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Thanks My Ladies for sending this to us today: MY LADIES: GOOD MORNING EVERYONE. I HAVE SOMETHING I WANT TO SHARE WITH EVERYONE.
YESTERDAY A DINAR SITE WAS BROUGHT TO MY ATTENTION, I HAD NEVER HEARD OF THIS SITE BEFORE BUT APPARENTLY IT HAS BEEN AROUND FOR A GOOD NUMBER OF YEARS.
THIS SITE APPEARS TO BE TOTALLY DEDICATED TO TEARING DOWN THE DINAR COMMUNITY AND EVERYONE IN IT. IT REEKS OF HATRED. I DON'T GET THE PURPOSE OF IT BUT HEY EVERYONE HAS A RIGHT TO LIVE HOW THEY SEE FIT, BUT IT GAVE ME SOMETHING TO THINK ABOUT.
MY POSTINGS FROM RECAPS ENDED UP ON THEIR SITE TOO AND THE NASTY HATE FILLED COMMENTS THAT CAME FROM PEOPLE I DON'T KNOW, THAT DON'T KNOW ME WERE RIDICULOUS.
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September 30, 2016
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies.
The value of the SDR is based on a basket of five major currencies-the U.S. dollar, euro, the Chinese renminbi (RMB), the Japanese yen, and pound sterling-as of October 1, 2016.
The role of the SDR
The SDR was created by the IMF in 1969 as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves-government or central bank holdings of gold and widely accepted foreign currencies-that could be used to purchase its domestic currency in foreign exchange markets, as required to maintain its exchange rate.
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WSOMN:
AdminBill: WORD IS THAT HISTORICAL BONDS READIED FOR FUNDING EARLY NEXT WEEK. RV/GCR WILL NEED TO GO PRIOR TO OR AT THE SAME TIME AS HB's. BEHIND THE SCENES ACTIVITY SPIKING INTERNATIONALLY.
NWMontana: Check out what the Swiss are doing...
Secret Swiss Gold Vaults
ECross: So, with the announcement today from the IMF on China joining the SDR basket for Oct. 1st shouldn't RV soon follow?
Snickers: So, did the IMF really make the China/SDR announcement yet? Where was it.
NWMontana: Snickers. Yes....
IMF SDR Basket
NWMontana: Snickers..No "formal" announcement on gold or asset backing though....some feel that will be a silently made move
Patience44: Many were thinking China was going gold backed on Oct 1st which could have had an effect on the RV
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IMF Launches New SDR Basket Including Chinese Renminbi, Determines New Currency Amounts September 30, 2016 Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period.
As approved by the Executive Board of the IMF on November 30, 2015, effective October 1, 2016, the RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, Japanese yen, and the British pound
(see Press Release No. 15/543).
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Post From Dinar Updates
Chat Room Excerpts & Highlights
]jfd says():Dont we need the dollar to decrease against the dinar and not rise??
larrykn says to jfd():when they do it it will
jfd says():So the rising and falling of the dinar at its present value does not mean anythihg?
DIGIman1 says to jfd():nothing
jfd says():(y)
DIGIman1 says to jfd():its a reflection of the strength of the USD
larrykn says():currency always floats around so no it really doesn't mean anything at this time
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The below posts were in our 6pm Newsletter
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Emailed to Recaps:
Anonymous: It sure seems we have a "Perfect Storm" right now for the RV/GCR to be released
Oct. 1st: New Fiscal year starts for the US and many, many other countries.
Oct. 1st : The IMF adds the Chinese Renminbi to the SDR basket as a Reserve Currency
Oct.2nd: The Islamic New Year Starts
Oct.3rd: Iraq Celebrates Independence Day
The world's Financial markets, Banks and Governments all seem to be in such dire straits right now...That if it doesn't happen during this "Perfect Storm" we have to ask ourselves:
What the Heck is it going to take to finally release it....or What the Heck are they really waiting for???????
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jfd says():Im no economist but,I believe that a cheap currency valued to the USD makes goods produced very cheap.My point is if Iraq comes out with a high value to the USD then they will never be able to sale goods on the open market and they will never deversify their economy.I have dinar glasses on like the rest of you but maybe Iraq will keep their currency at a low value until they can better deversify??({)
Ame says():WHO knows jfd
clay says to Ame():I'm with you there
clay says to Ame():but they do share oil with kuwait so I feel it has to be close to theirs
clay says to Ame():who knows
jfd says():Im positive about the investment just maybe we are way off on the timing.({)
Ame says():only TIME will tell 4 sure
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From Recaps Comment section:
Kelly: Question for Dr. Clarke.
Dr. Clarke, based on the events of the past 72-hours, are you still confident for "Calling This RV" for Monday, October 03rd 2016? Thank you for your time, Kelly
DR. CLARKE: Kelly, Thank You. We are completely prepared to be "Tortured, Ridiculed, Slain, Burned at the stake, Blamed, Caballed, Deviled, Evil-ed, Disavowed, Discredited, Favor-less, and completely Obliterated" by all of Dinarland......if it doesn't.
With a Smile on our Face...... :)
YES.
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IMF Launches New SDR Basket Including Chinese Renminbi, Determines New Currency Amounts
September 30, 2016
Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period.
As approved by the Executive Board of the IMF on November 30, 2015, effective October 1, 2016, the RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, Japanese yen, and the British pound ( see Press Release No. 15/543).
The Board also decided at that time that the weights of each currency would be 41.73 percent for the U.S. dollar, 30.93 percent for the Euro, 10.92 percent for the Chinese yuan, 8.33 percent for the Japanese yen, and 8.09 percent for the Pound sterling.
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In Yuan Global Push, China Seeks To Succeed Where Japan Failed
By Justina Lee and Enda Curran, (c) 2016, Bloomberg
(c) 2016, Bloomberg
As China's yuan takes the first steps toward becoming a global reserve currency, Japan offers a lesson on how hard it is to rival the dollar's supremacy.
The Japanese yen's share of global reserves reached a record 8.5 percent in 1991 as the nation's post-War industrial boom made its economy the world's second-largest. But its economic decline soon resulted in its clout shrinking as the euro gained ground and the greenback re-asserted its dominance.
While the yen is still ranked third for trading and fourth for payments, it now accounts for just 4 percent of world reserves, compared with the dollar's 64 percent and the yuan's 1 percent.
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TNT:
Mangelo: the market is down...I am so hoping we get some great news from Iraq!!!!
Barzani and Abadi met, that was the clock that Ray was waiting on, but he was also told that they would make an announcement like the HCL is done ...let's get this done... then possibly the RV to follow with number coming out soon after that, but he doesn't know if anything went that way.
With so many things going over there, meetings with UST and their financial people, and hearing they will be paid tomorrow on their cards, salaries etc. let's hope!!!
Suggar: mangelo I was away yesterday was there any word from iraq yesterday
Mangelo: SUGGAR that was an important day with China, since they will become the 2nd currency in the world. supposedly to follow to become asset backed
IdahoUSA : A relatively rare occurrence will take place tonight " Friday" in the nighttime sky: a black moon. The official time of the black moon in the Western Hemisphere starts at 8:11 p.m. EDT Friday. Skywatchers will have to look really, really hard if they want to see it.
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