce another economic partnership which hasn’t yet been widely discussed.

This partnership is called the Next Eleven, or N11.

N11 is considered to be the next BRICS and include the following countries:

Bangladesh , Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea and Vietnam.


Within the micro N11 there is another partnership called MIKT.  This macro partnership to the micro N11 consists of the following countries:

Mexico, Indonesia, South Korea and Turkey.


Together the MIKT countries make up 73% of the total GDP of the N11.

Most readers will quickly recognize that all the countries, including BRICS and N11 are all countries which are moving aggressively or subtly away from the US dollar.  And yet, all the countries have central banks which are controlled by the Bank for International Settlements and are being supported by the so-called western financial institutions such as the World Bank and the International Monetary Fund.

The French bank BNP Paribas Corporate and Investment Bank along with BNP Paribas Asset Management have created an equities firm called EasyETF BNP Paribas.  Easy ETF’s main purpose is to provide equity access to the markets of the N11 countries.

  Of course BNP Paribas is the bank which America has attempted to charge with an absurd fine for doing business with Russia.  As I’ve stated before these are only skirmishes along the road to the ultimate outcome of the multilateral system and SDR supra-sovereign currency.

Both groups of BRICS and N11 share the same purpose of balancing wealth around the world to ensure a true multilateral system is achieved.  No new multilateral financial system can be effectively implemented if the majority of the wealth stays in the western world.

The wealth most be balanced and shared but the people of the western world cannot awaken to the reality that the wealth they obtained on the backs of the undeveloped world will be willingly given back to the developing world.  It must appear like the shift and transition happened as a natural flow of events and modernization.

The countries which make up the “opposing” organizations, BRICS and N11, were chosen for their macroeconomic stability, political maturity and openness with the rest of the world and each other.

America and its dollar funded war machine was used to establish central banks in all the countries of the world and now that that job has been completed America has become the problem and will be integrated into the larger socioeconomic world.

The fundamentals of base economics and the trending of financial data is no longer functioning on any level that is understood by analysis.  But the world economy is not a ship lost as sea either.  The chaos is orchestrated with masterful strokes and planning.

The BRICS Summit next week will offer some fantastic drama and ultimately the official announcement of the development bank and currency market stability fund.

The currencies of all countries, including the Next Eleven, will benefit greatly from this stability fund and the New Exchange Rate System will begin to take shape.  – JC

JAMES4HUSH INTEL FROM TNT FORUM: "MONDAY WILL BE A GREAT START TO THE WEEK!!", 13 JULY

James4hush:  I have my own source. I get information that often matches Tony's even before he does his call. That being said I have been told that Monday will be a great start to the week! I hope this is it!

STAGEALPHA CHAT WITH EXOGEN UPDATE, 13 JULY

StageAlpha:

What is actually taking place in Simple Terms


Posted by EXOGEN on July 13, 2014 at 10:31am

Several countries around the world stopped accepting the USA Federal Reserve Notes and started doing currency swaps last year and trading in their own currency.

As the number of countries joining BRICS increased and the World Bank endorsed BRICS, it forced the USA to either go Asset Backed or get left behind.

This also ELIMINATED the USA, Global Cabal & Banking Cartel Influence of World Monetary Policy via the IMF and the Petro Dollar.
....
*******

Mac July 13, 2014 at 10:39am   And this has been the hold up Exo?

*******

Sunshine62 > Mac July 13, 2014 at 10:44am   it certainly appears so, doesn't it? While we have been led to look over there-------> (Iraq) THIS is what has been happening HERE. When Exo gave his clues concerning the distraction and the "elephant in the room", it meant several things but certainly what has come to light was that we majored in the minors!!!!

*******

carden July 13, 2014 at 11:07am Thanks for posting this simple explanation, Exo. I will concur and also provide personal witness to this.

Other countries have stopped accepting the USD as of DECEMBER, back when the GCR initially began (and was halted!). They simply never came back to USD expecting, just as we here did, this RV/GCR to be announced every single day.

The only point I want to disagree with here is this has not ELIMINATED the global cabal at all, not a tall my friend. The "global cabal" sits on the boards of the top 5 holding companies and affect 65% of corporations around the world. They aren't going anywhere.

