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Friday, April 28, 2017

BACKDOC UPDATE, 28 APRIL

BACKDOC:  WELL, I BELIEVE BOTH SHIA BROTHERS  (Iraq and Iran) WERE GIVEN A RATE ON THE 21 st, ONE MONTH AFTER IRAN SAID IT WOULD GO TO A SINGLE PAYMENT SYSTEM.

OF COURSE THEY DIDN' T GO TO ONE PAYMENT SYSTEM THEN BUT NIETHER DID HIS BROTHER NOW DID HE?  Ahh NO.

ONCE THE IMF AND WORLD BANK VALIDATED THEIR RESERVES I BELIEVE THEY WERE GIVEN THEIR STARTING RATES.  POSSIBLY ONE WEEK LATER ON THE 28 th SOMETHING MAY HAPPEN.

I THINK IT ALL STARTED ON THE 8 th THEIR FAMOUS LAUNCH DAY!

AS WE RECALL THERE WERE LARGE AMOUNTS OF MONEY BEING MOVED. THEN WE WENT TEN DAYS. ON THE TENTH DAY I BELIEVE A 72 hr TIME WINDOW OCCURRED RIGHT UP AND THROUGH THE MEETING WITH THE SHIA BROTHERS.
....
I BELIEVE THEY GOT THEIR RATES ON THE 21 st. THEN ADD A PERFECT 7 FOR EXCEPTION AND HERE WE ARE. WELL MAYBE JUST MAYBE IF IT DOES ROLL TONIGHT WE MIGHT BE SEEING SOMETHING BY MAY 2nd JUST AS PAPAJ SAID.

REGARDLESS WE ARE SO CLOSE WE CAN SMELL IT.

DEMANDS WILL SOON BE REALITY, OH SORRY A NEW REALITY! HEE HEE

KEEP YOUR EYES ON THE ASSET-BACKED DIGITAL CURRENCIES.  REMAIN ASSET-BACKED AND YOU WILL BE FINE.

THE DOLLAR WILL GO THROUGH SOME CHANGES BUT STAY ONLY IN THE USN AND EVERYTHING WILL BE FINE.   FOLLOW THIS CAREFULLY AND YOU WON' T FAIL AS MANY EXPECT THAT YOU WILL.

FROM  8@8, WHERE OUR HOPE BEGAN TO.......

BY THE WAY DID YOU ALL NOTICE RIGHT AFTER THE SHIA BROTHERS MEETING WITH THE IMF AND WB POTUS CAME OUT OF THE WOODS ON THE TAX ISSUE.

 MY GUESS IS HE HAD NUMBERS TO PLUG INTO THE SPREAD SHEETS. HE THEN SAID HE WOULD SHARE ON WEDNESDAY WHICH HE DID. DID YOU WONDER WHY HE WAITED TILL THAT MOMENT?

 WELL, MAYBE THATS WHY. HEE HEE.

WE ARE IN AN IRREVERSIBLE PROCESS AS I SEE IT!  GO IRAQ!  DOC   KTFA:

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Note: There are no real published facts as of yet, about USN's or Asset backed currency...please consider all posts regarding these as "Rumor and Opinion" until proof is available.  Remember-Anything can change at Anytime! This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

HootOwl:  backdoc a question for ya,,,will the bank automatically give me the usn,,,and not the federal reserve note at the time of exchange or do i have to request it

BACKDOC:  THATS THE TRICKY PART RIGHT NOW AND ITS TOO SENSITIVE FOR ME TO DISCUSS. FOLLOW MY RULE AND IT WILL ALL WORK.

ANOTHER STRATEGY I MENTIONED BEFORE IS TO AQUIRE A LINE OF CREDIT WITHOUT EXCHANGING UNTIL WE ARE IN THE NEW BUDGET YEAR PAST OCTOBER 2 nd.

YOU CAN LET A BANK HOLD SOME CURRENCY AS AN ASSET LIKE GOLD IN THEIR VAULT WITH REPAYMENT TO BE MADE AS A BALLOON PAYMENT AT THE END OF THE LOAN TERM. I WOULD ONLY SPEND WHAT I NEED THEN. WHILE ITS SITTING IN THE VAULT THE VALUE WILL LIKELY RISE ESPECIALLY IN THE FIRST 90 DAYS.

