http://www.transparency.org/files/content/pressrelease/CPI2013_map-and-country-results_english_embargoed.pdf
Currencies tend to reflect the confidence in the country behind them. What is Iraq like today? Is it blossoming into the quasi-paradise of its neighbors in Kuwait or United Arab Emirates? It is becoming the land of bounty, the reborn Babylon of old? Well according to this article, not even close.
http://m.vice.com/read/the-new-slums-of-baghdad?utm_source=vicetwitterus
Since coalition forces left Iraq the country has slid into the cultural abyss. How anybody could take an honest look at today's Iraq and conclude that they're going to have one of the most valuable currencies in the world in the forseeable future is mind-boggling. The gurus won't tell you this, but Iraq is a disaster. Far from the emerging nirvana presented in your typical dinar conference call, this is a country that is struggling to avoid civil war and a total collapse into a failed state. Sure, they have tons of oil. But as the article points out the oil industry produces comparatively few jobs and does little to improve the quality of life for the typical Iraqi. With widespread unemployment and poverty Iraq is fertile ground for anti-western sentiment and radical ideology.
In another article newly published, the escalating violence is reported to be responsible for 2,720 deaths since April 24. (Thanks to CFO for this link too.)
http://data.huffingtonpost.com/2013/12/a-wave-of-violence-sweeps-iraq
Corruption, deplorable living conditions, widespread carnage from terrorist activity ..... barring a lop, is there really any reason to expect this country's currency to do anything other than languish around a tenth of a penny for the foreseeable future?
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Oil will become the second mineral in Iraq: The discovery of Gold in the area of luxury in eastern Baghdad
ReplyDelete14/02/2012 13:11
Continue drilling operations in the area of luxury Aldajh populated eastern Baghdad after the discovery of the existence of huge quantities of atoms of gold metal in the soil … and continue exploration and drilling for more than two years in the region, under the street extending from Fudhaliyah until the end of the quarter-Obeidi, or so-called (Htit) a low water is used for the diversion of rain water in flood seasons, said that the leader Abd al-Karim Qasim is drilled.
Was raised thousands of tons of dust, which set aside in order to purification and extraction of gold atoms.
Says the citizen p. As. C, the drilling operations Taudnaha for more than thirty years of full and since I was young where it continues mechanisms digging the ground in alleys dilapidated and in the street Mayatal traffic and lead to suffocation of citizens and injury beams health prompted families to remove the elderly from the area and transferred to the suburbs beyond especially people with asthma and shortness of breath, he said, we did not know the reasons that push to drill here or there but we were surprised during the past two years to begin drilling operations is a natural and extends for several meters deep in the earth except for drilling longitudinal spanning more than ten kilometers, and then to hear from people that the subject matter related to the discovery of gold.
And Iraq is full of large quantities of petroleum which Aistvid from the Iraqi people which are exported huge quantities of it to global markets and money returns do not prepare for the Allens and countless citizen any of them, while there are other minerals in smaller quantities.
However, the discovery of gold in the luxury and commercial quantities could turn Iraq into a producer of gold more than oil, and pay the Western countries to re-occupation of as usual through the centuries passed his time, dusty, and is expected to increase the prices of real estate in this neighborhood modest start with the influx of job seekers Gold.
http://bit.ly/zNV2T5
As others have already pointed out it's mathmatically impossible for Iraq to produce more revenues from gold than from oil, so we have to look for a reasonable interpretation of this Arabish article. I'd say that by "a producer of gold more than oil" they mean "more than just oil". As of now Iraq's GDP is 90% oil, but in the future they could start producing gold at a volume that would make them known as a gold exporter as well as an oil exporter. That would take decades to achieve though, and even if it happens it's irrelevant as to the value of the dinar.
DeleteWhat if they pegged the dinar to oil and gold and a basket of currencies. Do you want my picture Sam so you can add me to the list of people you have exposed lol
DeleteJust a ?, when do you were in Iraq? Do you use an armore car? We do. Only open banks here are in GZ or on airport. You DB have not idea what is here!
DeleteI have never claimed to have been to Iraq hola.
DeleteMan you are a sad story. Recon you are one of the dinar prophet, without knowing what areyou preaching.
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ReplyDeleteDuplicate post.
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DeleteBecause you are trolling.
DeleteEconomist calls for a reduction of currency in circulation; Says GOI should adopt modern card systems
ReplyDelete10/24/2013 12:00 AM
called researcher economic state fair government banks to develop its adoption of modern technology to reduce the size of the money supply in circulation.
said in a statement (morning) that the systems of modern banking in the state banks would activate the automated systems of the card electronic what keeps more liquidity in the bank accounts.
confirmed just post 13 banks from private banks based clearing mechanism, which includes clearing instruments electronic.
showed researcher economic importance of expediting the transition to trading currencies mail through the deployment of banking culture because the citizen believes that government banks the best and safe from civil and more assured in recover his money in case of exposure to risk.
http://bit.ly/1gIQbRU
About the only thing that I can understand out of this article is that this guy thinks that Iraq's electronic banking system is developed enough for them to be able to reduce the money supply. It's basically just another article about deleting the zeros.
DeleteAlready answered back here. It's a badly translated article about Iraq's redenomination. And you're continuing to embarrass yourself by completely mis-understanding what a "redenomination" is. Just like last time...
DeleteYou're making progress! You seem to be understanding and acknowledging that Iraq has a lot of currency units and that it has to reduce the number if it expects each unit to have more value. Now just what do you think "reduction in currency" means? Exactly how is that accomplished? Are gov't officials going "reduce currency" by raiding homes and confiscating notes from piggy banks and wallets and burning them? Are they going to seize and close banks accounts? Or....are they going to demonetize by issuing new, redenominated notes? I'll bet if you think about it for a few minutes, you'll figure that one out also.
DeleteI'm proud of you, DB. You're coming around, whether you know it or not. Good work!
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ReplyDeletePlease do DinarBeliever. Because "RV's" are nothing more than external peg adjustments. They do not take any money out of circulation. So please go ahead and continue to inadvertently post more pro-lop articles like the one above... LOL.
DeleteHey, Hey DinarBeliever... got friends? -LOL!!!
DeleteGet ready guys. Recaps seems to be falling apart. Too many lies is finally catching up with them.
ReplyDeleteHere's a theory of mine,
DeleteMy theory is that people are starting to abandon this sinking ship in huge numbers now and I think it's very possible that as it snowballs and more people start to see it falling apart the panic will start within the next few months. I have noticed a big change in the Dinar forums, the one's I could tolerate long enough to scan over anyway, that there seems to be a definite trend toward doubt. That should not be surprising however because of the endless daily 100% wrong"intel" and notices that "It has happened", even the most numb-minded are starting to get tired of it. The surprising thing however is the tolerance some are starting to show toward so called "negativity" especially over at DV, some of those guys are getting away with things everyday now that would have gotten them banned in a heartbeat just a few months ago. Could it be that the indictment of that group last year and rumors of more indictments to come have had a chilling effect? I think that as more and more people have bailed on this BS scam the profit margin has shrunk nearly to the point it's just simply no longer worth the risk, but I could be wrong. Whatever the reasons, it seems that it is falling apart and people like Tony will soon be left with only his phantom members that he himself has created for the illusion of a large and loyal following.
