charlie ok so who is doing their homework?
guardian count me out, been busy with family
Jade Hey Moppy, chandler1, b1955 .. we are just being wacky over this chat being back...
Jade Watched and read a lot this am
charlie Please watch this now if you can: http://www.dinarspeculator.com/conte...MONEY-CREATION
gigi3 Thanks, Charlie.
Jade Watched this earlier...very good!
guardian that was excellent!
gigi3 Very useful.
Jade Makes me want to study North Dakota and start our own banking system!
gigi3 I thought about that this afternoon, Jade.
guardian i'm sending it out right now to my email contacts
gigi3 Good plan, G.
charlie Jade you are right
guardian could be, but i don't know
Jade Ok, lets study
charlie did anyone watch the oil videos?
Jade yes
charlie http://www.dinarspeculator.com/conte...ergy-Economics
charlie http://www.dinarspeculator.com/conte...Peak-Cheap-Oil
charlie http://www.dinarspeculator.com/conte...5087-Shale-Oil
charlie http://www.dinarspeculator.com/conte...nd-the-Economy
charlie Jade, you are on your game!
charlie my chats will avail little without watching and reading what i post
Jade Have seen a current - today - report that the US oil is not decreasing right now?
charlie it will in the next month
Jade I love how they swear it is not crashing ... fill up the tank and cherish the royalty check!!
charlie it will be down to 600,000 barrels per day by june
charlie there's a lag from rig to production numbers http://srsroccoreport.com/shale-oil-...r-day-by-june/
Jade G, willyou show me later how to send those you tubes please
Jade I knew it had to happen ... you saw the ero is at its lowest point in 12 yrs?
guardian ok
Jade EURO
Jade TYVM
guardian i am still in shock 8-| after seeing that video, i had no clue the Federal Reserve was that bad
guardian drawn on an account that has NOTHING in it...geesh!
Jade That's why I want to study the banking system in North Dakota ... they got away from Fed reserve
charlie nothing at all
guardian me too Jade
charlie private banks can be fed free
guardian that's a relief
Jade and loan only what they have
charlie i will get into money creation tonight
charlie we own dinars
charlie where do they come from?
Jade YES WE DO!
charlie when we look at M0, M1, M2 we need to understand why it goes up, and up, and up and up and....
Jade Mine came from a company in USA
Jade Getting educated properly!!
Roadrunner good deal Jade
guardian just fine, soaking up info
Roadrunner absolutely excellent!!
Jade What is M0 M1 M2 ?
guardian money supply
charlie If you didn't get a chance to watch the videos before tonight's chat, I advise you watch afterwards and then review the chat again
Roadrunner different tiers
charlie yes i posted the definitions in the glossary
charlie http://www.dinarspeculator.com/showt...-The-Three-M-s
Jade Right..ok
charlie Just did that a few minutes ago
Roadrunner thank-you Charlie
charlie you are welcome roadrunner
charlie at some point i need to make a beginners guide, because we will be moving on very fast going forward
charlie the money people try to confuse us, they do a good job at it
Roadrunner that is for sure
Jade That would be good - have memory issues anyway
charlie roadrunner, have you seen our other chats yet?
Roadrunner very nice chat last night
Roadrunner I have seen 2 of them Charlie
charlie good!
Roadrunner I am catching up on the reading
charlie we have so much to cover, i may have lost a few with long drawn out boring non-dinar conversation but it's all connected
Roadrunner one can never learn too much
Roadrunner and then associate it together for the bigger picture
gigi3 I need to study it so I can articulate it... as suggested.
charlie so i begin tonight with a very important question: where does money in the our central banking system come from?
charlie if you watched the video on money creation, you might be shocked
Jade I guess we print it as wa ted
charlie we were asked by our parents: "do you think it grows on trees?"
tudor WOW!!!
Roadrunner tax payers, stock market,, list is long
charlie truth is stranger than fiction
charlie it comes from THIN AIR!
charlie IT IS CREATED OUT OF NOTHING
Roadrunner there ya go
tudor charlie, what a cool room!!
charlie HEY TUDOR!!!
tudor what did you do in here lol
Jade Welcome T
tudor its cool!
charlie so how does it come from thin air?
tudor hey Jade
charlie fractional banking allows banks to take your money deposits (anywhere from 90% to 100%) and loan it out at interest
preacher man It's just printed like ours
tudor Roadrunner!! hey sweety
tudor hows your back?
charlie most of the money in circulation is not printed
tudor nope, digital isnt it?
charlie it's keystrokes on a computer into a system
Jade Yes, the minute we got into here!
