Saturday, June 30, 2012

Douchie for June 24-30

I started doing this blog in September of last year to address the crap that was being spewed by pumpers and gurus in the dinar community.  Since then the BS has only intensified if anything.  Speculated rates are going higher and higher, not based on anything substantive but likely just to draw traffic.  You would think that after years of useless intel, baseless rumors, unrealistic predictions .... etc. leaders in the dinar community would have had enough and would have taken a stand against it but unfortunately very few have.

Last Friday night there was a conference call where several very informed dinarians discussed the issues of liquidity and the Kuwait "RV" in a very honest and eye opening manner.  Proteus, the leader of the revalue.us dinar hub hosted the call, accompanied by his right hand man Patriot.  Other panelists included Conrad, Scooter, Enoch8, Marcus Curtis, TenMillion, Chuckles, and Russell.  The gist of the conversation is that Iraq is not obligated to exchange US dollars for dinars outside of their country, which leaves that task to secondary institutions like banks and currency dealers.  Since very few banks are even dealing with the dinar any more that leaves only the currency dealers as a means for investors to exchange dinars for dollars.  If the dealers aren't able to get in to Iraq in the event of a redenomination people who hold dinar could very well be stuck with truly worthless currency.  This is a subject I feel needed to be addressed.  After all, as long as the IQD is not internationally recognized it really doesn't matter what it's valued at.  If it goes up to $10 but you can't spend it or exchange it for dollars what good is it? 

I applaud these guys for having the gonads to take on this topic, but there were a few out there who weren't quite as thrilled to hear the subject addressed.  Breitling, Dan and Tony from PTR, and the Gatekeepers all responded with criticism, ridicule, and outright animosity.  It seems odd to me that with all of the hype and nonsense prevalent in the dinar community these people chose a conference call about a legitimate concern to express their outrage over.  Where's the outrage over Okie's weekly RV announcement?  Where's the outrage over all of the lies and rumours designed to promote dinar sales and traffic to dinar sites?  Where's the outrage over the obvious fraud that this blog has exposed to the dinar community?  Why save your venom for people trying to have an honest discussion about a very relevant topic?  I suspect that the answer lies somewhere in the fact that the pumpers don't pose any threat to anybody's bottom line.

Here's the document they were referencing.  Articles 32 was the focus of the discussion, which says among other things:

1. The CBI shall have the exclusive right to issue banknotes and coins intended for circulation in Iraq. Banknotes issued under this Article shall be the first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not: promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this Law.

Like many statements involved in this investment this is open to interpretation.  What was discussed in the call was the implications of a literal interpretation. 

The Gatekeepers chimed in on Sunday with an hour and a half filibuster from Vic1 (who referred to The Call Squad as The Shit Squad) and great economic analysis from Joey (who admitted that she didn't even listen to the call) calling Patriot a jackass and saying to him "... you disgust me."  The reason for her contempt for Patriot?  Apparently she's upset because he had the audacity to question many of the things that were presumed to be true about this investment but upon further analysis turned out to be unsupported by the facts.  She stated that he told her if there wasn't an RV by August 2011 he was going to take a break from the dinar.  What a concept!  They also seemed upset over a joke Patriot made about people slitting their wrists after listening to the discussion of the potential pitfalls of owning IQD.  I'm baffled as to how a questionable joke about bringing people back to reality is the greater sin than the constant fantasy feeding that goes on with most of these guys, GK included.

Also on Sunday Breitling responded in a knee-jerk fashion calling it "amateur hour".  He later removed that video but not before somebody snagged a copy of it and uploaded it to YouTube. 


Then on Monday he posted a replacement video where he claims that all participants in this conference call are still invested in the dinar and still believe in it.  Not true.  Marcus Curtis has announced on his forum that he has sold ALL of his dinar!  Chuckles sold most of his, too and has little confidence in it.  And Patriot says that he no longer believes in a big RV.  Breitling then goes on to say that there's no other side of the coin.  (A one sided coin?)  "Iraq is selling their currency internationally.  Countries have dinar in their foreign currency reserves.  END OF STORY!!!"  blah blah blah .....  No documentation was offered to support those claims, of course.

Dan from PTR responded on Monday with his usual stupidity claiming that the statement on the CBI website was referring to the old Saddam dinars.  Actually the CBI wasn't even around prior to the overthrow of Saddam.  Dan said he was offended because these guys disrespected all of the "real research" that he and his team do.  So Scooter, Marcus Curtis, Enoch8 ... etc. don't do real research but Dan and Tony do?  LOL!!!  I dare say every participant on that call knows more about this investment than Dan and Tony combined.  Then Dan says that the guys in the conference call said you won't be able to cash in without going to Iraq.  What they actually said was that it's a possibility that investors should take into consideration.  (33 minutes into the revalue.us call Patriot states that they're not saying it will play out that way, but you have to be prepared for anything.)  Then he went on to talk about the Kuwaiti RV (which never happened), saying that liquidity was a problem back then so Bush and Cheney set it up to where we won't have the same problem with this RV.  

Frank Bell from Dinar Banker stated in a message left for Proteus that the information presented in the call was essentially correct, although some of it could have been misconstrued.  He even stated that in a subsequent call with The Gatekeepers.  The point being raised isn't that Iraq is going to refuse to honor their currency or that they're going to pick and choose whose dinars they will redeem for dollars.  The point was that if Iraq redenominates and the banks don't accept dinar and it becomes problematic for dealers to provide an exchange service for dinar investors, there is no obligation on the part of Iraq to come over here and provide that service.  The dinar is not an internationally recognized currency and might not be for many years.  John Jagerson addressed the issue of liquidity in his videos three years ago, and now many are beginning to understand why.  Right now you can sell your dinar on ebay or sell it back to a dealer, but after the redenomination process begins what options will you have?  That's the question. 

Whether you agree or disagree with the opinions expressed in the revalue.us conference call the proper response would have been an equally honest and informative discussion of the issue rather than a regurgitation of forum facts and unsupportable assumptions based on pumper hype.  For their failure to do so the above parties (Gatekeepers, Breitling, Dan and Tony from PTR) are granted the first ever gang Douchie. 









 

Thursday, June 28, 2012

3 Currencies Set to RV

Here is an article (see link below) that I read recently.  There is a line at the end that says a 10-15% increase in currencies is huge.  I think that is a simple but profound statement.  Just to put things in perepective, an RV at $3 would be an increase of over 300,000% or about 20,000 times what is considered huge.  Now if somebody were to tell you that they know a guy who is 100 years old you might find that believable, but if they say they know a guy who is 2 million years old (100 x 20,000) you would know they're either joking or insane because they couldn't possibly expect you to believe that.  If somebody were to tell you that they know a guy who is 7'6" tall you might believe them, but if they said that they know a guy who is 150,000 feet tall (7.5 x 20,000) you would dismiss them as a lunatic.  Well, you should be just as dismissive of anybody who makes a similar claim about a pending revaluation to $3 or more for the IQD.  

Currencies don't move like stocks.  Sometimes you'll see a stock that has plummeted in value climb back up to its former value after the company gets turned around, but that doesn't happen with currencies.  It would be as devastating to a nation's economy for a currency's value to increase 100,000% as it would be for it to decrease that much because of the accompanying deflation and debt liability.  Unfortunately in times of war, sanctions, political unrest, or natural disasters a decrease is unpreventable.  But they can always keep a currency's value from increasing in a similar manner.

Countries try to maintain some stability in their exchange rates.  One well known dinar commentator whose name sounds like a luxury watch says that the dinar's current value is artificially low because their money supply has grown but their exchange rate hasn't changed.  What he has obviously overlooked is the fact that Iraq's foreign currency reserves that they are using to back the dinar have also grown.  As the reserves increase they adjust their money supply accordingly to prevent the exchange rate from increasing. 

Something that dinar "gurus" haven't really talked about too much is deflation.  Deflation occurs when a currency's value increases which means that the prices of goods and services decrease.  People are more likely to spend money that is decreasing in value and less likely to spend if it is increasing.  What happens to the economy when people quit spending money?  It grinds to a halt.  If a nation's money supply decreases it has a tendency to drive up the value of the currency.  It's Economics 101 ... supply & demand.  If there's less money and equal demand the value increases just as equal demand and more money drives the value down.  The fact is nations don't like to raise the value of their currencies.  They try to keep them as low as possible like China has been doing in recent years, because a lower currency value makes them more competitive with their exports.  Revaluations are usually only done as a result of political pressure.  Given that reality it seems pretty far fetched that Iraq is seeking to revalue by 100,000% or more.      

