Sat Mar 23, 2024 11:33 pm by globalturbo
IQD DEVELOPMENTS ---- MUST READ
Sunday, July 15, 2012
IQD DEVELOPMENTS ---- MUST READ
I received bits and pieces of the below story but until I received the
detail of information listed below, I was not able to piece it together.
The IQD Developments appear to provide a completed package for delivery
.. Timing is also ripe for political rhetoric and maneuvers in this
country (using dinar for
improvements in our economy to prevail at an election) since it takes 3
months to see any economic improvements thus enter the RV now.
The detail below suggest reality for a definitive revaluation. We shall see.
Keep your prayers in mind for all those who are hurting by the actions of our political leaders around the globe.
Keep in mind that with the cash out comes the Prosperity Programs,
Global Settlements and US Treasury Notes for pending asset based
system. Prisoners that never injured and remain in jail will be free,
there will be no more foreclosures and the collection arm for the
illuminati commonly known as the IRS will be be no longer. If they are
sucked into the UST, have no clue as to what new police role they will
play but it wont be to collect anything from anyone.
The US and those looking to use the dinar or other currencies for their
political meal ticket, they need at least 3 months to jump start the
economy with spending power of the dinar so we will see if this is it
Have a blessed day, and a hopeful week
Blessings
XXXXX
=====================================================================================================================
Subject: Fwd: IQD DEVELOPMENTS
We'll see....
Good Morning, Family!
The
past 24 hours have brought about some extremely interesting
developments. Friday Night a group of us gathered for a private
discussion on these developments, including Memphis, Zochowski,, Inner
Harmony, PAPPA-J, Rick Price and myself. I'm posting this as a summary
of our discussion at their recommendation.
Thursday
at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt
Exchange, and shortly thereafter on the Paris Exchange. For reasons
explained otherwise, it did not appear on Citibank’s FOREX site in the
U.S., and that may be because the USD was not referenced in this
announcement.
The actual exchange looked like this:
EUR/IQD (EUR-IQD.F)-Frankfurt
0.16 1,555.5270 (99.9900%) Jul 12
Add to Portfolio. Prev Close: 1,474.7684
Open: N/A
Bid: N/A
Ask: N/A
Day's Range: N/A - N/A
52wk Range: 1,436.6387 - 1,678.8651
..Compare Brokers
EUR-IQD.F EUR/IQD 0.16 Currencies FRA
EURIQD=X EUR/IQD 1,418.05 Currencies CCY
As
you can see, the IQD was referenced to the Euro. The Euro was equal (in
this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take
the current value of the Euro against the US Dollar and we have a
valuation of the IQD against the USD equal to $7.62.
Thursday
night’s appearance on both the Frankfurt and Paris exchanges did more
than raise some eyebrows. Delta’s first reaction was that this was a
glitch in the FOREX computers, but the rate continued to display for
some seven hours. (Update: The rate was still there, by the way, as of
noon Friday.) We’ve seen glitches before, but they generally last for a
few minutes, and maybe an hour at the absolute outside.
There was, however, a fascinating coincidence
to the appearance of this item on FOREX (and if you believe that it was
a coincidence, I've got a bridge for sale! GRIN!). On the day following
the appearance of this rate with both Frankfurt and Paris FOREX
exchanges, we learn that the Iraqi Minister of Finance as well as
other representatives from the GOI were in Frankfurt and Paris to open
up embassies. Makes you go, HMMMMMMMM....
In
a previous post, I’ve noted that there has been some ongoing discussion
regarding an effort by the U.S. Fed to push the USD to some specific
target value against the so-called “basket of currencies” (by which the
USD is measured). There’s been a fair amount of speculation among our
analysts as to just what that target might be. Because the IQD (at the
program rate of 1166/Dollar) has generally been valued at $.000855 (or
thereabouts), the speculation has been that the target value of the USD
against the basket of currencies was likely about $.86. The Dollar has
for many months ranged between $.79 and $.82, hitting a high roughly a
year ago of $.8250.
