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Iraq an economic Study
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[quote:ReVbo™:MV8xNzI0NTM4XzM3Mjk5MzMyX0RFRDY0RTI=] LapDog update: I HAD A 2 1/2 HOUR TEL CONVERSATION WITH MY CONTRACTOR IN BAGHDAD TODAY. I AM ENDING TODAY WITH AN EMAIL HE SENT ME YESTERDAY. THIS PRETTY MUCH SUMS IT UP. RIGHT NOW --- IT IS LOOKING MORE AND MORE LIKE CHAPTER 7 IS CRITICAL. WE ARE PARALIZED UNTIL CHAPTER IS LIFTED. From: Tony XXXXXXXXXXXX Sent: Saturday, April 13, 2013 10:15 AM To: Bionic Dog Subject: The Smoke is clearing......lots of smoke Dog, Please see the article below. I am beginning to understand why there was a Wall Street manipulated GOLD panic. There is true fear for the Dollar on Wall Street. It is actually the US FIAT Dollar that is under attack. As more, and more countries move to do currency swaps with China, less countries will be trading using the US FIAT Dollar. Now France makes the move... This will pressure the Bond Market (Even less foreign investment), forcing a rise in interest rates, increasing the velocity of currency, setting off a heated rise in inflation, further Dollar devaluation, and even more printing... It appears they may be kicking off the US Dollar end game. GOLD may bounce back over the next week. Hard to tell right now. When we have so much debt, almost a quadrillion in derivatives, currency devaluation, bubble markets, increased printing, no yield bonds, etc., etc., GOLD is going to go through the roof within an 18 month span. Now France has joined in on the attack against the dollar. Unless there is a reset. We need Chap 7…..Unless Iraq Revals... Timing is everything. Nothing is as it seems... It’s a colossal mess over here…….I'll Call you today........or asap. France plans currency swap line with China: paper BEIJING | Fri Apr 12, 2013 11:44pm EDT BEIJING (Reuters) - France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London, the China Daily on Saturday cited Bank of France Governor Christian Noyer as saying. Yuan deposits in Paris amount to 10 billion yuan ($1.6 billion), making it the second largest pool for the Chinese currency in Europe after London. Almost 10 percent of Sino-French trade is settled in yuan, also called the renminbi or RMB, according to French data cited by the official newspaper. "The Bank of France has been working on ways to develop a RMB liquidity safety net in the euro area with due consideration of a supporting currency swap agreement with the People's Bank of China," Noyer told the English-language newspaper. The yuan's internationalization and bilateral financial cooperation could be among the main topics during French President Francois Hollande's visit to China in late April, the paper said. French Foreign Minister Laurent Fabius paid a two-day visit to Beijing this week. The planned swap line would be the latest in a string of bilateral currency agreements that China has signed in the past three years to promote use of the yuan in trade and investment. It followed a similar step by the Bank of England to set up a reciprocal three-year yuan-sterling swap line with China. Britain, always anxious to maintain London's status as Europe's biggest financial center, launched an offshore yuan currency and bond market to great fanfare last year. [/quote]
Original Message
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
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