Sunday, July 29, 2012

Douchie for July 22-28

Many of you probably haven't noticed because I didn't announce it, but I have created a special blog called The Breitling Watch for those who would like to read up on Breitling's shennanigans.  I know that many of you can't bear to listen to the guy and you don't want to read about him all the time so out of respect for you I do most of my commentary on him there now.  Well the other day B apparently discovered it and offered a rebuttal.  It was fascinating, to say the least.  I would like to extend an invitation to any of you who are interested to check out the new blog and stay up to date on the Tonester.  I have discovered that one of the best ways to learn about this investment is to listen to what these guys say and then fact check and document what you find, so this could be educational for you as well as entertaining.  The link is under Related Sites on the right.

And now to the week's other douchebaggery.  With Ramadan now being the excuse for no big RV the gurus were kind of kicking back this week, so there wasn't as much BS as usual.  Still there were a few conference calls that served up plenty of nonsense to try to keep the pump alive.  This week's runner-up Douchie goes to TonyTNT and Gary from PTR.  (Dan is on vacation.)  They did a "no bull" conference call where among other things they said:
  • The RV is already in the system and there are economic factors that will trigger the activation, and as they are pushing they are doing recalculations with whatever those factors are, and as soon as it hits a lot of bank people are expecting to go into action (Gary)  Whoever designed this system should be fired.  The RV has been hung up in this system for over a year now.
  • The only way it can be a lop for us is if it's a lop for Iraq, which it can not be.  The lower denominations they showed with coins two weeks ago prove they won't lop. (Tony)  Iraq will need lower denominations whether they get to $.86 through a revaluation (which isn't possible) or a lop.
  • Lots of bankers were retiring last summer because they expected the RV, but it has been held up.  (It should have happened by now.)  Many people are going to quit their jobs after the RV because they won't want to work for their measly salaries after becoming multi-millionaires.  That's why the banks are putting out memos about this because they don't want to lose all of their employees.  (Tony)  Perhaps.   Or perhaps they just got tired of scammers getting people all pumped up about buying dinar from them.
  • Every country holds dinar in their reserves.  (Tony)  I must have missed that document.
  • It's all done.  The only thing we're waiting for is for things to calm down enough in the middle east. (Tony)  And of course things are always volatile in the middle east so you've just provided yourselves with ample wiggle room when nothing happens.  By the way, didn't Gary just tell us that economic factors were the holdup as it winds its way through the system?  You guys need to compare notes.
  • PTR has sources who talk to people in the US Treasury, the BIS, and the IMF. (Gary)  Of course they do!  What kind of gurus would they be if they didn't? 
I'm sure glad these guys did a "no bull" call.  I wonder how a "pure bull" call would have gone?;0MTA3MjgzMDk=1

This week's winner is WangDang.  On Sunday WD did a conference call where he said:

"Right now .... the most accurate number I can find is 37 trillion.  That's chump change .... They had 27 trillion in circulation when their currency was worth $3.21 .... so 37 trillion is not a leap ... these people are filthy lowdown rich"

"The actual amount that's in circulation ... he's (Shabibi) not concerned with that ... he's got that covered with gold and oil .... that 37 trillion is a drop in the bucket to these people's wealth ... he can afford it or he wouldn't have printed it" (50 min. in)

Now if Iraq had 27 trillion in circulation at $3.21 that means they had a monetary base of almost $87 trillion which most economists would tell you is more than the wealth of the entire planet.  If you'll do a bit of research I believe you'll find that Iraq's GDP has never been higher than it is now at around $120 billion.  Would it make sense for a country with an economy of that size to have a monetary base 725 times larger? ($87 trillion/$120 billion)  I believe the figure back then was more like 27 billion dinar at $3.21.  I would give WD the benefit of the doubt that he just said trillion when he meant billion except for the fact that he said 37 trillion wasn't a leap.

Then about 91 minutes into the same call he was explaining the "delete three zeros" articles to a caller named Dave when he said:

"A lop can never occur because first of all this country is too financially wealthy and they're too resource wealthy .... so they would never be able to justify a lop"

I think most people would consider Russia to be wealthy in resources, and they're certainly wealthier than Iraq financially.  The only country that produces more oil than Russia is Saudi Arabia.  The only countries with more billionaires than Russia are the US and China.  Russia's GDP is about $1.5 trillion compared to Iraq's at about $120 billion.  And guess what, WD?  Russia lopped their currency in 1998.  Lopping isn't determined by wealth in resources or finances or anything else.  It's determined by whether or not a country wants to leave their currency in a hyperinflated condition or redenominate to make cash transactions easier.  That's it. 

"Iraq has not lost a penny ... we took their value from them ... they didn't have some catastrophic financial event happen in their country where their money went to zero... the United States went and petitioned the IMF and the UN and said 'please ... please turn off the value to these people's currency because if we make war against their government right now ... of Saddam Hussein ... and he has $3.21 on his table ... he can buy weapons around us, over us, under us, through us ... and he will continue to kill a large number of our soldiers .... they granted what we wanted ... they took the Iraqi dinar from $3.21 to zero."

I think most people would consider war a catastrophic event.  But in addition to that Iraq experienced sanctions and the overprinting of their currency that caused hyperinflation.  At the end of the conversation Dave asked WD about taxes and his response was "I'm not a tax person".  It always amuses me when these gurus refuse to take tax questions because you should always consult a tax professional with your tax questions, but for some reason they feel qualified to tell people all about currency speculation.  Dude, you're not a currency guy either.  You're not an investment professional either.  You're just a guy with a mic repeating crap that you've read and heard from other dinar people who aren't professionals either.   

There's so much misinformation coming from this guy that it's stunning.  First of all, "deleting the zeros" clearly means a redenomination or "lop".  It's been done dozens of times over the past century to big countries, little countries, rich countries, poor countries .... doesn't matter.  Currencies depreciate for a number of reasons, and when they decline in value as the dinar has they're problematic for cash transactions.  That's why countries redenominate. 

Iraq's currency depreciated due to hyperinflation.  The myth that the US had the dinar devalued from $3.21 to less than a penny was made up by pumpers.  I posted an article recently that told the story of hyperinflation in Iraq back in 1993.  On the CBI website the history of the dinar is told and it clearly states that the value was 3000 dinar to the USD back in 1995, eight years before the war.  When Shabibi was in Washington last year he stated clearly that the economic conditions in Iraq going back to the 80's led to them adding zeros to their currency.
WangDang didn't provide one link to support what he said.  Dave, if you're reading this please click on my links.  I never expect anybody to believe what I say just because I'm such an honest guy.  I expect you to question what I tell you and read the information for yourself.  Your 25K dinar note won't be worth less than it is now until it is demonetized at the end of the alloted time frame for exchanging the old currency, but it will be replaced by a 25 note with the same value from a new dinar series.  At the current exchange rate both will have a value of about $21.50.  And no, it won't be worth $75,000 because Iraq isn't going to revalue to $3 any more than I'm going to marry Kim Kardashian, although I like my chances better.
Once again we have the blind guru leading the blind novice currency investor into the ditch.  Maybe WangDang believes the tripe that his sources are feeding him, or maybe he's just making it up.  Either way people are getting hurt, and for that he's this week's Douchie winner for the first time.  If he keeps this up I'm sure it won't be the last.


Thursday, July 26, 2012

Connecting the Dots

The other day I was listening to a conference call hosted by BGG of Dinar Updates. In that call he said that he has a contact at the CBI and he knows for a fact that the new lower denoms have been printed. (Geez, the CBI has more leaks than the New Orleans levees!) Well that struck me as a blatant pumper line, so I started digging around as I am prone to do. I looked up in WhoIs and discovered that it's registered to BGG Golf in Goodlettsville, Tenn.

Turns out BGG isn't the guy's initials but it stands for Better Golf Guaranteed. That's a golf teaching system with several locations around the country. When I looked up that domain name in WhoIS the information was the same.

According to the address listed belongs to a home owned by Tom Sanders, the man behind Better Golf Guaranteed.

So I started looking for information on Tom Sanders and wouldn't you know it? There are complaints about the guy, calling him a scammer. (Is it just me or is a trend emerging here?)  Then I found an orphaned blog with only one post on it from January. Seems I'm not the first one to stumble onto this info.