Just an opinion but the next few months could be interesting.
You're right dwm. I've always found the forums and dinar recaps to be nauseating at best to include Dinar Recaps. Folk there who post opposing information continuously complained about not having their post approved. But I would occassionally visit to check for a glimpse of hope that these overaged juvenile behaved speculators would come around to reality. This last week or so I've made multiple visits discovering the very same behavior you've described. I posted yesterday a sample of growing commentary speaking against the likes of Tony's lies and how people are beginning to sell their dinar back. Good for them. Hopefully they can put a plug on the number of new dinar speculators so that a LOP of RV brainwashed can be drastically diminshed.
Delete"..at best to include Dinar Recaps." - Correction here. Should read "..at best to include DinarGuru".
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ReplyDeleteRaw nerve? You're embarrassing yourself and you lack any intelligence. You don't even comprehend the articles you post. You're just making the case for an RD. I thought that schools were better over there but apparently not.
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DeleteSo people who understand what a rd is and what the CBI is actually talking about are lopsters? Makes sense.
DeleteRunning round calling everyone "c*nts" every 5 minutes will get you banned on any site that doesn't want to be overrun with attention seeking 'bottom feeders' like yourself Dinarbeliever. Sam has been remarkably tolerant of your childish taunting, verbal abuse & "hit and run" style trolling, but over the past 24hrs you've finally revealed your true colours for all to see after becoming almost totally mentally unhinged after your catastrophic repeated humiliation over on the previous three topics for the whole world to see:-
Deletehttp://dinardouchebags.blogspot.co.uk/2013/12/i-just-came-across-this-article-from.html
http://dinardouchebags.blogspot.co.uk/2013/12/the-dinar-has-revalued.html
http://dinardouchebags.blogspot.co.uk/2013/12/december-update.html
Demanding that the "alternative" to DinarVets banning people for "negativity" (ie, honesty) should be to allow you to spew foul-mouthed abuse every 5 seconds on whatever forums you like unchallenged, or you'll cry "censorship! censorship!" is convincing no-one.
Dinar Vets : "No profanity"
Even your own regular "pro-RV" hangout bans people for posting half the childish cr*p you've posted here recently. The rest of this thread is filled up with your "ego-spam"...
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ReplyDeleteSeriously you're an imbecile. No one believes you so keep trying to play the victim. You made a fool of yourself and you have zero clue on what you're talking about. You're a troll and trying to save your image because of how horrible you made yourself look.
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DeleteWell, well a new tactic! Now you are going to try to portray yourself as the persecuted one but you won't get any sympathy from anyone because your past behavior speaks for itself.
DeleteDamage control????? Lol, dude wake up! First you would have to do some damage and you simply have not done that, rather you have provided not only an excellent platform for exposing common forum myths but you have actually lured some of your followers over from DV to see both you and the myths exposed for what they are. That wasn't damage pal that was an excellent opportunity!
So the people on DV that spoke the truth are "trolls". What does it say about a site that has to hide the truth and create a lopsters thread or ban people for pointing out what articles actually mean? I always get a laugh when someone posts a remove the zeros article in the news section and idiots over there are cheering for it claiming its great news. DV has a lot of nut jobs. As I said before....all the smart people either were banned or locked away in the lopster tank. It's now a site filled with paranoid, tea party, conspiracy, bible thumping idiots. It's become a joke and Adam has lost a lot members lately and a lot of people are selling their dinarson that site. His free ride is coming to an end very soon.
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ReplyDeleteThe only joke here is you DB.
ReplyDeleteLet's get back to what this new post was about which is Iraq. Iraq is imploding and are worse off now before we went in. They will never be anything other than oil it looks like. Their gov is out of control and bombs are going off daily. What business would want to risk their lives setting up shop over there. Every pro rv'er ignores what Iraq really is like and if they would read these articles and statistics they would see how doubtful making money is.
That's why they took Iraq out of chapter 7 sanctions to implode.
DeleteDaily bombings with the numbers of deaths increasing at an alarming rate, assassinations of officials almost commonplace, rampant corruption both in the private sector and the government, a dysfunctional government that can't agree on anything, Sectarian strife that has led to warnings from the government itself that Iraq is possibly on the verge of civil war, a broken infrastructure that can't even keep power running 24 hours a day and most of the country without power at all, no industrial infrastructure or manufacturing facilities capable of producing exportable goods, Yeah right, they are in FINE shape to become a world financial superpower, good grief they can't even get the street rate up on a par with the official rate!!!
DeleteThe fact is they are still a war torn third world level economy that relies almost solely on oil for survival that's faced with YEARS of recovery efforts before they can even begin to be a global player, and that's if they don't degrade into a civil conflict that rips them apart and currently that's exactly the direction they're headed!
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ReplyDeleteCFO said,
ReplyDelete" I always get a laugh when someone posts a remove the zeros article in the news section and idiots over there are cheering for it claiming its great news".
+1 on that! Those idiots are always cheerleading for a LOP and they're just too delusional to see what it is they're cheering for, I agree it's hilarious! Article after article and all are saying the same thing about deleting the zeros and they are either excited that maybe it's going to happen or disappointed when the article mentions postponement. I just don't understand how so many could be so blind, good grief it's like a bunch of the condemned cheering the executioner!!!
DB has admitted he's only here to troll, just ban him already. He's not capable of contributing anything to this site (or any other).
ReplyDeleteDB, the joke is you and your chosen site (DV) which, if you were a lopster comporting yourself in the matter you have here, not only would you be banned, your posts never would have been approved in the first place.
Grow up and get an education and make something of yourself. Maybe then you won't fall for every scam that comes down the pike.
Unfortunately I don't have that feature with this free blogging software. My only options are to put all comments on preview which will discourage discussion, delete all of his trolling posts, or just ignore him. For the record I didn't delete anything of substance. It was just a bunch of accusations and juvenile behaviour.
DeleteIf it's worth anything Sam, personally I don't feel discouraged by the former (preview). Although it does slow down the flow slightly, that's not a bad thing when you have one troll deliberately rapidly filling up each thread with childish one-liner taunts churning out 60, 70, 80 posts per day across several forums (only about half a dozen or so are on topic), and everyone else posting at a normal rate of 1-15. Nor is it a bad thing to do over the Xmas break when you're going to be with your family and not wanting to be hunched over a computer all day to stop it being spammed to death. Option 2 is entirely valid (though you might want to leave a couple of posts up just to show people how childish the average guru can act after losing the argument). Option 3 isn't really an option when someone's on a "crusade" and have declared their intention as such. In my experience that discourages people even more than preview (which may well be his underlying intention).
