[DiddyKong] In regards to “nothing bad” happening in Iraq…
[DiddyKong] Breaking News 40 Persons killed, wounded in Baghdad al-Jadeeda bombing –
[DiddyKong] Again, the headline speaks for itself. And mind you, this occurred in the south eastern end of Baghdad. Syria (where ISIS is suppose to be stationed) is towards the west, north west
[DiddyKong] so completely otherside lol
[DiddyKong] as for good news concerning Iraq…
[DiddyKong] MoT, Australian Ambassador discuss developing sector of transport in Iraq – http://en.alforatnews.com/modules/news/article.php?storyid=11741
[DiddyKong] My final headline that I will let speak for itself. Nations are more involved relationships on the development of Iraq than the do on actual ISIS….. hmmm….. makes you wonder. But moving on, here is an article that was reported on the site as well, but I will also post some important points in the article.
[DiddyKong] China, Germany ready to seek steady development of bilatral ties – http://en.alforatnews.com/modules/news/article.php?storyid=11714
[DiddyKong] “For his part, Steinmeier said the steady growth of the Germany-China relations is an important positive factor in a world afflicted with incessant conflicts and it is not only in the interests of bilateral cooperation in the coming years, but will also be conducive to world peace and economic growth.”
[DiddyKong] “China and Germany, he said, should maintain the sound momentum and keep adding fresh impetus so as to promote the development of bilateral relations. The two foreign ministers also had an in-depth exchange of views on issues concerning Ukraine, Iraq, the Iranian nuclear program, among others. They agreed that China and Germany should work for the comprehensive and proper political settlement of relevant issues”
[DiddyKong] Germany at it with China for it to be its biggest partner as far as the EU is concerned. Interesting, as we have been seeing and assuming Germany making deals with BRICS, specifically Russia
[DiddyKong] Something that made me go “WHHHAAAT!!!?” And can’t believe someone posted it and that people may actually consider it…
[DiddyKong] China To Join IMF’s Reserve Currency Unit - http://www.dinarrecaps.com/our-blog/china-to-join-imfs-reserve-currency-unit
[DiddyKong] REALLY??????? Come on now….. seriously?
[DiddyKong] Did we forget about the west (US, EU) holding a majority of the voting power of the IMF even though their economies and fundamentals are not sustainable and absolute garbage to other countries who are performing better (emerging market nations)
[DiddyKong] The way I see it, it is not China to join IMF RCU, but that China has the capabilities of doing so.
[DiddyKong] This goes back to the whole IMF 2010 Reforms
[DiddyKong] unless China gets more voting power, I do not expect them to give the IMF the okay
[DiddyKong] So it will interesting to see if the IMF 2010 reforms finally gets its yes votes in US congress. Anything else is just speculation
[DiddyKong] Also in Dinar Recaps, Article: “China Will Use Gold and Gold Pricing to force Global Currency http://www.dinarrecaps.com/our-blog/article-china-will-use-gold-and-gold-pricing-to-force-global-currency-reset
[DiddyKong] This is more of what financial experts have been and are saying with regards to the growing economic influence of China.
[DiddyKong] Jim Willie specifically, and also who I tend to follow, talks a lot about China and its gold.
[DiddyKong] It is refreshing to see this article since we were talking about gold and when to expect changes yesterday lol funny how things happen
[DiddyKong] I’ll stop right there for the moment. Those were some of the odd and interesting floating news out there that I wanted to address. Does anyone have any questions or input, or should I continue. Next would be economy and gold focus (picking up from yesterday stuff)
[Goose] DiddyKong what your take on all the gold the Chinese fore fathers are going to dump into the economy
[DiddyKong] Goose oooo…. I actually kind of have stuff on that to talk about later.
[TxBikerLady] DiddyKong I agree with your thoughts, same things I’ve been seeing as well on different sites.
