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Featured Post

Restored Republic via a GCR: Update as of Aug. 22, 2017

Restored Republic via a GCR Update as of Aug. 22 2017 Compiled 12:30 am EDT 22 Aug. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Friday, July 21, 2017

"Concept of Value" - Fri. AM KTFA Thoughts, News, Q&A w/ Backdoc

KTFA

Chris05:
Hey Doc,


Thank you very much for your well thought out, thoughts

I have a few questions, that I hope may help other students;

1. THE VERY CONCEPT OF VALUE IS SOON TO BE RE-DETERMINED

a. Are you stating that a previously used mechanism of 'valuing' global currencies will be re-implemented very shortly?

BACKDOC: AS I'VE STATED BEFORE IN MANY PREVIOUS POSTS THE WORLD IS RETURNING TO AN ASSET-BACKED FINANCIAL SYSTEM. IT WON'T BE AN OUT RIGHT GOLD STANDARD BUT SIMILAR. OTHER ASSETS COUNT AS WELL. THIS IS ALL DIRECTED BY THE IMF.

b. Does this concept of currency value, pertain to a combination of assets (in-ground, above-ground, GDP etc) backing a currency, to give fuel to its intrinsic value?

BACKDOC: ALL

c. What do you believe is the end goal of re-introducing this specific currency value mechanism as a way of exchanging goods and services bought/sold around the globe?

BACKDOC: RETURNING THE GLOBE TO A PAYMENT SYSTEM THAT IS SOMETHING OF VALUE FOR SOMETHING OF VALUE RATHER THAN SOMETHING FOR NOTHING
2. THE UNIVERSAL CURRENCY, BLACK GOLD, IS BEING USED FOR SETTLING DEBT WITH THE UNITED STATES, NOT PETRO DOLLARS. MMMMM


a. Is this specific deal you are referencing, an example of the new currency value system in action, whereby the asset with intrinsic value is being exchanged/swapped in return for debt (in this case old fiat generated debt) that will be wiped off the books.

BACKDOC: TOO SENSITIVE TO EXPLAIN NOW

b. Is this type of exchange structure between Iraq and the US been established, specifically because Iraq is no longer accepting Petro-Dollars (non-asset backed USD) today, for payment at the sovereign level?

BACKDOC: REMEMBER SAUDI ARABIA ALSO SENT TANKERS OF BLACK GOLD. I HAVE BEEN SAYING FOR YEARS THAT OIL IS NOT JUST A COMMODITY BUT THE UNIVERSAL CURRENCY. IT AFFECTS EVERY ASPECT OF A MODERN ECONOMY FROM CLOTHING, ROADS, PHARMACEUTICALS, FOOD PACKAGING,TRANSPORTATION, AND MANY MORE AREAS.

3. YES, SOMETHING BIG HAS TO HAPPEN SOON BEFORE WE CAN ENTER THE GLOBAL NEW REALITY.


a. Are you looking for one BIG event to occur or a series of events to occur?

b. Should this SOMETHING BIG to happen in the US, specifically related to legislation in Congress, or decisions made by the UST?

c. Do we first need to see public announcements of SOMETHING BIG happening, or can it be hidden from the public eye?

BACKDOC: UST? YES, LEGISLATION. IT COULD BE HIDDEN IN OTHER BILLS.
4. WHEN THIS EVENT OCCURS, WHAT WE HAVE ALL BEEN WAITING FOR WILL HAPPEN VERY, VERY, VERY QUICKLY.


a. Are you suggesting that if the BIG EVENT does not occur, we will not see the rate of the IQD or any other global currency, revalue?

BACKDOC: WHETHER SEEN OR NOT THIS HAS TO OCCUR WITH NO OPTIONS!

b. It appears that your current timeline for the BIG EVENT to occur, is between TODAY and September 30, 2017. Is that correct?

BACKDOC: THIS SEEMS LOGICAL BUT UNKNOWN FOR SURE.

c. Would it make sense for the Trump Administration to start the new Fiscal Year of 2018 (October 1, 2017) using the new digital asset-backed financial system, have one set of books for all business?

BACKDOC: BING BAMM BOOM!

d. If so, what would be the implications if the BIG EVENT did not happen between now and September 30? Would we simply have to wait another Fiscal quarter to see the big event occur?

BACKDOC: HOPEFULLY NOT BUT IN AN EXTREME GOVT. SHUTDOWN IT COULD BE POSSIBLE. I WON'T GO THERE.


Ok, I will leave it at there, for now. Cheers Doc.

I hope you have time to respond despite your busy schedule. Chris

BACKDOC: ALL OF THESE ANSWERS ARE IN MY OPINION OF COURSE, BASED ON MY STUDIES.

LOOK FOR EVIDENCE GOING FORWARD. PAPAJ IS SHOWING YOU SOME TODAY!


Pappa-J » July 21st, 2017

HEY DOC, YOU SAID SOMETHING BIG HAD TO HAPPEN RIGHT? WELL DON'T TELL ANYBODY BUT HERE IS A REAL POSSIBILITY! HEHEHE….. YES SIR I THINK WE WAIT FOR PUBLIC SECTOR ACTIVATION!!!!

Trump And A New Gold-Backed Dollar

Jan 20, 2017 7:05 PM

On August 15, 1971, President Nixon killed the last remnants of the gold standard.

Since then, the dollar has been a pure fiat currency, allowing the Fed to print as many dollars as it pleases.