THIS ALLOWS APPRECIATION OF YOUR CURRENCY WITHOUT EXCHANGING IT AND YOU STILL HAVE YOUR NEEDS MET.

JUST AN IDEA FROM DING DONG DOC    IMO

GreenClan:  BACKDOC.....question. IF say they RV april 30 and go international 1=1 and the 70ish days to reach the ceiling rate before going back down.  How do you propose locking in the ceiling (top) rate as we wait till after oct 2.

BACKDOC:  WHAT YOU EXCHANGE TO IS FAR MORE IMPORTANT THAN GETTING TOP RATE. REMAIN ASSET -BACKED AND YOU WONT LOSE. IF THE USN IS ALL THERE IS TO EXCHANGE TO THEN BY ALL MEANS TRY FOR THE BEST RATE.  IMO

IF YOU ECHANGE TO NON ASSET BACKED AND GET THE BEST RATE LOOK OUT, WELL GOTTA STOP HERE.

Lavendar:  How does one "stay" in USN, while all the banks are and have only federal notes? Can I "keep" my Dinar after the RV as they will be backed by physical assets? Trying to wrap my head around some wisdom here.

BACKDOC:  RIGHT!   BY STAYING IN THE DINAR YOU REMAIN ASSET-BACKED  DOC   IMO

Pat:  Thank you for your help in understanding this amazing opportunity.
Your input is greatly appreciated.  It's a great add-on to the KTFALWAYS study.
As for the transition of the USD to asset backing, how do you see it happening.  Will it be a big announcement or simply a roll over to the new asset backed currency that phases in when the new fiscal year begins?   Also, can you share any reference sources that are public enough for an individual like me can access?
BACKDOC:  UNFORTUNATELY THAT DETAIL IS TOO SENSITIVE FOR ME TO DISCUSS. JUST WATCH THINGS PLAY OUT AND BE CAREFUL. WE KNOW WHERE WE ARE RIGHT?  JUST BE SURE YOU KNOW WHERE YOU ARE GOING BEFORE YOU LEAVE. (CURRENCY WISE)   DOC   IMO

Lavendar:  Thank -you Backdoc!-----It does seem tough to be able to pay bills with the "post RV Dinar" however., instead of usd----What say you?

BACKDOC:  WE JUST NEED TO SEE HOW THE PROCESS PLAYS OUT. NO WORRIES.

Upstart:  My opinion, for what it's worth.....

Why stay in an asset backed currency when you can actually buy real tangible assets and generate income from them ?

Ok, maybe diversify any money you hold into different currencies, but I fear that some may see this in an over simplified way and think they are safe with a long term hoard of IQD, because it is "asset backed"   Hanging on to any currency beyond the period suggested by Frank and teams, for the revalued IQD, is a gamble. Simple as that.   (IMO, as you colonial folks like to say)

Currencies go down as well as up and stocks & shares crash and intervals.

Land and property tend to stay put and rarely lose any value, if you buy wisely.  Have you noticed, they aren't making much new land these days, so property simply has to increase in value. Supply and demand in its simplest form.

Disclaimer: I am not a financial adviser.

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GFulcher66:  well said upstart, and may I add IMO turning currency into an income producing asset that adds worth to its community and supplies a need to Christians in time of famine etc is even better. IMO what Bacdoc is saying is accurate though b/c as we transfer into the assets we want to stay in the better safer asset backed currency as it could takes months to accomplish your "plan"

Income producing assets that add worth to your community also create jobs, the jobs they create allow the employees to take care of your asset while it appreciates in value, can not be "Cyprused", gets you tax right off's and produces a wonderful service to those who need it.

BACKDOC:  OBVIOUSLY IF A PERSON EXCHANGES AND BUYS LAND YOU HAVE BECOME ASSET BACKED AGAIN. THEREFORE THAT MAKES SENSE. NOT EVERYONE WILL DO THE SAME THING OR WILL WANT ALL THEIR MONEY IN LAND OR BUILDINGS. THERE ARE MANY OPTIONS.