When we read articles where Shabibi or somebody else with the CBI refers to raising the value of their currency they're not talking about a revaluation which is a policy driven increase in the value.  They're talking about a redenomination where the currency is replaced by a new currency with a higher value and less supply.  That results in the people having a currency that is much easier to use, especially for a cash based society like Iraq.  The value of the currency is raised but there is no net gain.  No profits, no losses.  Just a simplification and hopefully a psychological boost to the people who use it.

I'm not saying that Iraq won't RV.  With the redenomination in doubt I think there's a good chance that they will.  And given the unique circumstances I think there's a good chance that any RV could be huge by RV standards, possibly even the largest in history.  But let's keep things in perspective.  15% is huge.  China's yuan revaluation (2005-2011) of nearly 30% is historic.  So keep that in mind when you're contemplating any potential returns on your IQD.  An RV to a penny (a 1000% increase) would be unprecedented.



"Bottom line: Remember that we’re talking currencies here, so a move of 10% to 15% would be huge. But these three will represent the new world order in the currency market over the coming years – and the gains will reflect that."

http://www.wallstreetdaily.com/wallstreet-research/reports/top-currencies-report.html






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Tuesday, June 26, 2012

Monopoly Money

This was posted a couple of months ago at Dinar Daddy.  For those of you who missed it I'm posting it here too. 


May 14th, 2012 10:30 pm ·

AS YOU KNOW I’M NOT INTERESTED IN POSTING & HAVE NEVER BEEN INTERESTED AS A SO CALLED GURU BUT BASED ON WHAT I’VE BEEN TOLD RECENTLY I FEEL AT THE VERY LEAST YOU MIGHT WANT TO POST THIS AS AN ALTERNATE OPINION FOR PEOPLE WHO ARE REALLY HURTING & COUNTING ON THIS CAN CONSIDER.
I WISH TO REMAIN NAMELESS AS I AM NOT ON ANY SITES OR A SO CALLED GURU, I HAVE NO INTEREST IN BEING THE 1ST TO PREDICT WHAT WILL HAPPEN IN IRAQ OR WITH THE DINAR BUT FEEL THE NEED TO SHARE INTEL I’VE RECEIVED OVER THE PAST FEW MONTHS FROM EXTREMELY KNOWLEDGEABLE SOURCES THAT NOT ONLY MAKES AS MUCH SENSE AS ANY OTHER INFORMATION WE HAVE BEEN FED OVER THE YEARS BUT IS EVERY BIT AS POSSIBLE THAT HAS RECENTLY OPENED MY EYES TO WHAT APPEARS TO SHED SOME LIGHT ON WHAT WE ALL ORIGINALLY THOUGHT WAS A GREAT ONCE IN A LIFE TIME INVESTMENT THAT MAY HAVE A DARK SIDE.
I HAVE BEEN ON THIS CRAZY TRAIN FOR OVER 5 YEARS AND WAS A VERY STRONG BELIEVER THAT THE DINAR WOULD EVENTUALLY RV AS WE WERE ALL TOLD DAY AFTER DAY & WEEK AFTER WEEK & MONTH AFTER MONTH BY SO MANY SO CALLED EXPERTS THAT APPARENTLY DIDN’T KNOW ANYMORE THAN I DID. AFTER YEARS OF BEING ON THIS RIDICULOUS ROLLER COASTER I’VE COME TO THE CONCLUSION WITH THE HELP OF SOME VERY INFORMED INDIVIDUALS THAT WE ARE NOT BEING TOLD THE WHOLE TRUTH & ARE BEING MISLEAD BY SOME EITHER ON PURPOSE OR DUE TO THEIR LACK OF ANY REAL INTEL.
IN SHORT I’VE BEEN TOLD THE DINAR THAT WE ARE HOLDING WILL NEVER “RV” OR “RI” PERIOD & THAT THIS FACT HAS BEEN KNOWN FOR SOME TIME. WHETHER YOU BELIEVE ITS THE POWERS TO BE, OBAMA, SOROS, OR THE EASTER BUNNY HOLDING THIS UP DOESN’T MATTER. THE FACTS AS THEY WERE SHARED WITH ME ARE SIMPLE & INDISPUTABLE. IRAQ IS PLANNING AND HAS NEVER HIDDEN THE FACT THAT THEY ARE COMING OUT WITH A “NEW CURRENCY” WHICH WILL IN FACT HAVE A REAL TRADEABLE VALUE. HOWEVER NOT THE CURRENCY THAT WE HAVE BEEN ABLE TO BUY THROUGH THE YEARS WHICH WHEN THE CAT IS FINALLY OUT OF THE BAG WILL BE RENDERED WORTHLESS JUST LIKE THE SADAM CURRENCY. YOU SEE ITS LIKE THIS, THE DINAR WE ALL HAVE IS LIKE MONOPOLY MONEY AND WAS “NEVER” INTERNATIONALLY TRADEABLE, IT WAS USED FOR ”IN COUNTRY” PURPOSES “ONLY”. WHILE IT WAS ALLOWED TO BE SOLD OUTSIDE IRAQ FOR REASONS WE CAN ONLY SPECULATE ON IT HAD NO VALUE OUTSIDE OF IRAQ OTHER THAN THE DEALERS THAT ARE SELLING & TRADING IT. THEREFORE AS A FILLER CURRENCY OR IN COUNTRY FUN MONEY IT IS NOT SUBJECT TO ANY BANKING OR CURRENCY EXCHANGE RULES WHATSOEVER, THERE WILL BE NO PROBLEM WHEN IRAQ IS READY TO REPLACE THE 000 CURRENCY WITH THE NEW CURRENCY THEN RELEASING ITS REAL VALUE THAT WILL MAKE IT INTERNATIONALLY ACCEPTABLE & TRADABLE WHICH IS EXACTLY WHAT IM TOLD IS ABOUT TO HAPPEN BY SEPTEMBER 2012. ALL THE BS, STALLING & RUMORS WE HAVE BEEN FED OVER THE YEARS IS DUE TO IRAQ NOT BEING READY TO RELEASE THE NEW CURRENCY AND NOTHING OTHER THAN THAT, NOT THE GOI, IMF, CBI OR MALIKI’S MUSTACHE NOT BEING TRIMMED HAS BEEN THE CAUSE FOR ANY DELAY, ARE THE DEALERS AWARE OF THIS SCENARIO? I CANT & WONT SAY BUT I HAVE MY SUSPICIONS HOWEVER FACTS ARE FACTS & DON’T BELIEVE THE WEAK ARGUMENT THAT WHAT IM SAYING IS BS BECAUSE AN RV HAPPENED IN GERMANY & KUWAIT, YES FOLKS IT DID BUT ONE VERY LARGE FACT THAT THE DEALERS & GURU SITES LEAVE OUT IS THAT THOSE CURRENCIES WERE INTERNATIONALLY TRADABLE AT THE TIME THEIR RATES CHANGED & WERE NOT SETUP AS FILLER CURRENCIES OR IN COUNTRY MONOPOLY MONEY WHICH MAKES THE IRAQI DINAR A VERY DIFFERENT ANIMAL. IT IS NOT MY INTENSION TO BURST ANYONE’S BUBBLE OR RAIN ON YOUR DREAMS BUT I’VE PERSONALLY KNOWN TO MANY PEOPLE WHO HAVE BEEN & CONTINUE TO BE REALLY HURT RIDING THIS TRAIN OF HALF TRUTHS & BS. I FELT THE NEED TO AT LEAST PRESENT WHAT INFORMATION I HAVE & SHARE AN ALTERNATIVE SCENARIO & OPINION, ALL OF YOU WHO HAVE HEARD MORE BS STORIES REGARDING THIS ALLEGED IMMINENT RV THAN WALT DISNEY HIMSELF COULD HAVE DREAMED UP HAVE TO MAKE UP YOUR OWN MINDS BUT ILL TELL YOU THIS IF MY SOURCES ARE ACCURATE & I BELIEVE THEY ARE, WHEN THE TRUTH IS REVELED YOU BETTER HAVE MANY EMPTY WALLS THAT NEED PAPERING BECAUSE THAT WILL BE ALL THE DINAR WILL BE GOOD FOR. PLEASE USE YOUR COMMON SENSE & DON’T BUY IN TO THE TOMORROWS, NEXT WEEKS, OR WHAT YOU ARE SEEING NOW THE SETUP TO STRING YOU ALONG TO 2013.         

http://theiraqidinar.com/2012/05/14/a-site-contrarians-opinion-on-rv/






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Saturday, June 23, 2012

Douchie for June 17-23

Before I talk about this week's guru stupidity I'd like to take a moment to say kudos to Proteus and the revalue.us team for a great conference call Friday night.  Patriot, Russell, Marcus Curtis, Scooter, Conrad, TenMillion, Chuckles, and Enoch8 all participated in a very frank (-frank26) discussion about this "investment".  This kind of honesty and hype-free fact-based information is long overdue IMO.  It will no doubt shake things up and make more than a few dinarians uncomfortable, but sometimes a good dose of reality does wonders.

