Toolkeeper: its been my opinion that the RI / RV / GCR is a means to recapture global dollars and repatriate those dollars to the shores of the usa.
Toolkeeper: 4 years ago, a friend of mine who invited me to visit their family in China, told me about the Dinar.
Toolkeeper: i was skeptical at first about the claims of the dinar since i heard some of the same things about the Mexican peso back in the late 70s / early 80s.
Longcoat: Peso ? Good bet!?
Toolkeeper: longcoat. back in the day, folks said the same of the peso when the CB of mexico starting to print up these inflated 3 zero bills.
Toolkeeper: what crushed the dreams of those who were playing the peso game was the introduction of the lower denoms. the cb of mexico then claimed that the 3 zero notes now had a true value that was lopped of the 3 zeros. 100,000 peso note became 100 pesos.
Rgh98j: tool so what do you feel is different with the dinar? could Iraq not do the same thing? ....
Toolkeeper: That makes the dinar and other currencies different is the apparently lack of a lop or a redenomination. and for good reason. the usa government / FED needs to contract the amount of currency in circulation.
Toolkeeper: and how do you contract the money supply? well ya gotta create an event to recapture the dollars in circulation.
Toolkeeper: i view the RI / RV/ GCR as the event to help contract the usa money supply… you gotta bring them dollars home to these shores.
Toolkeeper: so, thats why im not trouble with a high rate of exchange for the dinar/ dong/ rupiah.
Toolkeeper: you could do a high rate. the willy nilly dollars being printed over the decade, has to come home. else, we are looking at a collapse. like 1929.
Toolkeeper: what cause the great depression is the FED ending abruptly, printing of money unrelated to a certain formula AND contracting dollars in circulation.
Toolkeeper: so as it see it, RI / RV/ GCR is needed to softland the global economy rather then to crash and burn
Longcoat: Yellen ,, just said they are going to print money until the fall I listened and watch her interview
Toolkeeper: yeah. yelllen has no choice to lie about what she is planning to do. If she was to telegraph what she intends to actually do, we will see a 1929 stock market crash. If yellen was to actually come out to say that QE was ending, you would see a massive sell out, money going into hiding.