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Saturday, January 7, 2017

KTFA TIDBIT, 7 JAN

KTFA:

Cleitus:  Thanks Backdoc for your post.  Always interesting and enlightening
Bac doc,  really good information but the question I have is in dumping the old dollar backed by the federal reserve to the new asset back new digital dollar currency. Why would we want to dump our dollar when (which I believe Frank said many times) it will be pegged to the IQD? 

BACKDOC:  :  I NEED TO AVOID DISCUSSING THESE THINGS DUE TO THE SENSITIVE NATURE.   REMEMBER NON CONVERTIBLE AND THAT THEY WILL BE REPLACED.  IMO.     DOC  

Wshfthnkn:  DEFINITION of 'Nonconvertible Currency' Any currency that is used primarily for domestic transactions and is not openly traded on a forex market. This usually is a result of government restrictions, which prevent it from being exchanged for foreign  currencies
 
BACKDOC:  IN THE IMF STUDY THEY STATE DIGITAL EXCHANGE WILL ONLY OCCUR FROM DIGITAL TO DIGITAL!   NOT DIGITAL TO NON DIGITAL!    DOC    IMO

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