This was a hectic week with the discovery of the videos that gave us a positive ID on Adam Montana and the furor that ensued. I didn't have the usual amount of time to listen to and read through the typical guru BS. From what I did see there really wasn't much going on. The only thing that jumped out at me was Enorrste's response to American Contractor's comments on the suspension of the deleting of the zeros.
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 Not only have most of the large notes already been withdrawn (Shabibi stated so) but the few that remain will disappear after the $1 RV, probably in the near future.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 Shabibi never stated that most of the large notes have been withdrawn.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!