Monday, March 25, 2013

CBI Policy

One of the better known gurus talks about watching the policies coming out of Iraq, and states that we know what they're going to do by watching those policies.  He talks about laws being passed and business deals being made, but for some reasons he never mentions their policy of exchange rate stability.  Well here's the stated policy in an IMF document from 2010.

"The Central Bank of Iraq has been conducting foreign exchange auction on a daily basis since October 4, 2003. The central bank followed a policy of exchange rate stability which has translated in a de facto peg of the exchange rate since early 2004. However, from November 2006 until end 2008, the CBI allowed the exchange rate to gradually appreciate. As a result, the exchange rate arrangement of Iraq was reclassified to the category of crawling peg effective November 1, 2006. Since the start of 2009, the CBI returned to its earlier policy of maintaining a stable dinar. Consequently, the exchange rate arrangement of Iraq was reclassified effective January 1 2009 as a stabilized arrangement." 

(Look under ANNEX I. IRAQ: RELATIONS WITH THE FUND AS OF DECEMBER 31, 2009 and scroll down to IX. Exchange rate arrangement)

Then there are the videos of Shabibi when he was in Washington, D.C. in 2011 talking about CBI policy.  Watch these videos and see if you can count the times he used the words "stable", "stability", and "stabilization".

There's your policy right there, folks.  Stability.  Wondering what the holdup is for the RV?  Well now you know.  It's not Maliki.  It's not "Chapter 7".  It's not the HCL.  It's not Erbil.  It's not the Kurds.  It's not Kuwait.  It's not Obama.  It's not Talibani, Barzani, al-Sadr, Allawi, Lagarde, Madame Wu, the "Powers That Be" or anybody else.  It's the CBI's policy.  They don't want to raise the value unless they have to.  It's that simple.  Since early 2009 the official value of the dinar has indeed remained quite stable, experiencing only one small increase in value in January of 2012.  So I submit to you that based on their stated policy and their actions since 2009 we can confidently predict what they will do in the future.  They'll most likely do the same thing they've been doing - maintaining a stable dinar.  Anybody who tells you that their policy is anything else should be able to provide a document or two to support their claim like I just did.  If they can't then they're probably just a lying, scamming douchebag. 


Friday, March 15, 2013

More of the Best of Adam Montana

Adam Montana has established a reputation among his followers as a responsible guru who doesn't wrecklessly throw bogus intel and outlandish RV rates around.  I thought it might be good to go through some archives of Adam's posts to see just how well deserved that reputation might be.  Here's what I found from three years ago. 


10:05 PM [Adam Montana] the Finance Minister of Iraq has negotiated a business deal with Oman, encouraging the countries to invest in the other’s country
10:05 PM [Adam Montana] that’s public knowledge
10:05 PM [Adam Montana] what is NOT public knowledge is what they are using as a bargaining tool
10:05 PM [Adam Montana] this is slick
10:05 PM [Adam Montana] they’re getting investors BEFORE the RV
10:06 PM [Adam Montana] by offering sweetheart deals
10:06 PM [Adam Montana] and it sounds like they’re using a “possible” exchange rate
10:06 PM [Adam Montana] alongside the current exchange rate
10:06 PM [Adam Montana] as negotiating tools
10:06 PM [Adam Montana] if this RV was far off, I don’t think tis knowledge would be getting out
10:06 PM [Adam Montana] because COUNTRIES would be getting ticked
10:06 PM [Adam Montana] and backing out
10:07 PM [Adam Montana] but if it happens soon… some countries get the shaft
10:07 PM [Adam Montana] and some get cut in
10:07 PM [Adam Montana] like China
10:07 PM [Adam Montana] China makes out BIG 


