There is a financial event planned by the Elite (IMF!), possibly within the next three months. When I was briefed on this by my Elite friend a few weeks back – I was sworn to secrecy until I am told that I can talk.
PLEASE MONITOR LINDSEYWILLIAMS.NET. I will tell you everything soon. Hopefully you will have time to take action.
My Elite friend sent me the following email, the excerpt below I am allowed to give you:
[testimonial] [tentry image=”” name=”My Elite Friend” company=””] We have to remember this is the biggest financial event in the last 1,000 years at least from my perspective. Every person on the globe will be affected. It will cause starvation, riots and possibly even martial law. This is a big big event! [/tentry] [/testimonial]
Lindsey Williams
PLEASE SHARE THIS WITH EVERYONE YOU KNOW AND KEEP RETURNING TO LINDSEYWILLIAMS.NET!
TRUMP OR HARRIS – The war for the US and the World…
CONGRATULATIONS PRESIDENT TRUMP! Hi. I am James Harkin, and I am the webmaster of LindseyWilliams.net. I sent this as an email on Monday, November 4th, 2024, to all of the current subscribers to LindseyWilliams.net. I think a lot of the emails got blocked. So, I am creating this blog post that includes the entire email. […]
Finding Healing and Hope: Joanna Williams’ Heartfelt Journey at IBC Hospital
Discover Healing Beyond Medicine: Joanna Williams’ Journey at IBC Hospital Finding the right healthcare provider can often feel like searching for a needle in a haystack. Joanna Williams, the widow of the esteemed Pastor Lindsey Williams, knows this journey all too well. Since 2011, she and her late husband sought quality care, eventually discovering BioCare. […]
In Celebration of Lindsey Williams 01/12/36 – 01/23/23
“I have fought a good fight, I have finished my course, I have kept the faith.” – Lindsey Williams In Celebration of LINDSEY WILLIAMS January 12, 1936 – January 23, 2023 On Saturday, April 1, 2023, at FBC Fountain Hills dba Cornerstone Family Church in Fountain Hills, Arizona, there was a special Memorial service in celebration of […]
I can’t find where to purchase the Iraqi Dinar other than ebay. Any other suggestions?
https://www.dinartrade.com
they are in the USA you can purchase Iraqi Dinar from them
holywarrior,
How did you purchase the Iraqi Dinar? It’s probably worth a small gamble.
I have done my research about Iraqi Dinar the country itself have the second largest oil in the world so that’s an asset of a country but I have googled the investment in the Iraqi Dinar and have youtube the Iraqi Dinar I have made my decision I will be purchasing the currency.
Yes i have gold and silver also.
please do research good luck to everybody.
New shows in two parts:
Time Out: Lindsey Williams Global Devaluation (2013-12-06)
http://www.youtube.com/watch?v=0_fih9fWsGU
http://www.youtube.com/watch?v=HTCTizWwBSc
(ED: Thank you for letting me know I will put them up on the site shortly.)
QuestioningSanity…
I am purchasing a small amount, $135.00 (USA) to $100,000 (IQD). If it pans out – awesome! More silver leverage on the way! If it does’nt, not much lost.
Please understand, this whole World id wicked. I am very patriotic and love my country (USA). But I hate my government. It is’nt what it used to be. Satan has a hold of it and is being used to bring in the NWO.
I am merely utilizing a material resource of this wicked world to protect my family. Does’nt matter if we use the currency or the oil.
Really??? Im all for PM. But HolyWarrior….how can you have a clear concious buying gold or currency that likely calls out praises to Allah right on it?
I dont know much about the IQD but most of the currencies ive seen from over there praise Allah right on their front face.
Is that not the case here?
If it is….i couldnt hold it with a clear concious.
I’m purchasing the Iraqi Dinar. When it sky rockets up, I will exchange it and purchase more silver. I’ll get a double sky rocket for my money.
Oh my, what does one say?
It seems somewhat self-evident that a currency representing large petroleum-oil reserves has some seemingly intrinsic value, does it not? Of course!
