These gurus have been telling us for two years that "deleting the zeros" means removing the larger notes in preparation for the RV. In fact some gurus claim that the 000 notes are all gone. Now suddenly we hear that they're putting the "delete the zeros" program on hold? Does that make sense? They removed them and then decided not to remove them?
But enough about the news. Let's get back to the Douchie. I'm not going to address the discussion about the CBI and the GOI and who has the constitutional authority to do what. I'll leave that for conference call debates. What I want to focus on is the RV hype.
Enorrste: The CBI is ON RECORD that the RV will raise the value of the IQD to about $1 per dinar, and that the rate will rise gradually up until September, at which time the new currency will be issued to coincide with the existing currency.
Caca del toro! The CBI never said they were going to RV to $1. They have clearly stated numerous times that they will re-denominate. If they achieve parity with the dollar it will be done with a lop and
a subsequent or perhaps simultaneous RV of roughly 16%.
Enorrste: The money supply will not rise. In fact it will fall dramatically. Not only have most of the large notes already been withdrawn (Shabibi stated so) but the few that remain will disappear after the $1 RV, probably in the near future. By September there will be no large notes left.
Caca del toro de nuevo! Shabibi never stated that most of the large notes have been withdrawn. This is the same claim that won a Douchie for Randy Koonce last week. And if deleting the zeros means removing the large notes from circulation, and if they have already removed most of them, then what sense does it now make to say that you're not going to remove them? What? Are they giving them back now?
Enorrste: The currency, per their own press conference, will consist of 1 to 100 dinar notes, with values of about $1 per dinar. Therefore the money supply will DROP from the current 25 trillion dinars to about 25 billion dinars
Um .... how ya gonna go from 25 trillion to 25 billion without a lop, guy?
Enorrste: AC is mistaken and needs to do his homework before bloviating
Enorrste then went on to berate American Contractor, claiming that he was more concerned about his reputation that he was about the truth. Are you for real, E? You consistently distort what is coming out of Iraq and then accuse others of not caring about the truth? You subject us to these countless filibusters and then you accuse AC of bloviating? And if anybody needs to check their homework it's you, amigo. Remember a few months ago when you said that when Iraq's oil production doubles their oil revenues would go up to $1.82 trillion a year? It would only be $182 billion a year. Your math is as bad as Adam Montana's.
In my time as a dinarian there is nobody who has proven more credible than American Contractor. People have been bashing him for years, saying Iraq will RV and he doesn't know what he's talking about. So far he's been right and his critics have been wrong. Especially Enorrste with his silly little conspiracy nut RV book, complete with references to the Mossad and Operation Rainbow. So congrats to Steve "The Professor" Norris, a.k.a. Enorrste for winning his first Douchebag Award, although a Windbag might have been more appropriate.
4/16/12 ... UPDATE!!! Steve decided to delete all of his comments and screw up the thread, but my readers are pretty smart. One of them had the presence of mind to take a few screenshots of Steve's comments and he sent them to me this morning. Thanks callingfoolsout!
.
You couldn't of picked a better douchbag. I have always thought that guy was a nut job.
ReplyDeleteIf Iraq doubles their oil production, the resulting increase in supply could easily drop the price of oil to half it's current value, which would net them exactly zero (well, a little less as it would cause their expenses to rise). Is this guy supposed to be an economist?
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ReplyDeleteSteve,
DeleteHello.... This is Proteus, I am the administrator of ReValue.us, also I am friends with Kaperoni and Russell, they have been on my CC's before... just simply put, I do not think we've had the opportunity to speak directly...
I would like to personally Invite you to be my Guest on ReValue, on one of our Wednesday Conference Calls to set the record straight...
I think hearing your perspective directly is more important than 3rd hand news, we feel that everyone's opinion and perspective in the community is very important, as it broadens the foundation of our knowledge base, and as such allows all members of our community to formulate their own opinions concerning this investment and having your valued perspective is one thing I believe that community deserves to hear directly from you, not from the tabloids...
Please contact me at: proteus@revalue.us
So we can schedule you being my guest on an upcoming Conference call...
Thanks so much for you time and consideration of this honest invitation,
BEST WISHES,
Proteus
:)
If you're Steve a.k.a. The Professor a.k.a. Enorrste it was you. It was a conference call with Kaperoni and TenMillion and JayP back in November. I was listening when you said it, Steve. I transcribed it myself. You said they're going to double their production from 2.5 to 5 million barrels a day.
DeleteLol the same professor sonny didn't know and then miraculously remembered he knew.
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ReplyDeleteDo you know what a "plan" is? If I complete the plans to build a new house... does that mean I can move in?
DeleteYou stole my analogy, DaveD. In the future please clear all analogies with the owner of the blog. ;-)
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ReplyDeletePlease provide some type of link to back up this bogus claim. There is no proof that any of the larger denoms have been removed.
DeleteWrong....there are plenty of large notes in Iraq.....another pumper line
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DeleteTypical guru misinterpretation. The article never even mentions large denominations. All it talks about is damaged denominations… and even states that most of those are “small groups”.
DeleteTry again.
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ReplyDeleteThe CBI says you are a liar. The CBI specifically states that all dinar that have been redeemed (that means bought back) are accounted for in the figures they post.
DeleteYou might be right that the dinar that left Iraq will never come back. Not for the rediculous notion that you mention... but if and when the redenomination does take place Iraq may lock down on currency re-entering the country. Rendering it worthless.
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DeleteNonsense… any notes that have been bought back from the CBI are no longer considered in circulation, so they are not included in the figure posted. 32 Trillion dinar are currently in circulation per the CBI. Many articles lately have also backed that up by stating 30 trillion.
