We are getting very close !

A QUOTE FROM AN ECONOMIC VIEW 28 YEARS AGO...


> 'In order to clear up the present economic problems everything must be
set back to zero'
>
> What will soon happen, then, is similar to what a Japanese businessman
answered when asked about a solution to today's economic turmoil. He
remarked: 'In order to clear up the present economic problems everything
must be set back to zero.' He rightly saw the hopelessness of ever
repairing the system. And God's Word agrees: it is too far gone. Hence,
it will not be repaired, but will be demolished.
>
> The possibility of today's economic systems crashing has been a more
frequent topic of discussion among economists lately. For instance,
American financial commentator Sylvia Porter spoke of the real
possibility of an 'inflationary blowoff in this nation and the world,
destroying the confidence in any investment in 'paper' [money], and so

undermining the functioning of our international monetary system that
trade among nations would grind to a near standstill.' The columnist
added:
>
> 'The blowout would then ripple out to cause a rash of bankruptcies
among businesses, a collapse of the dangerously swollen credit bubble,
an upsurge in unemployment, foreclosures of vastly overextended mortgage
credit, and repossessions of goods bought on installment loans the
debtors could not repay.
>
> 'The scenario becomes more scary even as I write it.'
>
> 'Nations cannot go on borrowing to improve living standards'
>
> Political commentator Jack Anderson similarly commented on the shaky
money situation, stating:
>
> 'Nations cannot go on borrowing to improve living standards. The money
can never be paid back unless it is invested in production instead of
consumption. For many countries, the debt is already greater than they
can absorb without a financial breakdown. . . .
>
> 'Skyrocketing prices keep adding to the bad debts until the whole
banking system is threatened with collapse.'
>
> The American Institute for Economic Research makes the following
observations:
>
> 'During the next several years, the following economic developments
seem highly probable:
>
> 'A severe and prolonged worldwide depression. . . .
>
> 'During a prolonged depression, social disorder might well become
extreme. . . .
>
> 'Any person or family who appears to be substantially better off than
those who are most adversely affected may become the target for mob
violence.'
>
> When people rob, rape, mug and murder in such increasing numbers now,
in a time of relative peace and prosperity, they would do much worse if
a breakdown occurred. An evidence of this is what happened during the
blackout in New York city in 1977. In certain areas anarchy prevailed.
Looting, vandalism and robberies were epidemic. The police admitted that
they were helpless.
>
> Similarly, in an African country, a one third increase in the price of
rice sparked rioting and looting in the capital city. The streets looked
as if a war had just been fought. Martial law was declared and a strict
curfew imposed.


Maceman

Well - that makes for some scary reading....:eek:

Quote:

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Originally Posted by Seaview

Well - that makes for some scary reading....:eek:

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Yeah, scary, but this ain't the one, not yet
There has not been enought, global effort.

We probably will see our windfall, but how many
times can this happen? once more?...or just once?

We just want once at this stage, but have you looked at what really has happen in the world, to the world, and not to mentioned the new wars being either fought, while we have been waiting on this one. The world can not take another important currency adjustment. Maybe, well not maybe but there are things like derivaties, that can't be regulated

Derivatives.

All this talk and testimony of mortgages and helping homeowners is really a Trojan horse. The reality is Ben and Hank are trying to help their Wall Street buddies unload several hundred billion ($300 billion using rough math) onto the American taxpayer. It’s not surprising that this fact wasn’t mentioned in either Hank or Ben’s testimony before Congress.

However, what’s truly disturbing is that the derivative problem goes waaaay beyond a mere $300 billion. There are approximately $1.4 quadrillion—with a “Q”!!!!—(notional value) of derivatives floating around the globe.

Now if even 1% of these are bad, that’s $14 TRILLION in losses. If we’re lucky, and only 1/10th of 1% are bad, it’s still $1.4 TRILLION—more than three times the $300 billion in bailouts we’ve detailed above.

So not only is the talk of bailing out mortgages and homeowners a farce… but the actual amount of money that will be required is almost undoubtedly larger than $700 billion (assuming that “real” derivative losses are a meager 1/10th of 1%). Like I mentioned before, even Hank Paulson admitted the $700 billion was “arbitrary.”

Folks, that much money is NEVER arbitrary. You ask a contractor to build a deck, he’ll at least show you some rough math about the costs. Here we are on the verge of the largest bailout in history and no one bothers even whipping out a calculator.

Unbelievable.

this was sent to me by a friend, there is more info on how it works, that is derivatives. I will post that later when Seaview informs me where it would benefit the most on this forum.

