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Online MikeH

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PIF CC NOTES TUESDAY - June 9, 2015
« on: June 11, 2015, 04:17:58 PM »
PIF CC NOTES   TUESDAY - June 9, 2015

PIF & BACKDOC

For tonight’s call, we’ve taken questions in advance and we’ll be responding to them.

This is a matter of “WHEN” … not “IF” this is going to happen.  If I thought anything different – I’d tell you.  The mindset of “WHEN” does you no good … IF … you don’t exchanged into the proper thing!

Everyone is entitled to their opinion so tonight we’re going to address some questions.

QUESTION –

This MR is still being fought between those who disagree is how to move forward.
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Countries are currently settling debt.  Countries are sovereign nations.  They were always supposed to go first.  Period.  No question about that.  You can’t get a true value of a country if they haven’t settled their debts based on the new policy of the monetary reform.

You have to set-up the structure … have everything settle out … weigh the positive/negatives … and then they can settle between themselves.

The G7 has been meeting … and there is a little bit more behind this meeting that will be telling.

What else is coming right behind the G7?    (The Bilderberg meetings in Germany).

The list of who is there includes politicians, prime ministers, government officials, corporation leaders.  It’s not coincidence that they are there. Publically – they show you what they want to show you.

What year was the Bilderberg group started?

May 29, 1954 – sixty-one years ago it was created.  Back then, it was a smaller group of people.  Today, it’s quite a bit bigger … as the globe has grown as well.

You must be “invited” into this elite group … and a lot of things play an important role in this particular “atmosphere.”  Key topics for discussion this year are supposed to be:


Artificial Intelligence
Cybersecurity
Chemical Weapons Threats
Current Economic Issues
European Strategy
Globalisation
Greece
Iran
Middle East
NATO
Russia
Terrorism
United Kingdom
USA
US Elections
Who’s attending? …

2015 Final Official List of Bilderberg Attendees

Castries, Henri de Chairman and CEO, AXA Group FRA

Achleitner, Paul M. Chairman of the Supervisory Board, Deutsche Bank AG DEU

Agius, Marcus Non-Executive Chairman, PA Consulting Group GBR

Ahrenkiel, Thomas Director, Danish Intelligence Service (DDIS) DNK

Allen, John R. Special Presidential Envoy for the Global Coalition to Counter ISIL, US Department of State USA

Altman, Roger C. Executive Chairman, Evercore USA

Applebaum, Anne Director of Transitions Forum, Legatum Institute POL

Apunen, Matti Director, Finnish Business and Policy Forum EVA FIN

Baird, Zoë CEO and President, Markle Foundation USA

Balls, Edward M. Former Shadow Chancellor of the Exchequer GBR

Balsemão, Francisco Pinto Chairman, Impresa SGPS PRT

Barroso, José M. Durão Former President of the European Commission PRT

Baverez, Nicolas Partner, Gibson, Dunn & Crutcher LLP FRA

Benko, René Founder, SIGNA Holding GmbH AUT

Bernabè, Franco Chairman, FB Group SRL ITA

Beurden, Ben van CEO, Royal Dutch Shell plc NLD

Bigorgne, Laurent Director, Institut Montaigne FRA

Boone, Laurence Special Adviser on Financial and Economic Affairs to the President FRA

Botín, Ana P. Chairman, Banco Santander ESP

Brandtzæg, Svein Richard President and CEO, Norsk Hydro ASA NOR

Bronner, Oscar Publisher, Standard Verlagsgesellschaft AUT

Burns, William President, Carnegie Endowment for International Peace USA

Calvar, Patrick Director General, DGSI FRA

Castries, Henri de Chairman, Bilderberg Meetings; Chairman and CEO, AXA Group FRA

Cebrián, Juan Luis Executive Chairman, Grupo PRISA ESP

Clark, W. Edmund Retired Executive, TD Bank Group CAN

Coeuré, Benoît Member of the Executive Board, European Central Bank INT

Coyne, Andrew Editor, Editorials and Comment, National Post CAN

Damberg, Mikael L. Minister for Enterprise and Innovation SWE

De Gucht, Karel Former EU Trade Commissioner, State Minister BEL

Dijsselbloem, Jeroen Minister of Finance NLD

Donilon, Thomas E. Former U.S. National Security Advisor; Partner and Vice Chair, O’Melveny & Myers LLP USA

Döpfner, Mathias CEO, Axel Springer SE DEU

Dowling, Ann President, Royal Academy of Engineering GBR

Dugan, Regina Vice President for Engineering, Advanced Technology and Projects, Google USA