THERE ISNT A REASON TO BE IN A HURRY.   DOC   IMO

Andy5252:  True, but by staying in the dinar, you will miss the high rate and be in the dinar as it drops in rate......imo.......maybe exchange dinar at highest rate  than buy it back later at the lower stable rate to stay asset backed,   that isnt what i plan to do, but it may make sense if someone wants to be asset backed 

BACKDCOC:  AS LONG AS YOU EXCHANGE TO ASSET BACKED YOU'RE FINE BUT IF YOU EXCHANGE AND THE VALUE DROPS REMEMBER I TOLD YOU TO REMAIN ASSET BACKED.   DOC  IMO

CircuitRider2:  An asset backed currency is one where the issuing entity has on hand/owns an asset like gold or silver of  equal value to the  currency issued by the entity.  In most  cases the issuer is the central bank. These assets have intrinsic value. No central bank in the world has hard assets to cover the value off the currency which they have issued.

In the case of our Federal Reserve, it has other assets for example bonds issued by the US Treasury or foreign currency of other nations.  These are on the books as assets but are only as good as the issuer that backs them.  In the case of our US Government the reasoning goes that it owns property, mineral rights and buildings which could be sold and has the has power to tax it's people and businesses.  So, the bonds it issues have adequate backing or collateral.  These assets have derived value.

There has arisen a new concept that a country that is rich in natural resources has an "asset" backed currency.  This sounds good but the reality is it is neither intrinsic nor derived value but rather potential value which is dependent on a host of factors such as the demand for its resources.

A good example is I inherited mineral rights for a section of land in Oklahoma.  When the price of oil was low the  mineral rights were worth less.  But since the price of oil has gone up I received a letter from a company offering to buy my "rights". I had potential value but it wasn't sure.  Or there is the example of Venezuela.  It is rich in oil but the socialist inept government has destroyed the value of their currency.  Zimbabwe is another example.  They have rich farm land and were a major exporter of food stuffs at one time but look where their currency is now.  Inept government policy led to their ruin.  An asset in the field, as it were, doesn't put money or value in the bank.

I don't think there is any truly hard asset backed currency in the world today.  Because of this a currency's value is based on many factors like the stability of it's government, the GDP, the work force or lack of, the debt of the government, the safety and security of it's people, the trade surplus or lack of, the reserves on the books of it's central bank, credit rating and many more factors of which we would be aware if we had degrees in economics.

So the talk of an "asset" backed currency could mean an "asset" with intrinsic value or one with derived value or the trendy globalist potential value asset (also popular with mythological GCR).  I would want a currency with the best reputation, the highest quality of backing and easiest to use the world over which is the USD.

I bought the IQD as a speculative investment like buying shares in the country.  I plan to hold a certain portion of my investment because I believe Iraq will get it's act together and see a great future which will increase the value of the IQD!   All IMHO!

Upstart:  Wholeheartedly agree with you.

As expressed in my post # 239 ( see above)  I worry that some people may make decisions on the basis of broad sweeping generalisations about staying in an asset backed currency.
On that basis, the Zim was a dead cert .

However, despite Zimbabwe being asset rich in terms of being the bread basket of Africa and having huge mineral wealth, its economy is an absolute basket case (excuse pun) due to corrupt government. 

The lesson being that unless the assets are properly managed, it means nothing for the strength of the currency.

BACKDOC:  IF YOU STUDY BASEL 3 YOU WILL DISCOVER ALL COUNTRIES ARE IN TRANSITION TO ASSET BACKED STATUS WITH THE IMF.
BY THE WAY THE DINAR IS 100% GOLD BACKED.

PLEASE DIG IN AND STUDY THE IMF PLANS AND TOU WILL FIND VALIDATION OF WHAT I' VE SHARED BUT THERE IS MUCH MORE DETAIL TO IT.

UNFORTUNATELY BECAUSE I CAN ONLY SHARE ABOUT THE ASSET BACKED SIDE OF THE SITUATION YOU AREN'T GETTING THE OTHER SIDE OF THE STORY. THATS UNFORTUNATE BUT DUE TO SENSITIVITIES IM NOT ABLE TO EXPLAIN FUTHER ON THIS MATTER.

BLESSINGS TO YOU ALL.    DOC  IMO

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