Eagle1 » May 23rd, 2013, 1:47 pm •
Good Morning, Family!
Despite all the news we read in the Iraqi media concerning the events taking place in country as they relate to the release of the IQD internationally, there is a much larger picture unfolding internationally with regard to the IQD and every other currency coming into compliance with the Basel III protocols.
Hopefully, this post will clear away some of the confusion and the “smoke” we see in the various media and many blogs.
Most of you know that my background is not just banking. My years in banking were interwoven and interspersed with a 50-plus year career in the world of radio and television broadcasting on both sides of the microphone and TV camera.
During the 1990’s when computers began to become more user-friendly and Windows software became de rigueur, the world of broadcasting began to introduce more and more computers into its daily operations.
As a Chief Engineer for FOX in Alaska, then one who trained engineers for NBC, (not counting serving as Chief Engineer for Family Life Radio in Louisiana) and finally Chief Engineer for Telemundo’s flagship station in the Rio Grande Valley, I took advantage of the opportunity to become a beta tester for Microsoft.
It provided access to the “latest and greatest” and allowed me to incorporate Windows software into the broadcast environment ahead of the normal curve.
That said, I did beta testing for Windows 3.2, Windows 95, Windows 98, Windows 2000, and Windows XP. Each generation had its own bugs and drawbacks, and even when Microsoft thought the software was “ready for prime time,” it was still loaded with glitches that were only exposed after the software was released to the public.
“Real world” operation can be quite different from lab testing and semi-public beta testing.
Now that I’ve bored you with a lot of preliminaries, that brings me to the Babylon II software and the Basel III protocols. We’ve heard a lot about the world banking system rolling out the new software. We’ve also heard about the various world banks becoming “Basel III compliant” in preparation for the Global Currency Reset.
Part of Basel III requires each nation’s currency to be asset-backed, and those assets will vary widely from country to country, and even countries that share the same kinds of assets will have different proportions and percentages relative to their whole asset base.
For example, the United States has gold, silver, platinum (and a host of other valuable metals), along with oil, natural gas, agricultural products, and a huge range of minerals — all of which play into the asset-base that will back the new U.S. Dollar. For the most part, our northern neighbor, Canada, has roughly the same assets. The difference is the relative proportions overall.
The formula, therefore, by which the backing is established for the USD will differ in its proportions from that which governs the new CAD. Because some of these assets can shift over a period of days or weeks rather significantly in value, the Babylon II software has to adapt accordingly.
Moreover, because the currency is still pegged to a basket of other currencies, the shifting value of those currencies has to be taken into account.
It sounds like a computer software engineer’s nightmare, but for folks who continually work with these kinds of variables, it comes down to being able to adapt the formulas so that each day’s daily fluctuation in values is accounted for in the published rate for that currency.
Let me give you one other example. Gold, as we all know, plays a big part in the valuation of our currency, as well as that of the IQD. The proportionate share of gold to our asset base differs from the proportionate share of gold for the IQD.
If the value of gold changes significantly within a particular window of dates, that change will affect the value of the USD or the IQD depending on how much of the currency’s valuation is based on it. If the particular assets that back a certain country’s currency become extremely volatile, that currency is going to become volatile to the degree that those assets govern its value.
Clear as mud? Good! Then let me explain something that has been happening with all of this in mind.
The IQD has pretty much become the lynchpin for the ongoing changes, and ironically enough whether intentional or unintentional, the reason for the name of the new banking software: Babylon II. Despite the name, this is a global event, folks!
The IQD was due for release internationally months ago. How many times have we heard that “the RI will go international tomorrow at midnight,” or “we will see the RV announced on Tuesday (or Thursday)” — or whatever date?
How many supposed rumors have we heard during the past few years of when it would be released, and what the new rate would be? Frankly(26!), I’ve lost count! (pun intended) If it weren’t so monotonous, it could actually be humorous.
We’ve heard the term “locked and loaded” on numerous occasions throughout the past months, and many well-meaning so-called “gurus” (I really don’t like that term!) have issued prognostications about the date and the rate. The problem has been that what they’ve heard was accurate, and it has thrown many good folks for a real loop.
They didn’t intend to be inaccurate, but they were missing an important piece of the picture: the need for true compliance and interoperability [sorry to throw that $64 word in there ] with the Babylon II software.
Back in February of this year we were told that “all of the banks are now Babylon II compliant.” Riiiiiiggggghhhhhttttt!!! Babylon II wasn’t quite ready for prime time yet.
We’ve known for some time that the IQD was ready for international release. We’ve even seen articles out of the CBI, such as one that came out yesterday which gave us a hint as to the nature of the delays. That article said that the IQD was “technically ready.”
Jack Lew, Christine Lagarde and Dr. Shabibi have all been in agreement that everything was ready to go and have signaled the release of the RI.
Several efforts have been made to do just that, each time resulting in software programming issues that have stopped things. Each delay has put off the revaluing and/or restructuring of other baskets of currencies, creating hardship and difficulty for the corresponding nations’ economies.
A decision has been made to release the first basket of currencies all at one time. This is an event that has never before taken place in banking history. As you can well imagine, the release of 25 revalued or restructured currencies simultaneously introduces a whole new set of issues and it magnifies the problems the banking system has encountered with the Babylon II software.
Yesterday (May 22nd), no less than three attempts were made to release the IQD and its 24 counterpart currencies (including the VND).
Each successive effort took place after assurances that the problems had been solved, and the software was “now compliant.”
At this point, my understanding is that the effort to release these 25 will continue until every issue has been worked out.
If they are not successful today, they will continue tomorrow … and Saturday … and Sunday, for however long it takes to get it done! The day of the week is no longer at issue. Whether it is Friday, Saturday or Sunday, they intend to get this done!
As already noted, this is a global event with global consequences! Iraq is at the center of things, and yet it is not! The political events in Iraq are more of a distraction than a factor in the timing anymore.
We’ve seen how Shabibi maintained his involvement and control over things at the Central Bank in spite of Maliki’s machinations and conspiracies against him. He had to work out of country for several months, but he stayed with it.
We are literally on an hour-by-hour basis.
We have been for days, and will continue to be until these currencies go “live.”
That’s my assessment of things at this moment. If there are changes or modifications necessary to some of the things stated here in the hours or days to come, I will post those changes.
Otherwise, stand fast! We really are there! This is a God-event, and He is keeping His promises to His people.
Meanwhile, be careful how you speak of others or point fingers at other so-called “gurus.” Most are well-meaning, and most have reported what they’ve been told.
One clarification before I quit. We’ve all seen and heard reports of outlandish rates for both the IQD and the VND, and stories about what has been “seen on the back screens.” Some of the crazy numbers we’ve seen are nothing more than administrative codes that vary from bank to bank, and some of those administrative codes are close enough to the real numbers that it has created confusion.
Forget that stuff! Forget all the nonsense about the various “tiers” of people supposedly cashing in. Hang tight, folks! There are real numbers that will bless all of us and give us the liberty to bless the Kingdom of God!
Blessings on you.