9/10/2019 HOW EXCHANGE RATES WORK   by MY LADIES
HELLO FOLKS, HOW IS EVERYONE DOING? I NEED TO START THINGS OFF BY LETTING YOU KNOW I DO NOT HAVE �INTEL� FOR HEAVENS SAKE. I DO NOT GIVE MY OPINIONS ON WHAT IS HAPPENING IN THE WORLD. I SIMPLY GATHER VERIFIABLE LOGICAL TRUTHFUL FACTS THAT ARE NOT OPINION BASED AND SUPPLY YOU WITH LINKS TO READ ON YOUR OWN. FROM THERE YOU MAY BASE YOUR OWN DECISIONS ON WHAT YOU READ.

I DO NOT WANT TO KEEP GETTING DRAGGED INTO THE SNAKE PIT OF THE DINAR VILLAGE. NOTHING I WRITE OR POST IS MY OPINION. DO WE ALL UNDERSTAND THAT?? WHAT CHOICES I�VE MADE OR WHAT I AM DOING WITH MY OWN PERSONAL INVESTMENTS SHOULD HAVE NO BEARING ON WHAT THE REST OF YOU DECIDE TO DO.

I AM SIMPLY PROVIDING USEFUL INFORMATION TO HELP YOU UNDERSTAND HOW �STUFF� WORKS IF THIS INFORMATION IS NOT USEFUL TO YOU THEN PLEASE MOVE ON, NO HARD FEELINGS, BUT FOR HEAVENS SAKE DO NOT COME BACK ASKING ME WHY YOU SHOULD BELIEVE A WORD I SAY. I AM NOT GIVING YOU ANY OF MY WORDS, I AM GIVING YOU READING MATERIAL AND YOU CAN TAKE IT OR LEAVE IT. VERY SIMPLE. SO NOW MOVING ON WITH THOSE THAT WANT TO KNOW HOW STUFF WORKS HERE WE GO.

TODAY I WANT TO TALK ABOUT HOW CURRENCY EXCHANGE REGIMES WORK. FOR STARTERS HOW MANY DIFFERENT REGIMES ARE THERE?

THERE ARE THREE BASIC TYPES OF EXCHANGE REGIMES: FLOATING EXCHANGE, FIXED EXCHANGE, AND PEGGED FLOAT EXCHANGE.

I HAVE A GREAT SITE HERE CALLED HOW STUFF WORKS, AND YOU SHOULD HAVE A LOOK AT IT FOR BETTER UNDERSTANDING AND WATCH THE VIDEO ON EXCHANGE RATES.

How Exchange Rates Work

https://money.howstuffworks.com/exchange-rate.htm


LET�S LOOK INTO WHAT EXACTLY IS A FLOATING EXCHANGE REGIME?

A FLOATING EXCHANGE RATE IS A REGIME WHERE THE CURRENCY PRICE OF A NATION IS SET BY TE FOREX MARKET BASED ON SUPPLY AND DEMAND RELATIVE TO OTHER CURRENCIES. HERE�S HOW TT WORKS: FLOATING EXCHANGE RATE SYSTEMS MEAN LONG TERM CURRENCY PRICE CHANGES REFLECT THE ECONOMIC STRENGTH AND INTREST RATE DIFFERENTIALS BETWEEN COUNTRIES.

SHORT TERM MOVES IN A FLOATING EXCHANGE RATE CURRENCY REFLECT SPECULATION, RUMORS, DISASTERS, AND DAILY SUPPLY AND DEMAND. SO, LETS SAY IF THE SUPPLY OF CURRENCY WAS SOMEWHERE AROUND 44 TRILLION IN THE STREET THE RATE OF THAT WOULD FALL. LIKEWISE, IF THE DEMAND FOR THAT CURRENCY WAS GREATER THAN LET�S SAY 44 TRILLION THAT CURRENCY RATE WOULD RISE.

EXTREME MOVES IN A CURRENCY USUALLY RESULT IN INTERVENTION BY THE CENTRAL BANK AND THE GOVERNMENT. A CURRENCY THAT IS TOO HIGH COULD AFFECT A NATIONS ECONOMY NEGATIVELY, WHICH COULD AFFECT TRADE AND TE ABILITY TO PAY DEBTS. USUALLY THE GOVERNMENT OR CENTRAL BANK WILL STEP IN AND PUT MEASURES IN PLACE TO MOVE THE CURRENCY TO A LOWER MORE FAVORABLE PRICE.

https://www.investopedia.com/terms/f/floatingexchangerate.asp

WE SEE CHINA DOING THAT ALL THE TIME, RESETTING THEIR CURRENCY LOWER. WE SEE THAT HAPPENING WITH THE US DOLLAR WHEN THE INDEX GETS TOO HIGH STEPS ARE TAKEN TO LOWER INTREST RATES AND MARKETS WAIT ON FED ANNOUNCEMENTS TO DECIDE HOW TO MOVE. THESE ARE ALL EXAMPLES OF INTERVETION FROM GOVERNMENTS AND CENTRAL BANKS. THE LAST 2 MONTHS WE HAVE SEEN A LOT OF COMMENTARY FROM THE WHITE HOUSE ABOUT DEBASING THE DOLLAR. MAKING THE DOLLAR LOWER ON THE EXCHANGE.

