Misc. Dinar Recaps 20 Misc. Dinar Recaps 20

Restored Republic via a GCR- Rumors as of Sept. 8, 2019

.Thank you Judy

Restored Republic via a GCR: Update as of Sept. 8 2019

Compiled 8 Sept. 2019 12:01 am EDT by Judy Byington

Below is a summary of information from the Internet. It would be up to the reader to do your own research and decide whether or not it was valid. This has finally come to be. I wish you well in your humanitarian efforts and look forward to seeing you again on the other side of the reset where together, we will make life better for all.

Judy Note: There has been no new intel since Friday Sept. 6. The Powers That Be have said that we could expect liquidity on Mon. Sept. 9. MarkZ’s Reno contacts felt that the 800#s could come out at any time and we would be able to exchange/redeem no later than Tues. Sept. 10, or Wed. Sept. 11. Others claimed sooner.

The beginning of Declass occurred when a report on former FBI Director James Comey was released 29 Aug. 2019. The FISA report would be released probably by mid-September.

Thank you Judy

Restored Republic via a GCR: Update as of Sept. 8 2019

Compiled 8 Sept. 2019 12:01 am EDT by Judy Byington

Below is a summary of information from the Internet. It would be up to the reader to do your own research and decide whether or not it was valid. This has finally come to be. I wish you well in your humanitarian efforts and look forward to seeing you again on the other side of the reset where together, we will make life better for all.

Judy Note: There has been no new intel since Friday Sept. 6. The Powers That Be have said that we could expect liquidity on Mon. Sept. 9. MarkZ’s Reno contacts felt that the 800#s could come out at any time and we would be able to exchange/redeem no later than Tues. Sept. 10, or Wed. Sept. 11. Others claimed sooner.

The beginning of Declass occurred when a report on former FBI Director James Comey was released 29 Aug. 2019. The FISA report would be released probably by mid-September.

A Sept. 30 deadline loomed for US Inc. to settle their international debts, the fiat US Dollar was then likely to crash, forcing a return to the Gold Standard, while the Federal Reserve and Internal Revenue Service would close the door on their private ownership by the Queen’s Bank of London, Vatican Bank and Central Banks across the globe.

The Military was on High Alert with expected major political and economic changes, disclosures on and arrests of major figures, plus mass arrests, trials and tribunals worldwide through Dec. 2019.

B. Rumored Events:

Thurs. Aug. 29 2019: A report on former FBI Director James Comey was released – the beginning of Declass.

Fri. Aug. 30 2019: From Camp David Trump issued an Executive Order that established a National Quantum Initiative Advisory Committee.

Sept. 2019: Market participants were betting on a huge, seismic shock to the financial system during the month of Sept, after which the IMF would announce a Global Gold Treaty calling on all countries to use the Gold Standard. The Military would on High Alert with expected major political and economic changes, disclosures on and arrests of major figures, plus mass arrests, trials and tribunals worldwide through Dec. 2019.

Wed. evening Sept. 4 2019: the RV became a go, again, after multiple boxes of counterfeit Zim Bonds used for international trading (not the bonds we held) were discovered in Asia, Europe and the Americas. As a result, hundreds of perpetrators were arrested from Sun. Sept. 1 through Fri. Sept. 6.

Mon. Sept. 9 2019: We would all go at once and could expect liquidity on Mon. Sept. 9.

Wed. Sept. 11 2019: was the Back Wall to set appointments for Zim redemption and completion of Private Currency Exchanges, while the general public could likely begin exchanging on that same date. All larger notes of revamping currencies were due off the street. Wed. Sept. 11 was also a possible deadline to announce the Restored Republic.

Sun. Sept. 15 2019: Anticipated that the FISA report would be released “probably by mid-September.”

Sat. Sept. 30 2019: End of the fiscal year. For some time US Taxpayer monies had been sent to the new US Treasury in Reno, though 30 Sept. officially ended the IRS. A U.S. corporate government’s international payments deadline loomed on 30 Sept. With a fiat Federal Reserve dollar and funding yet to be secured, bankruptcy was a likely event for the Federal Reserve.

Tues. Oct. 1 2019: General Dunford would step down after the Army Generals had secured the Republic. Zim Bond payouts would begin on Oct. 1.