So… let’s play that out a little. The government of the US is very deeply in debt. And, contrary to what is surfaced in the MSM, there are very many people within various parts of the US Federal government who are very perceptive. So, if there were to be some “reset” of currency values, might someone consider the notion that it may be fiscally prudent to stack WAREHOUSES FULL of IQD, in order to offset US Treasury debt? But, then, if there might be warehouses full of IQD, then, wouldn’t a GCR take into account all of the outstanding currency, before assigning any type of revaluation?
Please forgive me for being brutally clear: I think the IQD RV issue is 100% a prophecy/military cult problem. Does any thinking person really think that Pelosi, Putin, Legarde, and everyone else in-between, doesn’t see this?!?
I’m not suggesting that I necessarily think the IQD won’t appreciate as a result of a GCR, rather, I think it’s likely. But I expect something along the lines of 100% or less, as opposed to the cult like, baited-breath expectations of “making millions.”
This was part of a long answer from someone I found on the internet who has been right into the dinar business. He doesn’t rate it, as it is tight to the USD:
“The first thing to understand about the Iraqi dinar is that it is a currency that requires a reserve. Something needs to back the dinar for the currency to be worth anything. Iraq’s oil does not back the Iraqi dinar. The U.S. dollar backs the Iraqi dinar. This means that Iraq must have enough U.S. currency on hand to match the value given to the dinar. Currently Iraq’s money supply outside of the bank is over 30 trillion.
M1 money is physical money. M2 is physical and electronic currency. Iraq’s M2 is over 70 Trillion. This is according to the Central Bank of Iraq. (CBI) So the dinar gets its value from the Dollar. This is why the exchange rate is about 1166 to 1. If Iraq had less currency in circulation the dinar would be worth more. One thing about a revalue is that they will need enough US currency to back any value they place on their currency. The amount of currency in circulation plus the reserve amount (US Dollars) determines the overall value of the dinar. “
IQD isn’t going to do well. If the base supply is that large it would get revalued by creating a new currency then you could exchange the old old 10,000 notes for maybe 1 note of the new issue. Currency trading can net large profits if it’s done through carry pair trading but just outright buying IQD won’t net you any real gains. Carry trades involve leverage and interest rate differences in different currencies.
You’re not Dan Norcini, are you, by chance??
According to LW, all currenies will collapse in 1 to 1.5 year after the reset. I think by the time the reset occur, PM may not be available in the retail market. That’s why LW said you need to buy before Jan 2014.
So, as I think someone on this forum implied a few days ago, this reset is designed to be a temporary measure …. followed by a different solution.
My guess it will be a digital reserve currency, backed by gold and other assets [oil, agriculture…]
The Iraqi Dinar is a fiat paper currency backed by nothing. Why would you buy it? Dinars, the Vietnamese Dong, Bitcoin. All these are scams run by the Elite to distract you from buying tangible assets.
Also, why would a country make it’s currency massively valuable? That would make all of the stuff they export too expensive to buy.
Why not just buy something that would be used to back a currency like gold or silver, instead of a fiat currency like the dinar that might or might not be backed by something some day?
One day the gold and silver price suppression system will break, and you will be rewarded for your patience. Right now take advantage of the precious metals on sale.
Keep stacking.
I would have to say I disagree with your assessment. If there is going to be a global rest and the US is poised to loose a 30% stake in value, it would make clear sense that other currencies would gain in value, yes it is all fiat based currency but prior to the reset there is going to a transfer of paper denominated wealth/debt.
It’s unlikely they are going to let the bull “gold/silver” out of it’s cage until a devaluation of all currencies, this in itself would lead to a great opportunity to exchange a debased currency for one of stronger statue. China has been a very strong player in the past few years and they appear to have been gearing up for this as they have secured bilateral agreements with most other countries to make exchanges in gold, oil, yuan, etc..
