Read the highlighted portion in the picture. What are your thoughts? Did the author make a mistake when he wrote reevaluation in his Iraq report.
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Read the highlighted portion in the picture. What are your thoughts? Did the author make a mistake when he wrote reevaluation in his Iraq report.
04-17-2014 Iraq has 70 Trillion deposits in banks – Arabic Version
04-17-2014 Iraq has 70 trillion deposits in banks – English Version
Saudi Arabia expects Maliki to win more then 90 Seats – Arabic Version
Saudi Arabia expects Maliki to win more then 90 Seats – English Version
Gulf Fears of Victory in the Elections – al-Maliki - Arabic Version
Gulf Fears of Victory in the Elections – al-Maliki - English Version
The International Monetary Fund (IMF) has stated that Iraq has added 36 tons of gold bullion to its reserves. This has a value of 1.5 billion dollars. The Central Bank of Iraq (CBI) is purchasing large amounts of gold to back the Iraqi dinar currency. The CBI is doing what other countries around the world have done in the past. It is apparent that countries are moving away from the U.S. dollar. There are numerous news articles from credible news sources stating that countries around the world are moving away from the U.S. dollar.
I have shared some of the links/articles below.
In November 2010, the China Daily news organization reported that Russia and China have signed an agreement to conduct all trade in their local currencies. Appears that they are kicking the U.S. dollar to the curb.
The U.S. Federal Reserve has decreased the buying of debt from the U.S. government and China has also decreased their purchasing at the U.S Treasury office.
Russia and China are not the only two countries that have moved away from the U.S. dollar. Germany, a long time ally of the United States, has also made agreements with the Chinese government to conduct trade in yuan and euros.
In Feb 2011, the International Monetary Fund (IMF) called for a U.S. dollar alternative. The United Nations has also called for a new global currency to replace the U.S. dollar. This is all pointing to a global currency reset that the IMF leader spoke of in the past. Clearly, they want to remove the U.S. dollar as the world’s reserve currency. Also, the petro dollar will be no longer be the world’s reserve currency.
China and Brazil have signed agreements to only conduct trade in their local currencies. Moving away from the U.S. dollars.
China and Australia have signed agreements with each other. The article also mentions South Korea, Turkey and Kazakhstan. They all have agreed to conduct trade in a currency swap in their own respective currencies.
China and Japan have signed agreements to conduct trade in yuan and yen. There will be no U.S. dollars in their trade between the two countries.
Iran and Russia have replaced the U.S. dollar between the two countries. This article states also that Iran replaced the U.S. dollar in its oil trade with India, China and Japan.
China and Chile have also signed agreements to conduct trade in their local currencies.
China and United Arab Emirates (UAE) have currency swaps in their local currency. They will be conducting trade in yuan and dirhams.
The BRIC nations consist of Brazil, Russia, India, China and South Africa. They have all signed agreements with each other to conduct trade in their own local currency. This once again leaves the U.S. dollar out of all international transactions.
Iraq is following suit. Don’t get me wrong, they are currently still using the U.S. dollar but changes are in the works. Iraq still accepts payment for their oil and gas in U.S. dollars. However, in the future that may not be the case as they continue to back their currency with gold. It looks like they are strengthening the Iraqi dinar reserves with gold in order to move away from the U.S. dollar in the future. They recently signed agreements with India to conduct trade in both countries using local currencies. You will see Iraq conduct these type of arrangements in the future.
Coming July 2014, there will be a new law on the books. I am looking into the law and trying to do more research on this. However, some of what I am learning is that after 1 July 2014 all world wide banks have to comply and report to the Internal Revenue Service (IRS) any transactions made in U.S. dollars. Like I said,…I am still looking into this law and as soon as I get a more information I will share and post here.
Comment below on what you think about the U.S. dollar losing its position in the world.
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The Central Bank of Iraq (CBI) has announced that they have re-printed several new Iraq dinar currency denominations. The new printed Iraq currency denominations are the same as the previous ones in circulation, from October 2003. The difference between the October 2003 printing of the Iraq dinar and the recent re-print is the addition of more security features as well as Kurdish language and better readability for blind people.
Recent reports say that the new re-printed notes are now going to co-exist with the current bank notes. They will both have the same exchange rate. The Central Bank is doing this to counter the criminal gangs that are counterfeiting the Iraq dinar. The CBI has re-printed the denominations of 250, 500, 1000, 5,000, 10000, 25000. This new addition of more bank notes will add to what is already in circulation. Since the printing in October 2003, there has been no coordinated effort by the CBI to remove notes from circulation. The only notes that have been removed are the ones that are worn out and have been turned in for credit by the Iraqi banks. In the future, the CBI intends to start printing larger denominations such as 50,000 Iraqi dinar banknote. This is to control the current inflation in Iraq.