Jan. 1 2020: A National Retail Sales Tax Code would become effective, replacing the bankrupt Federal Reserve and IRS tax system. A 17% tax was expected to be levied on new items only, with no tax on earnings, food or medicine. On July 3 President Trump had signed an Executive Order, content unknown, covering tax laws until Jan. 1 2020. Jan. 1 2020 was also the date for a reset of a Second Basket of foreign currencies.

********************

C. WARNING on 800#s: When you call an 800# DO NOT give out the serial numbers of your currency or bonds, nor how much you had. The only thing the person or computer on the other end of the line would need to know was the zip code where you wanted to redeem/exchange and what you had (Zim, Dinar, Dong, etc.) so you could be directed to a Redemption Center in the proper area.

*********************

D. Release of 800#s: So we could have a firm grip on our appointment strategy prior to going in, important information on how to exchange and redeem for participants worldwide would be made available on certain websites authorized to publish the 800#s.

If you obtained your appointment through an 800# to exchange at a certified Redemption Center you would automatically receive the Contract Rates (with the exception of Zim holders, whose bonds were worth so much that Contract Rates were saved for others).

The 800# appointments for special Contract Rates would only be available for a short period of time. After that you would need to exchange at a regular bank at a rate appearing on the Forex at the time.

Private Exchanges for Contract Rates and Zim Redemption Center appointments would only be available until Wed. Sept. 11. After that the gold backed Zim Bond would still be as valuable, though you would need to make arrangements to redeem it.

Make sure any 800# you received through phone, email or otherwise was also present on these approved websites:

Dinar Chronicles: http://www.dinarchronicles.com/tetelestai.html
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ Calls: https://www.twitch.tv/theoriginalmarkz
MarkZ website: theoriginalmarkz.com
MarkZ Twitter: m.twitter.com/originalmarkz
Bruce: bigcalluniverse.com https://www.iqdcalls.com/The_Big_Call.html
TNT Tony: https://twitter.com/the_tnt_team

Courtesy of Dinar Chronicles

https://inteldinarchronicles.blogspot.com/2019/09/restored-republic-via-gcr-update-as-of_8.html

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Advice, Misc. DINARRECAPS8 Advice, Misc. DINARRECAPS8

.You’re Thinking About “Financial Security” The Wrong Way

 .You’re Thinking About “Financial Security” The Wrong Way

By Khe Hy the creator of RadReads.

“Nah, I’m going to wait a year.”

Every winter, my hedge fund manager friend stares at a new set of golf clubs, almost buys them, and then punts until the following year. Why? His three kids are self-sufficient adults, his fund’s doing well, and he’s not a big spender. But he’s got a nagging fear. A fear that one day he’ll be broke. And so, the golf clubs will have to wait. He’s waiting to reach an elusive goal: financial security.

Having spent 15 years on Wall Street, I’ve grown accustomed to these successful folks who are “bracing” for their worlds to come crashing down. They’re smart, humble, and often from modest roots.

They believe in “The Number,” a mythical amount in their bank account where they can stop worrying. But The Number never arrives.

Money Messes With Our Minds

Money is notorious for causing smart and rational people to make questionable decisions. Let’s start with the definition of financial security. We’d probably agree that it means the ability for you (and your family) to acquire shelter, food, clothing, and healthcare. Or more bluntly, to survive — no one wants to put themselves and loved ones in danger.

 You’re Thinking About “Financial Security” The Wrong Way

By Khe Hy the creator of RadReads.

“Nah, I’m going to wait a year.”

Every winter, my hedge fund manager friend stares at a new set of golf clubs, almost buys them, and then punts until the following year. Why? His three kids are self-sufficient adults, his fund’s doing well, and he’s not a big spender. But he’s got a nagging fear. A fear that one day he’ll be broke. And so, the golf clubs will have to wait. He’s waiting to reach an elusive goal: financial security.

Having spent 15 years on Wall Street, I’ve grown accustomed to these successful folks who are “bracing” for their worlds to come crashing down. They’re smart, humble, and often from modest roots.

They believe in “The Number,” a mythical amount in their bank account where they can stop worrying. But The Number never arrives.

Money Messes With Our Minds

Money is notorious for causing smart and rational people to make questionable decisions. Let’s start with the definition of financial security. We’d probably agree that it means the ability for you (and your family) to acquire shelter, food, clothing, and healthcare. Or more bluntly, to survive — no one wants to put themselves and loved ones in danger.