DeleteHere is how screwed up Iraq is.......................THEY CANNOT EVEN PULL OFF A CURRENCY REDENOMINATION!!!!!!!!!!! They are simply too unstable for one to be successful. Its a shame because this ripoff dinar scam has got to end. I cannot wait for the LOP. Caz will have to find another scam to defend, Dontlop will stop getting a paycheck, Dinarbeliever will be confused thinking it RVed and be at the bank calling the managers Lopsters and insisting that he is now rich, and I will be sitting back with a huge grin thinking about all of the wannabe "investors" that have to now get off of mommy and daddys computer and get a freaking job. O yes it will be a fine day indeed. Unfortunately that day seems like its going to be far off. Its hard to judge if Iraq will attempt the RD in the current environment. They seem to be dead set on doing it but at the same time they are worried (with good reason) about corruption and counterfeiting ruining the whole process. Lets face it......with bombs going off non stop, assassinations using silenced weapons, Iran pulling strings, corruption rampant at the highest levels, unemployment prevalent, on the brink of civil war, and some of the worst poverty on earth...............maybe its best that they wait to perform the redenomination. Uuuggghhh that was hard to say. That means Tony, Frank, Adam, Dontlop, and all the rest of the pumpers get free reign until Iraq gets it together which looks like an eternity. Lets hope that's not the case and we see the end of this scam in 2014. There have been some promising articles stating that they indeed will RD in the coming year but we have heard that before. Maybe they can make it their new years resolution. LOL.......GO LOP
ReplyDeleteBy the way.......nice job with the M2 reduction proof dinarbeliever. ROFLMAO......please bring us some more LOP articles to prove that Iraq will "RV". While you are at it maybe you can spin a translation and find an article saying Iraq has 3 trillion tons of silver too. Hahahahaha
LOL. Post redenomination, I can genuinely see a number of similarly confused people getting dragged out of their bank by security when they take in their $1,000 worth of Dinar and start shrieking "WHERE'S MY MISSING $999,000? YOU'VE STOLEN IT!" at the bewildered cashier after she gives them $1,000 (minus spread) in return...
DeleteIRAQ MONEY SUPPLY M2
ReplyDeleteBest to just click the Link
Money Supply M2 in Iraq decreased to 82605 IQD Billion in August of 2013 from 83707 IQD Billion in July of 2013. Money Supply M2 in Iraq is reported by the Central Bank of Iraq. From 2004 until 2013, Iraq Money Supply M2 averaged 38700.8 IQD Billion reaching an all time high of 84029.0 IQD Billion in June of 2013 and a record low of 7445.0 IQD Billion in January of 2004. Iraq Money Supply M2 includes M1 plus short-term time deposits in banks. This page contains - Iraq Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2013-11-20
MONEY SUPPLY M2 | Notes
Money Supply is the aggregate amount of monetary assets available in a country at a specific time. According to the Financial Times, Money Supply M0 and M1, also known as narrow money, includes coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M2 includes M1 plus short-term time deposits in banks. Money Supply M3 includes M2 plus longer-term time deposits. Money Supply includes M3 plus other deposits. And the term broad money is used to describe Money Supply M2, M3 or M4.
MONEY LAST PREVIOUS HIGHEST LOWEST FORECAST UNIT TREND INTEREST RATE 6.00 2013-10-31 6.00 20.00 6.00 6.00 2013-11-30 PERCENT interest-rate MONEY SUPPLY M0 70420.00 2013-09-30 69648.00 70420.00 6708.00 71905.78 2013-10-31 IQD BILLION money-supply-m0 MONEY SUPPLY M1 69546.00 2013-08-31 70801.00 70801.00 6294.00 69396.71 2013-09-30 IQD BILLION money-supply-m1 MONEY SUPPLY M2 82605.00 2013-08-31 83707.00 84029.00 7445.00 82766.33 2013-09-30 IQD BILLION money-supply-m2
MORE INDICATORS
http://www.tradingeconomics.com/iraq/money-supply-m2
The money supply does indeed fluctuate on a month to month basis, but following the annual totals the trend every year has been upward. They may have decreased from 83 trillion to 82 trillion in August, but I'm confident that it will be higher than 82 trillion come Jan. 1, 2014. A temporary decrease of 1-2% hardly qualifies as "they're reducing the money supply".
DeleteSerious question here, just what are you trying to show us with that link, here's a copy/paste of the very first words in the very first paragraph, am I missing something here it says INCREASED.
DeleteIraq Money Supply M2
Money Supply M2 in Iraq increased to 84695 IQD Billion in September of 2013 from 82605 IQD Billion in August of 2013. Money Supply M2 in Iraq is reported by the Central Bank of Iraq. Money Supply M2 in Iraq averaged 39093.89 IQD Billion from 2004 until 2013, reaching an all time high of 84695 IQD Billion in September of 2013 and a record low of 7445 IQD Billion in January of 2004. Iraq Money Supply M2 includes M1 plus short-term time deposits in banks. This page contains - Iraq Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2013-12-19
Overall there was an INCREASE (84675 Sept from 82605 in Aug) but you found a small dip in the graph and you think that's proof that Iraq is decreasing the money supply? Go back and look at what you linked to and then come back and explain how Iraq is decreasing it's money supply.
Well DB just posted this over at Dinar dum,,,,,,err vets,
DeleteFor the benefit of people here this is what basically got deleted and censored. I made a stamens that I did go to that toxic site to troll them after I got angry at what they were writing about me. I made it clear that the lopsters have been trolling various dinar sites for years especially this one. I made reference that Sam I am sends his lopster troops over here and other dinar sites to troll and cause trouble. They continually change their usernames on the dinar sites after getting banned. I wanted to give the lopsters a taste of their own medicine so I trolled their site for a change. Sam I am and the lopster wanted this deleting because they have an agenda to lie about the dinar. I think I am banned on that site or they are looking at my posts first. Either way the lopsters are sinister and they have an agenda. I'm now bored with what I have done and in the words of one of wisest person I have had the opportunity to converse with ' let's get back to the dinar.'
Hey DB, don't go away mad!! Lol
As has been repeatedly explained to you over and over Dinarbeliever, Iraq are increasing their money supply by about 10% per year. This was also clearly written in the IMF Report that you showed to us. It fluctuates from month to month but on average is going UP. NO significant amount of money has been taken out of circulation, and as dwm009 pointed out, your link has been updated since the last time you checked to show it's INCREASED again from Aug to Sept:-
Delete2013 Iraq's money supply:-
Jan - 75,779bn
Feb - 77,212bn
Mar - 78,465bn
Apr - 82,004bn
May - 82,594bn
June - 84.175bn
July - 83,669bn
Aug - 82,865bn
Sep - 84,695bn
Iraq still has 84tn (probably nearer 85tn now) Dinar - around 11.5% higher than the start of the year.
