NEW “E” DINAR?? DIGITAL DOES NOT MEAN BLOCKCHAIN

THE NEW “E” DINAR ALL DIGITAL ACCOUNTING IS NOT BLOCKCHAIN!

WE ARE HAVING A NICE QUIET SNOW DAY HERE TODAY SO I HAVE SOME TIME TO ADDRESS SOME THINGS THAT ARE BEING SPREAD OVER THE INTERNET AS IT IS SO OFTEN CALLED BY A GROUP THAT ARE A WEE BIT CONFUSED.

FOR STARTERS IT IS IMPORTANT TO UNDERSTAND THAT BLOCKCHAIN HAS ZERO TO DO WITH ASSET BACKED NEW CURRENCY AND THE “E” DINAR HAS BEEN AROUND FOREVER.

I HAVE DONE SO MUCH WRITING ON THIS SUBJECT OVER THE LAST YEAR. BLOCKCHAIN BY DEFINITION SIMPLY MEANS A DIGITAL LEDGER IN WHICH TRANSACTION IN DIGITAL CURRENCY IS RECORDED

HERE IS STEP BY STEP EXPLANATION THAT ANYONE CAN FOLLOW
http://blockgeeks.com/guides/what-is-blockchain-technology/

FOR THOSE THAT PREFER A VISUAL HERE IS A QUICK 2 MIN VIDEO FOR YOU
https://www.youtube.com/watch?v=6WG7D47tGb0

BLOCKCHAIN WILL ALSO NOT REPLACE SWIFT AS SWIFT IS DEVELOPING ITS OWN BLOCKCHAIN PLATFORM AND HAS BEEN SINCE 2015. CIPS IS NOT REPLACING SWIFT EITHER AND CIPS TO SWIFT IS LIKE GOATS TO KANGAROOS, NOTHING IN COMMON OR COMPETITION WITH EACH OTHER.
https://www.swift.com/
https://en.wikipedia.org/wiki/Cross-Border_Inter-Bank_Payments_System

NOW I WANT TO TALK ABOUT THE “DIGITAL BUILD OUT” IN IRAQ. THIS HAS BEEN SOMETHING THAT HAS BEEN AVAILABLE FOR DECADES. I DID PLENTY OF WRITING ON THIS SUBJECT OVER THE YEARS BUT YET HERE WE ARE AGAIN.

IRAQ HAS SEVERAL BANKS IN THE COUNTRY THAT ARE DIGITAL AND CAPABLE OF DOING CROSS BORDER PAYMENTS. HERE I HAVE ENCLOSED A LIST OF BANKS THAT HAVE BEEN OPERATING IN IRAQ DIGITALLY FOR YEARS AND YEARS.

ON FEBRUARY 8TH AL-ARABIYA ANNOUNCED THEY WOULD USE THE ICFS PLATFORM FOR ISLAMIC BANKING IN IRAQ HERE IS THE ARTICLE
https://www.finextra.com/pressarticle/67951/al-arabiya-islamic-bank-selects-icfs-platform

WELL HERE IS ALSO THE LIST OF OTHER CLIENTS OF ICFS MANY IN IRAQ THAT HAVE BEEN USING THIS PLATFORM FOR SEVERAL YEARS IT IS ONLY NEW TO AL ARABIYA BANK.

List of Clients
http://www.icsfs.com/en/node/13

SPECIFICALLY LISTED IS;

TRANS IRAQ BANK
http://iraqtransbank.co/

Ashur International Bank
http://www.ashurbank.com/en/content/headquarter-and-branches

Gulf Commercial Bank
http://www.gcb.iq/en/

Investment Bank of Iraq
www.ibi-bankiraq.com

Iraqi Islamic Bank for Investment and Development
https://www.iraqiislamicb.com/Index.aspx

Bank of Baghdad
www.bankofbaghdad.com

OK WELL YOU GET THE IDEA AND NOW TO THAT LIST WE CAN ADD
Al-Arabiya Islamic Bank
http://www.bankingtech.com/tag/al-arabiya-islamic-bank/

THERE ARE SEVERAL OTHER BANKS THAT ARE DIGITALLY CONNECTED IN IRAQ AS WELL AND ARE USING A PLATFORMS OTHER THAN ICFS SUCH AS

