The World Economy is Saved!!!

The World Economy is Saved!!!

By Dene McGriff

The world economy looks pretty bleak at the moment.  As I have written in the last three articles, there is way too much money and debt sloshing around in the world, too many entitlements, too much complaining and too little production.  Interest rates are increasing in Italy, Spain and even France.  The debt/death spiral has begun.  But what if I told you that we have a temporary fix?  Just remember, you heard it here first.  I’m not going to back this up with a bunch of links because no one is talking about it and no one is supposed to even know about it.  This is hush-hush.  But the “powers that be” are about to come upon trillions of new dollars. 

Let’s all say it together:  “Now wait a Wall Street Minute . . .  how could that be?”  Printing money and monetizing debt will only lead to ruinous hyperinflation.  What you see is what you get.  There is no unfound wealth left in the world and gold’s nearly at $2,000 per troy ounce.  Ah, grasshoppers, but what if there is and you just don’t know about it?  What if the government doesn’t want you to know about it?

Before I get to the meat of this, let me ask you a question:  Just how did Bill Clinton not only balance the budget but come up with surpluses in his last couple of years in office?  These surpluses were in terms of how the budget is figured … there weren’t real surpluses if you count unfunded liabilities.  Notwithstanding, for the first time in years, these surpluses showed up out of nowhere. 
Now, let me ask you:  Is that because President Clinton was such a frugal spender?

Was that because Congress all of the sudden got fiscal religion and stopped “ear marking” legislation for their districts?  Was that because they cut back on military spending?  The answer is “no” to the first two questions and a qualified “yes” on the last one, referring to military cutbacks.  But hidden in there is a dirty little secret.  The First Gulf War was paid for – not just by the Saudis but also by the Kuwaitis. 

During the war the value of the Kuwait Dinar collapsed to pennies, but the U.S. and a few speculators accumulated billions.  There is no way of knowing exactly how much but that is the main source for the Clinton surplus.  It took seven or eight years to see it, but it finally paid off.  The dinar went from pennies to about $3.60 to one dinar, making it one of the most valuable currencies in the world!

 When the second Gulf conflict began, Bush and Cheney assured us all that the war would pay for itself.  Bush set a plan in motion.  When the first Gulf war began, the Iraqi Dinar went from $3.22 to one dollar to a fraction of a cent to the dinar and has stayed there for the past two decades.  The Iraqi Dinar has been absolutely worthless for two decades.  It is currently at about 1280 dinars to the dollar.

There are many other currencies that are worth much more than their current value, the most notable is China’s, the Yuan Renmimbi; which is worth about 6.8 to the dollar.  We are convinced that China has a competitive advantage because it is held at a low value.  

Another example is the Vietnamese Dong which is worth about one hundred dollars per million Dong. Many believe the value is more like 20 Dong to the dollar.  That is quite a difference, i.e., 0.0001 vs. .20 – an astonishing differential.

Now, let’s shift gears back to the world monetary system for a moment before we come back to Iraq.  The International Monetary Fund (IMF) realizes that the system of fiat currency isn’t working because it is based on the good faith of the individual government printing the currency and governments have proved down through the ages they can’t be trusted.  Meanwhile, there is a huge hue and cry to return to the gold standard because it at least bases value on something tangible and keeps us honest.  The problem with the gold standard is that there isn’t enough to go around basing a world economy on it.  So, what to do? 

Over the past few years the IMF has been working on complex formulas which would determine the value of a country’s currency based on their resources and productive capacity.  This could mean agricultural, mineral or other natural resources or manufacturing output, intellectual resources (e.g. those who create technology) and so forth.  The idea is to come up with objective, quantifiable criteria.  They are currently in the process of revaluing 133 national currencies.  Some could go up and some could go down.  If this were done on a fair basis with every country, every country would get credit (value) for whatever they produced.

Now let me ask you:  What would happen if all of the sudden a currency was revalued?  What if the Chinese currency suddenly went up by thirty percent?  That would mean there is a lot more money in circulation.  We read about how the IMF and the central banks are trying to come up with a scheme to inject needed cash into the system.  Well this is it!- especially given the horrendous financial crisis now gripping the Euro and member nations whose currency exchange is based on the Euro.