1:22 PM [Adam Montana] ok… you already know I have a contact at the CBI
1:22 PM [Adam Montana] he’s ben waiting for some confirmation on a few things
1:22 PM [Adam Montana] I know what they are
1:23 PM [Adam Montana] he said earlier this month that something big was going to happen
1:23 PM [Adam Montana] and the budget was aproved
1:23 PM [Adam Montana] then he said more is coming
1:23 PM [Adam Montana] and this talk of redenominating comes
1:23 PM [Adam Montana] now he tells me
1:24 PM [Adam Montana] Adam, we’re going to see the biggest news we;ve ever seen in less than a week

1:24 PM [Adam Montana] I’ll post his exact email in VIP
1:24 PM [Adam Montana] but I want EVERYONE to know
1:24 PM [Adam Montana] that if this is what it sounds like
1:24 PM [Adam Montana] this website is going to crash from all the people coming here and al the other dinar sites on the net
1:25 PM [Adam Montana] so tonight the site os going to be down for an hour or so in the middle of the night
1:25 PM [Adam Montana] I’m quadrupling the server specs
1:25 PM [Adam Montana] that’s it for now. Don’t freak out if the server is down tonight, I just told you why


8:24 AM [Adam Montana] sometime tthis week
8:24 AM [Adam Montana] within the week, he said
8:24 AM [jtl] Adam Montana , rv or chapter 7
8:24 AM [LazySusan] Adam Montana what is "IT?" if you don't mind ...
8:24 AM [pnut113] hypr..ok..yw..good get gone..go see your momma... and be careful.
8:24 AM [hypr2001] GJM ty
8:24 AM [Adam Montana]
his intel is that we'll be trading big denoms for small denoms shortly
8:24 AM [AndyE0415] Adam, did you see what grumpy posted in chat?
8:24 AM [Adam Montana] then the Dinar will increase rapidly
8:24 AM [Adam Montana] Andy I missed it
8:24 AM [Adam Montana] what was that>?
8:24 AM [digital11] adam, any idea how we'll do that?
8:24 AM [MoneyFreak] so how does that work
8:24 AM [hypr2001] bigfoot I will bud as I can anyway
8:25 AM [kizer8] what does trading big denoms for small denoms mean?
8:25 AM [MoneyFreak] sorry adam do we lose money
8:25 AM [Adam Montana] LazySusan IT is short for Information Technology I think
8:25 AM [Adam Montana] that's what IT is
8:25 AM [LazySusan] Adam Montana oh hardy har har
8:25 AM [Adam Montana] so - thats what I have so far
8:25 AM [Adam Montana] LazySusan
8:26 AM [Lepoc2635] Adam Montana so no cashing in post rv, we have to down size first?
8:26 AM [Adam Montana] AndyE0415 that's coming soon


9:21 PM [Adam Montana] the reason Sonny1 is talking about the next 72 hours
9:21 PM [Adam Montana] I know this because I've done conference calls with this person he's talking about
9:21 PM [Adam Montana] the guy is amazing
9:21 PM [Adam Montana] calls news before it happens
9:21 PM [Adam Montana] I've personally witnessed it 3 times
9:21 PM [Adam Montana] and been privileged enough to make some money on it once
9:21 PM [Adam Montana] but that's Sonny's deal, it's not my contact
9:22 PM [Adam Montana] I'm hearing some amazing stuff as well.  I truly believe we are a VERY short time away from this being done

9:23 PM [Adam Montana] listen, this is simple
9:23 PM [Adam Montana] after this is al over, we all move on with our lives
9:23 PM [Adam Montana] some of you will make a lot of money
9:23 PM [Adam Montana] some of you are just here and never even bought a 25 dinar note
9:23 PM [Adam Montana] I don't know what you're doing here, but you know who you are
9:23 PM [Adam Montana] the rest of us, who are serious investors
9:24 PM [Adam Montana] and are planning on doing more than SITTING ON A BEACH for the rest of our lives
9:24 PM [Adam Montana] are already planning ahead