Eilertsen, Trine Political Editor, Aftenposten NOR

Eldrup, Merete CEO, TV 2 Danmark A/S DNK

Elkann, John Chairman and CEO, EXOR; Chairman, Fiat Chrysler Automobiles ITA

Enders, Thomas CEO, Airbus Group DEU

Erdoes, Mary CEO, JP Morgan Asset Management USA

Fairhead, Rona Chairman, BBC Trust GBR

Federspiel, Ulrik Executive Vice President, Haldor Topsøe A/S DNK

Feldstein, Martin S. President Emeritus, NBER; Professor of Economics, Harvard University USA

Ferguson, Niall Professor of History, Harvard University, Gunzberg Center for European Studies USA

Fischer, Heinz Federal President AUT

Flint, Douglas J. Group Chairman, HSBC Holdings plc GBR

Franz, Christoph Chairman of the Board, F. Hoffmann-La Roche Ltd CHE

Fresco, Louise O. President and Chairman Executive Board, Wageningen University and Research Centre NLD

Griffin, Kenneth Founder and CEO, Citadel Investment Group, LLC USA

Gruber, Lilli Executive Editor and Anchor “Otto e mezzo”, La7 TV ITA

Guriev, Sergei Professor of Economics, Sciences Po RUS

Gürkaynak, Gönenç Managing Partner, ELIG Law Firm TUR

Gusenbauer, Alfred Former Chancellor of the Republic of Austria AUT

Halberstadt, Victor Professor of Economics, Leiden University NLD

Hampel, Erich Chairman, UniCredit Bank Austria AG AUT

Hassabis, Demis Vice President of Engineering, Google DeepMind GBR

Hesoun, Wolfgang CEO, Siemens Austria AUT

Hildebrand, Philipp Vice Chairman, BlackRock Inc. CHE

Hoffman, Reid Co-Founder and Executive Chairman, LinkedIn USA

Ischinger, Wolfgang Chairman, Munich Security Conference INT

Jacobs, Kenneth M. Chairman and CEO, Lazard USA

Jäkel, Julia CEO, Gruner + Jahr DEU

Johnson, James A. Chairman, Johnson Capital Partners USA

Juppé, Alain Mayor of Bordeaux, Former Prime Minister FRA

Kaeser, Joe President and CEO, Siemens AG DEU

Karp, Alex CEO, Palantir Technologies USA

Kepel, Gilles University Professor, Sciences Po FRA

Kerr, John Deputy Chairman, Scottish Power GBR

Kesici, Ilhan MP, Turkish Parliament TUR

Kissinger, Henry A. Chairman, Kissinger Associates, Inc. USA

Kleinfeld, Klaus Chairman and CEO, Alcoa USA

Knot, Klaas H.W. President, De Nederlandsche Bank NLD

Koç, Mustafa V. Chairman, Koç Holding A.S. TUR

Kogler, Konrad Director General, Directorate General for Public Security AUT

Kravis, Henry R. Co-Chairman and Co-CEO, Kohlberg Kravis Roberts & Co. USA

Kravis, Marie-Josée Senior Fellow and Vice Chair, Hudson Institute USA

Kudelski, André Chairman and CEO, Kudelski Group CHE

Lauk, Kurt President, Globe Capital Partners DEU

Lemne, Carola CEO, The Confederation of Swedish Enterprise SWE

Levey, Stuart Chief Legal Officer, HSBC Holdings plc USA

Leyen, Ursula von der Minister of Defence DEU

Leysen, Thomas Chairman of the Board of Directors, KBC Group BEL

Maher, Shiraz Senior Research Fellow, ICSR, King’s College London GBR

Markus Lassen, Christina Head of Department, Ministry of Foreign Affairs, Security Policy and Stabilisation DNK

Mathews, Jessica T. Distinguished Fellow, Carnegie Endowment for International Peace USA

Mattis, James Distinguished Visiting Fellow, Hoover Institution, Stanford University USA

Maudet, Pierre Vice-President of the State Council, Department of Security, Police and the Economy of Geneva CHE

McKay, David I. President and CEO, Royal Bank of Canada CAN

Mert, Nuray Columnist, Professor of Political Science, Istanbul University TUR

Messina, Jim CEO, The Messina Group USA

Michel, Charles Prime Minister BEL

Micklethwait, John Editor-in-Chief, Bloomberg LP USA

Minton Beddoes, Zanny Editor-in-Chief, The Economist GBR

Monti, Mario Senator-for-life; President, Bocconi University ITA

Mörttinen, Leena Executive Director, The Finnish Family Firms Association FIN

Mundie, Craig J. Principal, Mundie & Associates USA

Munroe-Blum, Heather Chairperson, Canada Pension Plan Investment Board CAN

Netherlands, H.R.H. Princess Beatrix of the NLD

O’Leary, Michael CEO, Ryanair Plc IRL

Osborne, George First Secretary of State and Chancellor of the Exchequer GBR

Özel, Soli Columnist, Haberturk Newspaper; Senior Lecturer, Kadir Has University TUR