IRAQI MIDDLE EAST INVESTMENT BANK
https://www.imeib.com/index.php

BASRAH INTERNATIONAL BANK FOR INVESTMENT
http://www.basrahbankfz.com/

TO SEE ALL THE DIGITALLY CONNECTED BANKS IN IRAQ YOU NEED ONLY CHECK THE SWIFT SITE AND THEY ALL HAVE IBAN NUMBERS AS WELL WHICH SEEMS TO BE ANOTHER MATTER OF BIG CONCERN. HERE JUST CHECK THESE THINGS OUT FOR YOURSELF, ANYTHING YOU WANT TO KNOW IS OUT THERE YOU NEED ONLY PUT IN THE TIME TO LOOK. HERE ARE THE DIGITALLY CONNECTED BANKS IN IRAQ AND THEY HAVE BEEN CONNECTED FOR YEARS.
https://www.swiftbic.com/banks-in-IRAQ.html

SERIOUSLY TAKE THE TIME TO LOOK AROUND SOME OF THOSE SITES YOU MAY JUST HAVE A FEW AHA WAKE UP MOMENTS.

LOOK IN MY SKYPE ROOM https://join.skype.com/u2eGRRGkW7av I HAVE BEEN TALKING ABOUT MANY COUNTRIES THAT ARE CHANGING THEIR CURRENCY OR ADDING CURRENCY OR RE-DENOMINATING CURRENCY AND IRAQ WILL FOLLOW IN THE SAME WAY ALL THESE OTHER COUNTRIES HAVE BEEN DOING.

WE ARE ALSO DISCUSSING BLOCKCHAIN AND GREEN FINANCE AND THE NEW BOND SYSTEM AND WE ARE TALKING IN FACTS NOT OPINIONS.

IT IS IMPORTANT FOR EVERYONE TO UNDERSTAND THE FINANCIAL WORLD YOU ARE A PART OF SO WHEN YOU HEAR OUTRAGEOUS STORIES YOU WILL NOT HAVE TO GO ON EMOTIONAL CALENDAR WATCHING EXCURSIONS AND INSTEAD YOU WILL BE ABLE TO STAY GROUNDED BECAUSE YOU UNDERSTAND HOW THE FINANCIAL WORLD YOU LIVE IN REALLY WORKS. DOES THAT MAKE SENSE??

MANY OF YOU KNOW WHERE I STAND ON THIS “RV” STUFF SO I WILL NOT CONTINUE TO BEAT THAT DRUM BUT ALL THAT NOISE ASIDE IT IS INEVITABLE THAT THE IRAQI DINAR WILL COME TO FOREX ONE DAY AND IT WILL TRADE INTERNATIONALLY. WILL THERE BE A PROFIT TO BE MADE?? WELL I GUESS WE WILL JUST HAVE TO SEE. BUT IN THE MEAN TIME YOU SHOULD ALL HAVE THE FACTS SO CAN YOU MAKE INFORMED DECISIONS GOING FORWARD.

I AM VERY SURE THE DINAR WILL TRADE PROBABLY THIS YEAR AND MAYBE NOT TOO FAR DOWN THE ROAD. THE REASONS I CAN SAY THIS IS BECAUSE WE UNDERSTAND HOW MONEY WORKS.

FOR THOSE THAT REMEMBER MY WRITING FROM 3 YEARS AGO WHEN I USED TO FOLLOW ALL THE WORKING OF IRAQ I STARTED TALKING TO YOU ALL A SPECIFIC CONFERENCE CALL AND ON THAT CALL NOVA AND I WERE DISCUSSING CONTRACTS AND HOW THEY WORK. THERE WERE MANY SOVEREIGN CONTRACTS SETTING UP WITH THE NEWLY DEVELOPED GOVERNMENT OF IRAQ. NOTICED I SAID SET UP NOT FACILITATED. WELL NOW WE ARE STARTING TO SEE HOW THOSE CONTRACTS ARE GOING TO BE FUNDED. AND WE ARE STARTING TO HEAR THE SAME VERBIAGE FROM THE IRAQI FOREIGN MINISTER THAT I SPOKE OF 3 YEARS AGO WHEN I COMPARED THE RESTRUCTURING OF IRAQ TO THE MARSHAL PLAN THAT REBUILT GERMANY.

NOW FOR THOSE OF YOU THAT FOLLOW ME REGULARLY IN MY SKYPE ROOM https://join.skype.com/u2eGRRGkW7av YOU UNDERSTAND GREEN FINANCE AND WHAT IT IS. WELL I DID A CALL WITH YOU ALL LAST WEEK TO SHOW THE CONNECTION OF HOW THE RESTRUCTURING WILL BE PUT TOGETHER IN THE UK’S PLAN TO GLOBALIZE GREEN FINANCE.

WE JUST SAW THE UK ISSUE LOANS TOTALING 10 BILLION POUNDS TO COMPANIES THAT ARE GOING TO REBUILD IRAQ. IMPORTANT NOTE THEY DID NOT GIVE IRAQ THE MONEY THEY PUT UP THE MONEY FROM PRIVATE INVESTORS FOR THE RESTRUCTURE OF IRAQ.