9:24 PM [Adam Montana] so if you can't see past the RV
9:24 PM [Adam Montana] and you can't see what you would want to do after
9:24 PM [Adam Montana] then you're not the type to be involved in the group I'm forming
9:25 PM [Adam Montana] but in the VIP room, we're already starting to talk about other investments and ways we can help our families and other people as well
9:25 PM [Adam Montana] so.. long story short
9:25 PM [Adam Montana] don't worry about what me or anyone else does in their free time, it's not important to the RV
9:26 PM [Adam Montana] if you plan on hanging out on a beach with umbrella drinks for the rest of your life after you get a couple bucks more power to you


[Adam Montana] evening everyone
[Adam Montana] i spent the day at a birthday party for a 2 year old godson**
[jwb] MOD THE room?? yabba dabba doo, it’s real!!
[Adam Montana] and also answering my phone**
[Adam Montana] it rang AT LEAST 30 times
[Adam Montana] I had to turn my ringer off
[jwb] can I have your number, too??
[Adam Montana] no
[Adam Montana] sorry**
[Adam Montana] I mentioned August
[Adam Montana] look, you guys!
[Adam Montana] just because I mentioned August doesn’t mean we can’t cash in till August!
[Adam Montana] there’s a ton of reasons why this should and coud happen way before then
[Adam Montana] and I have a few friends that do major investments for huge firms
[Adam Montana] that are thinking August woudl be the END of the cash in period if it happens quickly
[Adam Montana] because they will want to have a specific end date on a few thigns
[Adam Montana] so please chll out – I mention on date further out than Tuesday and my phone blows up
[Adam Montana] and that’s not what I meant at all**
[Adam Montana] this is still looking good for the very near future
[Adam Montana] my CBI contact is still optimistic that things are going great right now
[grumpy] whats up with the August you chated about this morning?
[Adam Montana] and I’ve ben speaking to some major players in investment world that are in agreement
[Adam Montana] all roads are leading to RV right now
[Adam Montana] so tell your friends to stop telling their friends to tell their momns and uncles to call me
[Adam Montana] this is not bad news**
[Adam Montana] that’s all, unmod
[Adam Montana] I only have a couple minutes


[Adam Montana] first the RV news
[Adam Montana] there isn't anything huge right now
[Adam Montana] I just got an email back from my CBI
[Adam Montana] contact
[Adam Montana] nothing happened today
[Adam Montana] he mentioned August, which is kind of important
[Adam Montana] no country has ever RVd while occupied to my immediate knowledge
[Mdautomotive] Adam Montana don't they have to be out of chap7 by june?
[Adam Montana] and Obamma the Tax Slamma Debt Jamma
[Adam Montana] has said that we plan to have all troops out buy August
[Adam Montana] so unoccupied = go RV IMO

[Adam Montana] Mdautomotive that's not confirmed
[tim harrison] Went from days to months now 
[constance_ranaldson] Adam Montana no rv until August 2010?
[Adam Montana] we're still looking for some good news this week - just because it didn't happen today doens't mean tonight or tomorrow will bea big announcement
[Adam Montana] constance_ranaldson no that's not what I'm saying
[Adam Montana] I'm just saying it's an important event to keep in mind
[Adam Montana] you have to underrstand the entire picture
[Adam Montana] not just "RV = money"
[Adam Montana] I know a lot of people who own or manage dinar sites like to say "tomorrow it RVs and you are rich!!!"
[Adam Montana] \I'm not like that