Just a couple points:
1. If the Chinese or any exporting country have their currency suddenly become very expensive, wouldn’t that slam on the brakes on most of their industry, throwing millions out of work and setting up potential unrest.
2. Whatever currency gets to be the world reserve, it’s only going to last a short time, also if this revauluation does happen it may become very difficult to get your hands on physical (not paper) gold and silver.
3. Didn’t somebody say, if it written on a piece of paper it’s not worth the paper it’s written on.
4. Paper or digital currencies is one of the ways the Elite control you. They can jack with the prices eventually making them worthless, like they plan to do in as little time as a year. Don’t play their game.
1. China Does not need the US to purchase from them, They have a consumer base of 2 Billion people, the us is only 340 Mill.
2. What Williams has said is this is a rest, not an exchange of the Reserve currency, not yet anyways.
3. Currently it’s all written on paper, the world is covered in Fiat paper, and the US being the reserve currency has driven other countries to the edge of the cliff with their QE.
As a final point, this is not a permanent transition.
If the US dollar goes down 30 % and another currency increases 20 – 30%. Buy the currency, sell it after the reset and then buy Gold or Silver, seems like a
% 50 gain from where I am sitting.
Clark
Also for you Yuan fans:
http://www.zerohedge.com/news/2013-12-11/matter-stunning-perspective-china-money-creation-blows-us-and-japan-out-water
Well, it is very clear at this point that you did not listen to Lindsey Williams latest interview and him delivering his message. Isn’t that the reason why everyone’s here? Perhaps you should go and listen to what he has to say…
I am more interested in knowing what will the GCR’s effect on interest rate. According to LW, a raise in interest rate is what trigger the crash of the derivative market, which trigger the crash of all currenies of the world. But he also said the crash will not happend until 1 – 1.5 year after the reset.
I also agree that it’s pointless to make your bet on which currency will become the reserve. Just buy the currency of the elite (gold and silver).
This is a very interesting question, for this reason. The Fed has been controlling interest rates by buying up very large amounts of debt obligations, somewhere between $85 billion and $200 billion per month.
Because the USD is the world’s currency, the resulting dilutive effect is spread out over the whole world, and hence the accusation of the US “exporting inflation.”
As other nations and businesses use and hold fewer and fewer USD’s (i.e., as the USD dollar slips from reserve status), then the dilutive effect of the Fed’s profligate printing will be felt more acutely within the US.
I think the Fed will ratchet up its printing like the dickens, artificially supporting the US Treasury market, in an attempt to continue suppressing interest rates, specifically to forestall the final derivatives-based currency collapse.
Thanks for your reply. It makes a lot of sense. Inflation will come back to America from all over the world and it will push up interest rate.
The Feds are buying mortgage back securities @ 85 Billion a month, If the financial system collapses again, the banks are not going to get another bail out. If the banks become insolvent Who is going to hold the note on your home? The Feds! And if you fail to keep up with your payments the Feds will rent your house to you. Goodby home ownership !
Further clarifications on this dearly subject. Please check all the links listed in COBRA’s article regarding the GCR.
May the power be with us.
http://2012portal.blogspot.com
On his video with goldseek 25:49, the pastor says “RESET” NOT AN ECONOMIC COLLAPSE” …
Gents,
Lindsey says its a GCR, and that its a transition. Lindsey says there wont be any mass riots or doomsday scenario. Once they reset currency things will go back to normal. I have not heard Lindsay say to prepare for massive blackouts, riots, pandemic or etc. Just be smart during the next few months and after GCR things will go back to normal…No need to panic.
Mr. Schwartz,
The Chaplain did clearly say that there will not be rioting, or any “doomsday” scenario as a direct result of the GCR.
However, for those of us living within developed economies, things will absolutely and positively NOT “go back to normal.” The Chaplain takes great pains to explain that which is quite clear, the GCR will be the beginning of a very significant devaluation of many of the world’s currencies, and hence significant changes for many of us.
I do agree with you that it is important to be smart and to not panic, but it is highly disingenuous to claim, and fallacious to assume, that “things will go back to normal” after the GCR.