In this video you'll hear BGG referred to as "Tom". Blaino referred to BGG as "Tommy Moe" in his diatribe a few weeks ago.  A little more digging and I happened upon this:

"Tom Sanders" isn't too rare a name, so I'm not sure if this is the same guy. I do expect to find more douchebaggery, though. Usually when you find one cockroach running around there are others waiting to be uncovered.

Here's a few quotes from BGG:

3-18-2011  RV will happen on Sunday 3-20th with 100% Certainty.—source

4-1-2011  We have laid out a pretty logical view of where we are at and it’s basically down to a waiting game…Maliki agrees to powersharing – RV follows shortly (as in – could be soon). If he pulls more monkey business at the end we could be waiting a bit longer. I think we’re just waiting to see how things shake out between now and the 5th. I’m very positive about our immediate future.

5-23-2011 I talked to Poppy earlier he told me he was hearing pretty much what we are, Tonight (late), tomorrow maybe Tuesday. He did tell me it was outside of Iraq’s hands – at the BIS already. His Treasury contact is still saying all has been done Treasury wise and their IT personel are still in Iraq (been on stand-by to come back any time) waiting to assist with any final activation issues. His guy also says no one will know the rate till it actually goes live – no one.

6-9-2011 Poppy2 is a highly respected elected official in his town…he has access to other politicians and political documents…2 weeks ago there was a briefing to congress…last Wednesday US Treasury sent a memorandum to the 4 big banks outlining the RV–each bank had 24hour to agree or not agree to participate…if agreed they were given a go live date–last Wednesday was that date…Contact with 5 congressional offices–there was a high influx of IQD holders asking when it would RV…DC area contact is saying calls are coming in from bankers upset that the memorandum didn’t come to fruition…they are not happy about spending money on this and it not coming true…my opinion we are close, but who knows what last minute wrangling is going on….spoke with 4 or 5 service members who have vouchers…they take custody of their IQD and will be made whole later when in US…

7-9-2011 From an “unnamed former senior white house official”….maybe Monday or Tuesday. I have actually heard from a Pentagon source that today was the day, from an Iraqi working in the CBI that they were gearing up to exchange out for lower denoms on Monday (inferring an RV)

8-7-2011   contact from Iraq…said that between Sunday and Tuesday we should see a rate in the US banks with “cash-in” beginning immediately. the true RV rate will only be revealed when the release is done.

9-10-2011  I have a CBI contact – I have talked about this contact before. He has only called me proactively one other time. He called me Friday during lunch and told me they (the CBI) was expecting it this weekend. Hang in there all.

10-15-2011  I got a text in last nite from another of my contacts – at 5/3rd said they have extra cash in reserves for the 1st time at their bank – and other banks also, …they are ready. He said they are no longer able to discuss the Dinar for security reasons. Back to my gov’t contact – He said that Maliki being in is good – he has the best chance of getting this whole thing done. While Dr Shabibi is concerned about Maliki getting “full control” – he also knows that Allawi just doesn’t have the political juice to get anything meaningful to happen.

11-8-2011  I had FED source poke his head up and actually speak!! WOW!! From now thru next Wed (maybe a little later) is a prime window (as we currently see it)…I also got further confirmation that the timeline we have been looking at is “right on the money” maybe a little sooner. They are moving on this right now. Could be very soon – but things are coming together – for real. Any time from tomorrow thru about next Wed (ish)…

After 2011 ended with no RV BGG seemed to reinvent himself somewhat into a more grounded, analytical guru.  He does still allow Poppy to throw out some red meat to their rabid followers on a regular basis, however.

Now I know some of you out there are saying "I like BGG.  He's so much more reasonable than those other intel guys."  Well people said the same thing about Adam "Wolfyman" Montana (who also claimed to have a CBI contact).  Some people say the same thing about Breitling (who claims to have a contact in the US Senate, the UN, the IMF, and just about every other related organization).  Folks, the most dangerous guys are the ones who seem reasonable.  Jesus warned His followers of wolves in sheep's clothing.  If the wolf looked like a wolf it would obviously be dangerous.  It's the wolf that looks like a sheep that presents the most danger.  Any idiot can recognize pumpers like TerryK, Okie, TonyTNT ... etc.  It's the guy who says the lop is a possibility but not a probability that you have to watch out for.  It's the guy who says a $3 rate is too high and $1 is more realistic that is the real danger.  (I'm confident that 99% of investors would take $1 in a heartbeat.)  And while BGG himself doesn't do any praying, he's always happy to have Poppy alongside of him doing the "God's Gonna Bless Us" song and dance to lure in the religious crowd.

Now if you've been to Dinar Updates you know that they advertise Dinar Corp.  I posted a link to the review of Dinar Corp recently after reading it.  (Here's a video of BGG and Ivy Johnson from Dinar Corp making an announcement.)  Well, in following up on that information I found this video of Randy Koonce conducting an interview with Ivy.  When I started the blog I listed Randy as one of the good guys, even though I disagreed with many of the things he says. But since hooking up with DC I've noticed more usage of forum facts and pumperlike behaviour in general. Randy used to do conference calls every month or two with no product to pitch. In fact he would even say "I haven't done any calls lately because there are no developments. All the stuff you're hearing from the gurus is BS." But since he hooked up with Dinar Corp a few months ago his calls have been more frequent and saturated with promotions, despite the fact that there really haven't been any more developments than before.

I'm not the only one who noticed. A member of Currency Chatter where Randy posts recently said:

"I like randy and his information is pretty much the same for quite sometime which is good so I tend to wonder if he is having calls more frequently for dinar corp advertising purposes because I've noticed that they've been on the last few calls in the beginning selling themselves. Not saying randy is a pumper but I wonder why he doesn't also mention Sterling Currency Group (formerly known as Dinar Banker) as they also have the same guaranteed layaway programs as well. I know BGG is pushing Dinar Corp also. It seems like all intel providers are all attached to some dinar dealer."

Good observations.  I can't say for sure that Randy is being compensated, but something has definitely changed.  Some people think there's nothing wrong with a guy getting compensated for his research and analysis. But here's the problem. Once you're taking money from a dinar dealer you're in effect working for them. If you discover information that indicates that buying dinar might not be a good idea you are no longer free to speak your mind. You're pretty much obligated to say "GO RV!" and say it often. 

Ivy Johnson in the Randy Koonce Dinar Corp vid is "Ivy", formerly of People's Dinar.  He had a reputation for claiming to have great intel, boots on the ground, high ranking officals ..... real douchebag stuff.  In addition to that he reportedly claimed to be involved in the MMA (mixed martial arts) business.  Here's one of his greatest hits:


Ivy Johnson
Ivy just got off the phone with his friend in the Green Zone Ivy never puts out anything that is a prediction No rates no dates... but, this comes from a high ranking person in the Green Zone Maliki has caved in Alawi got everything he wanted and more.

Maliki knew, based upon the circumsatances and the upcoming events that his head was on the chopping block Not to mention that he could be facing crimes against humanity for all the things he has done during his many years in power if the GOI had failed.

Maliki has offered and Alawi has accepted. Alawi got the Defense Minister that he wanted among many other things What Ivy told us about the situation coming up on Friday....with the protests and the lack of RV....this was accuate info that would have prevented this from occuring for a long while We have been given the next couple of days as a timeline! Likely before Friday! If we do not hear the announcement by Friday....we should be prepared for a much longer ride....according to Ivy.

Ivy says that based upon this conversation....Friday seems like the drop dead date....he said not to be discouraged if it goes into the weekend, but he feels this should be done right away! He says always CBI first! We will see it also on Dinar Banker and Dinar Trade before Forex He says his understanding is that this is all finished....they just finished up...the vote should have taken place as well. He does not think CBI not updating is tied to this. All this information has occurred in the last hour!

He says....this is Iraq....anything is has to happen before Friday or we wait a long while. [He thinks he will want his people to have some monetary gain to the people in order to stop the protests. He thinks he will want his people to have some monetary gain to the people in order to stop the protests. He says they could make it effective on the 1st....but, he thinks they need immediate relief for the people of Iraq.

