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DINARESGURUS.BLOGSPOT.COM_________________ _______

Wednesday, July 1, 2015

RV is Essential to Finance the Budget, 1 JULY

A seminar held to discuss the progress of the development policies and it was attended by the Governor of Iraqi Central Bank, large number of economists, officials, businessmen, academics and institutions. They discussed the reasons behind the recent crisis, low value of Iraqi dinar against the U.S dollar and its effects on the economy of Iraq. Mehdi Al Hafez said that the prices are stabilizing in the country, the Iraqi Central Bank has taken some major and important measures that limited the provocation of these crisis, so the Iraqi dinar returning to its previous position. The Iraqi Central Bank is also focusing on executing development projects with a handsome support of billion dollars in the form of loans for small and medium size projects.
The Governor of the Iraqi Central Bank said that we are focusing on our monetary policy, especially the process of selling the U.S dollars which is most important for Central Bank and for other banks, although buying and selling of foreign currencies is not their business process, but it is related to Central Bank’s monetary policy and to achieve the economic stability for the country. He also added that a sale of U.S dollars contributes financing in the Iraqi commercial sector. It is also said that more than 70 percent of the U.S dollar sales used to cover the imports. He said that there is not any problem regarding shortage of U.S dollars but the lack of coordination and cooperation which resulted shortage in the local revenues and created problems to convert U.S dollars into Iraqi dinars, so the Iraqi Central Bank interested in selling more U.S dollars in its daily sales auction.

Should Indonesia redenominate its currency?, 1 JULY

However, by the year of 2009 Indonesian economic development had become more stable than before. In fact, when most countries in the world experiencing negative economic growth, Indonesia's GDP growth rate reached 4.5 percent (Indonesian Central Statistic Agency, 2010). This put Indonesia as one of the three best performing countries in economic terms the following year, in addition to China and India. Based on second Quarterly Indonesian Economic Growth Report in 2010, Indonesia's high economic growth, supported by increased of exports, investment recovery, and maintained the level of public consumption (Indonesia Central Statistic Agency, 2010).
Based on the largest Indonesian online newspaper Kompas.com, in August 2010, due to economic growth and stability, the Central Bank of Indonesia planned to perform a redenomination of rupiah . Redenomination could be conducted in a situation in which macro-economic conditions, economic growth and inflation were stable and under control. Redenomination, in this case, means reducing digits (zeros) without reducing the value of those currencies. For example, the 1,000-rupiah bill would become 1 new rupiah in order to simplify the denomination (floating) currency into smaller fragments. With this simplification simultaneously carried out also on the prices of goods, this process would not change people's purchasing power (Ioana, 2005).
Based on E. Borensztein and J.D. Gregorio (1999) research paper I can explained that in redenomination, the value of money for goods has not changed; only the way of writing the reference and floating currencies are changed and adjusted. This is different from devaluation, where the value of money for goods became smaller, because it cuts the value of the goods . Devaluation done in the event of very high inflation and macroeconomic conditions are not healthy. Some examples of redenomination: for one liter of petrol price currently at Rp. 4,500 per liter, if redenomination cut up to three digits (three zeros), then that must be paid about (new) Rp. 4.5 for 1 liter of petrol due to the price of one liter of petrol is also expressed the same in fractional units. While sanering, if there is sanering per thousand rupiah, then by Rp. 4.5 can only purchase 1/1000 or 0.001 liters of gasoline .
The principal aim of currency redenomination is to simplify fractions and to make it more efficient and comfortable in transactions (Oluba, 2008). Besides that, currency redenomination could make economic disparity within regional countries looks more equal and could overcome criticisms like that from Fox News (2008) , which claimed that Indonesia's currency was among the world's worst ten.
Therefore, this paper will argue that Indonesia should redenominate its currency because of its positive impact on society and its economic influences within the region.
Economic Impact of Redenomination
Redenomination might have a direct impact on the Indonesian economy. Mas (1995, p. 487) shows that during the transition period, redenomination is a very expensive and time consuming practice. Mas goes on to say that, at first, redenomination increases transaction time. However, despite the claims of like Mas who argue that, during the transition period, redenomination increases transaction time, Ahmad Bello (2007, p. 10) points out that in the accounting field, management will spent less time in evaluating and digitalizing financial data. Furthermore, while indeed it is possible that redenomination may cause changing prices in labels,menusand catalogs,, technical and operational problems arising from the use of figures with multiple zeros could soon be settled. This could help in developing the custom of using coins. Third, it is undeniable that changing the currency denomination may also necessitate change the balance sheets and accounting records. On the other hand, by using minimum number of zeros it would possibly be advantageous for businesses, as it would make things easier in terms of financial data input and reporting financial information and also business transaction process ( Ahmad Bello, 2007, p. 11).
However, Mas (1995, p. 487) mentions that currency redenomination has no direct impact on the economy or has little economic significance. The reason for this is that, as long as the value of the currency remains absolutely constant, and the ability to buy remains the same, the demand and supply services will not change means that there is no impact on macro and micro economic aspect; net investment, government spending, balance of payments and net exports will only suffer very little impact; and on household consumption level, the dissimilarity between pre and post redenomination currency will not be clearly seen as there is only minor psychological problems in related with customs. (Mosley, 2002; Zabuliene, 2005; Ncube, 2007; Lead Capital Limited, 2007)