Papalexopoulos, Dimitri Group CEO, Titan Cement Co. GRC

Pégard, Catherine President, Public Establishment of the Palace, Museum and National Estate of Versailles FRA

Perle, Richard N. Resident Fellow, American Enterprise Institute USA

Petraeus, David H. Chairman, KKR Global Institute USA

Pikrammenos, Panagiotis Honorary President of The Hellenic Council of State GRC

Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc. CAN

Rocca, Gianfelice Chairman, Techint Group ITA

Roiss, Gerhard CEO, OMV Austria AUT

Rubin, Robert E. Co Chair, Council on Foreign Relations; Former Secretary of the Treasury USA

Rutte, Mark Prime Minister NLD

Sadjadpour, Karim Senior Associate, Carnegie Endowment for International Peace USA

Sánchez Pérez-Castejón, Pedro Leader, Partido Socialista Obrero Español PSOE ESP

Sawers, John Chairman and Partner, Macro Advisory Partners GBR

Sayek Böke, Selin Vice President, Republican People’s Party TUR

Schmidt, Eric E. Executive Chairman, Google Inc. USA

Scholten, Rudolf CEO, Oesterreichische Kontrollbank AG AUT

Senard, Jean-Dominique CEO, Michelin Group FRA

Sevelda, Karl CEO, Raiffeisen Bank International AG AUT

Stoltenberg, Jens Secretary General, NATO INT

Stubb, Alexander Prime Minister FIN

Suder, Katrin Deputy Minister of Defense DEU

Sutherland, Peter D. UN Special Representative; Chairman, Goldman Sachs International IRL

Svanberg, Carl-Henric Chairman, BP plc; Chairman, AB Volvo SWE

Svarva, Olaug CEO, The Government Pension Fund Norway NOR

Thiel, Peter A. President, Thiel Capital USA

Tsoukalis, Loukas President, Hellenic Foundation for European and Foreign Policy GRC

Üzümcü, Ahmet Director-General, Organisation for the Prohibition of Chemical Weapons INT

Vitorino, António M. Partner, Cuetrecasas, Concalves Pereira, RL PRT

Wallenberg, Jacob Chairman, Investor AB SWE

Weber, Vin Partner, Mercury LLC USA

Wolf, Martin H. Chief Economics Commentator, The Financial Times GBR

Wolfensohn, James D. Chairman and CEO, Wolfensohn and Company USA

Zoellick, Robert B. Chairman, Board of International Advisors, The Goldman Sachs Group USA

  **********

Notice that SOCIAL MEDIA leaders/companies have been invited.

This invitation only event is for economic or monetary reasons at different locations across the globe.  It has been held several years in the USA.  3 years the Bilderberg event was held in Virginia.

I’ve studied this and paid attention to it based on my family history.

I grandfather’s successors were planned out well in advance.  Many were disappointed that my grandfather retired.

The Hoover Institute and the Stanford University Trustees are there and involved.

My grandfather was able to pick who he wanted to succeed him.

Some people think that if you mention the name of something … that automatically it’s all bad … and that’s not true.  Many countries and businesses are involved in this.

What would have happened over the last 60 years, if a group was not formed where opportunities to discuss economics on a global scale didn’t happen?  How do you improve things on a global basis without discussions?  While the Bilderberg group is secretive … there are a number of things that are released to the public from these meetings.

This is a very important time in this arena.

The timing of the monetary reform … I believe … based on the knowledge I have … it will be before mid-July … because the settlements between sovereign nations … settling books … I don’t believe that it will be an overnight fix.

The reason why I believe it will happen before mid-July is because without it the economic and financial situation (globally) will start to collapse and have significant problems.  We are not the only ones feeling the pain.

Ramadan being a holiday that is observed by the middle-eastern countries is important … but it doesn’t stop global commerce from happening.

The important thing is … is it the right time for the globe?

You won’t find this happening in a way where someone says it will happen on a certain date and an exact time.  It won’t happen like that.

If you want a “head-up” that this is happening?  In the USA … in my opinion … is when the banks are closing.  They’ll be closed for a few days … is that normal?  Nope.  Some people will say holy-cow, “it’s crashing” … and others will understand what is happening.  Will you be calm and CONFIDENT?!! ;)

Ramadan is not holding this up.

