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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, February 18, 2019

RV/INTELLIGENCE ALERT ,18 FEB

(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not be accurate. Other confirmed sources may also be included in this overview.)

The BRICS is prepared to deliver a crippling blow to the stock market if the current non-compliant GESARA nations don't get their show on the road.


This blow will force the stock market to collapse and financially destroy the Cabal completely.


All GESARA compliant nations are already lined up to announce asset holdings to back new currencies under the QFS.


Meanwhile, more and more low to mid-level Cabalists are being secretly arrested and sent to GITMO.


The timing of the RV remains dependent on the status of final negotiations between nations.


A breakthrough is on the horizon.

DJ: "Historical Perspective on Gold Backed Currency", 18 FEB


DJ:   DID YOU KNOW?

Good Evening, In a previous life, as a Civil Engineer, the first thing to consider when doing any project was to establish a “Critical Path”. A Critical Path is simple common sense. Things must follow a sequence of events.

You must run levels before moving earth, you must move the earth before installing the plumbing, you must install the plumbing before pouring the foundation , you must pour the foundation before you start the framing and so on. You can’t install the plumbing after the foundations are poured or start the framing without a foundation.

In this respect the GCR also follows a Critical Path. The Prosperity Programs must be paid first. The Prosperity Programs can’t be paid until currencies are gold/asset backed. Currencies can’t be gold/asset backed until countries have their spending under control (Stop WARRING), establishing sovereignties to be able to issue a currency, create secure delivery systems, synchronize 209 countries, and the list goes on an on.

So we should focus on the first step of the” Critical Path “of the GCR. Gold/Asset back the currencies and what it actually means, what needs to take place and how it works. 


​Any currency is only truly "backed by gold" if it is convertible to gold or if backed by any other commodity, convertible to that commodity.

There is something appealing about the idea of a gold-backed currency, money backed by the tangible value of gold, i.e. "the gold standard."

Instead of worthless paper money (fiat currency), gold-backed money would have real, enduring value, it would be "hard currency", i.e. sound money, because it would be convertible to gold itself.

Many proponents of sound money identify President Nixon's ending of the U.S. dollar's gold standard in 1971 as the cause of the nation's financial decline. If our currency was still convertible to gold, the system would never have allowed the vast pile of debt to accumulate.

The problem with this line of thinking is that it is disconnected from the real-world mechanisms of capital flows and the way money is created in our financial system.

The reason why the USD was taken off the gold standard was because the U.S. was running trade deficits, all of America's gold would have been transferred to the exporting nations. America's gold reserves would have disappeared, leaving nothing to back the dollar.

The U.S. would have collapsed decades ago if it didn't abandon the Gold Standard.

The problem for sound money, is trade deficits. If the U.S. only had trade surpluses, then the gold would not drain away.

Triffin's Paradox explains why this doesn't work for a reserve currency. (Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies.)

A reserve currency has two distinct sets of users, domestic and global users. Each has different needs, so there is a built-in conflict between the two sets of users. Global users of the USD need enormous quantities of dollars to use as reserves, to pay debts denominated in USD and to facilitate international trade. The only way the issuing nation can provide enough currency to meet this global demand is to run large, permanent trade deficits, in effect, "exporting" dollars in exchange for goods and services.

This is the paradox: to maintain the “privilege" of a reserve currency, a nation must "export" its currency in volume. A nation that runs trade surpluses cannot supply the world with enough of its currency to act as a reserve currency. 

A Post-Gold Currency

In the 40 plus years since, the world has been on a fiat currency system, meaning nothing is backing the dollar, yen, euro, etc., except the faith of the people using the stuff. The monetary system is overdue for a major correction after four decades of the current fiat system.

It will have to happen soon and abruptly. Historically, the monetary system changes every 30 to 40 years. The last one was in 1971, before that, it was in 1944 with the Brenton Woods Accord, where all the currencies of the world were pegged to the U.S. dollar (at that point, the U.S. dollar was still pegged to gold). Prior to that, the last change was in 1913 with the introduction of the Federal Reserve.

The likelihood is that, very soon, we’re going to see some sort of gold-backed currency again. Because of our trade deficits. It’s unlikely the USD will be first, simply because doing so would restrain federal spending. It’s more likely to be a currency from a country with a positive trade surplus like China and/or one that has an abundance of natural resources like Australia or Canada.

The country adopting some type of gold standard first is likely to do a partially backed gold currency, which means every dollar or equivalent would be backed by, say, $0.25 worth of gold. This would be a fractional system, a 10% backing of the currency with gold. Whichever country does this first will transform their currency into the global leader of stability, just as the U.S. dollar was for nearly a century. (Pay attention to what China is doing!)