https://markets.businessinsider.com/news/stocks/trump-trade-war-strong-dollar-defies-desire-for-weak-currency-2019-8-1028460361

https://www.bloomberg.com/news/articles/2019-08-01/what-exactly-does-trump-want-for-the-dollar

CONTRARY TO WHAT MOST OF YOU THINK A STRONG CURRENCY IN ANY NATION IS VERY HARD ON THE ECONOMY OF THAT COUNTRY, THAT HOLDS TRUE EVEN FOR THE UNITED STATES.

NOW LET�S LOOK AT A FIXED EXCHANGE RATE. A FIXED EXCHANGE RATE IS A REGIME APPLIED BY A GOVERNMENT OR CENTRAL BANK THAT TIES A COUNTRIES CURRENCY OFFICIAL EXCHANGE RATE TO ANOTHER COUNTRIES CURRENCY PRICE. THE REASON FOR THIS IS TO KEEP A CURRENCY VALUE WITHIN A VERY NARROW BAND. THIS IS WHAT IS MEANT BY PEGGING ONE CURRENCY TO ANOTHER.

https://www.investopedia.com/terms/f/fixedexchangerate.asp

THE LAST REGIME IS KNOWN AS PEGGED FLOAT OR MANAGED FLOAT AND THI IS A CURRENCY SYSTEM THAT FIXES AN EXCHANGE RATE AROUND A CERTAIN VALUE BUT STILL ALLOWS FLUCUATIONS TO OCCUR WITHIN CERTAIN DETERMINED VALUES.

http://oer2go.org/mods/en-boundless/www.boundless.com/definition/pegged-float-exchange-rate/index.html

http://oer2go.org/mods/en-boundless/www.boundless.com/economics/textbooks/boundless-economics-textbook/open-economy-macroeconomics-32/exchange-rates-130/managed-float-520-12616/index.html

NOW I WANT YOU TO TAKE A LOOK AT SOMETHING ELSE. HERE IS A LIST OF ALL THE COUNTRIES AND WHICH CURRENCY REGIME THEY FOLLOW.

https://en.wikipedia.org/wiki/List_of_countries_by_exchange_rate_regime

THIS WILL HELP YOU TO UNDDERSTAND WHAT IS POSSIBLE AND WHAT IS FICTION AND IT WILL HELP TO SHOW YOU HOW REAL STUFF WORKS IF YOU�RE INTERESTED IN FACTS.

THE LAST THING I WANT TO ADDRESS IS THE �RV� OF KUWAIT. WOW THAT SURE IS SOME FAIRY TAIL ISN�T IT?? WHAT YOU MIGHT WANT TO TAKE A LOOK AT IS THE TREASURY REPORTING RATES OF EXCHANGE FROM MARCH 1990 THAT WAS 6 MONTHS BEFORE IRAQ INVADED KUWAIT

https://www.govinfo.gov/content/pkg/GOVPUB-T63_100-719640076e85ad2dbc3ce995fcb42b5f/pdf/GOVPUB-T63_100-719640076e85ad2dbc3ce995fcb42b5f.pdf

AND NOW COMPARE IT TO THE EXCHANGE RATE TODAY AND YOU WILL SEE THERE WAS NO CHANGE IN VALUE, THERE WAS CHANGE IN ACTUAL NOTES BUT NOT IN VALUE, JUST LIKE WHEN THE UNITED STATES CHANGED OUR 100 DOLLAR BILL DID THE VALUE CHANGE??SO HERE LOOK FOR YOURSELVES AND THEN DECIDE.

https://www.x-rates.com/table/?from=USD&amount=1

CHANGE IN NOTES NOT VALUE
https://en.wikipedia.org/wiki/Kuwaiti_dinar

OK SO TO RECAP YOU SHOULD HAVE AN UNDERSTANDING OF HOW EXCHANGE RATES WORK. YOU SHOULD BE ABLE TO DECIDE FOR YOURSELVES IF A CURRENCY COULD EVER POSSIBLY JUMP SEVERAL THOUSAND PERCENT OVER NIGHT AND YOU SHOULD BE ABLE TO UNDERSTAND THE KUWAITI DINAR RV IS JUST A BIG FISH STORY WITHOUT A SINGLE FACT BEHIND IT.

THANKS FOR READING AND ONE MORE TIME NONE OF THIS POST IS IN MY OPINION IT IS ALL IN VERIFIABLE FACTS IN BLACK AND WHITE.