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ReplyDeleteThey will achieve a 1:1 ratio AFTER a Redenomination......they are not RVing 30 trillion dinar to equal a dollar. C'mon it's complete and total nonsense
DeleteYou're reading too much into it and then telling people what they want to hear. It says, "The Iraqi Central Bank announced the completion of the PLAN to remove three zeros..." They are only saying they completed the PLAN, NOT the plan is completed. They just now know how they will remove the zeros, as in the actual zeros on the notes, NOT the removal of denominations which have the zeros.
ReplyDeleteHow can you say they printed the NEW lower denominations in 2003 when they have just recently stated they were discussing what the NEW lower denominations would look like and what they would say? Look it up. It's there.
ReplyDeleteNot only that but they also want the 3 languages on them so no they haven't printed them on 2003. When they redenominate they will print all new currency with the 3 languages on them as they have stated over and over and over
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DeleteThere is no proof of those lower denoms being printed.
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DeleteSounds like the RD (lop) is official now. Good luck exchanging outside Iraq. Thanks for proving what we already know
DeleteThis only talks about the new currency they will print and introduce after they redenominate.
DeleteI will give you this much Steve. There was a set number of different currencies printed in 2003 and there is a discrepancy between the number printed and the number introduced. So one will assume this is where you and many others are getting the "the lower denominations were printed in 2003". The problem lies in the fact no one knows which denominations were not issued, but at this point in the game, it does not matter. They have stated time after time they will issue a new currency making what was printed in 2003 and not issued obsolete. Why release something made in 2003, which will NOT have the new look nor the new languages on it, along with the new currency?
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DeleteWhat sense does it make to release smaller notes now and then replace them in sept...makes no sense....no one knows what notes were printed in 2003. They could be fils or whatever. Bottom line your scenario will not happen.
DeleteHell, the very article you quoted above debunks your ridiculous claim of them having printed the NEW lower denominations in 2003. " The Bank will re-print 30 trillion dinars (26 billion dollars)."
ReplyDeleteDon't worry whisper.....he's wrong and knows it....is he not the E in G.E.T........nuff said lol!!!!!!
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DeleteWill not affect wealth....thanks for posting another Redenomination article.
DeleteOk, again you bring us an article which states they will go from 30 trillion to, without putting pen to paper but just guessing based off that which is stated about "deleting zeros", to something close to 30 billion. In addition to the statement of, " " asserting that "the currency exchange will not affect the per capita income or wealth, or its contractual obligations. " which tells us when they delete the zeros, our 25,0000 note will be worth 25. Based on the later part of the brought article, they will print a new 25 dinar.
DeleteI find it very funny that to defend his position that Steve keeps bringing us Redenomination articles.
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DeleteShabibi never said they will revalue their currency and then redenominate, much less said he will revalue to a dollar. This part of the arguement is moot based solely on the fact Shabibi never said it. BEST case scenario, they redenominate and over time they increase the exchange rate to somewhere close where those of us who still own dinar can break even or maybe, MAYBE make a miniscule to small profit. Hopefully the statement they made of the new currency and the old to coincide for a year or so holds true to give them the time raise the rate AFTER they redenominate, or remove the zeros.
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DeleteYes it will raise it. 1,000 dinar equals .0086 so after deleting 000 1 new dinar will equal .86. See where the purchasing power just raised. You should study how redenominations work. It's actually easy to comprehend
DeleteIt actually does not say it WILL RAISE the value, rather it says it WILL LEAD TO raising the value. Should they raise the rate over the stated two year period AFTER they redenominate, then deleting the zeros WILL LEAD TO raising the value.
Deletehey steve you dont have to explain shit to these morons let them do their own fucking research they probably all have dinar along with sam whos a douche himself all these morons have to do is read articles that the cbi themselves are saying its not you or kap making this crap up its in their news none of you jackoffs have anything relative to add go look it up for yourselves buttheads!!
ReplyDeleteHilarious.....we are reading and understand what the CBI is stating. It's you and your buddy kap who twist it to fit agenda. All other gurus also twist the articles. The CBI is VERY clear what they intend to do and that's RD
DeleteIt truly is hilarious when people claim the CBI is announcing a 100,000% RV months/years in advance, and then call others morons.
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DeleteHey rockinrich....what's this fascination you have with kap? Why do you defend this guy like this? He has no clue what he is spewing. He is constantly misinforming. Are you kap and butt hurt that people talk about how wrong you are?
ReplyDeletei guess we will see who comes out with chit on the end of their stick huh pal?
ReplyDeletehey calling why dont you come into the caht room and debate him none of you will cause you aint got no balls!
ReplyDeleteLol. Jagerson has said plenty of times he would debate that guy. Kap is not that dumb and would never debate him. Sam can set it up if you feel kap will debate him. It will be very entertaining to watch
DeleteAlso what "research" is kap doing? All he is doing is taking articles that anyone can access and then "breaking" them down......but really all he is doing is feeding everyone a bunch of garbage while giving his opinion on what he thinks the article means. You guys crack me up. I feel sorry for you guys sometimes. What are you going to do when Iraq finally redenominates? Are you still going to be in denial and say its one big cover up and that Iraq did rv. It will be ok I promise. Breathe and relax
ReplyDeletehey you think youll beat him in a debate come on in sometime he doesnt just read articles and put them on his site he knows more about this investment than any moron on this site and for that matter any lopper out there you guys are really proof that the best part of you loppers ran down your mothers leg
ReplyDeleteYou need help. You are obsessed with kap. Seriously it's not healthy.....I've heard from some that you are actually kap and it's making sense now. Good luck living in denial. Kap has no clue or he does and is lying.
