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Thursday, December 22, 2016

HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING, 22 DEC

HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING

December 21, 2016


HOW MANY CURRENCIES ARE RE-DENOMINATING OR RESTRUCTURING AND WHY??? WHAT ARE WE SEEING TAKING PLACE AROUND THE GLOBE? BELOW IS JUST A SMALL SAMPLING OF RE-DENOMINATIONS THAT ARE TAKING PLACE. WHAT IS THE COMMON DENOMINATOR PROBLEM AMONG THESE COUNTRIES?
WHAT PROBLEM ARE THESE GOVERNMENTS AND CENTRAL BANKS TRYING TO TACKLE? I’M NOT GOING TO GO TOO DEEP INTO BLACK MONEY BUT THAT IS THE PROBLEM FACING THESE COUNTRIES. GOVERNMENT CORRUPTION AND POOR BANKING PRACTICES ARE CAUSING AN IMBALANCE IN THE MONETARY SYSTEM AND THE LOSS OF CONFIDENCE IN THE LOCAL CURRENCY. YOU CAN READ ABOUT THESE COUNTRIES IN YOUR OWN TIME AND THERE ARE MANY MANY MORE THAT ARE RESTRUCTURING BOTH IN DEVELOPING AND DEVELOPED ECONOMIES EVERYONE IS CLEANING IT UP.
Central Bank of Indonesia revives plan to redenominate currency
http://www.economicswire.net/central-bank-of-indonesia-revives-plan-to-redenominate-currency.html

India’s demonetization and Korea’s currency reform
http://www.koreaherald.com/view.php?ud=20161216000706

Iran’s Cabinet votes to change national currency
http://www.al-monitor.com/pulse/originals/2016/12/iran-cabinet-vote-rial-toman-redenomination-name-change.html

Venezuela’s Bolivar Redenomination Will Fail
https://www.cato.org/blog/venezuelas-bolivar-redenomination-will-fail

High time for currency redenomination in Koreahttp://www.koreaherald.com/view.php?ud=20160623000988

Belarusian official currency redenominated
http://eng.belta.by/economics/view/belarusian-official-currency-redenominated-92672-2016/

Time To Redenominate The Naira
http://leadership.ng/opinions/548890/time-to-redenominate-the-naira

Iraq Planning Currency Redenomination
http://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html

Zimbabwe ditches its dollar, ending an economic era
http://theconversation.com/zimbabwe-ditches-its-dollar-ending-an-economic-era-43263

Turkmenistan Redenominates Currency, Further Dismantles Personality Cult
http://www.rferl.org/a/Turkmenistan_Redenominates_Currency_Further_Dismantles_Niyazov_Personality_Cult/1365812.html

OK SO NOW AFTER READING THESE ARTICLES YOU CAN SEE WHAT THEY HAVE IN COMMON RIGHT? BLACK MONEY.
BUT WHAT IS BLACK MONEY?
Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.

http://www.investopedia.com/terms/b/black-money.asp#ixzz4TV9dJGGV

I STARTED THIS SERIES WITH THE TOPIC OF WHAT IS MONEY? THE REASON FOR THAT WAS SO YOU COULD UNDERSTAND HOW IT WORKS AND THE REASON FOR THAT WAS THAT YOU COULD UNDERSTAND RE-DENOMINATING SO THAT YOU CAN VERY SLOWLY START TO UNDERSTAND HOW THE GLOBAL FINANCIAL SYSTEM WORKS..
TRUST ME I’M TAKING YOU ALL SOMEWHERE BUT I NEED TO DO IT IN SMALL CLIPS SO NO ONE GETS LOST. THERE ARE TRILLIONS AND TRILLIONS AND TRILLIONS OF DOLLARS OF PRIVATE CAPITAL THAT ARE WAITING TO BE DEPLOYED TO HELP SUPPLEMENT GOVERNMENTS IN UNDERDEVELOPED COUNTRIES TO BUILD SUSTAINABLE INFRASTRUCTURE AND THIS CAPITAL IS NOT GOING TO BE PUT AT RISK IN CORRUPTION LADEN GOVERNMENTS.
IF YOUR WONDERING WHAT I’M TALKING ABOUT PLEASE GO BACK INTO MY ARCHIVES AND READ THE POSTS I’VE DONE ON PRIVATE CAPITAL OR YOU CAN GO READ ABOUT IT HERE.
http://www.climatebonds.net/

NOW YOU UNDERSTAND RE-DENOMINATING AND I HOPE YOU REALIZE IT HAS NOTHING AT ALL TO DO WITH VALUE CHANGING OR EXCHANGE RATES OR SPECULATING. I HAVE BEEN TRYING TO GET EVERYONE TO UNDERSTAND THE CHANGES THAT ARE TAKING PLACE AND THE REASONS BEHIND IT. THERE IS A NEW GLOBAL FINANCIAL SYSTEM BEING USHERED IN AND EVERYONE IS IN A MAD RUSH TO PREPARE TO BE A PART OF IT.
THE PIECE I DID ON “CLICK BAIT” IS TELLING EVERYONE TO STOP WAITING FOR A CRASH OR A COLLAPSE OR ANY SUCH CRAZY THING AND INSTEAD LOOK AT THE TRANSITION THAT IS TAKING PLACE RIGHT IN FRONT OF EVERYONE AND STILL MOST FOLKS ARE MISSING IT.
I WILL KEEP WRITING ABOUT THIS TOPIC BUT IT WOULD BE MUCH BETTER IF EVERYONE COULD JOIN ME FOR A LIVE STREAM ON YOU TUBE THURSDAY NIGHT AT 9 PM EST. I WILL BE JOINED BY MY SKYPE ROOM INCLUDING NOVA AND MEMPHIS.
IF THIS TOPIC INTERESTS YOU PLEASE SUBSCRIBE TO ME ON YOUTUBE SO YOU CAN FOLLOW ALONG AND GET SCHEDULES OF UP COMING STREAMING’S. https://www.youtube.com/channel
/UCVag77Lswgq9KmKGwufuJjA OR YOU CAN DROP IN ON OUR CALL 712-775-7035 AND THE PIN IS 637708# 

SOMETIMES THINGS GET LOST IN THE TRANSLATION IN PRINT SO IT’S ALWAYS BEST TO EXPLAIN THINGS LIVE IN QUESTION AND ANSWER FORMAT. SO PLEASE JOIN ME IF YOU CAN THURSDAY NIGHT AT 9PM.

IN THE MEAN TIME LOVE TO ALL ….ML

Thanks to Ssmith at: http://www.dinardaily.net

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