Does he think it would go to the 1st b/c of the un operational dates? ....he said it could, but he doubts it He says he is ecstatic about this....and thinks we are there. He also says he is tired of the same old information that seems cycled and recycled. This is coming directly to Ivy from a source on the scene

The Iraqi Dinar Money review of Dinar Corp says the owner is Samir "Sam" Al-Tayeh who was the focus of a lawsuit by the attorney general of Illinois, but Ivy says that the owner's name is actually Husam "Sam" Tayeh who is a completely different individual. He puts his personal guarantee on it, which as we have seen is worth about as much as the dinar.  He blames these "attacks" on other dinar dealers who want to go back to the days when they made obscene profits with reserve programs unlike Dinar Corp who has gallantly taken the lead in offering a guaranteed reserve program.  (That makes at least three dinar dealers now who claim that they were the first to offer this, but I digress.)  I find it INCONCEIVABLE (always wanted to use that word) that DinarFacts from the Iraqi Dinar Money site is working on behalf of any dinar dealer.  They have referred to the dinar as "worthless currency" and "as legitimate as swamp land in Florida".  These are the words of somebody who considers selling the dinar as an investment a scam, not of somebody who just wants to defame their competitor. 

Whatever Sam's real name is he seems content to use Ivy as his spokeman. Doesn't that seem odd, that the owner of a dinar currency business doesn't want to be seen or heard? Ali is the spokesman for Dinar Trade. Ty Rhames has done videos for Dinar Banker. Why won't "Sam" do the same? Why does he need Ivy to be the pitchman?  It seems to me that the best way for "Sam" to prove that he and Samir Al-Tayeh aren't the same guy is to make a public appearance and offer some documentation.  He shouldn't expect the dinar community to believe his story just because Ivy is so trustworthy.  There's way too much fraud in the dinar world for anybody to take anything at face value anymore.   

According to Iraqi Dinar Money the Dinar Corp site is related to which shares an IP address with which is owned by Fereidoun “Fred” Khalilian from the Robocaller scam.  You gotta wonder what Randy Koonce is thinking getting mixed up with these douches? 

Another site that runs a Dinar Corp ad is a site called Dinar Detectives.  I did a search in WhoIs and it's registered to a guy named Scott Huse in Port Charlotte, Florida. 

For those of you who don't know Port Charlotte is located in southwest Florida.  I thought that sounded familiar, so I looked around and found this.

According to BGG, SWFG is a mod at Dinar Updates and the driving force behind Dinar Detectives. (18 min. in)  Is this the guy who owns Dinar Detectives?  Well, probably not.  Because if you search through Facebook you'll find this.

Look familiar?  So we have a guy named Scott Huse from Port Charlotte listed as the owner of Dinar Detectives and a guy named Dan Huse on FB who looks a lot like SWFloridaGuy and who went to high school in Port Charlotte.  Brothers?  Cousins?  Probably not.  Look at this.

My guess is father and son, or possibly uncle and nephew.  Whatever.  You get the idea.  They're connected.  So what's the harm here?  They're just running a dinar site and sharing their thoughts.  No harm in that, right?  Well the problem is that we've seen so many of these situations where the site owners and the intel providers and the dinar dealers are all connected.  Here we have an intel provider and a site owner connected, so all we need to do is connect them to a dealer.  So take a look at Dinar Detectives' website and as I mentioned earlier you will find that they too have a Dinar Corp ad.  Very interesting.

5/30/13 UPDATE!!!  SWFG and I just discussed the following and he says that these views came from his days on Okie's site which he regrets.  He insists that he's not a pumper and doesn't expect to get rich quick although he hopes that things will turn around in Iraq and he'll get lucky with his dinar investment.  Please take this into consideration when reading. 

Here's a few quotes from SWFG:

4-16-2012  I am very encouraged and I…do believe we are close. Without going into any details, I will say that I have been in contact with an economic counselor who works for the research department of the IMF and he has confirmed that Iraq is moving forward with their currency reform project and among the issues being addressed is the raising of their exchange rate. He will comment no further. In a very diplomatic way he has confirmed the suspicions we’ve had all along and considering the source this is very exciting to hear.

4-22-2012  The signs are all there: Iraq is one of the wealthiest nations in the world, currently operating under an artificial rate, fast on the rise, taking steps in preparation to introduce a new currency (LD’s) that have already been printed and paid for, a government in place that will ensure the stability and security, a banking sector with modern technology, the support and instruction of the IMF/World Bank and the rest of the world which will ensure the success of the project. We expect that very soon Iraq will be boasting a higher exchange rate and WE ARE NOT ALONE!

5-2-2012  I believe it’s in Iraq’s best interest to get this done in May because the tariffs go into effect on the 1st and the USNC High Level Mandate Meeting to release Iraq from Chapter 7 (SC/10490) is scheduled for the 15th unless they call an emergency session to expediate the process. I don’t have any dates or rates…but I will tell you there is a lot of talk about Iraq releasing their new currency (LD’s) and raising their exchange rate very soon. This comes from someone who handles business for a CBI official and also from a contact who’s on the support staff for an economic counselor in the IMF’s research department.

5-7-2012  The current rate of the IQD was never designed to be a permanent fixture. It’s simply a place holder, an imposed, artificial rate that has never represented the countries genuine standing in the world. Iraq truly is a gold mine and we expect to see our suspicions confirmed very soon.

7-13-2012  It's no secret that the IQD's current rate was government imposed and is grossly undervalued ....

As their GDP and per capita income figures clearly show Iraq is not one of the wealthiest nations in the world.  And as I have addressed before the current valuation of $.00086 is not government imposed, it is not artificial, and it is not undervalued. These are pumper lines. The value is the result of nearly two decades of hyperinflation as is clearly stated on the CBI website, and is derived by dividing the amount in their foreign currency reserves by the amount in their M2 money supply. 
And one more thing .... Dan Huse' Facebook page had this photo: 

Dan Huse

Dan Huse is a mixed martial arts fighter.  (Calm down, ladies!)  Or at least he was.  Remember what I said earlier about Ivy Johnson's claim to be involved in MMA?  I can't say for sure that these two are connected but it's very interesting if you ask me.   

Here's the deal, folks.  These dinar dealers are registered as money service providers, not investment advisors.  As John Jagerson has pointed out a licensed investment advisor has to inform their client of the risks of an investment as well as the potential profits.  All a money service provider has to do is take your order and deliver your currency.  The thing is they're not allowed to sell it as an investment.  So how do they get around that restriction?  You got it!  Through dinar forums and gurus.  That provides them with plausible deniability.  "It wasn't me doing the pumping ... it was this other guy.  I just provide the product my wonderful customers are asking for."  So that's how that works.  And don't ever let any of these guys fool you by saying "I've never sold dinar and I've never taken one dime in commissions for the sale of dinar".  There are always ways of structuring the compensation so as to provide the pumper with plausible deniability.

So what have we learned here? 
  1. BGG stands for Better Golf Guaranteed
  2. The domain names of Better Golf Guaranteed and Dinar Updates are registered to the same address in Goodlettsville, Tenn.
  3. The resident of that address is listed as Tom Sanders
  4. The same Tom Sanders has been called a scammer on another blog
  5. Blaino referred to BGG as "Tommy Moe"
  6. BGG was called "Tom" on a Dewey Round Table call in a YouTube video
  7. Dinar Updates has Dinar Corp as a sponsor
  8. Dinar Corp's review on Iraqi Dinar Money's site is shall we say ... less than favourable
  9. Ivy from Dinar Corp claimed to have a high ranking contact in the Green Zone whose intel had him expecting the RV within days in Feb. 2011
  10. Ivy has conducted interviews recently with Randy Koonce from Currency Chatter and BGG from Dinar Updates
  11. Dinar Corp also advertises on Dinar Detectives' website
  12. Dinar Detectives is registered to Scott Huse in Port Charlotte, Fla
  13. SWFloridaGuy looks a lot like Dan Huse, the MMA fighter who attended school in Port Charlotte
  14. SWFloridaGuy is a mod at Dinar Updates and the driving force behind Dinar Detectives according to BGG
When you keep seeing dinar gurus, dinar website owners, and dinar dealers crossing paths you have to smell a rat or two.  And when you have a good old boy hanging out with douches you have to ask yourself why?  Just food for thought.