[Goose] DiddyKong cool
[DiddyKong] I had someone ask me today that how can we use gold to back up currencies of the world when everything is digital. I will address that in a bit
[DiddyKong] Moving on to the next talking point… Economy and movement of money
[DiddyKong] Markets to another tumble http://money.cnn.com/data/us_markets/
[DiddyKong] This is what I have been seeing…
[DiddyKong] Money has been moving back and forth between stocks and bonds. It is my assumption that those in control of the market are trying to push investors to be long stocks (hold stocks for a long time) and go short on bonds (short-term). What does this do?
[Goose] DiddyKong ties up your money
[DiddyKong] This allows the Fed to further decrease bond yields and stave off having to pay investors higher yields who invested in 10+ year bonds instead of a couple months to a year bonds
[DiddyKong] Goose exactly
[DiddyKong] If you long stocks, that like giving someone a loan and saying do whatever and pay me back some years down the road. The idea is that stocks have always generally made gains over a long duration, no matter the circumstance
[DiddyKong] However, this……
[DiddyKong] Germany Throws Up Over Draghi Plan To Buy Greek Junk – http://www.zerohedge.com ••• eek-junk http://www.zerohedge.com/news/2014-10-01/germany-throws-over-draghi-plan-buy-greek-junk
[DiddyKong] “Mario Draghi is to push the European Central Bank to buy bundles of Greek and Cypriot bank loans with “junk” ratings, in a move that is set to exacerbate tensions between Germany and the bank.” It is expected that the former Goldmanite will unveil details of a plan to buy hundreds of billions of euros’ worth of private-sector assets at tomorrow’s ECB meeting.”
[DiddyKong] What happened in the 2008 crash? A bunch of carp mortgages that was bundled and given a good credit rating, so investors went for it.
[DiddyKong] They didn’t expect it to fail, but it did…
[DiddyKong] Now, Draghi bold face doesn’t even dare to hide the fact of investing in junk
[DiddyKong] Higher risk for greater reward
[DiddyKong] No more slow growth based on strong fundamentals. We want profit now is the mentality
[Goose] DiddyKong must need the money
[DiddyKong] However, many investors are not falling for it. Gold and silver went up a bit today. How about that HAHAHAHA I’m sure the PTB will do some derivative magic and make silver and gold look further less attractive, but lower prices is just more of a buying opportunity, so watch to see what happens tomorrow
[Pilgrim] DiddyKong PTB losing ground
[DiddyKong] Pilgrim big time
[DiddyKong] Now to finally pick back up from where we left off in our gold and silver discussion
[DiddyKong] First, I want to address, how could gold be used to back the currencies of the world in a digital age
[DiddyKong] Quite easy actually…..
[DiddyKong] In the US for example “In sum, American Eagles, especially the denominations produced in gold, make good sense for Utah businesses and consumers. Not only can commercially vaulted and insured American Gold Eagles provide a suitable base for specie legal tender debit card commerce, they can help reduce the national debt at the same time.”
[DiddyKong] the key words are “denominations” and “specie legal tender debit card commerce”
[DiddyKong] What is more interesting is that I further researched TN specifically (since I live there) on the gold and silver coin taxation bill.
[DiddyKong] and….. Omg you guys won’t believe this!!!
[DiddyKong] It is actually supported by a group of bankers associated with the Tennessee Bankers Association !!!!!!!!!!
[Betsy Ross] Lets all move to TN!
[DiddyKong] Betsy Ross oooo but wait, prepare to have your mind blown further….
[DiddyKong] It turns out that there is already a group of states that do not tax gold and silver… “Summary of states that do not collect sales tax on bullion: Arizona, Delaware, Georgia, Idaho, Illinois, Iowa, Michigan, Mississippi, Missouri, North Dakota, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Washington”
[DiddyKong] So use that site along with this site, , to monitor gold and silver taxation and legal tender activities https://statelegaltender.com/next-steps/
[DiddyKong] To further describe the use of gold and silver to back our digital world is a theory I have with all this in mind. I have no proof, so bare with me
[DiddyKong] In various states, and even nations of the world, have a group of bankers who want to move towards a sound money policy.
