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my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas

[size=15]clarkfan1979[/size]


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my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]on:[/b] December 27, 2017, 08:09:47 AM »
My brother reconnected with a female friend from grade school about 9 months ago and they are going to get married in May 2018. She is a nice girl with a good heart. However, she is really excited about the Iraqi Dinar RV (re-evaluation) that is going to happen within the next 3-6 months (according to her). 

She pretty much brain washed my brother into buying into this idea. My brother has a 4 year degree in Business Entrepreneurship. He is all about the high risk and high reward type of thing. He tried and failed a few MLM businesses over the last 5-10 years. She graduated high school. They are both 36. 

However, this type of business scheme is a little bit of a stretch for my brother, but not entirely uncommon. 

My brother bought me Iraqi Dinar for my birthday last June and for Christmas. He also bought it for my wife and 1 year old son. We have about 400,000 of Iraqi Dinar, which I think is about 325 US dollars. He is giving me a hard sell to buy some for myself or I could miss out on some big profits of 100 to 1, when it re-evaluates. 
 
The best article I could find out about it is below. 

https://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/#3f398ae3150b

1) Any chance that I could politely tell my brother to stop buying me this crap?

2) Any chance that I could politely tell my brother to stop buying it for himself? 

3) How do the sellers make money? Do they just give the buyer a poor exchange rate?

4) What is the best way to convert my Iraqi Dinar back into US currency? 

Thank you.
« [i]Last Edit: December 27, 2017, 01:35:31 PM by clarkfan1979[/i] »



Rocketman


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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #1 on:[/b] December 27, 2017, 12:32:17 PM »
Good luck getting him to change his mind...

As for converting them to US dollars, ask your bank/credit union. There is usually one bank in the area that specializes in currency. In my area (Salt Lake City) it is Zion’s Bank. Call first. 

Good Luck




Miss Piggy


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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #2 on:[/b] December 27, 2017, 01:11:14 PM »
Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?

That not being the case, here's my thinking, for what it's worth (which should be very little, since, as admitted above, I have zero familiarity with the topic): If there's even a small chance of the "100 to 1" valuation, why not hold onto the stuff for now, just for fun? 

As for your questions:

1) Good luck with that. Forbes is well-known and as far as I know has a good reputation; could you send him that article?

2) See (1) above.

3 & 4) No effing clue. 



marty998


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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #3 on:[/b] December 27, 2017, 01:22:33 PM »
So when the Iraqis lop off a couple of zeroes off the currency, you'll basically be left with monopoly money.

The old banknotes obviously cease to be legal tender, with new ones issued in replacement.

People are still falling for Zimbabwe money scams. Looks like the scammers are expanding their repertoire...



clarkfan1979


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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #4 on:[/b] December 27, 2017, 01:37:20 PM »
Quote from: Miss Piggy on December 27, 2017, 01:11:14 PM

Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?

That not being the case, here's my thinking, for what it's worth (which should be very little, since, as admitted above, I have zero familiarity with the topic): If there's even a small chance of the "100 to 1" valuation, why not hold onto the stuff for now, just for fun? 

As for your questions:

1) Good luck with that. Forbes is well-known and as far as I know has a good reputation; could you send him that article?

2) See (1) above.

3 & 4) No effing clue. 




I modified the topic. Thank you for the suggestion.



Sibley


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #5 on:[/b] December 27, 2017, 01:59:24 PM »
On a side note, don't lend them money, and don't let them know how much you have. Just in case.



Bicycle_B


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #6 on:[/b] December 27, 2017, 02:07:08 PM »
Oh, the glorious Christmas gift of ENTERTAINMENT!   ClarkFan1979, so sorry you had to be the conduit for this pile of chuckles.  At least he is giving to you, not (so far) trying to get you to buy his wares, as so often happens in MLMs.  In my own mind, I will classify him as Kindhearted Bro until further notice.

Re your questions:
1. Of course you can tell him, but why rain on his parade?  He is not going to learn from you, only from experience, if at all.  He will, however, feel the love or disdain in your response.  Tell him you admire his bold spirit, and ask him if he's going to take you to Acapulco or Dubai when his dinars revalue.

2. See 1.  

3. I was wondering that myself.  I can only assume they sell above the exchange rate, or sell counterfeits, or sell the old notes that have been replaced by new ones when the Iraqi government lopped three zeroes off a few years ago (I read that Forbes article).  Best guess: selling the valueless old notes at the price of the new notes.  Great margins, plus they can appear to be giving zero markup.

4. Exchange it for Bitcoin!  Bwahaha, my whole response was just to make this one brief joke.  

Quiet times here, hope this offered a shred of amusement.  In all seriousness, I once had a friend whose financial schemes ranged from wild failure to just being broke on a regular basis.  The choice was to enjoy to his merry ways at the price of observing his failures, or block him off and wonder what was happening.  I chose to enjoy his merry ways.  Even more so, a relative is someone you don't want to block off unless staying connected is actively harmful.  Good luck getting rid of the bills or coins.  And having lost a relative or two in recent year, treasure your brother for who he is, even if it's not (fortunately!!) who you are.   Cheers.



nexus


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Re: my brother bought me Iraqi Dinar for my Birthday and Christmas
« [b]Reply #7 on:[/b] December 27, 2017, 02:47:28 PM »
Quote from: Miss Piggy on December 27, 2017, 01:11:14 PM

Did anybody else click this thread thinking the Iraqi Dinar might be some kind of cool foreign kitchen gadget or something else to get excited about?



Yes, huge disappointment. :p

+1 to exchange for Bitcoin.
+1 for being supportive to Kindhearted Bro, who sincerely thinks this will lead to mega riches and wants to share that prospect with you.

Answers to 1 & 2)
Explain that although you support him, you're a much more conservative investor and would prefer index funds instead... or traditional gifts such as clothes, gift cards, gadgets (even if you don't like them/need them it would still be preferable to his MLM stuff).




Car Jack


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #8 on:[/b] December 27, 2017, 04:16:39 PM »
How does everyone NOT know this scam.  This is older than the Nigerian prince scam.  Go convert all that junk into real money.  Tell your brother that's what you did and if he gives you any more, you'll do it again.  Your brother should sell Amway.  Way better chance of making money than with this scam.



driftwood


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #9 on:[/b] December 28, 2017, 02:48:45 AM »
I had some left over from Iraq deployments and eventually sold it all on Ebay. 

Ask your brother this... how can he explain the 100 to 1 value increase?  So you're saying an Iraqi could take his dinar and suddenly be 100x richer if he changes it to dollars (after the valuation)?  We're about to be flooded with Iraqi millionaires then. 

Secondly, if it was a real 'investment', then real rich folks would be buying every single dinar they could get their hands on.



MrThatsDifferent


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #10 on:[/b] December 28, 2017, 06:30:38 AM »
If your brother is anything like mine, tell him this is the best idea he’s ever had and you wished you thought of it. Tell him you support him 100% and you’d invest everything you have except you can’t but that he should right away. Cause if your brother is anything like mine, he’ll do the opposite of whatever you tell him and reject all of your advice.



2Birds1Stone


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #11 on:[/b] December 28, 2017, 07:19:07 AM »
This scam has been going on for almost a decade. 

I have met quite a few people over the years who have tried to get me to "buy in". 

Good luck.



Retire-Canada


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #12 on:[/b] December 28, 2017, 08:32:11 AM »
Say thank you for the gift. Turn it into USD and invest it. Leave the issue alone. You are not going to solve your brother's problem.



EngineeringFI


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #13 on:[/b] December 28, 2017, 01:29:25 PM »
It's ironic that this is getting posted today. I was listening to NPR this morning and they had a segment on the Iraqi government's estimate on the cost to rebuild the destruction caused by ISIS. Unfortunately, no one is willing to help them finance the reconstruction effort and I imagine the Iraqi dinar will take a bigger hit when the government starts printing more money to rebuild. 

Zimbabwe Dollars though...those have value. I keep a few of those notes around around my MegaCorp office just in case we have a bad quarter in terms of revenue. For some reason my bosses don't seem to derive much comfort from the fact that if we're behind I can give them 10 BILLION DOLLARS!!!1!



Drole


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #14 on:[/b] December 28, 2017, 01:47:20 PM »
Oh this brings back memories of a nutter I knew a few years ago. I think the north Korean currency is the other one these folks also say is set to explode.  

I suppose it could be entertaining reading.



Michael in ABQ


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #15 on:[/b] December 28, 2017, 02:28:57 PM »
I bought some when I was deployed in 2004-2005. About $200 worth (250,000 dinar). Last time I checked it's gone up in value to about $210. I suppose that's better than if I had left it in a savings account but had it been in an index fund it would have doubled or tripled since then. I can't recall what the rate of return has been but it's something like 1-2% over 12-13 years.

It was neat to pull it out and show my kids as I had a mix of various bills. That's about it though. It's just a souvenir at this point. Maybe I should sell some of it to your brother?



JoJo


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #16 on:[/b] December 28, 2017, 06:48:28 PM »
Sell it to your brother Smile




clarkfan1979


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #17 on:[/b] December 31, 2017, 08:53:21 AM »
Thank you for the help. I will continue to support my brother with his business adventures, but not contribute any of my own money. 
 
I'm going to try to exchange it within the next 2-3 days. Not all currency exchange businesses will exchange the Dinar. I'm guessing there is a higher risk of counterfeit. Hopefully my Dinar is not counterfeit.  I will find out soon. 



clarkfan1979


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #18 on:[/b] January 06, 2018, 08:52:45 PM »
I exchanged the Iraqi Dinar currency today for US dollars. An internet search today claims that $400,000 Iraqi Dinar is worth $337 US dollars. I went to the currency exchange in Denver at the Cherry Creek mall. They gave me $230 US dollars, minus a $5 fee for a total of $225. I have heard that a currency exchange will change 20%. However, this was a 33% fee. 

Maybe the fee is higher because of a higher level chance of fraud? When I looked at their board of exchange rates it looks like they charged only 15% for more legitimate currencies.



alsoknownasDean


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #19 on:[/b] January 06, 2018, 10:52:03 PM »
Quote from: clarkfan1979 on January 06, 2018, 08:52:45 PM

I exchanged the Iraqi Dinar currency today for US dollars. An internet search today claims that $400,000 Iraqi Dinar is worth $337 US dollars. I went to the currency exchange in Denver at the Cherry Creek mall. They gave me $230 US dollars, minus a $5 fee for a total of $225. I have heard that a currency exchange will change 20%. However, this was a 33% fee. 

Maybe the fee is higher because of a higher level chance of fraud? When I looked at their board of exchange rates it looks like they charged only 15% for more legitimate currencies.



They'll just be profiting on the currency spread. They might sell that 400,000 dinar to someone for $400 later on. The more common currencies that'll be easier for them to on-sell (and potentially less volatile) will probably have more competitive rates. Smile

I've got some Sri Lankan rupees I've been meaning to sell from when I was there last year. They're valued at 120LKR to the Australian dollar at present (based on xe.com rates), but the currency conversion place will buy them at 140LKR to the AUD. I paid about 105-110 when I bought them Smile




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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #20 on:[/b] January 07, 2018, 05:43:33 PM »
Wowza, the spread on Polish Zlote (PLN) is about .02-.03PLN per dollar, or about one cent. 

33% sounds insane, so does 15%. 




HipGnosis


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Re: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
« [b]Reply #21 on:[/b] January 07, 2018, 08:39:04 PM »
The thread reminded me that I have a butter tub of Saudi Riyals from Desert Storm.
I'll have to count it and see what it's worth.




https://forum.mrmoneymustache.com/ask-a-mustachian/my-brother-bought-me-iraqi-dinar-for-my-birthday-and-christmas/
by RamblerNash
on Sat Mar 30, 2019 7:23 pm
 
Search in: IS THE IRAQI DINAR RV A SCAM
Topic: my brother bought me Iraqi Currency (Dinar) for my Birthday and Christmas
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For a private home phone, use a company name when setting up a new phone account, rather than your own, and make sure and get caller ID, complete blocking. To add a further level of phone privacy, purchase a prepaid cell phone – such as those offered by Trac Fone through Blockbuster, WalMart, and Staples.

