Entry Submitted by Canadian Girl at 2:29 PM EST on November 29, 2016
Dear VERITAS, I have been reading your questions and answers and with great respect. I have a LONG list, and I was hoping that you could give me your thoughts too. As my username reflects, I am CANADIAN. Those of us from North of the 49th parallel have relied greatly on the information coming from the USA. In Canada, we have had NO information provided from within our borders. It is a different business culture here in Canada. For example, when something is confidential that means NO INFORMATION is provided. Yes, some have been able to go to their Wealth Manager and get general information such as, “I will watch for those currencies.” I laugh saying this to you, but that is the honest start and finish to the conversation with Wealth Managers.
Here are my questions:
We have seen everything from SOUP to NUTS with rates, for example:
IQD: $1 USD to $3.70 USD
VND: .47 cents USD
ZIM: .13 to .22 cents USD
IQD: $3.70 to $7
VND: $3 range
ZIM: $1 (based on 20%)
Sky is the LIMIT :)
I wanted to ask you if you could clarify on WHERE these rates are coming from, if possible. Logic says that some may be depending on what a BANKER is advising is on a screen without showing what that rate means. I believe and understand that the 3 dollar rate range for the Iraq Dinar is reflective of their OLD rate prior to war being reinstated. There has been some verification that rates in the 3 to 4 dollar range has been done.
There has been much discussion regarding SOVEREIGN RATES. When I hear sovereign it has always been with the understanding that this was TIER 1 (some) and that primarily this was a COUNTRY rate? Could you give us some REALITY so individuals have a better understanding of what to expect?
Yes, I have read that some people who have very well constructed HUMANITARIAN projects, could negotiate for a higher rate but if you could give us thoughtful reality, that would be very helpful.
You see, it is my logic that makes my face cringe thinking that a bunch of CURRENCY holders are going to go in with a short humanitarian list or project THINKING ….”All I have to do is tell them I want to SAVE A WHALE, and they will give me 50 QUADRILLION dollars to do that.”
Your wisdom is appreciated, and will make the exchange process FAR easier.
WHY are we part of this?
In understanding the BASEL III requirements of countries and institutions (Banks), logic tells me that the CURRENCY holders are the LIQUIDITY for the BANKS and COUNTRIES. We have heard a GREAT deal about GOLD backed currencies of late but, is this GOLD backed perhaps not better named: ASSET BACKED as per Basel III?
So IF I am correct in seeing the IMPORTANCE of managing debt (ZERO), resetting global debt, and ensuring that countries and banks are ASSET BACKED once again…. it is not a FAR REACH to see that the importance of the FIRST STEP is to have the money come into these countries and banks via the CURRENCY HOLDERS. POOF liquidity
I too am Christian and love “Blessed are the meek, for they shall inherit the Earth” Mark 5:5
The importance of this question is to HELP the currency holders not only understand that they will have MORE MONEY in their accounts, but WHY?
STRENGTH of the BANKS (post exchange)
Generally thinking, the BANKS will be much safer after the RESET (or what ever name given to this). WHY would banks be safer? It is the LIQUIDITY provided through the currencies to the banks, backed by sound debt free governments. This liquidity will FUEL countries to have massive INFRASTRUCTURE funds to employee the billions of people on Earth.
Do you too have thoughts about the SAFETY of most banks?
INTEREST RATES and STRUCTURED PAYOUTS
I have seen a lot of information about WHAT to invest your NEW FUNDS in. Some people have stated we may be offered ANNUITIES or STRUCTURED PAYOUTS with fixed high interest rates. Now I definitely see the VALUE for most people to look very STRONGLY at STRUCTURED PAYOUTS but I am wondering HOW we can manage interest rates of 8% or higher on the significant volume.
There is a beautiful thing called COMPOUNDING that really is almost more important than the original exchange itself. If people are LOCKING IN at high interest rates such as 8%, the original amount you put in is going to grow at an astronomical rate.
I have seen some posters comment about HYPER inflation from the influx of the exchange monies. This is a VERY VERY GOOD QUESTION… Are any of your contacts able to give details on what is going to counter hyper inflation occurring?
For example: If 1,000,000 (1 million) people run out and starting BUYING houses, cars, businesses, etc. this is a beautiful example of supply/DEMAND!!!! Yes, I intentionally capitalized the DEMAND part because if people are worried about a RUN on the BANK…. they really should be more intrigued by the RUN ON THE MARKET.
I’m smiling right now, and again appreciate your wisdom.
EXCHANGE of CURRENCIES
My logical heart and mind says, this will be like a NORMAL exchange with just the most fabulous balance in my bank account. When this exchange takes place, I HIGHLY suspect that our banks, and financial planners will be taking a strong lead in training and providing specific details to each of their NEW BIG clients.
Are you also hearing that the BANKS and FINANCIAL planners (Wealth Managers) are WAY ahead of us in the list of simple steps that each of the currency holders will take?
We are in a beautiful window that is now LOUD in Iraq. Their news, government and CBI have all been confirming that Monetary Reforms are soon if not up to January 2017. This is an unprecedented UPDATE from Iraq. So, my thoughts are we are in a WINDOW between NOW and January 2017. Do you too agree that this is the window? What are your thoughts on SLOW AND SYSTEMIC roll-out to SLOW any potential for hyper inflation?
I am unaware of any information that pertains to Canada having any groups, or contracts? Do you have any information about Canada that could be helpful for those of us who are NORTH of the 49th parallel?
You are the BEST and I greatly appreciate you taking the time to answer my questions.
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Tuesday, November 29, 2016
Entry Submitted by Canadian Girl at 2:29 PM EST on November 29, 2016
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