1_JBwpy_MRh6XhTca9yXM-DA[1].jpeg

Think about the word survival. As I type it, my palms are getting sweaty and my heart rate is increasing. Survival triggers our threat-detection response,which has done wonders for us as a species from an evolutionary perspective, but may have outlived its usefulness in our modern society.

Think about your last major screw up at work. Did you think that you might get fired? Did you feel like your survival was at risk?

One of the benefits of modern society is that covering your basic needs is a pretty low bar. I’m going to go out on a limb and say that if push came to shove, many RadReaders’ survival would not be at risk.

I know what you’re thinking “Well, what if I got fired? I could end up broke and on the street.” That’s probably unlikely. Many of us could move into our parents’ places; or we could significantly downsize our homes/expenditures, and get a job that provided health insurance.


Many of those things sound unappealing. Moving in with mom and dad at 38 is not particularly crushing it. But it does meet the minimum threshold of our “ability to acquire shelter, food, clothing, and healthcare.”

Why’s this so confusing? Besides the fact that our threat-detection reflex impairs decision-making, we often confuse financial security and what I’ll call a life well lived.

To continue reading, please go to the original article at

https://radreads.co/youre-thinking-financial-security-wrong-way/

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Advice, Misc. DINARRECAPS8 Advice, Misc. DINARRECAPS8

.What Do I Want My Money to Do For Me?

.What Do I Want My Money to Do For Me?

Posted September 1, 2019 by Ben Carlson

Sometimes branding is everything in life.

Life insurance didn’t take off until they changed the name from death insurance.

Escargot sounds more appealing than eating snails.

Global warming might be more concerning to more people if they called it planetary destruction or something that’s not so warm and fuzzy.

Budgeting probably has the worst branding of any topic in the personal finance realm.

Most people HATE budgeting.

What Do I Want My Money to Do For Me?

Posted September 1, 2019 by Ben Carlson

Sometimes branding is everything in life.

Life insurance didn’t take off until they changed the name from death insurance.

Escargot sounds more appealing than eating snails.

Global warming might be more concerning to more people if they called it planetary destruction or something that’s not so warm and fuzzy.

Budgeting probably has the worst branding of any topic in the personal finance realm.

Most people HATE budgeting.

They hate the idea because it feels restrictive. They hate the process because it makes them afraid to admit where are their money is actually going. And they probably hate the word because budgeting doesn’t sound like something that’s fun to try.

It’s also a topic that doesn’t get enough play in the financial advice arena.

There is plenty of advice out there about markets and investing.

There are plenty of blogs about paying down debt and saving money.

There are very few people who give advice about how to spend money.

Most people assume budgeting is about saving money but it’s really about how you choose to spend your money. One of the better books I’ve come across on the topic is You Need a Budget by Jesse Meachum. Jesse does a wonderful job of re-framing the budgeting conversation.

He made three points worth highlighting:

Design your financial life around your priorities. There’s an old adage that personal finance people use that goes something like this: if you want to know where your priorities lie, take a look at your checkbook and your calendar. We might have to update this to say banking app instead of checkbook but you get the idea.

Meachum rightly talks about the importance of prioritizing your spending:

Without a budget you have no way to prioritize your spending. You often don’t even know where your money is truly going. You may stress about not being able to afford what’s important to you while you simultaneously spend on things you’d willingly nix if you could see the trade-offs. That’s the beauty of a (good) budget: it lets you see exactly how your spending affects the rest of your life.

The goal isn’t necessarily to track every expense down to the last penny. But you should have some sort of spending plan that takes into account your priorities, needs, and current financial circumstances.

To continue reading, please go to the original article at

 https://awealthofcommonsense.com/2019/09/what-do-i-want-my-money-to-do-for-me/

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Advice, Misc., Personal Finance DINARRECAPS8 Advice, Misc., Personal Finance DINARRECAPS8

.How to Use the Compounding Technique to Reach Success

How to Use the Compounding Technique to Reach Success

By Sim Campbell

Imagine this: a wealthy man gives you two choices. He will gifts you a million dollars in liquid cash right now…or a penny doubled every day for 30 days. Which one would you choose?

“I’d take the million…gimme, gimme, gimme!”

I can see you salivating right now. But…not so fast.

Wouldn’t you rather consider the penny?