Tuesday, July 24, 2012

I Changed My Mind

I watched some videos on YouTube about the dinar and I'm now convinced that this is really going to happen.  I mean if these people think it will then who am I to say that it won't?  GO RV!!!

I hope this guy buys a tripod with his RV money, but I have a feeling it's all gonna go up in smoke or up his nose.  I totally agree though about using dinar money for fireworks at Easter or Christmas, or maybe Easter Eggs for New Year's or July 4, or maybe lots of candy and costumes for the kids on Memorial Day.  Sure wish he could have finished what he was saying about Jack DeAngelo being such a nice guy.  I heard he was in prison.
Okay I couldn't quite follow his math but if the bad guys are behind this then hell yeah!  I want in!  Where do I buy?
The only link I see is to and there's nothing mentioned about any "sympartism".  But if this "sympartism" took place I'm all in!!!  I mean, if Shabibi went to a "sympartism" in Jackson Hole, Wyoming presented by the Federal Reserve of Kansas City ... well what more proof do ya really need?  And if Muhlicky goes to the UN to get chapter 7 removed .... whooo hooo!!!  GO RV!!!

Sunday, July 22, 2012

Douchie for July 15-21

On Thursday night Poppy decided to review the story of General Hugh Tant's (he called him Taft) mission to replace the old Saddam dinars with the new Iraqi dinar (IQD). 

"they flew in 24 tons of new currency - that tells you how rich the little country that we're dealing with is ... Iraq is only the size of California .... they are rich, rich, rich ... I'm so glad that you and I are invested in the richest country in the world";0MTAwNTkwMDY=1 (33 min in)

Not that it matters, but it was closer to 2400 tons Poppy.  Does this tell you much about the quality of the commentary on the dinar?  Far from making any effort to crunch the numbers and show you how Iraq can afford to revalue their currency to a level that will make us all rich, Poppy is content to just talk about how much their money weighs!  Wow!  Maybe we should just put a little more metal in the USD and then it will be worth more!  News flash!  One reason Iraq needed so much cash is that their banking system is lagging behind the rest of the world.  They're much more cash oriented than most developed countries. 

Also on Thursday one of my personal favorite gurus by the name of Foot Forward did a conference call where he said among other things that:
  • If he told all that he knows he would be killed
  • Next to the death of Jesus the RV of the Iraqi dinar will be the biggest event in history
  • Iraq has pulled 95% of the 000 notes out of circulation and the 5% that's left is being hoarded by wealthy Iraqis
  • The inflation figures from Iraq are bogus.  The real inflation rate is close to 14% and if they don't RV soon hyperinflation is going to set in.
  • $1.5 - $2 million won't get you very far so the RV has to be to more than $3 
With Foot Forward's commentary I don't usually need to respond with anything more than a simple facepalm.  However I will say that I've got it from two excellent sources that there are still plenty of 000 notes in circulation in Iraq. And I'll also say that any inflation-based revaluation of the dinar will be nothing more than an adjustment of a few % like we saw from 2006-2009 when they were bringing inflation under control.;0MjMwMDYzMDA=0

On Friday Dan and Tony from PTR did a conference call and Tony cites an article saying the new notes will be introduced into the market starting in 2013 at a rate of 1 to 1 after the zeros are removed.  He interprets this as an RV, of course.  He says that's the rate for the Iraqs but we get the out of country rate (?) which will be more than 1:1.;0MTA3MjgzMDk=1 (12 min in)

The article was talking about a redenomination, of course, not a 100,000% RV.  Anybody who knows anything about currency reform knows what utter nonsense that is, but then this is Tony talking so there ya go.  Any other week Tony, FF, and Poppy probably would have shared a Douchie but not this week. 

Frankie Frankie runs away with it this week.  On Sunday Frank Villa a.k.a. frank26 gave a classic performance of douchebaggery in a conference call from Hawaii addressing the recent forex glitch showing the IQD at $7.62.  First, Frank says that this forex rate wasn't a glitch as reported by a forex employee but was a signal to the financial world that the RV is about to happen. He's been calling the RV for nearly four years now. So do we believe the forex employee who has never lied to us or Frank who always lies? Frank even had the audacity to say that the woman's posture gave away the fact that she was lying to him, even though they were talking over the phone! LOL!!! 

Then Frank claims that he told people three days ahead of time in 2010 that the rate of $1.49 was going to appear on forex (he says around noon Oct. 14, 2010 .... actually I believe it was November of 2009 when this first glitch occurred) and then a few days later $1.49 appeared on the screen.  Frank has a history of telling his listeners after something "significant" happens that he told them ahead of time that it would happen, assuming that most will just shrug it off thinking that they missed that call and this Frank guy has incredible information.  If Frank knew ahead of time that $1.49 was going to appear in 2009 why didn't he tell his "family" ahead of time last week that forex would show $7.62?  I challenge anybody to provide me with any evidence that Frank said that $1.49 would appear beforehand in 2009!  I did a Google search and all I could find was references in 2010 and beyond claiming that he told his "family" ahead of time but nothing prior to 11-12-2009 when it actually happened.  Hell, anybody can make a prediction after the fact.  Let's see some proof that he said it before the fact.  

Then Frank started talking about an audit conducted by Ernst & Young when he pulls a Breitling and calls them "Ernest & Young", further evidence that Frank is truly clueless.  He goes on to claim that Ernst & Young said that Iraq could RV to $1.30, but that was just an audit and doesn't necessarily reveal the true value of $3+ that is being stipulated in the new contracts.  Okay, again .... let's see this Ernst & Young audit that says Iraq can support $1.30 without lopping first. 

Frank then goes on to say that the rate that appeared ($7.62) is insignificant because they simply doubled his rate of $3.86 to allow for the spread.  Uh .... Frank .....  3.86 x 2 = 7.72, not 7.62.  GEEZ!!!;0OTc3NDYwNjg=0

Frank followed this call up with another one on Wednesday where he claimed (among other things) that Iraq has mountains of gold, that Iraq's biggest product will be water, that the oil is so close to the ground in Iraq that your footprints turn black, that you can actually smell oil in the air in Iraq (not sure but it sounds like he meant everywhere in the country and not just near the rigs where you would expect to smell oil), and then pitched his dinar sales and his $15/mo "Proper Stewardship" program.;0OTc3NDYwNjg=0

All you Frankophiles out there need to come to terms with the fact that Frankie is just a liar.

Friday, July 20, 2012

Marketing and the Dinar

I found this article the other day and thought that it really zooms in on the crux of the problem in combatting the hype and disinformation about the dinar.  The people who are behind this are experts at marketing - internet marketing in particular.  Let's review:
  1. James Wolf (Adam Montana) - Ran a web host company called PROSEONLY and a porn site prior to launching his dinar sites.  What does SEO stand for?  Search Engine Optimization.  By his own admission Adam's expertise was in networking.  James has stated that he has hundreds of domain names registered.  I covered this in The Montana Trail II.
  2. Tony "Breitling" Elder - Has talked at length about his marketing strategies which include using YouTube and giving potential customers something for free (like answering their questions) in exchange for their email addresses.
  3. Roger "Dinar Daddy" Dorman -  Has over a dozen websites covering the dinar.  According to Breitling Roger and his friends are experts at internet marketing.
  4. The BH (Brad Huebner) Group - Strong background in network marketing.  Before pumping dinar they were pumping products like NuSkin and Xango from their Toledo, Ohio location.
  5. Frank Villa (frank26) - Also from Toledo coincidentally (?), Frank was at the BH Group's ill-timed dinar summit last summer.  A week or so later they were raided by the IRS and their dinar sales were shut down.  Frank also reportedly has a background in MLM.  Frank started off posting in Frank's Corner on IIF ( where he generated a following of Christians with his mixture of news analysis, intel, sermonizing, and general buffoonery.  It's no coincidence that many have followed Frank's model of combining religion with pumping dinar after seeing the success that he had.
  6. Dan "Checkmate" Atkinson - Also a big MLM'er.  A gifted speaker and frontman, Dan reportedly had thousands in his downline when he was pumping a controversial fuel additive product called EeFuel from a company named Fuel Legacy.
  7. Jack DeAngelis - One of the earlier pitchmen of the dinar who had an extensive background in pumping gold and silver.  Turns out Jack is an admitted felon
Putting aside the issue of whether or not Iraq could conceivably revalue their currency to any substantial amount, the fact is the popularity of the dinar investment is due in large part to the marketing savvy of the people behind the sales and the sites.  The only reason my blog has managed to penetrate into the first few pages with Google is because I know a thing or two about internet marketing myself. 