I never wrote anything about dinarbeleiver until he started trolling this blog. He is still welcome to ask questions and provide information that he feels supports his viewpoint, but I'm not going to tolerate any more of his childish behaviour. I have never sent anybody to troll on any site. What people do on their own initiative is up to them. In fact I have actually had opportunities to cause major disruptions from information provided to me and I passed them up. My only objective is to educate people about the dinar and expose the frauds and scammers.
DeleteAnd just to add - even if Iraq's money supply did fall by 1% per month, it would take over 850 years to fall to the point where an absurd 275,000% "RV" were even possible. Except that it wouldn't because the whole country would be plunged into a great depression, economic collapse and chaos & riots on the street long before that if the CBI confiscated 99.9% of Iraqi's money in real terms Communist-style without lopping. It would be the equivalent of reducing Iraq's wealth from a GDP PPP per capita of $6,000 to just $6 per year (leaving them 209x poorer than Ethiopia)... In reality it wouldn't actually get to that stage because Iraqi's would have long ditched the Dinar for $ or € due to a permanent liquidity crisis & currency shortages. No-one would be able to get any mortgages / loans because there wouldn't be enough money. All Iraqi banks would go bankrupt.
DeleteAnd that's precisely why Iraq are going to redenominate / lop, why all this "Iraq are going to reduce the money supply by 1,000x without lopping" is crazy talk by people trying to "twist the facts to fit the fantasy" who have no real clue how currencies work, and why the whole redenomination process exists in the first place to allow countries to remove the effects of prior inflation without screwing anything else up (international trade, purchasing power, liquidity, etc)...
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ReplyDeleteWhy do you even bother to ask? I mean REALLY? You don't listen to anything anyone tells you and you just spout insults and nonsense when you are shown to be wrong plus you have shown CLEARLY that anything you ask is just a ruse.
DeleteOnce again your own link clearly showed you to be wrong just as has happened with every single link you have provided, does that not tell you ANYTHING about your argument? I am not trying to snipe you here DB this is an honest question.
You posted something you though was going to support your argument that the money supply was being decreased but not only did your own link show an INCREASE it actually went on to say that the M2 had INCREASED TO AN ALL TIME HIGH!
Wow, man you need to step back and take a deep breath then rethink your argument!
Is this a serious question? Or are you just looking to waste people's time? So far, you haven't shown yourself to be very interested in learning. It's hard for us to take you seriously at this point.
DeleteAgreed dwm & networth. I was going to post a serious reply, but given he's still trying to play people off of each other in a fit of rage on other forums - what's the point indeed. Someone needs to tell him his "Jekyll & Hyde" act is no longer working. Personally, I've never posted anything to DinarVets or any pumper forum under any name (why bother - I'd be banned in a hour for posting "negativity" such as links to the Central Bank of Iraq or official CBI statements, LOL), and I've never posted here under any other name here (unlike several pumpers who genuinely have been caught using several "sock-puppets"). The whole of Dinar Vets is run by a man who isn't who he claims to be. That alone speaks volumes as to where the deception truly lies.
DeleteI dare say this baseless paranoid "they're all out to get me" persecution complex rising to the surface again is done deliberately for the purpose of obfuscation, as it always seems to occur just after he talks himself up on DV about "posting proof and destroying the lopsters" then promptly gets openly debunked by his very own links in front of everyone. TBH, I don't see the value in feeding his ego any further, even if he does post another seemingly genuine question here until he drops the cross-forum bi-polar act, calms down and starts acting like a grown up over on DV as well.
It's the nature of money for figures to fluctuate. For example, your income probably increases over the years, but there will be years where you work fewer hours or change jobs or lose your job where your income decreases. Your savings might increase over time but in an emergency you have to use some of it and so it takes a dip but you eventually make that up and more. GDP figures trend upward but they occasionally decline during recessions. As for Iraq's M2, it could have declined because of a slight decline in the foreign currency reserves, or a slight decline in the GDP. The CBI is constantly manipulating the amount of dinar and USD in circulation in order to manage the market exchange rate. Maybe they flooded USD into the market to bring the market rate up. That could have reduced the money supply a bit, but it's certainly no indication of a trend that would allow for a substantial revaluation.
DeleteDB THINK for just a minute here and reflect for a moment on what you have done and ask yourself if you would take anyone seriously that has done and said the things you have. Honestly I am not trying to call you names or be insulting but you have come across as a complete dimwit by repeatedly posting nonsense then thoroughly debunking your own arguments by providing links that CLEARLY show you to be wrong! You go over to DV and brag about "Trolling" this site but have you really? Think about it, how can making an ass of yourself and looking like a dimwit be considered trolling? Again I am honestly not trying to be insulting or indulging in senseless name calling rather I am trying to get you to see yourself as others do and just how silly you look with your antics. You went to DV with that silly post about being banned here (which obviously you were not) but do honestly think no one from DV has seen you here? Your buddies know full well what has gone on here and they know what was deleted so what is your point?
DeleteIf your true agenda was to support the notion that a massive "RV" of the Iraqi Dinar is somehow possible then you could not have done a worse job, you have shown the "Lopsters" as you call them to be right on every single point, often with links you yourself have provided yet you think you are "trolling"? Just the opposite dude you have only reinforced the "Lopsters" position and made all your pro "RV" arguments look silly so again I ask, what's your point in being here?
For all practical purposes he is banned. If he wants to ask questions I might permit it, but he has accused me of sending people to DV to disrupt the forum which isn't true, he has accused me of censorship which also isn't true as I only delete posts because of conduct rather than content, and he has admitted to coming here simply to disrupt the blog.
DeleteHe may have been here to disrupt but he in reality has done the exact opposite! There have not only been some common myths thoroughly debunked but I am certain some folks came here from DV and saw for themselves (I know of one for sure!) the truth and just what DB really is, in that sense he did a lot of good, albeit unintentional.
DeleteAll in all I would think this has been a really good discussion over the last few days!
Agreed, and my numbers have never been better. I didn't start this blog to make a lot of money, but his stunt is actually putting more money in my pocket.
DeleteI'm leaving comments on moderation, but feel free to comment. I'll be back in a few hours.
DeleteNumbers are up, just as I suspected! That means that lots of folks did come here and maybe they will do so often now that they have seen it for themselves and steer their friends this way too so that the truth can spread. While some may think the truth should be obvious that's not always the case, quite often myths and mis-information can thrive in an environment like over at DV. However when these same commonly accepted beliefs are confronted with irrefutable facts and logical explanation, fact and logic that is severely discouraged or even censored elsewhere, they often look so absurd the truths about them can no longer be denied.