For those fortunate enough to be benefiting from the GCR (e.g., people in many “poorer” nations), things may be better and not worse, but I doubt that will be true for most of The Chaplain’s audience.
I think what LW was implying was, in the past “we” have just laid down and did absolutely nothing about the liberties that have been taken away from us so far, It would be unlikely we would do anything now.
The big obstacle is to get the 98% of people whom under all conditions refuse to accept that these items are planned. How many people in your own family will not listen to you?
Whatever currency is to become the new reserve will only do so by being backed by gold, so no point trying to guess what one it is,
it may be newly created and not available yet.
Better to have some gold(and silver)than swapping 1 fiat currency
for another atm.
Remember if its printed on a piece of paper its worth the paper
its printed on, all currencies atm are just pieces of paper.
This was published in 1988 in “The Economist”. Sounds very similar to what LW is describing is about to happen.
COVER: “GET READY FOR A WORLD CURRENCY”
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10
Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.
At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.
But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America’s trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.
In the past few days the world’s main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets (see page 62). Market-loving ministers such as Britain’s Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre’s embarrassing failure, the conviction remains that something must be done about exchange rates.
Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond 2018 – except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.
The new world economy
The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.
Alongside that trend is another – of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others’ markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets – becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology’s ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers’ paychecks.
In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.
As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.
The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect.
Pencil in the phoenix for around 2018, and welcome it when it comes.
I expect that’s what will come in a year or so – the final curtain call.
What will happen to the derivative bubble? Is the Global Currency Reset going to erase the derivative debt?
His take on the taper talk also matches LW’s:
“.. the Taper Talk trial balloon”
GOLD MARKET EFFECT
The Gold Trade Settlement system is moving closer to reality each month. No amount of pressure and obstruction can prevent its progress, its development, and its evolution. The movement to create a non-USDollar alternative to trade, with serious banking reserves management system consequences, will not be deterred or halted. The Global Currency Reset is an extremely complicated undertaking for the major nations of the world. Most people, and many analysts, believe it involves the currency market and the banking systems. That is true enough. However, my informed sources indicate that the entire Reset initiative involves around 8 to 10 very complex, very thorny, very disruptive factors. The fallout from the reset will bring changes to the world order, changes to the balance of geopolitical power, changes to castle lords, changes to Third World residence, and great unclear threats to nuclear proliferation. To regard the main items as currency exchange rates and defaulting banks is painfully naive, but all too prevalent. The reset initiative must be done with respect to careful agreements forged and delicate recalibration of the global balance of power. Both sides possess nuclear weapons and other nefarious devices like electro-magnetic pulse weapons.
The winner will be the Gold Market. The loser will be the United States, the United Kingdom, and Western Europe. These regions will tiptoe into the Third World if lucky, and fall head first into the Third World if not careful. They should have thought more fully about the Chinese Most Favored Nation pact back in 1999. The low cost solution as center piece to globalization effectively destroyed the Western economies, by removing the industrial core. It was far more carefully planned than the great majority of people believe. The ultimate goal in my opinion was to wreck the cradle of capitalism in the United States. The compromise was to create the newly industrialized Chinese superpower, which will fall victim to fascism soon enough. It is the natural course, given human nature and the proclivity toward corruption, inefficiency, power, and greed. The winner will be Gold. It will reign over banks again. It will serve as arbiter over trade again. Its bright yellow lights and strong whips will emanate from the East.
Dear JWsays,
Thanks for this.
http://news.goldseek.com/GoldenJackass/1386350553.php
When the Jackass and The Chaplain are saying the same thing, my ears go up!
Hello,
There has been a few people here considering purchasing currency and how to go about it.
I bank @ BofA you can purchase currencies online from different countries. They do not sell Dinar, but do offer Yuan and others. The only restriction is you can only purchase up to $ 10,000 in a 30 day period.
Check with your banks, I am sure they offer a similar option for their customers.
