News, Rumors and Opinions Sunday 8-30-2020
KTFA:
Re: MilitiaMan Post 8-29-2020 :
MilitiaMan: Level playing field with transparency is clear and concise! Part of Trumps plan and it is coming to fruition! It is bigger than we imagined by far!! -MM
Pete2001: MM, how does Trump get this done before the election. Unfortunately if he doesn't win don't see how this goes through do you? So he has to get this done by Nov. 3rd.What is the forcing mechanism regarding a date to implement? Hopefully there is one?
BillA: You can take this as rumor for now however the QFS block chain system has been operational since August 2nd. The old Swift system will be taken down on August 31st and the new QFS to begin FULL operations on September 1st. It is my opinion that the new Quantum Voting System using the same block chain principals (latest patent filed Feb/2020) is ready now. It is my understanding that it will take names from the voter rolls and match them with real people (No foreigners or made up voters), the USPS will then send information to all eligible voters on how to access the system to make their vote(s). It is also my understanding that the voting can be completed via smart phone, tablet or computer....... All of this of course is in my opinion. God Bless You
TNT
Yada: I would like to think that because of the activity taking place in Iraq and the banks here, that we are seeing the exchanges in just a few hours…. considering a few out there in Dinarland, the few on the same page as TNT, the banks in the US are ready for us to exchange, the white papers had been released by the CBI at least 4 weeks ago, the PM visit to the US yielded 11 billion in contracts with Iraq that require the RI. And the structure for the secondary market is in place where the other countries and corporations invest in Iraq's trade markets,,,,expecting it in the next few hours
Annie68: yada, your expectations are fine with me!! Let's go!!!
Isa52bc: read this article, I personally know several who profited on the Kuwait revaluation decades ago! http://www.gods-kingdom-ministries.net/daily-weblogs/2013/07-2013/ny-times-article-from-1991-reporting-the-revaluation-of-the-kuwaiti-dinar/
Isa52bc: I worked in the banking system during the Kuwait RV, I saw accounts increase dramatically!!!!! This system was devised for the rich to profit, however word got out to common people, that is why we dinarians are here today...we know what will inevitably transpire!!!
Isa52bc: The bank I worked in didn’t do exchanges, but we sure took on new customers at that time, with hefty deposits! Do some research as to the wealth that was attributed to the development of the internet and all those who “invested” in it...
Seatreasure3: I knew a banker who purchased Kuwaiti Dinar 10cents per dinar. Watch the market exchange 7.81 per dinar. This helps keep me positive. Keep in mind Desert Storm was a quick war, Iraq is a different animal !!! Its hard when you have been hoping and dreaming for year. Remember worth the wait, I promise !!!
Isa52bc: Seatreasure, isn’t it great to know we are next!!!!!!! With all the stalling in Iraq while they figure out a way to explain all the new found wealth
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NY Times article from 1991 reporting the revaluation of the Kuwaiti dinar
Jul 19, 2013
When Iraq invaded Kuwait in August of 1990, the value of the Kuwaiti dinar dropped to about 5 cents. In other words, it took 20 Kuwaiti dinars to buy one dollar.
In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world. When this occurred, the New York Times reported the event on March 25, 1991.
It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.
Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money....
All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
At the same time, the UN put Iraq under trade sanctions, crashing the value of the Iraqi dinar (IQD) from $3.22 to about 4000 to the dollar. Their currency could only be spent in Iraq itself, and people had to carry around wads of 25,000 dinar notes to buy groceries.
Then in 2003 coalition forces invaded Iraq and overthrew Saddam Hussein. By 2004 we gave them a new currency without Saddam's picture on it. The value soon doubled and went up to 2000 to the dollar. A few years ago the Central Bank of Iraq managed to stabilize the value at 1166 per dollar.
On June 27, 2013 the UN removed Iraq from Chapter VII sanctions, allowing Iraq to regain control of close to $80 Billion in frozen funds that had been sitting in western banks since 1990. This also allowed Iraq to be reinstated on the world's banking network, as soon as they are ready. At the same time many expect to see the IQD revalued at or near its former position.
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Courtesy of Dinar Guru
Frank26 Article: "Economist: The government must use the exchange rate of the dollar to overcome the financial crisis" ...they need to be 1 to 1. Quote: "the increase in the exchange rate in government banks contributes to eliminating the current crisis and maximizes state resources, at a time when IRAQ needs to make a boom in the banking sector."
Jeff comment: "Personally I think if it happens it will be when nobody expects. Possibly over the weekend, in order to maintain low speculation." ...it actually has to happen for Iraq on a Sunday morning which is exactly when Kuwait did it. They did it on March 24th of '91...It has to happen at the very beginning of Iraq's business banking week and Iraq's first business banking day of their week is their Sunday. Also it has to happen at a point in time when all financial markets are closed around the world to minimize/reduce and control market volatility...
Iraqi Dinar News 08/30/20 - still kicking butt
Pimpy’s Investment Chat: Aug 30, 2020
Kadhimi & Iraq PM's Clash in Secret Meeting
Currency 365: Aug 30, 2020