ENJOY YOUR DAY FOLKS...ML & NOVA

----------------

8/29/2019 DELETE THE ZERO�S  by MY LADIES
HELLO FOLKS, HOW IS EVERYONE DOING? TODAY I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES. THERE IS AN AWFUL LOT OF SPECULATION GOING ON RIGHT NOW ABOUT A FEW CURRENCIES AND THERE ARE A GROUP OF PEOPLE THAT ARE EXPECTING TO BECOME OVERNIGHT MILLIONAIRES WITH THIS SPECULATION. SO, LET�S JUMP RIGHT IN AND SEE IF WE CAN PUT THIS RUMOR MILL TO REST ONCE AND FOR ALL.

I WANT TO START BY SHOWING YOU SOMETHING FROM THE IMF. THIS IS THE OFFICIAL ADOPTED STEPS THAT NEED TO BE TAKEN TO COMPLE A REDENOMINATION.

I NOTICED SOME OTHERS WERE USING THIS EXAMPLE INCORRECTLY AND WERE TRYING TO CONVINCE GOOD FOLKS THAT A HUGE RETURN WOULD BE REALIZED BASED ON THIS MODEL. FOR THOSE THAT HAVE BEEN WITH ME A WHILE I INTRODUCED THIS OVER 5 YEARS AGO AND RE-CAPS CARRIED IT. SINCE THAT TIME OTHER COPY CATS HAVE BEEN USING IT TO PROVE THEIR NONSENSE AND GARBLE.

SO HERE FROM THE IMF. I�M GOING TO HILIGHT SOME POINTS BUT EVERYONE SHOULD CLICK THE LINK AND READ THE WHOLE THING.  https://www.imf.org/external/pubs/ft/fandd/2013/12/lonnberg.htm

New Money

On occasion, a country must introduce a new currency. Turkmenistan, the former Soviet republic in central Asia, decided in 2008 to undertake a currency reform.

A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan�s price system had become complex and inefficient. This, in turn, created complexities in accounting and statistical reporting. So, the government decided to introduce a new currency before launching market-oriented reforms.

Introduction of a new currency comprises four phases. First, the necessary preconditions�sound macroeconomic policies and strong financial sector legislation�should ideally be in place or under way. Next, careful preparation is required, setting up the policies and processes behind the reform and drafting a detailed budget for the entire currency reform (including the cost of printing and minting the new cash currency). Then comes production of the new currency, and finally the most challenging phase: implementation.

Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency. The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes. A second important point for the public education campaign is timely information on the stages of the currency reform to discourage a run on banks with temporary liquidity problems. IRAQ DID ALL THESE STEPS

Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations. In Yugoslavia in 1993, a banknote reached 500 billion dinars, and Zimbabwe�s highest banknote issued was 100,000 trillion Zimbabwe dollars in 2008. In such situations, a redenomination of the currency is not only appropriate but also necessary. Redenominating a currency means administratively changing its face value. In itself, a redenomination makes no one richer or poorer. Technically most redenomination of currencies is undertaken by using factors of 10, 100, or 1,000 and simply moving the decimal point a certain number of steps to the left to establish a new value. Such a change is simple to explain to the general public and easy for companies to implement. It also represents a clear way of monitoring whether price gouging is taking place.

ALRIGHT SO FOR NOW THAT IS ENOUGH POINTS YOU CAN READ THE COMPLETE IMF WRITING IN YOUR OWN TIME. I JUST WANT YOU TO UNDERSTAND THAT THERE WAS NO MONEY TO MADE WHEN TURKMENISTAN REDENOMINATED OR WHEN BELARUS REDENOMINATED OR TURKEY OR INDIA AND THE LIST GOES ON AND ON.

IRAQ IS GOING TO DROP THE ZEROS. WHAT DOES THAT SENTENCE MEAN TO YOU??? DROP ZEROS...CUT OFF ZEROS..REMOVE ZEROS SO ON ERTH CAN ANYONE SAY THAT IS NOT A LOP??? JUST SIMPLY READ THE WORDS PLEASE.

2 WEEKS AGO, THIS CAME OUT AND FOLKS WENT CRAZY.

Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies   https://www.radionawa.com/all-detail.aspx?jimare=14065

DO YOU ALL UNDERSTAND WHAT THIS SAYS?? LET ME HELP THOSE THAT DON�T IT SAYS THAT THEY ARE GOING TO DELETE ZEROS (CUT, REMOVE, LOP) FROM THE CURRENCY. THEN THEY ARE GOING TO INTRODUCE NEW CURRENCY EITHER COINS OR PAPER AND THEY ARE GOING TO RAISE THE VALUE AGAINST THE DOLLAR.

BASICALLY, THEY ARE GOING TO DO EXACTLY WHAT TURKMENASTAN DID IN THE STEPS OUTLINED ABOVE. IRAQ HAS RAISED THE VALUE OF THE DINAR AGAINST THE DOLLAR A FEW TIMES ALREADY. LAST YEAR THE RATE WAS OVER 1200 NOW IT 1190 AND THE GOAL IS TO GET TO 1170 WHERE IT WAS 15 YEARS AGO. THAT IS A VERY BIG JUMP FOR A CURRENCY WHETHER YOU THINK SO OR NOT.