[DiddyKong] Well, that I can prove with the UPMA site
[DiddyKong] Moving on though….
[DiddyKong] discretely for fabricated reasons like “help profits for bullion and coin dealers” (lol), they get with a representative of a state, introduce legislation and pushed to get it passed
[DiddyKong] In the TN senate meeting video I watched concerning the bill, I saw the Senator state, “The bankers support this bill” as if that was a command for everyone to jump on board
[DiddyKong] Disgusting the amount of power bankers have over politicians, but at least I saw that use of power in that instance as a positive
[DiddyKong] At the same time, banks can start (or have been anyways) acquiring gold and silver and storing it in their reserves.
[DiddyKong] This is were speculation kicks in on my part…. The banks are preparing or have been preparing for a dollar crash
[TxBikerLady] DiddyKong they see the writing on the wall it would appear
[DiddyKong] If a crash were to happen, it would be no problem for them to expedite a bill for gold and silver as legal tender and get to the making of silver and gold coins
[DiddyKong] Now, how long would that take you may be wondering?
[DiddyKong] Good old Utah got the bill for gold and silver to be untaxes AND legal tender to be law in just 1 1/2 months http://le.utah.gov/~2011/bills/static/HB0317.html
[DiddyKong] For now, states have just been focused on half of similar bills, and that is the elimination of taxes
[DiddyKong] So imagine… crisis mode, just need to make gold and silver legal tender…. how long would that take? Much less than 1 1/2 months I would think
[DiddyKong] But currently, the problem we have with gold and silver prices is that they are undervalued and manipulated
[DiddyKong] Thats when we turn to China….. let them take into account the wealth of any one nation, how much gold reserves it has, adjust the price of gold to reflect the culmination of every nations wealth, then boom…. banks could create coins with parts of gold and silver in it for trade
[DiddyKong] So for example, gold hits $10,000 per ounce, just a very small percentage of that ounce of gold would equal todays $1 HAHAHAHA
[DiddyKong] So in a gist, regardless what the corrupt do, we are getting prepared, or we are prepared for the most part
[Vigilance] DiddyKong love the push-back from the States
[DiddyKong] Vigilance Oh yea!
[DiddyKong] And that all I have. I can finally get rid of all these tabs on my desktop lol.
[Vigilance] DiddyKong great info – thank you so much for sharing!
[DiddyKong] Vigilance np
[TxBikerLady] DiddyKong such a relief to hear all this. side question, how does crypto currency play into this, if at all, why is it even a thing?
[Betsy Ross] DiddyKong Great post!
[DiddyKong] TxBikerLady I think the crypto thing was more of a method to provide a currency without any backing. But at the same time, it is not supported by debt either. I think about it like exchanging your dollars for gold, but in a digital non-manipulate currency. My problem is, its digital. I need something in my hands.
[TxBikerLady] DiddyKong that makes perfect sense..I have been hesitant on it for the same thought
[DiddyKong] TxBikerLady and another thing about Crypto…. how viable would it be (me being a prepper) in a scenario when electricity is no more? Lol
[LuckyB] DK this digital currency .. they know everything you have how much you have what you purchase and you cannot hide any currency either correct
[TxBikerLady] DiddyKong hahahaha not so much lol
[LuckyB] no making any money under the table
[DiddyKong] LuckyB I do know too much about the security of it all, but just hearing the term “digital” was enough for me to walk away
[LuckyB] run very fast another way to control the people
[DiddyKong] LuckyB Supposedly, how much money you have gets converted to bitcoin, nothing more, nothing less. So yea, kind of like the gold exchange example, just digital and not manipulated (supposed to be anyways)
[LuckyB] digital is another way of saying credits you have 500 credits each credit is 1 dollar
[DiddyKong] What I find funny is when ppl talk about gold and silver and being viable when the economy crash. Stating reasons like “you can’t eat gold and silver”. What I am saying, and having been saying is that why wait for an economic crash before making gold and silver legal tender?
[DiddyKong] Makes no sense.