[Adam Montana] ok everyone in the VIP room has seen the exact emails up till now, but I know there’s a lot of new people here
[Adam Montana] so I’ll summarize
[Adam Montana] months ago I was contacted by a worker in the CBI (Central Bank of Iraq)
[Adam Montana] this person works directly under one of the head honchos
[Adam Montana] that’s all the information I’ll give about him
[Adam Montana] he’s sent me several bits of information that Iposted on my blog, here on the chat, and in VIP
[Adam Montana] some of it has been weeks early
[Adam Montana] some of it days early
[Adam Montana] some of it coincides with what were already seeing
[Adam Montana] either way, very legit stuff
[Adam Montana] last week he mentioned that he thought we were less than a week from a major announcement
[Adam Montana] we’re almost at the end of that week time frame
[Adam Montana] and on Friday he told me that a president
[Adam Montana] let me grab his name, it’s not Malikii…
[Adam Montana] Massoud Barzani
[Adam Montana] I belive he’s the Kurdish president…
[Adam Montana] yeah, that’s correct
[Adam Montana] today (last night for us in the US) Kurdish President al-Barazani made a public statement about the country moving forward under government control etc, no longer under the control of a dictator
[Adam Montana] my contact at the CBI said after the announcement was over, his superior at the CBI
[Adam Montana] who listened to the whole announcement
[Adam Montana] was TICKED. Stormed out of the office, apparently
[Adam Montana] the announcement was suppposed to come today, I think
[Adam Montana] it was supposed to be part of the news TODAY
[Adam Montana] I don’t know why it wasn’t, but that’s what I am told
[Adam Montana] either way – if it was supposed to be announced today, and a superior of my contact was actually mad that it wasn’t announced today – that means we’re CLOSE. REAL close.


This is going to you because you are a VIP member, please do not forward this. I have NEVER done this, you can ask anyone - but we are on high alert for this weekend. You know I've never given a rate or a date, so you also know this is an unprecedentedan unprecedented message - this is serious! I have reason to believe this weekend is it, we're done, and it is OVER... in a good way! I can't give more info than that, but I should be able to tomorrow in the new VIP chat. Again, this is VIP INFO ONLY.There are over 10,000 members on this forum and another 13,000 on the newsletter... I simply cannot answer PMs or emails one at a time on this issue, so it will be discussed tomorrow on the VIP chat. Thank you for your support, thank hank you for being VIP, and I look forward to working with you on further investments POST RV! -A