Published: 2/11/2011
By Karen Aho

Starry-eyed investors take to the Web, but the scammers have beaten them there—and neither is eager to give up the dream of getting rich off the Iraqi dinar.

John Jagerson is on a lonely quest to debunk the Iraqi dinar scam, but it's not easy these days.  The investment analyst first posted comprehensive stories on his site in 2009— which have since replayed at and elsewhere—that clearly explain why the Iraqi currency is not likely to dramatically increase in value once the country stabilizes.  In fact, he points out, recent history suggests the dinar could lose value against the dollar. Look at Venezuela, Turkey, and Mexico, whose currencies weakened when the economy strengthened, or the Kuwaiti dinar, which did not strengthen in the early ‘90’s as sellers now suggest, and later even plummeted.

Jagerson is a bona fide expert, and he’s done his homework. His argument seems incontrovertible, if only for the reason that any opportunity that promises a high return at low risk should be suspect anyway.  Which is why the reaction he gets from readers is so mystifying. Even at savvy investing sites, the tone of the feedback largely amounts to one of indignation: Angry comments and flaming e-mails from people who have already bought dinars, or who have read enough on the Internet to know that they want to.  “I still can’t explain why I get so many negative e-mails from investors,” Jagerson says. “I think it’s that people don’t like having their dream challenged.”

Jagerson is hardly alone in his frustration. Financial experts and consumer watchdogs say the job of debunking financial myths has become astoundingly difficult in the Web 2.0 era, where search is king, algorithm trumps fact, and a vocal minority can tweet, blog, and comment to millions from the Internet rooftop.  The result: By the time an investor finally does stumble upon a credible source, his dreams have had an awfully long time to marinate in a bad idea.

“We’re having to disabuse them of these notions,” says Richard Jaramillo, an examiner with the Utah Division of Securities, who’s been fighting the Iraqi dinar myth for years. “It’s much tougher for them to understand the risks if you can’t even get them to believe what you’re saying.”

Good Info Is Hard to Find

Ryan Thorpe is not naive. The 26-year-old Iraqi war veteran is studying to become a mechanical engineer and works as a quality-control specialist in the Houston oil industry. When a fellow soldier gave him $300 in Iraqi dinar several years ago, he remained skeptical.  He didn’t believe, as some of his colleagues did, that his little stack of paper could suddenly be worth tens or even hundreds of thousands of dollars after some magic Iraqi currency revaluation.  Back home and curious, he decided to do his own “objective” research, and that’s when things got confusing.

Thorpe, like many people, doesn’t have a personal financial advisor. But he’s young, smart, and comfortable online. Here’s what he found:
  • A simple search of “iraqi” and “dinar” returns dozens of different “informational” sites on buying and selling the dinar. However, three-quarters of the top results—those on the first four pages—are actually links to private companies that sell the dinar.
  • The sites provide links to news stories that back the prognosis: The Iraqi economy is destined for growth. It’s “The sleeper investment of the decade,” headlines, “because liberty breeds prosperity.”
  • Self-described experts pass on “inside information” speculating on when the dinar will revalue. “They really stir up a buying frenzy,” says Thorpe.
  • Sites seem to offer consumer protection—with advice on how to avoid counterfeit bills, and information on various investment options. They point out that they are certified with the US Treasury Department and are a member of the Better Business Bureau.
  • The sites presume only high profits. One of the high rankers,, displays payout options on an $833 investment today of between $10,000 and $1 million. “Picture Iraq as a company selling stock. Each dinar you purchase represents a share in Iraq ’s bright future,” the site reads. “Iraq 's economy can only improve. The dinar will appreciate in value as the oil-driven economy booms.”
  • Aside from a recent brief in USA Today and Jagerson’s article, none of the first 40 page links even raises the notion that the dinar investment may rest on a flawed premise.
“I can’t see what’s not persuasive about it,” says Thorpe, who decided to start searching for dinar-investment stories within news sites instead, but came up dry.  “Finding real news and credible sources is almost impossible,” he says. “So first-time investors go out there and they see all this and think, ‘Well, of course it’s going to happen.’”

Thorpe finally decided to e-mail Jagerson, the investment advisor, directly.  “Your instincts are correct,” Jagerson replied. “The dinar scam is still a scam.”  It took some convincing, Jagerson says, but after explaining in detail how governments typically re-monetize their currency to protect their own interests, Thorpe agreed. The bills he had could be souvenirs, and he’d concentrate on his other interests.  “They just don’t have anyone to turn to to give them the facts,” Jagerson says. “So much contrary content is being produced by scammers.”

The Net: One Giant Sales Pitch

Whether it’s pitches for gold coins, penny stocks, or foreign currency, one myth pervades: That today’s Internet is a level playing field.  It’s not, say investment advisers.  "Marketing sites have become adept at search-engine optimization and are free to break the rules. That means they can shove their way into those first four pages of results. If Google or Bing catches their antics, they can simply reboot under another name.  The dinar scams are much, much better at marketing than anybody,” says Jagerson, who’s worked with government agencies on unrelated investigations. “They’re definitely better than the government. The government doesn’t do Internet marketing.”

Nor is the content regulated. Neither the U.S. Treasury nor the BBB need to endorse a product in order to issue those seals the sites display. And currency traders don’t fall under the purview of securities regulators. Even if they did, Internet sites can operate anonymously or relaunch under a different name. They’re pretty much impossible to shut down.  The reason why it’s a scam is because these dealers, these “advisers,” are not giving you the facts,” says Jagerson. “In fact, they’re lying to you about it.”

Successful scams always play on people’s uncertainty, fear or greed. That’s why victims will always be plentiful. The lucky ones—like the dinar pitch—have another advantage: ignorance on the part of buyers. Really, how many people studied international currency markets in school?  Talk to someone who has, and they’ll tell you that an emerging economy is more likely to remonetize—to set new price levels—than to let the value of its own currency skyrocket, an oversight that would only cost its own government. Iraq has to pay back its debts, rebuild its infrastructure, and maintain its exports—all of which will require a stable dinar.  “When you think about company stocks, you naturally think a rising tide lifts all stocks,” says Jaramillo. “But with a currency that’s not necessarily true.” 

“It’s counterintuitive. So not only are we in a position where we are trying to combat misinformation, but we’re trying to combat something that may be counterintuitive.”  The Iraqi dinar sites do an excellent job of supporting their hypothesis that the Iraqi economy is going to improve. But it’s a game of distraction, says Jagerson. Because even if the economy soars, “that doesn’t translate into inflating currency.”

Keith Woodwell, director of the Utah Division of Securities, wants social media on his side. His dilemma: How do you reach people before they’ve bought into the storyline and reposted it over their own networks? Much of the work of scammers, after all, is being undertaken by a volunteer army of enthusiasts who replay messages on message boards and social networking sites.  “Once you reach the point where you put your money where your mouth is and you’re going to invest in this, then you become a defender,” says Woodwell. “It’s human nature.”

Woodwell’s office is one of a handful of state agencies exploring how to use the power of Web 2.0 to educate private investors. The division posts an annual top ten list of investment scams (the dinar scheme usually makes an appearance), has redesigned its Web page, and pitches tales of fraud to media outlets.  “How many people want to sign up for a Twitter feed on how to avoid a securities fraud?” he says. “Our sales pitch is, How to protect yourself from fraud, and people think, ‘I’m smart. I know how to protect myself.’”  “To be quite candid, I kind of feel like we’re losing that battle, but I’m not sure how to combat it,” he says. “It’s hard for me to compete with someone who has a very slick presentation and is offering to make you rich.”

Tuesday, July 17, 2012

Adam in Dubai

I just found this video at the xtranormal site.  It was created in February of 2010 shortly after "Adam" claimed that he met with his CBI contact in Dubai.  Seems that somebody was on to Adam over two years ago.  Enjoy!

Here's another one with TerryK and Adam.

And now for this breaking news!  LOL!!!