It would be nice for those observing Ramadan for it to happen beforehand … but realize that anytime you make a change to the system … there will be a slight period of time for adjustment.

I’m going to reveal some facts to you tonight … that you can share with your friends … so that things won’t be so confusing.

This could be released during the holiday … because think about it … somewhere in the world … it’s probably a holiday somewhere.  Holiday’s won’t stop this.


So how many days could the “system” be down/disabled?  Three, four or five days.

I’m going to stick with the BIS … (the no “BS” zone)

This one includes Europe … (Greece, Germany even the UK) may decide to be more vocal about defaulting.  It could be an “ACCIDENTIAL” default … building and building until the end of June.

Why did they give them until the end of June?  Where will they get the money by the end of June?

Some people are making it very clear that they are not going to be the last ones left hanging on the Euro.  You know that I’ve spoken of G and G. (Germany and Greece?)

IF YOU DON’T UNDERSTAND EVERYTHING … JUST DON’T GIVE UP YOUR DINARS OR DONG!

I’m just exhausted because of repetitive questions.  Frosty will put out notes (and some people won’t read).

Is this thing done?  NO!  Because there is no such thing as a “PUBLIC EXCHANGE” <<< because EVERY exchange you do with a bank is PRIVATE!  DS doesn’t understand how to follow the money.

You don’t ever want to go into your bank with a wheelbarrow full of dinar to exchange and show the world what you’ve got.

Any type of “ACCIDENT” – real or not … brings you back to CONFIDENCE.

The USD and Yuan already trade with each other because they are both reserve currencies.  So what comes out this week?  The Yuan is ready.  Humm … wasn’t supposed to be ready until September.  Humm.  September might be the end of everything … but this is happening at lightning speed.

Is the Yuan taking over?  The naysayers are telling you the USD is finished.  That’s not the case.  The US could crush other countries right now if they said to other countries that “we’re closing our borders and we will no longer honoring USD outside of our borders.”

So far when it comes to the Euro … Greece … Germany … UK … Yuan … could any of this be an “ACCIDENT” that pushes this full speed … especially since the Yuan is not being called a reserve currency now?

BACKDOC – there are so many chunks that could fall off the iceberg.

PIF – we’ve told you that so many times.

We understand that many people are hurting (physically and financially).  My business partner (AC) reminds me that we follow the word of God.  I am a Christian, and I don’t disrespect anyone for their personal beliefs.  I look at myself as a member of God’s word.  I see the truth of God’s word.  I pray about it … ponder … pray.  How can we make this world better and move forward?


Q: BackDoc, what is your opinion of larger countries (like the Euro zone) … what could they (treasury people) have possibly talked about during past meetings?  Do you think that other currencies could already be printed and sitting in the wings ready to go?

BACKDOC – yes … I think that is possible.  I’m sure they have contingency plans in place.  They’re just waiting for the right timing of who to blame.

PIF – true!  Remember … it’s not the physical currency.  Digitally – it just switches.  It’s what backs-it that is real and that changes the value of a currency that is in the basket.  30,000 tons of gold … really … that’s no gold at all.  That’s like going down a rabbit hole where a trap is set at both ends.

Q: What about smaller countries … could they participate (put in a basket) even though they may not be fully ready yet?  Maybe they don’t have their “true value” yet.  Could that happen so they can’t be taken advantage of just because they’re not up to speed?
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BACKDOC – the thought that there’s enough gold out there to back-up all of the fiat currency out there is not rational.  The “backing” – you’re dead-on about that, and I think that people get that concept.

PIF – well at least here they do.

BACKDOC – when you think about all of the trade out there … 94% of all trade going on out there is in 1 of 4 currencies (Euro, Yen, Dollar, British Pound) … so those 4 control the lion’s share of settlement.  Even if the Yuan made a huge jump … it still wouldn’t be able to compete with the USD.

PIF – The Yuan cannot take the place of the USD.  It doesn’t have enough value to do that. They don’t have the assets to back all of the bad US dollars.  Show me in writing that we are going to a 100% gold backed currency … on a global scale.  It doesn’t exist.

That couldn’t happen overnight.  There still has to be confidence in the Yuan.  Has China or the so-called “family” proven that what they have is what they have.  Is Yuan is worthy?  Prove that to me … don’t just give me a story. 


Thousands of years … treasures … you need to convince me that they have control of it.  Nobody  but a select few know about it?  Ask yourself, how silly does it sound that just a few people hold an asset that could determine who should benefit humanity?  What makes it their money to determine who is right or wrong?