The CBI has also announced that they have made arrangements to purchase large amounts of gold. The reason they are doing this is because Iraqi’s are exchanging their Iraq dinar for U.S. dollars. This is evident when you observe the Central Banks daily currency auctions, which are in the hundreds of millions of dollars. The Central Bank has realized that they need to increase the value of the Iraq dinar quickly. The Iraq government is the number one employer in Iraq and most are being paid in Iraqi dinar. When they are paid they quickly exchange for U.S. dollars at a local bank or go to a currency exchange business.
Last year the CBI tried to halt the smuggling of U.S. dollars out of Iraq. The CBI seems to be failing despite their policies that have been in place as laundering continues.
In other news, the leader of the Supreme Council on Iraq,(ISCI), Mr. Ammar al-Hakim and his allies did not have the opportunity to replace the current Prime Minister Nuri Maliki. There is basically no difference between the two parties. One may just hold slightly more power over the other. Maliki however, may currently have an advantage as he controls most government functions and ministries and may possibly succeed in his bid for third term. Maliki currently receives four paychecks each month:
Ministry of Interior
Ministry of Defense
Leader of the Dawa Party
Leader of the State of Law coalition
Maliki has given the armed forces two electoral cards and made it a point to skip the people that are not in support of his third term. You can say what you want about Maliki but he is clever and he will win his third term on April 30. Granted, there is still an election. Maliki has made a daily attempt to get rid of his opponents via the courts system or finds an excuse to arrest and jail them. In regards to the Kurds in the north, it is just a repeat of what happened in 2010 election. The Kurds were against Maliki originally, then they came around and supported him in the end.
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Middle East Online media just released an article discussing the banking situation in Iraq. It tells of a story about an al-Warka Bank depositor named Saleh Majid. Mr. Saleh happens to own an electrical supply shop in downtown Baghdad. He had previously deposited his hard earned money inside al-Warka Bank prior to the bank going Bankrupt in 2012. When al-Warka Bank went into receivership with the Central Bank of Iraq (CBI) Majid only received 20% of his deposit back. This is an all too common story these days. There are countless depositors in Iraq that have lost their deposits with al-Warka Bank. The bank was also delisted from the Iraq Stock Exchange (ISX) several years ago and there are no indicators of it being reinstated.
In the past, there have been many misguided guru’s that have pushed the al-Warka Bank agenda. I have written about, commented on and gave warnings on al-Warka since June 2006. Some of you may even recall my recent posting about the medical student that contacted me for help. He had lost his savings of 100k with al-Warka bank. A complete loss of his tuition and his dream of being a physician. I cannot help you once you’ve invested in them and lost. I can only advise you not to or to proceed with caution.
The former deputy of Minister of Finance, Fazil Nabi recently commented about banks in Iraq saying, “Some banks are bankrupt.” That’s putting it mildly! For this alone, I would be extremely cautious when dealing with any bank in Iraq. I cant advise enough to do your due diligence and be very cautious when sending any of your private information to any foreign bank. Theres no telling what they will do with your personal information.
In other news, the April 30th elections are still on for now. Although, it was nearly called off after the members of the Iraq Election Commission resigned. The reason being, they protested the written language inside the election law. The law stated candidates must be “of good reputation.” This gave political parties leverage to remove opponents from the election political process. The Election board members have withdrawn their group resignation and went back to work. I expect that there will be more incidents like this as we get closer to April 30th. My prediction is that Prime Minister Nuri Maliki will remain after the elections. I could be wrong, however, Prime Minister Maliki is working non-stop in keeping his position.
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Global Currency Reset – Are You Ready?
OK, so what is the GCR all about?
Before we get started, here is a quote from Winston Churchill:
“The farther back you can look, the farther forward you are likely to see.”
The reset HAS to happen, no doubt about it, but when and how is another story. All of the major currencies of the world will be revalued based on the assets of the country itself. This is supposed to be according to a source, the IMF should be charge, but since details are secret, we don’t really know. It’s important that we understand that the only way we are going to know is to check foreign exchange sites on a nearly daily basis. If not, the only way you might find out is word of mouth, “Hey, did you hear about the GCR?” Yeah, by then it will have been too late. A global currency reset will be on the front pages for days, but it’s effects will last indefinitely.
Banks might shut down, people might go hungry if they don’t have access to cash, it’s important that under these circumstances you fully comply with the local laws. If we have a global currency reset than you just might need to find a safe way out of the major cities, even if just for a week. A cabin in the woods is better than a large metropolitan area. When a global currency reset actually happens you might not be able to get out fast enough if you have to wait for the major cable news networks to tell you.
If you know which country is going to have the most assets you can make a lot of money. A lot of people think the U.S. will have its dollar devalued between 20 and 50% depending on who you talk to. Others claim that the Iraqi Dinar will be revalued from it’s current rate of 0.0086 to at least $1.18, a substantial increase. Bottom line, we just don’t know, it’s best to own a bit of Iraqi dinar, and maybe even Swiss Francs. Follow the money! Gold, silver, diamonds are money, dollars, yen, dinars, those are just currency, remember the hyperinflation in Germany in 1923? It could happen again in the United States. The global currency reset is coming, are you ready for the global currency reset?