For more fun videos visit



Saturday, July 14, 2012

Douchie for July 8-14

This was an interesting week, not so much because of intel but because of some of the things being said by douchebags in the dinar community.  Let's start with Blaino and Hammerman.

Apparently the honeymoon is over, as Blaino absolutely ripped HM in a post and an email and banned him from his forum Planet Dinar.  I'm not sure but I believe Kim Kardashian and Kris Humphries were together longer than these two.  I don't really know what triggered it but you can read Blaino's thoughts here.

Hammerman quickly had his own new website and responded with a conference call a couple of days later, admitting among other things that he had a drug addiction for 17 years, that he is living with his parents even though he's in his forties, and that he has been in jail but never in prison.  It should come as no surprise that this guy who claims to have the best intel in the dinar world has such a sordid past.  No surprise to my readers anyway.  This is actually quite typical.

Next we had Dan "Checkmate" Atkinson saying in a conference call on Thursday that the numbers don't matter when it comes to the RV.  The reason according to Dan is that the powers that be (PTB) will work their magic and make it happen.  Well, at least he admitted that the numbers don't add up.  That's better than you'll get from a lot of these gurus.

But after careful consideration I felt that this week's Douchie has to go to Adam "Wolfyman" Montana for this (my comments are in bold black):


[kcw] rightsonword In regards to the ISX, if there is an RV of any amount, we make money. But in the case of bunny-ear, how long before considerable gains are made in your opinion. I would assume that after this whole currency fiasco is done and over with that Iraq's economy should begin to grow rapidly to some extent due to the stability, or at least "perceived" stability, that the ND would bring to the financial, economic sectors, government, etc.

[Adam Montana] In my opinion, you are 100% correct in your assessment of the situation and how the ISX fits in. So the question is "how long before we see profits after a l0p or an RV?"
[Adam Montana] Let's start with "worst case scenario". We see the dreaded (lop) bunny-ear, all of our cash values are reset to a neutral value, and we are forced to wait for the value to grow naturally. In this case, I'm looking at about 6 months before things really start to grow. After that 6 month period, I would expect to see MAJOR growth, giving me 2-3-4-5x my investment. Not what I am hoping for, but it's sure better than what my 401k has done over the last 5 years!

(While this appears more realistic than predictions of a 100,000% return like you see with many gurus, there's no way the dinar will grow to 5 times its value ($4.30) even after a lop.  Currencies of emerging economies don't move like stocks.  In reality it will take years to go from $1 to $2, if it happens at all.  The only exception to that would be a total collapse of the USD.) 

[kcw] cashman54 Adam, you the man. ... I was looking at the Wall Street Journal this morning and I noticed some of the other currency rates in the Middle East (This information is found in Market and Data section of Money and Investing)

Kuwait Dinar = $3.555
Bahrain Dinar = $2.67
Jordan Dinar = $1.4127
Saudia Arabia riyal = $0.2667
Egypt pound = $0.1650
What I was just curious about is although I am sure these countries have wealth and resources too, it can't be a whole lot better than Iraq right? That just leads me to believe that Iraq deserves to have a decent currency rate you know? Wouldn't you agree that Iraq has more wealth than at least one of these countries and deserves to have a rate at least equivalent to Egypt? Would love to know your thoughts. Thank you for taking my question.

[Adam Montana] I do agree! Iraq does have more natural resources and definitely should have a currency valued at or higher than a country like Egypt. That's another reason I'm hanging onto my IQD  

(The Egyptian pound currently has a little over a trillion [1.0589 trillion to be exact] units in their M2.  At a valuation of $.165 that comes to a monetary base of approximately $165 billion.  Their GDP is roughly twice that of Iraq's.  If Iraq was to RV to 20 cents [a bit higher than Egypt's 16.5 cents] with their current M2 of 72 trillion that would amount to the equivalent of $14.4 trillion in their monetary base.  Would it make sense for a country with a GDP half that of Egypt's to have a monetary base 87 times [$14.4 trillion divided by $165 billion] as much?  Come on, Adam!  Do the math!)  

[kcw] imgesing Adam, The articles have come out now, as it did over a year ago comparing this to Turkey's RD. Can you please explain how it might be similar or dissimilar? What do we trust and what should we be looking at to affirm the potential value of the future dinar? Thanks for all you have done and thank you in advance.

[Adam Montana] Lots of people will compare Iraq to Turkey simply to back up their negative points. True, there are some similarities... but the big picture is very different. Iraq is NOT Turkey, so we can't expect them to make the same choices Turkey made. The lopsters will deny that, but... there's a good reason I don't spend much time talking to lopsters

(Nice dodge, Adam.  The comparison was first made by Shabibi.  Their inflation rate was about what Iraq's is now [around 8%] and their economy was growing at over 8% like Iraq's.  It's all in my post Let's Talk Turkey.)

[kcw] jon29 Hi Adam, one question and please bear with me since I'm not a whiz with this stuff. There have been discussions from time to time about the currency Revaluation and Iraq being able to back it up. One school of thought is hard currency, reserve money, cash "on-hand" backing up the dinar to improve the rate. Another, is the geological assets (like oil in the ground), being calculated to back up a new rate. Which or both of these ideas would be correct with Iraq improving the dinar to a new rate? I hope this isn't remedial and off-base. Thanks.

[Adam Montana] Don't worry about being a whiz at this stuff - it's not 2nd grade material, it's complicated and there is a lot of room for confusion.
[Adam Montana] Regarding Iraq's "cash on hand", geological assets, etc... let's just back up and compare apples to apples. Why do people insist that they have to have "cash on hand" to back up an RV when the US doesn't even follow that guideline? The US does NOT have gold, assets, or "cash" to back up the "value" of our monetary system. The debt we have IS part of the "value" of our money, it is on our balance sheet. Ever since we left the gold standard our "value" has basically been given to us by China and every other country that we owe money to based on one thing: CREDIT.
[Adam Montana] So, if the US doesn't have to have "cash on hand" to back up our debts, why does Iraq?
[Adam Montana] Quite simply, they are not "credit worthy" at this time due to recent instability of the government and their whole situation in general
[Adam Montana] is that changing? YES. Do they have an amazing amount of assets to back up a higher valued currency? YES. Can the entire world benefit from a higher valued Iraqi Dinar? YES.

(Actually it's not that complicated.  Iraq isn't backing their currency with their oil.  They're backing it 100% with their foreign currency reserves which total about $63 billion last I heard.  With 72 trillion in their M2 money supply they can only support a valuation of $.00086.  To raise the value substantially they need to either A. reduce their money supply B. reduce the percentage they use to back their currency C. increase their foreign currency reserves.  They're obviously not reducing their money supply if you read the financial report on their website, and they can't really back their currency with less than 100% because there's so little confidence in it right now, so the only remaining option is to substantially increase their foreign currency reserves.  The only realistic way to do that is to increase their oil production, and currently their infrastructure doesn't really allow for them to increase production by more than about 20% a year.  So unless they do an about face on the money supply I'd say that's about all the increase you could expect to see in the dinar's value for the foreseeable future.  So if the dinar only increases in value by 20% the banks shouldn't have any trouble exchanging them .... IF you can find a bank that handles dinar, that is.)

It was responses like these that convinced me that this guy wasn't a Harvard grad as he claimed, and led to his eventually being exposed.  Hopefully people are starting to get informed now, and see through some of the BS that passes for realistic analysis.

Friday, July 13, 2012

Frankly Reeking II

A lot of people email me asking me about this guru or that guru and what info I might have.  To be honest most of these guys I know nothing about.  I suspect that many of them are just aliases of a couple of master pumpers but that's just a theory.  I have chosen to focus on the top dogs.  So far I've addressed Breitling and Adam Montana extensively.  It's nothing personal but I'm convinced that the most dangerous gurus aren't the rate and date intel guys but the "explainers" who are obviously misrepresenting what is being stated by the CBI about the coming redenomination.