DeleteKeep up the good work Sam!
In case someone reads this that really does want to know the answer: Oil revenues in dollars are exchanged for dinars. That causes the money supply AND reserves to go up. Auctions exchange dollars for dinars so importers can buy foreign goods. That causes the money supply AND reserves to go down. Month to month these effects are not going to always be balanced so the money supply can go up and down but as was stated above over the longer term the IQD supply is clearly going up (along with reserves).
DeleteThere are other factors as well of course. When a bank makes a loan that increases the supply and when the loan is paid back that decreases it, except for the interest paid which remains. This process has no inverse that I know of. When a central bank buys a bond from its government that also puts more money into the supply and when they sell those bonds back it decrease the supply (but again this only can decrease it back to what it was when the bond was purchased). The fed is engaged in this (quantitative easing or buying bonds) right now.
Note that even when the money supply goes down it does not help the exchange rate possibilities unless foreign reserves do not also go down proportionately. Likewise when the money supply goes up, but reserves do likewise that does not put negative pressure on the exchange rate. To allow for a higher rate you need the reserves to grown faster than the money supply or the money supply to decrease faster than reserves decrease. The CBI has been able to grow its reserves very slightly faster than the supply, so as to give themselves a little headroom if they needed to raise the exchange rate a percent or two at some point, but no way can this effect cause the giant increases the RV faithful dream about.
What I like about this blog is that the main contributors, as well as Sam, are intelligent, well thought out, and generally well spoken. If anything, DB has solidified the unity that's developed here. There is a solid "knowledge base" by many here, and for anyone looking for good, solid info to support the charade known as Dinar R/V, this place is the place to be.
ReplyDeleteDinar speculators who troll non-dinar forums are generally folk who are deeply disappointed with all of the pro RV information they continue to receive therefore that very emotion triggers an evil desire to lash out at those who do not share the same sentiment as them with the so-called investment. DinarBeliever has certain fit that profile and proven several times repeatedly. He's even admitted to that behavior by disclosing his "trolling" agenda both here and at DV. So while he does not admit it he's his own enemy!!
ReplyDeleteGlad to see that numbers are up Sam. Keep up the good work. GO LOP!!!!!!!!!
ReplyDelete"This could go down as the best self destruction ponzi scheme of all time."
ReplyDeleteAs you can see the Tony TNT followers are getting ansi as they continue to increasingly growing suspicious and doubtful. LOL!!
Its not a ponzi scheme. That is where early investors get a return claimed to be profits but that is really just the capital from new investors. With the IQD no one is making money or will make any. Its all just false promises feeding people's desire to get rich. I'd say "get rich quick", but since this has been going on for 8 or 10 years, its been anything but. Its amazing its still going on.
ReplyDeleteIt's difficult to classify exactly what it is as it overlaps several areas. It's basically a Forex mis-selling scam that heavily overlaps into the area of "Advance Fee Fraud" (where someone tries to sell you something then claims someone else will give you many thousand times more money for it in the future, all held together by the claim of 'knowing a secret' and stringing them along with excuses to keep 'kicking the can down the road'). For many, the 'secrecy' is the drug, the underlying conspiracy mindset driving the ongoing 'craving' and the constant search for "Intel" the 'fix'.
DeleteIt also overlaps into "affinity scams". In fact, someone posted an excellent observation last month of those who "pump for Jesus":-
Dinar "investments" - the textbook religious affinity scam?
http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=9666
Speaking of TNT Tony, Sam is far better at digging into this stuff than myself, but is this a Docket against "TNT Tony" for another scam?
https://www.docketalarm.com/cases/Kansas_District_Court/2--12-cr-20041/USA_v._Renfrow_et_al/docs/1.pdf
Anthony Renfrow, Holton Buggs, Bill Fox Scam, HYI scam. If you lost money in the 14dailyplus scam please contact the appropriate authorities. Below is a list of the different agencies that should be contacted in order to further the criminal case against these individuals:-
http://www.ripoffreport.com/r/14-Daily-Plus-Tony-Renfrow-Bill-Fox-Holton-Buggs/Folsom-California/Anthony-Renfrow-Holton-Buggs-Bill-Fox-Scam-HYI-scam-clicking-scam-surfing-site-scam-F-269021
"Order of release of person in custody" (Anthony Renfrow):-
http://www.gpo.gov/fdsys/pkg/USCOURTS-caed-2_12-mj-00126/pdf/USCOURTS-caed-2_12-mj-00126-0.pdf
Tony Renfrow gives secrets of his success in MLM:-
https://myspace.com/338701371/videos
Order and permanent injunction:-
It is therefore ORDERED, pursuant to 26 U.S.C. §§ 7402, 7407, and 7408, that defendant Renfrow, Ideal Tax Services, and First Class Limousine, and their agents, representatives, employees, successors, and all other persons or entities in active concert or participation with defendant Renfrow, Ideal Tax Services, First Class Limousine, or any of them, are permanently enjoined from...
http://leagle.com/decision/20091289612avfsupp2d677_11242
Likewise, is this "Breitling"?
"It is therefore ordered that defendant, whether acting directly or through anyentity, orporation, subsidiary, division, affiliate or other device, is permanently restrained and enjoined from ..."
http://www.ftc.gov/sites/default/files/documents/cases/2009/08/090825icsfo.pdf
If it is, I'm not surprised.
After endless announcements of "it's happened we're ready to go to the bank" and the rate is----(insert some absurd amount, but of course any "RVed" amount would be absurd) even the dumbest of the dumb get wise after a while. A normal sane person reading the likes of Tony or Oakies BS would think that NOBODY could fall for that but unfortunately a lot do, thousands of them, and even with the truth finally being put out there for them to see (thanks to sites like this one) a lot of them still hang on and new ones get suckered in everyday! I personally know several, my cousin Lou and his group, that for a long time clung to every word Oakie said until he finally got so absurd that even they moved on but even then they still did not give up they just moved on to someone else. A couple of years ago at a family gathering for Thanksgiving Day this cousin I have mentioned several times skipped the holiday dinner to listen to one of those incredibly stupid phone conferences, he was as hyped up as a six year old on Christmas and kept saying he just could not wait until Monday! He then left to have a special meeting with his group from the Home Depot building supply store where he works so they could discuss their plans, it was just simply embarrassing to watch! All this from an otherwise normal man so yes they do fall for it and by the thousands because the promise of vast wealth does that to some people, that's why I am so determined to do what tiny bit I can to stop this nonsense.
DeleteSorry for the rant but the point is that while we may have gotten through to some there are still a lot of people involved in this, some who are being seriously harmed by it, and there is still a long way to go.