No name, address, credit check, etc. is required to set up an account, and you can buy phone cards for cash to add more time. As of 11/11 Wal-Mart sells i-phones for less than $100 and Unlimited internet, text and talk for $55 per month. This is a fabulous rate!!!

#7 A.) (TWO PARTS) . Keep your medical records more private. Information in your medical files can be used to deny you insurance, jobs, and legal benefits. It could be even used by a government just slightly more authoritarian than the one we now have, to take away your children or commit one elsewhere.

Unfortunately, each time you see a doctor or check into a hospital or clinic, they will usually demand your Social Security Number, which in turn will be used to file and locate your medical records.

You can protect yourself from unwanted snooping by getting an alternative Medical photo ID from ID Network (IDN). No SSN is required, and medical records are kept in your own handwriting. $9.95. Call 1-888-329-3686 or 314-416-7411, http://www.idnetwork.com.

#7 PART B: In the civilized society, we each have a crucial zone of privacy shielding us from outside snooping and control. Privacy is about keeping more of what you earn – protecting the sensitive information in your computer - avoiding being hassled by the IRS or police – protecting your children – and minimizing your chances of a 2 am visit by a machine-gun-toting SWAT team.

The battle for your privacy is the battle for your freedom. Ultimately it is a battle we will win. AMEN.

**********

#8. EXCHANGE TIME : these are suggestions to consider; you decide what IS BEST UNDER YOUR SITUATION. THERE ARE MANY OPTIONS HERE FOR PRECAUTIONARY MEASURES. The wolves inside and outside the bank can be few to many in different clothing. Your Life and Your Life Savings may be at RISK.

# 9. Do not park in the bank lot. Why show your car tags to others that will jot them down and trace u? A camera can take a photo of you and your tags for blocks away. Take a taxi or rental car to the banks.

# 10.. Go with someone to the bank; spouse, best friend who is a fellow Dinarian. Caps and glasses are nice. Make no new friends at the bank or locally who might discover your fortunes.

#11.. Make an appointment , if required, to make the 'exchange'.

#12. Know your rate before you go. Have a predetermined game plan. Shop your rates. Seek investment angles, advice also from maybe Smith Barney, Scottrade Inc, etc, various options.

# 13. Watch your body language, look and play the part of Investor. MANY maybe WATCHING. Use dressy attire but no jeans or T's.

#14.There is NO rush to cash in; supposedly many weeks and option days to have the possible 15% tax advantage with no audits (this is still a rumor; will be confirmed sooner or later next week). Seek competent tax and legal advice.
 
#15. If your deposit is in an acct "non interest bearing savings acct" this should be Dodd-Frank. check with your banker. NIB accts are usually unlimited in coverage.

#16. SMITH BARNEY or MORGAN STANLEY INC. OR SCOTTRADE INC ET and others can re-insure your accounts somewhere in the $600,000 TO ONE BILLION $$ range per account.

Seek legal advice and the broker / company policies. DO NOT LEAVE SIGNIFICANT LARGE SUMS IN INSTITUtIONS UNLESS ITS RE-INSURED; IE: LLOYDS IN


#17. AFTER MAKING YOUR INITIAL DEPOSIT; TRANSFER IT TO ANOTHER INTEREST FREE CHECKING ACCT WITHIN THE WEEK; SOONER RATHER THAN LATER. THIS PREVENTS WIRE TRANSFER AGENTS AND PAST BANK KNOWING YOUR NEW ACCT #!! (AGAIN, PLEASE FILTER ALL THIS DATA. YOU DECIDE WHICH WORKS FOR U, BUT TIME IS OF THE ESSENCE AND WAITING IS NOT HEALTHY FOR THESE ISSUES AND ACTIONS HEREIN "MAY SAVE YOUR LIFE".

# 18. ONLY USE YOUR PASSPORTS FOR IDS: IT DOES NOT HAVE YOUR HOME ADDRESS, SOCIAL SECURITY # TIED IN. Avoid using your Drivers License for anything but the cops and court when or if mandated!

#19. Use UPS postal drop for home address or your attorney's office work address until you get things squared away about physical addresses. Never use one's home address for anything, especially: mail, fed ex, UPS, !!! Have your bank statements go to a Po Box! Never let one's attorney know how much money you have.

#20. IMHO, "Irrevocable Business Trust" or a "Irrevocable Spendthrift Trust" saves your wealth, health and happiness from the tax man. . It's Worth every penny and more. Trusts are much more apt to protect large estates. Revocable Trust hold little or no water with the IRS & States.

#21: IMHO: Legalshield.com or in some states, PREPAID LEGAL INC.: for family, business, Wills, IRS audits, Citations, legal situations. 100's of legal help issues that may give legal piece of Mind and ease the pocketbook too. Attorneys are assigned within your State to handle your cases. Some situations are outsourced to qualified attorneys within your state and they contact you. Fees average $17-49 monthly.

#22: BEWARE/ ALERT: RFID )))) RADIO FREQUENCY ID. RADIO CHIPS MAYBE INSIDE YOUR CREDIT CARD. IT IS ELECTRONIC ‘PICK-POCKETING’ OF ANOTHER’S CREDIT CARD # AND EXPIRATION DATE. LOOK FOR SYMBOL)))) OR POSSIBLE OTHER SYMBOLS. ONE’S CARD # AND EXPIRATION DATE INFO CAN BE COPIED ONTO SOMEONE’S ‘HOTEL ROOM KEY’.

THEFT DEVICE CAN BE BOUGHT FOR $100. KEEP ALL CREDIT CARDS INSIDE ALUMINUM /METAL SLEEVE OR CASE.

HACKERS CAN GET YOUR CARD #S VERY EASILY. SEE THIS VIDEO AND BEWARE. ‘RFID’ CHIPS ARE IN 33% OF CREDIT CARDS MADE TODAY. TAKE CAUTION NOW. THESE CHIPS CAN ALSO BE IN YOUR SOON TO BE BANK “BLACK DEBIT CARDS”. THIS COULD GET COSTLY AND DANGEROUS AT THE SAME TIME. IT’S BEST NOT TO HAVE ‘RFID’ CREDIT CARDS.

CHECK WITH YOUR BANK ON ‘CASH-IN’ / ‘CURRENCY EXCHANGE’ TO MAKE SURE YOU ARE NOT ISSUED ANY TYPE OF “ RADIO FREQUENCY RFID )))) “ CREDIT CARDS ON ANY OF YOUR CURRENT (AND FUTURE) ACCOUNTS.

https://www.youtube.com/watch?v=lLAFhTjsQHw&sns=em

#23 (#23-36 WERE ADDED 7/16/12): Reduce Your Risk of Identity Theft: Traveling (for business or pleasure) can increase your exposure to financial risk. Here are some simple tips to protect yourself and reduce the risk of identity theft as you head out on your summer vacation.

#24: Clean out your wallet: Take only your essential documents, like your driver’s license and just 2 credit cards – one to carry and one to leave in the safe at the hotel in case your wallet is lost or stolen. Don’t carry your social security card in your wallet – ever. Leave your extra credit cards or identifications documents at home. Men – keep your wallet in a buttoned pocket, women – wear a purse with wide straps and locking clasps, and don’t hang it on the door when you use a public restroom.

#25: Leave your checkbook at home:  You shouldn’t need it if you have credit cards. Leave your bills and private papers at home, too.

#26: Make a copy of your travel documents: Copy your passport, driver’s license, airline confirmations, etc. Leave it with a trusted friend in case you need help, or keep a copy safely tucked inside a suitcase pocket in case the original gets lost or stolen. Make a list of what you have in your wallet, along with the phone numbers on the back of your cards.

#27: Stop your mail or have a neighbor pick it up: A full mailbox with bank statements and credit card bills is a sure sign for hackers and thieves that you are not at home. Also, stop the newspaper, and don’t broadcast your travel plans on social networking sites.

#28: Alert your credit and debit card issuers: Let them know where you are traveling, how you may be reached, and when you will return. This helps the fraud department stop charges that may not be yours, and reduces the risk that your cards will be “frozen” due to unusual activity when you are away from home and can’t be reached

#29: Keep an eye on your cell phone: Many people are storing user ID’s and passwords and other personal information on their cell phones. Secure your phone with a security code so that it can’t be accessed if it is lost or stolen.

#30: Consider a temporary credit freeze: A freeze will deny access to your credit history, so ID thieves can’t open accounts while you are away. Setting up a freeze through the three credit reporting bureaus – Transunion, Experian and Equifax – takes time and money, so this is the most beneficial if you are planning a period of prolonged travel.

#31: Look for safer ATMs: If you need cash withdrawals, ATMs in bank lobbies are less vulnerable to devices used to capture your information, and are usually better lit and safer in general. They are also more likely to have surveillance cameras.

#32: Be careful with computers in hotels and other public places: Don’t access your financial data on hotel or other public computers or public Wi-Fi networks. Public computers may have spy-ware or malware installed which could record everything you type. Be sure to log out of any sites that you may access before leaving the PC.

#33: Beware of front desk calls: If you receive a call from a “clerk” saying that they need to re-enter your credit card number, hang up and call the front desk yourself. You don’t now who is at the other end of that call.

#34: A few simple steps will go a long way in protecting you and your information and prevent your vacation or business trip from turning into a headache. If you have any concerns about your personal information, notice any suspicious account activity, or experience a customer information security-related event, contact your bank branch immediately so that they can assist you.

#35: ONLY PUT ONE'S PO BOX ADDRESS ON THEIR CHECKS. NEVER PLACE BIRTHDATE OR SOCIAL SECURITY NUMBERS OR EVEN PHONE NUMBER ON YOUR CHECKS. MAKE IT DIFFICULT FOR THE WOLVES/THIEVES IF THEY TAKE ONE'S CHECKBOOK.

#36: ACT IMMEDIATELY AND ACCORDINGLY TO PROTECT ONESELF, FAMILY, BUSINESS. ONE OR TWO MINUTES COULD SAVE : TIME, MONEY, GRIEF, UNTOLD PAPERWORK & CHAOS!

#37: Any major ideas or investments, always bounce it off someone you trust like your CPA, Attorney or Investment advisors. Many are ashamed to admit they've been taken advantage of or conned. Do not be over-trusting, nieve or gullible.. When or if someone tries to interest you in a venture involving money /investments, say, "I'll discuss this with my real estate agent, CPA or lawyer and get back to you." Then talk with someone you trust.

#38: further info on personal identity: Scam-proof your communications by taking control of your personal information. Put your phone numbers (home and cell) on the Do Not Call Registry. Opt out from the sale or sharing of your personal information by contacting the three credit bureaus, your state department of motor vehicles, the Direct Marketing Association and companies with which you do business. Thieves cull your information and use it to open bogus accounts that can ruin your credit scores, credit and make your life absolutely miserable.

For more information on how to remove yourself from these databases, see the Federal Trade Commission's Web page on sharing your personal information.

#39: Don’t Trust Your Caller ID: Never do business over the phone, unless you initiate the call. Here's why: No matter what your caller ID might say, you don't really know who's on the other end of the line. If you place the call yourself, divulging personal information isn't as risky. If you receive a call from someone who claims to be with your bank, insurance company or some other place where you do business -- unless you recognize the caller -- say you'll call back. That will give you time to make sure the number is legitimate. Simply call the company's published number and ask to speak to the individual who called you, or to someone in the appropriate department.

#40: Ways to make using a debit card safer include the following: Run your purchases as credit so you don't have to input your PIN. & Always double-check your card when a clerk, cashier or waiter hands it back to you and make certain it's the same card you handed over.