Psychological effect on Redenomination
"Psychological worries" may occur to Indonesian people that the currency may go back to multiple zeros after redenomination due to inflation. This is suggested by evidence that lower income levels "psychologically" suffer most of the effects of redenomination (Simge Tarhan, 2006). Evidence for this is that redenomination may generates artificial inflation in low price goods which the poor often buys. (Ahmad Bello, 2007, p. 14) . For example, in Nigeria, a N163 commodity in the present Naira becoming N1.63 may suddenly be charged at new N2 if the coins which would need to be used for the new transactions are not well-accepted, as it appears to be the case with the coins currently in circulation. However, Ahmad Bello (2007, p.6) believes that the psychological effect, which creates a sense of identity, is the most common reasons for a country engaging in currency redenomination. Similarly, Cohen (2004) posits that a national currency not only facilitates economic transactions but affects citizens' identity and subsequently the legitimacy of the national government .
Lost of Value after Redenomination
Layna Mosley (2005, p. 10) mentioned that there were concerns about people starting to view their currencies as diminished in value, both economically and symbolically. Data to support this is that, Aluko (2007) provides list of many African and non-African countries whose citizens almost lost confidence in their currencies. According to him, as at July 2007, a US dollar ($1) exchanges 9270 cedi in Ghana, 9426 rupiah in Indonesia, 9861 franc/ariari in Madagascar, 10184 kip in Lao and 15921 dong in Vietnam. However, it has been argued that most common objective of redenomination is to ensure credibility (Layna Mosley, 2005, p. 6). Furthermore, certain governments adopt redenomination strategies in order to improve their monetary sovereignty and control tendency for currency substitution. On the grounds that, transition to single-digit inflation could restore the credibility of currency. In fact, research shows that enhanced credibility can improve government electoral fortunes, as citizens reward economic growth and macroeconomic discipline (Armijo, 1996; Stokes, 2002 in Mosley, 2005); and it can improve a government's treatment as a borrower, as a location for private investment, and as a defender of an exchange rate in the eyes of global capital markets (Leblang, 2002; Jensen, 2005).
Redenomination As A Solution Strategy
Mosley (2005, p.1) argues that a few countries with high inflation level do not consider currency redenomination as a strategy. Indeed, some countries are very cautious about redenomination (Ishiekwene, 2007). For example, since the beginning year of 1997, South Korea's won has fallen to 932 to a dollar , Hungary's forint is 216, and Japan's yen is 117, yet these countries put aside redenomination as their solution (Araki, 2001; Mosley, 2005). If there is going to be high inflation in the future, this redenomination program will only be an extra cost to the economy. However, currency redenomination is usually done when countries are experiencing hyper-inflationary pressures which have the effect of making its local currency unattractive (Ahmad Bello, 2007, p. 1). Simge Tarhan (2006) provides a clear case of hyper-inflation in Turkey where a bottle of drinking water cost 300,000 TL, a movie ticket 7,500,000 TL, Toyota Corolla: 32,900,000,000 TL (32 billion), and GDP in 2002: 273,463,167,795,000,000 TL (273 quadrillion) before the old Lira was redenominated by removing six zeros. Aluko (2007) cites the example of Zimbabwe that experienced years of inflation that hit 1200% a year. Determination in bringing inflation down to single digits permanently could be better comprehended. In some cases, if the timing was correct, redenomination could cap off high levels of inflation.
Redenomination As A Solution Mechanism
Ignacio Mas (1995) states that currency redenomination has been used as a solution mechanism throughout history. The reason for this is that redenomination often occurs after economic crises, as governments attempt to convince citizens and markets that hyperinflation is a thing of the past (Mosley, 2005, p. 1). According to Ishiekwene (2007), historical evidence suggests that redenomination had been very successful in an environment of macroeconomic stability, declining inflation, stable exchange rates, fiscal restraint and prudence and rational expectations of policy credibility.
Conclusion
Overall, I would recommend that Indonesia should redenominate its currency, since redenomination generates little impact on both macro and micro economic. In addition, redenomination affects rupiah appearance looks more attractive which increases citizen's pride and confidence for their national identity, whereas, it could also influences the legitimacy of the national government. Furthermore, based on historical evidence, redenomination is very common strategy in the past to overcome hyperinflation and also to increase the credibility of currency in a stable macro and micro economic, declining inflation, exchange rates, fiscal restraint and prudence conditions. When the timing is perfect, redenomination could cap off low level value currency to reach its dignity. LINK