“C’mon. It’s just a penny.”

Ah… that’s where you’re wrong.

How to Use the Compounding Technique to Reach Success

By Sim Campbell

Imagine this: a wealthy man gives you two choices. He will gifts you a million dollars in liquid cash right now…or a penny doubled every day for 30 days. Which one would you choose?

“I’d take the million…gimme, gimme, gimme!”

I can see you salivating right now. But…not so fast.

Wouldn’t you rather consider the penny?

“C’mon. It’s just a penny.”

Ah… that’s where you’re wrong.

It’s just a penny – but that’s all you usually start out with. If you took the choice of the penny doubled every 30 days, you’d be a multi-millionaire at day 30. To the tune of 10 million dollars to be exact. Do the math if you doubt it.

“But that’s not possible!”

But it is possible. It’s the only thing that’s possible. It’s the slight edge.

The Subtle Power of the Slight Edge

The book The Slight Edge by Jeff Olson describes how small, seemingly insignificant choices have a massive impact on us down the line. He uses the example of the penny to get his point across sharply.

Continuous actions over time lead to vast advantages…or disadvantages. This “edge” is the differentiating factor between those who blow life wide open and those who find themselves getting tossed about like a leaf in the wind.

You see, our actions don’t occur in a vacuum. They build upon past actions of a similar nature.

You start with one. One becomes two. Two becomes four. So on and so forth. It gets easier to build off of a foundation.

This is how habits such as discipline are created.

Because of this…the slight edge is great! But – it works in the opposite direction as well. If you indulge in bad habits and self-destructive behavior, you will find it easier to do those things over time.

Your successes and failures compound on each other.

But here’s the thing: this is so subtle. By the time you realize what has happened – your results are already evident.

This is why success is not an accident. Sadly, failure is not an accident either. In fact, they’re separated by a fine line. The line is what you do or fail to do consistently over a given period of time.

 The Importance of the Slight Edge

To continue reading, please go to the original article at

https://wealthygorilla.com/compounding-technique-reach-success/ 

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Simon Black, Advice, Misc., Gold and Silver DINARRECAPS8 Simon Black, Advice, Misc., Gold and Silver DINARRECAPS8

.Here’s A Really Unique Way To Own Gold

.Notes From The Field By Simon Black

September 5, 2019   Bahia Beach, Puerto Rico

Here’s A Really Unique Way To Own Gold

Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion-- gold you can hold in your hand.

With physical gold, there’s no middleman standing between you and your wealth. And when properly stored, it’s very difficult for some frivolous creditor or out-of-control government agency to steal it.

When it comes to physical gold, I explained that I prefer gold coins over gold bars.

Gold bars are completely non-uniform. A typical 400-ounce gold bar (like the ones you see in the movies, or that you imagine are stacked up in Fort Knox) could weigh as little as 350 ounces, or as much as 430 ounces. They’re all different.

Notes From The Field By Simon Black

September 5, 2019   Bahia Beach, Puerto Rico

Here’s A Really Unique Way To Own Gold

Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion-- gold you can hold in your hand.

With physical gold, there’s no middleman standing between you and your wealth. And when properly stored, it’s very difficult for some frivolous creditor or out-of-control government agency to steal it.

When it comes to physical gold, I explained that I prefer gold coins over gold bars.

Gold bars are completely non-uniform. A typical 400-ounce gold bar (like the ones you see in the movies, or that you imagine are stacked up in Fort Knox) could weigh as little as 350 ounces, or as much as 430 ounces. They’re all different.

On the other hand, 1-ounce Canadian Gold Maple Leaf coins are generally all the same. They’re uniform… minted and crafted to the exact same standard.

The uniformity of gold coins like the Canadian Maple Leaf makes them much easier to buy/sell.

If you want to buy or sell a gold bar, it has to be weighed and assayed with special equipment first. But if you want to buy or sell a Maple leaf, it’s simple-- because the coins are pretty much all the same.

Now, there’s one special sub-category of gold and silver coins that are worth mentioning: collectible coins.

Collectible coins, just like Canadian Maple Leaf coins, have value because of their gold or silver content.

But collectibles also have additional value for their rarity.

Whereas the Royal Mint of Canada produces new Maple Leaf coins every single year, no one can go back in time to mint more Venetian gold ducats from the 14th century.  There are only a fixed number of those coins in existence.