And now to the douchebaggery.  Honorable mentions for this week:

6-19-2012  Footforward I WANTED TO...ASSURE YOU GUYS THAT THE RV IS FOR SURE 100% WITHOUT A DOUBT GOING TO HAPPEN. HOW ANYONE COULD EVEN SUGGEST THEY KNOW THIS IS GOING TO BE DELAYED UNTIL THE END OF THE YEAR IS KIDDING THEMSELVES. THAT IS NOT WHAT HAS BEEN DECIDED AT ALL. THE MARSHAL PLAN IS TO END IN 2013. MEANING THIS HAS TO HAPPEN BY JAN 2013. I’M LOOKING FOR THIS ANY TIME. MY OPINION IS NOT GOING TO CHANGE BECAUSE I KNOW WHAT I KNOW.   

THERE ARE TWO DIFFERENT AGENDAS HERE. THE BAD GUYS WANT TO GET THIS DONE RIGHT NOW AT 1 DOLLAR, OR DRAG THINGS OUT UNTIL THE END OF THE YEAR. THE GOOD GUYS WANT TO GET THIS DONE A.S.A.P. AT A HIGH RATE. THE BAD GUYS ARE LOSING THE FIGHT! THE GOOD GUYS HAVE BEEN GETTING THE UPPER HAND FOR SOME TIME NOW. DO I KNOW FOR SURE WHEN THIS IS GOING TO HAPPEN? NO. I KNOW IT CAN GO ANY TIME NOW AND I TRULY BELIEVE WE ARE HEADED INTO THE GREATEST PERIOD THIS EARTH HAS EVER SEEN!

FF doesn't think it can go to the end of the year, but here's what he said back on Christmas 2011:

We are right on top of this, it was supposed to happen a few weeks ago, but had a delay, but this delay had to happen in order for the RV to happen…then last week there was another delay. I think the RV has already happened…I believe it’s done from the perspective that it is in the system, not that we can go cash in yet. IMO Christmas Day is the best time to RV, no press, the world really isn’t watching. I do believe we are looking at a good rate, higher than $5 tied to the GBP. It’s done we are just waiting for it to show up…if not on Christmas Day…we are still OK.

Then we had Bluwolf again with this:

6-22-2012  Bluwolf RV WAS DONE MONTHS AGO NOW WE WAIT FOR THE INTERNATIONAL RELEASE. I DO NOT THINK THAT THERE WILL BE A ANNOUNCEMENT...I FRANKLY THINK THAT IF THESE PEOPLE IN POLITICAL POWER DO NOT LEAVE THERE MACHO EGOS AT THE DOOR THAT NOTHING WILL BE RESOLVE...LOOK AROUND YOU IF THEY DO NOT GET DONE ALL THE WORLD WILL FALL IN DEEP DEPRESSION WITHIN A WEEKS TIME...ALL WE WAIT FOR IS FOR THE CALL.

There was an RV back in Janurary of 4 pips.  No "international release" was needed then.  It just popped up on the CBI site.  And for the record, the world won't fall in deep depression in a week's time, RV or no RV.


This week's winner was Hammerman, henceforth referred to as HammeredMan.

Last Friday (6/15) HammeredMan and Blaino did a conference call that I thought was quite impressive. Since I didn't have the chance to review it until after I'd written last week's Douchie I'm counting it among this week's condidates. My blog, my rules, right?

Among HammeredMan's comments:
  1. Banking activity is phenomenal. IQD started off at 41 cents and went up to $1.61 on the back screen of a major US bank. Speculated rate was above $3.50. Vietnamese Dong was at 11 cents and was speculated to go up to 15 or so. Banks are saying this will happen this weekend. Since it was recorded on 6/15 we have to conclude that he was referring to last weekend which means his sources were wrong. HammeredMan interpreted this intel to mean late this week, so since it didn't happen this week either that means HammeredMan was wrong. Again. Go figure.
  2. HM got a call from Homeland Security. There was major movement of gold. About $37 billion dollars in gold and paper currency was sent to the IMF to prepay some RV debt. Another source said that was to help with Greece and Spain. Now why in the hell would Homeland Security be calling this bozo?
  3. There's been talk on CNN, ABC, and CNBC about a global realignment of currencies. Major leakage. Look for a new currency this side of the pond. Not that amero nonsense again!
  4. Smart cards are out. Everybody should have them by the end of next week. (this week) Smart cards aren't for the poor because there will be no poor people in Iraq. They'll be like Kuwait. Maybe in fifty years or so, if they don't kill each other first.
  5. We're here. All governments have signed off.  Source says nothing can delay the RV except for civil unrest.  HM thinks that could mean civil unrest in the region and not just Iraq. And of course there's always civil unrest in the region.  Arse covered. Check. 
A few months ago I made the statement that I could give jonnywg the Douchie every week and not lose any sleep over it.  Well we don't see much of him anymore but HM seems to have filled the void.  These other gurus are gonna have to turn it up a notch or this guy is gonna be like Michael Phelps at the summer olympics.





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Thursday, June 21, 2012

Maliki and the RV

Nouri Al-Maliki
This is something that I haven't addressed before because frankly I felt that it was totally irrelevant, but I read about it nearly every day and hear about it on almost every conference call and decided I should probably address it.  Is Maliki holding up the RV?  My answer is an emphatic NO!  But I need to cover a few things to explain why.

The typical scenario presented by gurus is that Maliki is a wannabe dictator, and Shabibi refuses to revalue the IQD until Maliki agrees to share the power.  The vote of no confidence that we're all hearing about is supposed to pressure Maliki into agreeing to share the power (I think) and if he doesn't agree he'll be removed and the new PM will play ball and then Shabibi can RV and we'll all be rich and live happily ever after.  At least that's the way I understand all of this.


Sinan Al-Shabibi
Here's the problem.  First of all Shabibi has never said he was going to revalue the dinar.  When he was in DC last year he was asked about revaluation and he said that they might adjust the exchange rate if inflation got too high.  Then in January the rate was moved from 1170 to 1166.  Whether that was triggered by inflation or not I don't know, but any inflation-related revaluations will likely be similar adjustments rather than a 100,000% increase like many gurus are saying.  When Shabibi and the CBI talk about raising the value by deleting the zeros they're talking about a redenomination and not a revaluation as I discussed in "Deleting the Zeros".  So the idea that Shabibi said he would RV is nonsense. 

Secondly, Maliki has nothing to do with revaluation.  That is in the hands of the CBI, not the GOI.  When the rate moved from 1170 to 1166 back in January that was a decision made by the CBI, not the GOI.  There's nothing keeping them from making a similar adjustment right now except that they apparently don't see the justification for it.  Maliki is irrelevant in that regard.  What Maliki and the GOI do have influence over is the project to delete the three zeros that Shabibi and the CBI have been talking about for two years.  That's because this project would require the printing of new currency which has to be voted on and approved by the GOI.  At this point it's questionable whether or not there's enough support for it to pass.  But the only thing that Maliki can hold up is a redenomination (lop) rather than a revaluation.

This misconception in the dinar community has been created by clueless gurus who misrepresent what Shabibi is talking about.  They've created this belief in a mythical "RV" that will one day come and change everything for everybody.  The global economy will be reset, the nations drowning in debt will be bailed out, and us dinarians will be swimming in millions.  As a result, everybody who listens to these guys is wondering "what's the holdup?  When do I get my new Lexus?" 

The simple answer is that there is no holdup because there is no big RV coming and there never was.  It was all a fantasy created through bogus intel and flawed analysis coming from couch professors and con artists.  I'm amazed that people spend hours a day reading news articles from Iraq about the day to day political process as though that will have any bearing on anything.  Folks, all you have to do is understand a few basic things.

