Thank you Stonefree;
That explanation sets well with me!
Thank you Stonefree;
That explanation sets well with me!
Is anyone even slightly surprised that "your friendly Congressperson" or flag officer can conveniently purchase Dinars at:
?
Or that Wall-streeters can purchase Dinars at:
Bank of China?
Old Dinar-related article from Council on Foreign Relations.
But then....those are obvious heavy currency exchange centers.
Last edited by allodial; 06-20-11 at 05:26 AM.
All rights reserved. Without prejudice. No liability assumed. No value assured.
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.
When they say you learn something new everyday, it’s no joke. I didn’t know anything about a diner, now I know what they look like. Collectors are always quoted keeping a little of every currency on hand is a good thing.
Diversification .... specifically in this case with fiat currencies....Originally Posted by Chex
An Iraqi government consultant, former FBI prepared this report for me. The closet full of dinars belonged to his cousin. It was worthless overnight under Saddam. [The Northern Kurds could not redeem them; they were being exterminated.]
I ran these figures past him...
No way! - NO WAY!
Here is a Planet Dinar conference call from last night (6/28/11). The lady who starts about min 7 talks about linkage between dinar revaluation and global settlements (GS). About 13:30 she says "no, our funding comes from China."
https://www.freeconferencing.com/pla...cn=94-43-28-63
no value assured.
That explains a lot - Global Settlements Foundation. That was the sham operation behind RAP/RuSA too.
They have no funding from China. That line is stolen from James Timothy TURNER - the President of the united States of America.
another opinion:
The Revaluation of the Iraqi Dinar
How the U.S. Plans to Make Trillions
By Greg McCoach
Friday, July 8th, 2011
http://www.wealthdaily.com/articles/...aqi-dinar/3145U.S. national debt will exceed $14.5 trillion by the end of the summer.
The government has been underwater so long, it has gills...
But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road.
One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar.
The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry.
After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar.
Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur.
But here's the really interesting part...
The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq
Actually, you can still buy a thousand dinar for about a dollar.
Archaeologists Stumble Across a Hoard of Gold
http://news.nationalgeographic.com/n...a-archaeology/An unprecedented discovery of more than 2,000 gold coins off the north-central coast of Israel might be part of the largest gold hoard ever found in the eastern Mediterranean, according to archaeologists.
The coins are identified as dinars, the official currency of the Fatimid caliphate that ruled much of the Mediterranean from A.D. 909 to 1171.
The find was made by accident in early February, when a team of six sport divers spotted what they initially thought were a few toy coins on the seabed near the ancient harbor of Caesarea.
[..]
At its height in the mid-tenth to mid-eleventh centuries A.D., Fatimid rule stretched across North Africa and Sicily to the Levant, with trade ties that extended all the way to China. From its capital in Cairo, the caliphate controlled access to gold from sources in West Africa to the Mediterranean, and the currency crafted from the precious metal conveyed the Fatimids' formidable power and wealth.
A cursory study reveals that the earliest coin from the hoard was minted in Palermo, Sicily, while the majority came from official Fatimid mints in Egypt and other parts of North Africa and date to the reigns of Caliphs al-Hakim (A.D. 996-1021) and his son al-Zahir (A.D. 1021-1036). The coins are of two different denominations—whole dinars and quarter dinars—and are of various weights and sizes. Initial tests indicate that they are 24-karat gold with a purity of upwards of 95 percent.
"The amount of currency minted under the Fatimids is truly staggering," says Kool, who notes that as late as 1120 the caliphate's treasury was said to hold around 12 million dinars. "It was truly a monetary society. People got paid."
Wait. People got paid? It's like the author knows our present-day currency isn't money at all.
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