Because of that, collectible coins sell for a significant premium to the value of their gold or silver content.

This concept of ‘premium’ is an important one: ALL coins, whether a rare coin or a bullion coin like a Canadian Maple Leaf, generally sell for an additional amount above the gold price.

That’s because, unlike a gold bar which is simply poured into a cast (and rather unevenly at that), a coin has a lot of craftsmanship that goes into the minting process. It’s more expensive to produce, therefore it costs a bit more.

That premium can be between $20 and $150 per coin.

To continue reading, please go to the original article at

https://www.sovereignman.com/investing/heres-a-really-unique-way-to-own-gold-25537/

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Misc., Advice, Tip of the Day DINARRECAPS8 Misc., Advice, Tip of the Day DINARRECAPS8

.More Money, Less Happiness: When Money Makes You Miserable

.More Money, Less Happiness: When Money Makes You Miserable

By  Michael Laurence    August 2019   

Money, the conventional wisdom says, doesn't buy happiness. Modern psychology seems to back this up, with studies suggesting that beyond an income of $75,000, money doesn't make you any happier.

This conclusion is simultaneously obvious and counter-intuitive.

As an abstract principle, most us acknowledge that money doesn't buy happiness. But, at the same time, we all want more of something material — a nicer house, nicer vacations, the ability to live in a certain neighborhood or eat at fancier restaurants — that we think would make us happier. (If you're J.D., you think maybe season tickets to your favorite team might make you happier.)

So, we're left with a conundrum. Or, rather, a series of conundrums: Does income in excess of $75,000 make us happier? And if not, why not?

When Money Makes You Happier

More Money, Less Happiness: When Money Makes You Miserable

By  Michael Laurence    August 2019   

Money, the conventional wisdom says, doesn't buy happiness. Modern psychology seems to back this up, with studies suggesting that beyond an income of $75,000, money doesn't make you any happier.

This conclusion is simultaneously obvious and counter-intuitive.

As an abstract principle, most us acknowledge that money doesn't buy happiness. But, at the same time, we all want more of something material — a nicer house, nicer vacations, the ability to live in a certain neighborhood or eat at fancier restaurants — that we think would make us happier. (If you're J.D., you think maybe season tickets to your favorite team might make you happier.)

So, we're left with a conundrum. Or, rather, a series of conundrums: Does income in excess of $75,000 make us happier? And if not, why not?

When Money Makes You Happier

In answer to the first question, I believe that all else equal — and as we'll see below, this is a huge qualifier, as things are rarely equal — more money generally makes you happier.

To be clear, money won't solve every problem. If you're lonely or bitter or angry, for instance, more money won't make you any happier. But just because money doesn't solve every problem doesn't mean that money won't solve any problems.

Money can make many things easier, or better. With more money you can:

Build a nest-egg.

Pay off your house or car.

Go on more vacations.

Have more kids.

Be a stay at home parent.

Eat better food.

Retire early.

With more money, you can do any number of other things that people enjoy and that make them happier. And if you're a victim of systemic poverty, more money can change your world.

As much as we pay lip-service to the idea of money not making us happy, it often does, and it's okay to admit this. It doesn't make us materialistic or greedy to want retirement savings, a nicer home, a paid-off car, or a trip to Europe.

When Money Makes You Miserable

Assuming that you buy the premise that (in theory) more money should (generally) make us happier, it raises the question of why (in practice) income beyond $75,000 annually doesn't make us any happier.

I think the explanation for this seemingly irreconcilable conflict is that most people spend the extra income poorly. Most people use money ways that make them less happy.

To continue reading, please go to the original article at

https://www.getrichslowly.org/more-money-less-happiness/

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Misc., Economics DINARRECAPS8 Misc., Economics DINARRECAPS8

.The Invention of Money

The Invention of Money

By John Lanchester July 29, 2019

When the system buckles, how do we know what money is really worth?

In three centuries, the heresies of two bankers became the basis of our modern economy.

When the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain.

One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260. Polo could hardly believe his eyes when he saw what the Khan was doing:

The Invention of Money

By John Lanchester July 29, 2019

When the system buckles, how do we know what money is really worth?

In three centuries, the heresies of two bankers became the basis of our modern economy.

When the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain.

