DINARESGURUS.BLOGSPOT.COM_________

Wednesday, July 1, 2015

KTFA CHAT UPDATE, 1 JULY

KTFA:

Bernice:  Frank....so is this what we want....with everything going down?

Frank26:
  At this stroke in the swim .......... Yours is a difficult question to answer.

Have You ever played pick up sticks?

Tell me ........... How do You decide on the one to pick up first?

The answer may seen rather abstract ......... But so is this LAVA FLOW.

Try not to predict .... Anticipate nor guesstimate anything in this MR . Simply carefully analyze and comprehend what ........ Is Given.

Enjoy The Ride and may we mature into righteous........ Note:
....
It has been 2000 years but tonight at W to NW just after sunset Venus and Jupiter will merge to form........ The Star of Bethlehem.

Fascinating ........ Indeed.    KTFA   Frank


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quattro1 :  Accident or Coincidence????  Greece Defaults on $`.7 Billion IMF Payment!

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Purifyers:  .. It will be interesting to see what evolves from this....

IMO.... this was a plan hatched out "WAY" ahead of time, ">THEY<" KNEW the financial situation that Greece would be in.... and it plays out MORE DEEPLY.... than 3D chess....

Moves with countries are well thought out.... MANY MANY years before any actions that we "see" played out in real time.... (although modified along the way... I must admit)

IMO.... "REAL TIME" is the "THEATER" for citizens of the world to witness.... but in the background.... we are played.... like a fine Magician.... that KNOWS THEIR CRAFT....

What we SEE.... is not (necessarily) the TRUTH.... of how "NATIONS" progressed.... and how the result came to be.... before our EYES!

Slight of hand????

IMO.... HANDS....

(NOTE: a little "truth or dare".... plays into CHESS MOVES with nations)

I have a sweet tooth.... anyone care for a dozen donuts?

(I have learned ALOT from what Frank,... teaches us)  Thanks Frank!!

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FrostyTheSnowman   » June 30th, 2015, 10:12 pm

Tick Tock . . .

http://www.cnsnews.com/news/article/terence-p-jeffrey/15-weeks-treasury-says-debt-has-been-frozen-18112975000000

The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, June 26, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Monday.

That, according to the Treasury's statements, makes 15 straight weeks that the debt subject to the limit has been frozen at $18,112,975,000,000.

$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

The Daily Treasury Statement for March 13 was the first to show the federal debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.

Every Daily Treasury Statement since Monday, March 16, has reported the debt beginning and ending each day at $18,112,975,000,000.

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Purifiers   » June 30th, 2015, 11:35 pm  •  

Iceland looks at ending boom and bust with radical money plan

Wednesday 01 July 2015

Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank

Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.

The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".

"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.

The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".

Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.

http://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-ending-boom-and-bust-with-radical-money-plan.html

DINAR IRAQ & DONG VIETNAM UPDATE, 1 JULY

Dinar Iraq and Dong Vietnam :Greece default and the subsequent contagion, may force the Reset!
We were all intrigued by the 2012 Bloomberg Interview on the coming global currency reset; when a financial expert was asked what keeps him up at night and he proclaimed the coming massive default or reset of the euro.
Well a Greece default and contagion may finally bury the stinking corpse of the euro. Rather this moment was contrived and engineered for a global reset or an evolved opportunity; a Greece default may be just what’s needed as a forcing function for what we seek.
I know a lot of my TNT friends have bought into the rhetoric about Greece being the bad guys and are a bunch of suicidal crazies. I can assure you, that’s a lopsided view. Just last night I was with an acquaintance from a smaller new EU nation. He carefully explained the dynamics of the situation in Greece and a number of other EU countries.
Remember “confessions of an economic hit man” well it’s in play here with a terrible twist and I can assure you that other EU nations are watching closely and are READY TO LEAVE THE EU!
One of the most balanced articles I’ve read on the Greece austerity situation and why it has failed, I included with this post!
What seems to have worked a LITTLE in Spain and Portugal, could not work in Greece; structurally different economies.
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[…info about the BONDS was exciting because I know if they are selling them with a new rate it won’t be long before they will have to show the world.] The intel…The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to…The Caboose.
*****
can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently – we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)
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Potential Currency Reform This Year, 2015!
1. IQD = RV then RD to at least USD1 
2. IRR = RD then RV to at least USD1 
3. IDR = RD then RV to become USD 1 = IDR 9