DeleteCalling, just ignore rich. I really don't want to have to wait for comments to be verified by Sam before posting. It slows down the process of trying to have a quicken paced debate. The only reason rich comes here is to cause trouble and you fall for it each time. Let him act like a child and make a complete fool of himself and ignore him. Maybe Sam can find a way to moniter just richs' comments. I don't know, but I do know when you get into pissing matches with rich or sonny, we all suffer. I hope you understand and can see where I'm coming from.
DeleteThis is a first of me with rich but I understand with what you're saying. Rich has said plenty of horrible things on here and should be monitored. Thanks for the heads up
Deletejagersons a jackoff he wouldnt stand a chance you guys keep putting kap in the same category as some of these jackoff gurus and he goes solely off of news articles and facts nothing else unlike okie and other morons that do have an agenda
ReplyDeleteLol have you read jagersons resume and credentials.? What does kap have against that.....NOTHING!!!!! Most ignorant statement ever. Get help dude.....you need it
Deleteas i see it Kaps agenda is to educate folks to the best of his ability ....what is yours
ReplyDeleteKap is not educating....he is misinforming. My agenda is to set the record straight. I'm not brainwashed and delusional or broke it desperate. This whole dinar issue is a fantasy and anyone with common sense can see that. I bought on blindly when I was in Iraq in 2005 and bought more a couple years later and then starting reading the news and numbers from CBI and it's clear what they plan to do. Sell before Iraq closes boarders to issue new currency like they did last time. Good luck
Deleteand your here wasting your time posting on a dinar site i assume you must have dinar surely you wouldnt be here if you didnt right moron??
ReplyDeleteNo I actually sold all of my holdings after reading what the CBI plans to do kaperoni. I'm here for pure entertainment and you are surely giving it to me tonight. Thanks for the laughs
Deletewell for one thing i dont belive you and i for one get my entertainment from your old lady!
ReplyDeleteI'm going to leave your comments up because I want people to see what a low class act you are. Any future comments from you will be deleted.
DeleteNice. Good move. +1
Deletepoint / set / match : Calling and Whispering
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ReplyDelete25,000 - .00086
Delete25 - .86
That's how rd's work Steve. It's neutral and after exchange period is over the dinar can gain value as economy improves. This is yet another redenomination article.
I'm not saying 25,000 equals .00086.... I'm showing dinar and exchange rate and what happens after deletion of 0's.....I'm using 25k as an example
DeleteMy reply from above since you redirected me to this article.
DeleteIt actually does not say it WILL RAISE the value, rather it says it WILL LEAD TO raising the value. Should they raise the rate over the stated two year period AFTER they redenominate, then deleting the zeros WILL LEAD TO raising the value.
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DeleteYou clearly cannot comprehend what you are reading can you or you do and you're still trying to twist it. The dinar will strengthen after it redenominates. You can't be this naive. So You honestly believe the CBI is telling the world they are going to rv 100,000%........you have to be kidding me
DeleteSteve, you aren't wasting your time on this site. Unless of course your main reason for coming here is to try and convince everyone here, yours and kaps, which is now CLEARLY evident only knows what you tell him, and this al-Bakri fellas opinions are right and are the only option avaliable to Iraq. Then yes, you are wasting your time. I appreciate you coming here and debating with us and showing us your point of view. I don't agree with it and many others here won't either, but at least you came here and voiced it.
DeleteOh and in the above symposium, your al-Bakri fella doesn't say removing the zeros means "bringing in the larger notes". He simply states a revaluation, but considering the amount of dinar currently in circulation his "example" above would mean after the rv, Iraq would have more money floating around than the world combined. This is not going to happen and puts al-Bakri's scenario in a "suspect" class.
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CDAQFjAB&url=http%3A%2F%2Fwww.iauiraq.org%2Freports%2FSectoralCommitteePapers%2FThe-paper-of-the-Committee-on-Economic-Policy-English.pdf&ei=uZiLT8TrH-bc2AXIuIXDCQ&usg=AFQjCNEpmB3XmJ_yn9CLu60nslktqFcOBQ&sig2=G3Fs_2wMq-vjLkoAfOdoVQ try to make some sense out of this document maybe you will get the education i have received by researching
ReplyDeleteLink no good.
Deleteor maybe this one will help your understanding http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en
ReplyDeleteThis is old and is junk for an arguement. It's a STUDY. This is almost as good an arguement as Steve thinking the article which states the PLAN to remove the zeros is concluded means the actual plan is concluded.
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DeleteNot sure what your point here is. This just talks about studies and principles of deleting the zeros. Yes the title says the bank has completed 50% of the project to delete the zeros but it doesn't state anything in the article itself other than studies and principles. Now taking the title and putting it with the context of the article, completing 50% of the project probably just means the bank had a "bullet list" of tasks to do, like compile numbers or gather info on account statuses and so on and had only had completef 50% of what they needed to even come up with the plan to delete the zeros, which subsequently, yes you're right, Parliament did finally aprove BUT ONLY after 2 1/2 years of the bank dragging their feet to finally completing that "bullet list".
DeleteYou don't know what plan means, so it's not surprising that you don't know what preparations means.
DeleteI will take the next two months, May and June, to complete preparetions to climb Mount Everest. I guess according to you by the end of May I'll be well up the mountain.
you'll need to c&p in your browser as links don't seem to work from here
ReplyDeleteOk, so lets say Iraq Rv's 1 to 1. Iraq now has 20 or 30 trillion dollars worth of dinar in circulation. Can someone please explain to me how that will not cause massive hyperinflation essentially leaving Iraq in the same position they are in right now.