Historical background on the Global Currency Reset
Looking back, the last Global Currency Reset happened between 1944 and 1945, towards the end of World War II.The powers that be decided that a new global world reserve currency was needed, so it became the US Dollar. Previously, the pound sterling (British Pound) was used starting about 1860 or so (the time of the United States Civil War) until around 1914 when the Federal Reserve, a private company, was born.Obviously Britain was devastated by World War II and they were no longer a superpower, so the dollar became the world reserve currency officially after World War II.
On August 15, 1971, President Richard Nixon made the following statement during a televised pre written speech:
In the past seven years, there has been an average of one international monetary crisis every year. Now who gains from these crises? Not the working man; not the investor; not the real producers of wealth. The gainers are the international money speculators. Because they thrive on crises, they help to create them.
In recent weeks, the speculators have been waging an all-out war on the American dollar. The strength of a nation’s currency is based on the strength of that nation’s economy – and the American economy is by far the strongest in the world. Accordingly, I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators.
I have directed Secretary Connally to suspend temporarily the convertibility of the American dollar except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.
Now, what is this action – which is very technical – what does it mean for you?
Let me lay to rest the bugaboo of what is called devaluation. (By the way, many countries will have their currencies devalued during this global currency reset).
If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.
The effect of this action, in other words, will be to stabilize the dollar.
Now, this action will not win us any friends among the international money traders. But our primary concern is with the American workers, and with fair competition around the world.
To our friends abroad, including the many responsible members of the international banking community who are dedicated to stability and the flow of trade, I give this assurance: The United States has always been, and will continue to be, a forward-looking and trustworthy trading partner. In full cooperation with the International Monetary Fund and those who trade with us, we will press for the necessary reforms to set up an urgently needed new international monetary system. Stability and equal treatment is in everybody’s best interest. I am determined that the American dollar must never again be a hostage in the hands of international speculators.
I am taking one further step to protect the dollar, to improve our balance of payments, and to increase jobs for Americans. As a temporary measure, I am today imposing an additional tax of 10 percent on goods imported into the United States. This is a better solution for international trade than direct controls on the amount of imports.
Notice the parts I bolded relating to a global currency reset:
“they help to create them.”
Obviously, if you want to make money, create a crisis, and create the solution.Think about the guy who broke windows in a neighborhood and then posed as the windshield repair man.That’s the idea.
“all-out war on the American dollar. The strength of a nation’s currency is based on the strength of that nation’s economy”
The coming Global Currency Reset (2014-2020) will be based, again, on the assets of the countries of the world.Example: Iraq has oil, South Africa has diamonds, China has gold, Vietnam has rice, the U.S. has, well, we have a lot of debt, so I guess we’re in trouble right?
President Nixon essentially said that we would eventually go back to a gold standard, and that this measure where countries could exchange their dollars for gold was only temporarily.Well, it’s been over 42 years and it doesn’t look like we will go back to exchanging our dollars for gold.
“devaluation” again devaluation is related to the coming global currency reset
According to Lindsey Williams the dollar will be devalued about 30% in the next Global Currency Reset. That’s a lot! Imagine paying 30% more for items from China.Have you ever tried to quickly find ten distinct items in Walmart that are NOT made in China.Even the American flags are made in China! Devaluation is a big part of the Global Currency Reset.
“market conditions may cause your dollar to buy slightly less”
For some people reading this, you remember how much more your 1971 dollar went versus your 2014 dollar.Think about how far it goes now.Heck, even some like me who remember in high school when minimum wage was $5.15 and gas was only around $1 a gallon, yes you could get over 5 gallons per hour you worked. What do you get now that minimum wage is $7.80 (Arizona) and gas costs $3.39 (National average in Feb 2014?You get about 2.25 gallons per hour worked, less than half!I never hear this reported on the mainstream news, only how high the stock market is.By the way, were you able to buy more stuff for $15,000 in 2000 or in 2014?Exactly, so the stock market, since it’s measured in dollars, doesn’t mean anything, the stock market would have to be above 25,000 points to be even close to where it was in the late 1990′s.
Here is a gas chart, just look at what happens around 1971 when President Nixon gave this speech. By the way, I don’t think President Nixon knew that by taking us off the gold standard that we’d have a Global Currency Reset. What I mean is, since all currencies were tied to the US Dollar (backed by gold) they now had to be reset. Since all countries were tied to the US Dollar and gold, it was a global currency reset in that regard.Historical gas prices 1929-2010
“fair competition around the world”
Fair?What’s fair about the fact that our biggest export is DEBT.I think that says enough, we owe so much to other countries and yet we can’t fund social security, the post office, or other programs like medicare.