Be suspicious of people who want to stand too close to you when you're using your debit card, particularly when they are using a cellphone. They could be recording your debit card information with their camera

#41: Regard All Links With Suspicion: Social networking can be a great way to keep up with friends and family, but scammers have found the Internet a gold mine of opportunity. Most of us know not to click on links in emails from people we don't know or to acknowledge those silly get-rich-quick schemes from strangers, but you should never underestimate a con artist's creativity.

For instance, a recent scam on Facebook involves a fake game based on the "Twilight" series. Fans are prompted to click on the link, exposing their personal information to scammers.

Best rule of thumb: Be on your guard and never click on links of unknown origin. Check on them by running a search with the relevant keyword (in this case, "Twilight") and "complaint" or "scam."

42# Safeguard Online Activities: Don't join the thousands who fall victim to online identity theft schemes each year. Some are as simple as planting a keystroke logger on your computer to copy your private information, while others involve complicated email exchanges.

Here are some of the best strategies for avoiding online fraud:

Don't ever respond to emails asking for your account information since they are almost always fakes.

Never click on links embedded in emails (even a friend or relative can accidentally pass along a virus). If you must see that funny video, type the URL directly into your browser.

#43: When you decide to purchase from an online merchant, always make certain that you're dealing with a reputable site. Check for complaints and never click on a link; instead, as with email links, type the company's correct URL into your browser.

Make it a habit to double-check that order forms are secure before completing them. Instead of the standard "http," the URL will begin with "https," which indicates a secure transmission.

#44: DOUBLE REMINDER : Don't forget to maintain up-to-date, functioning security software and a firewall WITH latest up to date Online Protection.

#45: Guard your medical insurance information and ALL PERSONAL INFORMATION OF ANY NATURE with the same zeal as you do your financial data. the National Health Care Anti-Fraud Association says the fallout from medical fraud can damage your credit rating, open you to litigation and even result in your receiving improper medical care. "Always examine your explanation of benefits for treatments that you didn't have," he says.

THE LESS INFO there is out there about you, the harder you are to target. Make the con artists' jobs difficult by avoiding their scam tactics. They don't deserve to score off your hard work.

* #s 37-45 contributed in part by : Former policewoman Carole Moore,author of "The Last Place You'd Look: True Stories of Missing Persons and the People Who Search for Them."

Read more: 8 ways to avoid getting conned

http://www.bankrate.com/finance/personal-finance/8-ways-to-avoid-becoming-a-successful-mark-1.aspx#ixzz217YsBOtg

ALL CONTRIBUTORS, INFO, IDEAS ARE SINCERELY APPRECIATED TO HELP DINARIANS AROUND THE PLANET. I LOVE YOU ALL. BLESSINGS. LAST UPDATE 11/11/12.
by Ssmith
on Mon Mar 11, 2019 8:58 am
 
Search in: CHATTER from DINARIANS
Topic: ..Security Checklist Tips Posted by SoftKitty at TNT 3/10/19
Replies: 0
Views: 896

"Lowest in the Market" - Thurs. PM KTFA Thoughts, News w/ DELTA 4/19/18

KTFA

Samson » April 19th, 2018


The dinar is down against the dollar in the local stock exchange100 LINK

DELTA » April 19th, 2018

"1195 & 1197 ......VERY NICE THE LOWEST IN T HE MARKET SO FAR........HUGE...CBI SELL IT TO BANK AT 1190....THANK YOU SAMSON

MilitiaMan » April 19th, 2018

The above is the part of Unification of their Currency that was spoken about in the W CC..

imo "This meeting was very unique." ~Frank26

"They were talking about the unification of their currencies." ~Frank26

That is in reference imo to the AMF and IMF meetings recently, imo. The above post is showing the parallel market behavior, just as talked about in the below Final Article #20. ~ MM

Final ARTICLE # 20

New BD version .. enhance cash to our system

15/12/2016

Dr.. Mohammed Riad Hamza

The reality of the dinar 's trading current segments of confusing and obstructive economic, commercial and service all of the activities, for the Iraqi market , the level of the reality of the dinar in the evaluation of commercial exchanges, inter and single, is far from accurate price, as well as in the evaluation of real estate , buying and selling and lease, and facilities banking, trading and any resident currency, any deal large amounts of both ends need to fill categories of dinar bags for exchange between the seller and the buyer.

And you can see scenes of people carrying bags of dinar entrants to the banks or exchange houses or coming out of it.

It is certain that the reality of the Iraqi dinar and the low value segments purchasing a catalyst for the crimes of counterfeiting, states that equal their exchange rate with the Iraqi currency plagued by rigging the currency and counterfeit currency have devastating effects on the economy , among the components of the total of any state.

To dinars Iraqi Rolling currently Bocefarh and the small value of the cashed important role in the rise in goods and services and rising inflation rates, since the transactions in the wholesale exclude small - value segments of the dinar, in addition a few thousand dinars to deal consumer goods or long - lived, and circulation of marketing to another port and into the hands of the consumer, the price of the commodity Tuwalia ballooning number of marketing outlets.

The reason is the low purchasing power of the dinar small groups that are excluded when evaluating the price of any commodity.

On 27 August 2015 published (unit of economic studies links for research and strategic studies center) in its website an important article included reference to «that the Iraqi government may resort to the liberalization of the dinar any (floated) something that will not solve the financial problem in the country, but will have disastrous effects on the Iraqi people first and foremost.

On the other hand, the flotation is the port for speculators in the market to carry out money laundering and manipulation of the currency auction within the central bank.

Currency float means leaving the exchange rate of a currency float rises and falls reverse proportion to the cases of demand and supply in the market.

And taking into account the level of emancipation of the national economy, and the quality of his performance, and flexibility of its production apparatus.

It is the risk of this operation is that it opens the door to money laundering and corrupt diversion of funds from the Iraqi dinar to the free exchange for smuggling operations abroad.
The survival of the purchasing power of the Iraqi dinar is weak seesaw at home and are not supported in the outside with rampant financial corruption contributes to convert the dinar into other currencies smuggled out what causes inflation rise, as to keep large amounts of the dinar in the Iraqi market means inflation liquidity, which makes it easier out more of foreign currency from the country.

The solution is not to delete zeros or dinar floated, but substituting new Iraqi dinars and linking its exchange rate to the US dollar
.
The issuance of any new Iraqi dinars equivalent to the dollar in the exchange rate.

It consists of one hundred per dinar fils and groups: one dinar, five dinars and ten dinars, and twenty dinars, and fifty dinars, and one hundred dinars.

Minting coins from fils and five fils, ten fils fils twenty, and fifty fils, and one hundred fils.

And ensuring the stability of the monetary system and eliminate the flaw in the current system , which allowed rampant corruption.

As has been the abolition of the currency of the former regime after 2003 and replacing rolling dinar now, it can be done through the abolition of the current period of time and bring new dinar.

It is important that the Iraqi Central Bank assisted by experts from the «Federal Reserve« The US central bank in the Iraqi monetary system , the development of the currency enjoys the trust of high exchange locally and internationally.

Central banks play a major role in financial instruments control in all countries of the world, the most important tool in the hands of the Central Bank is the monetary policy, it is through an increase in liquidity can stimulate the economy out of the state of economic crisis, or to help the economy grow by encouraging exports, reducing inflation.

The currency of the Iraqi dinar in US dollars fasten it means installing currency dinar price of a fixed exchange rate and a lot of countries in the world this practice is based, there are 17 countries in the world have linked its currency to the US dollar, including six Arab countries , namely Saudi Arabia, Jordan, Oman, the UAE, Bahrain and Qatar.

And connecting the Iraqi dinar to the dollar has several advantages the most important of the ease of exchange rate policy management between the currency of the country and the rest of the world currencies all, where monetary authorities determine the rate specified for the disbursement of the peg through which is determined by the relationship of the dinar to the rest of the currency, it goes up for these currencies with the rising dollar and fall with the decline.

On the other hand, the dollar peg helps relatively to protect the national economy from inflation as well as help link in the case of oil -producing countries to stabilize their revenues in local currency when the devaluation of the dollar,Vpferd the stability of oil prices, the decline in the global value of the dollar does not lead to a decline in oil revenues of Iraq Dinars.

It will be issuing new Iraqi dinars a way to expose corruption as it requires the replacement of currency in circulation is the new currency.

At that expose those who shelve billions of current Iraqi dinar and act within the framework of the weak monetary system and politicized the farthest thing from transparency.

It can also be placed CBI commercial banks before the deal could expose any abuses of money laundering and the smuggling of hard currency abroad.

The main reason behind the dollar peg is to maintain stability and increase the confidence to deal with, and maintain a fixed exchange rate of the dinar will eliminate the so - called parallel market vowels (black market).

This reinforces the confidence of investors monetary system and its stability and preserve the purchasing power of consumers with incomes limited.

------------------------------

MilitiaMan » April 19th, 2018

Now look at the similarities below to what WS brought in as the now Final Article #81. The aforementioned FA #20 shows the same sort of educational process that was successful and is some what of a mirror image of what is happening at present with the IQD.. Delta and Samson show that the parallel market is at that stage now to be at the stage for it to cease to exist. New currency is to be issued..

FA #80 "And promoting the circulation of small denomination banknotes." ~ CBI .....

This is the place we are now, read new currency with no parallel market anymore of substance.. imo. Waiting now for the moment of truth. Was that 24 hour notice given? ~ MM
"FA #81

New Money

FINANCE & DEVELOPMENT, December 2013, Vol. 50, No. 4

Introducing a new currency is a complex process—one that Turkmenistan completed successfully

A popular destination for visitors to the IMF’s Washington, D.C., headquarters has long been a 40-foot-long display of each member country’s currency.

Most countries have their own currency, which is an important part of their national identity, though some belong to a monetary union and share a common currency with the union’s members; others use that of another, often larger, country.

On occasion, a country must introduce a new currency. Turkmenistan, the former Soviet republic in central Asia, decided in 2008 to undertake a currency reform.

A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient. This, in turn, created complexities in accounting and statistical reporting. So the government decided to introduce a new currency before launching market-oriented reforms. Currency reform was regarded as the foundation for further strengthening the macroeconomic framework, particularly monetary transmission: the more the population relies on the local currency rather than U.S. dollars, the more control the government has over macroeconomic policy.

The total and orderly overhaul of Turkmenistan’s currency system in 2008–09 in many respects serves as a model for other countries.

Big decisions

The introduction of a new currency is not undertaken lightly. The motivation could be hyperinflation, exchange rate collapse, massive counterfeiting of the existing currency, or even war. Or it could be an intentional change—for example joining a monetary union, such as the European Monetary Union.

Changing a national currency is a highly political decision. Sometimes the existing currency does not meet the economy’s needs.

The typical economy in need of currency reform is cash based and highly dollarized, with multiple currencies circulating at the same time.

The single most important price in any economy is the price of its currency vis-à-vis other currencies. Countries that assign non-market-based exchange rates for different goods or services—or for imports versus exports—tend to have significant distortions in their economy. Over time, this usually leads to slower growth overall. Eventually, the general public, the business community, and politicians may start pressing for currency reform and the introduction of a new currency.

Currency reforms are typically complex and risky: global experience confirms that a successful outcome is never guaranteed. The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community.

Introduction of a new currency comprises four phases. First, the necessary preconditions—sound macroeconomic policies and strong financial sector legislation—should ideally be in place or under way. Next, careful preparation is required, setting up the policies and processes behind the reform and drafting a detailed budget for the entire currency reform (including the cost of printing and minting the new cash currency). Then comes production of the new currency, and finally the most challenging phase: implementation.

Setting the stage

A government facing currency reform often has limited ability to pursue macroeconomic policy. If the country is suffering from hyperinflation, its macroeconomic policies to date by definition were unsound. In some cases, a currency reform must be implemented despite a difficult macroeconomic situation. Currency reform alone is unlikely to resolve such problems and will yield its benefits only if underpinned by fiscal and monetary action. But psychologically, introducing a new currency can itself facilitate the stabilization of an economy. It is sometimes combined with exchange rate unification—to eliminate the complications of both an official exchange rate and unofficial market rate.