gankans: I'm thinking that CBI sales will go in the tank, because they will shut down sales, or they are going to go through the roof first and then they will be forced to RV. The media will help that along I hope soon.
Adam Montana: am I crazy or did I cal it?
gankans: You called it!
AC76: looks like you nailed it to me
ladwiss: Do you think the cbi is waiting for study results like that article says? Or just smoke
amargiot: you called it, but we are all a little crazy...
Adam Montana: man! Like I said, i am STOKED! This is coming to a close in a big hurry, the wait is almost over everyone!
ralpher: Adam - Current exchange rate reasonable???
lor: you called it!
Adam Montana: lol amargiot no kidding
Adam Montana: ralpher it's not
markisuncfan: hey Adam
govets: Adam, are we looking at this week, maybe????
kipgolf: CBI has to have study results by now
Adam Montana: ladwiss no way CBI is REALLY waiting for THOSE results
ralpher: Agree
Adam Montana: they may be stalling, but the cat is out of the bag
Adam Montana: govets it really for the first time EVER looks like it might be this week
tuxunder: adam, how do you see this going down, will they announce it to their ppl, or will it just show up. I would think they would have to explain it to their ppl first
Adam Montana: could be longer, but we're CLOSE
Adam Montana: you know I'm conservative with predictions
govets: wooooo hooooo, yes, agree, we are close.
braywilkins: Please what cat....what bag
AC76: Looks to me like Maliki called CBI out and they are a little upset at being forced into re eval
ladwiss: right on
Adam Montana: tux there will be a massive education campaign either way, but it might be a surprise POP to stave off even HEAVIER speculation
gankans: Adam, Ali said he was surprised and upset that they didn't RV by this morning.
Adam Montana: I don't believe a word Ali says
lor: new budget year as of today right?
Adam Montana: he's told me and others one thing and then retracted it within 30 minutes
lancer22: very true
gankans: That clears that up!
sissy: me either
Adam Montana: the Dinars always seem to show up, but the guy is a lying snake as far as I'm concerned
bambi: adam when does the budget start?
]AC76: ALi will say what ever you want to hear
markisuncfan: Adam....ouch. That meaning also about trade in with him?
ralpher: he has his own agenda
btuxunder: if they are telegraphing this, I would think soon
Adam Montana: mark I hate to say it, but my dinars won't be going anywhere near him when it's time to cash in
gankans: How do you truly feel?
bambi: and does the budget include the new rate?
Adam Montana: ralpher he does
Linda Bower: Tampa Dinar said they could cash people in
braywilkins: Please, what kind of time frame (weeks, months etc) and what price?
markisuncfan: well booger. LOL time to reformulate another game plan.
Adam Montana: mark don't worry about cashing in, banks will start taking Dinars again
Charlie Echo: Good to here your opinion on Ali... I had thought that would be a good thing.. but not now..
gankans: You and sonny1 would know his agenda more than anyone. Thanks for your view on him.
tuxunder: cbi guy think we are close as well
tuxunder: does?
Adam Montana: YES!
markisuncfan: Adam I know...but at what spread is what I am concerned about
Adam Montana: he confirmed this CBI info last week
Adam Montana: mark if Ali screws you at cash in, you'll wish you'd paid the spread through your bank
bambi: still thinking before march 7th?
govets: Cooooool!
GJM: Adam do you and the CBI guy still believe over $1?
Linda Bower: Adam do you think it is still in the works for before the election???
Adam Montana: gankans I've talked to him quite a bit, he's told me conflicting stories on the same phone call
tuxunder: If anything I would cash in with Ali in increments
AC76: should be plenty of time after RV to find a bank to cash you in at a good rate to get your deposit later
markisuncfan: Adam.... LOL he get away with it if ya know where I am coming from
Adam Montana: GJM I don't know how long it will take to get to over $1 - it might come out at a penny or a dime then climb
ladwiss: Adam did you hear anything about pay going from say 900,000 to 900?
ralpher: banks will probably negotiate spread
ToddS: Thank you for letting people know that
Adam Montana: it will get over a dollar, but I don't know what time frame
tuxunder: maybe ten million per transaction
tuxunder: adam what do you think of the danger of coming out to low theory where their country is bought up
Adam Montana: heck yes amargiot!
govets: Adam, do you think the article that came out in reference to the candidate that is calling for a stop to the rv is going to stall it in anyway?
Adam Montana: that's open to a lot of calculation... I've heard that if they come out low
Adam Montana: it will encourage some speculative investments
timepiece: What did M gain by coming out if it doesn't RV by the 7th?
GJM: Adam - would lower denoms be a good way to go - 500 or less?
Adam Montana: but if they come out at $1
Adam Montana: then buy back at $2
Adam Montana: then grow to $3
Adam Montana: they still make profit, even though we ALSO made profit
Adam Montana: make sense?
GJM: yep
kipgolf: shalom babe at a dime i would cash some in and then buy the smaller denoms with proceeds
Linda Bower: I could go for 3
Doug A: Yes
tuxunder: i take it CBI guy never talks rate
Adam Montana: GJM possibly, I am going to get some more smaller denoms myself
ralpher: perfect sense
amargiot: so do you think new rate wont be pegged?
Adam Montana: tux he does, but I'm not passing that along - it's pure speculation
Adam Montana: amargiot I'm not sure
tuxunder: thx
Adam Montana: it depends on if they aim towards the GCC or not right away
bambi: adam your thoughts on rv before the 7th?
markisuncfan: Adam....when does your crystal ball say I can order my new bass boat? LOL kidding
Adam Montana: lol mark
tuxunder: adam, is IRS concerned with warka accounts
Adam Montana: bambi I think it may already be decided, but it may not be released till after the 7th. I really don't know
taxibound2: hey Adam! Do you think its to our advantage if Maliki wins??
Adam Montana: tux the IRS is concerned anywhere they might lose money lol
Adam Montana: taxi I'm not sure it matters - who can beat him?
Adam Montana: I don't think anyone stands a chance
markisuncfan: Riley..whats yeer locals saying??
lancer22: adam where are u going to get small denoms?
Adam Montana: lancer hang on, let me make a call real quick
janfan: Adam do you think the rv date and rate will be uncovered to us at the same time, or is it rving as we speak?
tuxunder: reason i ask is what would Iraq know about us cashing in when we do it here in the U.S. is there a chance we will have trouble with 25000 notes
msv957: Adam any new info with the IRS ?
mrref: Adam I think I will take your advise and hang to the dinars for a few days after it RV'S
Adam Montana: summary is it's looking good, I KNEW something like the CBI study was going to come out this week
markisuncfan: Adam....put me in for a lot of those 500's
machcobra: Adam, so you still feel things are here?
Adam Montana: that's why I shared what I did last week about the CBI IMF IRS meetings