Roadrunner not good tudor- but managing- thanks
charlie so lets say Jade goes to the bank and deposits $1,000
charlie the bank credits her account with $1000, puts $100 in the vault
charlie Tudor walks in and asks for a $900 loan
tudor alrighty lol
charlie they take Jade's money and give Tudor $900 because legally the can
tudor and I run like he......
tudor jk
charlie how much money now exists
charlie 1000 + 900
Jade right behind you
charlie Tudor goes to the store and buys a computer so she can chat on DS
tudor good for me!
guardian what about all the NSF Fees they incur?! (lol)
charlie the store owner deposits $900
charlie what do you think happens next?
guardian oh that's right, they're exempt
charlie the bank takes the 900, puts 90 in the account and then borrow 810
guardian they loan out the $900
Roadrunner and the cycle is complete
guardian and a very vicious cycle
tudor thats amazing charlie
charlie and this goes on until a $1,000 deposit becomes $10,000
gigi3 No wonder debt accumulates so quickly!
tudor do I get to keep the 900 hahahaha
charlie if we go back to the beginning of the process at the Fed, it's more astonishy
gigi3 YOU get to pay the interest!
charlie yes exactly
charlie the Fed lends money to the govt at interest
charlie money that doesnt even exist
jerry but Fed Reserve pays dividends to owners!
charlie if you lent me money by writing a check, i would deposit that check
charlie yes the owners are the banks
jerry sorry got ahead of you
charlie 6%
charlie good one jerry, not ahead
charlie i like the fact you are engaged!
tudor thats better charlie
jerry lol
charlie tudor thanks! i need my chat to stand out more
tudor that will do it lol
tudor perfect!
charlie but this might be over doing it!
jerry u stand out now!
tudor WHOA!!
charlie sorry
tudor hahahah
charlie how is this?
guardian yea that one smarts!
tudor nice, that stands out now
Roadrunner I am not blind in one eye
guardian last one is good
Roadrunner now^
Jade Great
tudor slightly larger than the rest, just right
charlie i'll go with blue too
tudor good choice lol
guardian yes good choice
charlie to understand how the fed works, please watch the video, it's animated and entertaining
charlie the CBI was created similarly
charlie iraq is a smaller version and does things slightly differently
charlie but when we hear someone talk about currency circulation, we need to understand that the increase is a product of economic growth
charlie i have heard lopsters talk about "whoa, look at the amount of dinars in circulation! lop time!'
charlie they don't know what they are talking about
charlie an economy that is growing, under this system, will naturally experience a growth in currency
charlie as iraq's gdp grow's, so will the the amount of dinars (not printed, but in computers)
charlie the issuance of bonds is a way to increase money supply as the govt borrows
charlie bonds are simply IOU's
charlie anyone can buy them, the big players are banks and central banks
charlie they gain interest and if the country (like the US) is relative stable, it's a good safe investment and a hedge against inflation
charlie money that sits devalues
charlie you need to stay ahead of your own inflation
charlie remember that rising prices is the sympton of inflation, which is simply the increase in money supply
charlie lets take a look at ira
charlie iraq
charlie http://www.tradingeconomics.com/iraq/money-supply-m0
charlie click the first year and change to 2003
charlie do the same for all three
charlie http://www.tradingeconomics.com/iraq/money-supply-m1
charlie http://www.tradingeconomics.com/iraq/money-supply-m2
tudor oh wow! what a change
charlie now look at gdp
charlie http://www.tradingeconomics.com/iraq/gdp
tudor all three went up dramatically
tudor make that all four
charlie gdp since 2006 as reported is nearly 5 times more
charlie this is why money supply increased in iraq
charlie businesses and people are borrowing to do whatever it is they are doing
charlie another chart to look at since 2003 is oil production
charlie http://www.tradingeconomics.com/iraq...oil-production
tudor bumpier, but still way up
charlie this is one of my favorites - gold reserves
charlie http://www.tradingeconomics.com/iraq/gold-reserves
tudor big jump
preacher man What about all the money that was skimmed off the top from all of the corruption?
preacher man Is it a total loss, or will they be able to get that back?
jerry holy maceral (sp)
charlie money is money regardless of who's hand's its in
guardian they found Maliki's and Sharistani's at HSBC
charlie nathan rothschild created an empire that is worth 1 trillion
tudor they are working to get some of it back
guardian and a few more people there
charlie but its a good question preacher man
charlie the oil in that ground is greater than anything that iraq does wrong in the beginning, yes 10 years is still a beginning
jerry do they really have all that gold?
