Enoch8 7/5/2011 ON ANOTHER SITE

Enoch8 7/5/2011 ON ANOTHER SITE

Enoch8: I heard the theory about the 5 Trillion and it's saying they have removed all but 5 Trillion from circulation.

Enoch8: It is dead wrong, IMO, because they clearly stated in the article in the thread that post was in, at One Dinar, that they have 5 Trillion Banknotes.

Enoch8: So, the observation IMO, is fairly obvious, they already printed the small denoms, as the people in the discussion are saying.

Enoch8: Highlander was very upset the day that article came out and it took an hour of talk with her, to bring the conversation back to that part, that said, 5 Trillion Notes.

Enoch8: See..... so many people have always tried to make the equation, they had to remove the large notes, to get the amount of reserve backing to increase the value of the IQD, by simply removing IQD from circulation.

Enoch8: I never bought that, because that would mean, nobody would be covering the IQD we own.

Enoch8: That is why the lopsters run amok, because they are smart enough to understand, that someone has to cover it or nobody gets paid.

Enoch8: Debunk the theory, that they have to remove 1000% of the money, to cover what is left and you debunk the lopsters.

Enoch8: Simple.

Enoch8: XXXXXXX used to ask, if there is only $44 Billion (at that time), in Reserves, and 58 Trillion in the M2, how could they ever cover 27 Trillion IQD, for more than 3/10 penny, without removing 1000% from circulation first.... meaning offering a time limit to cash it at 1170, or lose it?

Enoch8: Easy......

Enoch8: Most of the M2 is Dollars, etc. not IQD.

Enoch8: Iraq only has about 3.5 Trillion IQD in control of CBI, by your own research of CBI docs.

Enoch8: roughly 3.5 Trillion in private sector....

Enoch8: and about 20 Trillion outside of Iraq.....

Enoch8: and now it appears they have about 1.5 Trillion additional, not yet in circulation, in small denoms.

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Enoch8: Here is how that works.....

Enoch8: 1. They increase the Reserves, with a portion of the new DFI control.... not sure how much but should put maybe 4 times the existing $50 Billion, to say, (for easy example), about $150 of that, added to the $50, for a total of $200 Billion.

Enoch8: {That is the liquid assets portion and certainly more will be added to that liquid portion, now they have control of their money and CBI/GOI are reinstated to monetary sovereignty.}

Enoch8: 2. They take a portion of about $ 70 Trillion worth of 'Non liquid assets' and monetize maybe half of that, to cover the entire 28.5 Trillion, at say $1.30, by agreements with the IMF, World Bank, BIS and the US, whereby, the Central Banks, cash us out at the prevailing rates and take the 50k and 100k IQD Banknotes, (About 20 Trillion worth of them), and by arrangement, witnessed by GOI/CBI officials and BIS, IMF, WB and US Treasury, destroy the existing 7 denominations, as they come in, to be replaced by the new, 100k and 50 ks, as Bank to Bank and Gov to Gov, instruments, supported by the Non Liquid assets. {This is not currency for circulation, so does not have to be covered by the liquid assets, because it will become Bank to Bank and Gov. to Gov. only, instruments, no longer negotiable for public use.}

Enoch8: 3. Now..... here is the 'Hat Trick'.

Enoch8: Iraq would have already about $200 Billion worth of Reserves, but now, would also bring back and destroy all 7 Trillion of the 7 denominations, but replace them with 1.5 Trillion for Circulation and about 5.5 Trillion as Digital, in bank accounts, (2 Trillion private sector and 3.5 Trillion CBI and Bank Reserves, with 1.5 Trillion as circulation cash, both banks and private.)

Enoch8: What does that do, for their Liquid Asset Reserves, for all remaining IQD in circulation??

Enoch8: Especially, because right now, lending interest is not concidered to be liquid, under IMF Art XIV and the SBA addendum, after that is done..... we get to 4.

Enoch8: 4. Now they are able to incorporate, 15% Fractional Reserve allowances, under IMF Art VIII compliance and Basil III agreements.

Enoch8: This should have the effect, of adding an enormous reserves ability.

Enoch8: Copy this and post it there, if you want to. I am glad to be accountable to the scrutiny of the masses. Please feel free to do so.

Enoch8: This is what I usually ask XXXXXX to do, before he posts at XXXXX.

Enoch8: I got no problem with sharing stuff like this, for others.

Enoch8: See ya after work.