Historical Perspective

What often goes without mention is that, for 99% of human history, money has been backed by gold. Gold and silver started off as a commodity money. This means the commodity is actually used as money. In this case, gold and silver coins were used as money and exchanged directly for goods and services.

The next evolution was a receipt system where the commodity was put into a depository or bank and the owner received a receipt. People started trading the receipts, because it was easier than carrying around the metals.

The receipts were portable and 100% backed by gold and silver, something real and tangible. The receipts were treated as money and could be freely exchanged for the actual gold or silver at any time. The certificates were strictly representative of the actual gold and silver supply, so every certificate was backed by an actual commodity.

That was the nature of the banking system until the banks started playing games with pure one-to-one backing and, out of pure greed, created fractional reserve lending.

The bankers realized people weren’t actually coming back to get the gold and silver, but instead were just trading the certificates or receipts.

The bankers realized they could print more certificates and loan them out, charge interest, and make more profits based on something they created out of thin air. This type of plan would work unless people panicked and wanted their gold back. If the bankers printed twice as many receipts as they had gold for and all the receipt holders demanded gold for their receipts at the same time, the bank would fail. 

Fractional Reserve Lending

The system of issuing more receipts or currency than the bank has the reserves to cover is called fractional reserve lending, and it’s rampant all over the planet today.

The difference today is that the actual gold backing the receipts has been eliminated from the equation. The banks now have deposits of currency that they lend out, but they lend multiples of what they have on deposit. They lend “money” out to people that is made up out of thin air.

For more on this, pick up a copy of G. Edward Griffin’s book, The Creature from Jekyll Island.

During the most recent financial crisis, fractional reserve lending was as high as 42 to 1. That means the banks lent out 42 times as much currency (not gold) as they had in reserve. In some cases, the reserve went to zero, so the bank didn’t have to have any type of reserve at all.

The banks just created money and lent it. They made profits from interest charged on loans of money they didn’t even have. That’s essentially what you have in your bank account, made-up cash that doesn’t exist. There is nothing backing it. (The Basel Accords are supposed to handle that reserve issue)

This can seem a little crazy, and it is! That’s why gold and silver, physical gold and silver, are so important, because they’re real and can’t be manipulated by anything like the fractional reserve system.

The reason central bankers and banks in general don’t like gold and silver is because it’s impossible to play games and make up money if the money is gold and silver. The banks lose their power to scam the populace.

Before 1971, the dollar was backed by gold. In the 1960s, French President, Charles de Gaulle, saw the United States spending on the Great Society and the Vietnam War and started getting a little bit leery of the U.S. government spending all this cash.

President de Gaulle took action to protect France from the wild spending of the United States, and France started trading its dollars for gold, pushing the U.S. to the brink. By 1971, the draining of gold was unsustainable.

Either the U.S. had to slow its spending or sever the link between gold and the dollar. Thus, Nixon chose to preserve spending and closed the gold window, ending the gold standard with one quick swipe of the pen. And because the USD was the currency reserve the rest of the world had to follow suit.


So we must take lesson from prior failures and not recreate the same scenario from the application of a gold standard. Only this time it will be on a global scale. Once a country engages a gold standard it must control its spending and balance their trade or suffer the same draining of reserves that the U.S. suffered.

The problem is, we don’t know what the sequence of events are in the “Critical Path” or where the GCR (The end goal) fits in to the sequence of events. We can only use common sense and speculate what steps must come first to allow the next step.

If gold is to be the major factor in backing the global currencies where is it going to come from? There are many different factors that affect gold prices, including gold production and consumption patterns. Understanding more about where gold is produced, where it is consumed, and even why it is consumed can help provide a better understanding of its reserve capabilities.

Each year, global gold mining adds approximately 2,500-3,000 tons to the overall above-ground stock of gold. While gold production has shown an upward trend in recent years, it is still approximately 1000 tones per/ yr. behind money supply demand this is likely to level off in coming years but for the now we have to deal with reality.

Mining companies estimate how much gold remains at each mining project they operate. These can be split into two categories: reserves (gold that is economic to mine at the prevailing gold price); and resources (gold that will potentially be economic to mine, subject to further investigation or at a different price level).

So allow for the designated sequence of events to unfold, don’t let your expectations or circumstances dictate your perceptions. There isn’t enough gold capacity to back this event strictly with gold. It will most likely be a basket of globally recognized assets. The price of gold would have to rise dramatically just to be at 10% of what would be needed.

I have to retract a statement from the Feb 10th post. Australia, has NOT gone “Gold backed”. After a conversation with the RBA who stated they are still Fiat but have “intentions” of going gold backed.