This is just one month's worth of Montana nonsense.  There's plenty more.  He's toned it down a tad since then (he doesn't say "stoked" any more), and has perfected his shtick as the sophisticated middle aged Ivy Leaguer but his track record is still out there on the internet for anybody who is willing to dig a little. 

Going back a bit further to the time when he launched his blog Dinar Speculation in late 2009, "Adam" wrote:

"The investment potential is one many people are talking about, and for good reason. Consider Kuwait as an example – prior to 1990, the Kuwaiti Dinar was in the same boat – worth pennies on the dollar. However, the Kuwaiti Dinar is now the worlds strongest currency - if you had invested $1000 USD in Kuwaiti Dinars at the right time, your investment would now be worth over THREE MILLION USD."

That's a lie, as we now know.  Kuwait's official value was never lower than $3, and even the street value was never reported at less than a nickel.  In order for Adam's claim to be true the street value would have had to be about where the dinar is now - one tenth of a penny, and that's only if you bought them in that region during the time that Kuwait was under occupation by Iraq.  You couldn't buy Kuwaiti dinar at anything less than $3 from any American bank during that time. 

Then in October of 2009 "Adam" pledged to maintain a forum where people wouldn't be banned for speaking their minds.

"As long as I have something to do with the management of this forum, free speech will be the norm - not bans. INFORMATION is necessary to all of us in order to make wise decisions... I do not want to see this place become filled with nazi mentality mods, nor will it be a place where pumpers have the floor and questioners are beheaded."

Well I guess we all know how that turned out.  Since I started this blog his Dinar Vets forum has turned into a virtual slaughterhouse. 

Oh!  One other thing ....


“deadlines” are something site gurus pull out of thin air and use to chat about…you can look at 6 years of my chats and you will see that I NEVER gave a “deadline” for anything…a deadline, in Iraq, is just a date that will most likely get moved…PERIOD… they will not move if it’s too soon…there will be no RV until they are 100% ready …Things are falling in place, it’s just time for that final PUSH!!!!

No, you can't look at 6 years of his chats.  Not on dinar sites, anyway.  You might find six years of his chats at porn sites but "Adam" never chatted on dinar sites until 2009 - a few months after he learned about the dinar in late 2008. 

You can find more on my page "What'd I Say?"


Tuesday, March 5, 2013

March Update

Well surprise, surprise!  Another month has come and gone without "the RV".  Who could have imagined that?  Yours truly, that's who. 

I'm kicking back these days, taking care of things I neglected last year when I was kind of obsessed with researching and blogging about all of this skullduggery.  However, I still find time to browse a few forums and listen in on some of the calls.  The month of February saw a renewed expectancy with many, from talk of an end to Chapter 7, a deal with the Kuwaitis, the impending removal of Maliki, and the selection of Jack Lew as head of the Treasury.  All of this has nothing to do with dinar investors getting rich of course, but these douchebags never miss a chance to mislead.

Before I go any further I'd like to talk about a story I read that has nothing directly to do with the dinar.  It's a story about a member of a famous gospel music family who has been convicted of defrauding investors of $8 million worth of Saudi oil bonds.  Michael Winans Jr. reportedly used church pulpits to promote this scheme that left many victims broke, divorced, and devestated.

The reason I brought this up is that many if not most dinar investors are Christian people who bought dinar because of the pitch they heard from some religious con artist who talked their language in order to sell them on the idea of buying it because it's a once-in-a-lifetime opportunity when in fact it is headed for demonetization.  This isn't the first time nor will it be the last that people of faith were exploited by douchebags.  Even in the bible the money changers were ripping people off as they came to the temple to offer their sacrifices.  More recently a number of similar examples have been reported.