I hope this info is helpful.
Me again – sorry to dominate this forum…
I note that, from a cycles point of view, the odds are high that the US dollar is about to go much lower. I follow a cycles trader who has had a fairly successful year – and has been particularly accurate with the dollar. It has closely followed the cycle models over the different timeframes.
At this point he is confused, as he was anticipating a strong and prolonged upward move – yet is beginning to get signals that what we could well get is a deep drop.
Now, that makes me think that, if it’s intended that the dollar go down to about 60 [30%] it would make sense to let it get there gradually.
If fact, I want to see if currencies of asset rich nations start to rise, whereas the others fall. So that on the day, the collateral damage is limited.
The British pound, for example, has been rising against the Australian dollar [and I think people expect it to go further].
So we might expect a change to come soon with such currency pairs trends, and could even get a suggestion of timing from their movements. Say the USD index falls to about 70 – so that it only falls 10% on the day.
The key term is “asset rich”. The US supposedly (who knows?) has gold in fort knox. The US also has farmland, the US also produces gold. If we’re talking about a balance sheet in financial terms, it includes liabilities as well, then even debt can be classified as an “asset”. Anyway the US is the greatest debtor nation in the world by balance sheet calculations. What does this mean then, does it mean *every other currency* will rise against the US dollar in this currency reset? There are not many countries with a positive balance sheet. E.g. Australia has a negative net worth despite having the largest commodities boom in history, so what does it mean for other countries in this reset? Those with higher debt levels get reset lower than those with “not as high” debt levels? Anyway it seems like an almost certain bet *every* currency will rise against the US dollar.
Hi Mr. Fuller,
I am not a trader, and I do not have the perspective of a trader.
Having said that, it is my opinion that it is a mistake to look at the DXY as an indication of the value of the USD.
There aren’t very many currencies in that index. I think of it as a small group of people jumping up and down in an elevator that is falling.
More specifically, I think Japan is printing under duress from directive from the US, partially for this very index. I’m curious to see if Japan backs off its printing now that the US is not protesting China’s air defense identification zone.
Interesting times, eh?
Whoops. DEANCLIFFORD.INFO
In this current financial world of seemingly upside down value, I find myself wondering if the City of London’s pile of toxic sludge [mortgage backed securities] might [continue] to be deemed as assets….
100% Physical Silver in your possession is the only choice. I wouldn’t speculate on ANY fiat.
I am simple making an educated guess.
1. Congressmen that will be billionaires off of this currency? Can’t be Yuan- 6-1 conversion would mean they would have to have over 100 million bet on it?? Nope.
The ONLY currency that can do that WITH REAL ASSET BACKING(OIL) is the Dinar. Are there congressmen that have a million in it? LOTS
X That Million by 1200 is the BILLION mentioned. And– they will have diplomatic immunity to collect!
Could be the SDR but I don’t see as much of an upside.
I don’t think they will throw ultimate control to the Chinese by making it the Yuan. Too much old school tradition and old school Triad that could choose to not do what they want and say FU Jaboo!
Take Care ALL
If you want THE authority on common law rights- which I feel is really our only chance- study up-
deanclifford.net
Really- Who gives a shit what the traitors do. Keep Stacking.
Hey Ricardo, On your mention of the dinar, I did a search and came across this article:
http://thesedonaconnection.wordpress.com/qa-on-the-global-currency-reset/
Dave Schmidt claims the Iraqi dinar, Vietnamese dong & thirdly the Indonesian rupiah will gain tremendously with the Revaluation. 1st time I’m hearing this.
So 204 countries are participating. I would like to know which and if there are any countries that aren’t.
Karen, you mentioned in your earlier post that you are in Malaysia. Are you Malaysian than?
