(Thanks, j. :)

Your information certainly runs counter to all other information on this topic presently coming in. :)

Reader jj writes:

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Re: *** Iraqi dinar, recently being said *** /....

Please do not post my e-mail. The last time I posted about the dinar crap I received a few unpleasant responses. With that type of reaction they know my last post was correct and it hit a nerve.

Iraq is currently in the process of demonetizing its currency. It has lost a great deal of her resources and revenue stream. The Kurds have taken everything in the north of Iraq and are using the lira of Turkey. ISIS has taken everything in the central part and is using a gold backed currency.

Like the IMF stated, the currency will only become weaker, not stronger. They realize they have too much currency in circulation. With the new currency Iraq's citizens, business and banks will able to covert the old with the new. Speculators are out in the cold. Any foreign individuals and business must prove they hold the currency for business transactions in and out of Iraq. In short you must have a monetary paper trail to convert.

Also Iraq is in the process of being divided back to it's original 5 kingdoms. The new Dinar probably won't last because it is against Muslim law to charge interest and to use fiat money, (must be backed by gold).

As it now stands on July 15, 2015, the IMF's SDR will replace the dollar in international trade. The IMF has teams in every country and the value of the currency will be based on a countries GDP, amount of debt, resources in the ground, stability, etc. The new value will be used to purchase the SDRs and conduct trade.

The US has until January 5, 2015 for Congress to pass the new IMF regulations. It is the only country on the planet which has not. The IMF has a plan B if the US does not vote on the changes. This would be horrific for this country as the dollar may be left out of the SDR.

There are huge changes coming in 2015 and it surprising how little the average American knows about what is going on. The rest of the world certainly does.

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