In full cooperation with the International Monetary Fund
These are the people in charge.The I.M.F. as it’s abbreviated, just happened to be created around 1944-1945, it’s main purpose is to, according to their own website “foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”Are they doing a good job? The IMF is behind this coming Global Currency Reset.
“new international monetary system”
It’s a global or international monetary system, so every nation is involved, they have to be, how else can a country trade unless their currency is convertible? The point of a Global Currency Reset is to allow countries to trade among each other, but the U.S. Dollar was gold backed, after this speech, it was fiat, meaning it was only worth the paper it was printed on, nothing backed it, just government fiat, or decree.The difference between the financial changes in 1971 and what happened in 1944-1945 is that in 1944 we essentially said, “We will back our U.S. Dollar with gold, if you have dollars, we will give you gold, in 1971 we said, “We will not back our U.S. Dollar with gold, but trust us, we’re good for the money, oh yeah, you can’t get our gold. A global currency reset, would reset the price of gold as well.
In 1971, gold was $35 per ounce, after this speech by President Nixon the price floated, it got up over $800 in 1980, fell down to around $200 in the 1990′s, and again rose up to $1900 in 2011.
“an additional tax of 10 percent”
Ask anyone who was a teenager in 1971 how quickly prices went up from 1971 to 1980.As the U.S. began trading more and more internationally those 10% taxes took their toll.
That’s it for my analysis of President Nixon’s speech, now for some history. We will start with talking about the Global Currency Reset following our discussion gold standards. Before World War I, nearly all of the major currencies (dollar, pound, Swiss franc) were backed by gold. This was the so called “gold standard”. The amount of money in circulation was directly diet to the gold supply. With a Global Currency Reset, this will all happen again, gold backed money. Remember, gold holds it’s value, it’s been said that an old Roman gold coin of eight grams purchased a few hundred liters of crappy wine, well, in 2014 eight grams of gold is worth $341.08 as of February 2014.Nothing changed, your gold purchased the same stuff.You can bury gold for thousands of years and it’s worth the same, but you bury a dollar and thousands of years later it’s not going to buy you anything, unless some collector wants it. So what happened in August of 1971, a Global Currency Reset.
What follows below is the information I have found over the past few months:
Iraq and the Dinar
At the outset of the Iraqi invasion, the World Bank and United Nations devalued the dinar upon the petition of the US Attorney General. The Iraqi Dinar at that time was worth $3.22 USD. Today (November 25 2013) 1,000 dinars = 86 US cents or .86 USD. It’s been said this Global Currency Reset will bring the rate back to around $3.22 USD per 1 Iraqi Dinar.
Like many others I saw the potential for money to be made from the devaluation of the Iraqi dinar. This entailed investing in the foreign currency and waiting until it revalued. I then discovered that the Vietnam Dong had also been devalued during the Vietnam War, which was a long time ago. It never revalued. Yes, the Global Currency Reset has the potential to fix this issue with the Vietnamese Dong.
I considered the fact the same situation could repeat itself regarding the Iraqi Dinar. I decided to take the gamble and invested a small amount in both currencies. I was tempted at times to invest more but decided not to.
As time went by I discovered the devaluation of the Iraqi Dinar was planned by the Secretary of the Treasury and Vice President and had nothing to do with the invasion of Iraq. It was about the Military Industrial Complex making another killing on a foreign investment off the backs, lives and misfortune of the Iraqi people. A global currency reset would immediately put more purchasing power in the hands of the Iraqi people.
The average member of the world public was not even offered incentives to tell a friend. Not supposed to know about or be able to see through this plan. The Currency Exchanges were glad to have the business and Dinar gurus suddenly emerged on the scene, encouraging readers to invest and get rich overnight. Unknown at the time was the fact that most of these gurus were connected to or were themselves . The Global Currency Reset is kept quiet for a reason.
For years I had been telling family and friends that the United States government had become infiltrated by communists during the Wilson Administration and the entire federal system is a foreign corporate fascist group masquerading as the US government. Unsurprisingly, these statements of mine were regarded by family and friends as both unpatriotic and “conspiracy theory.” So I went in search of evidence and this is what I found.
What’s Behind The Global Currency Reset or International Currency Reset as it’s called?
The Global Currency Reset for the United States is within one penny of kicking in. When it does kick in any US citizen wishing to exchange foreign currency at a Federal Reserve Bank, currency broker or currency exchange must agree to sign a 9-page Non-Disclosure Agreement (NDA). The NDA is a contract you are required to sign with this fascist corporate government to not disclose where your new-found wealth originated. This appears harmless enough except for the fact that the NDA is a contract signed under duress. Why duress? You do not have a choice to accept or not accept this contract. The corporate government is hoping that greed will cause you to accept its NDA, no questions asked.