At the close of the exchanges Thursday night, the USD was at $.8378 against the basket of currencies – the highest we’ve seen in years. Friday
morning, the following headline appeared on Citibank’s New York FOREX
exchange under a byline by Michael Boutros: US Dollar Index Reaches
10,070 Objective- Consolidation Ahead. Because we’ve been using the
traditional basket of currencies against which the USD’s value is
established worldwide, it never occurred to us that the Fed’s objective
(along with all of the other central banks) was predicated on a
measurement of a much larger (worldwide?) basket. What this headline
(and the attendant article) is telling us is that the target valuation
for the USD has been reached – a rate which currencies worldwide can use
as a baseline, and a rate which makes the upcoming IQD RV (as well as a
group of other currency revaluations) desirable.
Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s
where things get interesting. The FRA notation has a double meaning.
The first is “Fixed Rate Adjustment.” The second is “Forward Rate
Agreement.” In short, a forward rate agreement (FRA) is an
over-the-counter financial futures contract on short-term deposits.
Both
of these uses of the FRA notation indicate an increase in value and
advise currency traders and businesses/nations engaged in contract
negotiations with Iraq that the IQD is about to revalue and that future
contracts will need to incorporate the new rate.
This would seem to indicate that the target rate for the IQD is $7.62.
(I would highly caution all of you to consider this figure with a lot
of question marks. For all practical purposes it doubles Frank's $3.86
projection.) Does that mean that Dr. Shabibi will make his announcement with the IQD coming out all at once at this 7.62 rate?
For
those of us who have analyzed this piece of information, it would seem
like that would cause a shock in many economies, and that a gradual
increase over a six-to-twelve month (or even an 18-month) span in 90-day
increments, the first being at Ernst & Young’s suggested $1.30 rate
being the more logical and probable.
I
don’t have that answer – YET! What I do know is that the wheels are
turning and Shabibi’s announcement is imminent. If we get anything like
$7.62 at the outset, you’ll have to cover your ears to protect your
hearing from the deafening roar of excitement!
Lastly,
there’s been more than a little scuttle about both Shabibi and Maliki
(the PM) awaiting the return of Talabani, Iraq’s President, and
affording him the honor of making the announcement. Friday’s news
indicates that Talabani will be back
in one week, and that he has been recuperating from back surgery.
Frank's mention of July 23rd as a highly possible date sits well with
all of us.
Finally,
the last item in our discussion was a phone call I received late
yesterday morning from a longtime friend who has retired from the RCMP
and served as the equivalent head of Canada's Secret Service (Sorry, but
I don't remember what they call this particular division of the RCMP).
This gentleman is not given to dreams or visions, and is very
fact-oriented and takes a sober, businesslike approach to things. He
also happens to be an investor in IQD.
He
was awakened Friday morning out of a dream that gripped him with its
significance. In this dream he saw Satan standing over a prostrated man
with his foot on his chest. As he began to take a closer look, he said
that the chest was literally covered with and/or made up of Dinar. As he
continued to survey the situation, he saw our current WH administration
standing by smiling broadly. At the same time he heard the voice of God
speak and say, "That's enough! Take your foot off now!" Satan was
forced to take his foot off and the man arose. The implication was
clear. However Satan has been restricting things, whatever means he has
used to block this release, God has freed things.
That’s
where we are, folks. Inch by inch by inch by inch we’ve been getting
there. I remind you once again of the prophetic word that Kim Clement
gave last year: NOTHING! NOTHING! NOTHING! and then SUDDENLY!
Blessings on you.
XXXXXXX
------- End of forwarded message -------
============================================================================================================================================
THIS MAY BE SPIN
Hey guys! My friend just sent this, but he says it is a secret...
I just got a call this is secret the
Federal Judge went to the bank, he was supposed to have access to his
money yesterday. They wanted to just sign an extension and he said No I
want my currency back I don't trust Obama they told him it was going
down TONIGHT!!!!
XXXXX
==========================================================================================================================================
More detail on the Forex activity in Europe
Subject IQD Develpments
July 14, 2012
We'll see
Good Morning, Family!