Now let’s go back to little Iraq.  Little Iraq was the number three in oil resources, but remember, because of all of the wars and instability, only about one quarter of Iraq was explored.  Now they are up to about 40 percent and the amount of reserves continues to grow.  The strange thing is that Saudi Arabia’s oil reserves never seem to go down even though they have been pumping like crazy for the past 100 years.  When drilling for oil in Iraq, you are more likely to hit oil than water and it is sweet crude, the best in the world.  Some think it will end up being number one in the world.  It is already the first in natural gas.  Iraq is also rich in minerals and has historically been the bread basket of the Middle East.  It is the site of the original Garden of Eden with the Tigris and Euphrates rivers flowing through it year round.  After decades of being ravaged by war, it can once again become a major agricultural producer.

So what does this mean?  Based on IMF calculations, the value of the Iraqi Dinar should be around the $2+ range.  This is not unreasonable considering other Middle Eastern oil producing countries average about $3 to $1.  “So what!” you say.  It is estimated that the U.S. government is holding 3.5 trillion Iraqi Dinar (IQD).  If it were to revalue to the $3 level, that would be $10 trillion new found dollars (US)!  Imagine what fun our legislators would have with that?  Of course, they could pay down the national debt, but I suspect they would just rather spend it and look like heroes, balancing the budget and all.  We can also safely assume that France, Germany, England and even the PIIGS are sitting on IQD.  That would really help as well.

Many countries will see their currencies go up.  This has been alluded to in the news.  This would certainly help solve the immediate crisis.  It would inject much needed cash into the Euro-zone, America and the rest of the world.  But will it solve the world problems?  I seriously doubt it in the long run but it may support a nice little recovery for a few years.  That won’t deal with the problem of excess liquidity – too much money and in this case, even more of it sloshing around in the world.  Our leaders have shown that rather than let banks and countries fail and restructure, as in “work the debt out,” instead, they pour more good money after bad, only greasing the pockets of the bankers and the elites.  No wonder the “Occupy” movements are so upset!

As I said above, you won’t read this anywhere else.  You won’t find it in the newspapers, CNN, CNBC, Fox or Bloomberg.  This is a little secret the politicians will pull out to save the economy, save Obama and save their legislative posteriors.  People will think they are brilliant and re-elect them. Currencies led by Iraq, China, Vietnam and a few others will revalue, injecting trillions into the world economy.  This will put a temporary patch on Europe and even the US, only postponing the pain for a few more years.

Again, the revaluation of these currencies around the world is designed by the IMF (whose engagement is “international monetary policy”) to reflect tangible (minerals, resource assets) and intangible (intellectual, technological capital) worth of a nation’s currency – the more assets, resources and intellectual capital a nation possesses, the greater will be its currency’s worth…most nation states will find themselves in a strengthened currency (more valuable) – some, like Vietnam and Iraq will reap a bonanza.

This is just my little prediction.  The IMF, the central banks and the governments of the world will ride high for a few more years while the real trouble brews in the Holy Land!

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Copyright 2011 Dene McGriff

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  1. DisgustedinUSA says

    Well, although I DO own dinar and dong, I think this blog, even tho its well written, sounds more to me like everything every dinar guru has said….and gotten WRONG. At this point, because nothing has revealed itself yet, its all just hearsay. We’re STILL waiting for that wonderful “day” of revalue. So, please folks, this is a risky investment, which the writer didn’t mention. So, only invest what you can afford to lose. And don’t give in to the dinar pumpers out there, cause they’re EVERYWHERE and on EVERY site that has a “leader” “guru”.

  2. Jason apoyan says

    The world economy described now seems to want a central common national bank here based on recent events with the money system the other method is over as world demonstrations have shown so a new system can be the solution may be find a political method there even with the best presenters that have explained the what they intend to do for the whole economy international.

  3. Jason apoyan says

    The world economy subject hope the info is given is suited to the subject thats are described above guess we would display the intention to save is suited again for the common good guess the presenter is working for us hope it has good merit.

  4. Jason apoyan says

    The common good nation australia which value that can have a change take that to the bank must happen thats about all.