charlie yes, but not in country
jerry got it
charlie which is always a concern, nonetheless they have a claim
charlie so shifting back to money supply
charlie if your money grows and your gdp doesn't, you got a big problem
charlie unless you are the US and all your money is in central banks around the world
charlie the fed introduced nearly 4 trillion since 2008 into our system
jerry all in key strokes or gold
charlie keystrokes
jerry figures
charlie the dollar flows farther than any currency
charlie it travels the world
charlie china owns 1.3 trillion in dollars
charlie japan is closely behind
charlie iraq doesn't flow the same
charlie dinar circulation to gdp in iraq is truer than dollars
charlie iraq wants a stable currency and they really do have one
charlie give me a minute...
tudor but they need more value
tudor heck, we need them to have more value lol
Jade they will before we collect!
guardian stable because backed by gold?
tudor very true Jade
charlie good point tudor - value vs ?
tudor I think your right guardian
charlie gold immensely helps to stabilize
charlie value vs the euro - the dinar increased
tudor yes
charlie http://www.xe.com/currencycharts/?fr...to=EUR&view=1M
charlie so you are right, we want value, but we want value vs the dollar
charlie we can only increase vs the dollar by depegging
tudor and value that is internationally traded
charlie i believe that when the world economies are shaken, and i believe this will happen within 2 years, the reset will be a look at your natural inventories
charlie what does your country bring to the game
charlie got gold? good
charlie got oil? better
charlie pause for a minute and realize the the 20th century was ALL ABOUT OIL in terms of progress
tudor natural gas is good too isnt it?
charlie IT STILL IS
charlie yes but only for certain purposes
charlie all energy is not equal
tudor agreed
charlie it's in the oil videos (Tp)
charlie i keep going back to oil because there is NO ECONOMY in the world without oil
charlie our systems are built around it
tudor black gold
charlie it will take decades for us to change and even then, you won't get the same energy
charlie it is black gold
charlie not to mention all the products made from it
jerry we stock pile natural gas too
charlie yes natural gas is good, for heating and cooking and other things
jerry and practilly in my back yard
charlie OIL IS KING
charlie heavy grade middle east oil is KINGER
jerry I agree
tudor hahahaha
charlie i will fast forward to the fact that OIL is more important than just about anything on the face of the natural earth except water
charlie and maybe dirt (@)
charlie we need dirt for food
charlie most of us came to dinars because of oil
Jade For water too
charlie by golly we were right!
Roadrunner and toast
guardian lol
tudor hahaha
charlie politics and banking and all the other things that come in between
charlie i love toast
charlie butter
charlie olive oil
Jade jam
tudor honey
charlie so lets roll this back to the CBI and the creation of dinars
Jade garlic bread
Roadrunner all good condiments
charlie they can create dinars
jerry goodnight all, nice to have the old chat system back
tudor night jerry
charlie it wont be on the backs of iraqis
charlie it will be on every drop of oil
charlie its not represented yet
charlie because the US controls iraq - though many might disagree
charlie just look at their central bank reserves and you will see who's side they're on
charlie but i believe that will change soon
preacher man If we started using our own oil, wouldn't that throw a kink in Middle East oil?
charlie we can't because our refineries are not made for light grade like shale
charlie in a free for all, the US has oil it needs
charlie it would need to change the system
charlie but that costs money
charlie and the oil industry won't spend unnecessarily
charlie it prefers to export oil
charlie let the country import all it wants
charlie http://en.wikipedia.org/wiki/List_of...oil_production
charlie http://www.bloomberg.com/news/articl...ertaking-saudi
charlie bottom line is the US needs it's oil
charlie we consume more than any country - its not close
charlie but back to iraq
tudor night RR
Jade by RR
charlie the global reset will allow iraq to reposition itself
charlie the reset is not and "if" but a "when"
charlie at which point, OIL will be placed in the fore front
tudor hope that when is almost here
charlie Saudi Arabia is spending more money on military than any country in the world
charlie it knows that the neighborhood is about to get rough
charlie like it never was :)
charlie good night rr
guardian is it true that Saudi Arabia is running out of oil, therefore, reverting to selling solar as a backup plan?