It's funny Brian, but recently people have been sending me that link about Tony Renfrow's fraud case. In fact BGG just announced that he won't allow any more of Tony's stuff to be posted at his site because of this. It's really making the rounds, but I posted that link back in August along with a few others. As for Breitling, no that's not him. I posted about Tony "Breitling" Elder a month after I started the blog in Breitling Busted. I think you need a refresher course. LOL!!!
DeleteSam, I wasn't entirely sure about that Breitling link when I posted (someone else on an RV forum claimed it was him and I didn't heck the name until after I published (no edit function)). Also noticed just after I posted, that you already had Tony's video bragging of his other MLM scams on your pumpers page. Sorry for re-posting it if you've already got it (yeah I did forget about that for some reason, LOL).
DeleteAmazing though that even today, some people still can't "smell the roses" after all that lot...
Sterling Currency Group is in court too http://www.walshlawpllc.com/sterling-currency-group-llc-v-maurer-20-million-lawsuit/ . They and iraidinar.org are suing each other it seems, though didn't read that much of it. The link was posted in the Forbes article.
DeleteYup! Sterling Currency has been involved in a few lawsuits in the last few years. One was in Arkansas like Dinar Trade with illegally selling dinar, another case was stiffing their webmaster out of agreed to commission, another lawsuit was Dinar Corp (BGG & Randy Koonce boss - LOL) vs Sterling Currency. As you can see there is more throat cutting among dinar dealers then in a live stock slaughter house. I mean these guys remind me of drug dealers stepping on the competitions turf!! SMH...
Deletejrg, have you looked at exhibit M in that lawsuit showing $20 million per month from selling dinar? And look at exhibit A, B, C and D. Shows the importance of getting Google to rank you for the term "buy iraqi dinar".
DeleteI saw this over at DV and just wanted to bring it over as an example (as if we need another example!) of what kind of thinking we are dealing with, this is the supposedly rational kind of thinking at DV as opposed to the insanity from Oakie, Tony, etc but really is there a difference? This is from one of the more respected "general population" members and not one of the pumpers but while this is bad enough the absurdity doesn't stop there as member after member agreed with him, it would be hilarious if it weren't so sad to see people make themselves look like total idiots like this. This is main part of what was said and I skipped some parts such as buying on reserves, etc because it was a rather long post
ReplyDelete"Lets just say that the UST/Goverment did in fact ship plane loads of Dinar back to the US after the war. This would be a smart move on their part and maybe they way former President Bush Jr. stated the war would pay for itself. Now the question I have is why would they just sit on pallets of Dinar until Iraq gets their country straight? If I was the Government, how could I capitalize all I could instead of sitting on worthless paper?
The UST/Government did in fact bring plane loads of Dinar back to the states after the war. They needed an outlet as a means to make money while they wait. They come up with the idea of selling the Dinar to us, the citizens, knowing that not many would be brave enough to take the chance of losing our investment. They know that the rich and elite would purchase more than the average citizen, but they are already rich so they do not care. They make up contracts with certain outlets, dealers, to sell the Dinar. Part of the contract states that the UST/Government retains complete ownership of the Dinar. They contract gurus to spread information they want to get out to us. They spread hopium to keep the sales up. They talk people into buying more than they can afford by false promises. The UST/Government gets the cost of the Dinar. The dealer gets to keep whatever spread the contract allows plus any processing fees. The UST/Government is now making money while it waits on the outcome of Iraq. The government also collects monies from the taxes that the dealers make from the income from the spreads and processing fees thereby creating more monies for the government coffers.
All it has cost us is the amount we chose to invest.
In summary I believe it is like this:
The UST/Goverment did bring Dinar here to the states.
They have contracted dealers to sell the Dinar.
They know most will have to sell back their Dinar because of the struggling to make ends meet.
They know most "lay-aways" will be forfieted.
They know most will have spent their new found wealth within 5 years.
They retain ownership of all the Dinar the dealers are selling.
It's a win-win for them. The longer they make us wait, more people will give up on it and sell back to the dealer, which in turn gives them back to the UST/Goverment."
This guy thinks that part of the reason the US Government is behind the sale of Dinar is so they can collect taxes from the Dealers??????? Wow, some of this stuff is embarrassing to even read!
Yea the evolution of the dinar faithful is interesting to watch. Yesterday dontlop seems to have changed his tune. After a couple of years at least of arguing over money supply and that oil in the ground could be used to back a currency and al the rest, now he "doesn't care". (I compressed out his usually line spacing)
Delete"I wasn't looking for some legitimate process I was looking for some creative banking schemes, underhanded dirty dealin where nothing is stolen from anyone but new wealth being created by the power brokers of the world
So all the crying about how normal banking practices are
Who cares
That's not what we may be looking at here
I'm thinking this is no college educated brainwashed college professor way of economically calculated figures I'm looking for a big huge money grab covered up by a war somewhere else like Iran or Syria
When this happens the media will be so busy covering the war the dinar rv will pass by so quickly no one would really care
All this talk about pegs and floats
Who cares
I'm looking for a pot of gold that just fell out of the sky
No one was robbed
No one will complain that a bunch of money appeared into the global economy and no one will complain at all the cheap oil prices that are on the way which will lead to a new cycle of economic boom
Boom and bust all they want
I'll invest in a way that I'll be covered in either boom or bust economy
Lopsters are wasting their time trying to explain to me anything
I don't care "
Well it looks like Dontlop FINALLY got something right when he said,
Delete"Lopsters are wasting their time trying to explain to me anything"!
Whether he's a scumbag pumper or just plain old fashioned stupid he's right, it's a waste of time trying to explain anything to him.
Like I said earlier about that post I brought over it would be funny if it weren't so sad that so many people actually believe nonsense such as that, the real purpose for bringing it over however was not to laugh at or insult anyone but rather it is that I truly believe that the poster was being dead serious and I hope he sees it here. Maybe if some of this kind of far-fetched thinking is presented against a background of logic and sensible analysis of the Dinar scam instead of the brainless dreaming over at DV and even worse sites maybe, just maybe, it might get through to some of these people just how silly this kind of talk is. Again I didn't post the person's screen name because I consider him to be one of the "innocent" members and as I said my intent is not to ridicule, hopefully he or maybe someone else from over there that has seen this post will join our discussion and comment on it. I want them to know that they can do so and be treated in a respectful manner as long as they don't try to pull the kind of stunt Dinarbeliever did. I have not been here very long except as a lurker but I have visited and read through this site enough times to know that I can confidently tell these people that they will be treated with respect (despite what DB is telling them) as long as they maintain respectful discussion.