Asian church founder arrested for $17+ million swindle

Greater Ministries' Ponzi Scheme

Jim Bakker and Heritage USA

Universal Church of the Kindgom of God (Brazil)

I could offer more examples but you get the point.  Lest anyone think that I'm bashing religion, I'm doing no such thing.  I'm a person of faith myself.  But I heed the admonition of scripture to "be wise as serpents and harmless as doves".  I've personally witnessed too much of this crap in the past, and this is part of what motivates me to do what I do. 

Submitted for your approval:
  • Get Team starts their conference calls off with prayer.
  • WangDang starts his calls with prayer.
  • Randy Koonce claims to be a Christian.
  • Okie Oilman claims to be a Christian.
  • SteveI from People's Dinar claims to be a Christian.
  • Roger Dorman talks about his faith.
  • Breitling talks about faith and prayer and thanks his listeners for their prayers.
  • Rudy Coenen (now indicted) talked about his love for Jesus.
  • Frank Villa (Frank26) prays on his conference calls and conducts "bible studies".
  • BGG either has Poppy pray on their calls or does the prayer himself.
  • Bruce from The BIG Call either prays or has FootForward pray on their calls.
Is it just a coincidence that so many gurus/pumpers are devout men of faith, or is it possible that these people have discovered that church people are easy prey?  Just a theory .....

Now to this month's update.  Recent examples of dinar douchebaggery include:

Adam Montana, who claims a recent trip to Belize to confirm that all systems are go with his offshore investment (OSI) post-RV program.  Actually this was from late January but I missed it in last month's post.

9:48 AM [Adam Montana] sorry mods, I didn't give you a heads up on this one.
9:48 AM [Adam Montana] Just a quick update, although it's probably more relevant to our VIP and OSI members than anyone else.
9:49 AM [Adam Montana] With the current state of things, it's starting to look like the stars are lining up in our favor
9:49 AM [Adam Montana] I'm not going to do another full on analysis at this time, check my last chat for that
9:50 AM [Adam Montana] but with the current state of things, I have been doing some confirming with our VIP banks both foreign and domestic
9:50 AM [Adam Montana] in fact I'm just leaving Belize, where I've spent a few days meeting with both our VIP cash-in banks and also our OSI partner banks
9:51 AM [Adam Montana] we are 100% ready to go with every outlet that I've made arrangements with...
9:51 AM [Adam Montana] and that applies to everyone, not just VIP members
9:51 AM [Adam Montana] I have 100% confirmation from several major banks that they DO have plans to move from "no dinar" to "bring it on!"
9:52 AM [Adam Montana] on a note that is strictly relevant to our offshore investor group - I've opened a few new doors and I'll be sharing that with you later this week
9:52 AM [Adam Montana] so... until that RV is announced, we still wait.

Frank Villa (Frank26), who did a conference call Feb. 25 in which he said:
  1.  Clinton revalued the Kuwaiti dinar to balance the budget in the 90s.  (14 min.)  There was no Kuwaiti RV, but even if there was Desert Storm was in 1991 and Clinton's balanced budget didn't materialize until 1998.
  2. The 2013 budget will contain the new rate (35 mins.)  These stories about the RV being in the budget have been around for at least three years, and every time they've been wrong
  3. I can call him any name I want, so I'll go with "douchebag".  (36 mins.)
  4. The CBI needs the 000 notes to use in international bank transactions.  (63 min.)  Why, pray tell, would the CBI need 000 notes for bank transactions when the whole world now handles these transactions electronically?  And if Iraq is concerned about counterfeit notes as they have stated repeatedly why would they want these 000 notes to remain in circulation if they're suddenly worth 3000 times more?
  5. Countries are now going to peg to the Iraqi dinar instead of the US dollar.  (72 min.)  This is too stupid to even bother with.  What a asshat douche!;0OTc3NDYwNjg=0