EXCERPTS OF POPPY3 & MILLIONDAY & MILLIONDAY CHAT, 1 JULY

7-1-15 Poppy3: I AM EXPECTING THE RATE CHANGE BEFORE THE END OF THIS MONTH...MEANING JULY... JUST JUDGING FROM...ACTIONS WE ARE SEEING ON WHAT THEY HAVE BEEN SAYING. ...IF THEY CONTINUE WITH ACTIONS AS THEY HAVE BEEN THE POSSIBILITIES LOOK PROMISING IN THIS NEXT 30 DAYS

7-1-15 Millionday: Article quote: "The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services..." [So M is out, if so does this open the doors for the 3 pres. to get things a moving?] ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED. 

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Millionday: London: contagious Fayyad acknowledged leader in the Iraqi National Alliance, the existence of «differences and problems have weakened the Iraqi National Alliance», adding that «these differences already ridden relations Shiite political leaders», 

stressing that « Lola Iran for the rest coalition exists ». The leader, who preferred not to be named said the «Middle East», that «the divisions in opinions and attitudes between the National Alliance leaders (which includes parties and movements.
Millionday: Shiite political figures), which is the largest parliamentary bloc in the House of Representatives, It was formed to pay and pressure from Tehran for the purpose of dedication for a third term for Nouri al-Maliki, leader of a coalition of state law, and the former head of the Iraqi government, but the positions of the leaders of some Shiite parties,especially the Islamic Supreme Council, headed by Ammar al-Hakim, and the Sadrist movement, led by Muqtada al-Sadr, and the pressures of the rest of the Sunni, Kurdish and secular parties In addition to the US position that al-Maliki was forced to withdraw by force and not voluntarily », warning that«

Millionday: WHOOPOW -- FORCED TO WITHDRAW -- (MALIKI)

Millionday: The problem is that al-Maliki is still considered himself is the supreme leader or spiritual Prime Minister Haider al-Abadi being the leader of his party (the call) ».

The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services and the army, and even if you get rid Abadi of this influence,

the crowd and popular militias who are fighting with the crowd paper is strong pressure on the prime minister, especially that the leadership of the crowd and the militias do not comply with Ebadi, but

Millionday: NOTE --WOW THIS IS SO FULL OF INFO -- LOVE IT -- WHOOPOW -- LOOK AT MALIKI THROUGH YOUR MINDS EYE ---- NOT GOOD

Millionday: primarily to Iran and head of the Badr Organization, Hadi al-Amiri and the owners and leaders of the militias (Shiite) », warning that« militias (Shiite) pose a real threat to a private government and the security situation General ».

Speaking leader of the National Alliance for the «differences that stand in the way of forming a unified opinion by the coalition leaders», said: «The most prominent of these differences is the lack of agreement on the presidency of the National Alliance, it is assumed that Ibrahim al-Jaafari give up the presidency of the coalition after the receipt of the post of Foreign Minister,

and received the leadership of the Alliance Ammar al-Hakim, but the objections of the State of Law who want to be the leader of al-Maliki coalition forwarded without reaching a solution to this problem, from this side.

Millionday: NOTE THE THREE PRESIDENCIES MEET THIS WEEK TO FORMALIZE THEIR JOB RESPONSIBILITIES

Millionday: THE THING IS THIS THEY HAVE TO MOVE WITH POSITION AUTHORITY

angus: This is as past tense so M is out, if so does this open the doors for the 3 pres. to get things a moving?

Millionday: ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED -- GOOD QUESTION HUN

jarhead: oh u mean they woke up and does this mean that if he gets kicked they will replace him and...how long will that take

Millionday: WE DONT KNOW HOW LONG -- BUT

Millionday: I WAS LOOKING FOR A FORMAL TIMELINE AND IT CAN BE CHANGED

jtank: Who will replace Maliki? any idea? thx

Millionday: SO THIS IS AOTHER ACTION WE WILL DEED TO SEE LOL YW ALL THE TIME --

faith1: can Iraq not move forward with Laws until new pm is seated? because of all the power being given...?