I AM GOING TO GIVE YOU A PAPER TO READ ABOUT DELETING ZEROS FROM A CURRENCY.

Dropping Zeros, Gaining Credibility? Currency Redenomination in Developing Nations

https://pdfs.semanticscholar.org/5f30/6970339bfe7bb0bf61ccf87318d3bfe0d8a7.pdf

What is Redenomination?

Redenomination is the process whereby a country's currency is recalibrated due to significant inflation and currency devaluation, or when a country adopts a new currency and needs to exchange the old currency for a new one at a fixed rate. Redenomination is exchanging old currency for new currency, or changing the face value of existing notes in circulation https://www.investopedia.com/terms/r/redenomination.asp

What is the difference between redenomination and revaluation?
https://www.quora.com/What-is-the-difference-between-redenomination-and-revaluation

AND THE LAST THING YOU READ FOR UNDERSTNDING IS THIS PAPER

International Journal of Economics and Financial Issues  https://dergipark.org.tr/download/article-file/365348

SOME OF YOU WILL READ AND EDUCATE YOURSELVES ALTHOUGH MOST OF YOU WILL NOT. THOSE THAT DO NOT WANT TO READ WILL OPT INSTEAD TO KILL THE MESSENGER, AND I�M OK WITH THAT.

IRAQ IS NOT IN A VACUUM THEY WILL NOT MAKE INTERNATIONAL MOVES JUST BECAUSE THEY FEEL LIKE IT. THEY HAVE TOLD US FOR YEARS THEY WILL DROP THE ZEROS AND CHANGE THE CURRENCY. THE QUESTION I HAVE FOR EVERYONE IS WHEN THAT HAPPENS HOW WILL YOU TRADE IN THE CURRENCY IN YOUR HAND FOR THE NEW CURRENCY???

THE VOICES IN THE VILLAGE HAVE THAT ANSWER AND ALL THE OTHER ANSWERS. THE ANSWERS THEY DON�T HAVE IS WHY IS IT I STEPPED AWAY FOR 2 YEARS AND I COME BACK AND STROLL DOWN THOSE SAME BULLSHIT LADED STREETS AND THE VOICES ARE SAYING THE EXACT SAME THINGS THEY WERE ALMOST WORD FOR WORD 2 YEARS LATER...LOL..

PREPARE YOURSELVES FOR IRAQ TO DO THE EXACT SAME THING AS EVERY OTHER COUNTRY THAT DROPPED ZERO�S. THINGS ARE NOT GOING TO GO WELL FOR THE MASSES.

I WISH YOU WELL AS ALWAYS...LOVE TO ALL...ML & NOVA  https://www.myladies.co/delete-the-zeros/

-----------------------

8/25/19 GLOBAL CRYPTOCURRENCY?
by MY LADIES
HELLO FOLKS, HOW ARE WE ALL DOING THIS WEEKEND? I WANT TO TALK TO EVERYONE ABOUT A FEW INTERESTING THINGS COMNG OUT OF JACKSON HOLE THIS WEEK.

THE NEW BUZZ BEING A SPEECH GIVEN BY MARK CARNEY, THE BANK OF ENGLAND GOVENOR. CARNEY HAS ALWAYS BEEN A PIONEER OF BLOCK CHAIN AND DIGITAL CURRENCIES, HERE IS THE SPEECH HE GAVE ABOUT FINTECH BACK IN 2016 https://www.bankofengland.co.uk/speech/2016/enabling-the-fintech-transformation-revolution-restoration-or-reformation

AND THIS WEEK HE�S SPEAKING OUT ABOUT A GLOBAL MONETARY SYSTEM TO REPLACE THE DOLLAR.

CARNEY HAS ALWAYS BEEN A TRAIL BLAZER IN FINTECH HERE FROM 2016.

On June 16th the Bank of England quietly published Carney�s Mansion House speecH, the Bank�s most important. In it, he laid out an ambitious vision for how fintech and blockchain could transform the global financial system and UK economy. He argued, �For everyone, fintech may deliver a more inclusive financial system, domestically and globally; with people better connected, more informed, and increasingly empowered.�

Carney also announced the bank was piloting a central bank digital currency project. With a �Britcoin� the Bank of England could better defend against crises like BREXIT, prevent financial crimes, encourage honest competition, foster innovation and financial inclusion and boost growth.

https://www.forbes.com/sites/alextapscott/2016/07/25/mark-carney-has-started-a-revolution-by-embracing-fintech-and-blockchain/#6b5fe68e4587

THIS WEEK CARNEY SAID THE WORLDS RELIANCE ON THE US DOLLAR �WON�T HOLD� AND NEEDS TO BE REPLACED BY A NEW INTERNATIONAL MONETARY AND FINANCIAL SYSTEM BASED ON MORE GLOBAL CURRENCIES.