Breitling, who did a video claiming that people who know me told him that I was foaming at the mouth angry that he rebutted me.  This is pure fabrication.  The fact is when he rebutted me I talked to a few people about it and was laughing at his babbling, rambling, name-calling rant.  He actually had to restart his recording a couple of times because he got so worked up that he knocked his recording equipment loose.  I couldn't believe that he would put something that juvenile out there for worldwide consumption.   He then went on to say that everything I accused him of was a lie except for the name-calling.  However, in his rebuttal (which has now disappeared along with all of the videos I critiqued in "The Breitling Catalog") he admitted to getting a couple of things wrong after I pointed them out, so how was I lying?

Breitling also said that I never talk about the numbers, which is rubbish.  As my readers know I've talked numbers frequently.  Here's an excerpt from a post I did back in September called "Shabibi and Stability".

They're backing the dinar with their foreign currency reserves which are currently a little over $60 billion (recent reports have it up around $67 billion so I'm expecting that to be reflected soon in their M2 figures, which will probably be reported between 75 and 78 trillion by the end of the year) and they're backing all of it which includes the electronic currency as well as the cash. That's why you have to go by the M2 figures rather than the M1 which is only cash. The current M2 is a little over 70 trillion dinar. If you divide $60 billion by 70 trillion you get a figure of about $.000857. Sound familiar? That's the current value of the dinar. Now, why doesn't that change as their money supply increases? Because their foreign currency reserves are also growing. In fact, that's the very reason their money supply is growing. It's how they reflect the growth in those reserves and their economy. Here's how it works. (FCR = Foreign Currency Reserves)

$40 billion (FCR) x 1170 = 46.8 trillion dinar
$45 billion (FCR) x 1170 = 52.6 trillion dinar
$50 billion (FCR) x 1170 = 58.5 trillion dinar
$55 billion (FCR) x 1166 = 64.1 trillion dinar
$60 billion (FCR) x 1166 = 69.9 trillion dinar

These are all approximations of course. Money is constantly going in and out but this is pretty much what they're doing. As their foreign currency reserves grow they increase the money supply to the extent necessary to maintain equilibrium resulting in a stable exchange rate. They could leave the money supply as it is and just increase the value instead, but Shabibi wants stability in the exchange rate.

Now, according to the latest financials on the CBI website the M2 reached 75 trillion in December, just as I expected.

So the next time you hear somebody say "nobody has been right yet" just tell them that Sammy was right about the M2 for 2012. 

The figures in yellow are tentative, but if they hold up we have to conclude that there are 75 trillion dinar in total.  Now according to a report in September of 2012 they expected their foreign currency reserves to reach $70 billion by the end of the year, so we divide $70 billion (FCR) by 75.5 trillion (M2) and we get about $.000927 which is slightly higher than the current value.  Of course if they haven't reached $70 billion in FCR yet the potential value would be lower.  Those are the numbers, folks.  There's really not much room for a big RV.  They could bump it up a few % with these numbers, but that's about it as long as they're backing the dinar 100%.

Speaking of Breitling, he has been pumping REIC, a MLM real estate scheme headed by a guy named Kris Krohn.  Well, take a gander at these links.

Douches of a feather ......

As I mentioned earlier, another topic siezed upon by several pumpers recently is the appointment of Jack Lew to the head of the U.S. Treasury.  Supposedly he was involved in the Kuwaiti "RV" and he's now in place to RV the Iraqi dinar.  I have been unable to find any documentation that Lew had anything to do with either Kuwait or their currency.  Lew worked in the Clinton administration from 1993-1994 but the Kuwaiti "RV" would have taken place during the Bush Sr. administration in 1991 after Saddam was removed from Kuwait.  Doesn't add up.

The story I'm really waiting for is the fraud and money laundering trials of Brad Huebner and Rudy Coenen.  If these clowns are convicted I have a feeling that it's "Katie bar the door" as other indictments are sure to follow.  I'll update if I hear anything.