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How Will Iraq Support the RV?
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Kevind53
Ssmith
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How Will Iraq Support the RV?
Tony & DC actually received a real question today.
937 caller: I want to make a statement and I have a question. Some people believe that the ambassador to the Chinese Dragon Family that they will support the global reset but not the RV because that is Iraq’s concern. There have been a lot of dinar printed, and more is outside Iraq than inside the country. Iraq doesn’t have enough to support the sheer amount of currency that exists. How does that work?
DC: Fiat currency is much like the banks, that take in one dollar and lend out ten. That is how the central banks work as well. They have the full backing of the US government and also money, gold, and other assets. Iraq have been accumulating assets at a breathtaking pace. I’ll bet Shabibi is in Turkey for this purpose now. Iraq has gold, dollars, euros, other metals at an very high rate, before you even get into oil.
Oil credits then kick in – we have a system [call got dropped] In fiat money, whatever you have in the bank gets sent out ten times. The CBI governors have done a superb job of building up those assets, and they can lend ten times that amount. Then you can look at oil, in the ground, and that can be estimated. Iraq has proven to the world over the last ten years what they still have in the ground. There are many places you can work out how they are calculating this. They are taking that oil value and adding it to the extra reserves. Then they take the outstanding balance of the dinars printed. The US printed 27 trillion worth of dinars, mainly in 25K, 10K and 1K notes.
War is waged through finances. If you devalue your enemy’s bank account, they cannot rebuild. So now they are rebuilding through oil credits to the coalition partners. They set up an economic system that everyone agrees to. The US will take roughly four trillion of that, with 2.5 to England and 1.8 trillion to Australia. Then the other partners will take out whatever they had, and that money was physically moved to those countries. Therefore, there is in circulation less than half of the original 27 trillion.
They have started pulling that money off the streets, siphoning some off, accounting for it and destroying it. Then two years ago, they started it doing even more aggressively to where they now have very little currency out there. They raised the value three times, and that took money off the streets, and they also did promotional sales, as it were. There is now very little left inside Iraq; it’s mainly in the hands of investors and central banks. The intent is also to force the whole country into a digital system with bank accounts, which they didn’t have before hand. They went straight to the most advanced system, and they are now paying people through digital money.
Even though DC is FOS, he is much smarter than Tony. Here is Tony trying to help out by explaining how digital money doesn't really count as money:
Tony: Their credit cards are going to be more advanced and secure than our credit cards are. In the US, how does our government afford to exchange all this? This is all digital. Nobody is walking out of the bank with a million dollars. It’s numbers on a screen and they know you are never going to spend all that money in one day. That’s what makes all this possible.
937 caller: I want to make a statement and I have a question. Some people believe that the ambassador to the Chinese Dragon Family that they will support the global reset but not the RV because that is Iraq’s concern. There have been a lot of dinar printed, and more is outside Iraq than inside the country. Iraq doesn’t have enough to support the sheer amount of currency that exists. How does that work?
DC: Fiat currency is much like the banks, that take in one dollar and lend out ten. That is how the central banks work as well. They have the full backing of the US government and also money, gold, and other assets. Iraq have been accumulating assets at a breathtaking pace. I’ll bet Shabibi is in Turkey for this purpose now. Iraq has gold, dollars, euros, other metals at an very high rate, before you even get into oil.
Oil credits then kick in – we have a system [call got dropped] In fiat money, whatever you have in the bank gets sent out ten times. The CBI governors have done a superb job of building up those assets, and they can lend ten times that amount. Then you can look at oil, in the ground, and that can be estimated. Iraq has proven to the world over the last ten years what they still have in the ground. There are many places you can work out how they are calculating this. They are taking that oil value and adding it to the extra reserves. Then they take the outstanding balance of the dinars printed. The US printed 27 trillion worth of dinars, mainly in 25K, 10K and 1K notes.
War is waged through finances. If you devalue your enemy’s bank account, they cannot rebuild. So now they are rebuilding through oil credits to the coalition partners. They set up an economic system that everyone agrees to. The US will take roughly four trillion of that, with 2.5 to England and 1.8 trillion to Australia. Then the other partners will take out whatever they had, and that money was physically moved to those countries. Therefore, there is in circulation less than half of the original 27 trillion.
They have started pulling that money off the streets, siphoning some off, accounting for it and destroying it. Then two years ago, they started it doing even more aggressively to where they now have very little currency out there. They raised the value three times, and that took money off the streets, and they also did promotional sales, as it were. There is now very little left inside Iraq; it’s mainly in the hands of investors and central banks. The intent is also to force the whole country into a digital system with bank accounts, which they didn’t have before hand. They went straight to the most advanced system, and they are now paying people through digital money.
Even though DC is FOS, he is much smarter than Tony. Here is Tony trying to help out by explaining how digital money doesn't really count as money:
Tony: Their credit cards are going to be more advanced and secure than our credit cards are. In the US, how does our government afford to exchange all this? This is all digital. Nobody is walking out of the bank with a million dollars. It’s numbers on a screen and they know you are never going to spend all that money in one day. That’s what makes all this possible.
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: How Will Iraq Support the RV?
Believe it or not, DC's explanation of fractional banking is in line with my very basic understanding of how banks and central banks do business. I also agree that it appears there is very little dinar in circulation inside Iraq. The rest is pure hogwash ... including the basic premise of the question itself.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Age : 24
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Re: How Will Iraq Support the RV?
Their lips are moving, they are lying.
Not stupid- VIP Member
- Posts : 350
Join date : 2014-03-01
Re: How Will Iraq Support the RV?
