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Saturday, March 25, 2017

BACKDOC UPDATE, 25 MARCH

BACKDOC:  Article:  Britain out of the European Union cost $ 62 billion
THIS 62 BILLION WILL CONTINUE THE POUNDS MOVE TOWARD PARITY AS I'VE SHARED IN THE PAST.

ARTICLE 5O WILL BE INVOKED ON MARCH 29TH AS HAS PREVIOUSLY BEEN REPORTED AS WELL AS HERE!    INTERESTING THEY ARE NOW CONSIDERING MOVING IT TO SATURDAY APRIL 1ST! MMMM

THIS WILL BE THE REAL EFFECTUAL BREXIT!

THIS WILL HAVE GLOBAL IMPACT AND WILL BE A GLOBAL DISTRACTION FOR SURE.
NOT ONLY WILL IT HAVE AN EFFECT ON THE POUND AS I'VE STATED BUT THE EURO WILL LOSE CURRENCY VELOCITY AS WELL, THUS CREATING LESS DEMAND FOR THE EURO.
....
THE APRIL 23RD FIRST ROUND ELECTION IN FRANCE MAY DELIVER ANOTHER BLOW TO THE EURO IF LA PENN WINS!  SHE HAS PROMISED TO LEAD FRANCE OUT OF THE UNION AS WELL.

WITH THE SHENZENG AGREEMENT BEING TORN APART BORDERS ARE NOW BECOMING CENTER STAGE!   I LOOK FOR THE EURO TO ALSO RETURN TO PARITY WITH THE FED DOLLAR.

WITH SEVERAL COUNTRIES IN THE EU NOT ABLE TO PAY THEIR FAIR SHARE TO SUPPORT THE UNION AND THE EURO CURRENCY,  ITS JUST A MATTER OF TIME WHEN THE EURO BOND MARKET WILL BLOW UP.

IF LA PENN WINS THE EURO WILL GET ANOTHER SERIOUS FINANCIAL GUT PUNCH AND BY SEPTEMBER WITH THE GERMAN ELECTION I EXPECT ITS DEMISE IN TERMS OF SERIOUS DEVALUATION.  IT WILL DRAG DOWN THE FED DOLLAR WITH IT SINCE THEY ARE TIED AT THE HIP FINANCIALLY.

 THIS SIGNIFICANT DROP WILL BRING THE NEEDED DEBT RELIEF, IN TERMS OF VALUE, FOR COUNTRIES SUFFERING FROM THERE 152 TRILLION GLOBAL DEBT!

THE NEW DIGITAL CURRENCIES FOLLOWED BY THE NEW DIGITAL DOLLAR WILL LEAD THE WAY TO A MUCH NEEDED RECOVERY.

A HIGHER TRUE VALUE FOR SOME COUNTRIES WILL PRESENT WHILE OTHERS WILL BE STILL NEEDING REFORM OR SLIPPING DEEPER INTO TROUBLE.

WITH THE IMF GIVING THEIR BLESSINGS ON IRAQ TO PAY ITS CONTRACTOR DUES IT SHOULD ONLY BE A SHORT WINDOW BEFORE THE OPEN UP THE BUDGET WITH A NEW VALUE AND PAY THOSE BILLS.  THEY WILL ACTIVATE FULLY THEIR PRIVATE SECTOR AND BEGIN DIVERSIFICATION OF THEIR ECONOMY IN ORDER TO INCREASE REVENUES.

WE HAVE TO BE VERY CLOSE NOW AS WE SEE MANY SIGNIFICANT CAUSE AND EFFECTS AS THIS FIRST QUARTER DRAWS TO A CLOSE!    DOC  IMO

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