You might think to yourself “They can’t do that. It’s unconstitutional” True enough. However as a US citizen and defined by law as an entity – a corporation – your corporate person-hood has no rights except those granted to you by the government.
The global currency reset has a way of changing our constitution. The US Government is a private foreign corporation. Its existence is hidden behind the very Constitution that you the right to contract with whomever you choose. The NDA is a contract. The US corporate government requirement that you sign an NDA takes your contractual obligation to a whole new level. How does it do so? If you violate any provision of this particular NDA you will be arrested as a domestic terrorist under the National Security Act. This, in turn, alters what was formerly a civil contract into one that incorporates grave and serious criminal penalties.
You might be wondering who in their right mind would agree to sign such a contract? During the global currency reset people will make bad decisions. Well it turns out if you refuse to sign the NDA you will be denied your opportunity to exchange currencies at preferred rates, and you have only 30 days from receipt of the NDA to decide whether you wish to sign on the dotted line.
What isn’t stated is the 30-day limit is far more important to them than it is for the investor holding the dinar. The banks and US corporate government have major foreign oil contracts to fulfill, contracts they can no longer fulfill with the USD. They need your dinar to purchase oil now that Europe and other major trading partners are refusing to accept the fiat-based, ponzi-style USD. With a Global Currency Reset, we can’t be sure who we can trust.
During the global currency reset, you won’t have a lot of time to exchange your foreign currencies. A currency exchange is traditionally a barter (equivalent value changing hands between private parties) and thus it is a non-taxable matter. However, this NDA contract requires you to agree to pay a Capital Gains Tax that has yet to be established. I’m hearing 10% but what happens if it turns out to be 50%? The currency brokers and wealth managers associated with the Federal Reserve banking establishment are recommending that you set aside 50% of your assets to cover taxes. In a Global Currency Reset situation, you really can’t be sure how much you will have to give away, 50% is a safe margin, if it’s less, you are in good shape, if it’s more, well, I think that’s unlikely. Talk to your financial professional, but do not tell them about the Global Currency Reset, it will take too much time to explain it to them. Get your bank papers ready to go before the global currency reset.
What do they know that we don’t?
The same NDA contract also requires that you agree to comply with any and all current and future laws during the next ten years, enacted by the corporate United States Government. This makes the NDA a noose placed around the signatory’s neck, then gradually tightened. If you do get involved with the global currency reset, and you have dinar to exchange, you might have to sign an NDA.
If you exchange your currency at a Federal Reserve bank you will only be allowed to exchange the equivalent of $10,000 in cash. You will be required to open one of the following: Checking account, savings account, trust account or brokerage account. You will be forced to deposit the remainder of your assets into one of these accounts. However, during the global currency reset they might change the rules on deposits again.
The corporate US Congress modified the US Banking laws this year to specify that all accounts – deposits, trusts, IRAs and safe deposit boxes – belong to the Federal Reserve bank. This means that once you execute a deposit you surrender all ownership of that deposit to the bank.Should this foreign, privately-owned Federal Reserve system suddenly declare bankruptcy, all of your assets entrusted to them become their property. Within the fine print of all the banking accounts you own and/or open you will find the stipulation that the financial institution can use your assets to pay off the national debt, a debt that was never yours to begin with.
If you’re thinking the FDIC will reimburse you up to $250,000 on each account, think again. The FDIC filed bankruptcy in 2006 due to the swarm of bank failures that year, with claims against it in the trillions. The FDIC is done. Finished. It can never be revived without paying off those outstanding claims. I’m willing to bet your bank or wealth manager never informed you of that fact. With this Global Currency Reset, anything can happen.
Your Money Is No Longer Under Your Control
You don’t need to have a global currency reset to figure this one out. Here is another “catch 22.” You cannot gift or wire any amount greater than $4,999.99 to a family member or friend without the Department of Homeland Security reviewing the check or wire transfer to investigate the origin of the money. Since you signed the NDA contract you cannot talk about the source of your money with anybody, even DHS. All of a sudden you’re turned into a suspect involved in a potentially unlawful financial activity.Your gift will be confiscated unless you indicate Source Of Funds and if you do reveal the source you will have violated the NDA. This, in turn, can create the circumstance in which you are arrested as a domestic terrorist under the National Security Act. By the way, we could have a “bank holiday” right before, or immediately following the Global Currency Reset.
The financial oligarchs may not be playing with the full deck but the cards they’re holding of a certainty belong to a stacked deck.
The Game Is Rigged
Did you know that Americans are now prohibited from transferring any assets out of the corporate United States without clearance from the Department of Homeland Security?The reason for this crackdown has to do with the approximately four to 5,000 wealthy US Citizens who surrender their US Citizenship annually, transfer their assets and immigrate to another country. The government’s intent is to regulate the movement of money over national borders.
This is what is meant by the axiom “Finding yourself between a rock and a hard place.”