Jade war over their oil?
charlie the world is a coiled spring about to explode
charlie saudis are pumping lots of water out of their wells
charlie it's costing them more
guardian ohoh
charlie this is the natural process
charlie watch the peak oil video
charlie peak cheap oil
charlie the first half life of an oil well is the most profitable
charlie the second half is the most expensive
charlie iraq is between saudi arabia and iran
charlie both claim to have the most oil
charlie wonder who does -----> my bet is iraq
tudor mine too
charlie so iraq isn't troubled by the dinar
charlie it is stable
charlie they are buying gold
charlie imitating china and russia
charlie it is possible they china goes to a gold standard
charlie but that won't happen until its the last nail in the dollars coffin
charlie many countries are chasing gold
charlie including the swiss
charlie iraq is doing all the right things to stabilize and prepare itself for the reset
charlie it needs to dump dollars and add gold
charlie that is what you need to look for
charlie the dinar isn't an overnight game
charlie but the stakes are very high
charlie http://www.zerohedge.com/news/2015-0...-foreign-trade
charlie i wont get into the topic of iran tonight
charlie dont know if we are ready for it
charlie the picture is painted they want nuclear power to build bombs
charlie iran has more oil than anybody
guardian the petro "dollar" and oil work hand in hand, aren't they stuck with the dollar?
charlie but they need to use it
charlie good question guardian
charlie that's all about to change with the new trade systems being created by the BRICS nations
charlie SWIFT was the way the US controlled the world
charlie you cant move money, bank to bank without it
charlie but now china http://rt.com/business/239189-china-...-system-ready/
charlie russia http://rt.com/business/204459-russia...t-alternative/
charlie folks, the next 20 years wont be like the last 20 years
charlie the world is changing and this is why we are looking for war wherever we can find it
charlie dinars are on the sidelines watching
charlie so are many other currencies and assets
charlie hard assets
charlie we aren't hearing about this because CONFIDENCE IN THE DOLLAR is TOO IMPORTANT FOR OUR BANKERS
charlie i've been having two conversations since i started chatting
charlie one is about the dollar
charlie the other about the dinar
tudor and you do it so well lol
charlie we have studied the dinar ad nauseum for 10+ years
charlie no one has looked at the dollar
charlie the dinar is FINE
charlie it has a good pulse, it's eating well and some days it gets some exercise
charlie the dollar is another story
guardian when they decide to dump the petro dollar, do you see another Great Depression?
charlie and because we are in a dollar economy, it matters to dinar holders or owners of other currencies
charlie BUT WHAT ABOUT THE DOLLAR STRENGTHENING?
charlie yes Guardian, or war
charlie we are pawns
charlie hug your children if you have them
guardian sorry to hear that
guardian move to another country?
charlie we've pawned off our future, there is not vengeance like a woman scorned
charlie or debt
tudor no where to me is greater than the USA
charlie some think so but no
charlie we can position ourselves
guardian Puerto Rico, Balise, Panama ({)
charlie panama is the place that is most friendly
guardian ahhh sounds good
charlie my sources are trying to sell me that but i love america
tudor me too charlie
guardian me too, but we may starve
charlie i think we will figure it out
tudor I could stand to lose a few pounds lol
charlie the american spirit, when given the chance will find a way
guardian lol tudor
tudor I know this is serious, but have to keep humor too
charlie but we need to prepare
charlie haha!!!
charlie we need humor
Jade I'm stocking canned goods
guardian i can eat beans, doesn't bother me
charlie and candy bars toos
charlie too
tudor soups in cans are good too, dont need to be heated
tudor and are moist
charlie if and when you prep, you want things that you will like to eat
Jade and..rotel :)
tudor oh Jade lol, hotttt!!!
guardian lol jade
Jade goes with brown rice
charlie i have an excellent list of things everyone should do to be prepared for anything
charlie and it won't have a link to another site
tudor charlie you should post the list if you dont mind
Jade may we have it?
charlie im not selling anything, just trying to save a few
charlie i will tonight
tudor dont forget the T-paper lol
tudor thanks charlie
guardian store shelves will empty fast, so we need to stock up
charlie i live near big cities, bad place to be
tudor we bought some extra today, not much but every little bit helps
Jade Sam's / COSTCO have cases .. cheaper
tudor yes they do
charlie we aren't talking years, but a few months prep could spare you problems
tudor agree
charlie i drive around all day and see prosperity all around
charlie i say to myself, how could this possibly change
charlie we were very close in 2008
Jade That was when I had to sell silver...bars
charlie http://moneyweek.com/bill-bonner-the...like-a-picnic/
charlie not selling this book but this is a very accurate video
charlie rickards is not to be underestimated
charlie https://www.youtube.com/watch?v=KYW5OGWfqJc
charlie good night and be blessed!