It's only curtailed their ability to do back-ledger trading in USD. They're still in control of SWIFT system and the fat lady hasn't sung yet. There's a very big picture that takes a master detective to figure out (someone like you, Exo?).

Will they let the general population exchange and become instant millionaires and billionaires is the question of the hour.

BACKDOC TIDBIT, 13 JULY

7-13-14 backdoc: DON'T BE DISTRACTED BY THE EVENTS JUST ON THE DINAR STAGE! WE ARE ALSO SEEING SIGNIFICANT REFORM TAKING PLACE SIMULTANEOUSLY ON THE DONG. I DON'T THINK THIS IS JUST COINCIDENTAL

DAZ TIDBIT FROM TNT FORUM, 13 JULY

EVERYTHING IS FLUID CHANGE IS THE ONLY CONSTANT ....THATS JUST A COUPLE OF PHRASES THAT PROLLY RELATE WITH OUR JOURNEY THROUGH DINARVILLE. SO WITH THAT SAID AND, WITH GREAT ENCOURAGEMENT, I WANT TO DROP THIS LITTLE AUDIO CLIP THAT I EDITED FROM A PAST CALL http://clyp.it/xjvuj3z1

STAGEALPHA CHAT WITH EXOGEN & DIRECT INTEL , 13 JULY

Guesses to Exogens Picture Clues Late Saturday Night
Vinman July 12, 2014

Jack Lew completed tasks and checked all the boxes so the TRN is live.

All paperwork is signed for the asset backed currency.

Trillions are flowing and the backup bonds are approved and locked.

Dinar rate is floating on all tiers and rocketing upwards.

RV train is traveling at the speed of light.

GCR is 100% funded!

High Santa Alert!   Getting ready to see the fat guy in the red suit!
....
************

Jack Lew completed the tasks at (post deleted re time)..all are checked off and LIVE today...meaning all the documents with the signatures for the asset backed currency. Trillions are flowing/moving as backup for the bonds. Approved!

The USD/money is locked in. The Iraqi Dinar float on the tiers is skyrocketing like a bullet train moving fast as the speed of light. GCR is 100% funded. Congratulations!

Santa's sleigh is filled with toys and wrapped presents and is on high alert right now. Santa's hat is ready, Santa's pants are ready for Sunday GCR. The dong is over $2 and is backed up.

************

G T July 12, 2014 So we're on High Alert again tonight for the RED SUIT??? Hope it's not a False Alarm Again...

************

kaydondada > G T July 12, 2014 remember the process was stopped last weekend because of maliki...was no false alarm. they are running the same time line again this weekend seems like it.

************

EXOGEN July 13, 2014 at 12:00am

THIS THREAD GAVE YOU WHAT THE BIGGEST DELAY HAS BEEN AND 99.9% OF THE PEOPLE MISSED IT...........READ CLUES CLOSELY.............

************

BRK July 13, 2014 EXO> the bonds to back up the GCR?

EXOGEN July 13, 2014 CONGRATULATIONS BRK  A+

*************

Rick W > EXOGEN July 13, 2014 Backup plan?

EXOGEN July 13, 2014 CONGRATULATIONS RICK W  A+

************

Zuvrick Rm July 13, 2014 at 12:52am There are some who feel that RV/GCR can't happen while the Cabal are still ruling things. But I've been thinking about this from a different angle. Is it possible that the GCR needs to happen first to take down the Cabal? That the white hats don't want to start mass arrests until the GCR is assured and rolling, for fear that to start cleaning up before will totally derail the GCR. This could explain why we've been in a kind-of Catch-22 state for months. The Cabal are basically the G7. But the GCR is driven by many more countries who are peed off st the G7 antics, spearheaded by BRICS. So why can't it go through now, Cabal notwithstanding?

************

Guesses to Exogens Picture clues 8:41 AM EST’

Vinman July 13, 2014 at 9:36am

Look for the clues.

Follow the global currency money trail.

Wells Fargo Friends & Family exchanging

Projected schedule for public payments in full...next week!

Dinar rate floating over $5.

IMF had given 10 days to buy and sell dinar internationally.

Time has expired today.

Putin cancelled 90% of Cuba's debt.

BRICS bank launching next week!

ARE YOU READY TO SHOP TILL YOU DROP?