HE USED HIS SPEECH ON FRIDAY TO LAY OUT THE PROBLEMS OF AN OVER-MIGHTY DOLLAR FOR THE GLOBAL ECONOMY.

The US accounts for only 10 per cent of global trade and 15 per cent of global GDP but half of trade invoices and two-thirds of global securities issuance, the BoE governor said. As a result, �while the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed� in 1971.

THE WORLDS ECONOMY IS BEING REORDERED, HUMMM 197 COUNTRIES ARE BEING REORDERED AND 189 OF THOSE COUNTRIES ARE MEMBERS OF THE IMF. WHAT DOES THAT SOUND LIKE TO YOU? THIS REORDERING IS HAPPENING NOW.

Movements in the US dollar are therefore fundamentally important to other economies even if they have few direct trade links with the US, he said. This means countries are forced to self-insure and hoard dollars to guard against potential capital flight, leading to excess savings and lower global growth.

In turn, he said, this dysfunctional international monetary system contributes to lower global interest rates and has amplified the difficulties central bankers face in addressing downturns.

IN THE SHORT-TERM CARNEY SAID THAT COUNTRIES COULD DO LLITTLE MORE THAN �PLAY THE CARDS THEY HAVE BEEN DEALT AS BEST THEY CAN�, INCORPORATING POTENTIAL INTERNATIONAL SPILLOVERS INTO THEIR MONETARY POLICY DECISIONS AND REACTING TO GLOBAL RISK. BUT THIS WOULD NOT CONTINUE TO WORK IF THE US BECOMES AN EVEN SMALLER PART OF THE GLOBAL ECONOMY WHILE THE DOLLAR REMAINS DOMINANT IN THE CURRENCY MARKETS.

He therefore suggested that in the medium term � alongside all countries seeking to reduce their reliance on hot money flows denominated in dollars � the IMF should set up a global fund to deal with capital flight.

�Pooling resources at the IMF, and thereby distributing the costs across all 189 member countries, is much more efficient than individual countries self-insuring,� he said, calling for a tripling of IMF resources over the next decade to $3tn.

In the longer term, Mr Carney said the solution was to create a multipolar global economy rather than waiting for China�s renminbi to challenge the dollar.

For this, he suggested more thought should be given to creating a global electronic currency that could act as �synthetic hegemonic currency  provided . . . perhaps through a network of central bank digital currencies�.

SYNTHETIC HEGEMONIC CURRENCY....SHC

�An SHC could dampen the domineering influence of the U.S. dollar on global trade,� Carney said.

Technology can disrupt the current network effects that protect the dollar, he explained, noting that an increasing number of transactions occur online and use electronic payments rather than cash.

While he did not explicitly reference cryptocurrencies, he did note that �the relatively high costs of domestic and cross border electronic payments are encouraging innovation, with new entrants applying new technologies to offer lower cost, more convenient retail payment services.�

IN OTHER WORDS, DIGITAL CURRENCIES COULD HAVE A ROLE IN WEANING THE WORLD OFF THE US DOLLAR AS THE GLOBAL RESERVE CURRENCY. AND BY REDUCING THE INFLUENCE OF THE US ON THE GLOBAL FINANCIAL CYCLE THIS WOULD HELP REDUCE THE VOLATILITY OF CAPITAL FLOWS TO EMERGING MARKET ECONOMIES.

�In the longer term, we need to change the game,� Carney said. �When change comes, it shouldn�t be to swap one currency hegemon for another.�

Libra is planned to be a worldwide digital currency that could lie outside the direct control of central banks. So far it has drawn opprobrium from most policy makers -- French Finance Minister Bruno Le Maire said it is �out of the question� and U.S. House Financial Services Committee Chair Maxine Waters promised an aggressive response from Congress.

Carney has been more sympathetic, though in his speech he said it may be that a new �Synthetic Hegemonic Currency� would be best provided by the public sector, through a network of central bank digital currencies.

�Even if the initial variants of the idea prove wanting, the concept is intriguing,� he said. �An SHC could dampen the domineering influence of the U.S. dollar on global trade.�

SO, WHAT DO WE THINK ABOUT ALL THIS?? A DIGITAL GLOBAL CURRENCY BACKED BY A BASKET OF CURRENCIES. SOMETHING ALONG THE LINES OF LIBRA BUT REGULATED AND AVAILABLE IN THE PUBLIC SECTOR.

FOR THOSE OF YOU THAT WERE FOLLOWING ME A FEW YEARS BACK THIS IS EXACTLY WHAT WE WERE TALKING ABOUT. THE SECOND SOLUTION HE HAD WAS FOR THE IMF TO SET UP A GLOBAL FUND TO SHIELD COUNTRIES RELYING ON HOT MONEY FLOWS THAT ARE DENOMINATED IN THE DOLLAR.

