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6pm September 10th, 2016

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Table of Contents

Preparing for the Collapse of the Petrodollar System Part A #2 

Preparing for the Collapse of the Petrodollar System, Part A  Part 2 of 2
by Jerry Robinson

The U.S. Dollar would be pegged at a fixed rate to gold. This made the U.S. dollar completely convertible into gold at a fixed rate of $35 per ounce within the global economic community.

This international convertibility into gold allayed concerns about the fixed rate regime and created a sense of financial security among nations in pegging their currency's value to the dollar.
After all, the Bretton Woods arrangement provided an escape hatch: if a particular nation no longer felt comfortable with the dollar, they could easily convert their dollars holdings into gold. This arrangement helped restore a much-needed stability in the financial system.

Preparing for the Collapse of the Petrodollar System Part A #1

Preparing for the Collapse of the Petrodollar System, Part A  Part 1 of 2
by Jerry Robinson
Recently, there have been many news headlines containing the words "Iran", "nuclear capability", "Syria", and "Islamic State". If you listen closely, you can almost hear the drumbeats of a fresh war in the Middle East.
As an economist, I have been trained to view the world through the lens of incentives. (I am a "bottom line" kind of guy.) And just as every action is motivated by an underlying incentive, every decision has a related consequence.
This brief article details the actions, incentives, and related consequences that the United States has created through its attempts to maintain global hegemony through something known as  the petrodollar system.

News, Rumors and Opinions Saturday Afternoon 9-10-16


Frank26:  IMO .......... The more they take loans ........ The more profound is their need to RI/ RV .......It use to be for the last 12 years we GAVE them money .......... This is a different Species...  also remember KEYWORD normally is used to designate DRS

Don961:  Thanks Walkingswtick.....Well Iraq/CBI ... if you would increase the value of your currency , to say over a dollar per IQD .... perhaps the Dinar would be more in demand than the US  currency ... IMO

OneWildRide:  I think it was back in February Frank said oil needed to reach $45.00 a barrel. Now we see why!!!.... This is for you Frank!...TA freaking Da!!!

Frank26:  Yes we did ......... Dang u take good CC NOTES!!!    LOL

Walkingstick:  International Monetary suggested price of $ 43 oil in the budget deficit in 2017 and describes as "great"


Dr. Clarke Saturday Update & Comments 9-10-16


DR. CLARKE: Those that have Eyes, will SEE, and Those that have Ears, will HEAR:
If you are to read the printed articles about Iraq, and there are a plethora of printed news articles that come out from there daily - If, and we say IF - you were to read them all, see and hear, all the stated "facts" from all those sources, and base the timing and intention of Iraq substantially raising the value of their currency, the Dinar, strictly from these articles and news sources - you'd surmise the following, because this is what they've SAID in the articles for the public to read:
1. Iraq must first FULLY remove all of ISIS from the country, in order to move their Dinar rate, significantly higher.
2. The final battle to retake Mosul, is to begin next month in October, and hoped to be completed by December 31, 2016.
3. The 2017 Budget must be completed by the end of Sept, and sooner, if possible, with a date of the 10th as a possibility.

News, Rumors and Opinions Saturday Morning 9-10-16


GGee: Good morning everyone ing TNTland. I just want to give a word of encouragement to everyone. Sooner or later this baby will be born. We've hung in this long, continue to hang in. The train cannot continue to ride forever. It's got to come into the station one day or night: Let's be glad we have someway to know what's going on.

Jessie91:  Saturday UPDATE for September 10, 2016  It was reported that thousands were in the streets protesting demanding that Iraq complete the reforms....loaded cards DO NOT mean funded cards....progress is still in the making. Parliament's closed session should yield some interesting results that are anticipated in Sunday's Gazette. Time Will Tell. Don't happy!