Well after looking at my post that I brought over from DV I realized I said "make themselves look like total idiots like this" but I honestly did not realize at the time exactly what it was I was saying, while I may have been intentionally a bit harsh for the purpose of making a point it was never my intent to insult by calling anyone names, I guess I have used that phrase so often when discussing the pumpers and trolls that I said it without thinking. My intent was not to insult anyone over that post and I even said I felt the guy was being sincere so to that end if he reads this I want to apologize for that unintentional insulting remark.
DeleteI have to apologize too. I allowed DB way too much slack. I didn't want to be accused of censorship so I let him go on and on about nothing in his juvenile manner. I'm sorry I subjected you guys to that.
Deletewho exactly pays the difference between 1166 and tnt's $32 if it was to happen, I suspect it would be the cbi and that would bankrupt Iraq for a thousand years.
DeleteSam, perhaps I speak for some or maybe most of us that we didn't feel subjected to DinarBeliever's immature nonsense. Naturally he apologized as many of us do for something we didn't fully intend to say in the heat of an argument but clearly his intentions in the end are what I suspected after his first post.
DeleteEveryone here is an adult and didn't take long to see through DB with his shenanigans of making unsubstantiated claims followed by name calling then by apologies stating he wanted to really learn and be saying he wanted to hangout with us friends. The likes of the many kind-hearted folk here who've been scammed with the "RV" get rich fairy-tale in the past have sympathy for those who still don't quite grasp the snowjob they've been dealt and sadly continue to get sand kicked in their eyes.
That being said I personally do not believe there was any damage done by DB as he falsely believes. Actually that was hilarious when he claimed damage control. One of his very many unintended comical one liners. LOL.
Who pays the difference? Obviously no one does because there's simply not that much money in the entire world, not even for $3 or even $.01 for that matter.
DeleteVery true Rene. Iraq has around $80bn Forex & Gold reserves to back 84,000bn Dinar. At a ludicrous rate of $32, they'd run out of money & go bankrupt before backing even 0.003% of Dinar in circulation. Even with a 3-zero "lop" first, they still wouldn't have enough to back $3 at that rate. As dwm009 said, it's such an absurd figure it's many times more money that the $ value of all countries currencies on Earth combined (and equal to about 34x planet Earth sized global economies), LOL!
DeleteWell DV your turly an inspiration everybody here seems to love your ignorance to justify their intelligence.
ReplyDeleteI also enjoy hearing truth from all these so called economist. I do know that Iraq will be a internatioal currency You won't be rich. Now nobody knows the outcome people here are also speculating their theories. Everybody here are conservative investors. I'v invested in commodities, real estate and done very very well. DV I'm an immigrant with no education, but managed to be successful with all my investment. The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars.
The dinar is pegged to the dollar so I the dollar "collapses" what do you think will happen to the dinar?
Delete"The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars."
DeleteAlejandro - Based on that belief how can you defend or prove the USD will collapse and IQD will save you then?
Just asking because your philosophy there does not jive when you say "I'v invested in commodities, real estate and done very very well. DV I'm an immigrant with no education, but managed to be successful with all my investment." I have to question your investment strategy when you put commodities, real estate and Dinar RV in the same investment mindset. This leads me to believe you don't understand currency investment as it is a different animal from stocks/bonds/commodities and even real estate.
You also make what I detect as a snide remark "I also enjoy hearing truth from all these so called economist." since no one here has ever claimed to be an economist as far back as I can remember. If you've read the comments correctly you would simply realize that it is fundamental information from the same websites I HOPE you researched as a "successful" investor either prior or post investing in the IQD.
I sure hope you're being sincere and not here to troll because I clearly recall you posting here a few days back in the last thread with vulgar language as did DinarBeliever during his first post just to return humble as you appear to this time. Provided you are not DinarBeliever posting under another ID. Then again that is common behavior of those who have wasted money on the sham investment which has not panned out but refuse to admit that they have been bamboozled. If that's the case don't feel bad as many here have been there done that. But like an addict the first step to recovery is admitting you've made a mistake.
Alejandro Torres - "I also enjoy hearing truth from all these so called economist"
DeleteDebunking the Dinar doesn't require anyone to be an "economist" - just be capable of doing basic junior grade maths, not throw away all common sense, not follow Guru cult-leaders and not ignore everything everyone in Iraq is telling you about the redenomination, LOL...
Alejandro Torres - "I do know that Iraq will be a internatioal currency"
Same as everyone else's then... Banks have zero legal obligation to exchange or trade 3rd world currencies if there's no real demand. Go into any bank today, and half of the worlds "international currencies" aren't even listed including a number of Eastern European, Mid-East, Asian & South American ones. Try buying Libyan Dinar in Wells Fargo, or Somali Shillings from BoA, etc.
Alejandro Torres - "Now nobody knows the outcome"
This is a long worn out pumper slogan repeated to the point of mediocrity that only RVaholics cling to. It's basically an appeal to ignorance. In reality, the outcome of a 3-zero redenomination (lop) is really not that hard to understand:-
You will exchange your IQD at a rate of 1:1000 for new Dinar with a new currency code (possibly IQN). This essentially reduces Iraq's money supply from 84,000bn to 84bn, which has the effect of giving the new Dinar a 1,000x higher rate. You will basically, exchange each 25,000 Dinar note @ 1164:1 current rate for one new 25 Dinar note at new 1.164:1 rate. Both will still be worth about $21.50. As Iraq have repeatedly said. Smaller banknotes will be replaced with coins, ie, each 500 Dinar note will get changed for 0.50 redenominated Dinar (500 fils coin). They too will be worth exactly the same (both approx 43 cents). The value balances out (as it has to or the Dinar would become a junk currency worthless for trade if it suddenly made trading with Iraq 1,000x more expensive for non-Iraqi's).
If you disagree, I can only suggest you contact the Central Bank of Iraq and tell them "they know nothing" because this is their exact words as Iraq have repeatedly stated over and over:-
- "The new 50 Dinar bill will have a value of $43 (50,000 current note Dinar)... The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy" - Central Bank of Iraq
- "The exchange rate between the new banknotes and the old ones would be 1:1,000." - Mahma Khalil, Member of the Iraqi Parliament and official spokesperson of the Economic Committee
http://dinardouchebags.blogspot.com/2013/12/december-update.html?showComment=1386539082127#c153178662480628460
etc, etc.
Alejandro Torres - "I've invested in commodities, real estate and done very very well"
That's because they're all genuine tangible investments. It's good to hear you've been successful. The "RV" is a 100% fake made-up fantasy though. Iraq are redenominating / deleting 3 zeroes.
Alejandro Torres - "The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars."
LOL! The Dinar is pegged to the $. If the $ collapses in value by 80%, so too will the Dinar collapse by same 80%... The only "hedge" against a $ collapse is physical possession of gold bullion or at least an unpegged major currency like the Euro or Swiss Franc, not someone else's 1,000x worth less paper fiat money pegged to the same currency.