THAT SOUNDS A LOT LIKE HAVING AN ADDITIONAL FUND ASIDE FROM THE SDR FUND TO SUPPORT COUNTRIES RELYING ON HOT MONEY FLOWS.

WE NEED TO LOOK AT THIS ON IT�S FACE AND NOT MAKE ANY ASSUMPTIONSS THAT THIS NEW �SHC� HAS ANYTHING TO DO WITH GOLD BACKING OR NEW LYNCH PIN TO ANY SORT OF GLOBAL HAPPENING THAT MANY GURUS OUT THERE MAY BE TALKING ABOUT.

THIS IS AN EXCITING TIME IN TRYING TO CHANGE THE GLOBAL MONETARY SYSTEM WHICH IS A TOPIC WE USED TO SPEAK ON A FEW YEARS AGO. WE ARE WATCHING IT FINALLY HAPPEN IN REAL TIME NOW AS WE APROACH 2020 WHICH IF YOU ALL REMEMBER WAS ALWAYS THE TARGET DATE TO SEE REAL BANKING CHANGE.

WE ARE GOING TO STOP HERE FOR TODAY, WE HAVE MANY THINGS TO COVER IN THE COMING DAYS. I WANT TO STRAIGHTEN OUT A LOT OF BABBLED NONSENSE ABOUT QUANTITIVE FINANCIAL SYSTEM, GOLD BACKING OF CURRENCIES, DEBT FORGIVNESS, RE-DENOMINATING CURRENCIES AND WHAT WE CAN EXPECT TO SEE FROM SOME NEW CURRENCIES ENTERING THE GLOBAL STAGE.

FOR TODAY I WILL LEAVE YOU WITH HUGS ALL AROUND AND WE WILL BE A DOING A CALL VERY SOON. WE ARE HAPPY TO BE BACK AND GIVING YOU N ACCURATE VIEW OF WHAT�S HAPPENING GLOBALLY...

LOVE TO ALL, ML& NOVA

12/22/2016 MY LADIES Call Replay (712)775-7039 Pin 637708# OR https://www.youtube.com/watch?v=QucPOZdaKm4

HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING

HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING AND WHY???

WHAT ARE WE SEEING TAKING PLACE AROUND THE GLOBE?

BELOW IS JUST A SMALL SAMPLING OF RE-DENOMINATIONS THAT ARE TAKING PLACE. WHAT IS THE COMMON DENOMINATOR PROBLEM AMONG THESE COUNTRIES?

WHAT PROBLEM ARE THESE GOVERNMENTS AND CENTRAL BANKS TRYING TO TACKLE?

I�M NOT GOING TO GO TOO DEEP INTO BLACK MONEY BUT THAT IS THE PROBLEM FACING THESE COUNTRIES. GOVERNMENT CORRUPTION AND POOR BANKING PRACTICES ARE CAUSING AN IMBALANCE IN THE MONETARY SYSTEM AND THE LOSS OF CONFIDENCE IN THE LOCAL CURRENCY.

YOU CAN READ ABOUT THESE COUNTRIES IN YOUR OWN TIME AND THERE ARE MANY MANY MORE THAT ARE RESTRUCTURING BOTH IN DEVELOPING AND DEVELOPED ECONOMIES EVERYONE IS CLEANING IT UP.

Central Bank of Indonesia revives plan to redenominate currency
www.economicswire.net/central-bank-of-indonesia-revives-plan-to-redenominate-currency.html

India�s demonetization and Korea�s currency reform
www.koreaherald.com/view.php

Iran�s Cabinet votes to change national currency
www.al-monitor.com/pulse/originals/2016/12/iran-cabinet-vote-rial-toman-redenomination-name-change.html

Venezuela�s Bolivar Redenomination Will Fail
www.cato.org/blog/venezuelas-bolivar-redenomination-will-fail

High time for currency redenomination in Korea http://www.koreaherald.com/view.php 

Belarusian official currency redenominated
eng.belta.by/economics/view/belarusian-official-currency-redenominated-92672-2016/

Time To Redenominate The Naira
leadership.ng/opinions/548890/time-to-redenominate-the-naira

Iraq Planning Currency Redenomination
www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html

Zimbabwe ditches its dollar, ending an economic era
theconversation.com/zimbabwe-ditches-its-dollar-ending-an-economic-era-43263

Turkmenistan Redenominates Currency, Further Dismantles Personality Cult
www.rferl.org/a/Turkmenistan_Redenominates_Currency_Further_Dismantles_Niyazov_Personality_Cult/1365812.html
 
OK SO NOW AFTER READING THESE ARTICLES YOU CAN SEE WHAT THEY HAVE IN COMMON RIGHT? BLACK MONEY.

BUT WHAT IS BLACK MONEY?

Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.

www.investopedia.com/terms/b/black-money.asp

I STARTED THIS SERIES WITH THE TOPIC OF WHAT IS MONEY?