The
past 24 hours have brought about some extremely interesting
developments. Friday Night a group of us gathered for a private
discussion on these developments, including Memphis, Zochowski,, Inner
Harmony, PAPPA-J, Rick Price and myself. I'm posting this as a summary
of our discussion at their recommendation.
Thursday
at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt
Exchange, and shortly thereafter on the Paris Exchange. For reasons
explained otherwise, it did not appear on Citibank’s FOREX site in the
U.S., and that may be because the USD was not referenced in this
announcement.
The actual exchange looked like this:
EUR/IQD (EUR-IQD.F)-Frankfurt
0.16 1,555.5270 (99.9900%) Jul 12
Add to Portfolio. Prev Close: 1,474.7684
Open: N/A
Bid: N/A
Ask: N/A
Day's Range: N/A - N/A
52wk Range: 1,436.6387 - 1,678.8651
..Compare Brokers
EUR-IQD.F EUR/IQD 0.16 Currencies FRA
EURIQD=X EUR/IQD 1,418.05 Currencies CCY
As
you can see, the IQD was referenced to the Euro. The Euro was equal (in
this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take
the current value of the Euro against the US Dollar and we have a
valuation of the IQD against the USD equal to $7.62.
Thursday
night’s appearance on both the Frankfurt and Paris exchanges did more
than raise some eyebrows. Delta’s first reaction was that this was a
glitch in the FOREX computers, but the rate continued to display for
some seven hours. (Update: The rate was still there, by the way, as of
noon Friday.) We’ve seen glitches before, but they generally last for a
few minutes, and maybe an hour at the absolute outside.
There
was, however, a fascinating coincidence to the appearance of this item
on FOREX (and if you believe that it was a coincidence, I've got a
bridge for sale! GRIN!). On the day following the appearance of this
rate with both Frankfurt and Paris FOREX exchanges, we learn that the
Iraqi Minister of Finance as well as other representatives from the GOI
were in Frankfurt and Paris to open up embassies. Makes you go,
HMMMMMMMM....
In
a previous post, I’ve noted that there has been some ongoing discussion
regarding an effort by the U.S. Fed to push the USD to some specific
target value against the so-called “basket of currencies” (by which the
USD is measured). There’s been a fair amount of speculation among our
analysts as to just what that target might be. Because the IQD (at the
program rate of 1166/Dollar) has generally been valued at $.000855 (or
thereabouts), the speculation has been that the target value of the USD
against the basket of currencies was likely about $.86. The Dollar has
for many months ranged between $.79 and $.82, hitting a high roughly a
year ago of $.8250.
At
the close of the exchanges Thursday night, the USD was at $.8378
against the basket of currencies – the highest we’ve seen in years.
Friday morning, the following headline appeared on Citibank’s New York
FOREX exchange under a byline by Michael Boutros: US Dollar Index
Reaches 10,070 Objective- Consolidation Ahead. Because we’ve been using
the traditional basket of currencies against which the USD’s value is
established worldwide, it never occurred to us that the Fed’s objective
(along with all of the other central banks) was predicated on a
measurement of a much larger (worldwide?) basket. What this headline
(and the attendant article) is telling us is that the target valuation
for the USD has been reached – a rate which currencies worldwide can use
as a baseline, and a rate which makes the upcoming IQD RV (as well as a
group of other currency revaluations) desirable.
Now,
let me go back to the posting which appeared Thursday night on
Frankfurt’s FOREX exchange. You will see the following notation:
EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get
interesting. The FRA notation has a double meaning. The first is “Fixed
Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a
forward rate agreement (FRA) is an over-the-counter financial futures
contract on short-term deposits.
Both
of these uses of the FRA notation indicate an increase in value and
advise currency traders and businesses/nations engaged in contract
negotiations with Iraq that the IQD is about to revalue and that future
contracts will need to incorporate the new rate.
This
would seem to indicate that the target rate for the IQD is $7.62. (I
would highly caution all of you to consider this figure with a lot of
question marks. For all practical purposes it doubles Frank's $3.86
projection.) Does that mean that Dr. Shabibi will make his announcement
with the IQD coming out all at once at this 7.62 rate?