  1. Currencies aren't like stocks.  They don't increase in value more than a few % at a time.  If they did it would be destructive to the nation's economy as they would have a greater debt liability.  (Somebody prove me wrong here.  Show me an example of a country where the central bank raised the value of their currency by 100% or more.  And don't tell me that's what Kuwait did, because it's not.  Their central bank never changed the offical exchange rate.)  Companies love it when their stocks increase 15% or more, but countries don't want that to happen with their currency.  The idea that Iraq needs the RV because their people are poor is nonsense.  There's no quick fix here.  If Iraq wants to help their people the best thing for them is to promote education and develop the non-petroleum sectors of their economy to create jobs.  That means manufacturing and service based jobs.  Raising the value of the currency would hurt them from the standpoint of exports.  If they don't lop they'll probably keep it as low as possible just like South Korea has done over the past half century following the war there. 
  2. You can't reduce a money supply substantially without a redenomination.  This talk about Iraq reducing their money supply by pulling in the larger notes is nonsense.  We've been hearing it now for a couple of years and yet the figures on the CBI website indicate that the money supply is growing rather than shrinking.  You either believe the gurus who are never right, or the CBI and the IMF.  Boy, that's a toughie, huh?  And besides, why would a country want to risk deflation by reducing their money supply without a redenomination?  It could throw them into a depression.  That's why countries who have a currency with a low valuation resulting from hyperinflation either leave the value where it is or lop zeros off of their currency.  They NEVER pull in the larger notes, revalue, and issue new lower denoms like these douchebags are telling us will happn.   
  3. The current value of the IQD isn't artificial.  It's quite real and truly reflective of the wealth of Iraq.  Contrary to what the gurus are telling us Iraq isn't a wealthy country.  Their GDP (over 80% of which is oil revenues) is ranked around 60th in the world, depending on whose figures you go by.  They have a lot of oil, true.  So what?  So does the US, and we have well-developed non-petroleum sectors too.  We also have a well developed infrastructure, a superior military, a stable form of government, an educated populace, and much safer living and working environments.  Iraq is sadly deficient in all of these areas, and these are things that are reflected in the value of a nation's currency.    
Getting back to Maliki.  Will he stay or will he go?  My guess is that he stays.  But whether he stays or goes nobody is going to get rich by owning IQD.  I do think your chances of making a profit are better if Maliki stays and the GOI votes down the currency reform measure, but we're not talking substantial profits.  In all likelihood most dinarians won't even reach the break-even point for years, and if there's a lop they'll be doing good just to recoup 80% of their investment. 






Monday, June 18, 2012

Today's Assignment

For all of my students here at the school of Dinar Douchebaggery I have a simple assignment.  Watch this video and see how many mistakes you notice.  Keep in mind that this is Breitling so grammar and pronunciation mistakes don't count.  We're just talking about the factual statements that he got wrong.



Okay, how many mistakes did you notice?  If you said one or two you need to listen again.  If you said three or four you're average.  If you said five or six you're above average.  If you said seven or eight you're extremely well informed about the dinar and Breitling's douchebaggery but you're probably still too low.

I'm going to allow for some discussion in the comments below and then I'll add my thoughts later. 

06/20/12  UPDATE!!!

Okay, you've all had enough time to listen and comment.  Here are my thoughts.
  1. They've told us they're reducing the money supply. The CBI hasn't said that they've reduced the money supply.  They did mention reducing the number of notes, but that doesn't mean they reduced the money supply.  For example, if you had 20 one dollar bills yesterday you had twenty notes worth $20.  If today you have 5 five dollar notes you have five notes worth $25.  You have fewer notes but more dollars. 
  2. Iraq is on a dirty float and they need to be on a managed float.  As DaveD pointed out last week a managed float and a dirty float are the same thing.  B seems to be under the impression that they're different. 
  3. The IMF doesn't tolerate a managed float.  They're well aware of Iraq being on a managed float.  It's really the only option for Iraq right now.
  4. Iraq wants to get into the IMF.  Iraq is already a member of the IMF.  Maybe he meant the WTO?
  5. Iraq isn't required to comply with the IMF since they're under sanctions.  Most of Iraq's sactions have been lifted and they are required to comply with IMF oversight.  They can't publish bogus money supply figures, and if they're doing that and the IMF doesn't say anything about it their credibility is in jeapordy as well.
  6. .33 dinar to the dollar is 33 cents.  No, .33 dinar to the dollar is $3. .33 USD to the dinar is 33 cents.
  7. International business can't get involved in Iraq until their currency is worth $1.  South Korea's currency is valued about the same as the IQD and they're doing plenty of international business.
  8. WARKA bank is doing fine.  Only if you consider being in receivership fine.
My feeling is that Breitling basically just reads stuff on investing and then starts commenting on it when he obviously doesn't understand most of it.  Then he pleads with people to email him their questions so that he can get their email addresses and sell them more investment crap.  (Just a theory of course.)  And the people who fall for this are laughing at the dumb people who believe Okie!  LOL!!!!

I know some of you didn't want to waste your time listening to this drivel but I must confess that I find it entertaining.  Maybe I'm just twisted but the idea of  somebody who is this misinformed being lifted up as some kind of expert is hilarious. 



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Saturday, June 16, 2012

June 10-16 Douchie

Another slow week in guru world.  Maybe these guys are tired of me writing about them.  Or maybe their BS doesn't pull the traffic to their sites that it used to.  Or maybe (God Forbid!) some of them actually decided to get a job and don't have time for pumping any more.  Who knows?

The big story this week was Kaperoni's post acknowledging the possibility of a lop based on an article he read.  Being such a staunch anti-lopper that really seemed to shake up the believers.  Having spoken with Kap a few times along these lines I give him the benefit of the doubt on this.  I don't think he has quite crossed over to the dark side yet, but at least he appears to be willing to take a looksie.  Kudos Kap. 

Still we had a few good efforts of pumpitude.  On Tuesday Hammerman said:

info is still smoking good...imo some upper class in iraq are using smart cards...i belive announcements within 48 hours if intel is true...we should here of it in iraq...then hours later here, then days later we get to the bank...my best intel just told me should be wealthy by the june 27th...all we can do is sit back hope an wait. intel says meeting on the 15th [un] wont speed this up, not a concern for iraq...whales with over 50bil have gotten money...whales withover 500mil starting within a hour...all is still good, and all is positive. 

He followed it up on Wednesday with:

If I told you all the info I have today your heads would explode. im in contact with 10 or so whales that have cashed out. Been confirming all morning. Between this Thursday and the 20th for an RV. I'll really be shocked if we see it this week, with the way they are in timing, I feel late next week we'll see an RV. 2.72 is what I am being told. Not the offical rate, just what is on the cards for every day Iraqi citizens. Government and military will get more I am being told.

In case you dinarians haven't figured it out yet Hammerman is full of hooey.  There's no whales cashing in, no confirmations, no 2.72 RV.  As of June 20 the IQD's value will be about what it is now plus or minus a few %.

Hammerman's partner in crime Blaino chimed in with:

Apparently, and according to 3 confirmed Dinarians, some large IQD holders "MAY"..."MAY" be getting some signals regarding ..."CASHING OUT"...AHHHH...LET ME TYPE THOSE GOLDEN WORDS ONE MORE TIME.... "CASHING OUT!" Feels good just to type it out...WHHOOOO-BAY_BEEEEE!

and .....

Got some intel from my "Whale Watcher" earlier today::: Seems like our 'turn' is in the works for the next few days...That's IF all works out! He/She/They are even now awaiting a call regarding 'departure!' Said the "Whales" ought to be done cashing in today and/or tomorrow and then "WE" get our turn at bat! He/She/They doubt we will see much before Thursday mebby Friday. So...using our judgement and common sense...we should be done by mid week next week ..."mebby!"

Yeahhhhh .... mebby not!


But this week's Douchie has to go to TonyTNT from PTR.  On Friday he said this:

Tony Renfrow
"TonyTNT"
I did get told the cards are being used and what ever amount they are using today they are telling them it will be MORE on SUNDAY! ... if they are using the cards today and it is to go up higher on Sunday I would think that was an RI... ...I DID THINK TODAY SHOULD BE IT AND IT IS IF WE LOOK AT THE RI THAT OCCURRED... IF THOSE NUMBERS ARE CORRECT... IT LOOKS LIKE AN RI HAS OCCURRED AND WE ARE TOLD THAT WILL CHANGE ON SUNDAY (RV), WELL SOMETHING IS GOING TO HAPPEN ON SUNDAY....

First a little background about Tony.  After earning his Masters in Economics from Harvard Tony was VP of the foreign currency division of J P Morg .......

HAHAHAH!!!!  PSYCH!!!

Tony's  background is in MLM.  Before he and Dan scammed thousands of people away from Dinar Vets claiming that they had the real RV intel Tony's background in foreign currency was likely limited to breif excursions into Tijuana to down a few authentic margaritas that he bought with Mexican pesos.  I'm reasonably sure his list of "contacts" is just as impressive. 

The RI that he's referring to means "reinstate", as in restoring the value that the dinar used to have.  Whether that means the value before the coalition invaded Iraq in 2003 or the value from before Desert Storm or the value from before Saddam I'm not sure but it really doesn't matter.  There's no such thing as reinstating a currency's value.  I challenge anybody to provide one example of a currency that had a former value "reinstated".  From Investopedia:

Definition of 'Reinstatement'

1. The process of re-establishing the status of a person, company or law.

2. In regards to insurance, reinstatement allows a previously terminated policy to resume active coverage. Depending on the circumstance of the termination, such as failure to pay the premium, the
insured person may be required to compensate the insurer before reinstatement occurs.  