ReplyDeleteIsn't that how it works over here? The more money the FED prints, the higher inflation rises, and the less purchasing power our dollar has. How does this help Iraq?
And if a country can just RV their way into wealth, then why doesn't the U.S just RV the dollar?
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DeleteAre you being serious right now? This is nonsense and you have proved nothing. How can a country as messed up as Iraq have the strongest currency in the world? That is insane. All you have posted are articles about Redenomination. Your scenario makes absolutely no sense. How anyone can or will believe this load of nonsense is beyond me. You must be reading about a different Iraq because the Iraq I'm reading about and have witnessed first hand is out of control. Good luck with your beliefs
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DeleteI'm sorry Steve. And here I was trying to be nice to you and you have to go and say something like that. I don't need to provide links. You are providing them for us. It's your interpretations of those articles that are being disputed. Some are wrong and some can be seen differently. It is the point of some here to show that your opinion and yours alone is NOT the only one nor the right one. Boy you and kap are two peas in a pod. The point being, you BOTH keep saying Iraq WILL NOT LOP and to be quite frank with you, thats crap. They can and probably will. It's the likes of people like you and kap who are probably hurting people in this investment the most. You two have worked hard to make yourselves appear to be the good guys and base your opinions on "facts" with facts being, your precious links, but the problem does not lie with the lack of links to articles, it lies with your interpretations of them. You have people believing you because you provide links and you do, good job, but you twist those articles and you cherry pick those articles to fit your agenda and to tell people exactly what they want to hear.
DeleteOk, so the money supply will be dropped to 25 billion. Dinar investors alone will have an estimated 3 to 5 trillion after an RV. How will Iraq pay those investors? Aren't they a pegged currency backed 100% by reserves?
ReplyDeleteAnd Iraq's oil production is 3 million bpd, not 3 billion
Deletehttp://www.reuters.com/article/2012/03/05/oil-iraq-idUSL5E8E518I20120305
Same goes for your other oil production numbers. They are in the millions, not billions. Iraq's long term goal is to produce 12 million bpd
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DeletePlease show us these contracts that were signed for oil credits. Show us proof on how you know this to be fact
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DeleteEvidence.....? What evidence have you shown other than redenomination articles and opinion. You can't even show proof of your lie about contracts being signed. My evidence is what the cbi has stated over and over again amd my evidence also comes from cbi website amd it's financial indicators.
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ReplyDeleteThis is from your post a few minutes ago.
DeleteA country cannot just RV itself into wealth. This plan has been in affect since 2005 and Shabibi has been very adroit at controlling the rate of the dinar while the country has come back. Oil production is now approaching 3 bpd billion and will go to 6 and then 12 within 5 to 10 years. They are not RVing themselves into wealth
Are there 2 Steve's posting in here?
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DeleteOk, fair enough. Do you have evidence of these contracts between the U.S., France, Britain, China?
DeleteAnd also, back to Sam's question. How are you going to get from 25 trillion dinars to 25 billion dinars without a LOP?
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ReplyDeleteIraqis reserves cover all of it money supply 100%.....do you know how currencies work?
DeleteI like how you said forget about proof of contracts. Just stop already
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ReplyDeleteI don't have to present proof of an rd.....you have done it for us all night with your links. You are twisting the articles as you want to. The cbi clearly has stated that 25,000 old dinar will equal 25 new. It doesn't get any clearer than that. You are out of control
ReplyDeleteShow me where the CBI stated that. You cannot.
DeleteYou know how you state to do your homework. Well do yours. There are tons of articles saying 1000 old will equal 1 new or 25,000 old will equal 25 new. I'm on iPhone and can't copy past link but they are there. Maybe Sam can help me out and post the articles. You will be proven wrong and we are all waiting for those signed contracts. I'm sure you'll have some lame attempt to skirt out of it
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DeleteAgain I don't have to show you rd articles....you have done quite a job showing us already. All your links were rd links. Thanks for doing my homework for me.
DeleteHow about those signed contracts............lies lies lies
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ReplyDeleteYour first paragraph here is pretty ridiculous. You are wrong.....very wrong. I foresee many more awards coming your way. The CBI has stated a 1000:1 exchange many times and that they will coexist until rd is complete. THAT'S HOW REDENOMINATIONS WORK GENIUS!!!!!!!
DeleteIt's clear you get kickbacks to spew out this garbage you call research. Again you are part of the get team which besides okie are probably the laughing stock of the dinar world and you responses here prove it. There's a reason why you recieved this award and you are showing it. Just stop now cause the hole you're digging is getting deep
"In 2010, the Central Bank of Iraq announced their plans to redenominate the Iraqi Dinar to ease cash transactions. The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) would both be worth the same amount in US Dollars."
Deletehttp://www.xe.com/currency/iqd-iraqi-dinar?r=6#additionalinfo
True, it doesn't say that 25K old will become 25 new, but it does say that 1,000 IQD pre-denom will become 1 dinar post-denom. I think most people can do the math.
Thanks sam. As I told Steve they said a 1000:1 exchange as well. Steve if you want anymore articles about this just go to james site and go to the LOP section. Plenty there for ya. Thanks again Sam
DeleteYou're quite welcome. And thank you for keeping it civil .... sort of. LOL!
DeleteI thought I did a god job of keeping it civil. Sometimes the stupidity gets to you and you can't help it lol
DeleteI see Steve did damage control and deleted all his responses. Lucky for him I saved them all on my iPad by snap shots.