Having said that I am now looking for information on Frank Villa a.k.a. Frank26.  I have labeled Frank the Jim Jones of the dinar world. He's a charismatic leader using religion for his own personal gain with no regard for the harm he's bringing to his followers. Nothing since then has changed my views, although I have very little to go on other than the steady stream of garbage disguised as analysis and intel in his posts and conference calls.  Frank does a combination of "intel", news commentary, bible thumping, and bedtime storytelling.  Unlike the case with Adam Montana and Breitling we already know Frank's real name.  He hasn't made a ton of ridiculous claims about himself (although he has claimed to have worked as a respiratory therapist and a biologist in addition to his recent career as a cook in a Mexican restaurant) that I can debunk and he doesn't work alone.  He turns a good portion of his calls over to his sidekick Delta so that he can keep his commentary to a minimum. 

Frank Villa
I have to confess that I've been listening to some of Frank's calls looking for some clues as to what he's all about and most of what he says is pure doubletalk.  I have no idea what he's saying half the time.  He just babbles on about all the parties involved and the supposed discussions they have about how they're going to go about structuring their government in preparation for the RV.  He's quite good at talking without saying anything and other than the occassional blurb of bogus intel and lying about what the CBI means by raising the value of the dinar (via a lop) he doesn't give me much to work with.  I already documented a lot of this in Frankly Reeking and Delta and Shabibi as well.  The problem here is that you can point out his long list of bad intel and analysis and his supporters will say "so what?  nobody's perfect .... at least he's trying to keep us up to date on what's happening with our investment ...."  I could really use a mug shot or a "smoking gun" document about one of his shady business deals.

That's why I'm calling on my readers to help me out here.  If you have any information about Frank's background please email me.  Here's what I know as of now.
  1. His profile page at Investor's Iraq Forum says "banned for lies"
  2. There are allegations of ripping off investors with Capstone and Sun Trust
  3. There are allegations that he raised a couple hundred thousand dollars to build a church that never was built
  4. There are allegations that during a conference call Frank faked a phone call to a "source" saying that the RV was occurring.
  5. There are allegations that he left KTFM because it was established as a 501C3 organization and he wanted to pursue "for profit" endeavors which would have been in violation of their non-profit guidelines.
  6. There's talk that he has a background in MLM and HYIP (high yield investment program - think Ponzi scheme)
  7. Frank apparently also posted under the name dinar367 although some say that dinar367 is Delta.
  8. Frank has been reporting intel of an impending RV since November 2008, althought his rate back then apparently was only $.84.  A month later his intel said there would be two RVs at $3.47 and $5.39

Here's a post from a DV member called coolbeans from January 2012.

Frank is a former short order cook of a family owned mexican restraunt in Toledo Ohio.  He got his start on an other large dinar forum where he gained a large following of christian investors.  At this other forum he felt as if he had brought many people on to the forum and requested economic compensation from the forum owner for doing so.  That request was not accepted well and he was forced to leave that forum and in doing so pulled a large christian following with him.  The group which Frank calls "the family" started a forum and group known as KTFM which was short for "Keep The Faith Missions".  That group became a registered 501c3 charity with the US government.  KTFM had a board of directors and after some claims of wrong doing some of the members left the board.  Frank remain as president of KTFM but began to promote himself for personal economic gain on the KTFM forums and was asked by the board to not do so because of the problems that those actions could bring to KTFM being a registered 501c3 org.

Frank had also begun to align with the B. H. G roup forming a tie with them and also was promoting other programs as well as dinar dealers on the KTFM forum without the full approval of the board of KTFM some of those things promoted by Frank were later implicated in serious investigations as possible fraud.  Frank refused the request of the board members to not promote himself for economic gain on the forum and because of the danger of legal violations against KTFM he was removed from the membership of KTFM by the board of directors and from any position with the 501c3 KTKM org.  The reaction to this was for Frank to quickly launch a new forum seperate of the real KTFM 501c3 org that all the members belonged to and quickly went on full damage control crying he had been done wrong.  With the help of a few friends he opened a NEW forum called KTFA which stands for Keep The Faith Always and began to send out messages that the forum had moved and for everyone to join him at the new forum address.  The result was he pulled most all of the members from the real KTFM 501c3 org forum to his new forum that he had set up and from there was free of the legal bindings of a 501c3 to now pull in all the personal cash he wanted to in any way he saw fit with no oversight or restrictions.  The real 501c3 KTFM was left a hollow shell with near zero membership.  After launching his personal for profit forum he began pulling in money by selling all sorts of private memberships to vip clubs and other offers.

Back in December I did a post called Frankly Reeking where I addressed some of these issues.  I decided I might as well do a series to keep everyone apprised of my research on Frankie Frankie.

Below are a few posts made by Frank over the years with my comments in black:


Family Iraq says that they have 24 trillion dinars out in the world. Be careful ……do not choke on your tea. Silly rabbits ………of course not. There is no way they have that much even printed by De La Rue back in ’04. Now you have to also consider that we are talking about not only physical currency but electronic currency as well. The combination of these two may be capable of coming somewhere near the ball park of this so called 24 trillion……..but even that I am skeptical of. So let’s be as plain as the pimple on your nose GOI and be fair about you figures and remove the electronic cash you have been using to run your country for these past few years. Wouldn’t that put you in an ideal position to support the RI based on all the cash and gold and debt forgiveness and loans and of course least we forget …….that pimple that is very obvious. Oh by the way……if you think I did not notice that European banks have 280 tons of gold in their accounts belonging to you just waiting for the opportunity to have a reason to come home………then you are silly. There are just so many things GOI that makes your nose brighter than Rudolph’s.  (Well I guess they're still lying to us.  Latest figures show 30 trillion dinar outside of banks and 72 trillion in their M2.)

I received many calls yesterday about the article below. I was very surprised and rather confused to hear the disappointment over the article in a large percentage of the calls. LOP seems to have been the only explanation that some considered. Let me help You Family with …….. My point of view on this article. Like a head of lettuce ………. Let’s start with one leaf at a time. Notice how the first line says that “ Iraqi dinars are stacked at a teller’s window in a Najaf bank”. Remember our floor manager connection via the Russian Detective we have been reporting to You as intel the last few weeks? He said their vaults are jammed packed with LOWER DENOMS and causing inventory problems for the large denoms………. Remember?  (Well that was nearly two and a half years ago, Frank.  Why haven't they brought out these mythical LDs yet?)   

If You look at that picture of 25,000’s and 10,000’s IQDs ……….. they belong in the VAULTS ……….. not piled up……..stacked up on the counters where it takes room away from a teller. Their space is small enough as it is ! Banks do not normally advertise their currency by displaying it right in front of your nose in this manner………….. Silly Rabbits! The temptation to steal it becomes a factor by leaving it out in the open like this! No……….. They should be stored in the VAULTS………….. But there is no room ! Look at the next line…………. “The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL’s Radio Free Iraq (RFI) reports.” Do You have any idea how much of these IQD notes it takes just to buy the everyday necessities at markets to live on? Most Iraqi’s do not have refrigerators ………. modern conveniences …………. So they go daily to the markets to get their needs. That’s a lot of paper cash to have to carry because it is practically worthless. Family…………..Do You even know what the word “REDENOMINATE” means? If You did You would NOT have considered …… A LOP! It means to ADD VALUE to a currency………….. Not to take it away via a LOP.  (WRONG!  "Lop" is just slang for a redenomination because zeros are "lopped" off of the exchange rate when they replace the old hyperinflated currency with a new, more valuable currency.  No value is taken away.  It's simply transferred.) 

The next sentence even defines the word by telling You this process will ease the amount of IQD NOTES they will need to carry with them in the future. If it was a LOP…………It do the opposite. You’d have to carry twice as much …………Toilet paper. (How do yo figure that?  A redenomination doesn't reduce the value of anything.  You would carry the same number of notes with the same value, but with fewer zeros.  You're either lying or ignorant.) 

Let’s do one more paragraph ………. My fingers are hurting………LOL…J/K.  (Yeah, my head is hurting, too.  And I just threw up in my mouth.)
Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. What this sentence means is that when M pushes the button on the giant vacuum cleaner that will suck the 000’s back to the CBI ( THE RI !!!) (Insurance policies are re-instated.  Pre-hyperinflation exchange rates are not!) 