One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260. Polo could hardly believe his eyes when he saw what the Khan was doing:

He makes his money after this fashion. He makes them take of the bark of a certain tree, in fact of the mulberry tree, the leaves of which are the food of the silkworms, these trees being so numerous that whole districts are full of them.

What they take is a certain fine white bast or skin which lies between the wood of the tree and the thick outer bark, and this they make into something resembling sheets of paper, but black. When these sheets have been prepared they are cut up into pieces of different sizes.

All these pieces of paper are issued with as much solemnity and authority as if they were of pure gold or silver; and on every piece a variety of officials, whose duty it is, have to write their names, and to put their seals.

And when all is prepared duly, the chief officer deputed by the Khan smears the seal entrusted to him with vermilion, and impresses it on the paper, so that the form of the seal remains imprinted upon it in red; the money is then authentic. Anyone forging it would be punished with death.

That last point was deeply relevant. The problem with many new forms of money is that people are reluctant to adopt them. Genghis Khan’s grandson didn’t have that difficulty.

He took measures to insure the authenticity of his currency, and if you didn’t use it—if you wouldn’t accept it in payment, or preferred to use gold or silver or copper or iron bars or pearls or salt or coins or any of the older forms of payment prevalent in China—he would have you killed. This solved the question of uptake.

Marco Polo was right to be amazed. The instruments of trade and finance are inventions, in the same way that creations of art and discoveries of science are inventions—products of the human imagination. Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world.

To continue reading, please go to the original article at

https://www.newyorker.com/magazine/2019/08/05/the-invention-of-money

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Misc., Simon Black DINARRECAPS8 Misc., Simon Black DINARRECAPS8

.Think About This If You Own Hong Kong Dollars

.Notes From The Field By Simon Black

September 3, 2019   Bahia Beach, Puerto Rico

Think About This If You Own Hong Kong Dollars

On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island.

Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war multiple times to keep control of the island.

In 1898 the two empires signed a lasting peace treaty whereby Britain agreed to turn the island over to China in 1997. And Hong Kong prospered for decades under British rule.

But by early 1980s, Hong Kong started experiencing more turbulent times.

Notes From The Field By Simon Black

September 3, 2019   Bahia Beach, Puerto Rico

Think About This If You Own Hong Kong Dollars

On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island.

Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war multiple times to keep control of the island.

In 1898 the two empires signed a lasting peace treaty whereby Britain agreed to turn the island over to China in 1997. And Hong Kong prospered for decades under British rule.

But by early 1980s, Hong Kong started experiencing more turbulent times.

International businesses, bankers, and traders were becoming concerned about the Chinese handover that would take place 15 years later.

And when China’s Deng Xiaoping expressed his desire to hit the gas pedal on Hong Kong’s return to China, investors panicked.

Between September 1982 and September 1983, the Hong Kong dollar lost 25% of its value against the US dollar. Within a week, by early October, it had lost another 15% of its value. And it continued losing ground by the day.

The currency was in free-fall. So in mid-October 1983, the Hong Kong government stabilized the currency by fixing the exchange rate to the US dollar.

It has remained that way for the past 36 years.

This ‘pegged’ exchange rate provided a lot of benefit to Hong Kong back then, helping cement its status as an international financial center.

And I’ve been writing about this for years: the pegged exchange rate means that the Hong Kong dollar has all the benefits of the US dollar, without any of the baggage.

The US dollar has international recognition and stability. Hong Kong’s currency is pegged to the US dollar, so it shares those benefits too.

But while the United States is drowning in debt with $50+ trillion in unfunded pension liabilities, Hong Kong has massive financial reserves, positive cash flow, and a healthy current account surplus.

To continue reading, please go to the original article at

https://www.sovereignman.com/trends/think-about-this-if-you-own-hong-kong-dollars-25532/

To your freedom, Simon Black Founder, SovereignMan.com

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Misc. DINARRECAPS8 Misc. DINARRECAPS8

.Global Cryptocurrency ? By MY LADIES

.Global Cryptocurrency ?

By MY LADIES 8/25/19

Emailed To Dinar Recaps

HELLO FOLKS, HOW ARE WE ALL DOING THIS WEEKEND? I WANT TO TALK TO EVERYONE ABOUT A FEW INTERESTING THINGS COMNG OUT OF JACKSON HOLE THIS WEEK.