The Iraqi dinar currency exchange and its accompanying NDA is clearly a trap. After the global currency reset and NDA signing, you can’t talk about it, yes, this includes my site. The corporate US government is banking on the fact that you will agree to their terms in order to profit from your investment. However, if you make any financial moves in excess of $4,999 you will run afoul of DHS disclosure regulations. Given your signature on the NDA you won’t be able to disclose Source Of Funds and will likely end up in prison. How’s THAT for a rigged game? With a Global Currency Reset anything can happen: bank failures or bank holidays, seizure of private pensions and IRA’s/401k’s, point is, we have to be careful.
One Legal Maneuver Is Still Available To Those Who Can Afford It
The only legal alternative that comes to mind that you can use to counter this madness is to purchase your freedom via Diplomatic Immunity. This relieves you of the burden of having to sign the NDA contract. I am certain that Diplomatic Immunity is still available to all and is honored in 90 plus countries. You will need to make this move carefully, however, as it is quite expensive to set up a Legal Expense (numbered) account with your bank or broker. Again, please don’t mention the Global Currency Reset to your banker, broker, or anyone else you don’t fully trust.
Given the costs involved in setting up a Legal Expense account (~$800,000+ USD) this likely will not work for the small investor. However, the fact remains there is no need for anyone to rush in to exchange anything. This 30-day limit is simply another fraud. They, the US Military Complex, need your dinar within 30 days to pay their oil contracts. If anything, at the end of the 30 days, the exchange rate will likely go higher due to the lack of confidence in the USD abroad.
I have a feeling (one I admit may be just a pipe-dream) that all this corruption enslaving humanity for millenia will be coming to an abrupt end in the near future. Once that happens our liberty as a species will be restored.
The Background to the Global Currency Reset or Revaluation
The Global Currency Reset and the Revaluation are actually two different events. The Revaluation refers to the re-valuation of Iraq’s currency. The Global Currency Reset refers to a much broader re-valuation of many currencies around the world.
But in the public’s mind they’ve become linked together. I’ll be using the terms interchangeably here. Please be sure you understand what a revaluation is and what a Global Currency Reset is OK?
Let’s have a look at some of the background to the Revaluation to see what purposes it serves in the Divine Plan and how the Company of Heaven wishes us to look on it.
When Ashtar spoke of the Re-valuation of currencies, or Revaluation, in late August 2013, he suggested that it was one way to show that the events being spoken of were real. He didn’t mention the term Global Currency Reset, but we understood.
“If you look to the outside for tangible evidence for our messages – although we tirelessly stress that you should seek changes within yourselves in the first place – each and every one of you who follow our messages will see the first widespread, tangible proof by noticing the change in your financial affairs, especially with the revaluation of many currencies.
“We are certainly aware that many – if not all of you – have some doubts now and then whether all this is real. And we understand this because of the many changes in the Divine Plan experienced by you throughout your journey.” (1)
The Revaluation would show many doubters that things are actually occurring, he said.
“This is the reason why the revaluation of many currencies is of such importance. It will show you that everything is for real and not a dream.” (2)
Sheldan Nidle’s sources spoke next about the event, in early September 2013. They saw it as the clarion call that signaled the end of the cabal’s political and financial rule.
“Until recently the dark cabal’s power was all but omnipotent, but now the point has been reached where it can no longer deny you your sacred destiny! A great prosperity linked to a global revaluation of your various national currencies is ready to happen.
“This grand event is the clarion call which will expel the old governance from power and influence. It will liberate you from your many illegal debt obligations by instigating universal debt forgiveness and this includes your release from any incurred indebtedness to this old governance.
“You are about to inherit not only this divine gift of freedom but also a never-ending supply of prosperity.” (3)
He spoke again a week later about the “grand monetary reset of the world’s currencies” that was about to begin and linked it to “the worldwide distribution of our various prosperity funds.” These two actions would end the cabal’s grip on power.
“Taken together, these two actions will complete the legal operation to swiftly bring down the once-mighty clutch of your illegal governments which have so long browbeaten your world. This feat will result in the termination of global debt enslavement which underpinned your fiat-currency financial system.
“The new hard-currency, prosperity-based system will ensure your freedom and guarantee you your personal sovereignty. Now the bumpy road to full consciousness becomes a clear and open highway!” After a Global Currency Reset physical assets (gold, silver) will be more important than paper assets.
Another week later, he said that “the dark cabal’s debt-based economic system is truly ‘on the ropes’ and continues to induce a rate of debt formation that is quite astounding.”
“In effect, it has reached a point where the weight of debt is beginning to gouge into the infrastructure of the system, threatening to rip it asunder, and it has become clear that the dark can no longer hold the center together. It sees the moment approaching when a new system must take over and recognizes that this signals the end of its time at the top.”
He called the Reset “the ‘kick of the mule’ which is to jettison these haughty ones from power.”
At the same time that the cabal was falling, the mass of society was rising, his sources said.
