Notes From The Field By Simon Black
October 11, 2017 Santiago, Chile
This is the craziest mortgage scheme I’ve ever seen
The Great Financial Crisis happened because Wall Street was financing homes for people who couldn’t afford them.
Leading up to the GFC, there was a voracious appetite from investors for “AAA”-rated mortgage debt. So lenders would make lots of loans to subprime borrowers and sell them to Wall Street. Wall Street would pool them together and one of the major ratings agencies (like Moody’s or Standard & Poor’s) would stamp the steaming pile of garbage with AAA.
AAA by Moody’s definition means the investment “should survive the equivalent of the U.S. Great Depression.” In other words, it’s rock solid.
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Thursday AM 10-12-17
Blackgold: Just a little info about the Dinar. All that back screen crap about dinar being at $15 - $30 comes from what we call an Actuary. In the Market its name Futures and another sly name--Derivatives. When you google and learn what these mean, you will understand where those amounts come from. Nothing we might see
Blackgold: nothing but a big slot machine with your money
DinarResearcher: Hello everyone, I’ve been wondering if we were ever gonna see this and look at what we have here.
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"Something Big is Coming" - Fulford Report - 10.9.17
Benjamin Fulford, White Dragon Society
Suddenly MI6, Mossad, CIA, NSA, Pentagon, Yakuza and Others All Say Something Big Is Coming
By Benjamin 2017-10-09
EXCERPT... [White House Chief of Staff General John] Kelly summoned the Joint Chiefs of Staff and combatant commanders to the White House on October 5 to bring all hands on deck to back Trump against the NFL, Antifa, the deep state, and the cabal.”
The source continued by noting, “Even NSA boss Admiral Mike Rogers and Pacific Commander-in-Chief Admiral Harry Harris were invited, as Trump said cryptically that this is ‘the calm before the storm.’”
The “storm” would take place in the form of mass arrests, the issuance of a new currency, and the launch of a global currency reset, the source said.
“‘Calm before the storm’ means the swamp is about to be cleaned out and they are all scared sh#tless, so we better take a picture,” a CIA source confirmed.
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KTFA:
Samson: Iraqi Economists Association: 10 trillion dinars revenues of duties and taxes in the budget of 2018
12th October, 2017
The Vice President of the Iraqi Economists Association, Bassem Jamil Antoine, said on Thursday that the revenues of duties and taxes in the budget 2018 will reach 10 trillion dinars, adding that the budget for 2018 will be similar to the budget this year, indicating that the budget next year of a rental.
Antoine said in an interview with "Economy News" that "the general budget for 2018 will depend on the tightening of the operating budget included salaries," noting that "the rise in oil prices worldwide and the adoption of the imposition of duties and taxes will lead to the budget of 10 trillion dinars as non-oil resources."
He added that "the budget will be voted on in the form of programs and not items and the implementation of the program is followed by the House of Representatives and other regulatory bodies."
"The size of the Maronites for 2018 is no different from its size in the current budget