DC is a moron. Fractional reserve banking doesn't mean that when you deposit one dollar at a bank they can lend out 10, it means when you deposit one dollar at a bank they can lend out 90 cents. The money multiplication factor comes into play because that 90 cents they lended out can now be deposited at a bank (same bank or a different bank) and that bank can then lend out 81 cents on it (at 10% fractional reserve). So that one dollar deposit has now become:
The original 1 dollar, which the depositor can take out at any time.
The 90 cents they lended out, which is probably sitting in a bank somewhere.
The 81 cents that they lended out, which again may be sitting in a bank somewhere.
Etc.
If they lend the 90 cents to me and I put it in a coffee can and bury it in my backyard, the money multiplication has stopped for that initial dollar.
And Central Banks don't work that way at all. They're the ones printing the money, they don't need you to deposit 25,000 dinar in order to print 10 more, they just do it. They may do it in such a manner that it's controlled via issuing bonds or is related to how much they have in reserves, but the notion that they participate in fractional reserve banking in order to print more money is just bull.
A digital dollar is still a dollar. If digital dollars didn't affect inflation the US would just give everyone a trillion digital dollars and we'd all be rich and could hire foreigners to do everything so none of us have to work. It makes absolutely no difference whether the currency (theirs or ours) is digital or paper.
And the notion that less dinar in Iraq is a good thing is ridiculous. So the RV is designed to make foreigners rich and screw Iraq and Iraqis? Good luck with that one. Even if "the RV" were possible, which it isn't, the second it happened and Iraqis found out their government/CBI just intentionally screwed them while making a bunch of Americans rich, the entire country would explode and the dinar would immediately become completely worthless.
The original 1 dollar, which the depositor can take out at any time.
The 90 cents they lended out, which is probably sitting in a bank somewhere.
The 81 cents that they lended out, which again may be sitting in a bank somewhere.
Etc.
If they lend the 90 cents to me and I put it in a coffee can and bury it in my backyard, the money multiplication has stopped for that initial dollar.
And Central Banks don't work that way at all. They're the ones printing the money, they don't need you to deposit 25,000 dinar in order to print 10 more, they just do it. They may do it in such a manner that it's controlled via issuing bonds or is related to how much they have in reserves, but the notion that they participate in fractional reserve banking in order to print more money is just bull.
A digital dollar is still a dollar. If digital dollars didn't affect inflation the US would just give everyone a trillion digital dollars and we'd all be rich and could hire foreigners to do everything so none of us have to work. It makes absolutely no difference whether the currency (theirs or ours) is digital or paper.
And the notion that less dinar in Iraq is a good thing is ridiculous. So the RV is designed to make foreigners rich and screw Iraq and Iraqis? Good luck with that one. Even if "the RV" were possible, which it isn't, the second it happened and Iraqis found out their government/CBI just intentionally screwed them while making a bunch of Americans rich, the entire country would explode and the dinar would immediately become completely worthless.
FS4Enthusiast- VIP Member
- Posts : 671
Join date : 2014-02-19
Re: How Will Iraq Support the RV?
What is the "Chinese Dragon Family" ?? Sounds like something you see in a Segal movie. Or is this one of those mythical privileged families that secretly controls the entire worlds money supply?
BritishBulldog- VIP Member
- Posts : 1323
Join date : 2013-09-20
Re: How Will Iraq Support the RV?
If you believe the various evil cabal theories, it is the latter ... heavy emphasis on the word mythical.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: How Will Iraq Support the RV?
So it's bullshit basically....
BritishBulldog- VIP Member
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Re: How Will Iraq Support the RV?
Pretty much yeah ... did you expect anything different from phoney and dc?
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
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Re: How Will Iraq Support the RV?
Not all. But "Chinese Dragon Family" ?? Come on now...let's get a little bit more creative and get away from the horrible racial stereotypes.
BritishBulldog- VIP Member
- Posts : 1323
Join date : 2013-09-20
Re: How Will Iraq Support the RV?
No racial stereotype, that's what the conspiracy/evil cabal types say. They claim the benefactors who will defeat the evil cabal and save the world financially is either the Chinese 'ancients," or the Chinese government itself that will buy up all the dinar at more than market value with their worthless "fiat" USD to use as oil credits. Hey I didn't say it ... just reporting it.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Location : Umm right here!
Re: How Will Iraq Support the RV?
Even Dave full of Schmidt is backtracking in his posts saying that the Dragon family will not support the dinar RV , only humanitarian efforts through the mythical GCR
Guest- Guest
Re: How Will Iraq Support the RV?
Nice recap there FS4 ; what I find so comical is people who claim that "Iraq needs this RV" since they are dead broke and somehow the RV will propel them to riches?
If they RV at any major amout it will actually bankrupt them .
If they RV at any major amout it will actually bankrupt them .
Guest- Guest
Re: How Will Iraq Support the RV?
So with what your saying the possibility of an RV is 0? I don't think the insanity coming from any of the gurus is possible....but something has to happen.florida guy wrote:Nice recap there FS4 ; what I find so comical is people who claim that "Iraq needs this RV" since they are dead broke and somehow the RV will propel them to riches?
If they RV at any major amout it will actually bankrupt them .
BritishBulldog- VIP Member
- Posts : 1323
Join date : 2013-09-20
Re: How Will Iraq Support the RV?
I tend to agree with florida guy,and don't believe Iraq can support an RV at this time, or anytime soon either, so in my simple, poorly informed mind, there is zero chance of my few banknotes being worth much more than they are right now... but I do agree that "something has to happen"... by the Iraqis ...like taking the fight to ISIS and kicking their sorry asses, otherwise they'll be the one's printing Caliphate Currency of their own...in Baghdad
*****************
"Success is not final, failure is not fatal. It's the courage to continue that counts."
Winston Churchill
(1874-1965)
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