Maceman

In reference to "We are getting close," are you talking about the dinar going up in value or are you talking about the US and other economies going down? Was not exactly sure what the main point was. Thanks in advance.

l livefree In reference to "We are getting close," are you talking about the dinar going up in value or are you talking about the US and other economies going down? Was not exactly sure what the main point was. Thanks in advance.

Sorry for got to put your quote the right way.



Well both, iraq's reval is needed on the world scene. debt forgivness, has a price. You have to at least show your gratitude if you can. And they can. Now for what ever the lop talk is, well that is going back into the old economy, which has it's many crisis. So a fresh start is being slowed a bit, by a rough landing of bad economic practices, where debt investment, turned on and even exploited the working man,in most industrialized nations. Getting tactics together before an RV. A rv under a new idea is what is happening.

Former power brokers ,through,war, economy,and business technology, have shone their limitations and other players will in ten years be at bat with a pictcher that they have been waiting for. If ten years are available.

Now, yes, all the economies are going down, along with a world system of things. Anyone knows that even the best countries are a pool of stagnate love, and no concern for anyone, other than self. spiritual values are, not even a new concept,it is not excepted anymore. The whole of creation, is in mourning, and no one can change it. money definitely is not the answer. But right now I and countless others need a adequate supply of the stuff. But spirituality is really what is needed, and where do you get the genuine article of that? If you was God, what would you do? If you don,t know what he would do, is doing, will do, pm me.

I don't want this to be religious debate, or rambling of strong inner feelings, but you ask and I tried to keep it as general as I could but precisely accurate.That is the part in the green lettering.

The world can't run on money, can it run on love? The creator, says yes and it will. Very soon.


PM me if you wish. I don't want to be on the religion and politics forums. and don,t want to breach the expectations of the dinar forums for ones here, but you asked and well....


Maceman

Hi All!
Not many people left anymore (looking on the forum) to be upset about who posts what on which thread! I would expect the Mods to be pretty lenient these days!
Blessings On YOU! AL

well if you are exchanging the dollar for the dinar at cbi....


Today 1 million Dinar = $ 848.90


FOCUS

Maceman

================================================== ==========


Maceman wrote

Well both, iraq's reval is needed on the world scene. debt forgivness, has a price. You have to at least show your gratitude if you can. And they can. Now for what ever the lop talk is, well that is going back into the old economy, which has it's many crisis. So a fresh start is being slowed a bit, by a rough landing of bad economic practices, where debt investment, turned on and even exploited the working man,in most industrialized nations. Getting tactics together before an RV. A rv under a new idea is what is happening.





================================================== ===
VonWeeden's comment after a long read on the world economy

[B]Here's what I find interesting about this......The EU and the Euro has always been a facade that has covered the weakness of those nations involved.....

And I hope that the middle east countries, specifically those that would comprise of any future GCC, take note of what a universal currency does and how it fiscally binds those that yoke themselves to it. Why do you think that so many countries are feeling this economic fallout??? It's because the American dollar is influential in every economic arena, and attempts to destabilize the dollar are only counter-productive. All other currencies will tumble too, and Iraq should take note and guarantee it's currency not with more worthless money, but by reducing its monetary supply and revaluing the dinar, without lopping zeros from the currency.

This would entail in essence "burning" hundreds of billions of dinars (which is what will happen anyway in a lop-reprint scenario).... and keeping the 25K, 20K, 5K and 1K notes as is...no lopping of zeros, then revalue.
================================================== ========
It is reval all the way, lop is old thinking, that is what and why the meltdown,
WE ARE CLOSE.

The Buzz...is high ! $$$$$$$$

Hang in there, you may pay your rent, next month, great odds you will in a couple months more or less!

Maceman

Well, seeing all that is happening..Iraq out of bankruptcy, oil and gas laws perched, new approach to the world's economy, the effect in a negative way on economicaly developed countries, the us election, another name for economicaly challenged people, and the list goes on.


Boil the above on high for ten minutes, Remove and reduce the juice, then add in the MONEY, AND LET IT SIMMER A WHILE, SERVE WHILE HOT, AND NO FREEZING FOR A FUTURE DINNER...DON'T FORGET THE MONEY..MAKE SURE IT IS FRESH, RIGHT OF THE PRESS. ENJOY!


Maceman

Maceman, good reading. I feel that after all the years of digging thru some very far fetched rumors, we may be at the close of this ride. JMO.. so much good info from Iraq, Very High Level Meetings with several Governments, SOFA, Security, commerce.. Makes one wonder what it will take. I will for sure take my trusty 0.19 RV please. Thanks for your efforts.. Blessings All, warrior

Quote:

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Originally Posted by maceman

Well, seeing all that is happening..Iraq out of bankruptcy, oil and gas laws perched, new approach to the world's economy, the effect in a negative way on economicaly developed countries, the us election, another name for economicaly challenged people, and the list goes on.