Iraq to get 10 billion pound loan for British contracts
http://www.reuters.com/article/us-iraq-britain-loans-idUSKBN16C0I7

FOCUS CLOSELY PLEASE
Britain agreed on Sunday to arrange 10 billion pounds ($12.3 billion) in loans to finance infrastructure projects in Iraq over a 10 year period, a program that would only benefit British companies, an Iraqi minister said in Baghdad.

“This loan is exclusively allocated to British companies ,” Iraqi Acting Finance Minister Abdul Razzak al-Essa told a news conference at the signing ceremony.

SO YOU SEE THESE ARE UK CONTRACTS AND THIS MONEY WOULD NOT BE AVAILABLE TO FAR IN ADVANCE OF IRAQ COMING TO TRADE. THAT IS TOO MUCH MONEY TO TIE UP FOR ANY LENGTH OF TIME WITH OUT IT WORKING.

I’M NOT GOING TO GO TO DEEP INTO THIS BECAUSE UNLESS YOU ARE FAMILIAR WITH WHAT I WRITE ABOUT YOU MAY BE LOST BUT I WILL SHOW YOU THIS FROM THE CITY OF LONDON.

Globalising green finance: the UK as an international hub
https://www.cityoflondon.gov.uk/business/economic-research-and-information/research-publications/Pages/Globalising-green-finance.aspx

THERE ARE TRILLIONS AND TRILLIONS OF PRIVATE INVESTOR MONEY. I WROTE ABOUT GREENING THE TRILLIONS AND YOU CAN LOOK AT THIS FOR YOURSELF ON THE CBI WEBSITE THAT WOULD BE THE CLIMATE BOND INITIATIVE NOT THE CENTRAL BANK OF IRAQ
https://www.climatebonds.net/

ALRIGHT WELL ANYWAY ALL OF THIS MOVEMENT WE ARE SEEING IS BECAUSE THE TIME IS HERE. NOW PLEASE DO NOT MISUNDERSTAND MY WORDS. I AM NOT SUGGESTING THAT ANYONE WILL TURN INTO MILLIONAIRES OVERNIGHT. HOWEVER I WILL SAY I AM SURE THE DINAR WILL BEGIN TO TRADE IN THE SHORT TIME. IT WILL CROSS BORDERS FREELY AND ACT LIKE ANY OTHER CURRENCY GLOBALLY. DOES THE PRICE HAVE TO CHANGE?? NO IT DOES NOT. WHAT CYCLES WILL TRADING BRING IT?? WE WILL HAVE TO WATCH I DO NOT HAVE A CRYSTAL BALL.

I WANT TO POINT THESE THINGS OUT TO YOU TODAY SO YOU WILL PLEASE STOP WATCHING THE CALENDAR OR HANGING YOUR HOPES ON THIS EVENT OR THAT EVENT BECAUSE MOST OF WHAT YOU ARE BEING TOLD TO WATCH FOR HAS BEEN HAPPENING FOR YEARS AND YEARS ALREADY. THERE ARE NO SECRET SOURCES OR TOP SECRET INTEL IT IS ALL OUT THERE FOR YOU TO SEE IF YOU JUST SLOW DOWN AND CONNECT ALL THE CORRECT DOTS.

KNOW YOUR DEBT BASED FINANCIAL SYSTEM AND UNDERSTAND HOW IT WORKS AND THAT WILL BE THE BEST CALMING PIECE OF MIND YOU CAN GIVE YOURSELF BECAUSE ALL THE OTHER RUBBISH WHILE IT MAKES FOR GREAT STORY TELLING THAT IS ALL IT IS AND IT SHOULD BE TOLD AS “ONCE UPON A TIME IN A LAND FAR FAR AWAY” BECAUSE FRIENDS IT IS NOT REALITY.

THE IRAQI DINAR WILL GO THROUGH ALL THE SAME CYCLES OTHER CURRENCY HAS GONE THROUGH ACCORDING TO THE IMF STEPS THEY HAVE LAID OUT WHERE YOU FIT INTO THOSE CYCLES IS A PERSONAL CHOICE, BUT PLEASE STOP FOLLOWING ALL THE HYPE OF FOLKS THAT DO KNOW THE BASIC UNDERSTANDING OF OUR MONETARY SYSTEM AND HAVE YOU JUMPING AT CRAZY HEADLINES THAT ARE VERY POORLY INTERPRETED.

JUST FOLLOW THE MONEY FOLKS AND IT WILL LEAD YOU TO A PLACE OF CALM PEACEFUL UNDERSTANDING.