DeleteWould someone email me the responses Steve deleted? I see he isn't the stand up guy everyone thought he was. Or if you are on curruncy exchange, just message me the responses. Thanks.
DeleteI took snap shots of most of his responses. Give me email and I'll send pics
DeleteOk, so they will be taking in the large denoms and destroying them right? Why would they destroy 25K notes that will soon be worth 25 thousand dollars? Seems like a waste of money.
ReplyDeleteAnd to the evidence of the contracts. Why can't you provide it to me? I think that would cause anyone on here to rethink their position. It may not change the position, but it would certainly provide a great deal of validity to your argument.
You really think this guy has proof of his made up lie of contracts. If he did he would have just shown it by now cause that right there would be all he have to do to make his fantasy real
DeleteNo. I would think that if he did he would have shown them by now. I also think that he wouldn't be the only guru in dinar land to have their hands on it either. If proof of those contracts existed the price of dinar would skyrocket based on the impending RV.
DeleteExactly. This guy just needs to stop. He's embarrassing himself
DeleteAlso according to Steve it does not matter if the CBI is telling the world they are RVing because they don't care what us speculators hold and that they have a plan. What a joke
DeleteAnd think about this. An Iraqi walks into a store with a 25K dinar the day after the RV and buys a soda for 1 dollar. Is the store clerk supposed the hand the guy 24,999 dollars worth of dinar in change?
ReplyDeleteOr what about this scenario. An Iraqi guy walks into a store and spends a 25K note on a tank of gas and a loaf of bread. The following day the dinar RV's. Had the Iraqi guy waited just one day he could have bought himself a brand new car and a hooker with the same 25K note. You think Iraq is bad now. There would be massive riots and bloodshed if that happened.
I'm pretty sure Steve knows how ridiculous he sounded so that's why he deleted all of his responses. He realizes his followers may read this and he'll look worse than before. Poor Stevie. Don't run and hide.....we want this signed contracts
DeleteIMO, THERE IS NO RV. THE IQD IS A SCAM PERPUTRATED BY BABY BUSH WITH HIS PRESIDENTIAL ORDER AND THE FEDERAL RESERVE TO FLEECE IRAQ OF THEIR RESOURCES. IF A RV WAS TO OCCUR, IT WOULD HAVE HAPPENED YEARS AGO....WE HAVE BEEN DUPED. BUT HEY IT WAS AN INVESTMENT GAMBLE THAT IS A BUST.
ReplyDeleteDETAILS ARE NOT IMPORTANT NOW FOR THOSE THAT BELIEVE. Says Bulldog75 in Okie Oilman chat. LOL!
ReplyDeleteSince Steve has removed all his posts, I am not sure if he is claiming that "The USA will redeem Dinar into the Treasury and/or Federal Reserve, then use those dinar as credits to buy oil from Iraq"
ReplyDeleteIf you're not, well none of this applies. If you are, you're wrong, and here's just a few reasons why....
First, the treasury, the fed, of the government doesn't buy oil for industry. Aside from the normal usage for government entities and the National Strategic Reserve, the government doesn't buy any oil, and the oil purchased for the Strategic Reserve, by statute, has to be domestically produced.
Second, all oil is not alike, Texas Light Crude is not Saudi Sweet Crude, etc... and oil refineries are very specialized processing facilities. Think of the turmoil that happens twice a year when some states change blends of gasoline for environmental reasons. The fact is, the refineries in the USa are for the most part only capable of processing US, Canadian, Mexican and Venezuelan crude. There are some on the west coast that process middle east oil, but it's a very small component of the US usage. Middle East oil goes mostly to Europe and Asia.
And finally,for now, do some math. Iraq's M2 is roughly 60 trillion dinar. Don't fall into "notes in circulation" because you can't revalue the currency without revaluing the funds in banks, electronic accounts, transfer accounts and other funds that don't physically exist but are still part of the money supply. As a pegged currency, the CBI needs to have hard currency reserves to back at least a ratio of the stated value of the money supply. If you think about it, the "official" rate of the dinar, or any currency, is how much in dollars (euro, yen, yuan, pounds sterling, what have you) they will redeem their notes for. Of course, this means that they have to have that amount there in order to pay all comers who wish to cash in. Iraq has, last I remember, $65 billion. A very simplified way to look at it is take all the money supply and divide it by the reserves. The reserves are the sum total of the liquid wealth of Iraq, the value of the dinar is just how it's divided up. For the currency to appreciate, they have to increase those reserves. (as a side note, this also illustrates the myth that a higher value is good for the people of Iraq. A higher rate means they are willing to exchange more of their reserves, moving that wealth out of Iraq, for any dinar anyone wants to cash in. The higher the rate, the higher the cost to Iraq. You have to get the money to make dinaridjits rich from somewhere, and that somewhere is Iraq)
Yeah, I've wondered about how an RV would help the typical Iraqi citizen. I think we can all agree that they are poor and it's more than probable that they have little to no savings. I mean, what's their average annual income, 5 thousand dollars? So what is their income after the RV? It would be 5 thousand dollars right? The only Iraqi citizens that would benefit from the RV are those who have excess dinar, and that's if they don't get killed and robbed by their neighbors after the RV.