DJ

Sunday, February 17, 2019

TNT: CONTRACT RATE, 17 FEB

TNT

Emon:

GOOD AFTERNOON everyone. I have a question if someone would help me with. It has always been said that the Iraqi street rate will be higher in us. So if the street rate for Iraq is 4.43

Briona:
Seeing that only 10% of us will end up getting the Contract Rate, I will be making my plans on something other than that.

SaltyDog:
The rate of the Dinar will be driven higher by the markets ...Those looking to make a profit from the initial release rate

Care:
so, i believe the internal rate to be 4.43 and already floating on the back screens

Pearle:
a dollar is a dollar, conversion rate out of country is the difference...it should be 3.22 or higher, 3.22 based on the neighboring country ...Kuwait etc..imo

Care:
the kuwait rate will increase also, within .25 of iraq dinar

Eccle519:
Speaking of Kuwait … The street rate is $3.22 and the Market/US buy rate is 3.22 or less so how is it that the IQD will 3 or 4 times higher than the in-country rate? Just trying to connect the dots

Pearle:
My understanding is that the conversion rate is 3.22...a dinar is a dinar...our dollar is about .78 but a dollar is a dollar...it’s the purchasing power...if Kuwait comes here...their one dinar has 3.22 the purchase power of the dollar...my understanding

Bluelingo:
I hope I do not offend anyone, but perhaps a little real time experience with a different currency which is almost the exact values would help those who don’t seem to understand. I have lived for many years in another country off and on. If I use US dollars in Brazil today one USD is worth R$ 3.60 Brazilian Reals and will buy R$3.60 worth of products on the street in Brazil

One Real is worth one real in Brazil. If I bring Brazilian Reals to the USA one Brazilian Real is worth about $0.28 US Dollars. It takes R$3.60 Brazilian Reals to equal one USD while in the USA. A US dollar is still a dollar here no matter what other currency I exchange from and use here. As so many have said it does not matter what the currency is valued at in any other country it has its value there and we have our value here for the dollar. Hope this helps some understand a little better.

IQD CHAT, 17 FEB

****   "Little ghosts" in Iraq   LINK

 ****   "I think that the Iraqi government has passed the bottleneck, and in the coming weeks there will be a full government," he said, adding that "we wish the Kurdistan Regional Government to be completed until the cooperation on the issue of nominations relate to the Prime Minister and the parliament and political blocs."

LINK
 

****   Iraq's central bank stands out among those subject to U.S. scrutiny because of the extent of cooperation between Baghdad and New York. Earlier this month, based on information and instructions from the Fed's foreign accounts team, the Central
 ...
Bank of Iraq blacklisted a money exchange firm suspected of ties with Islamic State and al-Qaida. The Al-Kawthar money exchange firm, from the town of Qaim near the Syrian border, had its assets frozen in the action.

Fed officials rely on meetings and conference calls to advise the Iraqi central bank on how to track and freeze out local firms suspected of terrorist connections or of helping Iran bypass sanctions, an Iraq central bank official told Reuters.

"We have direct contact with the foreign assets monitoring office in the Fed," the official said. In freezing the assets of Al-Kawthar, Iraq's central bank followed Fed "verification procedures," added the official, who declined to be named.

https://www.voanews.com/a/how-federal-reverse-serves-us-foreign-intelligence/3916611.html

****   "there are general managers in this country exceeds their annual salary and salaries of 500 years of service,"

LINK

****   A revolutionary treatment that brings back the "young memory" and fights forgetfulness

LINK

****   The Federal Supreme Court, issued several provisions supporting the economic file, noting that it established the constitutional mechanisms to develop the general budget.

LINK

****   US Using Choppers to Transport Syrian Gold Stashed by Daesh – Reports

https://sputniknews.com/middleeast/201902171072500845-deal-washington-daesh-smuggle-gold/

The sources claim that the boxes contained huge amounts of gold that the terrorist group had safely stored east of al-Shadadi city — an account, which, as SANA stresses, corresponds with other reports that Daesh had transported some 40 tonnes of gold bullions stolen from Mosul in Iraq and other areas in Syria to al-Dashisha.

****   @John Japan's PM nominated Trump for Nobel Peace Prize on U.S. request: Asahi

https://www.reuters.com/article/us-northkorea-usa-trump-japan/japans-pm-nominated-trump-for-nobel-peace-prize-on-us-request-asahi-idUSKCN1Q6041

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe nominated U.S. President Donald Trump for the Nobel Peace Prize last autumn after receiving a request from the U.S. government to do so, the Asahi newspaper reported on Sunday.