Investopedia explains 'Reinstatement'

1. For example, the government may reinstate prohibition, making it illegal to consume or exchange alcohol.

2. Reinstating the policy would provide the insured with all the benefits of their original plan. In case of non-payment, the insured may be required to provide evidence of eligibility, such as taking a medical examination for life insurance. Additionally, the person might have to pay the insurance company for the missed premium dates.
  

http://www.investopedia.com/terms/r/reinstatement.asp#axzz1xzVCcwtw


You see, currencies can be redenominated, revalued, or devalued but they are not reinstated.  Insurance policies are reinstated.  Memberships can be too.  But not currency valuations.  That's pumper BS.  (I think Frank26 started that nonsense.)  The smart cards have ZERO to do with any revaluation of the dinar.  Currency valuations are based primarily on money supply and GDP.  Other factors can influence them like inflation, stability of the government, war, and security.  But this fascination with the smart cards is all hype.  Hype that is often spouted by dinar douchebags.  Congrats to Tony for his second Douchie award.





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Thursday, June 14, 2012

Blaino's Diatribe

In The Dinar Scam's forum there was a post addressed to me the other day.  It read:

Sam...
Blaino here! I'll put this up in parts as your blog has a limit...


Part 1 I am fascinated that you could write about me without apparently EVER doing a minute's worth of due diligence... you never made any attempt to contact me... never tried to ask me a question or "interview" me in any way at all... yet you seem to pass YOURSELF off as some kind of guru "GURU" with this magical ability to separate myth from fact, and divine truth from "pumping" (never was real sure what does and does not constitute pumping) and bring the white light of truth to your followers about what might be in my mind, my motivation, my intent.
So, let's start at the beginnig, shall we.... I have a little time if you do.
I came to this dinar deal in the late summer of 2010 as many did with the intent of getting in to turn a little USD into IQD for awhile and hope for some appreciation.
The friend that got me involved sent me to this brand new site, GET Team to learn and listen. I went and did... heard a few of the calls and then the night came where TK told us it was all happening... would be on the UN website in the morning, "Cash IN Monday!" We all know how that played out!
At the time I was commenting and had even posted a few times on Dinar Daddy and been well recieved... getting mostly 50 to 80 comments per on my few posts.
Now, I had just suffered my first "Scamming"... stayed up all night and NOTHING... I was pissed off and couldn't understand why this was said if there was nothing! I posted a stinging "Where's the Beef" post and days later I was chewed up by Rodney on the next GET Team call, for 17 or 18 minutes... which I had no idea was happening as I was in a meeting.
I heard about it from several people that knew me when I turned the phone back on and as Q n A was still going, I called in and was on in less than a minute.
That was interesting... Okie liked me and called me soon after, but although I did bring his intel to the GET site for a time (as HIS!), I was never some kind of Okie protege.
Later Terry asked me to join GET on the calls because I had done some vocal impressions.
He asked me to be Shabibi for an "pretend interview" which apparently many people thought was the real thing... so controversy developed around me from almost the beginning.
People wanted me on the calls and away we went.
When I realized that all at GET was not what it seemed, I began to separate myself, & then I was flushed from the site along with my wife after challenging Terry privately on some of his professed contacts... to his credit he did have Al call a few days later... said I could come back if I would apologize publicly... for what, ... Al couldn't say... but if I would, then I could... my wife could return too... if she would apologize publicly as well.... again, for what heinous infraction, we were not told! I shared with Al that I needed to respect the guy in the mirror, so thanks but no thanks on that offer.


Part 2... I did ask him to share that were Terry willing to call and apologize to me, I would certainly entertain it... phone still hasn't rung!
TampaTom and Okie both agreed that if I was not going to be on the GET calls, neither would they... so that's how things ended there.
Days later Al informed me that Terry was concerned that I was going to open a site myself.
It took about three minutes to decide that this was the best idea I had never considered and off to the races we went.
TampaTom and Okie agreed to help with their persona's being affiliated but the costs to establish the site were all on me. A couple of guys offered to pitch in on the programming, TampaTom came up with the best name "Planet Dinar" and off we went. The software guys Myron and Chaos did a great job, we were off and running on March 19th, 2011.
In all fairness to you, Sam, I was in fact relying for a time on Okie's intel sources and Al Madden and I had some behind the scenes exchanges and sharing as well. Also at that time I had an intel circle that included other people, who that at that time all claimed to have these incredible sources... I later realized they had nothing at all... they all called it regularly, and encouraged me to do the same... based on their information, articles etc... BGG, then known as TommyMoe was one of these... always claiming to have all these great sources... Pam (ILoveMyLife)was another... retired CIA guy Chris Marsh(not so much CIA I think), SweetVirgoDinar (now SweetQueen), Tony Borgognone (Athena) Eric Ranks (Peacekeeper),  Dusty, the list drones on... all claiming to have all these contacts and insiders... and all flat as an old rotten tire!
In June of 2011, I took PlanetDinar.com to pay as the costs to operate the site were too much to bear alone, bandwidth, maintenance, ram, support,I.T., software...and I had never sold advertising etc, also because there was so much spam & porn getting dumped into the forum. I didn't think these types would pay to push that junk... and they don't, so that worked.
I had an offer from MOD seeker,(Dennis Boyle, Houston TX) a member that claimed to have been an admin for Roger Dorman to help with MOD stuff and over time he became the primary Admin with access to everything on the site and in the backend software as well.
I discovered that Dennis was a Muslim convert and we had several discussions along those lines...he telling me how true and wonderful it all was, and me sharing that using children to kill, stripping every right from all women, and the huge inconsistencies in Mohammad's personal life (pedophilia, familial murder, incestuous leanings and genocide) were worth a second, third, ...ten thousandth look! So maybe that set him off... like when the Dutch cartoonist was attacked and rewards put on his head for lampooning Mohammad in a news paper several years ago.


Part 3.... He (Dennis) was coming to my attention as a booter and banner, having attacked several friends and others that were bringing intel... later running off several of our MODs as well. He wanted more and more control and after alienating Okie, TampaTom and others he finally laid out a plan where I would turn over all control of the backend of the site to him, all intel would be cleared by him before posting, etc, etc, etc or he would write some horrible e-mail to all the site members, etc.
I don't respond well to ultimatums. So, seekr and his dreams were immediately banished, and he did try to spread a lot of crap around... safe to say that almost a year later, it's not really worth the bytes and bits it's typed on... he had me in some desperate financial straights and willing to sell the site, etc... while actually he was in bankruptcy and the beginnings of a divorce, so maybe his Muslim motivations are revealed a little more. Their book, the Muslim Book of Jihad (now renamed the Koran... or the "Holy [not so much, IMO] Quoran") makes it clear that a "true believer" can lie, misrepresent or cheat anyone that is an "infidel"...


Part 4.... Anyway, all last summer after losing all the "intel" PEOPLE WE THOUGHT WE HAD...& getting down to a small handful of "real" people in some key positions, I was able to share many things well before they were anywhere else, that then happened...
We called the troop pull out in July for sometime after Sept 22nd, and revised that in August to after October 1st... on the 14th, Barry called it and we left.
On September 6th or 7th I told everyone that the 12th would be interesting... and on that day I was informed there was shooting and a good chance for Civil war in the Kurdistan region... there were doubters... the next day the US State department issued a Travel Advisory for the area and Iraq generally.
All last summer, I called pass after pass while everyone was saying it was about to happen any minute.... jonnywig, Okie, Bluwolf, PTR and all the rest... How about a lil credit for that?
I told people to go enjoy their Summer, not waste it in front of the PC... "Ole Pumper Blaino!"
I steered people away from the "Reserve Rip-Off Programs" from all the big dealers... and toward the only dealer with a legitimate layaway program!


Part 5 On December 17th I advised planeteers to relax, enjoy Christmas and New Years as there was NO CHANCE for any RV before the 2nd of January and little chance then as well.. on the 22nd, I repeated that again amid a din of noise from all the "Guru's" calling it for the next day, the 23rd.... and we did the whole exercise again on the 26th and the 2nd of January. "Ole Pumper Blaino".... REALLY???
I even went to a system of "Markers" to make it a lil harder for these other sites to copy everything we were putting out... Pumper? I think
www.planetdinar.com has one of the best reputations for consistency, honesty and dependability.
Our text messaging system is a one time pay, $8.95 for members... ONE TIME PAY... no monthly fees... no per text costs.... Pumper? Profiteer? REALLY?
They get up to date intel, Conference Call news, etc... as well as any significant news... right to their phones. ONE TIME PAY!.... douchebag? REALLY?
I submit that you have a lil more homework to do!


