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Tuesday, May 10, 2016

WSOMN CHAT UPDATE, 10 MAY

WSOMN:
BB8:  Basil III is about assets, not just gold. All countries have them, and believe or not the US is one of the richest…. It includes real estate, GDP, oil, gas, minerals and a multitude of other assets, not just being gold backed.

Beloved:  We have to remember when we talk assets that they may be inflated today. When we do truly go asset backed we may find that the value of those assets has also been adjusted.

Lami:  Here is another little tidbit I read somewhere-the Zim is planned to be used to develop all of Africa...and you may be VERY surprized at the resources in Africa….

GEG-dinar:  Lami, do you actually believe the idea of 8500 per Zim? In whose world does that make any sense even if it's backed by some Chinese dude with some bucks in a safe?
Cheif53:  Remember though that you can also monetize what is in the ground, not just what is in hand

Lami:  GEG-YES I DO..........Africa has been neglected by the West for a long time...so the resources are great…. The structured payout is exactly that-controlled so it does not create inflation-but JOBS.

Lami:  GEG-IMO the stats for ZIM resources may well support that BOND VALUE for sovereigns…..remember sovereign rates-typically what countries exchange for.

Tulips:  If I can add a point. You will be interviewed some are saying for the sovereign rate...that rate is not too far fetched if you take your projects and duplicate them many times into other areas.

AdminBill:  LAMI AND ROOM - REPORTED TO ME BY MANY SOURCES, SOME WITH DIRECT CONTACT WITH THE ELDERS, ZIM 7 CENTS TO 11 CENTS FOR EVERYONE. GOOD NIGHT GANG

Lami:  GEG and Admin-yes that is apparently the street rate. Neil Keenan also reported that.

Dedar:  I just wanted to point out that in 1980 the zim was on par with the USD 1:1 until Mugabe took over and ruined the economy. Wouldn't it be feasible that the rate would return to what it was in 1980?

Lami:  Dedar-I did not research what the original value was in 1980-but may be right.The thing is-t was all fiat currency as everyone went off gold standard.So will be interesting to see how this gets calculated.

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