Let’s get back to factual stuff.  The IMF has a way (a system) that moves money (swift system).  You can call their money movement system whatever you want … but it still works with the swift.  The Ireland system that Wells Fargo owns still works.  If they improved that software/hardware and cybersecurity (which you’ve heard them talk about) -  so that more countries received “recognition”

This won’t go from one country controlling something to another country controlling something.

Has any Asian or Eastern country been the reserve currency for the globe?  No

How about anciently?  Yes

How about Russia?  Yes

In other words … the system (historically) has failed.

Even when Greece had it … they failed … because they started using less gold.

So how is the US any different than when Greece started shaving-off gold from their coins and filling it with other things – a mixture of ingredients?

Things are controlled by the weight of the coins.

So … all of this time has gone by … and they still have yet to perfect the monetary process that works.  So generations to come … will probably have problems too.

Was fiat money bad from day-one … or was it a way to try and improve things … but over time it morphed into something else.

FACT – if the monetary reform moves forward … expect the banks to be closed for a few days and our exchange will proceed forward … PRIVATELY!

Notice where the “stories” come from.  Some guru’s have “disappeared” lately.

The banks don’t want you to be knowledgeable about this topic.  The best thing that you can do when this happens is to BE QUITE!!!!!!!!!!!

So let’s talk about some negative stuff …   

If the MR does NOT move forward … could there be disruptions … countries upset with each other … people upset with each other?  Yes.  I’m not a doom-and-gloom type of person.  If I knew something differently … I would tell you.  Just be prepared if there is a disruption.

Just think … if banks are closed for 4 days … the world (media) will report that the world has come to an end … but we will know exactly what is happening (the MR kicking in). 


Be safe and smart.  Find ways to be prepared.  Get on Google and research how to be prepared.  What will you do if you don’t have gas/electricity for a while?


Did you know that you can save the water in your water heater for your body.  Buy some cases of water.  Stock-up on high-in-protein items. 


The rest of the world will look at things as a crisis.  You will know better … and the end of chaos … you will be in a much better position.  Be prepared to take care of your family. 


Be strong in numbers.  I’d rather not talk about this topic … but I think it would be foolish not to mention it so that you are prepared.

BACKDOC – if there is a down-turn … you don’t want to be vulnerable and place all of your eggs in one basket.  Spread out the risk.

PIF – I don’t like to be political.  My goal is for you to “THINK” … look at the mistakes that other communities are doing?  Some allow criminals to come in a riot.  Crazy. 


The alternative media is giving one version … and the main stream media giving another.  It’s hard sometimes to tell the truth.  Be a community that looks out for each other.  If a change comes … those who cooperate will survive well.

Let’s cover some other ideas …

I know that a lot of you know Okie … I called him today … he had a long-time friend past-away and I wanted to reach out to him.  He served our country.  He is a good guy.


Many of our members ask how he’s doing.  He said that he is doing ok.  He is looking forward to this happening.  He’s taken a beating from some people.  He was given information, and some wasn’t too accurate.  He’s been around this a long time. 


Today, he just sits back and listens.  If you are listening Okie … the forum appreciates you and wishes you the best.  If you ever want to say hi, just let me know.

If the Monetary Reform does NOT move forward as we expect it … would we end up in all-out-war?  No.  Remember trade agreements?  Remember security, security, security?  The US provides “protection” … and if some countries don’t move forward … they could become isolated.

The US has over 700 military bases across the globe.  The US has been stockpiling food and supplies for a “what-if” event.  It would be foolish for them not to prepare in advance for some things.

If you are going to be an ally of the US … and if this takes it’s sweet-old-time … those countries that are currently receiving protection … why would we continue to do that?

Are you going to be diversified when this happens?  So will other countries.

China and the US now how 10 year visas.  Humm. ;)

What laws are on the books?  They are the laws until they are changed.

I believe that America will be fine … we have massive amounts of land that can help take care of feeding/caring of its citizens.  We have plenty of food, water, minerals and technology to take care of itself.  If something nasty happened … how many companies (that moved overseas) would come back?

If people want to get nasty … it does nobody any good.

If the MR does NOT move forward … expect a brief sharp downturn in the economy … but remember we are a country that can implement things quickly.  Think about it … if we did shut-down our borders in trade … we could take care of ourselves.

IF the MR does NOT move forward … expect the IQD and VND to do very well.  America has  vested interest in their success.  We know Vietnam loves the US Dollar.

BACKDOC – that’s right.  80% of the contracts moving forward are written in USD.

PIF – remember last week we told you that we (USA) sold Vietnam our old navy ships – (which is by far better than anything that anyone else has).  Humm.  We just made our military bigger … allowed those ship to stay in service (instead of a graveyard) with partners (Vietnam) who now has the ability to patrol and protect their borders (and others).