  5. Jason says

    The british commonwealth in australia have dismissed the concept of a central govern bank on this land they have opposed to the common good of the nation which leaves us to question there agenda of genocide.

  6. Jason apoyan says

    World economy is saved could be not far from the mark what a good time to be had just think with all the money the world economy has had and did have prior to these days what a future when changed from there policies to our intent you see why this so then just go and earn while who keep the value a merry trust fund.

  7. Jason apoyan says

    How do the plan to save the economy when there are production factors to be consider what is the world producing when the economy markets keep crashing that effects resources from where do they get resources that sustains how could you save with a revalue on market money when it should be based on sustain produce what financial group do the main government media belong is that produce economy what is there value now there agenda as has been displayed and is destructive so they should be replaced.

  8. Jason Apoyan says

    Chance is a good value so is central government bank then trade public funds the economy wealth.

  9. Jason Apoyan says

    The next economy government makes wealth better for the common good make a change as is shown with generous support that is my wealth make the choice to save the economy.

  10. Jason Apoyan says

    Why is it with all that wealth that is displayed in this world that there are problems that are destructive and never seems to get better when it should if we are wealth so what is wealth for if it is not lasting beyond the next greed then how is that saved when it keeps having problems you tell us it is greed what then is going to last how about genorous some are actually care but when compaired to the consumer it is a very small portion what is a government when it does not fuction to the highest good of all as claimed they do is that saved is this at all worth it the government you display your wealth government but it is not mine dont have any wealth you are at the moment is going to last go your government make a save.

  11. Mark says

    Dene, if the CBI implements the 1000 old for one new through the subtlely imposed exchange rate whether it be used for the old or the new currency (it will work on both) it will eradicate all of the investors dinars less the survival of the 1000 new exchanged for the million old, and you can calculate by dividing 1000 into 1 million. Then who is to say that all of those countries you mention will not be excluded from this wind-fall including the US, and if not, then how would they discriminate against the investors? The stategy came from The IMF, and the obvious purpose is to open up on the foreign exchange with mini luggage to launch a currency worth 33 trillion dollars at the getgo, 1 dinar equals 1 dollar, Of-course whoever can jump in for 1 dollar will make money.

    Think of the potential 33 trillion dinars at $4.00 to 1 dinar. But, the Shabibi’s investors “pie in the sky” (worthless dinars as you put it) has become a reality thanks to the unfair exchange rate contrived by IMF/CBI. I have not heard any comment from your camp regarding this important fiasco epidemic if the Iraqi government approves.

  12. jason apoyan says

    Still requesting may be a change of tactics how about Get jailed wall stock street, Get bankrupt corperate multinationals, Get fired financial thieves, Get out of my property mass media, Get worried toxic energy,ect,ect,ect.

    • Jason Apoyan says

      must be to the british monetary system tenderd in australia the sum worth of wealth bank the frustration of the poor towards the rich is increased dramaticaly that has been proven get ready for defensive action to protect a nation what a suprise for you news papers have a flash.

    • J.a says

      Ok how about whatever is displayed here is to be expected this subject gets the frustration award bankrupt economy if the presenter wants the economy to be saved hurry up then the value scheme wont work because wealth corperate is done on productive value financial.

  13. says

    The US Gov’t is one of the lsrgeat holders of Dinar. Bush knew this would be how the Iraqi war would pay for itself, he just wont get the credit.

  14. Jason apoyan says

    Barter and trade economy then go save your self huge wealth, please take a business deal track those transactions for profits this could be a new wealth managment program it would only have to serve the good, for the concerns are minimum a bit like a chance deal.

  15. Jason apoyan says

    Well the goverment does’t want me to know about wealth after many request for financial support, ive waited long time for wall stock street to produce a fair return on my investments could only guess how much money they keep from there investors pecora knew about that great work,this article suggest we continue to play the game in a financial bunked economy, the media says trust our leaders watch them save the economy but never happens only there accounts it seems, then wait for the next political glamour campain,then there is the occupy movement world wide thats telling the corperate elite excactly what they think of them great work guys,then what gives the IMF the right to value any nation economy,when you value a economy it is done on productive produce and not on dictorial methods bail out just get out.


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