****   @John The Nobel Peace Prize 2009 was awarded to Barack H. Obama "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."

https://www.nobelprize.org/prizes/peace/2009/summary/

****     At least 40 + 96 = 136 tonnes ...
CBI increases its reserves of goldThe Central Bank of Iraq announced the increase of its reserves of gold by (6.5) tons (six tons and a half tons). The gold reserve become a total balance of 96 tons, this step comes as part of the policy of managing the reserves of the bank in the diversification of investment assets.

An authorized source at the Central Bank of Iraq said that The bank has exploited in the price decreasing of the precious metal to execute the purchase of the additional quantity, which was carried out in cooperation with theFrench Central Bank.

https://cbi.iq/static/uploads/up/file-1536219832342.pdf

https://tradingeconomics.com/iraq/gold-reserves  
​GoldenStar   Friends in Iraq state nothing in Gazette Mosque and not trading Internationally....

GoldenStar   @Baxter I dont listen to any of it this coming straight from those in IRAQ and high

GoldenStar   Ups They live in IRAQ so plz be courteous and polite

Baxter   what is UPS?

GoldenStar   Yes dont let it consume you ...been waiting 10 years

Baxter   13 for me come March 17th

GoldenStar   Ttysoon over and out

Wheresmyrv?   Baxter I don't know how you have held out for so long, I got in around early 2011 and this feels like it is never going to end

Wheresmyrv?   I salute you

Baxter   well.. till about 2008 or so... I just had it in a closet... it is about time to put it back in there

JoeSchmoe   Wheresmyrv? ditto on that man. '09 June for me. Guru's took their tole didn't they.....DV first site in '10

Baxter   time flies when you are having.... fun...

Wheresmyrv?   I know its early 2019 but the way things are going over there its looking like 2020 and beyond

Baxter   most likely

JoeSchmoey   ou guys see how last night, a 1 year newbie shut Sam I Am up? lmao

Wheresmyrv?   Theyre in no rush to fill their government positions and corruption is rampant as ever over there

Baxter   No.. I didnt Joe.... but thats great news

Doug_W   Dinar Perspective Roundtable Pre-Recorded Call Pat & Bobby Replay https://www.iqdcalls.com/Dinar-Perspective.html
​JoeSchmoe   to quote a friend.....I listen to their calls for about 5/10 minutes, until I fall asleep lol

JoeSchmoe   have some coffee in me now, so maybe I'll give it a shot lol

Wheresmyrv?   lol joe

JoeSchmoe   Doug_W when is that call from
Doug_W  Friday I believe Joe

JoeSchmoe   Doug_W ya the 16th it says

Doug_W   time for cup 2 try to shake off the narcotics UGGG

JoeSchmoe   I may need some more coffee too......
JoeSchmoe   idk....maybe it's their voices...
JoeSchmoe   I do like how they bash on Frank/Delta/Malitiaman etc lol

Wheresmyrv?   JoeSchmoe That's the good part

JoeSchmoe   lol yep
JoeSchmoe   talking about the whole tariffs hype now

Wheresmyrv?   JoeSchmoe Seemed like that was way overblown, a lot of people over on Dinar Vets were screaming RV this Sunday

JoeSchmoe   Very sobering to listen to what the DP guys say.....but they sure don't seem to think this is happening any time soon :(

Wheresmyrv?   Truth be told
Wheresmyrv?   Quite honestly I think they can function as a country at that worthless rate for a long time

JoeSchmoe   and    I find it funny...well not really funny, but crazy/sad....how we see people come in here and quote obvious sh!t from those worthless gurus(Tony especially), and it takes me back 9/10 years to when i first got into this and started listening to those guys saying the same crap theyre spewing today.

Dinar Perspective Roundtable Pre-Recorded Call Audio Replay
w/ Bobby & Pat 2-16-19  39 Mins

DINAR GURUS UPDATE, 17 FEB

2-17-2019  *** Dinar Guru News Update ***  The CBI has crossed the 2% for 90 Days rule for the Iraq Exchange Market.  The CBI had accomplished this for the Baghdad Market last summer.  The CBI began reporting the Iraq Market rate on November 14, 2019 which included three decimal places.  You can follow the Official rate and Market rate in the left column of this page.  Some gurus feel these rate must be within 2% of each other before the IMF can consider the dinar for Article VIII.  Stay tuned as the gurus chime in on the significance of this milestone.  The latest guru post will continue below...
2-17-2019   Newshound/Intel Guru Mnt Goat   Article:  "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS"   ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILIT this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]

2-17-2019   Newshound/Intel Guru Mnt Goat
   Article:  "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS"   ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]

2-17-2019   Newshound Guru MilitiaMan   Article:  "Customs: We will begin the unification of customs procedures at all ports as of tomorrow"    ...They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early... I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol    …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us...lol.