The US only plays a game of chess … by knowing their next 10 moves will be in advance.

Iraq and Vietnam … if the MR on a global scene does NOT happen … they are the proverbial elephant in the room. ;)

We are not waiting for the monetary reform to start.  It started many, many, many years ago.

We’ve hit many, many, many milestones.

There are things I’m not allowed to share … and if the day comes that I can … I will.

I’m not going to talk about the IMF tonight because we’re going to run out of time.

UPDATE ON IRAQ

Iraq makes this looks like it’s in their control.

BACKDOC – they have a few laws that they’ve been sitting on to push through until the last minute.  They had to leave something behind to talk about.  Basically to let’s people think they have control of this.  I think we’re in the end-phase here.  Maybe we’ll see something “BLINK” in Greece, or Germany … maybe before the deadline.

PIF – Excellent!  You guys know that there is nothing such as a RV or GCR.  It’s called a Monetary Reform.  GCR is just dinar-world “jibber-jabber” term.

We are past the easy stuff.  Now do you believe that it’s an “IF” and not a “WHEN” they are told to do this?

BACKDOC – Absolutely!  I’ve never, ever questioned that.

PIF – Nor have I.

So next … Abadi’s trip to Paris and his visit with “O” – was he snubbed?

BACKDOC – I couldn’t comment because I didn’t see it.

PIF – here’s what I believe took place.  It’s the G7 … and Abadi’s in Paris just before Bilderberg?  What’s he doing there?  Humm.  I don’t think you should worry or react to people’s facial reactions of what you may or may not have seen.  Especially with all of the G7 there.  It wasn’t about “O” – it’s about the G7.  Russia wasn’t there.  But Russia is helping Iran get in line.

Q: What about the new paper currency to hit the streets in July?

Newspaper articles … you may not know what month is which month.  Did you notice that dinar-world focused on the word “next” month?  They missed the whole point of the statement.  Some said it meant June, July, and even August.  Dinar-world often doesn’t comprehend what’s going on.

New paper currency to hit the streets to hit the streets next month.

BackDoc, what do you get out of that statement?

BACKDOC – unless you have multiple articles that confirm each other … I just say … “ok, it’s coming pretty soon.”  Don’t stress over it.

PIF – When was the article written?  You’ve got to go back to the source and check it out.  Dinar-world focuses on the date/rate.  Who cares what month it is?  What everyone should have been focusing on is the fact that NEW PAPER CURRENCY IS COMING!  The date doesn’t matter … and it’s not just about dinars!

Many countries will release new currencies in the coming month.  They won’t tell you WHEN … because people could hedge on it.  They’re NOT supposed to tell you the date.  They know they can’t hide something (this big) but they keep it controlled and keep people guessing.  Follow the money!

Q: What percentage of dinars has the CBI (electronically/digitally & physically) removed from circulation?

BACKDOC – it’s gotta be really, really small at this point.  Especially due to the contracts and what they’ve been able to do with them.   

PIF – let’s say for easy numbers … if they pulled off 75% of dinar count … NOT NOTE COUNT … DINAR COUNT … and that includes every single fraction off of every single dinar.  Whatever the amount is … they’ve pulled 75% off the street.

That doesn’t mean they paid full price for those (75%) dinars.  In fact the CBI clearly states that they haven’t.

If you take the 25% that is still out there … put it at a set rate … let’s say $4 … if they’ve got 75% in the offers at the CBI (digitally or electronically) … and 25% is in the streets … if it’s all worth even money … which we know it’s not …


but let’s say it is now because they own it … even though they paid less for it … and we know we paid less for it … it’s when you exchange it – that’s when the value means something.


So if they got cheaper … and they pulled 75% off … cheaper … just like we bought our 25% cheaper … that’s what we bought it for.  So it’s who holds it when the value goes up is the winner in this.

So you’ve got the 75% that the CBI holds … at let’s say $4 (to USD) … I’m just using USD for this example … it could be different numbers for different currencies. 


That means they’ve got … it’s only going to take them 25% of the 75% that they have in to offset what’s still out there.  Keep in mind … they might not even have paid that much to gain those for it to be a wash. 


They might have gained that 75% at half that … so really they’re only going to give up 12.5% to pay off the remaining 25% that’s out there.  Do you follow the formula that’s on the spreadsheet now?  Follow the money!

Even if they did it dollar-for-dollar … it would take the 25% … which reduced them to 50% to buy-back the outstanding dinars.  Which you’re never going to pull back in all of your dinars anyway.  The banks are going to hold them.  If the banks hold them, other countries in the reserve -- you're ’ever going to pay for them.  There just going to sit there just like gold sits there.

