Iraqi Dinar Discussion Board

[Sunnybank]

Perhaps a look at what may lie ahead for US markets(?)... HAPPY BIRTHDAY, USA!

7-3-15 Backdoc: EARLIER THIS YEAR WE SAW CHINA DO ITS OWN VERSION OF QE STIMULUS TO ENCOURAGE GROWTH, IMO!

CHINESE BUSINESSES CURRENTLY HOLD THE LARGEST DEBT COMPARED TO OTHER COMPANIES WORLD WIDE!

THE RECENT DROP IN THE CHINESE STOCK MARKET EXCHANGE HAS BEEN SEVERE AS OF LATE! THEY HAVE DROPPED 28% TO 30% SINCE THEIR PEAK. IT HAS REVERSED ITS SELF TO 1992 LEVELS AND NO IDEA WHERE IT STOPS. THIS IS LIKE CATCHING A FALLING KNIFE.

IS CHINA TRANSITIONING ITSELF TO AN ASSET BACKED SYSTEM? MMMM.

ARE THEY DUMPING THE OLD FIAT SYSTEM FIRST? I THINK SO!

REMEMBER, CHINA JUST SENT 21 TRILLION ASSET BACKED CURRENCY INTO THE BRICS BANK. WITH THE NEW 57 MEMBER NATION AIIB,

THE NEW ASSET BACKED SYSTEM IS FINDING ITS NEW ROLE.

NOW REALIZE THE BRICS BANK LAUNCHES ON THE 7TH!

THE PROBLEM WITH GREECE IS THEY ONLY TOOK A 6 DAY BANKING HOLIDAY. THAT ENDS ON SATURDAY.

SINCE THE BANKS ARE CLOSED ON SUNDAY THEY GET A PASS. ALSO, ON SUNDAY THEY TAKE A REFERENDUM VOTE WHICH IS MORE THAN CONFUSING TO THEM AND THE WORLD!

DO THEY WANT TO BE IN THE EURO NATIONS BUT NOT THE AUSTERITY AND DEBT OR ARE THEY VOTING FOR AUSTERITY? MMMM. THEY ARE EVEN CONFUSED.

REGARDLESS OF THE VOTE THE FACT REMAINS THAT GREECE IS IN DEFAULT!

WHEN GREECE OPENS THEIR BANKS ON MONDAY THEY WILL BE STANDING NAKED!

ON ONE HAND THEY HAVE AGREED TO GO WITH THE BRICS BANK, BUT ITS NOT OPEN UNTIL THE 7TH. ON THE OTHER HAND THERE IS NO LIQUIDITY AVAILABLE FROM THE IMF SINCE THE CREDITORS ARE UNWILLING TO FORGIVE DEBT AND RELEASE MORE FUNDS EVEN FOR TEMPORARY USE.

IT SEEMS TO ME AN "ACCIDENT ON PURPOSE" IS ABOUT TO HAPPEN!

WITH ASSET BACKED CURRENCY WAITING IN THE WINGS TO BE PUT TO USE, ONE HAS TO REALIZE THAT NON-BACKED FIAT MONEY MUST GO AWAY BEFORE THE NEW ASSET BACKED SYSTEM CAN TAKE ITS PLACE! REMEMBER A NEW CURRENCY COULD HAVE THE SAME NAME, THAT'S IRRELEVANT!

IT CERTAINLY LOOKS LIKE CHINA IS FINDING ITS NEW ASSET BACKED GLOBAL VALUE WHILE THEIR STOCK MARKET ADJUSTS TO THAT VALUE! HOW LOW WILL IT GO?

DEPENDS ON ITS NEW GLOBAL VALUE, WHICH IS BASED ON THE ASSETS AND GLOBAL TRADE AGREEMENTS IN MY OPINION. MMMM.

WILL THERE BE A CONTAGION EAST TO WEST WITH THAT OLD FIAT COUGHING AND SPUTTERING WHILE IT RUNS AROUND THOSE DANGEROUS NARROW WINDING EUROPEAN ROADS?

AS SCARY AS THAT MIGHT SOUND IT WOULD BE A HUGE RELIEF TO WORLD DEBT!

THE BRICS BANK WOULD THEN BE AVAILABLE TO HELP GREECE RESTRUCTURE WITH AN ASSET BACKED SYSTEM AND RETURN TO ITS SHIPPING ROOTS!

REMEMBER THE CREDITORS SAID THEY WERE SAFELY HEDGED FOR A GREEK DEFAULT! MMMM

NOW IF WE GAVE THINGS ABOUT 10 DAYS TO PERCOLATE, THE SMELL OF FRESHLY BREWED COFFEE MAY BE EXQUISITE!

SEEMS LIKE THE IRAQI DINAR SHOULD BE MENTIONED SOON SINCE BONDS ARE UNDERWAY. WITH RAMADAN ENDING TEN DAYS AFTER THE OOOPS, AND A HOLIDAY FOLLOWING.

I SURE LIKE THIS NEW BREW!! MMMMM GOOOD!!!

THANKS THUNDERHAWK FOR THE PIC! MMMMM GOOD!!!

8@8, DOC IMO