DeleteNow, back to the math, if Iraq RV's at $3, that means that if everyone holding dinar wants to cash them in, CBI needs to come up with $180 trillion dollars. That's not just an absurd figure, it's more money than exists globally, 12 years of the US GDP, enough to buy every ant in South America a BMW, insert your crazy example here.... But even assuming that money in those quantities existed, how much is the sum total of oil sales across international borders in a given year? Iraq is gonna pay this all with oil money, right? So, the top ten users of crude oil collectively use 90% of the total, about 50 million barrels a day. A hundred dollars a BBl is $5 billion a day TOTAL USAGE plus the rest of the world makes it $5.5 billion...that a little more than $5 trillion annual oil revenue from all countries to all countries. So assuming Iraq puts the rest of the world out of business, and supply every drop of oil on the market, it would take every dollar of their oil revenue for 90 years to fund the $3 RV. Nothing left over to pay their government, for the rest of their economy, no paychecks for workers, it's all gotta go towards taxes and fees related to financing the CBI money supply.
ReplyDeleteI could go on for hours on this stuff, and if Sam will send me a pm or something I'll give him my real name and stuff so he can verify I'm qualified to speak on this. (No I won't make it public, I'm not selling anything or asking anyone for a dime, so screw you, I can do without the foolishness you open yourself up to when you put your personal information on the internet).
The point is, y'all talking about some big RV of the dinar are making slightly less sense than UFO Abductees going on about anal probes. And you're damn near as funny. The Dinar will be reissued and the new value will be give or take $1.17. You'll have to exchange your old notes with three zeros for new ones without, so yes, a 10,000 dinar note will be the same as a 10 dinar note. Over the course of a few years, maybe 5-7 years, the rate will settle down to about dollar parity IF (big IF) the country doesn't erupt into chaos, war, flamboyant homosexual political demonstrations or whatever....
Y'all been had. Nuff Said!
There is a typo in the above post. The Global Annual Oil market is a tad over $2 trillion, not $5 trillion.
ReplyDeleteWOW... I was not online for the better part of the day yesterday, so I did not see this post, but boy did this post stir a debate or what!!?? LOL!!! 133 Comments so far!
ReplyDeleteSam, great post, but it seems I have a LOT of catching up to do to see what the comments were. In just scrolling through, I do see that this "Steve" deleted all of his comments. I am assuming that this was Enorrste aka. "The Professor". I have never seen him use this "Professor" term, but giving yourself a name like that is about douchebag worthy as it comes.. lol!!!
Without reading the comments yet though, I am curious if anyone asked about the non-refundable post-RV party deposits that were taken by the site that he owned with his 2 partners. What ever happened, or came of that money?
Well, I guess, I will be reading for a bit trying to get up to speed on this debate.. lol!
Very impressive exchange, and even more interesting that "Steve" deleted virtually every one of his own posts after effectively proven wrong. He's been wrong for nearly 3 years now that I know of, and this stream of responses was even MORE wrong than usual. He might get away with that nonsense on the G.E.T. team's site, but not here. Nice job once again Sam. If more people would make the effort to come and read this blog, the Dinar house of cards would collapse fairly quickly. Montana must be sweating bullets by now. Keep up the great work everyone.
ReplyDeleteLOL! Yeah, you try that crap here and I'll release the hounds!!!
DeleteI can't believe he had the balls to come on here to defend himself. He made himself look worse. Poor fella. Glad I could help Sam. There were some posts I didn't get in time
DeleteSadly Adams sheep still don't seem to care that they are being taken. He is still posting like nothing happened. Some of these people are too far gone to believe anything else. Hopefully James will be put in jail in the future but as of now dv is still filled with lost souls
DeleteThanks for the update to the post Sam!!! That was a sad attempt he made to delete his posts so that he did not look as bad in front of any of his followers that may read this. I think he has shown his true colors here finally...
ReplyDeletesteve, why did you delete your posts? that makes this whole thing look like a complete joke now. why didn't you continue to debate? steve, your move was douchebag worthy, while this was happening i was sort of impressed that you were standing up for yourself, then you did a huge u-turn into the toliet. come on ennorste you cant delete your posts.
ReplyDeleteHow were you impressed that he was sticking up for himself.....all he was doing was making up bogus claims and lies. He posted links and tried to twist them around to fit his lies then after he realized how dumb he looked he deleted them. Reminds me of someone else that does the same thing......
DeleteIt's a common theme here in dinar land. People come here to try and defend their position and they end up making themselves look worse.
callingfoosout.. it is one thing to come in and defend your position, in fact I appreciate a good debate, especially when we can get to the facts, and in this case, it would appear we can see who clearly made the valid arguments that were able to be supported, but it is another thing when people like Enorrste then goes ahead and deletes their posts because they wanted to try and hide how incredibly, and irresponsibly wrong as was the case with Enorrste here.
DeleteGood job, and good thinking in advance with copying those posts by the way! Thank you. That is a pretty good way to identify a professional pumper though, because a person can be wrong about an opinion, that can happen understandably, but a professional pumper would never want to have a trace of evidence out there that proves them wrong, as it hurts whatever agenda they are trying to achieve. That would most likely explain why he deleted his posts.
Curious Sonny...you have held the same beliefs as Steve and made many of the same arguments for why they will RV and not RD. Do you think Steve's arguments are valid and that the articles are referring to a RV instead of a RD?
DeleteWhen you admit that you were wrong on breitling and I being friends, and admit that all the garbage you spewed the other night was purely a guess which it was then I will address your question. Until then I have nothing to say to you. Oh ya callingfoolsout this isnt intended for you, so you dont need to comment
DeleteOh and jmw, Med says hello
DeleteSo does James and he is still so happy he still getting away with the con as planned.
DeleteNot sure why it matters...have I seen you post that breitling was a "good guy"...yes you have posted that in the past...have you since posted that he isn't or doesn't know what he is talking about...maybe you have...I haven't seen it...if you have then I stand corrected on your current beliefs. As for the rest of it...none of it was a guess...you started DV with Adam (you told me you ran it) you are also clearly associated with med...both adam and med are known pumpers. you have stated many many times that you have direct contacts that predicted an upcoming revalue....these aren't rumors these are your direct contacts. You may fool some with your "hey I'm just trying to help" but based on your history and your associations i think it's pretty clear what you are doing....why not man up and try to answer some questions?