Turkmenistan was able to achieve favorable macroeconomic conditions before it implemented exchange rate unification and currency redenomination. During 2006–07, the economy was growing more than 11 percent a year, inflation was in single digits, and fiscal and external balances were strong.

A currency reform must be supported by financial sector legislation. Existing legislation—including the law establishing the central bank and regulation of banks and other financial institutions—should be reviewed to ensure consistency with international best practices. A law and regulations on the specific currency reform are also necessary, and other legislation—for example, governing accounting and financial reporting—may require updating. This work can be supported by technical advice from the IMF and other countries’ central banks. Such technical assistance includes initial general guidance as well as detailed recommendations based on currency reforms in other countries.

In a crisis situation, the government has little, if any, control over the circulation of different currencies. For that reason, the economy tends to be highly dollarized—that is, many transactions are made with a foreign currency, often the U.S. dollar.

Moving forward, the government should favor a currency regime that supports open trade and free markets—one that allows international competition and is not overly protectionist.

The central bank is the arm of the state responsible for introducing a new currency, but it is not necessarily in a position to do so.

It may lack staff with relevant experience, or sufficient branches throughout the country from which to operate, or even the funds necessary to finance a reform. Strengthening the institutional capacity of the central bank and ensuring it has the resources needed are critical preconditions for currency reform.

Private banks also play a key role in currency reform. But the banking sector may be weak or, in some cases, virtually nonexistent. In some parts of the world, informal funds transfer systems such as hawala and hundi are more vibrant or have nationwide networks that surpass those of banks. In such cases, collaboration between the central bank and these payment system operators is critical to the success of the reform.

The central bank must assess the extent to which counterfeit banknotes circulate. Together with the ministry of finance and the commercial banks, it should formulate a strategy to avoid an increase in counterfeit currency during the critical implementation stages of the currency reform.

The central bank should prepare a budget for the entire currency reform early on and revise it as necessary over time. The IMF can offer technical advice on preparing such a budget.

Introducing a new national currency is a highly complex project, which requires a well-functioning accounting system. Throughout the various stages, tested systems must be in place for independent auditors to safeguard the integrity of the currency reform, by ensuring correct reporting and accounting of the currency exchange. Failure in this area is not only costly but also potentially devastating to the currency reform’s reputation.

Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency.

The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.

A second important point for the public education campaign is timely information on the stages of the currency reform to discourage a run on banks with temporary liquidity problems.

In Turkmenistan, the central bank conducted a proactive public communications strategy that began early in the currency reform.

The terms of the redenomination were carefully defined and announced in advance. An awareness campaign was carried out throughout the country. Booklets, illustrating the new banknotes to be distributed, were published in national and local newspapers along with explanatory articles. In addition, pocket-size cards comparing the denomination of old and new manat were distributed to the public. And the Central Bank of Turkmenistan set up a phone hotline to answer questions from businesses and the public.

Lights, camera, action

A new currency’s name is a psychologically important decision for the government. One option is to emphasize continuity with the old currency by retaining the old name or adding “new” to it. Alternatively, the government may choose to underscore a break with the past by giving a completely new name to the currency to mark the start of a new monetary era.

In Turkmenistan, the government decided to keep the name “manat” for the redenominated currency. However, in line with an international convention among countries and central banks, the International Standards Organization changed the three-digit ISO 4217 code from TMM for the pre-2007 manat to TMT for the new Turkmen manat.

The banknote printer and the minter of coins should be selected competitively and in the international market. Even if domestic producers are available, they should be required to compete for the contract. It is not uncommon, by the way, for various banknote denominations to be produced by different international firms.

Turkmenistan’s banknotes were printed by the British firm De La Rue, and the coins were minted by another U.K. company, the Royal Mint. De La Rue is now testing production of the banknotes from paper produced with local raw materials—Turkmen cotton, renowned since ancient times for its high quality.

Decisions on the artistic design of banknotes are almost always complex and time consuming. The design must be integrated with necessary security features: the higher the denomination, the more advanced security features are required. These often include watermarks, security threads, see-through registers, and hidden numerals. Decisions also need to be made on the size of banknotes—a uniform size as for U.S. banknotes or a different size for each denomination as for euro banknotes. Finally, the color scheme should be determined—again, uniform colors, like U.S. banknotes, or clearly different colors as for most other banknotes.

Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations. In Yugoslavia in 1993, a banknote reached 500 billion dinars, and Zimbabwe’s highest banknote issued was 100,000 trillion Zimbabwe dollars in 2008. In such situations, a redenomination of the currency is not only appropriate but also necessary. Redenominating a currency means administratively changing its face value. In itself, a redenomination makes no one richer or poorer. Technically most redenominations of currencies are undertaken by using factors of 10, 100, or 1,000 and simply moving the decimal point a certain number of steps to the left to establish a new value. Such a change is simple to explain to the general public and easy for companies to implement. It also represents a clear way of monitoring whether price gouging is taking place.

The first step in the Turkmen currency reform was to unify the exchange rate. In the past, because of a shortage of foreign exchange, there had been a dual exchange rate system made up of an official rate pegged at 5,200 manat per U.S. dollar and an informal parallel market rate of about 23,000 manat per U.S. dollar.

Later, the government devalued the official rate to 6,250 manat per dollar and introduced a commercial rate of 20,000 manat per dollar at which banks could trade freely with the public. The two markets were successfully unified on May 1, 2008—at the rate of 14,250 manat per dollar, a level consistent with the country’s strong external position.

Currency exchanges were located wherever customers might want to exchange dollars for manat, offering easy and official access at close to the informal rate, thus killing off demand for the informal market. (parallel)

At the beginning of June 2008, the Turkmen government issued new foreign exchange regulations under which the Central Bank of Turkmenistan began providing banks and authorized currency changers ready access to foreign exchange, which in turn became available to the market-oriented private sector. Previously the central bank had been propping up the official, unrealistically low, exchange rate by restricting access to dollars. The provision of sufficient foreign exchange to an extensive network of exchange bureaus across the country eliminated the black market rate.

While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes.

It also included the reintroduction of coins. The Turkmen economy had been cash oriented for a long time, and the U.S. dollar was extremely popular. The weakness of the manat to the dollar, which required thousands of manat in an exchange conversion, was deemed unacceptable. One way to correct this was to redenominate the national currency.

After the successful exchange rate unification, the authorities moved forward with the introduction of the new manat, revaluing the currency by a factor of 1 to 5,000. The pegged exchange rate of 14,250 manat per dollar resulted in an exchange rate of 2.85 new Turkmen manat to the dollar.

A presidential decree issued August 27, 2008, announced the introduction of the redenominated manat on January 1, 2009.

Even without redenomination, the denomination structure of a new cash currency is worth considering. Usually, lower denominations are eliminated and higher denominations added. There is generally a shift into coins from denominations that were previously issued in banknotes. Cultural and sociological preferences must be considered. For example, in some countries, such as Somalia and South Sudan, coins are not popular. In other countries, such as Germany, people want access to very high-denomination banknotes. A rule of thumb often applied in developing economies is to set the highest denomination of the national currency no lower than the equivalent of 20 dollars.

Money in hand

Turkmenistan issued six new banknote denominations on January 1, 2009: 1, 5, 10, 20, 50, and 100 new manat. This was a major expansion of the upper denominations—the previously highest denomination, 10,000 old manat, now corresponded to a mere 2 new manat. The six newly issued banknotes each differed in size and were all shorter and narrower than previous banknotes. The design of the front of the banknotes presented prominent historic Turkmen personalities. The reverse side, as in the past, portrayed new key buildings and monuments of modern Ashgabat, the Turkmen capital.

In parallel, new coins were issued in the following denominations: 1, 2, 5, 10, 20, and 50 tenge; and the following year, two more coins were circulated with 1 manat and 2 manat denominations. This represented a de facto reintroduction of coins after high inflation and intense exchange rate pressure had rendered the previously issued coins valueless.

Once the design and denominations of a new currency are selected, the central bank must decide how much to produce, based on research on the demand for money in general and on various cash currency denominations in particular. Data on past orders of banknotes and coins should give reasonable estimates, which must be assessed in light of recent changes in public demand for the currency compared with other currencies. Technical advice is available from international banknote printing firms such as De La Rue and Giesecke &Devrient, and for coin denominations from mints such as the Royal Mint.

The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately--when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged.

Then, decisions (date) on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange.

In addition to the guidance of the central bank and the ministry of finance, the views of the ministries of justice, commerce, and defense; the police force; the chamber of commerce; bank representatives and representatives of the informal payment system (if it plays an important role in the country); the general public; nongovernmental organizations; and key media outlets should be considered.

The key stakeholders, under the leadership of the central bank, should develop a detailed plan for distribution of the new currency. They must identify exchange points (places where the public can exchange the old money for new and where cash currency can be stored temporarily); establish facilities for more permanent storage of currency, such as vaults and strongboxes; and address various logistic issues, including exchange point staffing.

In its plan for the currency reform, the central bank must decide how to handle the soon obsolete cash currency. Old banknotes that have been exchanged for new currency should be immediately invalidated via ink markings or holes drilled in the currency.

After a second counting, the then invalidated banknotes should be destroyed by shredding or burning. Routines should also be established for the collection and transportation of old coins, which may be sold by the central bank for scrap metal and ultimately melted down.

In line with common international practices, the Turkmen central bank allowed the two sets of banknotes to be circulated during 2009. By 2010, all banks were expected to exchange the old currency for new manat. And after that, the old currency was demonetized and retained only numismatic value.

The IMF’s currency display was recently dismantled to allow for repairs to the building. If and when the display is restored and updated, there will be several new currencies for visitors to view, including the new Turkmen manat.

http://www.imf.org/external/pu.....nnberg.htm
by Ssmith
on Fri Apr 20, 2018 7:01 am
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: "Lowest in the Market" - Thurs. PM KTFA Thoughts, News w/ DELTA 4/19/18
Replies: 1
Views: 395

HAS Call "Are you in Denial?" w/ Yosef (Alexander Gagin) Tonight at 9 PM EST 1/6/18

By: Human Angel Services www.humanangelservices.com
Title: “Are You In Denial” Show #20 CHURCH BANK CALL TONIGHT

Date & Time: Saturday, January 6th at 9:00 PM Eastern
Speaker: Yosef, Moshe
Host: Showme, Sophie

Attend by Phone:
Primary dial in number: (206) 402-0100
Guest pin code: 921624#
Secondary dial in number: (312) 279-3393
Guest pin code: 921624#

To listen online click link below (click on broadcast) :
https://iTeleseminar.com/104353545

Please Submit your questions to be answered on the call by going to www.humanangelservices.com website for the link for questions.
by Ssmith
on Sun Jan 07, 2018 8:48 am
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: HAS Call "Are you in Denial?" w/ Yosef (Alexander Gagin) Tonight at 9 PM EST 1/6/18
Replies: 1
Views: 435

Bruce Call Notes via WingIt

( LADYB COPIED AND PASTED THE NOTES. THANK YOU LADYB.
PINKROSES TRANSCRIBED THEM ON TNT SITE)
Bruce The Big Call 4-19-16  Transcriber: pinkroses
Thank you to Irene for capturing the first few lines.
 

Bruce call: We need each other, love doing this call with others, we need you out there listening and being there for us, thank you each Tuesday and Thursday night.