Removing the US dollar’s last link to gold eliminated the main motivation for foreign countries to store large dollar reserves and to use the dollar for international trade.
At this point, demand for dollars was set to fall… along with the dollar’s purchasing power. So the US government concocted a new arrangement to give foreign countries another compelling reason to hold and use the dollar.

The new arrangement, called the petrodollar system, preserved the dollar’s special status as the world’s reserve currency.

In short, the US government made a series of agreements with Saudi Arabia between 1972 and 1974, which created the petrodollar.

The Saudis would use their dominant position in OPEC to ensure that all oil transactions would only happen in US dollars. And the US would guarantee the House of Saud’s survival.

It worked… for a while.

The petrodollar filled the void after the US severed the dollar’s last link to gold as the main prop to the dollar’s status as the world’ premier reserve currency.

So far, the petrodollar has lasted over 40 years. However, the glue is losing its stick.

I think we’re on the cusp of another paradigm shift in the international financial system, a change at least as fundamental as what happened in 1971 when Nixon severed the dollar’s last link to gold.

The relationship between Saudi Arabia and the US hit historic lows in 2016. I only expect it to get worse. Trump is the first president since the petrodollar system was enacted to be openly hostile toward the Saudis.

The death of the petrodollar system is my No. 1 black swan event for 2017.

It raises the question: What will fill the void when the petrodollar inevitably dies?

When that happens—and it may be imminent—something has to replace it. I think there are only two options.

Naturally, the global elite want to centralize more power into global institutions. In this case, that means the International Monetary Fund (IMF).

The IMF issues a type of international currency called the “Special Drawing Right,” or SDR.

The SDR is nothing new. The globalists have been slowly building it up since 1969. In the near future, it could be used as the premier international currency—the role the dollar has played since the end of World War 2.

The SDR is simply a basket of other fiat currencies. The US dollar makes up 42%, the euro 31%, the Chinese renminbi 11%, the Japanese yen 8%, and the British pound 8%.

It’s a fiat currency based on other fiat currencies… a floating abstraction based on other floating abstractions.

The SDR is not based on sound economics or the interests of the common man. It’s just another cockamamie invention of the economic witch doctors in academia and government.

The SDR is dangerous. It gives the government—in this case, a global government—more power. It’s a bridge to a powerful global monetary authority, and eventually a global currency.

Most decent people would consider this a bad thing. That’s why the global elite cloud their scheme with dull and opaque names like “Special Drawing Right.”

It’s an old trick. Governments have used it for eons.

The Federal Reserve is an excellent example. After two failed central banking experiments in the 1800s, anything associated with a central bank became deeply unpopular with the American public. So, central bank advocates tried a fresh branding strategy.

Rather than call their new central bank the Third Bank of the United States (the previous two were the First and Second Banks of the United States), they gave it a vague and boring name. They called it “the Federal Reserve” and managed to hide it in plain sight from the average person.

Nearly 100 years later, most Americans don’t have the slightest clue what the Federal Reserve is, what it does, or how it has eroded their standard of living.

I think the same dynamic is at work with the IMF’s “Special Drawing Right.”

The breakdown of the petrodollar is the perfect excuse for the globalists to usher in their SDR solution.

So that’s the first option. It’s the global elites’ preferred outcome. It would be a very bad thing for personal and economic freedom. It means more fiat currency, more centralization, and less freedom for the individual.

The second option is to simply return to gold as the premier international money.Here’s how it could happen…

Trump might play along with the globalists’ schemes, but I doubt it. He’s the first president who’s openly and sincerely hostile toward globalism. He’s denounced it repeatedly.

Trump recently said, “We will no longer surrender this country, or its people, to the false song of globalism.”

In my view, there’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing.

Trump has said favorable things about gold in the past. So have some of his advisers.

It wouldn’t be easy. He’d face one hell of a struggle with the globalists. And winning would be far from certain.

No matter what, the death of the petrodollar, just like the end of the dollar’s link to gold, will be very good for the dollar price of gold and gold mining stocks.

When Nixon took the dollar off gold in 1971, gold skyrocketed over 2,300%. It shot from $35 per ounce to a high of $850 in 1980. Gold mining stocks did even better.

Gold is still bouncing around its lows. Gold mining stocks are still very cheap. I expect returns to be at least as great as they were during that paradigm shift in the international monetary system.

All this is why what happens after Trump’s inauguration could change everything… in sudden, unexpected ways.

http://www.zerohedge.com/news/2017-01-20/trump-and-new-gold-backed-dollar

Pappa-J Cont…………

New U.S. Currency Already in Our Money Supply http://themillenniumreport.com/2016/07/new-u-s-currency-already-in-our-money-supply/

Gold-backed Currency Launches in Dubai http://www.zerohedge.com/news/2017-05-30/gold-backed-currency-launches-dubai

Russians Stunned As Chinese Leader Pushes Gold Backed Yuan http://www.gold-eagle.com/russians-stunned-chinese-leader-pushes-gold-backed-yuan

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/#5e6c8da44d54

LoneStarCowboy » July 21st, 2017

~~PAPPA-J~~ WOW....yes that would be Very...Very BIG!

Zerb » July 21st, 2017

Nice job PJ backdoc & Thunderhawk! I believe we're almost ready for the reset! Level playing field! Bye bye fiat! Hello gold/asset backed GCR! Peggy outstanding job also! Chris great questions....I think you answered yourself! I want my money and I want it now! UST take us down the yellow brick road! Yahweh bless!

Pmac » July 21st, 2017

IMO- THAT... is what we are looking for!!

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