“The dark cabal is losing its wealth while you are gaining yours. Divine purpose is in play. Hence, use these funds wisely and permit your brethren to enjoy the fruits of this new prosperity.
“Realize that a new reality is dawning and reflect on your new fortunes. Be ready, when required, to explain why new governance emerged.”
Most recently, Sheldan’s sources gave the following summary of the Revaluation, not the Global Currency Reset, on Feb. 18, 2014:
“A process will be set in motion to make it possible for a great prosperity to be redistributed to you. Our liaisons are working diligently to explore a most needed set of protocols that will swiftly lead to a Global Currency Reset.
“The currency reset (meaning Global Currency Reset) is a natural process to set up a certain level of agreed-upon value between the world’s nations. This is a basis for global trade, and in the end, the start of an operation that is scheduled to lead to a precious metal-backed monetary system. Included in this reset is the use of new banking regulations such as ‘Basel III.’
“This revised structure will expand the distribution of various prosperity packages. The intent is to reform the current system of ‘haves’ and ‘have-nots’ and replace it with a worldwide spread of prosperity. The old system of income taxation needs to be revamped. A debt jubilee will be declared and the old corrupt system put to rest.
“This new system will redo the globe’s infrastructures and establish a new foundation that takes advantage of now-suppressed technologies. This will later be added to by our off-world devices. Then your world can move out of its present technological dilemma and prepare for a new consciousness.”
Moreover, his sources say, the Revaluation, again, not Global Currency Reset, will provide the foundation for the release of the prosperity-program funds and trigger provisions of NESARA.
“The new currencies, the gold backing and new international banking rules will forge the foundation for the release of the two-step prosperity funds. These operations will enforce now-sequestered legislation to bring out the various provisions of ‘N.E.S.A.R.A.’ These rules will cause a domino-like effect to alter governance and return it to the people. In this milieu, governance will aid the Light and allow formal disclosure to occur. This new environment will also permit us to begin a series of worldwide lessons about your most dearly kept perceptions.”
Archangel Michael discussed the Revaluation, note that he didn’t mention Global Currency Reset, in late September 2013. For some people, he said, “I bring you back a year, and for others of you I bring you back a decade, and for some of you a decade and a half. Because many of you have been at this for a very long time.”
Was it a scam, he [was] asked? No, it was not.
“Is this a scam? It is a prayer, a promise, a trust and an act of change, not simply an act of faith, but an act, a pro-active movement, of change.”
Apparently according to AAM, “humans … love currency.”
“It is an idea. Currency has never been more than a concept and an idea. And it is an idea of abundance for many. Freedom, for food, clean water, housing, play, attending to your community. So you like currency.”
Therefore the Company of Heaven is using currency to transition us out of poverty into abundance and thence into co-creation.
“So why would we, when we have no need for currency, say, ‘Now, you have no need for currency’ when you love it? It is showing you, and it is transitioning you, into a place where currency becomes what it is — an idea.
“And the more you work with this creation of abundance, for many, for all, then the more it becomes your ability to simply create out of thin air. Because that is what you are really doing.
So the Revaluation is intended to be the first illustration that “everything is real and not a dream.” It’s the first stage of the financial reconstruction that we’ll notice and be impacted by. It’s meant to be part of a transition from currency to the more developed ways of seeing to our needs that will come with the shift to higher consciousness. And it’s the signal for other projects such as the prosperity programs and for many of the provisions of NESARA to begin. We need to talk about what a Global Currency Reset actually is.
Global Currency Reset – Overview
What is a “Global Currency Reset”? Let’s parse the term by first explaining that a currency reset is either a revaluation or devaluation of a nation’s currency within a fixed exchange rate system. If a nation revalues its currency, its central bank raises the value of the nation’s currency at a fixed peg with a reserve currency, such as the U.S. dollar. A devaluation would lower the value of the currency in relation to the reserve currency. The alternative — which most of the world’s developed economies use — is the free-floating currency, which means the currency’s value is independent of the values of other currencies. Hence, the value of a free-floating currency is determined by supply and demand.
Generally, a nation revalues its fixed exchange rate currency in response to positive economic growth and trade surpluses, as China did with the renminbi in 2005. If a nation runs trade deficits or suffers continuous capital outflows, they may find themselves obliged to devalue their currency. One way nations devalue free floating currencies is, intentionally or not, by inflation. Many economists assert that a fixed exchange rate muzzles inflation. However, the U.S. Federal Reserve has spent trillions buying securities through its Quantitative Easing program; officially, the federal government claims that the nation’s inflation rate has been around 2% annually. With all the new money introduced by the Fed over the past few years, the market dynamics of supply and demand dictate that high inflation or even hyperinflation is on the horizon for the U.S. dollar.