 
Bruce call: Bruce opening call with prayer
 
Bruce: Bruce: Tonight special call with Guest speaker Sue, and guest speaker Bob, and Kent
 
Bruce call: Kent Lesson, then prayer request
 
Bruce call: Kent Lesson now 
 
 
 
Bruce call: Bruce opening call with prayer
 
Bruce: Bruce: Tonight special call with Guest speaker Sue, and guest speaker Bob, and Kent
 
Bruce call: Kent Lesson, then prayer requests
 
Bruce call: Bruce and Kent discussing teaching lesson
 
Bruce call: Praise reports and Prayer requests now
 
Bruce call: Bruce: Intel now
 
Southcomfort transcribed this comment:  Europe becoming liquid in morning their time, midnight eastern our time
 
Bruce call: Bruce: Tonight different how we do this, collection of intel from various sources. Put it in 20 points.
 
Bruce call: Sue: to be ethical, this is the best collection of intel we have worked hard to gather, Intel providers gave us is very connected, reputable, fortunate to have it. It is intel in the moment, it is fresh. best we can come up with at this moment.
 
Bruce call: Bruce: Realize this this collaboration is something that info is we have and we are putting out. Understand that we definitely try to use discretion, try to put out info without putting out things ultra-sensitive, or going over the line in certain areas.
 
Bruce: No rates or dates, try to be ethical. receive this info in that light.
 
Bruce call: Sue: We are giving dimension to it. Bruce: We are sort of in the moment. down to a close proximity. Take the info, apply as you see fit.
 
Bruce call: Intel 20 Points
 
Bruce: #1: China announce new gold price, #2 The Chinese Yuan went gold back same moment #3 Global oil price and ? were settled 3 hours later Monday night.
 
Bruce call; Expected tomorrow morning
 
Bruce call: High rates available first 5 days, off site redemption locations
 
Bruce: rates high limited time, nothing new. the people want us to get in, get exchanges done. WF lead bank, working very carefully with HSBC, and other International banks.
 
Bruce call: 800 numbers can come out anytime but expected wee hours of the evening to ease the flow of appt setting.
 
Bruce call: 800 numbers put out in form of emails, and judicially intel providers and sites
 
Bruce call: Sue: Are you one of those intel providers? Bruce: some people think, but I not been informed. If so send to our site, we put them on our website under our bank tab.
 
Bruce call: Sue: Are you one of those intel providers? Bruce: some people think, but I not been informed. If so send to our site, we put them on our website under our bank tab.
 
Bruce call: Bruce: If they want me to.
 
Bruce: #9, Zim very valuable, be given initially 36 hours preference. Bruce: If you have Zim let people know that this is one of your currencies. They put you head of the class. Put you in appt sooner than later. They want to get the zim more quickly
 
#10, Zim will have a longer structure payout period, and skeleton trust if you dont have a trust at time of exchange
 
Bruce: I am not an attorney, cpa. What we understand, banks are prepared to put together, a skeleton trust, basic trust, to keep funds secure until you come with your own, or add to, or a trust above this trust.
 
Bruce: You will get with your WM on, to put together, they will have the resources to put together. get done before walking out of redemption center.
 
#11: IQD-dinar VND-dong, IRR-rial,. IDR-Indonesian rupiah, AFA =afghan ZIM-zimbabwe
 
Bruce: possible minimum 2 year structure payout with other currency other than the zim
 
Bruce: Sue: no rates or dates, the value has gone up, this process going to be easy, feel safe, the banks going to provide you those more valuable rates.
 
Bruce: The rates very good, nobody needs to negotiate anything. going to be quite spectacular
 
Bruce call: if not want structure rate, can redeem later, there be a time frame for groups and others to set appt, period of time initially, after which time, the John Q public they be able to exchange after that with bank screen rates, or international rates
 
Bruce: appt time about 36 minutes. New us gold back system been established
 
#15, all public and private project leaders ready and completed for global release
 
#16, US dollar and federal bank notes no longer recognize last week. Bruce: that is referring to the fiat. They already made the transaction to the new dollar that is backed by gold and other assets
 
#17, all security forces in place currently in exchange centers, inside and outside and beyond
 
Redemption staff on lock down all week, all ready.
 
#19, performance time kept secret
 
#20, 16 million currency holders, no cap. All set, plenty of equity, funds in place, all set, all compete from equity stand point.
 
Bruce call: next thing on agenda? Sue: post RV reality
 
Pinkroses.  sorry if I missed some numbers
 
bruce call: Sue: talking about her book
 
Bruce call: Kent discussing his plans post Rv and giving suggestions how to have new mind set post RV
 
Bruce call: Sue discussing to have the mind set
 
 
Bruce: the exchange itself, the banks will make it as fun as a transition as for us. Best interest to work with us as partners. That is how I going to look at it. Enjoy, have fun, new world you going to walk into.
 
Bruce: Embrace the transformation you’re going to walk into. No fear, walk into with faith, confidence. I am sure all come out as fine on other side.
 
Bruce: Ask for guidance to ask right questions and hold you during whole experience. Look forward to Thursday night to go more into this.
 
Bruce call: Kent praying call out.
by Ssmith
on Tue Apr 19, 2016 10:50 pm
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: Bruce Call Notes via WingIt
Replies: 2
Views: 1245

wmawhite says we are waiting for the words PRIVATE SECTOR

wmawhite



 this continues to set nicely...who would have ever imagined with fighting a war in 1/3 of his country that the prime minister would take on the challenge of changing his government and upsetting the hogs at the trough.



...he could have said no the international community and joined the other hogs at the trough...but, instead, he is continuing to show the international community that he is a true leader.


 ...the ten days that parliament has to vote on these reforms is directly from their constitution...it gives all members an opportunity to make their opinion known.

After which, they will vote because they all have skin in the game.



 Article quote:  "...It is noteworthy in several economic studies that sector private and through international experiences have achieved successes in achieving the goal of development in countries that have faced the same difficult circumstances and Ahaha Iraq Overall, economic ones in particular..."   Folks, when you see "private sector"...those words are describing exactly what we are waiting for.


 ~~~~~~~
...the change in the status of the IQD is not coming out of parliament.

The changes that Prime Minister Abadi is doing with the GOI is great, but that is for the future.

This change with the IQD is based upon the present and again, is not predicated upon whether parliament is meeting, nor where Maliki is living, nor whether Sadr is camping in the Green Zone. Folks, the IMF has already told the world in many, many different ways, what Iraq is going to do very soon. 

 ...there are dozens of meetings taking place everyday all over Iraq...and they are not all about what we want. Again, the IMF has already had the most important meetings and it is those meetings that produced the statement that Iraq "will"...not "thinking about it", not "studying it", and not "maybe".   Instead, Iraq "will"...action verb...will enter the economy markets during the 1st have of 2016.

   This statement was made on October 23, 2015: The director of the Middle East Department and Central Asia for the International Monetary Fund Masood Ahmed in a press statement stressed that Iraq will return to economic market during the first half of next year.

I have never read about the IMF ever making such statements before...Also, IMO, some major progress would have to have been made for the IMF to make that statement.

Also (again) we see in the Technical Letter of Intent, Iraq has made great progress and the IMF laid out in paragraphs #19 and #20 exactly what remained to be accomplished for Article 8 and for items are happening now...for fact.   ...and as they get down to making these huge changes and moves...they probably are concerned about timing...

i am now more interested about where this will initially manifest itself...in other words, where will it first be evident...IMO, in the Middle East. Because, I do not believe it will click and over night the new value will be showing on all of the screens in every bank in every country. 
by Ponee
on Fri Apr 01, 2016 11:50 am
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: wmawhite says we are waiting for the words PRIVATE SECTOR
Replies: 0
Views: 752

wmawhite says it is coming to an end...

wmawhite 

  Article:  "The corruption of the currency auction in Iraq"   ...I find it interesting, how far back does this issue go...did it just start with Alak? Probably not. If not, how far back? Hmmmm...Much more,..it is coming to an end...

 Remember folks, the IMF has been aware of this issue, and yet, they told the world that Iraq WILL enter the markets.


And IMO, back in October 2015, when that statement was made, Iraq (via Abadi/CBI/GOI) gave assurances that concrete steps were going to take place. And we have been seeing those steps being completed.



Iraq/GOI/CBI continue to build a consensus throughout the Middle East that Iraq will have a solid financial system...meaning when Iraq enters the "markets" there will be NO hesitation on the part of the financial community to do business with Iraq...UNLIKE Iran...and if anyone ever wanted it in plain English look at paragraph #19 and #20 in the Technical Letter of Agreement.

 Those paragraphs scream the move to Article 8. Those paragraphs even state "Artilce 8"...the move to Article 8 is the Good House Keeping Seal of Approval to the world's financial community.

The next challenge will be the actual exchange process and where that will take place. This will be uncharted territory.


...IMO...they are at the door ready to step through..."the adoption of mechanisms...".   They know they are about ready, now they are about to adopt/do the procedures/mechanisms.  IMO...this has been underway...in the process prior to when the IMF told the world that Iraq "will" enter the economy market during the 1st half of 2016.


Aricle quote:  "Specialists in economic affairs efforts in the search for exits reduce the impact of financial distress on Iraq, the adoption of mechanisms to elevate the Iraqi dinar entered through international exchange dealings continue."  

That article is more confirmation of what the IMF stated months ago. This article states that the mechanism is being looked at to actually move the IQD into the "world" markets.   Actually...it is underway...it is in process..."to elevate the Iraqi dinar entered through international exchange dealings continue. "..."dealings continue".
by Ponee
on Sat Mar 12, 2016 1:14 pm
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: wmawhite says it is coming to an end...
Replies: 1
Views: 852

rcookie and member chat

hub says(): used my snow blower last evening, picked up a rock, threw it against the house, wife was setting on the porch having a 44 oz dr pepper and it scared her, she dropped it on the cat, it jumped up and and clawed the dog, since it was 70 degees my wife was letting her $500 parrot get some sunshine, the dog knocked the cage over, the bird flys to the nearest tree.... i climbed up to get it, the bird flies back to the cage and i fell out of the tree.... im ok, but i hate that durn snowblower and will never get in out again.....
 
rcookie says():   The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building," revealing "an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum)."
 
And between Fattouh, that "preparations are underway to hold the conference," returned him "a good opportunity to bring Arab and foreign investors to Iraq, opening the door for investment in Iraq's banking sector."
 ~~~


e explained Fattouh, that "these investors will be briefed on the investment laws in Iraq and investment opportunities, and will play an Association of Iraqi banks and the Union of Arab Banks, a major role in this forum," stressing the need to "expand the Association of Iraqi banks to include all Iraqi and foreign banks under the name of Association of Iraqi banks." .
 
 
rcookie says():   He Fattouh, the EU was ready "to provide assistance to establish the Association of Iraqi banks and the development of the foundation of his regime," pointing out that "this should be done in Iraq."
 
The experts and officials, bankers and Financial enemy in the (January 2016 9) that the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector,

and accused the government and private banks are currently not contribute the role of a "real" to support the productive sectors, as called for the central bank to limit the granting of new banking licenses, the bloc demanded banks to provide venture capital accumulated position to finance an important strategic projects.
 
Read More :http://www.dinarupdates.com/showthre...459#post143459

rcookie says():   The head of the Council of Ministers, Haider al-Abadi called in (the 12th of December 2015 the past), the banking sector to make a "leap quantity and quality" in its activities, and stressed the government's determination to activate the role of private banks, while warned of "obstacles" to delay the work of banks put own, he pledged to "hold negligent."
 
The banking system in Iraq is made up of 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30, including an Islamic civil seven, as well as six foreign banks and is distributed as follows: 600 branches throughout Iraq
 
http://translate.googleusercontent.c...xLZ6xgjaY3SIIg  bad link
 

jimplants says():EXCELLENT
 
subgirl says(): while warned of "obstacles" to delay the work of banks put own, he pledged to "hold negligent."
subgirl says():Abadi is doing a great job!!
 
rcookie says():SO MUCH IN LAST 2 DAYS!
subgirl says():EXCITING!!! Smile
 
rcookie says():INVESTMENT CONFERENCE...DEVELOPMENT OF BANKING SECTOR.....
jimplants says():arab and eu investors we can not be far behind
 
rcookie says():ECONOMIC FORUM TO ATTRACT INVESTORS.....TO ADD TO THE 341 INVESTMENT LICENSES ISSUED SINCE 2013....

