KarmaKing: I was just reading the blog here. There was some talk again about exchanging in fiat or asset backed. I would not be concerned about this. If you exchange and walk out with the cash, it will with the same money you use every day.
Tony went over this multiple times in the past. The TRNs work between banks. IF there was a new currency coming out, everyone in the country would have to be told beforehand that there would be a new currency coming out.
One, so they’d go to the bank and change out their old bills for new ones. Two, so business know to accept the new currency.
You wouldn’t offer someone business in exchange for some blue and pink note that they claim is money without knowing officially from the government if it is or not.
KBoom: karmaking & yada- here’s my take on the asset-backed issue: There is no way, imo, this rv/gcr will nor can occur in the old fiat system. The core premise to fixing the global economy spells the end of the fiat printing presses.
DemCoit: Little tidbit fiat currency has never been successful in any country since the beginning of time
Yada: K Boom,,the fact is is is occuring with out it,,,,if we or anyone was going asset backed,,the price of gold would of started skyrocketing,,,,that aside,,,,we are dealing with digital numbers,,,do not need the actual currency in that case,,,Tony has confirmed that on multiple occasions,,,the biggest reason why is the public would go out of their minds if there was a new type of currency and they do not have it,,and there is no way,,,and two bookkeeping systems can not work side by side
KBoom: Yada- I agree that the physical currency itself is NOT at all an issue. Its what is backing the ‘promissory note’- which is all these paper instruments really are.
Yada: A good example of what the world is headed toward is what ia going on in Iraq,,,they have the digital cards they are getting the people use to while still keeping currency in circulation,,all they have to do is squeeze the currency amount to less and less,,,,,,,,,,read the book of Rev,,,a cashless society is on the horizon
KBoom: yada- ‘cashless’ can take on two different meanings. the true cashless to me means not ‘digital’/plastic transactions- but that is another convo altogether
Yada: the TRN are our treasury notes our government owns that is circulated between countries,,,that money will come back to the tresury,,,not the Federal reserve where we owe and have our national debt,,,,TRNs are the same as bonds in other coutries,,we, in main street,,will never see them
hitdoc : Tenn…did you get her fired….lol
Tennwolfman : hitdoc–she left on her own free will
hitdoc : Tenn…maybe she has some currency…
Tennwolfman : she did purchase currency over a yr ago
OKRocks: Gazette still has not been updated since Nov 30
karmaking ;A close relative of mine went to a Chase bank this morning and asked the manager specifically if he could exchange his currencies here when they revalue.
The manager said, “well right now it’s only worth about $90.” He asks again, what about when it revalues? The manager said, “Well you wouldn’t be able to walk out of here with a million dollars, but I could write you a cashier’s check.”
So there’s a story of a bank manager not only acknowledging a revalue in currencies, but that it would equate to millions of dollars when it happens. (in KY)
We’re all going to be rich, my friends.
DeeMoney: danblessed- I’ve been watching that too. I heard in the past that it could be good for us as forex may be resetting to change along with the CBI. Not sure how true, just what I heard.