THE NEW BUZZ BEING A SPEECH GIVEN BY MARK CARNEY, THE BANK OF ENGLAND GOVENOR. CARNEY HAS ALWAYS BEEN A PIONEER OF BLOCK CHAIN AND DIGITAL CURRENCIES, HERE IS THE SPEECH HE GAVE ABOUT FINTECH BACK IN 2016

Global Cryptocurrency ?

By MY LADIES 8/25/19

Emailed To Dinar Recaps

HELLO FOLKS, HOW ARE WE ALL DOING THIS WEEKEND? I WANT TO TALK TO EVERYONE ABOUT A FEW INTERESTING THINGS COMNG OUT OF JACKSON HOLE THIS WEEK.

THE NEW BUZZ BEING A SPEECH GIVEN BY MARK CARNEY, THE BANK OF ENGLAND GOVERNOR. CARNEY HAS ALWAYS BEEN A PIONEER OF BLOCK CHAIN AND DIGITAL CURRENCIES, HERE IS THE SPEECH HE GAVE ABOUT FINTECH BACK IN 2016

https://www.bankofengland.co.uk/speech/2016/enabling-the-fintech-transformation-revolution-restoration-or-reformation  

AND THIS WEEK HE’S SPEAKING OUT ABOUT A GLOBAL MONETARY SYSTEM TO REPLACE THE DOLLAR.

CARNEY HAS ALWAYS BEEN A TRAIL BLAZER IN FINTECH HERE FROM 2016.

On June 16th the Bank of England quietly published Carney’s Mansion House speecH, the Bank’s most important. In it, he laid out an ambitious vision for how fintech and blockchain could transform the global financial system and UK economy.

He argued, “For everyone, fintech may deliver a more inclusive financial system, domestically and globally; with people better connected, more informed, and increasingly empowered.”

Carney also announced the bank was piloting a central bank digital currency project. With a “Britcoin” the Bank of England could better defend against crises like BREXIT, prevent financial crimes, encourage honest competition, foster innovation and financial inclusion and boost growth.

https://www.forbes.com/sites/alextapscott/2016/07/25/mark-carney-has-started-a-revolution-by-embracing-fintech-and-blockchain/#6b5fe68e4587

 THIS WEEK CARNEY SAID THE WORLDS RELIANCE ON THE US DOLLAR “WON’T HOLD” AND NEEDS TO BE REPLACED BY A NEW INTERNATIONAL MONETARY AND FINANCIAL SYSTEM BASED ON MORE GLOBAL CURRENCIES.

HE USED HIS SPEECH ON FRIDAY TO LAY OUT THE PROBLEMS OF AN OVER-MIGHTY DOLLAR FOR THE GLOBAL ECONOMY.

The US accounts for only 10 per cent of global trade and 15 per cent of global GDP but half of trade invoices and two-thirds of global securities issuance, the BoE governor said. As a result, “while the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed” in 1971.

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Misc. DINARRECAPS8 Misc. DINARRECAPS8

.DELETE THE ZEROS By MY LADIES

.DELETE THE ZEROS By MY LADIES 8/29/2019

Emailed To Dinar Recaps

HELLO FOLKS, HOW IS EVERYONE DOING? TODAY I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES.

THERE IS AN AWFUL LOT OF SPECULATION GOING ON RIGHT NOW ABOUT A FEW CURRENCIES AND THERE ARE A GROUP OF PEOPLE THAT ARE EXPECTING TO BECOME OVERNIGHT MILLIONAIRES WITH THIS SPECULATION. SO, LET’S JUMP RIGHT IN AND SEE IF WE CAN PUT THIS RUMOR MILL TO REST ONCE AND FOR ALL.

I WANT TO START BY SHOWING YOU SOMETHING FROM THE IMF. THIS IS THE OFFICIAL ADOPTED STEPS THAT NEED TO BE TAKEN TO COMPLETE A REDENOMINATION.

I NOTICED SOME OTHERS WERE USING THIS EXAMPLE INCORRECTLY AND WERE TRYING TO CONVINCE GOOD FOLKS THAT A HUGE RETURN WOULD BE REALIZED BASED ON THIS MODEL.

FOR THOSE THAT HAVE BEEN WITH ME A WHILE I INTRODUCED THIS OVER 5 YEARS AGO AND RE-CAPS CARRIED IT. SINCE THAT TIME OTHER COPY CATS HAVE BEEN USING IT TO PROVE THEIR NONSENSE AND GARBLE.