BUTIFLDRM CHAT, 1 JULY

OOTW: ANYONE THAT WANTS TO LEARN MORE ABOUT SOME "HEDGES" WITH THE POTENTIAL FORTHCOMING ECONOMIC CHANGES, MAY BE INTERESTED IN WHAT SHE HAS TO SAY

KiwiDoc: the average man can have great thoughts, they just don't record them......

chattels: ‹@OOTW› i like the concept of hedging, but my observation is that such requires discretionary capital.

OOTW: YES I UNDERSTAND, BUT FOR EXAMPLE, I'VE NOT HAD A FORMAL JOB IN YEARS AND I CAN STILL MANAGE TO BUY SILVER COINS EVERY ONCE IN A WHILE

chattels: it is impossible to avoid putting all of one's eggs in one basket if all one has is one egg :)

chattels: ‹@OOTW› but i am here to learn - bring it ! :)

OOTW: OKAY COOL
~~~
disciple7: ‹@chattels› Crack that baby open and scramble it  :laughing:

OOTW: THIS IS AN INFORMAL CHAT ALTHOUGH I'VE ANNOUNCED IT BTW

KiwiDoc: ‹@OOTW› your concept is based on saving some, the basic precept of accumulation.....that is where many miss the boat.....

Sam: lol yes

Butifldrm: Hey everyone! lol

chattels: ‹@disciple7› if one uses what they have or gives it away, i.e., no savings, then one cannot lose it

disciple7: ‹@chattels› agreed

OOTW: YES KIWI

Butifldrm: Hi chattels hope everyone has had a great day

KiwiDoc: Wow have I been off.....mercy.....again chattels you humble my philosophy

Butifldrm: what are ya'll taking about tonight

KiwiDoc: ‹@chattels› eggs

KiwiDoc: ‹@chattels› baskets

chattels: ‹@KiwiDoc› oh

KiwiDoc: ‹@Butifldrm› basics, this outfit loves information, loves creative thought

Butifldrm: ‹@KiwiDoc› I'm in

Butifldrm: I have been doing some research on Greece today

OOTW: OH BUTI I'VE BEEN TALKING ABOUT WAYS TO HEDGE

 KiwiDoc: ‹@Butifldrm› excellent.....your in the tall timber, Chattels OOTW sczin11, doesn't get any better

Butifldrm: I posted some blogs from one of my favorite's Martin Armstrong

OOTW: LIKE BUYING SILVER COINS AND HOW TO DO THAT IF YOU'VE NEVER INVESTED

OOTW: AND WE BTW ARE NOT FINANCIAL ADVISORS, PLEASE SEE OUR DISCLAIMER

Butifldrm: ‹@KiwiDoc› He is and has some amazing thoughts

Butifldrm: ‹@OOTW› Oh ok

Butifldrm: There are many way to buy silver.

Butifldrm: one can buy from a big dealer like Goldsilver.com  it's owned by Mike Maloney

Butifldrm: or one can buy from a neighborhood dealer.

Butifldrm: either way you have to know the spot price and if you are buying Eagles they usually charge about $5.00 over spot.

Butifldrm: Oh for sure I'm not a financial advisor  thanks OOTW

Butifldrm: If I were I'd be a millionaire lol

chattels: ‹@Butifldrm› my preference has been through a local coin and precious metal person - he says that when i am ready he can collect $ 250,000 in silver coinage ( pre-1963 ? ) in 48 hours locally - no shipping or brokerage, etc.

Butifldrm: ‹@chattels› yes most can if they are connected to the US Treasury

Butifldrm: I would say Silver is cheaper now than it has been since 2011

Butifldrm: silver had risen up to $50 at that time

gold642: go to www.apmex.com look at the price there of the coin you want THEN who ever you buy from play in the range of what you saw on the site, you will be close

Butifldrm: There are many theories on why the metals including silver have dropped since

chattels: ‹@Butifldrm› what / why any treasury connection ? one of the reasons i prefer my local guy is that the government would have no record of my purchase / holdings