For
those of us who have analyzed this piece of information, it would seem
like that would cause a shock in many economies, and that a gradual
increase over a six-to-twelve month (or even an 18-month) span in 90-day
increments, the first being at Ernst & Young’s suggested $1.30 rate
being the more logical and probable.
I
don’t have that answer – YET! What I do know is that the wheels are
turning and Shabibi’s announcement is imminent. If we get anything like
$7.62 at the outset, you’ll have to cover your ears to protect your
hearing from the deafening roar of excitement!
Lastly,
there’s been more than a little scuttle about both Shabibi and Maliki
(the PM) awaiting the return of Talabani, Iraq’s President, and
affording him the honor of making the announcement. Friday’s news
indicates that Talabani will be back in one week, and that he has been
recuperating from back surgery. Frank's mention of July 23rd as a highly
possible date sits well with all of us.
Finally,
the last item in our discussion was a phone call I received late
yesterday morning from a longtime friend who has retired from the RCMP
and served as the equivalent head of Canada's Secret Service (Sorry, but
I don't remember what they call this particular division of the RCMP).
This gentleman is not given to dreams or visions, and is very
fact-oriented and takes a sober, businesslike approach to things. He
also happens to be an investor in IQD.
He
was awakened Friday morning out of a dream that gripped him with its
significance. In this dream he saw Satan standing over a prostrated man
with his foot on his chest. As he began to take a closer look, he said
that the chest was literally covered with and/or made up of Dinar. As he
continued to survey the situation, he saw our current WH administration
standing by smiling broadly. At the same time he heard the voice of God
speak and say, "That's enough! Take your foot off now!" Satan was
forced to take his foot off and the man arose. The implication was
clear. However Satan has been restricting things, whatever means he has
used to block this release, God has freed things.
That’s
where we are, folks. Inch by inch by inch by inch we’ve been getting
there. I remind you once again of the prophetic word that Kim Clement
gave last year: NOTHING! NOTHING! NOTHING! and then SUDDENLY!
Blessings on you.
XXXXXX
Posted by
John MacHaffie
at
9:42 AM
Link: http://www.nesaranews.blogspot.com/2012/07/iqd-developments-must-read.html
Sunday, July 15, 2012
IQD DEVELOPMENTS ---- MUST READ
I received bits and pieces of the below story but until I received the
detail of information listed below, I was not able to piece it together.
The IQD Developments appear to provide a completed package for delivery
.. Timing is also ripe for political rhetoric and maneuvers in this
country (using dinar for
improvements in our economy to prevail at an election) since it takes 3
months to see any economic improvements thus enter the RV now.
The detail below suggest reality for a definitive revaluation. We shall see.
Keep your prayers in mind for all those who are hurting by the actions of our political leaders around the globe.
Keep in mind that with the cash out comes the Prosperity Programs,
Global Settlements and US Treasury Notes for pending asset based
system. Prisoners that never injured and remain in jail will be free,
there will be no more foreclosures and the collection arm for the
illuminati commonly known as the IRS will be be no longer. If they are
sucked into the UST, have no clue as to what new police role they will
play but it wont be to collect anything from anyone.
The US and those looking to use the dinar or other currencies for their
political meal ticket, they need at least 3 months to jump start the
economy with spending power of the dinar so we will see if this is it
Have a blessed day, and a hopeful week
Blessings
XXXXX
=====================================================================================================================
Subject: Fwd: IQD DEVELOPMENTS
We'll see....
Good Morning, Family!
The
past 24 hours have brought about some extremely interesting
developments. Friday Night a group of us gathered for a private
discussion on these developments, including Memphis, Zochowski,, Inner
Harmony, PAPPA-J, Rick Price and myself. I'm posting this as a summary
of our discussion at their recommendation.
Thursday
at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt
Exchange, and shortly thereafter on the Paris Exchange. For reasons
explained otherwise, it did not appear on Citibank’s FOREX site in the
U.S., and that may be because the USD was not referenced in this
announcement.