DELETE THE ZEROS By MY LADIES 8/29/2019

Emailed To Dinar Recaps

HELLO FOLKS, HOW IS EVERYONE DOING? TODAY I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES.

THERE IS AN AWFUL LOT OF SPECULATION GOING ON RIGHT NOW ABOUT A FEW CURRENCIES AND THERE ARE A GROUP OF PEOPLE THAT ARE EXPECTING TO BECOME OVERNIGHT MILLIONAIRES WITH THIS SPECULATION. SO, LET’S JUMP RIGHT IN AND SEE IF WE CAN PUT THIS RUMOR MILL TO REST ONCE AND FOR ALL.

I WANT TO START BY SHOWING YOU SOMETHING FROM THE IMF. THIS IS THE OFFICIAL ADOPTED STEPS THAT NEED TO BE TAKEN TO COMPLE A REDENOMINATION.

I NOTICED SOME OTHERS WERE USING THIS EXAMPLE INCORRECTLY AND WERE TRYING TO CONVINCE GOOD FOLKS THAT A HUGE RETURN WOULD BE REALIZED BASED ON THIS MODEL.

 FOR THOSE THAT HAVE BEEN WITH ME A WHILE I INTRODUCED THIS OVER 5 YEARS AGO AND RE-CAPS CARRIED IT. SINCE THAT TIME OTHER COPY CATS HAVE BEEN USING IT TO PROVE THEIR NONSENSE AND GARBLE.

SO HERE FROM THE IMF. I’M GOING TO HILIGHT SOME POINTS BUT EVERYONE SHOULD CLICK THE LINK AND READ THE WHOLE THING.  https://www.imf.org/external/pubs/ft/fandd/2013/12/lonnberg.htm

New Money

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.

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.

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. IRAQ DID ALL THESE STEPS

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Misc., Special DINARRECAPS8 Misc., Special DINARRECAPS8

.A Labor Day Lesson... From a 98-Year-Old Bag Boy

.A Labor Day Lesson... From a 98-Year-Old Bag Boy

By Andy Snyder, Founder Mayward Digest

 Liberty

 What's more important... industry or education? Several states have passed laws that prohibit schools from ending summer vacation before Labor Day. Proponents argue that it's important for families to have one more weekend to spend their cash on fun.

In Virginia, it's referred to as the "Kings Dominion Law," after the amusement park that benefits greatly from the rule. Clearly, America has her priorities straight. Right?

 Why in the world do we celebrate work?

That stuff hurts.

What's Labor Day really about, anyway?

A Labor Day Lesson... From a 98-Year-Old Bag Boy

By Andy Snyder, Founder Mayward Digest

Liberty

What's more important... industry or education? Several states have passed laws that prohibit schools from ending summer vacation before Labor Day. Proponents argue that it's important for families to have one more weekend to spend their cash on fun.

In Virginia, it's referred to as the "Kings Dominion Law," after the amusement park that benefits greatly from the rule. Clearly, America has her priorities straight. Right?

 Why in the world do we celebrate work?

That stuff hurts.

What's Labor Day really about, anyway?

For most folks, it's bad news. It means the end of summer... back to school... and the boss is back from vacation.

Are we to think we're really celebrating the little guy today... the guy who gets just a few bucks an hour to do the dirty work nobody else wants to do?

If so, why haven't the social justice warriors caught on? Where's the "woke" crowd taking to the streets begging for more of its fair share?

We figure they're at the beach getting their last bucket of fries and one final stroll down the boardwalk.

That's okay... we don't need them.

Paper or Plastic?

If we really want to learn about work and why it's something that many in our culture treat as though it were a dirty, four-letter word... we need to hear from Bennie Ficeto.

As we continue our series of essays on the World War II generation, we can't help but celebrate the former B-25 pilot's work.

He's a bag boy.

Pardon us... he's a bag man. Or, better, a bag veteran?

It doesn't matter. The point is the 98-year-old still ties his shoes and goes to work twice a week at the local grocery store.

He doesn't have to. Nobody is going to kick him onto the streets.

From what we can tell, he does it merely to prove a point.

He's our kind of man.

To continue reading, please go to the original article at

https://manwardpress.com/topics/liberty/labor-day-lesson-98-year-old-ww2-veteran-bagboy/

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