0-3-2013 Newshound Guru Phoenix3333 Ok...as of 2 days ago, prior to this change of how the US foreign currency reserves are handled any major change of value of the Iraqi dinar would have done little to help the US government out of the current budgetary crisis but NOW that they have made this change of operational protocol the United States Treasury can now use the foreign currency reserves as operational funds by converting the value to instruments of liquidity to be used for what they deem necessary.
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10-3-2013 Newshound Guru Phoenix3333 33ff]sunny] "Lew said his department was suspending some reinvestments of a government currency exchange fund and would also enter into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund” This is a HUGE "pre-RV" indicator in my opinion! I did not know that they did not have access to the foreign currency reserves in the US and because of this move by Obama any windfall from the Iraqi Dinar revaluation can now be used by the US government where as before yesterday...it was not possible. [post 1 of 2….stay tuned]
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