THE REASON FOR THAT WAS SO YOU COULD UNDERSTAND HOW IT WORKS AND THE REASON FOR THAT WAS THAT YOU COULD UNDERSTAND RE-DENOMINATING SO THAT YOU CAN VERY SLOWLY START TO UNDERSTAND HOW THE GLOBAL FINANCIAL SYSTEM WORKS..

TRUST ME I�M TAKING YOU ALL SOMEWHERE BUT I NEED TO DO IT IN SMALL CLIPS SO NO ONE GETS LOST.

THERE ARE TRILLIONS AND TRILLIONS AND TRILLIONS OF DOLLARS OF PRIVATE CAPITAL THAT ARE WAITING TO BE DEPLOYED TO HELP SUPPLEMENT GOVERNMENTS IN UNDERDEVELOPED COUNTRIES TO BUILD SUSTAINABLE INFRASTRUCTURE AND THIS CAPITAL IS NOT GOING TO BE PUT AT RISK IN CORRUPTION LADEN GOVERNMENTS.

IF YOUR WONDERING WHAT I�M TALKING ABOUT PLEASE GO BACK INTO MY ARCHIVES AND READ THE POSTS I�VE DONE ON PRIVATE CAPITAL OR YOU CAN GO READ ABOUT IT HERE.

www.climatebonds.net

NOW YOU UNDERSTAND RE-DENOMINATING AND I HOPE YOU REALIZE IT HAS NOTHING AT ALL TO DO WITH VALUE CHANGING OR EXCHANGE RATES OR SPECULATING.

I HAVE BEEN TRYING TO GET EVERYONE TO UNDERSTAND THE CHANGES THAT ARE TAKING PLACE AND THE REASONS BEHIND IT.

THERE IS A NEW GLOBAL FINANCIAL SYSTEM BEING USHERED IN AND EVERYONE IS IN A MAD RUSH TO PREPARE TO BE A PART OF IT.

THE PIECE I DID ON �CLICK BAIT� IS TELLING EVERYONE TO STOP WAITING FOR A CRASH OR A COLLAPSE OR ANY SUCH CRAZY THING AND INSTEAD LOOK AT THE TRANSITION THAT IS TAKING PLACE RIGHT IN FRONT OF EVERYONE AND STILL MOST FOLKS ARE MISSING IT.

I WILL KEEP WRITING ABOUT THIS TOPIC BUT IT WOULD BE MUCH BETTER IF EVERYONE COULD JOIN ME FOR A LIVE STREAM ON YOU TUBE THURSDAY NIGHT AT 9 PM EST. I WILL BE JOINED BY MY SKYPE ROOM INCLUDING NOVA AND MEMPHIS.

SOMETIMES THINGS GET LOST IN THE TRANSLATION IN PRINT SO IT�S ALWAYS BEST TO EXPLAIN THINGS LIVE IN QUESTION AND ANSWER FORMAT. SO PLEASE JOIN ME IF YOU CAN THURSDAY NIGHT AT 9PM.
IN THE MEAN TIME LOVE TO ALL �.ML

10/24/2016 CENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!

MY LADIES: WOW!!! HOW EXCITING IS THAT HEADLINE?? THE END MUST BE NEAR, THE RIDE MUST BE CLOSE TO OVER.

THIS IS WHAT YOU ARE BEING LED TO BELIEVE AND THIS ARTICLE IS GETTING SO MUCH TRACTION IN THE DINAR ROOMS. BUT PLEASE BE VERY CAREFUL BECAUSE WE HAVE SEEN THIS BEFORE OVER AND OVER AGAIN AT LEAST ONCE A YEAR FOR THE LAST 5 YEARS.

FOR THOSE OF YOU THAT HAVE BEEN HERE FOR YEARS THIS HEADLINE SHOULD BE ROLLING OFF YOUR BACK LIKE WATER ON A DUCK.

FOR THOSE THAT ARE NEWLY IN HERE PLEASE DO NOT BUY THESE WOLF TICKETS. PLEASE DO NOT BUY CURRENCY, PLEASE DO NOT CREEP TO THE EDGE OF YOUR SEAT PLEASE DO NOT QUIT YOUR JOB IN THE EXPECTATION OF BEING A ZILLIONAIRE BECAUSE THIS ARTICLE IS NOT AT ALL WHAT IT SEEMS.

THIS WAS POSTED IN MY ROOM LAST NIGHT AND HERE IS MY RESPONSE
[10/23/2016 7:02:52 PM | Edited 7:11:26 PM] Txxx B: A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal source in a press statement singled out by all the news that the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market. The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar.

http://iraaqi.com/news.php?id=25808&news=1#.WA1A4PkwjIX

[10/23/2016 7:18:42 PM] MY LADIES: YES AND IT WILL RAISE SIGNIFICANTLY

WHAT THE GURUS FAIL TO UNDERSTAND IS THAT RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR�..

