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The Yuan In The SDR
From Base To Gold
The IMF gives its blessing to China's controlled currency
Oct 8th 2016 | SHANGHAI |
WHEN Marco Polo travelled to China in the 13th century, he found that among its wonders was "the secret of the alchemists". Its imperial court could turn mulberry bark into money. It simply printed paper notes, decreed that people must accept them and killed counterfeiters.
For a Venetian used to gold coins, the world's first fiat currency was a marvel. Its value derived not from precious metal but from the credibility of the regime issuing it.
This month China achieved another kind of monetary alchemy: to fashion a global reserve currency out of one that, by a range of criteria, does not yet merit such status.
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Emailed to Recaps:
Note: We remember, and prayers for all the friends and family of these beloved Friends we have lost ....Rest in Peace:
We lost a great friend........I will miss him
Some of you old Timers knew Papajack
Thomas Linn Jack, 63, of Rimersburg, formerly of Indianapolis, went home to be with his Lord, October 5, 2016, after a short illness
**********
One of Dinarland's faithful, Jonathan Brown, known to us as Johnny Junk has passed suddenly from this life to be with his Lord, Jesus, on September 27, 2016. He diligently sought to find truth and the latest intel regarding the GCR/RV and passed it along as he could.
He now has a higher perspective on this but is still cheering us on to victory!
Please pray for his wife and 6 children who are stunned at his sudden passing. From a friend, Glad Tidings
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 10-07-16 Part 2 of 2
loop says():Parliament examines the exception of its members, "abandoning nationality acquired"
07/10/2016 23:04 Long-Presse / Baghdad Approaching parliamentary efforts, led by different blocks, display dual nationality law on the parliamentary vote, which would embarrass the three presidencies and senior officers and executives, and put them between my choice to resign or give up the citizenship gained.
And enthusiastic about the House of Representatives, who have no other nationalities, who make up the majority of members of parliament, to bring the bill to a vote after it went on reading it for the second time more than five months.
And re-host the parliament to Foreign Minister Ibrahim al-Jaafari, the issue of officials, diplomats Mzodji sexuality to the forefront again after the return of drawers parliament because of disagreements over its provisions.
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Post from Dinar Updates
Chat Room Excerpts & Highlights Dinar Updates Friday PM Chat 10-07-16 Part 1 of 2 rcookie says():More than 270 billion dollars wasted on fake projects
More than 270 billion dollars wasted on fake projects
Fri, 07 Oct 2016 17:06:49 # Algmehorah_uz Former Communications Minister Mohammed Tawfiq Allawi said that the number of projects lagging since 2003 until today has reached more than eight thousand more than the project (270 and cost) billion dollars.
He wrote Allawi on his personal blog that "more than 99% of these projects are lagging behind because of corruption, which are not government contracts transparent application instructions and open the way for all companies to provide, but it was agreed with specific companies in advance and is sober and agreed with them to pay large commissions,
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KTFA:
Jay: Family... The financial RULERS OF THE WORLD ARE AT THIS MEETING...
What could they be discussing ...???
Just an observation here: Starting today we have the world banking leaders meeting in DC.
3 to 4 weeks ago there was an article stating that Iraq would be meeting with the IMF on these dates (oct 7 to 9th) to discuss the progress on the SBA loans.
Today, as was stated earlier, there is no mention of Iraq being at these meetings. Add to that, Iraq called a holiday for Sunday. Not saying anything about a date, but it does make you wonder why...All imo.
Walkingstick:
IMF, World Bank to Hold Annual Meetings on Oct. 7-9 in Washington, DC
The Boards of Governors, the highest decision-making body of the International Monetary Fund (IMF), and the World Bank Group (WBG) will gather in Washington, DC on Friday to participate in their annual meetings.
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Dinar Update Friday AM Chat 10-07-16 Part 2 of 2 Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 10-07-16 Part 2 of 2 scarlet says():hellooo vip clay, how are you?
clay says to scarlet():doing well ty but would be better if we RVd already :)
clay says to scarlet():how about you
scarlet says():doing well ty, I really hope the rv happens soon myself, I used to be very involved in the whole deal, now I am taking a back seat.
clay says to scarlet():good for you smart
clay says to scarlet():I only come here during work in between patients
scarlet says():I think, (which does hurt sometimes, lol) that the main oil producers know that eventually oil, gas, will be a low demand, so they are sucking as much money as they can out of the oil now.
scarlet says():but they have had, what, ten years to do that?
clay says to scarlet():lol
scarlet says():i still pay 2.69 a gallon
clay says to scarlet():yep 2.29 here
scarlet says():it's un called for
clay says to scarlet():agree
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The below posts were in our 6pm newsletter
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 10-07-16 Part 1 of 2
JOIN US FOR "THE BIG QUESTION"
WHEN HUTCH ASK RCOOKIE, MR WHITE & GUEST THE BIG QUESTION
The question that everyone, everywhere wants to know !
TUESDAY NIGHT 10/11 7:00 cst 641-715-3640 pin# 528733 #
hutch says():NO RULES... HUTCH WILL ASK FOR YOU ALONG WITH HIS BIG QUESTION !
subgirl says to hutch():What does that mean???????
hutch says():I AM GOING TO ASK THE GUYS THE BIG QUESTION. YOU CAN ASK ANY QUESTION THAT YOU WANT.
BE SURE TO TUNE IN, ITS THE QUESTION EVERYONE HAS HAD FOR A LONG TIME ! NO RULES... NO BOUNDARIES!