AND THE NETOWKING ABADI DID AT DAVOS ECONOMIC CONFERENCE.....
 
rcookie says():ESTABLISHING THE ASSOCIATIO OF IRAQI BANKS.........N
nick says():nothing going on in IRAQ all a bunch of slackers
 
jimplants says():those banks will/should be private
 
rcookie says():JOINT COOPERATION AGREEMENT WITH UNION OF ARAB BANKS....1ST OF ITS KIND SINCE 2003!!!...

WHICH "WILL OPEN THE DOORS OF COOPERATION WITH EUROPEAN AND US TREASURY!!!!!!!.....
 
subgirl says to nick():we already had people say that so please be careful what you say in here about what Iraq is doing... Need to stay positive!!!
 
MadDScout says():What a awesome news day Smile
subgirl says to rcookie():WOW!
jimplants says():i missed that ust part most excellent!
 
rcookie says(3:39 PM):HUMAN TRAINING ON & EDUCATION TO HEIGHTEN ABILITIES...THROUGH USE OF MODERN EQUIPMENT & TECHNOLOGY!!!
 
tbob says():if you want a chuckle ..read how your comments get distorted after you log off Smile
 
rcookie says():IRAQI AUTHORITIES ARE SERIOUS ABOUT RESTRUCTURING AND DEVELOPING BANKING SECTOR...TO BE ON PAR WITH INTERNATIONAL BANKS....
 
EXACTLY WHAT WE READ AND SAW THE WORLD BANK COMMIT TO ASSISTING THEM WITH... ALONG WITH BREAK UP & PRIVATISATION OF 2 BIG STATE BANKS......
 
subgirl says to tbob():are you reading up on the Great news we have had today?
tbob says():I ALWAYS read up everyday before I even attemp to enter the chat room Smile
nick says():it was a joke have u not seen rcookie use the same comment?
tbob says():Otherwise I would just pop in a ask "so anything good happening today"? (lol)
 
sassy says():nick I knew you were kidding
subgirl says to nick():no I did not know you were joking?? Sorry
 
rcookie says():WOW!!! HERE IT IS..IN INK......WILL SET UP IMPORTANT TRAINING PROGRAM AND EXPERTISE FOR BAGHDAD...RELATED TO INTERNATIONAL ACCOUNTING STANDARDS...(IAS)

AND TO COMBAT MONEY & CFT PROGRAM.......READ THAT AGAIN!!!!!
 
 sassy says():Wonder how long the training will take?
 
jimplants says():they have been woking on international accounting since october so again ahead of the curve
nick says():me too !
 
sassy says():jimplants I also thought they were training before
 
rcookie says():THE AGREEMENT WILL INCLUDE PRIVATE & GOVERNMENT BANKS (2 BIG STATE BANKS)..AND ALSO CMMERCIAL BANK OF IRAQ....

AND PROVIDE ASSISTANCE AND COUNSELING TO ALL WITH THE BLESSINGS OF CBI.....
 
larrykn says():rcookie I thougth the banks already had all kinds of training over the past year or two , maybe just not international training ?
 
love it 2 says to sassy():thats a million dinar question Very Happy
sassy says():larrykn there have been so many articles about the training they were doing
 
rcookie says():TE IRAQ ECONOMIC FORUM....WILL BE INVESTOR CONFERENCE...FOR CAPACITY BUILDING....

AND OPPORTUNITY TO BRING ARAB & FOREIGN INVESTORS TO IRAQ!!...

OPENING THE DOOR FOR INVESTMENT IN IRAQS BANKING SECTOR  WOW!!    WOW!!...WOW!!!
 
sassy says():love it 2 yep
jimplants says():is this the march forum?
larrykn says():your right sassy
love it 2 says():" Bank training? ..how much do they need ...they have been training since 2004 (lol)
 
larrykn says():I guess for a country that had no idea how to do internation banking they need all the training they can get
 
Baxter1243 says():Love it 2... thats over here.. (lol)
 
rcookie says():THESE INVESTORS WILL BE BRIEFED ON IRAQS INVESTMENT LAWS....AND INVESTMENT OPPORTUNITIES IN IRAQ.....

YOU MEAN LIKE BOEING..AND GE...!!!WITH THE NEW BANK ASSOCIATION PLAYING A MAJOR ROLE IN THE CONFERENCE!!!!
 
plowboy says(3:52 PM):I'm assuming that Millionday has tenative plans for coming in tonight
love it 2 says():too much "training" ...1+1 = 2.....there ya go ...your trained ...unless your counting "common core" ...(lol)
 
wmawhite says to rcookie():Can I saw that the IMF said so...?...... International Monetary Fund (IMF), on Wednesday, stressed that Iraq will return to economic market during the first half of next year.
 
wmawhite says to rcookie():Can I say.....
love it 2 says to Baxter1243():(lol)
 
wmawhite says to rcookie():And that Wednesday was in November 2015
Baxter1243 says():wma... they better.. Im counting on it... Big Time...
 
chickadee says to plowboy():it was said last night she was
bigrudy says():is the Tariff law in place?
 
rcookie says():THE EUROPEAN UNION WILL BE PROVIDING ASSISTANCE WITH THIS BANKING ENTITY....AND DRIVE THE PRIVATE SECTOR GROWTH....
 
WITH THE LEGISLATIVE AND ENVIRONMENT THAT SUPPORTS THE BANKING SECTOR.....
 
AND THE RELATED PRODUCTIVE SECTORS THAT RELY ON THE BANKS TO LAUNCH STRATEGIC PROJECTS WITH THE NECESSARY VENTURE CAPITAL!!!......WOW!!...WOW!!...
 
jimplants says to rcookie():i missed the date on that
jimplants says to rcookie():venture capital WOW
 
larrykn says():if they aren't getting ready for this to happen I don't know wow Smile
jimplants says to rcookie():MONEY REAL MONEY NOT IMPOSED RATE MONEY
 
tbob says():I ready for this -- lets do it team!! GO IRAQ!!! GO RV!!
larrykn says():playtime is over Smile
 
wmawhite says to rcookie():Here is the tie-in to the IMF.......: amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
 
jimplants says():ONE WOULD THINK THEY WOULD HAVE TO BE ARTICLE 8 COMPLIANT AND ACCEPTED INTERNATIONALLY
 
cjquade54 says():it would sure look good for them if they had an international currency in place before the inverstors conference
 
Baxter1243 says():Yep... thats for sure... Article 8
Baxter1243 says():Must be....
 
wmawhite says():Folks,....you can go back to the IMF MoU and see exactly what is taking place for Iraq to enter the "markets".
 
larrykn says():again what comes first the rate or article 8 ,, I think the rate first
 
rcookie says to wmawhite():GREAT POINTS MR WHITE!!....
tbob says():or simulatious :S
 
rcookie says():BUT ONE OF THE BIGGEST PARTS MENTIONED THAT SOME ARE ASKING ABOUT...THE NECESSARY TRAINING...AND ALL THAT THEY HAVE DONE IN TRAINING AND TECHNOLOGY....BUT......
 
wmawhite says to larrykn():Iraq/CBI can change their rate today and if they do not have Article 8 there isn't two banks anywhere in the solar system that would touch the IQD. 

rcookie says():YOU GUYS MISSED A LITTLE PART.......
larrykn says():wmawhite I feel the rate and article8 will be one after the other was what I was trying to say sorry
 
rcookie says():WHAT WAS THE MAJOR ANNOUNCEMENT RELEASED ON 1/7/16 IN ADDITION TO GOLD COINS PROGRAM........
cjquade54 says():bonds?
 
rcookie says():CBI ANNOUNCEMENT
rcookie says():ONE OF THE MOST IMPORTANT ANNONCEMENTS....EVER...
cjquade54 says():cbi loans to goi?
 
rcookie says():THE ANNOUNCEMENT OF CHANGING FROM UNIFORM ACCOUNTING STANDARDS..TO IAS...INTERNATIONAL ACCOUNTING STANDARDS.......
cjquade54 says():that was my next guess lol
 
rcookie says():WHICH IS COMPLETELY NECESSARY IN DEALING WITH PUBLICLY TRADED COMPANIES......
bigrudy says():does anyone know if the 50k are in circulations?
 
rcookie says():IFRS...INTERNATIONAL FINANCIAL REPORTING STANDARDS....
cjquade54 says):big time moves to international status
 
jimplants says():WHEN IS THE DATE OF THIS FORUM I MISSED THAT
tbob says():MD foretold of this long ago ... what to be on the watch for ... most poo pooed her ... and here it is right in front of us! Whoopow!!!
 
wvchsr says():ge all. is there nt tonight?  (news time)
cjquade54 says to wvchsr():there is nt right now
 
rcookie says():SO READ THIS........
nromeo says():they are far from being in 2% compliance aren't they or are they?
wvchsr says to cjquade54():i'm standing beside myself with all the good info coming out

rcookie says():"the agreement signed today, provides short on the commitment of Arab Banks Union set up a training important program for the sector of the Iraqi banking, bring Arab and foreign expertise to Baghdad and prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."

 
rcookie says():prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."
 
watchman42 says():just woke up and now this. sparks are flying off of my brain! can't take it all in right now. LOL Very Happy
 
rcookie says():AGAIN...AML...CFT ...AND FinCEN COMPLIANCE....
 
rcookie says():CFT= COMBATING FINANCING OF TERRORISM....
 
rcookie says():ANYBODY STILL THINK ANY OF THIS WAS REMOTELY POSSIBLE WITHOUT ALL OF THESE MECHANISMS IN PLACE 2..3..4..10...YEARS AGO....
larrykn says():not even 6 months ago
 