Head to the spa....take a nice golf vacation....grab a steak and lobster...

Buy your Maserati or your Aston Martin.....or both!

Or how about a Mercedes S-Class AMG.

Champagne life coming soon!

100% Confirmed!
wilbur gr July 13, 2014 at 9:44am   Surprise adjustments at hand in overnight forex. The shift looks likely to begin tonight.

Zuvrick Rm > robert July 13, 2014 BRICS meeting starts on 14th. .

robert
 July 13, 2014  all falling into place as brics starts 20th july ,this is our week praying it is so been a long ride but hopefully will be worth the wait

THE ZIM WILL GO 2 TIMES, 13 JULY

Tnt: 

Authorsalmoliver: Some people believe the ZWN will go two times. I am thinking of holding some of my currency for the second basket. Anyone else doing this too? What are your thoughts?


Kansaschick:We have quite a bit of it so will probably do the same.


Newport:How many zeros are to be deleted?


Beyond the skies:Newportguy: Word is that 6 zeros will be deleted.


Franklin54:In each of the last 4 calls, Tony or DC each have stated that the Zim will be in the first, (and I must say, I KNEW it must - don't want to leave us zillionairs out there unfettered). 

 On Friday's call, DC said he believed it would be 6 zeroes.  If it is 9 (as Tony's worst case scenario, from calls months ago), then HANG ON to it, as a month or so ago, Tony felt it would go twice!


On another site, I saw 7 zeroes, but a higher rate - I'll take that, too, ($3.7M per 100T).  But 8 or 9, for me - live to CE another day.  If they do 6 or 7 - in my mind, that will be all we are gonna get.  For me - get in and get out.

Millions of blessings to all, right now.
Franklin54

Dr J R Randy: Dear authorsamoliver,
We are told it will be in the first basket because they do not want us to "double dip".
Take care, stay well and God bless. 

EXOGEN'S INTEL : SUMMARY , 13 JULY

J. Harv:Jack Lew completed the tasks at (post deleted re time)..all are checked off and LIVE today...meaning all the documents with the signatures for the asset backed currency.

 Trillions are flowing/moving and are backed upped by the bonds. Approved! The USD/money is locked in. 

The Iraqi Dinar float on the tiers is skyrocketing like a bullet train moving fast as the speed of light. GCR is 100% funded. Congratulations!

Santa's sleigh is filled with toys and wrapped presents and is on high alert right now. Santa's hat is ready, Santa's pants are ready for Sunday GCR. 

The dong is over $2 and is backed up..

THE DONGS REVALUATION IS IMMINENT BY JC COLLINS, 13 JULY

Economics:   The Dongs Revaluation Is Imminent

July 13, 2014   By JC Collins

The currency of Vietnam is called the dong and has been pegged to the US dollar for a very long time.  The dong has been devalued consistently over the last 4 decades to facilitate the exportation of dollar inflation.  Within the country the dollar is predominately used and loans by local financial institutions are predominately denominated in dollars.  But all of this is about to change.

The Vietnam Business Forum has been working on methods of stabilizing the Vietnamese dong and its Macroeconomic Policy Working Group (MAG) has just released its recommendations and they are dramatic to say the least.
Picture
As reported byVietnamese Dong News, the following quotes are taken from the substance of the MAG report.
“Yuan, the currency of China, the second largest economy in the world, and Vietnam’s biggest trade partner, has never gotten a foothold on the foreign exchange market in Vietnam.”The implication from the report is why would Vietnam continue to use and peg the dong to the US dollar, who it does only marginal trade with, when in reality China is Vietnam’s largest trading partner.

“Experts: heavy dependence on US dollar not good for Vietnam.”

Extremely self-explanatory.

“The report released by MAG last week pointed out that Vietnam’s dollar-pegged foreign exchange policy has had a negative impact on its trade balance.”

This is obvious and timely.  We covered the reasons for this in the post “Why the Vietnamese Dong will Reset”.

“In terms of Vietnam’s sovereign debts, its biggest creditors in 2012 included Japan (34.5 percent of Vietnam’s total foreign debts), the World Bank (28.8 percent), and ADB (15.5 percent). As such, Vietnam’s foreign debts have been valuated not only in the US dollar, but also in other hard foreign currencies, including JPY, SDR and EUR.”