Butifldrm: Some say it's because of manipulation

Butifldrm: ‹@chattels› if you were to buy $250,000 the government would know because they take delivery from the treasury if it's Eagles

KiwiDoc: ‹@Butifldrm› traditionally the metals prices have been manipulated, and isn't that why the Chinese want to have their own gold market.?

Butifldrm: Eagles, if and when they are cashed in you would pay no tax

gold642: not true

chattels: ‹@Butifldrm› i am buying " loose coins " , dimes, quarters and nickels

chattels: my thinking is that if precious metals spike then an ounce of silver and especially gold is " unspendable ", i.e, making " change " may be difficult

Butifldrm: ‹@KiwiDoc› yes the physical market is attached to the ETF's or paper market. So with high speed trading, that could be a manipulation, plus the Gold and Silver Fix could be a manipulation. We already know that the Forex is rigged, and Libor so I would not put anything past

Butifldrm: anyone trying to keep the fiat currency system alive

Butifldrm: The metals are the arch nemesis of the Dollar

KiwiDoc: ‹@Butifldrm› but fiat currency will eventually fail, all have in the past I believe

Butifldrm: ‹@chattels› yes that will never be traced

Butifldrm: ‹@KiwiDoc› let me get back to the Chinese and the Shanghai Gold exchange. the Chinese know what you are saying is true. This is why the Shanghai Gold exchange only trades Physical

Butifldrm: No paper

KiwiDoc: ‹@Butifldrm› Only problem with physical gold, you have to have a place to put it!

Butifldrm: We have seen an amazing amount of metal move from the West to East

gold642: ‹@KiwiDoc› 5 million dollars of american eagles you couldnt fill up a lunch box

Butifldrm: ‹@KiwiDoc› Did you see what Texas just did. I'm in shock and i love it

Butifldrm: brb

KiwiDoc: ‹@Butifldrm› Just my opinion but I believe the Chinese goal is to own the Gold Market, thus the world economy, the ultimate control weapon

KiwiDoc: ‹@Butifldrm› yes, you can cover up yellow, you can cover up Rose, but you better never cover up Texas!! They are taking the lead and other states will follow I think

Donnie: ‹@KiwiDoc› what did TX do?

Butifldrm: ‹@KiwiDoc› I believe the Chinese know the true history of the metals and the Fiat currency system so they are hedging and setting themselves up for a global finnacial collapse

KiwiDoc: going to open their own depository

Butifldrm: they hold 4T of our debt

KiwiDoc: ‹@Butifldrm› agreed

Butifldrm: ‹@Donnie› Governor Abbott Signs Legislation To Establish State Bullion Depository

KiwiDoc: ‹@Butifldrm› Its why I think other states will follow. It is a way to get out from under the Federal Government and their debt.

Butifldrm: This is one of the greatest laws IMO that Texas could ever have passed anlong with Open Carry

KiwiDoc: States rights will become even more of an issue

Butifldrm: ‹@KiwiDoc› yes and when they see peoples money moving from their states to Texas, they will awaken

KiwiDoc: ‹@Butifldrm› agreed

Butifldrm: It's just like Iraq  Iraq is having an issue with Capital flight

Butifldrm: mostly because they do not have the proper laws in place

] Donnie: ‹@Butifldrm› TY I read last week TX was looking to do that. Good for TX.... I may have to move there eventually. :)

