Great questions. Not so great answers.
Under Basal III agreement [by all the controlling bankers] there is to be a Global Currency Reset this summer. 198 of the 204 currencies of the world are to be revalued with each currency backed by "asset" rather than "fiat" [current federal reserve "dollars" are "fiat currency" backed the the paper it's printed on and "full faith and credit of the USA" [which has been now downgraded twice under current administration]. This has now started, but far from completion. BRIC is making a strong play to become the world reserve currency, and the US Dollar as the petro dollar is fading fast. [to buy oil, you must pay in USD, which means you take your Yuan, buy dollars [at exchange rate of the day] then pay Russia, or Saudi, or Iran, or whoever has oil, in USD.. The world isn't happy with that arrangement presently. The FRN [Federal Reserve Note, fiat currency "dollar"] is now being phased out and replaced with TRN [Treasury Reserve Note] which is "asset backed" as required by Basal III agreement. As of 2013 the 100 year charter of the "Federal Reserve" [a private corporation, not federal, not a reserve] is finished [1913 federal reserve act, google it, read it]. The value of your savings and FRN dollars you hold will be "reset" sometime during this GCR. Early scuttlebutt said FRN's would be valued at 50% of face value.. later scuttlebutt says no, it will be held at higher value.... above my pay grade in any case.. it is and will be a closely held and guarded secret until "released" to keep currency traders in check. The good news is: Through it all, my Mercedes continue to function as built and I expect to continue to afford to buy parts for them as needed. Grant... On Fri, Jun 6, 2014 at 7:26 AM, Mitch Haley <m...@voyager.net> wrote: > arche...@embarqmail.com wrote: > > Domestically you may be right, but I am looking at Americas position >> among the nations of the world. >> All nations eventually decline. The problem is that we have no way of >> knowing when our nation will do so. Looking at the data link on my email >> to Scott: >> > > It may be difficult to impossible to predict, but now that it's happening, > it's easy enough to see. > > Remember when the British Pound was the world's reserve currency? > (well, I doubt anybody alive has a personal memory, but you know what I > mean) > That was when jolly old England was the predominate world power. > > Remember when the US Dollar was the world's reserve currency? > That was before about 2008. > The transition isn't complete because we don't have a replacement world > monetary standard yet. Will it be the Yuan, the Euro, or maybe we'll have > different commodities priced in different dominate currencies? > > Mitch. > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > All posts are the result of individual contributors and as such, those > individuals are responsible for the content of the post. The list owner > has no control over the content of the messages of each contributor. > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