---

..... including the 2nd top Al Qaeda operative for Iraq eliminated recently... it will boost trading to a higher level of confidence. Its coming, perhaps faster than a camel can cross a desert but its still working its dandy way around the markets and makers of decisions that are clearing every speck of dust or trail after one has walked over a path... which is, no tangible tracks to lean on but hope that it will all work out, with calculated and yet, a good dose of blind faith to raise everyone's hopes in an optimistic way...

I know its coming, still holding my breath on it... have spare tanks beside me if my lungs ran out of....:noserious

But it'll come... just got to stretch that pulley of patience a little longer....:party:

No rumor...but buying the election is costly...huh?

I want my dinar and I want it now!

right after the election.

Maceman

Quote:

---

Originally Posted by maceman

No rumor...but buying the election is costly...huh?

I want my dinar and I want it now!

right after the election.

Maceman

---

Your thoughts now?

Quote:

---

Originally Posted by maceman

No rumor...but buying the election is costly...huh?

I want my dinar and I want it now!

right after the election.

Maceman

---

Good point,

That was my thought as well, and just when you think money can't buy everything, you have to add presidency to list. lol It was just a matter of time that the white house could be bought, after all, just look at the state of the economy, everything is dropping in value, so it only reasons with government trillions in debt the cost of white house would drop too, only cost a couple hundred million, what a steal. lol

Sucess to all, Mike

For a symbolic sum for any devastated man on the street... only applicable to the very, very badly busted with buck$ that could categorize you as a living "Pauper" these days... a $1.00 buy-over!!! :toofunny:

:cheer:One condition: You need to prove you are able to maintain everything that sustains the White House (est'd cost: $90K daily)... yup, Lock Stock & Barrel... including Obama's potential next home pet, a poodle!:biggrin: Not to forget, the thrice weekly hair styling the 1st Lady undergoes as well... (could buy a beggar 5x over on a 3-course meal in one day's hair styling appointment :fryingpan)

Brown welcomes bank rate action
Gordon Brown
Gordon Brown said lenders had taken the right action

Gordon Brown has welcomed the move by more lenders to pass on the full cut in interest rates announced by the Bank of England on Thursday to their customers.

Mr Brown said he was "pleased" more homeowners would see the benefit of the fall in rates from 4.5% to 3% as Halifax and Nationwide cut their rates.

He denied he had applied pressure on lenders to take the step saying they had chosen such a course themselves.

Mr Brown is in Brussels as the EU seeks a common position on economic reform.

'Global support'

The PM said a common strategy was "emerging" among European nations on the need for root-and-branch reform of the world's financial system which could command "global support".

EU leaders are trying to formulate a common stance ahead of a meeting of world leaders on the economic crisis in the US next week.

Mr Brown said the decisions taken in the next few weeks would "reshape our world for a decade and more".
He reiterated his call for the need for a global system of financial regulation, an "early warning system" to prevent future banking crises and reform of international institutions like the IMF.

He said he was "confident" that US President Elect Barack Obama would "extend co-operation" in key areas when his administration came into office in January.

Mr Brown said he had discussed a wide range of foreign policy issues, including Iraq and Afghanistan, with Mr Obama during their phone conversation on Thursday.
Asked about further domestic action to boost the economy, Mr Brown said there was a growing consensus in developed economies that both fiscal and monetary responses were needed to the downturn.

He welcomed the Bank of England's "decisive" action over interest rates but denied detailed tax cutting proposals were in the pipeline.


maceman

IAM SHOUTING AT YOU ALL. AS I HAVE BEEN A YUPPY ON THE FINANCIAL SKIDS FOR MONTHS NOW AND WITHOUT INTERNET, NEARLY WENT CRAZY BUT i AM BACK So I hope for big things to happen in the next month with the dinar body parts crossed I hope I hope glad to see some of the old timers still around. I have to ask during the months away was Pips finally put to rest and BM Jailed at last let me know LOL so happy to be back on the net I am laughing with joy
Benzboy

Funny,

Yes, this has been a long long ride, but hey, at least we are all going in the same direction. lol With passing of SOFA, we are now just one more step closer, so who knows, but with all the unstable currencies worldwide, only the Iraqi dinar has been stable and constantly rising, and isn't this what we all heard was first and foremost goal in Iraq, even above reduced terrorism, dinar stability was more important so international investors would feel comfortable in investing, and they are, so this is all good progress we have seen, just not as fast as we would have all liked to see.

Good luck to all, Mike

Tick tock tick tock