KiwiDoc: ‹@Butifldrm› and they will continue to as long as the changes that are needed aren't implemented.

Butifldrm: ‹@Donnie› yes come on down

Butifldrm: it's very Hot here though

Donnie: ANy place in TX that gets snow in the winter? :(

Butifldrm: ‹@KiwiDoc› States rights just turned into a huge issue since Obama took office

Donnie: I love snow

Butifldrm: ‹@Butifldrm› sometime Lubbock

Butifldrm: it still get's hot in the summer

Donnie: to live in freedom it's worth it!!

Butifldrm: Ok there is one more thing I would like to talk about with the metals
 Butifldrm: they are very cheap right now lol
KiwiDoc: ‹@Butifldrm› yes and although I have felt that his election was a tragedy it may turn out to be the best thing that has happened to us. It will force us to take back control of our country

 Butifldrm: ‹@KiwiDoc› I pray to God you are right

KiwiDoc: ‹@Butifldrm› what about the rare metals, platinum, etc?

Butifldrm: I pray the majority of people turn off the TV and really read what is going on with our world

Butifldrm: ‹@KiwiDoc› I watch them but they are hard to hold as physical

KiwiDoc: ‹@Butifldrm› some said if you don't read the paper your uninformed, if you read it your misinformed

Butifldrm: ‹@KiwiDoc› 10- 20 years ago we were misinformed

Butifldrm: look at all the crisis's that this country has gone through

Butifldrm: the internet has been a huge tool for the truth

Butifldrm: the internet is a gateway to heaven or to hell. I'ts our choice to study

molonlabe: ‹@KiwiDoc› I think it was Mark Twain.

KiwiDoc: yes your correct

molonlabe: And GE everyone.

Butifldrm: ‹@molonlabe› i do love that man and admire such wisdom

gold642: ‹@Butifldrm› so then the over 90% negative on the dinar we should believe also on the internet "huge truth"

KiwiDoc: I just hate to quote anyone without permission

Butifldrm: ‹@gold642› I can only give you my opinion

gold642: well the internet is NO different then the tv or print

molonlabe: ‹@Butifldrm›And a lot of that "wisdom" came from bad judgement.

Butifldrm: Sorry guys had to refresh

KiwiDoc: ‹@Butifldrm› one thing about illusion, you think you can believe what you see. there in is the "Catch 22"

Butifldrm: IMO one day the Dinar will be worth more than the Dollar

KiwiDoc: oops my age....Chattels can explain "Catch 22"

Butifldrm: IMO the system Iraq, US including the world is a debt bases sytem

Butifldrm: system

Butifldrm: when it all shakes out. No country hold more debt than the US

gold642: and the us will never colapse

KiwiDoc: ‹@Butifldrm› If is does remember it's true origin, but they are still trading women to settle disputes, so there are parts of the country that aren't being plagued by terrorism but are not coming to the party on human rights.


Butifldrm: ‹@gold642› we have been much stronger economically years before and still collapse

chattels: Joseph Heller coined the term in his 1961 novel Catch-22.

chattels: A catch-22 is a paradoxical situation from which an individual cannot escape because of contradictory rules.

gold642: and the collapse is just another banking world game

KiwiDoc: ‹@chattels› thata boy, I knew you were there!!

Butifldrm: ‹@gold642› if you are talking as a nation, no I do not believe so, but economically I do believe so.
~~~
gold642: economically is game played by the international banking controls of the world