Part 6 ... finishing up!
In summation, We try really hard to be a service to our members... and to earn their continued support and respect. Out team is generous and will bend over backwards to assist members with any troubles or issues... sure NO IMMEDIATE MIRACLES... but douchebags? I hardly think so
We have given out well over 2m IQD... That's Two Million Iraqi Dinar! Contests, membership bonus's, game prizes on the site and as awards to those we felt were in need or deserving.... like our Senior-est member... etc.... But hey... it's just "Ole Pumper Blaino"... douchebag at large, right?
I have personally sent hundreds of real dollars to those in need or dumped on by life in general... and I never did it in a public way, nor have I ever mentioned it on the site or anywhere else till now.
I could go on and on.... but I tire of other people trying to make a big splash by climbing up my backside to jump from!
I resent your attacks on my name, character and the site and people that have worked so hard for others, and to build something clean and solid!
It seems to me your provocative title for this murky blog was to attract the darkest side of people's fears and worries...to appoint yourself Policeman, judge, jury and executioner ... with almost no real knowledge about the subject at all... hey, isn't that what you are complaining the guru's do.... blather about something they have little or no knowledge about... at the expense of others?
Yeah, I think that's exactly what you're doing!
Thanks for the space.... I triple Dog Dare you to publish this.... in it's entirety!
Know that I will... on BOTH of my sites...
www.PlanetDinar.com AND www.Dinarian.com ....
Clean it up where I am concerned.... and PlanetDinar.com as well... or face the facts that you are as bad as the people that you accuse... or "mebby" even far worse!

Blaino


Triple Dog Dare accepted.  My response:



4-11-2011 Blaino - made a follow up call and had permission to release it [the rate] would be above $6.18


4-21-2011 Blaino - May happen between Thursday PM (Baghdad) and morning prayers on Friday….


4-25-2011 Blaino - Best Guess: By Thursday PM (here) April 28th, 2011 …. and as I told you before $5.72 give or take the same 45 cents….I published it [rate] in early December 2010, and have NOTHING YET to deter me on rate…


4-28-2011 Blaino - Date: the prime opportunity for the RV, imo, is after 9pm central standard time tonight, Thurs, April 28, 9pm (central standard time) = all banks in USA are closed (even HAWAII)….+… About the time for morning prayers in Baghdad, known as the best time for information to be spread to the people!


5-13-2011 Blaino - WANTED TO TELL YOU THAT WE ARE LOOKING FOR THE RV TO HAPPEN BEFORE MIDNIGHT TONIGHT [last night]…HE SAYS TO LOOK FOR A RATE OVER $5.00….


*****5-16-2011 Planet Dinar.com ATTENTION AT BLAINOS REQUEST WE WILL NOT BE DISCUSSING RATE-DATE OR 3 L-ETTER GLOBAL AGENCIES UNTIL FURTHER NOTICE…THIS IS AT THE REQUEST OF & IN COOPERATION WITH OUR AGENCY’S PARTNERS’ & FRIENDS WORLDWIDE…BLAINO SUGGESTS YOU USE YOU READ ‘BEWTEEN THE LINES’ GLASSES.*****


5-24-2011 Blaino - 1. Major Bank, South East, bulking [up] on cash twice in the last 2 weeks, re-training on the DeLarue Machine (with IQD!) on Saturday, solving “IT” issues today…. now on watch…. (yes, for that!) 2. Second Major Bank (Different brand) in the land of the Lone Star… is in the early stages of “connection establishment” to the network of systems connecting all the significant Banks, prepping Staff (overtime $) and so on…. did you bring your glasses? The “read between the lines” glasses? ‘Nuff Said!


5-27-2011 Blaino - We are getting some amazing intel…we are watching closely what the morning conference will address in Baghdad. Some quite remarkable stuff has come down…would love to spill every detail, but it might hold things up… Watch the news, examine the details…the truth will make itself known to you.


5-27-2011 Blaino -  Maliki has spoken. He has stated that today the IQD will be restored to a value higher than before the occupation, and be a frontrunner among all currencies in the world. No rate or value was given. He alluded to it (rate) coming out today, Friday in Iraq


5-27-2011 Blaino - I AM CALLING IT! WE HAVE AN RV! THEY WILL POST THE RATE IN HOURS! CONFIRMATION JUST IN FROM DUBAI AL MADDEN FROM GET TEAM HAS ALSO CONFIRMED…VIA A FOREX CONTACT IN DUBAI. I SUPPOSE SOMETHING CAN STILL GUM UP THE WORKS..BUT MAN MALIKI SAID IT..IN PUBLIC AND ON TV! WELL…WHAT A NIGHT!


5-28-2011 Blaino - It appears that that we will be seeing the rate more like Sunday morning…. the ability to begin some cash in stuff next week, maybe Tuesday!


6-4-2011 Blaino -  Heard from several sources, Bagdad, Dubai, & other M.E. contacts.the RV announcement was apparently made…again!…expect to see more indications in coming hours…several confirmations that some of our millitary folks in Iraq were “Cashing In” at $5.25…could be GBP…in which case the rate would be $8.60 or so…uncertainty of that…either way me be happy!


6-7-2011 Blaino - heard from a known reliable contact that his parents went into a major banking chain branch after hearing they could exchange for $4.30/IQD and they saw the dinar on the screen for the $4.30 rate with all the other foreign currencies that bank handles (so, NOT a “back screen”) but the transaction would not lock in. A call was made to the home office, etc, etc and the people were asked to return on Tuesday for exchange.


6-11-2011 Blaino - One of our PlanetDinar.com ForEx & Stock Market Intel Guys…with a 35 year winning business track record says that Monday, the 13th, fits the mold for an “increase in the value in the Iraqi Dinar”. Poppy, Rich Queen, Okie, Myself, Gump, Dusty &…more…believe…that we “SHOULD” see the worldwide financial reset within days..this affair is not the revalue for Iraq alone…somewhere between 52 & 137 countries…”IT” must happen TOGETHER.


6-12-2011 Blaino - It seems the end is at hand…finally!…had indepth intel conferences & conversations…with our intel teams including Okie, Longfellow, Dusty, Studley, Chickenhunter, Gump, Rich Queen, Seeker, Poppy2. Here’s what we feel secure to release: 1. Major American Bank, “Noticed to be ready for Monday 13, June. 2. Electricity Minister “gets”…funding (GOTTA have a “increase in value” of the IQD to float that boat!) 3. …solid proof of the release of the “lower Denominations” 4. Solid proof that prices are changing EVERYWHERE in Iraq!…member…arrived, saw & knows! 5. answer to LACK of any kind of pictures…Authorities place a seal on the lenses of the cameras…& warn: If tampered with in ANY way..prepare to be DETAINED! Also, the subject if taboo for discussion ANYWHERE! 6. We have the whole voucher program, detailed. 7. Notice to the big 4 banks…to inform them revaluation was due this weekend, for Monday banking. 8. UST, IMF, WB, & related parties have FINALLY got the software to “run” right!


6-15-2011 Blaino - I have excellent conections at a number of large Gov’t organizations that we were within 24 hours this morning (yesterday)…


6-20-2011 Blaino - All “appears” on track for this week. A certain group of people in certain (govt) organizations (several different ones) are now “activated” to do their tasking…Intel sources agree we should see “an increase in the value of the IQD” on or before June 30, but it “could be” as early as TOMORROW!.


7-1-2011 Blaino - It appears that several financial …. “Entities” …. are supporting the Intel that PlanetDinar Intel Services released on Tuesday evening… The 5th of July or (immediatly) thereafter. Read that as the 6th and 7th. There “may” be some announcement prior to that, howeever… we Dinarians will most likely be unable to “do anything” with our IQD much before that. This is GOOD NEWS! We can now measure the length of this ride in …. hours?


7-2-2011 Blaino - It appears that some of our Politicians have been through a very private exchange where they were provided an opportunity to convert their IQD to vouchers! The rate for them, or us is yet to be posted…we have decided that we like the 5.25 GBP number just fine! Once the rate is “live”… they will then be allowed to convert their IQD (from the voucher) into other forms.


7-6-2011 Blaino - It is exciting to continue to hear all positive events happening and to see the movement and possibilities getting better and better. There is not one word of anything negative so far..we will see the RV before we hear the rv from anyone. The RV is I STILL feel within the next 48 hours.