Thus, a “Global Currency Reset” (GCR) would be either a revaluation or devaluation of a reserve currency. It could even mean that the world moves away from the reserve currency altogether. The most apocalyptic scenario would involve a hundred countries or more simultaneously devaluing their currency – an event unprecedented in world history but one not beyond the realm of possibility. Why would this cataclysm occur? It would be a currency world war where scores of nations compete to lower their exchange rate to boost their exports and remedy trade deficits. And according to some economists, currency wars don’t contribute to economic depressions — they end them.
As the U.S. dollar has been the world’s reserve currency since World War II, a GCR would have a profound impact on the dollar’s role in international finance and trade. Perhaps most significantly, the U.S., which has borrowed exorbitantly since the time of the Vietnam War, would see its borrowing costs skyrocket. European economists have conceptualized the term “exorbitant privilege” for the advantage that the U.S. holds over other nations by benefit of being the world’s reserve currency. By serving as the world’s reserve currency, the U.S. would never face a currency crisis (i.e., a sudden currency devaluation). A GCR would remove America’s exorbitant privilege. BRIC nations are already in the process of moving away from the dollar. For example, China has established bilateral trade agreements with with Australia, Japan, Thailand, Russia and Vietnam that allows for direct currency trade instead of converting to the U.S. dollar.
What does this have to do with precious metals? A GCR, which is already beginning, will devalue the U.S. dollar, causing inflation to rise rapidly. If Americans (or anyone else) have their wealth stored in the dollar, a fiat currency, inflation will rob them of their affluence. What will serve as a reserve currency? Gold and other precious metals have traditionally been a steadfast haven for protecting wealth. When fiat currencies collapse beneath their worthless weight, intrinsic assets like gold and silver will remain as a benchmark for the world’s currencies. Just look at the amount of gold China, India and the other BRICs have purchased since the Great Recession and draw your own conclusions. We must have a Global Currency Reset very soon, as all fiat currencies are doomed. Precious metal sages are fond of saying: “Don’t wait to buy gold and silver. Buy gold and silver and wait.” That’s what the world’s richest individuals do. Now you understand the what you need to know about the Global Currency Reset.
I recently mentioned that the situation in Anbar could have a negative impact on the Iraq economy. The International Center for Development Studies (ICDS) based in the United Kingdom warned that the Iraq government would be bankrupt in three years. The military operation in Anbar, are currently fighting the terrorists. It is costing the Iraq government 7 million dollars a day.
The current deficit according to (ICDS) is approximately 50 billion dollars and the Iraq government runs the risk of Bankruptcy in 2017. Currently, the Iraq government is unable to pay the salaries of their employees as well as the salaries of the Kurdistan Regional Government (KRG).
As of now, the February salary payments will be paid. There are only half the funds available for the government employees for March.
Major oil companies are voicing their concerns about the security and the economy situation and could possibly leave the country. Leaving Iraq with lower production of oil and lacking the experience to produce more.
The U.K report stated that the $50 billion dollar deficit is unjustified as the Iraq budget was based on $90 oil prices and the oil price has not been lower than $100. It appears that maybe some corruption is involved in stealing the state money.
There is a new class according to the U.K. report of rich people currently in Iraq. This upper class are benefiting from their relationship with the Iraq government.
It was reported a few days ago that this group of people wanted to have private jets at the Baghdad airport. The Ministry of Transportation (MoT) has approved the sale of these private jets and they are going to be paid for by government funds.
Economists are surprised that the Iraq government can have a budget and never have to reveal the actual expenditures.
The Iraq government has not published the reports on their spending in their government accounts since 2004.
American Contractor will continue to monitor the situation and report on what is happening in Iraq. Iraq will eventually get past all of these issues. It may just take a little longer than we all anticipated.
I previously written about the written about the Parliamentary Finance Committee who has current oversight on the deletion of the zeros. It has been widely reported in local Baghdad media that the political and economic situation is currently not the best plan for deleting the three zeros from the Iraq currency.
The International Monetary Fund (IMF) is supportive of the new Iraq currency and other measures to help the Iraqi economy.
Shafaq News publishes in English, Arabic and Kurdish languages and has their own radio station in Iraq. Shafaq news has reported that during the next new legislative session in the Iraq parliament that they would bring up the issue of the new Iraq currency. The Shafaq news reporters have established contact with members of the Finance committees.
Parliamentary Finance Committee member, Haitham al-Jubouri recently conducted an interview with Shafaq news stating “The political and economic situation can’t bear opening this issue because the process of deleting zeros needs preparations and coordination with fiscal policy and coordinate with the parliament through legislations that covers the financial conversion.”
We look forward to the new legislative session after the new government has been seated to have the discussions about the new Iraq currency. This is great news and we hope the project of deleting the zeros is placed on the agenda of the new legislative session and not forgotten like before.
The American Contractor blogger has a great relationship with the Shafaq news reporter covering the Economic and banking industry. To stay up to date with the latest news from Iraq please visit the Shafaq news website.