Butifldrm: ‹@gold642› and they are loosing the controls

KiwiDoc: ‹@Butifldrm› Our debt is out of control, what seems ironic is our oil and metal holdings, some of if not the largest in the world

Butifldrm: look at this

gold642: we sanction war for oil and flip back to the money power

Butifldrm: Don't let the unthinkable become the new normal, says BIS in 85th Annual Report

Butifldrm: you need to read

gold642: and the BIS are the powers of out world

Butifldrm: Even the BIS says the Central Banks cannot handle the next and upcoming crisis

gold642: the roths

gold642: ‹@Butifldrm› BIS controls and owns the Central Banks

Butifldrm: brb patient calling

Butifldrm: ‹@gold642› I'm telling you read this thread

Butifldrm: I posted today

gold642: no

gold642: I will never ever believe ANYTHING the BIS states its going to do before hand.

gold642: BIS has done it and stated like that for so many years.

gold642: It all comes down for them on oil up and down, they do it and state it every year.

KiwiDoc: ‹@Butifldrm› the one thing above all in my opinion is the US banked on technology being our golden egg. We shipped all our jobs offshore for "profits". So we sold out the middle class for $$ for the few. Germany has long had success selling expensive cars because of "German Quality" It used to be

KiwiDoc: Made in America meant something....Now it means for the most part, made here means criminal in some form or fashion

KiwiDoc: financial crooks mostly, and with the internet we are now victum to our own misdeeds. JMO

[08:04:03 PM] molonlabe: ‹@Butifldrm› very interesting read. Sounds like there is a need to go back to Austrian economics, and an asset-backed monetary system.

gold642: an asset-backed monetary system = oil

gold642: the money is out pockets, backed by oil

gold642: in our system.

gold642: an asset-backed monetary system = oil

gold642: the money is out pockets, backed by oil

gold642: in our

chattels: Security situation weighs on Iraq's economy BAGHDAD — The Iraqi army, backed by the Popular Mobilization Units, has been engaged in war for more than a year now against the Islamic State (IS). There do not seem to be any prospects that the war, which has affected the livelihoods and social realities of Iraqis, will end anytime soon. The heavy costs incurred by Iraq to acquire weapons and pay fighters led to the declaration of the 2015 austerity budget, which subsequently raised poverty rates in the country. Read more: www.al-monitor.com/pulse/...

Butifldrm: Sorry I'm back

Butifldrm: ‹@molonlabe› yes absolutely

Butifldrm: currencies have to have some backin

gold642: and that is oil

chattels: wealthwatch.world/showthr...

Butifldrm: they tried to do it with Basel compliance but it has not happened and rarely do they even talk about it anymore

KiwiDoc: If you look at Alaska, the metal mine in western Ak would blow you away. We have alot of metals as well

Butifldrm: ‹@chattels› yes, Iraq will not pass the necessary laws to get this situation under control

KiwiDoc: One of the fundamental issues we have is the corruption in our banking system and NO criminal prosecutions at the highest levels....They took way more than Bernie M

Butifldrm: ‹@gold642› it was oil, but now we see waht's happened to the oil market

gold642: ‹@Butifldrm› NOTHING

Butifldrm: Oil was around $70 per barrel until this thing happened with Greece

[08:13:52 PM] gold642: oil is and will control our currency and our world

gold642: ITS...A.....GAME

Butifldrm: that was 2 days ago

 Butifldrm: today it's down to $60

gold642: OOOOH OK, OIL IS NO LONGER THE BACKING OF OUR CURRENCY WORLD, WHERE DONE

] KiwiDoc: ‹@Butifldrm› so the future's market is on it's ear

Butifldrm: currencies have to be stability

Butifldrm: ‹@gold642› oil was never the backing

Butifldrm: the backing was Gold

Butifldrm: until we were taken off the Gold Standard

Butifldrm: Bretton Woods

gold642: ‹@Butifldrm› gold was backing what

gold642: oil back our currency

KiwiDoc: ‹@Butifldrm› what is your reaction to the Euro. 3% drop last I heard, don't know if that has changed but a blip on the radar instead of catastrophe

Butifldrm: ‹@gold642› WE had a Gold backed currency

gold642: and that has to do with what now

Butifldrm: ‹@KiwiDoc› I believe the majority of the markets and the media are manipulated

gold642: oil runs and controls this world and will for decades and decades

Butifldrm: we just saw % of the major banks fined around 5B dollars for manipulation, yet noone went to jail
Butifldrm: we see Eric holder now put in place as the justice /surveillance officer lol

KiwiDoc: ‹@Butifldrm› I would agree, that not withstanding the lack of reaction due to "controlled" measures, if Greece walks away from the central banks clutches, others will follow don't you think?