Millionday: STILL LOOKING HUN

faith1: laws and reform internationally..

Millionday: MALIKI IS A VICE SO THEY CAN MOVE FORWARD THE WAY THE SET UP

Millionday: ESPECIALLY IN THE POSITION THEY'RE IN WITH SUCH GREAT NEEDS INTERNATIONALLY/REFORM WISE/AND WITH THE REFORM FOR TRANSITION FOR A MARKET ECONOMY

Millionday: Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank profits exceeded {37} billion dinars last year and others ..

Millionday: NOTE -- THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS

Millionday: NOTE -- PRODUCTION ON THE WAY --- WHOOPOW

Millionday: NOTE -- THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION

Millionday: claim Baltmwenah document identification violates the law of Basra to discuss the development of the productive qualities of broiler chickens Zora Najib: measures {Central} revive the market and gross domestic product a great leap of the shares of K. + S after the purchase offer of Potash Corp term direct implementing a project to address the problem of bottlenecks on the national network of Commerce Announces marketing more than two and a half million tons of wheat

Millionday: NOTE -- COMMERCE ANNOUNCED THAT THE AMOUNT THEY ARE TALKING ABOUT HERE IN TRADE VIOLATES THE LAW DUE TO THE DEVELOPMENT RESULT THIS IS TO CREATE FOR AGRICULTURE --- THIS IS PART OF THE PLAN TO BOOST THE ECONOMY/REVITALIZE AND RAISE THE GDP --

Millionday: A DIRECT EFFECT ON THE INTERNATIONAL EQUATION

Millionday: WHOOOPOW

Millionday: WOW THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING

Millionday: THE NEXT PARLIAMENT SESSION BEGINS WED

snowhite puffdragon: How productive can they be?

Millionday: SNOW -- WITH THE BEST OF ADVANCES IN THE WORLD BEING THE UPGRADE THEY ARE RECEIVING -- IT APPEARS THEY CAN BE VERY PRODUCTIVE -- IN ONE REPORT TODAY

Millionday: It demanded that the Kurdistan Regional Government, Sunday, the US Senate to play a role in addressing the problems between Baghdad and Erbil, calling on the international community to provide assistance to refugees and displaced persons in the region.

Millionday: The head of the Government of the Territory Nechirvan Barzani in a statement issued today, after meeting with a delegation from the US Senate, headed by the chief of the armed forces in the Council and received by the agency / information /, copy it,

that "the delegation praised the efforts of the Government and the people of the Kurdistan Region and the Peshmerga forces who as well as address to terrorists Daash greeted very large number of refugees and displaced people and provided them with the necessary services.

Millionday: SO KURDISTAN HAS ASKED FOR THE US DELEGATION TO HELP BRIDGE THE GAP BETWEEN IRAQ AND KURDISTAN

Millionday: THIS MAY TURN OUT TO BE PRODUCTIVE IN THE AGREEMENT

Millionday: THE AGREEMENT IS SIGNED AND SHOULD BE THE AGREEMENT OF OIL WE READ SO MUCH ABOUT SO VERY EXCITING

Millionday: WHOOPOW

Millionday: HOLD ON TO YOUR HAT

Millionday: According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it. "

Millionday: NOTE -- THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION

Millionday: The statement noted that Interior Minister Mohammed Ghabban reviewed during the meeting, the stages of completion of the project during the last period represented, with the completion of the workshop exchanged between the Iraqi side and the German port project in Baghdad and Munich,

which dealt with all matters relating to system project of building restructuring the system to process the supply of services , and the completion of the cadres of the General Directorate of Nationality training courses inside and outside Iraq, and a test Almsenai submitted by the company G & D process and the German was successful. "

Millionday: NOTE -- THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY

Millionday: He Ghabban "the arrival of shipments of device and equipment for the national card system with the arrival of the first shipments of crude national card, and the specialists at the National Directorate of the card set up special mechanism to call the citizens and explain how their review to the circles in which case the installed chains."

Millionday: NOTE -- THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN -- WHOOOPOW

Millionday: He said, "It will be the start of a virtual environment during the coming period and includes national print card (model) with generating national number Default then start the gradual spread in circles Civil Status."

