Friday, December 16, 2016


Bruce: Welcome everybody wherever you tuned in to. Excited you are here. We had over 600 requests from the financial community which most were international. We are in a very proximate place right now. In fact we have certain things we are going to talk about we are in a place where we want to be right now. This may sound like a broken record.  Even though we had a lot of information Tuesday, tonight we have more information that came to us. Most of today was very quiet.  It seemed unusually quiet for a Thursday. When that happens when it gets quiet it usually is a good sign.  That is where we were today except for a few exceptions.

Bruce:  December 15 is normally a day that the United Nations Operational rates would change. There was a notification on the UN Operational web site said there would be no middle of the month rate changes made, but they would have a change for the rate showing on December 29 effective December 31. This was on the rate page of the UN operational rate site. First time they ever said this.  They have never done that before.  

We found out today that the IMF website page for currencies and their various rates, all those rates disappeared today except the 5 currency that make up the SDR basket, the Special Drawing Right basket. Those were the only rates shown or discussed on that page. For the other currency to fall away and come off told us it might be very significant. Something as that, I took it as very good news.  Another thing we heard that certain agencies are on lock down.  Certain sources inside of some of the banks are still very dark, very quiet. We are not getting much information from people tied to this information. That is too a good sign.
Bruce:   In Iraq this is from speaking from people inside government of Iraq they are celebrating, hugging and kissing today because we have heard that the United States has recognized Iraq again as an International tradable currency. We have evidence this is true and is here. The true international rate or screen rate has not quite populated to the screens. We heard the rate on one of the screens on one of the banks I call it a starter rate. A rate that is real and not at 1160 type rate for the dinar, but a real rate that be a starter rate I would call it. I believe it is telling us it is a place holder one that could have been utilized to do a  low exchange, low rate of exchange compared to the actual value we heard in Iraq. The lower denominations were simulated in all the provinces ATM machines on December 9th, and 10th of this month. I have to believe even though I don’t know for fact that the lower denominations are in the hands of the people. I knew they were available inside the banks and now in the ATMs

Bruce:  There are goods and services purchased at a much higher in country international rate than what we have heard before. This is evident when you do the math and calculate the rate and it is coming up consistently where we thought it was. Whether the international rate on the screen reflects that we will have to see. As far as I know it hasn’t reflected the true value of the dinar. We know in 2012 Dr. Shabibi spoke at the International US Chamber of Commerce in DC said at that time the dinar could support the rate of 16 dollars in 2012. I think we don’t know what the rate will actually be, but Dr Shabibi had total confidence of the value of the dinar.

Bruce:  We know our dollar is asset back and the currencies around the world are asset back.  We are waiting for 3 more countries for their currencies to line up to the dollar. That was occurring last night.

We heard some rates were flashing on the screen whether others were solid fix. I don’t know if all solid fix or in process of populating at the time of this call.
We do believe we are going to be in very close proximity to the finality of this. There is a plan to bring this out to those of us who are next, the internet group. The church groups have finished.

Their equity for their exchange is due any minute. Large transactions taken place yesterday, one over 3 trillion dollar suppose to be available for equity tomorrow. We do have quite a bit in the bond world taking place to hydrate the bond holders. Tier 4, currency and ZIM holders which consider a bond is next to go. We do believe that some groups, sub groups, and Pay Masters are hydrated and ready to do for their members. We are in line for essentially to start somewhat a shotgun start.  By that I mean we are looking at the subgroups becoming paid out and the church groups being made liquid. They have done their paper work for their exchanges.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.