KiwiDoc: ‹@Butifldrm› ‹@Butifldrm› so are you saying the Fox is watching the Hen House?

Butifldrm: ‹@KiwiDoc› absolutely, it's all a house of cards now

Butifldrm: I love what Martin Armstrong www.armstrongeconomics.co... said! Freedom

KiwiDoc: ‹@Butifldrm› that's a relief, I thought i was becoming demented

Butifldrm: ‹@KiwiDoc› Do you remember what Iceland did in 2012?                                           
KiwiDoc: ‹@Butifldrm› yes and they have recovered....but our congress is controlled by the very people we want to collar....

Butifldrm: The greedy bankers have forgot one thing. Austerity brings on Depression

Butifldrm: Iceland figured it out

Butifldrm: Icelandic Anger Bringing Record Debt Relief

Butifldrm: www.bloomberg.com/news/ar...

Butifldrm: it was called debt forgiveness

Butifldrm: They forgave about 90% of the mortage debt and the economy is now booming

KiwiDoc: ‹@Butifldrm› exactly

Butifldrm: Troika in Greece is insane

Butifldrm: Do you know that Greece is paying 14% interest on it's debt

KiwiDoc: ‹@Butifldrm› He is merely playing to his audience

Butifldrm: sadly in a zero% banking climate

Butifldrm: ‹@KiwiDoc› Tpsiras?

KiwiDoc: yes

KiwiDoc: sorry

Butifldrm: He's playing both sides of the fence for sure?

Butifldrm: either way, Greece Defaulted

Butifldrm: teh first supposed major economy to do so

KiwiDoc: and their banks have closed for a bit

Butifldrm: Even Iraq is paying the IMF

KiwiDoc: like us in the 30's

Butifldrm: Yes the 30's brought on a reset

Butifldrm: IMO we are looking forward to another

Butifldrm: How it will look I have no idea

Butifldrm: I'm sure the Chinese will be involved

KiwiDoc: Heck I think they are involved......IMO

Butifldrm: ‹@KiwiDoc› yes I'd say they are taking advantage of the strong dollar to buy up all our assets

Butifldrm: Ok I loved the chat I better get back to packing Night guys

DT N AZ: 14% Interest is OUTRAGEOUS!! and completely uncalled for

KiwiDoc: ‹@Butifldrm› Remember the Japanese in Hawaii back in the "80's" I might be a decade off but that was a worry we all thought they were buying the state

KiwiDoc: ‹@Butifldrm› Terrific chat...thanks

[Butifldrm: ‹@KiwiDoc› Oh there is one more thing I forgot to tellyou

KiwiDoc: yes

Butifldrm: There more than likely will be more capital flight from Europe to the US increasing the value of the dollar in the near future and this will increase the value of the dollar and drop the price of oil.

Butifldrm: this will not stand good for Iraq

Butifldrm: ‹@KiwiDoc› yes I remember

OOTW: thanks so much butifldrm

Butifldrm: and now the Japanese because of countless years of money printing have depreciated their currency to record levels

Butifldrm: ‹@OOTW› YW  lol

KiwiDoc: ‹@Butifldrm› Most excellent

Butifldrm: ‹@KiwiDoc› It's my Love

Butifldrm: ‹@DT N AZ› yes it is

KiwiDoc: ‹@Butifldrm› ‹ It shows

Donnie: ‹@Butifldrm› TYVM for this knowledge share tonight. :)

KiwiDoc: ‹@OOTW› well done!                   

Tuesday, June 30, 2015