Breitling Speaks

I just listened to Breitling's response to my post last week entitled "And the Backpedaling Begins" and I feel that I have to respond. 

1. Breitling takes a jab at these loppers who are holding onto dinar "just in case".  Okay, maybe I need to clear some things up.  While I can't speak for others I've never told anybody not to buy dinar and I've never told anybody to sell, nor have I called it a scam.  From my very first post entitled "RV Reality Check" I have stated that this is a risky, speculative investment (unlike people like Breitling who have presented it as a 100% sure thing).  Yes I still own dinar, but not nearly as much as I once did and that is because I know a hell of a lot more about it than I did when I first bought.  I am holding on to a small amount just for kicks - no more than I could afford to blow on a weekend in Vegas.  I have always acknowledged that Iraq might decide not to lop, although a lop is clearly what they've been describing when they refer to removing the zeros.  (Ali confirmed that fact in his recent interview with Roger.)  If they choose to go the RV route then I've got a shot at making money here.  Although I know from my research that revaluations of 100,000% don't happen I do think it's possible that Iraq could RV at an unprecedented amount of 100% or more.  In other words I could double or triple my investment.  The problem with the pumpers isn't that they're saying we could make a profit off the dinar.  The problem is in the way they are presenting how revaluations work which is absolute fantasy.  Anybody who suggests that a revaluation from $.00086 to $.86 is realistic with 30 trillion in circulation or that Iraq is going to reduce the money supply to less than a trillion without an RD (lop) is either lying or deluded.  When I say I'm holding on to some dinar it's not because I think I might become a millionaire.  It's because I have weighed the risk (remember there's no guarante that US investors will be able to exchange our dinar for USD or the new dinar after a redenomination) vs. reward and arrived at an amount that I feel comfortable risking which ain't much, I assure you.  It's certainly not $40-50K like Breitling suggested. Ali has stated more than once that he expects to see the dinar slowly increasing in value until it is worth a penny, and at that time he will open his cash-in centers.  If they don't lop I think Ali's scenario is much more believable than the overnight millionaire crap.  That's the reason I still hold some dinar, because there is a possibility of the dinar being worth considerably more in the future, albeit somewhat of a gamble.  It doesn't mean I think Breitling might be right about turning $1000 into a million. Nor does it mean that I'm "screwing" with anybody.  And I'm certainly not working for any dinar dealers since I have repeatedly raised the issue of illiquidity.  How anybody could conclude that my comments would motivate people to buy more dinar is beyond me.   
2. Breitling says that I'm misrepresenting what he said.  Okay, let's review what he said in the first 14 minutes of this video.  "If they don't follow through there's nothing I can do about it."  "If you're prepared to jump out of the window because you didn't make money off this investment and you're gonna throw a little fit and all that stuff, you should have never been in this investment in the first place."  "You always have to consider that this could be a disaster. That's investments. It's time to grow up."  Exactly how did I misrepresent him?
3. Breitling is spinning it that if Iraq doesn't RV to around $1 it's because they didn't do what they said they would do, and it's not because Breitling is continually misrepresenting what they've been saying.  I don't think the CBI could be much clearer about their intentions to lop.  They've said it over and over again.  They want to replace the IQD with a new currency at a rate of 1000:1.  They want to reduce the money supply in the process.  They want to ease cash transactions.  This won't change the purchasing power or the savings of the Iraqi people.  It will just make things easier.  Nobody gains anything and nobody loses anything (except for investors who paid 20% more for the dinar that it's worth).  This is my biggest beef with these guys.  They're taking statements about a textbook redenomination and trying to make them mean an unprecedented and quite impossible revaluation to 1000 times or more the current value that will make people millionaires.  They're exploiting novice currency investors who aren't sophisticated enough to see how ridiculous it is to believe you can get rich off an RD. 
4. Breitling says that these guys posting against him and the dinar came over from IIF (Investors Iraq Forum) and used to post on Dinar Daddy.  I've never posted on or even joined IIF.  I did join Dinar Daddy only to gain access to something but I never posted there.  I don't know who Breitling is referring to but whoever these other guys are I've never met them.
5. Breitling says I'm trying to bury him.  I'm not out to bury anybody.  I'm just out to present facts to counter the hype and truth to counter the lies.  I'm out to bury the BS about the dinar, and if you're clinging to the BS you might get buried in the process.  It's nothing personal.  Just collateral damage.

The main point that I wanted to address last week was that Roger admitted that he took time off to work on a plan to service his customers in the event of a lop.  In my opinion there's no way he would be doing that unless he had concluded that a redenomination is a strong possibility, which is contrary to what these pumpers have been telling us in the past.   

Back in October I did a post called "Dinar Daddy and Okie" where I presented a theory that Roger got into the dinar because he thought he knew a close associate of Dick Cheney who had inside information on the RV.  That associate turned out to be the laughing stock of the dinar world .... Okie Oilman.  Since Roger had already committed himself his focus became his website and his products rather than the dinar investment itself which he apparently realizes now is likely to be a bust.  Thus the reassessment.  I wrote that post seven months ago and since I wrote it things seem to be confirming the theory's validity.  

I hope Iraq does decide to RV instead of RD.  That way I stand to make up some of the money I've lost.  But I'm fairly convinced as September approaches that the writing on the wall will become clear to just about all of these guys and one by one they'll all look for some way to cover their backsides.  Should be entertaining.

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