UNTIL THAT TIME LOVE TO ALL AND I HOPE TO SEE YOU ALL SOON….MY LADIES.

8 thoughts on “NEW “E” DINAR?? DIGITAL DOES NOT MEAN BLOCKCHAIN

  • Anonymous

    Does the “e” dinar have any relationship to my dinar in Warka bank and the ISX?

    • MY LADIES

      YES THE DINAR THAT IS HELD IN ANY OF THE BANKS IS DIGITAL UNLESS YOU HAVE IT IN IT’S ORIGINAL FORM IN A SAFETY DEPOSIT BOX.

  • Farhad

    Thank you My Ladies for taking the time and considerable effort to clearly lay this out! This is not a simple topic to disect and presumably why three is so much deception and obfuscation around it. Your diligence in providing factual information is truly appreciated by those of us who are trying to avoid additional disappointments if not devastation!

  • Is this considered to be a downer from the beliefs we have all held previously…Or is a let us down easy. What is the bottom line on this Investment?

    • MY LADIES

      RM HELLO AND THANK YOU FOR BEING HERE. I DO NOT CONSIDER THIS TO BE A DOWNER AS MUCH AS A WAKE UP CALL. I AM NOT SURE HOW LONG YOU HAVE BEEN IN THIS THING BUT I HAVE BEEN FOR OVER 10 YEARS NOW AND THE BELIEFS CHANGE AT WILL IT SEEMS EVERY FEW YEARS DEPENDING WHO IS TELLING THE STORY.

      IF YOU ARE WAITING ON A MAGIC SWITCH AND OVERNIGHT WINDFALL LIKE WE ALL WERE BACK 10 YEARS AGO WELL I DO KNOW YOU WILL BE DISAPPOINTED. THE BOTTOM LINE IS IRAQ WILL RESTRUCTURE THEIR CURRENCY AND VALUE IN THE EXACT SAME WAY THAT MORE THAN 50 COUNTRIES BEFORE THEM DID. THOSE COUNTRIES AND THEIR HISTORY ARE ON THIS BLOG TOO. I HOPE THIS HAS ANSWERED YOUR QUESTIONS.

  • Good evening My Ladies
    The flip side to how money works is how it does not always work according to theory and plan. Fiat money is what it is funny money. There is a real payday some day for all debt be to be paid . So we have real concerns about the future of the US debt load. In borrowing money the government is attempting to buy time (by raising the debt ceiling ). In the end it’s a con game a gamble on the countries future. It’s and illusion to believe that the rest of the world has to be held hostage to the US Fiat (or petro dollar )for much longer. The IMF, UN, WB , UST and the rest of the alphabet soup are all in the same pressure cooker together . It’s just a matter of time before the lid blows off. Green money, private money is all backed by what if not mostly US promissory notes in one form fashion or another. The case for asset backed currencies has more merit then many seem willing to give it credibility. What collateral is backing up the US debt ? The velocity of money has a built in speed limit called the law of supply and demand. Will say Russia or China in the not to distant future be in a better position to offer other nations more tangible assets for their assets than the US. Some say that day is nay unto US as in at our door step…..Pressure cookers have a relief valve does the IMF have one ?

    • MY LADIES

      JEFF I UNDERSTAND YOUR COMMENTS BUT I DO NOT UNDERSTAND WHAT YOU SEE AS AN ALTERNATIVE. YOU ARE SPEAKING ABOUT ASSET BACKED CURRENCY SO LET’S GO WITH THAT FOR JUST A MINUTE, WHAT DO YOU SEE AS A MONETARY FOUNDATION OF NOT DEBT? REMEMBER THE GOLD STANDARD STOPPED WORKING IN 1931 AND EVEN LONG LONG LONG BEFORE WHEN GOLD WAS BEING USED THE FINANCIAL SYSTEM WAS STILL BASED ON DEBT. THAT GOES ALL THE WAY BACK TO THE BEGINNING OF TIME.

      WHEN YOU GET A CHANCE YOU SHOULD WATCH THE VIDEOS I HAVE ON HERE OF WHAT IS MONEY AND THEN TELL ME WHAT YOU SEE AS AN ALTERNATIVE.

      THANK YOU FOR TAKING THE TIME TO COMMENT.

  • Trident704

    I always attempt to keep-up with the ground-breaking work of MyLadies.

    The comments section is a good place to learn what the new global finance reality means for different folks.

    Ditto what Farhad contributed. An accurate perspective, I think.

    It was a bitter pill to swallow, but at least I now know that I’m on the right page, moving forward away from the hopium I used to associate with this most-speculative of investments.

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