Iraqi Dinar Discussion Board

[Sunnybank]

Dong/Dinar... Hmmmm...

7-21-14 JC Collins (& Friends): Q & A with comments from "The Dong RV Is Imminent".

Luminita Muresan: Meaning that Hehe … I wonder. Would it take an awful amount of time for an amateur financial detective like myself to figure out the next move for these at least three or four scenarios for which only disparate variables can be articulated? My only answer to that is too long time to afford it.

However in an amateurish fashion, I am going to ask the board a question. The apartheid was not only a socio-political regime, was also a financial regime.

At the time of the apartheid collapse, the ZAR / USD was 2.5 / 1. In two short years it went to 6/1 After 9/11 the local central bank announced that it will stop intervening in the ZAR value and the ZAR to USD became 14 / 1 ‘stabilizing’ around 8-9/1. These days due to all the QEs it is almost 11/1.

Who was to benefit at consumer level? Anyone that was paid in USD and was using ZARs and…. did not pay taxes neither on ZAR or on USDs. Unfortunately my insight stops here.

My question is, will the SDRs or the local basket exchange currencies will be made available as investment instruments or not?

If so will an account holder in one financial jurisdiction will be able to invest in another financial jurisdiction without being a citizen of both in order to be taxed accordingly?

Perhaps we should look at the taxation as well.

My kindest regards to all and my sincere thanks to JC who is taking the time and giving us a tremendous thinking energy for … free. Cheers.

JC Collins: Perhaps this post from back in April could be helpful in regards to taxation.

philosophyofmetrics.com/2014/04/10/a-new-world-tax-regime/

And I don’t believe SDR’s or regional baskets will be available as investment instruments outside of the banks and institutions.

Luminita Muresan: About the fiscal regime during apartheid, the normal citizen was limited to a fixed amount of currency that could be exchanged. Perhaps that is the ‘capital limitation’.

Brett Wilson: The SDR is no better than the USD, its still a fiat currency tied to nothing of intrinsic value. The International Mafia Federation IMF is a privately run corrupt organisation.

It should be snubbed by the world and they should not be involved in any further currency negotiations or have the right to loan money they don’t have , locking up large parcels of resource rich land as collateral and enslaving poor countries to the IMF private banking cartel who know these poor countries will default on the loans.

They the IMF are one of the largest privately run counter fitting operations in the world next to the US Federal Reserve. Private Bankers need to be totally excluded from any negotiations of the worlds next reserve currency.

All Central Banks need to be outlawed and each country should take ownership of their own sovereign money supply and credit. The private bankers rain of fraud and financial terrorism needs to come to an abrupt end.

JC Collins: Brett, you are correct, that is what needs to happen. Unfortunately that is not what is going to happen.

Roger Parness: “We have it in our power to begin the world over again.” Thomas Paine

Jack Jackson (@hugovictor54) Dear J.C.: Will the Dong’s revaluation be the beginning of the USD’s revaluation? Pdog

LimelightPhotobooths (@limelightphotos): What do you see as a reasonable rate for the Dong to revalue at? .03 to the dollar?

JC Collins: There is no information available to make any determinations on rates.

Axx fann (@fann_axx): Greed is the folly of man… Too much faith is placed on gain, not understanding of now…

CryzSchilabel (@CryzSchilhabel): Dear Brett, as wrong and corrupt the SDR System looks like, as “good” it is in a long term view. It´s just part of the logical evolution and just a step. But a step forward. Even the french revolution was just a step. With each fail, the lies have to be more subtler. With each lie, the truth is getting more obvious.

The age of enlightment never finished and we are just part of our time. Threre are Horkheimer, Adorno and Kant…You are Brett.

Andreia Khalil: Great analysis! along with the other article about the next Eleven, I would like to add that the story you told about the dong is almost entirely similar to the Egyptian pound. Do you think revaluation of Egyptian pound is also imminent?

ELMay (@TisLee): JC, I wish I found your site before becoming a “Dinarian.” The problem I have at the moment is I am holding Dinar and I can find no bank or Forex company that will let me deposit it for trade/exchange as they won’t deal in Dinar. Advice?

ELMay (@TisLee): Question 2: Should I just dump the Dinar at my local mall and take the hit and secure Dong? I would be so grateful for some basic advice. I am trying to digest so much in such a small amount of time and based on what I am reading – the Dong event is imminent and the Dinar is not desired.

JC Collins: I’m reluctant to tell anyone what to do in regards to finances or investments. What I can say is why I obtained dong. Looking at both the dinar and the dong it was obvious that either was a long shot as normally currencies, once devalued to that extent, are usually demonatized.

Vietnam has a fast growing economy with great economic sustainability. Iraq does not. Vietnam’s currency is already traded while the dinar is not. Vietnam is politically stable while Iraq obviously is not. And the State Bank of Vietnam has been making statements about strengthening the dong and possibly partially supporting it’s value with gold reserves.

Understanding the future role of Vietnam in the Next Eleven was a vital component of recognizing the inevitability of the dong depegging from the US dollar and pegging somewhere else, say perhaps the renminbi first and the SDR down the road.

It seemed a long shot at first but what the heck, I was prepared to take the lost if it didn’t work. Then Vietnam’s MAG group published their mandates last week and it all became pretty real. There’s still a large M1 money supply to reduce.

Should you dump your dinar and get dong? Only you should answer that question. Perhaps my reasoning may help but keep the intent pure.

Griffon Red: Hello JC, I myself traded my Dinar for Dong, I heard from several reliable sources that the Dong was the better option and that the Dinar was vastly overprinted. So how imminent do you think the revalue of the Dong is? Days, Weeks, Months? Let me know.

JC Collins: If you read the official statements I’ve quoted you will know as much as I do.
ELMay (@TisLee): JC, I can’t thank you enough for being a calming voice of reason during these times. I spend hours sifting through data and have tried to become a “debunker of sorts.”

Once I land on a logical input (or several as you have provided) I share with others who seem to be doing what I do….sifting through millions of sand of grain to find the small nugget of data or “gold” (so to speak) that makes sense.

I am grateful for your intelligent inputs. That said….I tucked my tail between my legs having felt a tad ignorant and did return my Dinar to the original place I secured it at a loss (although I kept a small domination as a “souvenir”) and when I can in the NEAR future I will secure Dong.

My challenge now is finding a US FOREX provider who will proffer the transactions in the denominations I want.

They are dwindling where the Dinar/Dong and others goes. The usual ones are still available but the 2 D’s are “shut out” by most US companies it seems. If any readers have found a trustworthy US site please let me know.

I prefer to work online then with international shopping mall venues with such poor rates.

Right now I am talking to Owanda and FXCM to see what they offer. Seemed like a good idea to have the currency in hand but I live in a rural area and my local banks don’t even know what FOREX stands for. Sad but true!