rcookie says():THHEY WOULD HAVE REVALUED THEIR CURRENCY AND LOOKED EACH OTHER GOING..."UH OH...OK NOW WHAT DO WE DO."...
 ~~~


breakthrough says():great news
nromeo says():rcookie or wmawhite they are far from being in 2% compliance aren't they or are they?
 
rcookie says():I HAVE NEVER BEEN AS EXCITED ABOUT THIS INVESTMENT....
larrykn says():hub kuwait didn't rv they ri just went back to what they were right after they paid off some bills first
 
jimplants says():RCOOKIE WAS THERE A DATE FOR THIS CONFERENCE i MISSED THAT
larrykn says():me neither rcookie Smile
 
rcookie says():THE 2% IS OUTLINED IN LOI...MEFP AND TECNICAL MOU....AND BEING DRIVEN BY IMF....

nick says():rcookie the quetion is what r u going to do with all you free time after rv?
 
hub says():we have been trying to decide where we wanted to retire,,, the last move,,, and never has my wife found the spot she wanted......until Friday,,,she is ready, so this must be a sign,, we need the rv to pay for it,, so may the ones that say timing is everything is right....
 
cjquade54 says to jimplants():I think it's early March
hub says():larry, your right i was just talking about the difference of how long it took to be operational...
 
wmawhite says to nromeo():IMO,........it doesn't matter because it will be a moot point..in other words fixed. Here is why I say this:...From the IMF, The GOI and CBI: The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
 
nick says():rcookie your work ethics r very much appreciated
love it 2 says to wmawhite():so the so called "2%" means nothing ?
 
rcookie says():DIDNT SAY EXACT DATE BUT I BELIEVE IN MARCH...WILL LOOK..
 
rcookie says to nick():TYVM..
 
wmawhite says to nromeo():This is an agreement with signatures from the IMF, GOI, and CBI. There are no maybes, or possibi;ities, or get around to it. It states/......"The government will do such and such".
 
larrykn says():hub I can't remember what bill they had to pay off but the rate went up to around $9 for a few days then whet back down, I don't know when they started but I would think once they got their country back they did it, they had nothing to hold them up
 
wmawhite says to love it 2():I said."moot point".
 
rcookie says():HERE IS WHAT THE IMF HAD TO SAY ABOUT THE 2%.......
 
rcookie says():12. The spread between the official and the parallel foreign exchange market rate receded toaround 2 percentage points since August from as high as 16 percentage points in June, as a result of the elimination of the obligation to prove custom duty and income tax payments before buying foreign exchange.
 
wmawhite says to love it 2():If the issue that is causing it is gone by by.......then it issue dosn't exist anylonger.
 
hub says():i think that was clintons way to balance the budget
cjquade54 says to jimplants():I think they bumped it from Jan 21 to early March
 
wmawhite says to love it 2():doesn't
love it 2 says to wmawhite():(y) ok
 
breakthrough says():THANK YOU rcookie and wmawhite for all your hard work bringing us so much important information.
 
jimplants says():THANKS THATS THE INVESTMENT CONFERENCE THAT WAS MENTIONED LAST WEEK THEN OK THANKS THAT INCLUDES THE ISX ALSO THEN
 
wmawhite says to breakthrough():yw
templejc says to breakthrough():I AM GOING TO NEED A BREAKTHRU JUST TO SEE YOUR POST!
wmawhite says to love it 2():(y)

love it 2 says to rcookie():so actually looking a for a RV at this point, would be better to wait, til March or later ?
 
nromeo says():its amazing how shabs kept it stable for over a year and they can't even come close to a month
 
rcookie says to nromeo():ARE YOU KIDDING....
breakthrough says():LOL Templejc
 
love it 2 says to rcookie():i mean i have no problem waiting...i shop at Wal-Mart and those lines are craaaaaaaaaaaazy Very Happy
 
Baxter1243 says():If I figured right.the spread right now is just over 4%...
 
nromeo says():when have they kept the 2% for a month since shab was gone?
 
wmawhite says to love it 2():I want to show you the first sentence to paragraphs #18, #19 and #20. 18.
 
The government will .... 19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. 20.
 
The government will implement reforms on anti-money laundering and combating the
 
rcookie says to nromeo(4:26 PM):THEY ARE FIGHTING THE BIGGEST WAR O TERRORISM IN HISTORY OF MANKIND...IMPLEMENTED COMPREHENSIVE SOCIAL..
 
POLITICAL AND ECONOMIC REFORMS AT ALL LEVELS...IMPLEMENTED...SALARY LADDER...HIRING FREEZES...SUBSIDY CUTS ...TARIFF IMPLEMENTATION...

AND ALL AMIDST A MAJOR PRICING CRISIS TO OIL....AND MAINTAINED 2.3 % INFLATION WITH AN NON EXISTANT CURRENCY VALUE.......
 
wmawhite says to love it 2():My point is that it CLEARLY states that a certain entity will do something. There are no questions as to what is being accomplished.
 
love it 2 says to wmawhite():awesome... i can wait ...I have no problem with that Smile
Annieo says():you news hounds ROCK!!!!
 
willie60 says to rcookie():Just finished reading today's chat log as I do daily. Thank you and all of the wonderful researchers here. I so much appreciate all of your efforts. Great stuff you guys.
FIELDGT says():love it 2 i would gladly take a March retirement date lol
 
rcookie says to nromeo():WHAT THEY HAVE DONE...ALL UNDER SEVERELY ADVERDE CONDITIONS IS NOTHING SHORT OF REMAR....KABLE
rcookie says to willie60():HEY WILLIE...YVW...
 
love it 2 says to FIELDGT():it happens when it happens friend...nice to see March but oh well I can wait til when ever Smile
FIELDGT says():exactly
 
nromeo says():shab had maliki plus terrorism and god knows what else also.are u saying none of that existed when shab was there
 
Annieo says():ready to March right on into March!!!Very Happy
 
rcookie says():THE WEEKEND NEWS IS INSANE!!!...NO I DONT HAVE DATE & RATE,,,,
FoolMeOnce says():So we are waiting until March?
 
templejc says():WHERE DID MARCH COME IN ON THE EQUATION?
love it 2 says to FoolMeOnce():we are waiting til when it happens ... Smile
FIELDGT says():FoolMeOnce MD says anytime.. we were just saying we need to wait until it happens
 
cjquade54 says():just keep in mind, as Mr W has reminded us countless times, by mid 2016
templejc says():OK IT DIDNT
 
FoolMeOnce says():Oooooooook gotcha. I just blipped in and caught the last 3 minutes.
cjquade54 says():as stated by the IMF
 
subgirl says():WE do not know when this will happen and most likely it will happen ANYTIME!!!! NOT MARCH!!!!! ANYTIME!!!!!
 
rcookie says():YOU GUYS REMEBER THAT ARTICLE ABOUT BANKING A COUPLE OF MINUTES AGO.....
 
wmawhite says to templejc():It never came from this room.
larrykn says():yes
templejc says():OK - IT SNUCK UP ON ME AND BAMM THERE IT WAS IN CHAT
nromeo says():after 8 years in this i am past ready for this to happen
 
rcookie says():OK....HERE IS SOME MORE RIDICULOUS NEWS...RELATIVE TO IMF LETTER OF INTENT...MEFT...& TECHNICAL MOU....
nromeo says():like right now lol
 
rootietooo says():rcookie, mr white, thank you for being the shining stars for this room today. I just love it. thank you.
 
rcookie says():DOES THIS READ FAMILIAR?...........
love it 2 says to rcookie():seems it does
 
rcookie says():REMEMBER THIS IS ANOTHER IMF MANDATE...AND LOOK AT THE DATE.....ANOTHER EARLY DELIVERY....BIG SMILE!!
 
rcookie says():20. The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT). This will improve the integration of the domestic financial system into the global economy and lower transaction costs, improve governance, and reduce the size of the informal sector.
 
As a first step, the government will, by end-February 2016, draft, with the help of IMF technical assistance, and adopt a by-law to set up a mechanism to comply with the relevant United Nations Security Council resolutions related to terrorism financing and Recommendation 6 of the Financial Action Task Force on Money Laundering (FATF).
 
rcookie says():HMMMMMMMM LOOK FAMILIAR.........
 
rcookie says():THE TRAINING TOWARD THAT CONFERENCE...AML/CFT.......WITH TECHNICAL ASSISTANCE...DRAFT BY THE END OF FEBRUARY.....HMMM IMPROVE THE INTEGRATION OF THE DOMESTIC FINANCIAL SYSTEM INTO THE GLOBAL ECONOMY.......ARE YOU KIDDING ME!!!!!!!!!!!!!......
 
cjquade54 says to rcookie():that's as plain as can be
rcookie says to cjquade54():(handshake)
 
rcookie says to cjquade54():COUPLE THAT...WITH WHAT WAS POSTED IN GAZETTE YESTERDAY THE 23RD.....
nick says():Exacltly!!!!
 
rcookie says to cjquade54():WHICH WAS........?
cjquade54 says to rcookie():I'm pumped (handshake)
 
rcookie says to cjquade54():OOPS
rcookie says(4:42 PM):WELL
cjquade54 says to rcookie():ammended investment law
 
rcookie says to cjquade54():LOOK FAMILIAR...
 
Localcats says():the check is in the mail
Baxter1243 says():sandbox timer.. (lol)
 
love it 2 says to Localcats():I'll take mine in my HAND Very Happy
cjquade54 says to rcookie():ammended = fix the distortion
 
love it 2 says to Cricket22(5:13 PM):just sayin... idont need a check in the mail.... i rather a check in hand or a BLACK CREDIT CARD Very Happy
 
rcookie says():19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
 
 Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an
 
rcookie says():exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
 
As a first step, the government will, by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
 
templejc says():WELL THEY ARE ONE MONTH AHEAD OF THE PLAN! 

rcookie says():GONNA NEED A PLASTIC SURGEON TO GET THE SMILE OFF.....
 
cjquade54 says to rcookie():is this the ammended investment law?
cjquade54 says to rcookie():must be
 
breakthrough says():I'm a believer in what you are saying rcookie and wmawhite! Makes me want to keep watching my favorite show on HGTV called Caribbean Life and believing I won't have to watch the show anymore because I will be there soon!!! Hot digity dog!
 
rcookie says():YES IT IS....
 
dovi says to rcookie():they said there's a first time for everything, but I never...
rcookie says():GOTTA BUY THE ISLAND NEXT TO JIMMY BUFFET..
cjquade54 says to rcookie():salt shakers will be on me lol
 
rcookie says():YOU GUYS REMEMBER THE ANNOUNCEMENT THIS WEEK... OF SELLING PUBLIC BONDS TO CITIZENS FOR THE 1ST TIME SINCE 2003...5 TRILLION DINARS...3 YEARS AT 10%........
breakthrough says():yes
 
rcookie says():COME ON...LAST ONE...
rcookie says():LOOK FAMILIAR....
 
rcookie says():The domestic financing will be covered by the issuance of Treasury bills, out of which up to ID 7 trillion will be refinanced by commercial banksIRAQINTERNATIONAL MONETARY FUND 7
 
IRAQat the discount window of the CBI, the issuance of national bonds for the general public in an amount of ID 5 trillion, and the drawdown of government deposits in the banking sector in an amount of ID 4 trillion.
 
nick says():Looks like last news night
 
rcookie says():HMMMMMMMM...
rcookie says():LIKE SOMBODY STOLE THE IRAQI/IMF PLAYBOOK.....
rcookie says():JUST WATCHIN THE PLAYS...KNOWIN THE X & O'S
 
Tex1 says():Yall have made My day,,,,thank ya much/
love it 2 says to rcookie():maybe Bill Belicheck has their hand book ? Very Happy
 
cookie says to mrsgib():TRY NOT TO GUESS AND BE SO DATE CENTRIC....THE MAIN PLAYERS HAVE LEFT THEIR PLAYBOOK OPEN FOR REVIEW...
 
templejc says():AGREE IS EVENT DRIVEN NOT DATE DRIVEN
jd says():Can Iraq spend their reserves if they need money to meet their budget??
 
cjquade54 says to jd():reserves belong to the cbi .. the budget is for the goi
cjquade54 says to jd():someone correct me if I'm wrong
 
slh5282 says to BGG():BGG.. RCOOKIE BRINGS AND HAS BROUGHT SOME UNBELIEVEABLY GREAT NEWS.. LOOK FORWARD TO HIS NEWS AND PARTICIPTION IN THE CALLS EVERYTIME

by Ponee
on Mon Jan 25, 2016 10:47 am
 
Search in: GURU FICTION & PREDICTION DAILY
Topic: rcookie and member chat
Replies: 1
Views: 571

39 Signs the Global Elite’s Ship is Sinking

39 Signs the Global Elite’s Ship is Sinking

Make no mistake about it. The tide has turned on the global elite and there will be no going back. A new day is rising for humanity as those who have planned for complete control are now being exposed, cornered and investigated from many different angles. There is no need to buy into the fear-based propaganda the major media and even several alternative media outlets dispense. Very good things are happening and even better things are coming.
Let’s take a look at some of the major stories that have occurred in the last few months. Piecing the puzzle together, we see that the jig is up and the events surrounding it are growing in size and speed.



Topics tagged under 20 on Dinar Daily 39-Signs-the-Global-Elite%E2%80%99s-Ship-is-Sinking-Lance-Schuttler-330x202
3rd October 2015
By Lance Schuttler
Guest Writer for Wake Up World


39 Signs the Global Elite’s Ship is Sinking






#1: 57 Nations approved as founding members of the China-led Asian Infrastructure Investment Bank. Notable countries who signed on June 29th, 2015 include Russia, India, Iran, Switzerland, Germany, France, Saudi Arabia, Australia, Indonesia, the UK, Italy and Austria. Notables who did not join are the U.S. and Japan.

#2:
May 12th, 2015: Russia asks Greece to join the BRICS Alliance. Notice the BRICS trend in the stories to follow.

#3:
May 24th, 2015: The Pentagon released documents to Judicial Watch, a government watchdog law firm, proving that the US Government played a central role in creating ISIS. Interestingly, the mainstream media failed to cover this story. A few weeks later, ex US Intelligence officials confirm the report.