DeleteThanks jmw......sonny does a great job of playing the good guy when he is clearly guilty of associating with con artists. His act has gotten better with sticking up for loppers and others but anyone who has followed this guy knows his real intentions. Sonny give up the act already. You have a history of pumping and lying. You get posts deleted to cover your tracks and you are always on damage control.
DeleteWhen you admit Adam and med are frauds we can begin. I know more than you think I do. You keep denying your other fight with med that happened a few months ago as well when many dv members read your rant about med and his wife laughing at its members at how gullible they are. You deleted that thread and claim to only have 1 past beef with him which you and I know is not true and I have proof of many things you claim as false. The evidence is building and I will eventually email Sam everything for him to post. You do see what I did when Steve tried to cover his tracks. Same for you.
callingfools, the disagreement with med was 2 almost 3 years ago, it was in 09. if your going to stalk me still, can you at least buy me dinner first.
Deletemaria, no offense, but your posts do not make any sense, it would be well advised to use a comma, or period at some point.
jmw, i like the fact you are all nice and respectful to me on dv, then you come on here and bash away, it is kinda pathetic, mostly sad.
i am not adam montana, and will not speak for him or anyone else, ask him if you have a question.
jmw, what are you getting at, i have been wrong, you keep beating a dead horse, i have been wrong, your beating a dead horse, i have been wrong, your beating a dead horse. what do you want me to say, my guys were right about the goi, in fact they called 1 month out to the day, was i pumping then?
and i also agreed on the fact that i am st st stupid because i fully believe that it will rv, never as sure as now considering the maliki wants to take over.
i am nice to the lopster crowd, because i respect people.....
calling, oh no, your going to copy my posts. it truly shows your intelligence level.
hey calling, how come sam, leg, and jayp are respectful, but you continue to act like a complete d-bag. seriously?
You are still lying about your recent fight with med.....I love it.....at least you stick to your lies. We will see who has the last laugh
Deletewhy dont you ask sam, he know when it was, then maybe you can stop acting like you know everything
DeleteEveryone knows about the first fallout sonny. You had another recent one so stop the lies. You are a con and anyone with any sense knows that. You are associated with known frauds so stop. You know they are frauds so stop. Just cause you gave Sam info about yourself doesn't mean anything. You work with frauds.
DeleteStop claiming the one time you were right. Anyone following the real news knew what would happen with M and A so stop acting like you have top notch intel. You have been wrong 99.9% of the time.
Sam has many chats with you posted in his archives where you are clearly pumping so again stop. You are not innocent.
You always find a way to skirt around everything and instead of answering questions you turn things around and change topic.
You are a hypocrite just sayin. To each his own.
we did not have a recent fallout, could you post were it is, because i would like to see it, i am a con? how? i dont make money on the dinar, i do not sell dinar, so what do you want me to stop? i have been wrong a few times, and have admitted it. what question have i turned around? i will not speak for anyone else, so i am turning questions around? i think it is going to rv, so what other questions do you want me to answer?
Deleteplease stop getting flustered and making up lies. ok.
You are hilarious......you are digging and digging.......have a great day sonny. Lol
Deletewhen was our other fallout? i was unaware of it, if you could post it, it would be great. thanks
Deletei am a con? how? and dont say your stock stupid answer of STOP.
seriously how am i? i dont make money off of the sites, i dont sell dinar, and i have admitted being wrong when i was.
you know i have a lot of friends that believe it will lop, and when i talk to them, they think the reason why no-one listens to your guys's reasoning is because of people like you, making false accusations, thinking your smarter than you are, and acting like a down right fool.
seriously.
how do i skirt around questions? i will not speak for others, and i fully believe it will rv, so what other questions do you want answered?
seriously calling and i mean this, you really are starting to make yourself look really dumb with your stalkerish ways.
hey, if sam thinks i am shady and doesnt want me to post here i will go.
Deletei would rather talk about the dinar, then defend myself.
if what you guys were saying about were true then i could understand, but they are all guesses, and or flat out lies. especially from callingfoolsout.
sonny1 speaks and the rehabilitation begins
ReplyDeleteI couldn't of said it better myself.
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Deletewho is "sn1". Is this Enorrste? If not, why would you want to put your personal information out there, and who said something to you that prompted you to issue such a challenge? You should at least identify yourself, and what you are referring to here...
DeleteWe don't put personal information about people on this blog. Even when I identify scammers I just link to the information that's already out there. I don't post their addresses and phone numbers.
DeleteRight, which is why I was curious if this was Enorrste, and what the intent was here of putting this personal information out there. Quite an odd thing to do...
DeleteNo, it wasn't Enorrste.
DeleteInteresting... that makes the post all the more strange then.. LOL! Thanks for the clarification..
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ReplyDeleteI did remove my comment because it did reference some of what sn1 posted.
DeleteSemed like he thought he could get further with you, calling, than me. After a point in time, he just stopped responding to me. He couldn't find anything to stump us on. Oh well. Those are the ones I love to hit up. The ones who everyone else thinks are such good people and only deal with facts. We all know people like Okie and Bulldog and too many others to name are full of it, but the ones like John and Steve and Bondlady, they are the ones truly pulling the wool over peoples eyes.