The actual exchange looked like this:
EUR/IQD (EUR-IQD.F)-Frankfurt
0.16 1,555.5270 (99.9900%) Jul 12
Add to Portfolio. Prev Close: 1,474.7684
Open: N/A
Bid: N/A
Ask: N/A
Day's Range: N/A - N/A
52wk Range: 1,436.6387 - 1,678.8651
..Compare Brokers
EUR-IQD.F EUR/IQD 0.16 Currencies FRA
EURIQD=X EUR/IQD 1,418.05 Currencies CCY
As
you can see, the IQD was referenced to the Euro. The Euro was equal (in
this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take
the current value of the Euro against the US Dollar and we have a
valuation of the IQD against the USD equal to $7.62.
Thursday
night’s appearance on both the Frankfurt and Paris exchanges did more
than raise some eyebrows. Delta’s first reaction was that this was a
glitch in the FOREX computers, but the rate continued to display for
some seven hours. (Update: The rate was still there, by the way, as of
noon Friday.) We’ve seen glitches before, but they generally last for a
few minutes, and maybe an hour at the absolute outside.
There was, however, a fascinating coincidence
to the appearance of this item on FOREX (and if you believe that it was
a coincidence, I've got a bridge for sale! GRIN!). On the day following
the appearance of this rate with both Frankfurt and Paris FOREX
exchanges, we learn that the Iraqi Minister of Finance as well as
other representatives from the GOI were in Frankfurt and Paris to open
up embassies. Makes you go, HMMMMMMMM....
In
a previous post, I’ve noted that there has been some ongoing discussion
regarding an effort by the U.S. Fed to push the USD to some specific
target value against the so-called “basket of currencies” (by which the
USD is measured). There’s been a fair amount of speculation among our
analysts as to just what that target might be. Because the IQD (at the
program rate of 1166/Dollar) has generally been valued at $.000855 (or
thereabouts), the speculation has been that the target value of the USD
against the basket of currencies was likely about $.86. The Dollar has
for many months ranged between $.79 and $.82, hitting a high roughly a
year ago of $.8250.
At the close of the exchanges Thursday night, the USD was at $.8378 against the basket of currencies – the highest we’ve seen in years. Friday
morning, the following headline appeared on Citibank’s New York FOREX
exchange under a byline by Michael Boutros: US Dollar Index Reaches
10,070 Objective- Consolidation Ahead. Because we’ve been using the
traditional basket of currencies against which the USD’s value is
established worldwide, it never occurred to us that the Fed’s objective
(along with all of the other central banks) was predicated on a
measurement of a much larger (worldwide?) basket. What this headline
(and the attendant article) is telling us is that the target valuation
for the USD has been reached – a rate which currencies worldwide can use
as a baseline, and a rate which makes the upcoming IQD RV (as well as a
group of other currency revaluations) desirable.
Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s
where things get interesting. The FRA notation has a double meaning.
The first is “Fixed Rate Adjustment.” The second is “Forward Rate
Agreement.” In short, a forward rate agreement (FRA) is an
over-the-counter financial futures contract on short-term deposits.
Both
of these uses of the FRA notation indicate an increase in value and
advise currency traders and businesses/nations engaged in contract
negotiations with Iraq that the IQD is about to revalue and that future
contracts will need to incorporate the new rate.
This would seem to indicate that the target rate for the IQD is $7.62.
(I would highly caution all of you to consider this figure with a lot
of question marks. For all practical purposes it doubles Frank's $3.86
projection.) Does that mean that Dr. Shabibi will make his announcement with the IQD coming out all at once at this 7.62 rate?
For
those of us who have analyzed this piece of information, it would seem
like that would cause a shock in many economies, and that a gradual
increase over a six-to-twelve month (or even an 18-month) span in 90-day
increments, the first being at Ernst & Young’s suggested $1.30 rate
being the more logical and probable.
I
don’t have that answer – YET! What I do know is that the wheels are
turning and Shabibi’s announcement is imminent. If we get anything like
$7.62 at the outset, you’ll have to cover your ears to protect your
hearing from the deafening roar of excitement!
Lastly,
there’s been more than a little scuttle about both Shabibi and Maliki
(the PM) awaiting the return of Talabani, Iraq’s President, and
affording him the honor of making the announcement. Friday’s news
indicates that Talabani will be back
in one week, and that he has been recuperating from back surgery.