I don’t know how long you have been following LW, anyway if you go back to his older DVD series he has clearly mentioned time and time again to get out of paper of any sort. Get into tangible such as properties, fine arts, gold and silver. Get out of debt. No one knows how the reset is going to occur. I was trying to figure out by linking each country external debt vs GDP vs debt/GDP vs reserves and assets. Its just too complicated. One thing LW has hinted is that we must do something before 1 jan 2014. If you are in Malaysia get physical gold and silver as much as you can get hold on. Get your money out of the bank unless you are prepared to lose them. If you don’t have any contact to get physical gold and silver please feel free to contact me.
Hi Marathonman,
I’ve been following LW for about 3 years now, plus others too, so I’m well in tune to the lie we’re living in now. Have prepared and am preparing as best I can, and trying to spread the truth. Thanks for your concern, appreciate it.
Warm regards.
May the power be with us all. keep stacking Au n Ag. 🙂
Hi Ricardo,
I’m not quite following your logic on the examples of excluding the Yuan or supporting the Dinar by someone “making a billion dollars”.
First, please let me be clear that I am not saying that I think your ultimate conclusion is wrong, nor am I agreeing that it is right. It may or may not be the Yuan, and it may or may not be the Dinar. As I mentioned in a previous post, I’m thinking there won’t be a formal designation of any reserve currency, rather, it will be up to individuals and nations to decide which currency(-ies) to hold and in which to transact.
But, back to the examples. Today CNY/USD is roughly 6:1, as you cite. So I take one dollar and buy 6 Yuan. Then, as an example, let us hypothetically say that, during the reset, the exchange rate is reversed to 1:6. Then, each of my 6 Yuan would buy 6 dollars, ratcheting my “investment” up by 36 times.
Similarly, today IQD/USD is 1200:1. If during the reset, the exchange rate is reset to 1000:1, then my 1 dollar only becomes $1.20.
I don’t see the current exchange rates as being relevant to the future value.
Kind Regards,
Occasnl Trvlr
What Lindsey says in his video will take place but giving a date can hurt reputation. As mentioned after the currency reset they will devalue the dollar. The best example is when they implement the outrageous raise in minimum wage. Obviously it will lead to inflation in prices and layoffs, and that’s what will contribute to the collapse ahead, needless to say obamacare, and seizing of accounts.
Some of you need to stop honking your own horn and read!
The following will be the case with any large scale foreign currency exchange in you country. They will not allow any profiting on currency speculation. EXCEPT WITH DIPLOMATIC IMMUNITY! Listen to what he is SAYING.
http://2012thebigpicture.wordpress.com/tag/iraqi-dinar/#sthash.kfYsAaE3.dpuf
I came across that yesterday while I was researching the earlier subject of global reset applied to the Iraqi dinar – and wondered about it.
I think that rule would apply to American citizens [I’m in the UK] … but are there not other ways to capitalise on currency apparition [for example, IG Index and the like]?
Or just get some gold……
Ricardo,
I am going to go out on a limb here and say the Iraqi Dinar will NEVER be any sort of reserve currency, and you need to go back and do a little more research and stop spreading disinformation.
If Western based persons want foreign currency exposure they can use ETFs (which you could buy through a stock account or IRA). (Google the foreign currency of your choice and the word ETF). I still say tangible assets (guns, ammo, food, medicine, shelter, gold, and silver) are your first best defense to what’s coming, and then MAYBE if you have some left over dabble in a foreign currency ETF like CYB Yuan ETF or what currency you think might be the reserve currency like the Swiss Franc or whatever the Elite are going to ram down our throats.
Good Luck,
Mark
Yuan is not a freely convertible currency yet. I live in Hong Kong and people here could buy yuan with a limit of 20,000 per day. I am not sure if American could convert dollar to yuan easily.
The Chinese are offering a way out of this to their people overseas, as well as extending an olive-branch to us here in the US. They know it’s the government, not us.
http://www.bocusa.com/portal
One can deposit USD and convert to Renminbi without limit.
You could always buy the yuan ETF too which is CYB WisdomTree Dreyfus Chinese Yuan Fund. Seems like it follows the Yuan pretty well.
Of course that would just be part of the mix of assets mentioned above.