So for those who say there’s not enough money in the world to pay for an RV … it’s a bunch of BS.  Because it depends on what they paid for it and what they control.

In other words … let’s say that Iraq has 90% in their control and then they do private contracts to sell oil to the other 10% that’s outstanding … and they get all of their dinars back … they are basically a debt-free country.

They need some lower denoms for circulation around their country … but as far as out-of-country … we just do it digitally.   What does it cost us?

There is clearly somebody out there in dinar-world who does not understand whatsoever the concept of following the money!  Just like when people say that “when the US dollar comes home to roost” … believe me … there are many countries … some that don’t want US dollars … and they start devaluing …


there will be countries that will grab it left and right – at a reduced price.  Because they know they are the number one consuming country … and they’ll be able to buy more goods with the contracts they have in place.  That’s how you follow real money.

For those who say you can’t prove to me how it’s going to be done, the first thing that you have to do is open your ears and be willing to listen.  Just because somebody disagrees with somebody else – doesn’t make you right, because you haven’t been proven otherwise.  Especially when you’ve been told and you blow-it-off.

Some people are so far down “rabbit-holes” right now … and using their so-called status quo as a way of leading people … you can’t lead people if you … still yourself … don’t understand how to follow currencies and how they work.  That’s why you can’t just convert back to 100% gold backed currency.

Believe me, the USA is not going to be hurting if that was the case.  Why?  Because you cannot show me that China has what they quote they say they have.  If you’re claiming that they’re honest … because you’re following a certain person … you’re mistaken.  Why are you not able to educate these people?  I’ve had these conversation multiple times on how to follow the money.

There always is a buyer … and a seller of currencies … trillions a day!  If you tell me it doesn’t exist … I’m sorry … it does exist.

If you think that this is going to change overnight to the point where gold is going to rush sky-high … there is no true way to monitor what gold is going to weigh based on the hoarders in the American public let alone the other countries. 


Do you think citizens will tell their government how much gold they have – based on what’s happened in the past?  They’ll try to take it.  It’s in history what they’ve done before. 


Why would the citizens ever want to go back to a totally gold-backed currency when the government can take over and control the wealth of the people?  Think it through people.

I’ve shown you an actual appraisal that shows quite an substantial amount of precious metals in just a 10 acre parcel … has anyone else ever shown you any proof that they have?  No.

Do I get offended or get my feelings hurt when people challenge me on that?  It doesn’t hurt my feelings … but it disturbs me when people say things and it affects my kids. 


For those truth-seekers … there will come a day … (and I hope it doesn’t happen to you) … that you’ve ever made a mistake and your kids are told horrible stories about you that are not true.  Things that are not factual.  I don’t own a baseball field.


I don’t collect anyone’s dinars!  Don’t fall for the internet BS that is out there!  You’re going to lose your currency if you believe that stuff.

So … what is the purpose of the $833 Million Dollar Loan?  Was it in USD?  Was it in IQD?  Let’s open up a thread and we’ll discuss it.  Don’t just rely on one article.

SPREADSHEETS – I’ve been asked to stop for now about the spreadsheets.  I do expect that all the auctions will appear. ;)

Many people ask about Indonesia and Vietnam.  Are they ready?  They are ready … but they don’t want to create anymore speculation on these.  I don’t talk about it.  If it’s time – it’s time.   If you do anything on these … you’re doing it on your own.  I don’t sell currency.

Is Vietnam is mirroring Iraq?  Yes … but you don’t see it is because very few people pay attention to it.  I called it the 5-legged horse from the beginning.  There is nothing to talk about.  You either have it or you don’t.

Vietnam merging banks and using USD?  Hey … it’s free money … (think QE) … lots of countries have done that.

What about Vietnam and the TPP.  What do you think BackDoc?

BACKDOC – it does appear that they are moving quite quickly on that agenda.  I see this as a major trading agreement (TPP) not just with Vietnam – a lot of countries.  The agenda … companies like UPS and FedEx will be a part of this trade process.  Some countries will have some equality in this process.  Some will exploit their resources.  This is a very comprehensive deal.

PIF – we just created a navy to protect that.

BACKDOC - You can’t be worried about the Yuan taking over tomorrow.  80% of the contracts in Vietnam will be settled in dollars.  This allows Vietnam to control their note count.  It’s amazing … they did this in plain sight.  Restructured 80% of their debt in USD not VND.

PIF – China doesn’t want to lose our business to Vietnam.  Basically China has done to the south pacific what the USA did to South America – in a way.  I think China has a critical situation on their hands within their own region.