He noted that "the Ministry of Interior and engaged for a long time on the success of the national card project has spared no effort in that subject because of its great importance to the security and service levels"

Millionday: THIS IS GREAT NEWS ---

Millionday: WHOOOPOW

Millionday: HAVE A GREAT NIGHT AND WE WILL SEE YOU AT RT TOMORROW -- AT 1 EST

KTFA CHAT UPDATE, 1 JULY

KTFA:

Bernice:  Frank....so is this what we want....with everything going down?

Frank26:
  At this stroke in the swim .......... Yours is a difficult question to answer.

Have You ever played pick up sticks?

Tell me ........... How do You decide on the one to pick up first?

The answer may seen rather abstract ......... But so is this LAVA FLOW.

Try not to predict .... Anticipate nor guesstimate anything in this MR . Simply carefully analyze and comprehend what ........ Is Given.

Enjoy The Ride and may we mature into righteous........ Note:
....
It has been 2000 years but tonight at W to NW just after sunset Venus and Jupiter will merge to form........ The Star of Bethlehem.

Fascinating ........ Indeed.    KTFA   Frank


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quattro1 :  Accident or Coincidence????  Greece Defaults on $`.7 Billion IMF Payment!

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Purifyers:  .. It will be interesting to see what evolves from this....

IMO.... this was a plan hatched out "WAY" ahead of time, ">THEY<" KNEW the financial situation that Greece would be in.... and it plays out MORE DEEPLY.... than 3D chess....

Moves with countries are well thought out.... MANY MANY years before any actions that we "see" played out in real time.... (although modified along the way... I must admit)

IMO.... "REAL TIME" is the "THEATER" for citizens of the world to witness.... but in the background.... we are played.... like a fine Magician.... that KNOWS THEIR CRAFT....

What we SEE.... is not (necessarily) the TRUTH.... of how "NATIONS" progressed.... and how the result came to be.... before our EYES!

Slight of hand????

IMO.... HANDS....

(NOTE: a little "truth or dare".... plays into CHESS MOVES with nations)

I have a sweet tooth.... anyone care for a dozen donuts?

(I have learned ALOT from what Frank,... teaches us)  Thanks Frank!!

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FrostyTheSnowman   » June 30th, 2015, 10:12 pm

Tick Tock . . .

http://www.cnsnews.com/news/article/terence-p-jeffrey/15-weeks-treasury-says-debt-has-been-frozen-18112975000000

The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, June 26, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Monday.

That, according to the Treasury's statements, makes 15 straight weeks that the debt subject to the limit has been frozen at $18,112,975,000,000.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

The Daily Treasury Statement for March 13 was the first to show the federal debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.

Every Daily Treasury Statement since Monday, March 16, has reported the debt beginning and ending each day at $18,112,975,000,000.

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Purifiers   » June 30th, 2015, 11:35 pm  •  

Iceland looks at ending boom and bust with radical money plan

Wednesday 01 July 2015

Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank

Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.

The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".

"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.

The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".

Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.

http://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-ending-boom-and-bust-with-radical-money-plan.html

DINAR IRAQ & DONG VIETNAM UPDATE, 1 JULY

Dinar Iraq and Dong Vietnam :Greece default and the subsequent contagion, may force the Reset!
We were all intrigued by the 2012 Bloomberg Interview on the coming global currency reset; when a financial expert was asked what keeps him up at night and he proclaimed the coming massive default or reset of the euro.
Well a Greece default and contagion may finally bury the stinking corpse of the euro. Rather this moment was contrived and engineered for a global reset or an evolved opportunity; a Greece default may be just what’s needed as a forcing function for what we seek.
I know a lot of my TNT friends have bought into the rhetoric about Greece being the bad guys and are a bunch of suicidal crazies. I can assure you, that’s a lopsided view. Just last night I was with an acquaintance from a smaller new EU nation. He carefully explained the dynamics of the situation in Greece and a number of other EU countries.
Remember “confessions of an economic hit man” well it’s in play here with a terrible twist and I can assure you that other EU nations are watching closely and are READY TO LEAVE THE EU!
One of the most balanced articles I’ve read on the Greece austerity situation and why it has failed, I included with this post!
What seems to have worked a LITTLE in Spain and Portugal, could not work in Greece; structurally different economies.
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[…info about the BONDS was exciting because I know if they are selling them with a new rate it won’t be long before they will have to show the world.] The intel…The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to…The Caboose.
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can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently – we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)
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Potential Currency Reform This Year, 2015!
1. IQD = RV then RD to at least USD1 
2. IRR = RD then RV to at least USD1 
3. IDR = RD then RV to become USD 1 = IDR 9