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KTFA:
Thunderhawk: HUMONGOUS !!!!! See article below)
BACKDOC: THUNDER THIS MAY BE WHEN THE FED COMES OUT OF THE DIGITAL CLOSET TO OWN UP TO THE NEW REALITY WHICH THEY ARE ABOUT TO MAKE REALITY! HEE HEE
ISN'T IT INTERESTING THAT THEY COMPLETE THIS SPEECH ON THE DAY OF COMPLETION, THE 7TH! MMMM
WELL, WELL, THUNDER WE KEEP TRYING TO SHARE WITH THE FAMILY THAT REGULAR CURRENCY IS NOT THE SAME THING AS ASSET-BACKED DIGITAL CURRENCY!
THE TWO ARE NOT COMPATIBLE IN ANY WAY WHICH IS WHY CLS HAS CREATED A CONVERSION PROCESS TO THE FOREX PLATFORM!
CURRENTLY THEY STILL HAVEN'T OWNED UP FROM WHERE THE DIGITAL PLATFORM EXISTS FOR THESE CURRENCIES OR WHERE THEY ARE TRADING GOVERNMENT TO GOVERNMENT!
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KTFA:
BACKDOC: DIGITAL DANCE
GOOD EVENING FAMILY. I WANTED TO SHARE SOME THOUGHTS WITH YOU ON IRAN WHICH MAY HAVE OVERTONES WITH ITS' SHIA BROTHER AND POSSIBLY OTHER COUNTRIES AS WELL.
FOR STARTERS, THIS ARTICLE CONTINUES TO CONFIRM WHAT I HAVE SHARED IN THE PAST ABOUT IRAN. (See article below)
AS THEY STATE HERE, IRAN HAS BEEN USING A DUAL PAYMENT SYSTEM SINCE THEIR SANCTIONS WERE IMPOSED. WE'RE ALL AWARE OF IRANS FOREX VALUE WHICH CAN BE EASILY SEEN ON MOST CURRENCY APPS.
THEY CONTINUE TO STATE THAT THEIR FOREX VALUE WILL GRADUALLY WORK ITS WAY UP TO ITS REALITY VALUE OR FULL MATURE VALUE BY MARCH.
THEY STATE THEY HAVE BEEN IN THE PROCESS OF UNIFYING THE VALUE FOR SOME TIME AND WILL CONTINUE THE PROCESS UNTIL LATE MARCH.
MMMM AS THEY STATE, IT APPEARS MARCH IS WHEN IRANS' TWO PAYMENT SYSTEMS WILL BECOME ONE! MMMM
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WSOMN:
ADMINBILL : I SUGGEST THAT EVERYONE TAKE THE WEEKEND OFF AND CHECK IN ONCE OR TWICE DURING THE DAY. AFTER DISCUSSING THE RV TIMING WITH SEVERAL CONTACTS WE DO NOT EXPECT TO SEE MOVEMENT UNTIL TUESDAY AT THE EARLIEST. SHOULD THAT CHANGE I WILL YOU KNOW WITH PERIODIC UPDATES.
LadyZ: I find myself very very discouraged and ready to throw in the towel this morning. Seems this is going to drag on a lot longer
StillOkRocks: Someone posted this on tnt yesterday about Mr B, remember him? "Mr. B" says he thinks this may be our weekend! He thinks the Paris Agreement is tied to everyone going gold backed. He thinks final paperwork has now been completed. He stated this on the open mic call earlier today.
Horizon: Ladyz- the train cannot just sit at the station when special needs, first class and focus groups have already boarded...the line is getting shorter,
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Post From KTFA
KTFA Member Highlights & Excerpts 10-07-16 Part 2 of 2
Don96: Economic Page IMF reveals the number "scary" to the size of global debt
Ali Abdul Salman 36 06/10/2016 International Monetary Fund said on Wednesday that the world swim in size to $ 152 trillion in debt, but that did not prevent the record level of the organization to encourage some countries to increase spending to boost growth.
The IMF said in a report that the global public and private debt amounted to 225 percent of global economic output last year, up from about 200 percent in 2002.
The fund said that about two-thirds of the total debt in 2015, or about $ 100 billion owed to private borrowers, pointing out that the growth of private debt, usually lead to financial crises.
The report coincides with Christine Lagarde urged the Director of Monetary Governments of the Member States in a position to borrow and spend more fund to do so to boost growth, which suffers from a persistent weakness.
http://burathanews.com/arabic/economic/302433
Don961: Is there something in the works worldwide to stem the tide of all this debt ??chin-scratch_gif... IMO
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KTFA Member Highlights & Excerpts 10-07-16 Part 1 of 2
Don961 said (Post #112) Currency Auctions Announcement No. (3292)
The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraqon 6/10/2016 and the results were as follows:
DETAILS NOTES
Number of banks 29
Number of remittance companies 14
Auction price selling dinar / US$ 1182
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 135,754,750
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 135,754,750
Total offers for selling (US$) -----
$135,754,750 / ( 29 + 14 = 43 ) = $3,157,087 average per entity
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Thank FXStrategist for transcribing last night:
THE BIG CALL INTEL PORTION: 9:37 PM EDT
THE BIG CALL TRANSCRIPTION BY FXSTRATEGIST
GUEST: TANK
THURSDAY, OCTOBER 6, 2016 9:00 PM
BRUCE: Tank, here we are at the intel portion of the call. I'll go first, you add later. Disclaimer on rates or dates, but very very close to our turn to rise up and walk into the redemption centers. We're not calling it, and not saying when exactly. Rates: they are very high, we can privately negotiate for a period of time, approximately six days.
People in the storm areas who have had to evacuate (FL, GA, SC, NC) will have a special dispensation from WF, HSBC, and other exchanging banks. Econ1 evacuation of the coasts residents have an additional six days to exchange at the Privately Negotiable Rates. Abbot Downing representatives have had to completely pull out and gone to other inland cities.
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DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter or Facebook account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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