Even though China is set up to use the BRICS … what will they use really?  It’s just an option.  China will still take the USD.  LOL.  Iran wants to sell oil ... so let ‘em sell it in Yuan.  Give China some recognition … make them a little happier.


It’s not all about “bad people.”  Stop buying into the notion that there are secret people that you don’t even know about.  You can’t tell me that these well-off families don’t know who the other well-off families are.  We’ve only become stronger because we remain consistent.

BACKDOC – we know that all of this trade will have a major impact on economies.  When you look at the new port being built between Iraq and Kuwait … the estimates are that GDP will affect some countries to the tune of 35-50%!  Plus a massive port is being built in Vietnam.  How will that be for the GDP of Vietnam?  This is a much bigger deal than what most people are giving it credit for.  That spells confidence!  ;)

PIF – So what about contracts with Vietnam, Russia and China and how the VND becomes an intermediary currency between those --- especially factoring in the BRICS.  As you know, the USA is not a part of the BRICS.  But the USA can use the VND as a tool to manipulate the BRICS.  Remember, the BRICS is NOT a currency.  Some say that they’re going to come up with a 100% gold-backed currency … but remember … all that is … is a piece of gold.

I live in a state where “gold” is a currency – and there are a few other states in the US that do as well.  Do they really want to get rid of the currency and make “gold” their currency … OR … do they want to pledge ASSETS against it … in case the country can’t deliver?  No one is going to have their currency flood in … in one day … and have to give up their assets.  If they did … they would get all of their money back.  Ok.  You have to understand what currency is.

Can you imagine how fast a small country … if we went in and took all of their US Dollars ... whatever they call it … in fact … let’s say for minute that the dinar was 100% gold backed.

This is a good example of WHY they WON’T DO 100% GOLD BACKED … there is NO WAY any country will make their currency 100% gold backed.   National security is one reason. 

If you are a smaller country and you pledge all of your gold against your currency … and a big country like the US comes in and takes all of your dollars in trade … and they say … “ok, we don’t want to trade with you anymore … so here’s your dollars … we want all your gold.”


  All of the sudden – they have NO GOLD!  We own you … thanks for playing.  Follow the freakin’ money.  They’re NOT going to do it!  There’s NO way in the world!  I don’t want to live in a country or be allied with a country who is foolish enough to take their nest egg of gold and pegged 100% of all of their natural resources – because they could be taken over!

So why are countries buying gold?  Because it’s cheap?  No – that’s not the case.  Dinar-world has everyone convinced that gold is going up.  That’s not the case.

Gold is still high right now – it has been higher.  When most of the gold that was bought … the US sold because they knew they had a lot more than what they disclosed – and they sold it for top dollar.  Some countries like Russia and China bought high. 


No stories come out and say that you can’t find gold.  Well … there is a lot more to the story to those who say there is not enough gold and that we’re running out.  There is a lot more gold in the ground than most people know.

BACKDOC – that’s why they are evasive about it.

PIF - Would China be crazy enough to say that they paid $1,200 an oz. for gold … what happens if gold dropped to $300 oz.  Oops!  How much would they have lost on their currency?  What a huge mistake!  This is basic economics.  Notice … gold hasn’t moved.


Q: What about Sterling?

Here’s the situation.  I can only speak of what I know.  This is a touchy topic.  I’ve always commented to you all … the truth will come out in the end.  I have to keep my mouth shut on things and let the truth come out … someday.  The only thing I can do is to tell you to save your receipts that you’ve done business with … with anyone.

You will need good people around you when it comes time to exchange.   I don’t say a lot … justice will play itself out.  It’s not important that someone made a mistake … the mistake is trying to cover it up.  My heart goes out to anyone who is hurting.

I’m not waiting until this happens to pay it forward.  I don’t talk about what I do to pay it forward.  Others will talk about “things” – because that’s what they do. 


There are a lot of people out there who are being misguided.  I beg everyone to do the right thing.  Don’t give up your dinars!  Why do you think the bankers are getting into trouble?  Because they’re trying to play both-sides.

Save your receipts and not day one when this happens … but give me about a month and you’ll get more details about pay it forward.  I’m not asking for anything in return.  Pay it forward is about giving without others knowing about it.

Pifpifpif.com will be around for generations.  We know who we are and what we stand for.

What other crazy things will occur as we near the home stretch on this?

Watch for countries settling debts as indicator that the RV is near.

Don’t give up your dinars to anyone!

I did offer an invitation to DS.  I offered to take him up on his challenge – a debate.  I haven’t heard back from him yet.  It’s time to learn how to follow the money.  I know who the people are in this industry.  Exaggerating things does not help people.  They need factual information that can be backed up.

Thanks to our team, members, everyone for their help!