ReplyDeleteOh I know Steve is full of it whispering.....it sucks I'm not able to copy and paste from my iPhone to this blog. In out of town and wish I was near my computer....his attempts were pathetic and he blew it by the pumper line of signed contracts for oil. I knew he would eventually delete his posts do that's why I snapped shot his responses.
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ReplyDeleteDon't post addresses and phone numbers on this blog.
DeleteIf these gurus are intentionally misleading people and making money doing it then they get exactly what they deserve. Because when the music stops and there's no RV these jerks need to be held accountable.
ReplyDeleteTheater of the absurd! I just read this, and then realized that the time it took me to read, I could of had some bacon......
ReplyDeleteDoes this Steve person have any other aliases?
ReplyDeleteSAM... keep an eye on Hammerman. This guy is even a bigger liar than Okie. He is stupid, too. So, tripping him up on his stupidity will be easy. He actually states that the 3rd highest person in WF calls him with intel.. He also has proclaimed on a phone call that he has conf calls with shabibi and legrand. just the three of them. But he does have sizable koolaid drinking following.
ReplyDeleteThis is the kind of a stuff that just makes me mad:
ReplyDeletemiklln to BEAR5642: I hate being direct, but the letter I got Thursday from my bank was stating that I had 30 days to bring current or they will foreclose on my house. How does the chances look of me walking itno them and saying here's the entire payoff.
BEAR5642: MIKLLN I WISH I COULD HELP YOU HOWEVER I AM NOT GIVING DATES OR RATEIS ANYMORE BECAUSE NO WILL KNOW THAT INTEL
People can't pay their bills, but will listen to a bunch of strangers that they will be rich very soon......WAKE UP PEOPLE.....here is the link to the whole chat.....Okie's site needs to be shut down.
http://www.dinarrecaps.com/1/post/2012/04/bear5642-in-chat-at-oom-tue-morning1.html
Sadly, those are the ones that will defend those shysters tooth and nail. Nothing can be done since they choose not to face the reality of their ignorance.
DeleteSonny, just wanted to bring it to your attention. I know there is this new thread posted about Steve and it seemed we moved onto someone new, but, there are still some unanswered questions for you left on the Montana Trail (part 3) if you could address them for us, it would be greatly appreciated.
ReplyDeleteGood luck getting answers to those questions
ReplyDeleteI will answer for you. Adam Montana is a liar. Adam Montana knows absolutely nothing about currencies, let alone the dinar. Adam Montana never made any money on the alleged Kuwaiti RV. Adam Montana is scamming people out of their money with his VIP membership and ebook. And I find it highly, highly unlikely that Sonny knows nothing of this.
ReplyDeleteI ask sonny to answer them because I do not want him to forget he has unanswered questions lingering. He makes the attempt to come into "hostile" territory to be the "stand up" guy and state his opinions and answer questions. I don't want him to think just because he avoids the questions or ignores them and doesn't answer them, they will just go away. The "If I can't see you, then you can't see me" adage doesn't apply. Even though he stops posting on one post and we move on to another which doesn't pertain to him, doesn't mean he can just pick back up posting on the new ones like nothing ever happened previously. The longer he goes without answering the pertinent questions from before, the more guilty he looks.
ReplyDeleteGuilty? Of..............
DeleteGuilty of possessing previously undisclosed information. Guilty of knowing James was lying about his education of knowing he was lying about his claim of making money off the Kuwaiti dinar rv. Guilty of knowing James made up his bogus intel and then charged people to receive it only to line his and maybe others pockets. Having said yourself you helped start dv and are still there as a mod with benefits status if you knew these things, it means you condoned it and having been associated with that website and helping run it, you are guilty by association.
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ReplyDeleteHi Sam, I thank you so much for all you research.
ReplyDeleteI invested in the dinar 8 years ago but it was only recently that I became suspicious about the whole thing, what triggered that suspicion was all the BS I kept on reading from Adam Montana.
Now I find my self having to tell others, whom are in and deeply invested in this scam.
Sam what do you know about a website call: Iraqi News? this is a website that has to be translated to English. The reason why I ask is that dinar victims are claiming TRUST in the news they received because is NOT coming from Adam Montana but instead it is a neutral source of info.
Sam I so much appreciated you shading some more light my way. :)
My pleasure. I don't know much about Iraq Business News. The one thing I do know is that they have made fun of the dinar investment on the last two April Fool's days. I don't read much dinar news myself, but when I do it's usually from a western news organization rather than an Arabic one. IBN seems like a legit publication to me, although I prefer to go by things like IMF documents, DOJ documents, CBI financial statements, and time honored principles of economics - all of which contributed to my current views on this "investment".
DeleteBy the way, are you "carlablum" at Dinar Vets?
Hi Sam,
ReplyDeleteI did see in the Iraqi News that they made fun of dinar investment although I was talking about the Arabic one. I have a friend who is blinded by the investment opportunity and I am NOT able to change that way of thinking despised all the principles of economy. Sad :( I thought that if I could discredit that webside it will help to open the eyes.
No, I am not carlablum on dinar vets,fyi: I never paid them a dime for their VIP membership....I almost did at one point but I did not like to be push around and that is the kind of pressure they were putting on members, creating urgency to be an VIP member to get the most important info on the great fortune that people are about to get...any minute... I rather not say the name just so that I can get the latest on their BS and keep an eye on my friend. I will how ever contact the FBI internet fraud Dept to see if there is anything they can do. Thank you Sam very much for your replay.
Hi Sam, Sorry for asking this question but what does "IMF documents " means?
ReplyDeletethanks :)
I don't know anything about any Arab news organizations. To me they're unreliable and irrelevant.
ReplyDeleteIMF = International Monetary Fund. They oversee Iraq's monetary issues.