Frank's mention of July 23rd as a highly possible date sits well with
all of us.
Finally,
the last item in our discussion was a phone call I received late
yesterday morning from a longtime friend who has retired from the RCMP
and served as the equivalent head of Canada's Secret Service (Sorry, but
I don't remember what they call this particular division of the RCMP).
This gentleman is not given to dreams or visions, and is very
fact-oriented and takes a sober, businesslike approach to things. He
also happens to be an investor in IQD.
He
was awakened Friday morning out of a dream that gripped him with its
significance. In this dream he saw Satan standing over a prostrated man
with his foot on his chest. As he began to take a closer look, he said
that the chest was literally covered with and/or made up of Dinar. As he
continued to survey the situation, he saw our current WH administration
standing by smiling broadly. At the same time he heard the voice of God
speak and say, "That's enough! Take your foot off now!" Satan was
forced to take his foot off and the man arose. The implication was
clear. However Satan has been restricting things, whatever means he has
used to block this release, God has freed things.
That’s
where we are, folks. Inch by inch by inch by inch we’ve been getting
there. I remind you once again of the prophetic word that Kim Clement
gave last year: NOTHING! NOTHING! NOTHING! and then SUDDENLY!
Blessings on you.
XXXXXXX
------- End of forwarded message -------
============================================================================================================================================
THIS MAY BE SPIN
Hey guys! My friend just sent this, but he says it is a secret...
I just got a call this is secret the
Federal Judge went to the bank, he was supposed to have access to his
money yesterday. They wanted to just sign an extension and he said No I
want my currency back I don't trust Obama they told him it was going
down TONIGHT!!!!
XXXXX
==========================================================================================================================================
More detail on the Forex activity in Europe
Subject IQD Develpments
July 14, 2012
We'll see
Good Morning, Family!
The
past 24 hours have brought about some extremely interesting
developments. Friday Night a group of us gathered for a private
discussion on these developments, including Memphis, Zochowski,, Inner
Harmony, PAPPA-J, Rick Price and myself. I'm posting this as a summary
of our discussion at their recommendation.
Thursday
at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt
Exchange, and shortly thereafter on the Paris Exchange. For reasons
explained otherwise, it did not appear on Citibank’s FOREX site in the
U.S., and that may be because the USD was not referenced in this
announcement.
The actual exchange looked like this:
EUR/IQD (EUR-IQD.F)-Frankfurt
0.16 1,555.5270 (99.9900%) Jul 12
Add to Portfolio. Prev Close: 1,474.7684
Open: N/A
Bid: N/A
Ask: N/A
Day's Range: N/A - N/A
52wk Range: 1,436.6387 - 1,678.8651
..Compare Brokers
EUR-IQD.F EUR/IQD 0.16 Currencies FRA
EURIQD=X EUR/IQD 1,418.05 Currencies CCY
As
you can see, the IQD was referenced to the Euro. The Euro was equal (in
this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take
the current value of the Euro against the US Dollar and we have a
valuation of the IQD against the USD equal to $7.62.
Thursday
night’s appearance on both the Frankfurt and Paris exchanges did more
than raise some eyebrows. Delta’s first reaction was that this was a
glitch in the FOREX computers, but the rate continued to display for
some seven hours. (Update: The rate was still there, by the way, as of
noon Friday.) We’ve seen glitches before, but they generally last for a
few minutes, and maybe an hour at the absolute outside.
There
was, however, a fascinating coincidence to the appearance of this item
on FOREX (and if you believe that it was a coincidence, I've got a
bridge for sale! GRIN!). On the day following the appearance of this
rate with both Frankfurt and Paris FOREX exchanges, we learn that the
Iraqi Minister of Finance as well as other representatives from the GOI
were in Frankfurt and Paris to open up embassies. Makes you go,
HMMMMMMMM....
