Friday, January 17, 2014

1-17-2014 Intel Guru Dinar Wishes

1-17-2014   Intel Guru Dinar Wishes   [Christine Lagarde just said on her press conference that central banks were responsible for the assets of their country to meet the value of their currency.  The oil, I thought, coming out of Iraq would value for a good amount – that does not count?]  They are under sanctions…Sanctions take whatever profit they create and divert them to the DFI funds.  [What is the DFI fund?]  It’s the operational fund set aside for Iraq to rebuild and run their country when they are finally free of sanctions… i.e., when they RV and have control of their currency.  [Do we know who holds the purse strings?]  The US and the IMF and the UN. [post 2 of 3....stay tuned]