7-6-2011 Blaino - a 26 year + ForEx Vet… has access to a ForEx “Back Screen” of some type, I’m guessing it’s Thompson-Reuters Interbank systems, through a very secret and secure connection…which she says is showing the IQD ‘renumerating’ at very low levels over the last few days and as the pings are confirmed and answered world wide the rate sneaks up and another round of pings is issued worldwide at the new, slightly higher rate. Problems are solved as they occur. At this time the rate is passing $6.44…and heading to $8.43 or $8.44 where it will “lock in” and render us ‘Revalued’….and she believes that the “lock in rate” will be acheived before 6AM Eastern Standard Time, USA on Thursday, July 7th, 2011…. as I first indicated almost two weeks ago..was able to get a second confirm a few minutes ago. I wish I could call this “fact”, I cannot…draw your own conclusions


7-11-2011 Blaino - I had several strong indicators for today – tomorrow which came to me last night …however…there was no way on a Sunday evening to get ANY kind of confirmation. I also got several different sources who are equally as adament about Thursday coming & “Sure that this is the date ‘Certain’ for the revaluation!”…have been able to get a handful of people that “ought to know” to offer grudging confirmations on that date, with a rate that is beyond Blaino’s belief (way high, IMO)…It is substantially ABOVE the 5.25 GBP we have heard…about for the last 2 months or so…at pennies off the $10 mark. As I said, I have NO IDEA how “they” get this number..


7-12-2011 Blaino - some political figures…relate…they…under an informal Gag, they are informally watching Thursday, this week (the 14th) which I think is a lil strange considering the new banking regs fly on the 15th. The rate seems to be climbing with every time the date gets pushed, almost as if “they” feel they “owe us” something when we have sharp intel that later cannot cut the cheese!…believable… let me get back to you on that!


7-13-2011 Blaino -  I was informed…a M.E. bank… orders IQD a couple of time a week (resale) and will be reordering on Wednesday…. “mebby, mebby NOT” since they were told “Rates will be higher”… working on…confirmations. Also,…Several “significant” Citizens are rumored to have done the swap deal…last week, in Lone Star Land, rate $6++, and this WILL be difficult to verify…considering their stature, security & former “Employment”. Take as rumor…although the contact across the pond seems well placed to be privy to the facts. Also, there MAY have been a meeting…where there was discussion about an announcement…By whom, to whom and WHERE FROM???


7-16-2011 Blaino - This just in…..breaking rate news! Our “sandbox” source now reports that the rate may be closer to the 4.40 GBP…You get it FIRST…Right here!…$7.00++++


7-17-2011 Blaino - (From the sandbox) Two Military contacts have confirmed that indeed the increase in value for the IQD is accomplished at long last and we should see it here on many sites as well as the Banks here (USA) on Monday


7-17-2011 Blaino - Good NEWS…”Breaking News” Boots on the ground…have reported that the tv news, radio, papers and so on are reporting the “increase in value of the Iraqi Dinar”…. which is now pegged to the GBP (Great Brittan, Pound)! …And the rate: is the 5.25 that we have been hearing! We ought to see it here in the Morning! I cannot yet state it is “ABSOLUTELY IRON CLAD”


7-23-2011 Blaino - several of my contacts with excellent resources in the ME… especially Baghdad, are really confidant about tomorrow… I think the best place to see it first is on the CBI site. IMO, ForEx cannot assign it a value initially, but can push it once it has been assigned a value by Them


7-30-2011 Blaino - Looks like we have about 5 1/2 weeks…by the first week in September have you bank accounts ready and get ready for cashin around Sept 12th.


8-16-2011 Blaino - from two sources that I trust…the $13 rate is hog wash… horse feathers… bunk! our stated timeline (September, first week)… still on track. Then, later this afternoon…same source’s…now we might be within 10 days


8-18-2011 Blaino - we appear to still be on track! the current intel is that we actually could see this in the next few days. So far, I am NOT telling you that it will not happen in the next few days! It is not the same as telling you that it will happen in the next few days… but I have NO intel telling me that it won’t happen, which is different in a subtle way


11-17-2011 Blaino - Top source told me it’s not going to happen this weekend. There were some Parlament meetings, everything signed, new budget, all ministers approved, everything is set. Looks like Monday is going to be the day. I have a source so well placed that it could not take place without this person knowing. It appears that we are done. Do not know the rate, but looking at $5.72, give or take $.40. Am I calling the RV for Monday, NO, but it looks good.


12-1-2011 Blaino - There are some National scale players – mega corps, Countries, several wealthy types (very BIG Fish)…have in fact CASHED OUT using leveraged deals…asset backed. It’s different than you going to your bank and cashing out. I did get confirmation. Smoky Joe (Biden) has been over there having meetings with governor of the Central Bank of Iraq (al Shabibi) and most of the conversations and agreements are complete at this time. More will be happening today (Thursday) in about 5 hours (Midnight, Central Time) when “today” starts in Iraq. They will be dusting off all the details tomorrow and there was a lot of conversation about the “Button”. It is now back where we thought it always belonged, with al Shabibi. We are in 24 – 30 hour countdown…Could be 6 hours or 14… no way (yet) to tell. Rate: $5.72 give or take 45 cents more or less.


1-24-2012 Blaino -  We are all being bombarded daily (hourly) with the news that the RV is imminent. Has anyone been right yet? Not so far. But let’s look at some facts: Iraq is running out of money, the average citizen still has 3 hours of electricity a day. At the “last minute” someone is going to have to finally do something. Will it be outside pressure from the rest of the world that causes it, or will it be pressure from the citizens of Iraq that will finally cause these… politicians to do the right thing? And then, without fanfare, the RV will be released.

etc. etc. etc..........

Seriously, guy .... how much more due diligence should I have to do?  I don't have time to track down everybody I post about to get their whole life's story first.  I just go by what they say.  I believe people should be held accountable for their words, especially when those words have such dire consequences.  As for me being a guru or having divine insight, I'm just a blogger.  If people don't want to read what I say they don't have to visit my blog.  But people do read what I say because it's pretty obvious that I do quite a bit of research. 

My concern is not you or your site.  It's the people out there who end up buying dinar because of the incessant hype and pumping about the RV.  If you're that concerned about your site and your reputation I have a simple solution for you.  Renounce all of the past intel and rumours and acknowledge that this mythical RV doesn't exist.  Do what Legolas and Marcus Curtis and countless others have done .... admit that you were duped and after doing adequate research you now realize that the overnight millionaire thing ain't gonna happen.  (It's all there in my blog.)  I'm a reasonable guy.  Just ask Neno.  I removed him from the pumper list last fall.  I'll gladly forget all of your past transgressions if you'll just drop the constant RV drumbeat.  But if you refuse to do that I have no choice but to list you among the pumpers.   





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Tuesday, June 12, 2012

John Jagerson's Ebook

If you're a regular reader of this blog you've probably read my two interviews with John Jagerson about the dinar.  Well John has now written a book about the dinar.  I've just read it and I wanted to offer my thoughts on it.

First of all I have to tip my hat to John for taking the initiative in 2008 to speak out on the misinformation and hype surrounding the dinar, and for making two very informative videos which I've used on my blog and have found very helpful.  This is a complicated situation because most of us had no experience in the world of currencies prior to learning about the dinar, and we were overwhelmed with talk of reserves, fractional reserve banking, fiat currencies, crawling pegs, dirty floats, M1, M2 ..... etc.  It took a while to get up to speed on the terminology and the concepts and during that time many of us got sucked in by the hype.  People like John have helped to clear the muddy waters for us and for that I am grateful.

Now for the review.  If you're thinking "yeah I knew this guy had an agenda ... he's out to sell a book and make money off of this" you should know that this is an ebook that sells for $4.99.  Quite a bit cheaper than the $29.95 dinar guru Adam Montana charged for his book and I'm sure he's not going to sell nearly as many copies as Adam did because John's not feeding anybody's fantasies.  But he has obviously invested a lot of time in this and I see nothing wrong with a little compensation for his efforts.

You can tell from the issues he addresses that John is up to speed on the pumpitude over the past couple of years.  Some of the points he addresses are already covered in his videos as you would expect, but he goes into much greater detail in the book, especially in explaining RVs (revaluations) and RDs (redenominations).  He also shows you how the currencies of oil producing nations have fared over the past twenty years.  Unlike many who don't believe in the overnight millionaire scenario, JJ discusses the wrongheaded idea that the dinar will grow in value as their economy grows.

John Jagerson
John offers a good analysis of the issue of liquidity, which to me is the stickiest point in this investment.  If you could always easily liquidate your dinars like you can the Mexican peso or the Canadian dollar then certainly the risk would be minimized, but with so many banks now refusing to handle dinar, and the looming issue of redenomination, the liquidity of the IQD becomes a greater concern with each passing day. 

There's also a good discussion of the role that religion plays in the marketing of the dinar.  Rather than delving into the theological aspects he simply shows how the issue of eschatology (bible prophecy) isn't really relevant in assessing the validity of owning IQD. 