…………. It will create a hole …….. a void of IQD’s that will be replaced by the introduction of the LOWER DENOMS into the hands of the Iraqi citizens. This is needed because once the citizens start to use the currency………. Buy and exchange it between themselves it will only add stability and value to the IQD. This will be a process that may take all year . Of course ………. Communication is not at it’s full potential in Iraq yet . It will take some time to get ALL the INVESTMENT notes back to the CBI. BUT!!! It will only take a few days to launch the RI successfully. The 000’s will be destroyed ………… Never to be seen again.  (In a redenomination ALL of the old currency is demonetized.  And destroyed.  Never to be seen again.)

The USA had the same investment notes in the early 1900’s…………. But no longer needed. That’s pretty much what they are saying with the next line.…” Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.”  (No, that's not what they're saying.  They're describing a redenomination.  The US has never redenominated as a result of hyperinflation.)

This last line is important in understanding that the INVESTOR note will still be recognizable and accepted until they are totally removed from circulation and replaced completely by the ………… LOWER DENOMS!  (Sorry, folks.  This is talking about a lop.  Nobody gets rich from a lop.)

“ Economic analyst Hilal al-Tahhan told RFI that the bank’s move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.”
Iraq Planning Currency Redenomination
Iraqi dinars are stacked at a teller’s window in a Najaf bank.
February 06, 2010
BAGHDAD — The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL’s Radio Free Iraq (RFI) reports.  Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.
Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.  Both will be legal tender in Iraq until the old notes are completely withdrawn.
Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan.
Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq’s money supply is cash in circulation.  Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.

Economic analyst Hilal al-Tahhan told RFI that the bank’s move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy.


Iraq’s stock exchange wants to be traded worldwide. But, stock exchanges don’t want penny stocks (stocks worth less than $1.00) on their boards. Many of Iraq’s stocks aren’t worth a penny, until after an RI. So their stock exchange and their stocks won’t be accepted or respected until they RI. Do you think they want their economy and stocks respected? Their budget is in the red. An RI would fix that. As it is………. they may run out of money. Do you think they want that? They want to be a full member of the WTO. Having a currency that isfully convertible worldwide is a condition of membership. An RI would set them up to have that!  (So how is it that S. Korea is in the WTO with a currency worth about what the dinar is worth?)


For almost three weeks I have slowly told you about the activities of an investment company who’s name I protected as requested. They met with their employees on the 9th and taught them how to sell to their “new future clients” their investment packages. They were also told not to buy more dinars because it would be a conflict of interest. They also went over the usage of a De La Rue machine. Well Family……….I have another large investment group that did literally step by step……..the very same thing. This company is called Cullen/Frost Bankers Inc. Below is some info about this company.
Cullen/Frost Bankers, Inc. Company Profile
One of the largest independent bank holding companies based in Texas, Cullen/Frost Bankers owns Frost National Bank through a second-tier holding company, the New Galveston Company. The community-oriented bank serves individuals and local businesses, as well as clients in neighboring parts of Mexico, through more than 100 branches in Texas metropolitan areas. It offers commercial and consumer deposit products and loans, trust and investment management services, mutual funds, insurance, capital markets and brokerage services, and correspondent banking. Subsidiaries include Frost Insurance Agency, Frost Brokerage Services, Frost Investment Advisors, and investment banking arm Frost Securities.

We have BOA and Chase sources telling us of the 16th. I was told today that on a UK site ………which I trust…….has told us that Thomson Reuters also has shown the date of the 16th since November. This was coming from Wall Street sources as well. Finally we learned from military over the weekend that the 16th was well known to them as well.  (That's all very impressive, Frank.  You're obviously well connected ...... to people with no clue.)


Good evening Family,
So Frank26……..what happened to the Sweet 16th? Well…… has come and apparently……’s going. This was the second time in my 14 months with you that I have actually given you a “date” for the RI to be announced. Well I won’t do that again……..LOL.  (No, you just let Delta do it for you, now.)


We are paying close attention to the ATM machines in Iraq that we know for a fact are filled with lower denoms. A few years ago I used to buy cases of lettuce for the restaurant. But because business is so slow……..I only buy half a case per week now. You see……….if I had all that extra UNUSED lettuce in the refrigerator……….it would simply spoil. It would be my loss for not calculating properly. This inventory of lower denoms in the ATM machines and bank vaults will become a huge problem if they do not RI soon. Without the RI………these lower denoms are useless! Warka has desperately set up these ATM machines and they are desperately in need for these machines to serve a purpose. We have been telling you about these ATM machines for many months now. One final note……..these ATM machines are BUILT for lower denoms. NOT FOR ……….the LARGE COMBERSOM 000 NOTES. Interesting how the electronic banking systems of Iraq are ready to go but still no RI announcement. Seems to me both man and machine are at the mercy of someone in the GOI to make the announcement.  (Geeez!  They've been sitting there for two and a half years now?  Guess that lettuce is rotten by now, huh?)


Family………….. if all goes well at the UN could Iraq give us the RI on the 25th? IMO they would have until the 28th because they always wait until the last nanosecond to do what they have to do. But here is the problem with the 28th…….it’s Muhammad’s birthday. It’s possible that they will close on that day………..too bad………..I like Sundays. The next day which is the 1st of March will require the RI to be in place. So this window looks to be from now until the 27th if they close on the 28th. On the 1st the GOI has to pay it’s retiree’s pension plans. How about the government workers that were salaried reduced from $940,000 dinars to $940.00 ? For that matter…………how about the most important thing…….their 2010 budget? All three of these require a higher rate than what they have right now for the IQD. So if nothing happens between now and the 27th………..the GOI has a lot of explaining to do to her people.
I love the article from last week that said they were going to REDENOMINATE the Iraqi currency……….didn’t you?! You redenominate a nation’s currency for one of two reasons. The country has high inflation ……..which Iraq does not. Or because a country’s currency is undervalued………which Iraq’s is  (Yeah, well it didn't happen did it?  And no, you don't RD only when a country has high inflation.  You usually RD after hyperinflation has ended and the exchange rate has stabilized.  And no, the IQD is not undervalued.  It's in a hyperinflated state, but the exchange rate is right in line with the M2 and the foreign currency reserves.  But even if it was undervalued, you don't redenominate to adjust it.  You revalue.  That's what a revaluation is - a simple adjustment of usually 2-5%.)


Finally Family……… I tell you this story stay calm because it just came in to me as I was working on today’s post and I should have verification by tonight if it is true. A gentleman goes to a bank in Houston, Texas to check on the IQD and he takes with him a $10,000 dinar note. He asked the teller what the rate was and she looks it up on her screen and says that it is showing at .32. He says may I cash it in? She gives him $3,200.00 and a receipt. The copy of the receipt is being sent to me and I will spend today and tomorrow verifying it’s authenticity. How many times have I told you Family to pay attention to currency converter sites? How many times have I told you that we have seen these rates mysteriously appear In the Still of the Night and then …….just as quickly disappear? If this story is true……..this dear Brother of ours was at the right place at the right time. By law………the bank has to pay him EXACTLY what the rate is at the time he requested. If the rate was not up 5 minutes later and they cashed him out………’s not his fault  (How about you confirm these BS stories first, and then tell us?)


if the IQD should float let’s say on FOREX ………it would be the equivalent of an RI for us. IMO……..we would be talking about less than 3 months for the IQD to hit 3+. Wall Street is salivating at the opportunity of trading the IQD. They can’t mess with penny stocks right now but they know the moment this currency is internationally recognizable they will put it on the wings of Phoenix and watch as it soars to great heights NOT ONCE EVER getting close……….to the Sun. The IQD whether RI’d or allowed to float………..will become the most powerful currency on this planet.  (If the IQD were to "float" it would actually sink.  Even backing it 100% with their foreign currency reserves they can't maintain the official value on the streets.  There is no international confidence right now in Iraq or its currency.  People are hopeful, and perhaps guardedly optimistic, but hardly confident enough to snatch up a buttload of IQD and drive the value up to $3.)


You bought a stock called IQD, for a dividend called RI/RV which produces a product called oil that will return our dividend during phase 2 based on oil.  (Currency is not stock.  This is one of the biggest lies told by douchebags pumping dinar.  Breitling and Brad Huebner also made this claim but it's not true.  Stocks increase in value as companies grow, but most growing economies have a depreciating currency.) 

For further consideration: (CC with Okie in Nov. 2010 - It's happening now!) (20 trillion dinar in the US?)

I guess that's enough for now.  I'll update everybody as I have more.