WantingFreedom: I like the closed session of Parliament with looking to the Sunday Gazette


The below posts were in our 11am newsletter

BGG & MadDScout News Time 9-9-16  Part 3 of 3

BGG & MadDScout News Time
JETSET says():Could it be that there is another Shabibi sighting???
here is the link to the picture we are talkiung about
larrykn says():looks like him to me
cricket22 says to JETSET():Looks like him. :)
JETSET says():i believe it is him.
JETSET says():it makes sense that he would be there
JETSET says():[7:50 PM] JETSET: SIGR report! very important document

BGG & MadDScout News Time 9-9-16  Part 2 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday Late PM Chat   9-9-16   Part 2 of 3
BGG & MadDScout News Time 
BGG says to MadDScout():Isn't the Amman thing a review on how they are doing - complaince wise regarding the next installments of the first loan.??
DIGIman1 says():Whats your feeling on the parliament's progress? it seems their priorities are a little off sometimes...  another big break until the 20th now?
MadDScout says to BGG():Yes but have already given the dates of the next installments
2 before end 2016
Elane says():sorry for butting in.. can you recall the dates of those installments? if not no worries!

BGG & MadDScout News Time 9-9-16  Part 1 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday Late PM Chat   9-9-16   Part 1 of 3
NEWSTIME WITH BGG & Guest Friday, September 9, 2016
dinarstudent says():my first newstime ....
BGG says():Mine too.    WEEEEEEEEEEEEEEEEE!!!
MadDScout says():LOL
dinarstudent says():pop the champagne and bring in the cigars
magnetlady says():Im here BGG ready to go when you are.
BGG says():I guess I'm ready...
you all ready??
dinarstudent says():i am
JETSET says():(Tp)
Dinarian1 says to BGG():Just in time... Yes Im Ready!
MrsBGG says():Okay, it's News Time!! Whoo hoo!! You'all know the drill, please use your ?, if you have a question or comment; It makes it easier on the copiers and those following and reading; Thank you for your understanding!!
BGG says():OK - MadScout... you here??
MadDScout says ():Yes Sir

Post From Dinar Updates - 
Chat Room Excerpts & Highlights

larrykn says():400 US troops arrive in Iraq in preparation for the battle of Mosul
09/09/2016 12:47  Long-Presse / Baghdad  US forces in Iraq announced on Friday the arrival of 400 soldiers over the past week, in preparation for the battle to liberate Mosul (405 km north of Baghdad), from the control of the organization (Daesh).
Chief spokesman of US forces in Iraq, Lt. Col. John Dorian said in a press statement transfer site (Military Times) American, and I followed (the long-Presse), said that "additional force of 400 US troops have been sent to Iraq over the past week," noting that "preparations are underway now expected to launch an attack on the city of Mosul, expected to occur in the fall of this year 2016 ".

Bits and Pieces in Dinarland Late Friday Night 9-9-16


Rover :  A big hello to everyone..I normally lurk.. I have some good info..

1 hour ago I was at my bank..the major one..asked the TELLER if they were going to exchange the currency we all have. she said YES!!

She said they were told not to talk about it but I know her. Asked if this location would be exchanging said no but 15 min down the road they will be exchanging.

Would not discuss rates but said they were allowed to possess currency... they are allowed to exchange any currency they have...from the horses mouth..

Said this was suppose to go at 9 last night but a minor glitch..

Frank26, Aggiedad77 and KTFA Members Friday 9-9-16


Aggiedad77:  Frank you like things in threes.......three days you say the CBI will talk......what could they possibly have to say to the the the world.....and no less the IMF will be steering the ship (that was for you Frank....onboard the ship).....

We know the IMF has taken to heart all that Iraq has been doing.....what is it though that we have been expecting for over a month......a new governor.....

The IMF of course would have to bless this perhaps this is the guidance they will give.....bringing in a new gov.....who can give the GOI a just a way to show all the Iraqi people some love....

Oh there I go dreaming again.....IMO.  Aloha   Randy