ALSO WE WENT OVER THIS IN THE BEGINNING OF THE YEAR WITH THIS SITE. IT IS SOME SORT OF OPINION PIECE OF WHAT THEY THINK SHOULD BE DONE.

NOW THIS MORNING WE SEE WALKINGSTICK OF KTFA BEING THE VOICE OF REASON AND SAYING THE SAME THING AND POSTED HERE ON RECAPS

Walkingstick: My case and point, the article does not state a specific (adjustment) Hovering around 1300 in the domestic market, if.. through a series of measures, they were able to close the gap (Official / Market rate).. That in itself would be a considerable increase. It may not seem like much of an increase to us, but to the Iraqi.. (To whom the article speaks) It would be significant� Either way, this article was also tied to the lifting of Chapter VII

Unknown, myself�. I have yet to see an article/s� confirming. I do know, any such movement� likely, through an adjustment coupled with a series of PIPS .. That information, will come� directly from, the CBI� Myself, I continue to search.

I HAVE POSTED SO MANY ARTICLES EXPLAINING HOW EXCHANGE RATES WORK AND THEY DO NOT WORK LIKE SOME PEOPLE IN HERE THINK.

THE DINAR IS TIED TO THE DOLLAR IN WHAT IS CALLED A STABILIZED EXCHANGE RATE. IT CAN NOT MOVE LIKE THE FOLKS IN THESE ROOMS ARE TRYING TO CONVINCE YOU IT CAN.

FOR THOSE OF YOU THAT DON�T REMEMBER HERE IS A REFRESHER COURSE OF HOW PEGS WORK.

http://www.businessinsider.com/what-is-a-currency-peg-2016-8

YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR.

NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE �PRICE� DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE.

DO YOU UNDERSTAND WHAT THAT MEANS? THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.

THE FOLKS THAT HAVE BEEN IN THIS LONG ENOUGH KNOW EXACTLY WHAT THAT MEANS WHEN THE CENTRAL SAYS THEY WILL RAISE THE �PRICE� OF THE DINAR AGAINST THE DOLLAR.

RAISE THE PRICE�.RAISE THE PRICE�THAT MEANS IT IS A BUY/SELL TRANSACTION NOT A BID/ASK TRANSACTION, THAT MEANS IT IS NOT INTERNATIONAL LANGUAGE AND THAT MEANS JUST THAT THE PRICE TO BUY DINAR WILL BE NOW BE RAISED.

PLEASE STOP JUMPING AT EVERY LITTLE THING THIS IS NOT LANGUAGE OF AN RV�AND WHILE WE ARE ON THE SUBJECT PLEASE STOP USING THIS ACRONYM �RV� IT DOES NOT EXIST IN FINANCIAL LANGUAGE ANYWHERE. RV AND GCR ARE TERMS THAT HAVE BEEN COINED IN DINAR LAND ONLY!

IF YOU TAKE THE TIME TO STEP OUT AND LOOK AROUND THE WORLD YOU WILL SEE MANY ECONOMIES TRYING TO CLOSE THE GAPS IN THEIR CURRENCY MARKETS.

IRAN HAS A HUGE GAP AND THEY ARE GOING TO COME TO ONE PRICE IN 2017 DOES THAT MEAN THEY WILL REPRICE AND MAKE YOU A GAZILLIONAIRE???

NO NO NO IT DOES NOT. IT MEANS THAT THEY ARE GOING TO GET RID OF THE BLACK MARKET GAP. SO PLEASE STOP BUYING IRANIAN RIAL IT WAS NEVER 3+ DOLLARS EVER IN IT�S EXISTENCE HERE HAVE A LOOK FOR YOURSELF.

http://www.farsinet.com/toman/exchange.html

I GIVE YOU MY WORD THAT THE DINAR IS NOT GOING TO REPRICE ANYTIME SOON AND THAT THIS ARTICLE THAT IS CIRCULATING IS THE EQUIVALENT TO OUR NATIONAL ENQUIRER.

I KNOW I�M ALWAYS BRINGING THE BAD NEWS�I�M ALWAYS RUINING THE HIGH FOR EVERYONE�BUT FOLKS SOMEONE HAS TO TRY TO KEEP YOU GROUNDED.

TO MANY FOLKS GET SUCKED IN AND START ACTING IRRESPONSIBLY AND BUYING CURRENCY AND THEY SUFFER BUYERS REMORSE WHEN THE ELECTRIC COMPANY COMES AND CUTS OFF YOUR LIGHTS BECAUSE YOU USED THE BILL MONEY TO BUY DINAR THAT WAS GOING TO MAKE YOU RICH�.

JUST STOP PLEASE AND BREATHE.

PLEASE STAY INFORMED AND STAY OUT OF THE WEEDS OUT THERE AND JUST SAY NO TO THE HYPE. #STOPTHEHYPE!

LOVE TO ALL�MY LADIES.