#4:
May 31st, 2015: Greece’s Prime Minister Alexis Tsipras writes an open letter, warns European leaders they are “making a grave mistake,” and suggests they re-read Hemingways’ “For Whom The Bell Tolls”.

#5:
June 2nd, 2015: The U.S. Federal Government was hacked as the personal data of 4 million current, former and prospective employees believed to have been breached. 3 weeks later FBI Director James Comey told US Senators the actual number could be 18 million. Some believe the hack was coordinated to gather further evidence of crimes by certain government officials. More on that further down.

#6:
June 2nd, 2015: Kentucky Senator Rand Paul calls for the U.S. Government to declassify 28 pages in the 9/11 attack report that the Bush Administration blacked out.

#7:
June 3rd, 2015: Famous musician Akon announces his Solar Academy will bring solar power to over 600 million people in Africa. A major victory for clean energy and humanity.

#8:
June 4th, 2015: Whistle-blower Edward Snowden says a “profound difference” had occurred since releasing the NSA documents and that the balance of power has shifted in our world. Is he referring to the BRICS Alliance?

#9:
June 5th, 2015: “There Will Be A Reset of The Financial Industry.” The International Monetary Fund says the Chinese Yuan is no longer undervalued. This sets the stage for the Yuan to be recognized as a global reserve currency, something the U.S. Dollar (which is backed by war and oil) does not like.

#10:
June 7, 2015: Deutsche Bank, one of the world’s largest banks, Co-CEO’s Jain and Fitschen resign. Two days later, German prosecutors raided the Bank’s headquarters in a criminal tax-fraud probe.

#11:
June 15, 2015: China says the G-7 Summit in Germany was a “gathering of debtors.” They mean this literally as the Bretton Woods western financial system is based on debt. And in fact, the entire western financial system has been running illegally and is technically bankrupt. For more on the real history of Bretton Woods and its connection to JFK, The Global Collateral Accounts and the gold standard, read here.

#12:
June 17th, 2015 is quite the day with the next four stories all being reported at that time. First, JP Morgan’s number 2, the Vice Chairman Jimmy Lee, suddenly and unexpectedly passes over. Since late 2013, the list of high-level banking officials to have passed over has grown to 70. Clearly, something is happening.

#13:
June 17, 2015: Russia and China announced that all natural gas and crude oil sales between the two countries will now be done in Chinese Yuan (formerly the U.S. Dollar) and will be convertible into Russian Rubles. The U.S. Dollar hegemony is waning.

#14:
June 17, 2015: The State of Texas has signed a bill that calls for the repatriation of their gold from the Federal Government. When asked what would happen if the government tried to steal back the gold, State Representative Giovanni Capriglione said this: There is a motto in the office of almost every state legislator in Texas, and it’s a flag that we have [from the Texas Revolution], it’s below a cannon and what the motto says is, “Come and Take it.”

#15:
June 17, 2015: Greece’s Hellenic Parliament’s Debt Truth Committee released a report stating that the debt Greece “owes” is illegal, illegitimate and odious, according to international law. Further, they stated the IMF and ECB (European Central Bank) having illegally and knowingly imposed these illegitimate debts upon Greece and other nations. A direct call out to the global banking cartel.

#16:
June 18th, 2015: Baron David de Rothschild has been indicted by a French court over financial fraud. French police have been ordered by the court to track down Baron. The Rothschild family has long been viewed as the family sitting atop the global financial ponzi scheme. Lawyer Antonio Flores told reporters, “it’s a real breakthrough moment for everyone involved.”

#17:
June 18, 2015: In a 2-1 ruling, the 2nd Circuit U.S. Court of Appeals says Bush era officials can be held liable for detaining innocent people after the 9/11 attack. Will this lead to some major arrests?

#18:
June 19, 2015: While European leaders try to save face on the debt crisis, Greek PM Alexis Tsipras was in Russia and gave a speech at the St. Petersburg Economic Forum, stating that “the economic center of the planet has already shifted” and that new powers are playing an “important role on an economic and geopolitical level.” Now re-read story header number 8… BRICS, anyone? Oh, and Greece and Russia signed a €2 billion gas pipeline deal that day too, a strategic economic and geopolitical game-changer.

#19:
July 5th, 2015: Greece votes “NO” to the creditors’ bailout offer. This is a massive stance for humanity that Greece just took against the banking elite. As of this writing, a “deal” has been reached but is expected to fall apart in the coming days. Kicking the can down the road does not solve the issue, but rather speeds up the revolution mindset of many frustrated Greek citizens. October is when many financial experts are saying that some fireworks are to be expected.

#21:
July 8th, 2015: On this day, several strange events occurred. The NYSE was taken down for multiple hours, the Wall Street Journal was taken offline just after the stock exchange went down, United Airlines was forced to ground all of its flights nationwide due to computer “issues,” and 2,500 people losing power in Washington D.C. This whistle-blower journalist just wrote that his Pentagon sources said the Pentagon/BRICS Alliance took it down as a “dry run.”

Topics tagged under 20 on Dinar Daily 39-Signs-the-Global-Elite%E2%80%99s-Ship-is-Sinking-3


#22:
July 7th, 2015: Backing up one day we see that the hacking group Anonymous tweeted this on the evening prior to the stock exchange hack: Wonder if tomorrow is going to be bad for Wall Street… we can only hope. David Wilcock has previously written a detailed document stating that Anonymous is working with certain patriotic US Military forces to legally take down the banking elite. This aligns nicely with what the whistle-blower journalist, Benjamin Fulford, just wrote this week about the Pentagon and BRICS Alliance in the previous story.

#23:
July 14th, 2015: Iran, China, Russia, France, Germany, the U.K. and the U.S. reach a historic deal on Iran’s nuclear program. Entire books could be written on the geopolitical, financial and technological implications of this move. There are also reports that the reality of this situation is that Iran has free energy technology and will be using this to help bring down the banking/political/oil industry elite. This would make sense as the strongest opponents to this deal have been Israel and its Prime Minister and several American politicians like the Bushes, Marco Rubio and Ted Cruz.

#24:
July 15th, 2015: Santa Cruz County votes to stop doing business with 5 major banks, including JP Morgan Chase, Barclays, Citigroup, Royal Bank of Scotland and UBS. Watch this set off a chain reaction in those who will follow suit.

#25:
August 11th, 2015: China (a very influential BRICS member) shocks the markets and the Wall Street banking cartel by devaluing the Yuan by 2%.

#26:
August 12th, 2015: China throws a second punch and devalues the Yuan by another 1.6 %. Two explosions, which are being labeled as nuclear by some, went off in Tianjin, China just 1 day after the bold currency move. As of this writing, 4 explosions have taken place and are suspected as retaliation against the Chinese by the Wall Street banking cartel.

#27:
August 13th, 2015: China devalues the Yuan for the 3rd consecutive day, down a total of 4.65%. As one financial expert wrote, this was “the haymaker.” In layman’s terms, China erased almost 5 years worth of “controlled appreciations” in 3 days. Thus, China (and the BRICS Alliance) just told Wall Street and Washington D.C./London, “we are in full control here and you will play ball by the rules.”

#28:
August 14th, 2015: China once again shocked the world by announcing an updated total of the gold reserves, just 29 days after their last update. In the past, they have updated their reserve total only every 5 or 6 years. Clearly, a transition to the gold standard is at hand. This is the last thing the fiat-based U.S. Dollar and central banking cabal wants and can afford.

#29:
August 24th, 2015: David Wilcock releases a new update stating that his inside sources are telling him the geopolitical situation playing out between the banking cabal and the BRICS alliance is reaching a crescendo.

#30:
August 28th, 2015: North Korea and South Korea agree to hold peace talks as North Korea’s Supreme Leader Kim Jong Un said the agreement is a “landmark occasion” in the road to “reconciliation” and “trust.” Is the banking cabal’s influence over South Korea being dismantled? Its well known they have long controlled South Korea and have infiltrated their governance as a means to keep the two Koreas divided. Secondly, the more that unity and peace spreads, the quicker the cabal falls…and they know this.

#31:
August 31st, 2015: In an article that I highly recommend, the author perfectly describes what China, Russia and the BRICS alliance are doing to the U.S. Dollar and thus to the banking cabal by China dumping billions of Dollars worth of U.S. Treasuries. I’ll leave you with this quote from the article: “China, Russia and much of the international community is signaling that they’re prepared and strapped in… they’re in the cockpit, and have punched their ‘hyper-drive.’ De-dollarization will quicken to warp speed. Eurasia is ready for this rocket ride to begin… and to benefit, on their balance sheets, from the gold (and silver) revaluations shortly to take place.”

#32:
September 1st, 2015: Vladamir Putin drafts a bill aimed at eliminating, yes eliminating, the U.S. Dollar and Euro from trade between CIS countries, which includes Russia, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

#33:
September 3rd, 2015: Guatemala erupts in protests calling for the resignation of their President. He does resign and is jailed in connection to a corruption scandal.

#34:
September 3rd, 2015: 34 Senators have committed to support the Iran nuclear deal, which again, is a huge blow to the cabal’s plans. In addition, Saudi Arabia’s King Salman visited Washington over the weekend and has given support to the deal as well. Saudi Arabia, who was once a strong ally to the Bush/Clinton/Israeli syndicate, has essentially turned its back on them.

#35:
September 3rd, 2015: The Japan Bank for International Cooperation announced that it is in the process of turning to currency swaps in rubles (and NOT U.S. Dollars) with several large Russian banks. Remember that Japan was of the two (the U.S. was the other) notable nations that did not join the Asian Infrastructure Investment Bank in late June. It seems as though major regime changes are taking place behind closed doors in Japan. Stay tuned.

#37:
September 6th, 2015: Over 105,000 people, including union leaders and Labour Members of Parliament, have signed the petition to arrest Israeli Prime Minister Binyamin Netanyahu for war crimes. Since the petition has reached over 100,000 signatures, the British Parliament must officially consider a debate on the situation.

#38:
September 6th, 2015: Neil Keenan released a new update regarding the global collateral accounts and the stage of the game he and his team are at in legally bringing down multiple very large banks and bankers. For those that don’t know, the global collateral accounts are the single largest financial cover-up in the world to date and have been illegally used and abused by many different banking institutions, governments and corporations. These accounts have strong ties to the assassination of JFK and to 9/11. I cannot over-emphasize the importance of learning about the global collateral accounts and passing that information on to others. Neil has said that it is expected to be around and possibly before January 2016 that very large fireworks (a positive for humanity) take place involving, all the big banks and several governments and corporations. The wait is coming to an end.

#39:
Now: You are here on the planet at this time to make a wonderful contribution. Please continue playing your role for the benefit of us all.

The Final Word

It is clear that something big is happening. Use this information to move forward with optimism and hope. Share with your friends. Discuss with your friends. Continue to search and dig for the truth. Two people I strongly suggest the reader looking into are Benjamin Fulford, the whistleblower who was the Asia Pacific Bureau Chief for Forbes Magazine and is listed in stories number 21 and 22, and Neil Keenan, who is working with many well-connected sources to open up the global collateral accounts. These accounts are what President Kennedy was reportedly assassinated over and are what the banking elite does not want the public to know exists.
This revolution WILL NOT be televised.


http://wakeup-world.com/2015/10/03/39-signs-the-global-elites-ship-is-sinking/
by RamblerNash
on Sun Oct 04, 2015 2:44 pm
 
Search in: CHATTER from DINARIANS
Topic: 39 Signs the Global Elite’s Ship is Sinking
Replies: 1
Views: 1865

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