In
a previous post, I’ve noted that there has been some ongoing discussion
regarding an effort by the U.S. Fed to push the USD to some specific
target value against the so-called “basket of currencies” (by which the
USD is measured). There’s been a fair amount of speculation among our
analysts as to just what that target might be. Because the IQD (at the
program rate of 1166/Dollar) has generally been valued at $.000855 (or
thereabouts), the speculation has been that the target value of the USD
against the basket of currencies was likely about $.86. The Dollar has
for many months ranged between $.79 and $.82, hitting a high roughly a
year ago of $.8250.
At
the close of the exchanges Thursday night, the USD was at $.8378
against the basket of currencies – the highest we’ve seen in years.
Friday morning, the following headline appeared on Citibank’s New York
FOREX exchange under a byline by Michael Boutros: US Dollar Index
Reaches 10,070 Objective- Consolidation Ahead. Because we’ve been using
the traditional basket of currencies against which the USD’s value is
established worldwide, it never occurred to us that the Fed’s objective
(along with all of the other central banks) was predicated on a
measurement of a much larger (worldwide?) basket. What this headline
(and the attendant article) is telling us is that the target valuation
for the USD has been reached – a rate which currencies worldwide can use
as a baseline, and a rate which makes the upcoming IQD RV (as well as a
group of other currency revaluations) desirable.
Now,
let me go back to the posting which appeared Thursday night on
Frankfurt’s FOREX exchange. You will see the following notation:
EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get
interesting. The FRA notation has a double meaning. The first is “Fixed
Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a
forward rate agreement (FRA) is an over-the-counter financial futures
contract on short-term deposits.
Both
of these uses of the FRA notation indicate an increase in value and
advise currency traders and businesses/nations engaged in contract
negotiations with Iraq that the IQD is about to revalue and that future
contracts will need to incorporate the new rate.
This
would seem to indicate that the target rate for the IQD is $7.62. (I
would highly caution all of you to consider this figure with a lot of
question marks. For all practical purposes it doubles Frank's $3.86
projection.) Does that mean that Dr. Shabibi will make his announcement
with the IQD coming out all at once at this 7.62 rate?
For
those of us who have analyzed this piece of information, it would seem
like that would cause a shock in many economies, and that a gradual
increase over a six-to-twelve month (or even an 18-month) span in 90-day
increments, the first being at Ernst & Young’s suggested $1.30 rate
being the more logical and probable.
I
don’t have that answer – YET! What I do know is that the wheels are
turning and Shabibi’s announcement is imminent. If we get anything like
$7.62 at the outset, you’ll have to cover your ears to protect your
hearing from the deafening roar of excitement!
Lastly,
there’s been more than a little scuttle about both Shabibi and Maliki
(the PM) awaiting the return of Talabani, Iraq’s President, and
affording him the honor of making the announcement. Friday’s news
indicates that Talabani will be back in one week, and that he has been
recuperating from back surgery. Frank's mention of July 23rd as a highly
possible date sits well with all of us.
Finally,
the last item in our discussion was a phone call I received late
yesterday morning from a longtime friend who has retired from the RCMP
and served as the equivalent head of Canada's Secret Service (Sorry, but
I don't remember what they call this particular division of the RCMP).
This gentleman is not given to dreams or visions, and is very
fact-oriented and takes a sober, businesslike approach to things. He
also happens to be an investor in IQD.
He
was awakened Friday morning out of a dream that gripped him with its
significance. In this dream he saw Satan standing over a prostrated man
with his foot on his chest. As he began to take a closer look, he said
that the chest was literally covered with and/or made up of Dinar. As he
continued to survey the situation, he saw our current WH administration
standing by smiling broadly. At the same time he heard the voice of God
speak and say, "That's enough! Take your foot off now!" Satan was
forced to take his foot off and the man arose. The implication was
clear. However Satan has been restricting things, whatever means he has
used to block this release, God has freed things.
That’s
where we are, folks. Inch by inch by inch by inch we’ve been getting
there. I remind you once again of the prophetic word that Kim Clement
gave last year: NOTHING! NOTHING! NOTHING! and then SUDDENLY!
Blessings on you.
XXXXXX
Posted by
John MacHaffie
at
9:42 AM
Link: http://www.nesaranews.blogspot.com/2012/07/iqd-developments-must-read.html