He concludes the book with links to articles discussing the dinar from respected institutions rather than dinar forums or dealer sites.  As you would expect from a professional he even includes references to support the points he makes. 

The least navigable part was no doubt his discussion of bonds and the sterilization of capital flows.  Dinar researchers like Scooter and Enoch8 (and F8 and DaveD - readers of my blog) might be able to grasp what he's saying here, but I have to admit it wasn't too clear to me, although the point he was making about oil exporting countries preventing an appreciation of their currencies was.

 Although I don't refer to the dinar investment as a scam as John does, I do agree with almost everything that he says based on what I have learned over the past few years.  But whether you agree or not you can't dispute that he knows what he's talking about, and he's happy to provide you with his credentials and his real name which many pumpers and gurus will never do. 

If you or someone close to you is thinking about investing in the Iraqi dinar you owe it to yourself to read what a true expert like John has to say.  The $5 price tag is nothing compared to the thousands you might be putting at risk. 
 
http://www.amazon.com/The-Iraqi-Dinar-Scam-ebook/dp/B007Z9DFN8






Sunday, June 10, 2012

June 3-9 Douchie

It was an interesting week.  There wasn't much happening as far as dinar pumping but on Sunday night the "Art Bell" of the dinar known as Phoenix did a broadcast with psychic tarot card readers. Back in October I joked about expecting Phoenix to have a psychic on his show but now he's actually done it! I guess if he starts doing video we can expect to see a bearded lady or a VW full of midgets paraded out. Or more likely a séance to ask Saddam Hussein where he hid everything.  What a circus this has become! 



Hammerman
On Monday Hammerman was at it again saying that the only holdup on the RV is the GOI.  Nothing too doucheworthy in that statement but it was the source of that info that got my attention.  Hammerman claims that he worked in construction at the Pentagon after 9/11 and has high up contacts in the US government.  This intel came from "an ex-pres, a VP, and the main man over here".  Geez, for somebody with such good sources he sure has a lousy track record, huh?






Then on Friday Frank Villa a.k.a. Frank26 got into the act with this:

Frank Villa
"Frank26"
One of the WTO prerequisites is to have an internationally recognizable and tradable currency in order for them to be full member. The only way that’s going to happen is for them to be accepted as part of the world economic community. This is why...the UNSC, which is the USA, will not give them the keys to their shackles, the final part of chapter 7, until they raise the value of their currency; because that is one of the prerequisites to enter the WTO, which also is the USA. Do you see the catch 22? We are in control. We will not allow them to do anything until they know what they are doing with their currency. From the 7th – 15th we are looking for the birth [RV?] to be announced. Then on the 15th the UNSC can give Iraq Chapter 7. If not they will be moved over to next month and so will the tariffs on the 30th.

A quick glance at a list of WTO members and currency charts will tell you that many WTO member nations have a currency that is valued at less than a penny.  In fact, S. Korea's currency is valued slightly less than the IQD and they have the 14th largest economy in the world. 

Then on Saturday Blaino & Hammerman from Planet Dinar sent out this email to the faithful:

Join DINARGENIE at 9:30 PM EDT this evening for something new and different... a guided meditation to help focus our dinar community & it's mind/brain/spirit power and direct it at the blockages holding up the revaluation of the IQD... a new process that will leverage the known ability of the combining  of minds for a positive outcome... "Thoughtforming" a new reality!

This is the power of prayer, meditation, brain wave stimulation and the projection of Positive Energy!

THE CALL INFORMATION IS:
530-881-1300, PIN CODE: 137537#

Who is Dinargenie?

"Dinargenie" has worked for 30 years in the field of consciousness studies, meditation, empathic response, dreamwork, and psychology & symbolism. She is also a freelance biomolecular medicine/nutrition writer and researcher, and a professional astrologer.

She has led workshops in how to make your subconscious work for you, dream interpretation & symbolism, meditation, astrology, and been a popular guest on TV and national radio shows. "Dinargenie" from www.PlanetDinar.com
 
*** Spiritual Warrior Prayer Call ***

We are done with sitting on our hands, being helpless bystanders to this great event. The RV is needed now by so many of us & we do have the power to influence this process, this is what tonight's call is about:

Science now talks freely about a natural force known as 'consciousness.' The field of physics recognizes consciousness & focused conscious intent as a powerful force that can influence matter as well as events (see author Lynne McTaggart's works, for example). This is proven over decades in controlled laboratory studies. It is also evident that the power of consciousness is exponential: when five people come together with a common goal in a focused way, the energy of that 'consciousness' force is equal to twenty-five (5x5=25), or ten people would equal 100 (10x10=100). 

It has been written, "Where two or more gather in My name, there also will I be . . ."

As strong-minded human beings with God-given Free Will we can join together, focus the power of our heart-compassion energy as a group, and have a positive impact on this RV process and those who are behind it. 

Tonight, empowered and working together, we can make a difference!


Did I mention what a circus this has become?  Here's a suggestion.  Instead of studying brainwaves and astrology how about a crash course in economics? 

**********************************************

As doucheworthy as all of that may seem, Frank, Blaino, Hammerman, and Phoenix were outdone this week by the tag team of Breitling and Roger Dorman.  On Monday Breitling did a video claiming first of all that the CBI's financial reports are bogus and that's why they're under sanctions.  As one of my readers DaveD pointed out:

"Almost all sanctions against Iraq were lifted in 2003. For over 8 years now Iraq has had practically no sanctions. The only sanctions that stayed in effect were they were not allowed to deal in arms and they were not given full control of the DFI funds. They have since been given control of the DFI funds and I think there are still some arms sanctions.  The gurus constantly bring up Chapter 7 as if it has all these sanctions attached to it. That’s a big lie. Chapter 7 is simply a designation by the UN that states a country is a danger. It allows sanctions to be placed quickly on a country. Without chapter 7 every single sanction would have to go through a full Security Council vote and all the politics that go along with that. They put a country under Chapter 7 and that allow them to place the sanction without a vote.
Back to Breitlings bogus claim. Iraq is under an IMF Stand By Arrangement. That is a loan program. One of the requirements for that program is complete transparency of their financials. They are not lying about the numbers."


Well stated, DaveD. 

Tony "Breitling" Elder
It's not a matter of "would the CBI lie to us?"  It's more a matter of "would the IMF jeapordize their credibility by signing off on the CBI's bogus numbers?"  Breitling then went on to demonstrate once again that he apparently doesn't even comprehend the meaning of the word "risk" when he says "dampen the risk by buying more".  He made a similar statement which I documented in The Breitling Catalog when he said "the more you buy the less the risk".  If this turns out to be a total loss via a lop with no means of exchanging your IQD then you would only lose more by buying more.  How would buying more lessen the risk?  As I've documented extensively Breitling has a long history of getting his facts wrong, so I'd have to say the CBI and the IMF who monitors them have a tad more credibility. 

Then on Tuesday Breitling put the icing on the douchecake with this:

"The CBI has a plan...a report came out and some people didn't pay attention to it. The General Inspector said that we are going to revalue for just under a buck. They let the cat out of the bag. In September they are going to print the money and in January supposedly put the new currency out & start redenominating at a 1 - 1 exchange, but I'm not betting on a time frame."

The report that Breitling is referring to is the SIGIR (Special Inspector General for Iraq Reconstruction) report.  Here's what the report actually says:

"In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes.  The reform would have made the dinar's value slightly less than $1.  It is currently worth less than one-tenth of a cent."

http://www.sigir.mil/publications/quarterlyreports/index.html (page 95)

As you can see the word "revalue" isn't there.  It says "currency reform that would have removed three zeros from the Iraqi dinar in 2013".  As I discussed earlier this week "removing three zeros" means "lop".  Sorry folks.  Nothing to see here.  No cat.  No bag.  No RV.  After three zeros are removed from $.00086 the value for the replacement currency will be $.86 which is slightly less than $1 as is stated in the report.  Breitling is once again taking the description of a lop and saying that it means RV. 

Roger Dorman
Also on Tuesday Roger "Dinar Daddy" Dorman announced a vague money making plan on his forum.  Right on cue Breitling was there Thursday morning telling everybody how brilliant and ethical Roger is and this is a great plan and you need to check it out and all that stuff.  "There's nobody that has better integrity than Roger."  (I know a few dinarians who would take issue with that statement.)  It was totally barftastic.  I've got nothing against people making an honest living.  This is a capitalist country after all.  But when you draw a crowd in with misinformation about the dinar and then start pitching other products it comes across as a bait and switch strategy which is not okay.  It's douchebaggy which is why I'm awarding these two yet another Douchie. 





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