Of course the SDR is the mechanism by which most sovereign debts will be restructured.  Debt will be consolidated and packaged as SDR bonds.

“MAG’s experts commented that it is unreasonable for Vietnam to follow a dollar-pegged foreign exchange policy, while its trade and foreign debts depend on other foreign currencies.”

With China being Vietnam’s largest trading partner we can assume which currency is being referred to here.

“Therefore, Vietnam has been recommended to apply a new foreign exchange policy which allows it to valuate the Vietnam dong in correlation with more than one foreign currency. This will be a reasonable choice which helps both stabilize the exchange rates and ensure the flexibility of the nation’s policies.”

The operative phrase in the quote is “a new foreign exchange policy”.  As stated, it is likely that the dong will be pegged to a basket of currencies.  Which baskets now exist outside of the Euro and the SDR?  None.

But with the announcement of the BRICS Currency Market Stabilization Fund this week and its $100 Billion injection from the BRICS countries, it is possible and probable that the BRICS currencies will form a stabilization basket from which other currencies, like the ones belonging to the Next Eleven countries, of which Vietnam is a member, can peg too and stabilize.

“Now is the right time for Vietnam to follow the new policy, as it now has all the necessary conditions to do this. Vietnam has wide economic openness, but it <does | should>not depend on any one trade partner.”

The right time is strongly implying imminence.  The BRICS Development Bank and the currency market stabilization fund are vital components of the policy being described by MAG.

“Therefore, if it were to apply the policy, Vietnam would be safe from the shocks in other foreign currency markets, if and when they occur.”

This statement is suggesting sudden and dramatic adjustments to the foreign currency markets, which is likely focused on the US dollar and the coming changes to its status as the world’s primary reserve currency.

At this point I would recommend readers to revisit the following posts:

Why the Vietnamese Dong will Reset

Vietnam Seeks Dong Stability as Dollar Nears Collapse

The American Dollar is Dumping Vietnam

A Global Currency Reset

The New Exchange Rate System

And the whole SDR’s and the New Bretton Woods series, especially Part Three, sub-titled The Real Global Currency Reset.

It is almost surreal that what we have been describing from the beginning is now taking place.  The world is on the verge of huge and dramatic changes.

The BRICS currency basket will eventually be integrated into the larger macro SDR basket, most likely at the end of the year when the 2010 Code of Reforms are finally passed and the Executive Board of the International Monetary Fund is restructured.

This fits perfectly with what we have described as the local currencies of countries consolidate into regional currency groups which will then make up the SDR supra-sovereign basket.  See the post “The Arcane SDR Supra-Macro Asset”.

The US dollar continues to be isolated around the world and the critical stage of actualization for major adjustments to the currency markets has arrived.

And for those who continue to propose that the BRICS Development Bank will compete directly with the World Bank and IMF, you will be severely disappointed when these organizations begin to announce macro financial agreements.  I’ve already discussed how the World Bank has expressed its full support for the BRICS Development Bank in the post The Emerging Multilateral.

The World Bank is also openly supporting Vietnam’s policy group and mandates, as describedhere.  Be sure to read the full article as the World Bank describes how China’s oil rig being placed in Vietnam’s Economic Zone has had no negative effects.

Additionally, the World Bank’s President will be visiting Vietnam on July 16th and 17th to strengthen the partnership.  These are the same dates as the BRICS summit from which the official announcements of the New Development Bank and Currency Stabilization Fund will be made.

And as we’ve explained already, the World Bank has offered its full support for the BRICS Bank.  This is not a coincidence and is making it increasingly challenging for those who attempt to convince us that their are two opposing sides to the economic reset taking place.

Its obvious that the Vietnamese dong is about to be revalued but how that revaluation will look on the other side is not clearly determined.  Those who have dreams of getting rich from the dong reset may in fact see some sort of upside but it is just as likely that capital flow restrictions could very well hamper some of this.

Much is known, as can be attested from the above information, but there still remains large components of this financial reset which have been well hidden. 
But let us not forget those around the world who have suffered tremendously under the past imbalances, none more so than the Vietnamese people themselves, who have shown strength and perseverance through decades of war and economic sanctions. 

The fact that they have modernized faster than any other country in the world is a testament to the power of the human heart and mind.  – JC