Have you guys read the absolute ignorance that Dinarbeliever is posting at DV right now? Its like he learned nothing the past week or so. Now he supposedly has a super duper secret contact at the CBI. Hahaha....That contact is telling him that deleting zeros means off of the exchange rate. (which a redenomination will actually do) I am begging to feel sorry for the poor guy. I am also convinced that he is actually a 14 yr old pimpled faced kid in mommy and daddys basement keeping up with his "investment". Its pathetic.
ReplyDeleteWhat about the 85 trillion DB? Please don't reply to that.......you have embarrassed yourself enough.
I think we've reached the stage where he simply doesn't want to know no matter what, and is best left to live in his own "special happy place". He's one of those people who suffers almost continual cognitive dissonance from holding the contradictory mental stance of wanting to argue it in public far and wide, yet still be 'protected' from the "bullying" of other people simply posting facts or pointing out the obvious fallacies. Such people often have complete "meltdowns" when they take it out of their "closed environment" and end up faced with an overwhelming torrent of fact, (as was seen here) where the logical part of their mind says "They're right" but the ego part says "NOOO!!!! It can't be true. How DARE you intrude on my fantasy!".
DeleteUsually they end up more trying to convince themselves than anything. You see the same thing on many RV forums whose group behavior has virtually turned into a cult where people tell the most absurd lies, even knowing in advance they're lies, purely to keep the 'hive mindset' and 'warm fuzzy feeling' going. The "Baghdad Invest" incident summed it up best where people were falling over each other to "confirm" that their "20 high level contacts confirmed it". And the whole thing was a deliberate hoax - ironically designed to show just how chronically dishonest not just pumpers, but many, even most amateur "regulars" on RV forums are.
So Alejandro........The USD which is backed by the largest economy in history with a GDP of 12 trillion a year is going to collapse but the Iraqi Dinar (that is pegged to the dollar) is going to increase in value?
ReplyDeleteIt is this exact type of forum generated stupidity that keeps people wasting their hard earned money on third world countries hyperinflated currency. Your dollar collapse conspiracy is telling. Fear sells and you have been sold. Its no wonder that you are so easily lead around by forum lies. If the dollar collapses the rest of the globe goes with it. It is the ultimate reserve currency of which the vast majority of millionaires and billionaires have as the bulk of their holdings. It is by far the safest currency on earth. You would know and understand that if your were not brainwashed by daily hype online.
Your "knowbody knows" cop out is telling as well. Give it a rest. We do know. We know that inflated currencies stay that way unless they are redenominated. That is a pure hard economic FACT that you refuse to deal with and instead pretend that "know body knows". The only reason you keep that mind set is to comfort yourself since deep down you know you have been duped.
Please are you delusional? The US couldn't even get the budget straight. What plant do you live, We owe 17 trillion and you say the US currency is the strongest. Who's Duped one? I will stop there! LOLLOLOLLOLOLOLOLOLO!!!!!!!!!!!!!!!!!!!!!!!!!!¡!!!!!!!!!!!!!!!!¡!!¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡
ReplyDeleteYou're clearly the delusional one. Iraq has over 80 TRILLION Dinar!!! You really aren't educated. Thanks for the heads up.
DeleteDude do you even know what currency oil is purchased in? Of course not mr commodities / real estate investor. LOL. Be a man and admit you're trolling. PERIOD!!!!
DeleteBtw, the answer to my question is USD. WOW WHAT A SECRET HUH!!! So in your dinar forum intellect you think the world will suddenly switch their reserve currency to one of .00086 to the USD? Really? Understand one thing this is not DV where folk drink the pee pee koolaid pumping each other as if on steroids just to wake up to a dinar hype hangover. Either you bring valid links to support your argument or just go back to DV and comfort DinarBeliever. I'm sure his backside is still sore from the severe spanking he received due to his nonsense. Why would clueless people subject themselves to self inflicted torture is beyond me but I am certain that is the mentality of desperate dinar speculators in this repeatedly failed investment. Guess this will be the first time you won't be "successful" at an investment!!! LOL
Alejandro Torres - "The US couldn't even get the budget straight."
DeleteAnd neither can Iraq:-
2013 Iraqi Govt Budget:-
$138.4bn expenditure
$119.3bn revenue
$19.1bn Budget Deficit
http://www.iraq-businessnews.com/wp-content/uploads/2013/01/UNAMI-primer-on-Iraq-Budget-2013.pdf
And "Debt" does not make a currency strong or weak. Look at Greece & the Euro. Learn how currencies actually work.
Know Body? LOL......I need to slow down my typing. Of course I meant nobody.
ReplyDeleteAlejandro: Here on earth, no country can simply declare their currency to be wroth more than the rest of the planet's money supply combined. Knowing that that is impossible is not about knowing what Iraqi politicians will decide, or whether or not the violence will get better or worse, or if the economy will grow or slump. Its simply knowing how currency works. A huge RV can not happen because of how currency is defined to work. So investing in such an event is not taking a risk, it is simply throwing your money away. The whole "nobody knows" line is just guru speak. You might as well be saying "no one knows if 2+2 equals 4 or equals 12,000).
ReplyDeleteAs for the dollar, it is not going to collapse. If it were to do so it would take 2/3's of the worlds central bank reserves that are in dollars down with it and that includes Iraq. Also wrt our debt we "only" owe about 11T to other parties (including the fed). About 1/3 of that 17T is owed to the social security, medicare, and veterans retirement trust funds. Those indeed are future liabilities but we are paying that interest to ourselves, and those bonds did not cause inflation as they were paid for with tax dollars (when the fed buys a bond is it inflationary as they simply print money to pay for it). That is still a big number, and the future liabilities (which are larger than the 1/3 of the debt represented in the special trust fund bonds) is also an issue but one where small actions now will have magnified benefits later, and so are manageable (if we actually do something). So our debt is in fact at a hight but manageable level.
The whole dinar forum belief of dollar collapsing is pumped by conspiracy theorist or precious metals dealers. While precious metals are up the whole "USD collapse coming" is just a relative term not quite well explained. At least I have not found any good reliable articles or financial white papers to date. In other words what is considered a "collapse"?
ReplyDeleteAs soon as somebody tries to use that "nobody knows" line it becomes all too obvious they are clueless and their whole argument goes out the window. The notion that valid and logical arguments against this scam are negated by "nobody knows how this will come out" is ridiculous, just because we cannot know what Iraq WILL eventually do in no way means we cannot know what Iraq CAN and CAN NOT do! Iraq has many options open to them but significantly increasing the value of the Dinar without a re-denomination (LOP) first is simply not one of them, we do KNOW that! While we don't know if Iraq will re-denominate or not or when they will if they do we do KNOW for a fact they cannot "RV" 84 trillion Dinar into more money than exists on planet Earth.
ReplyDeleteI see it's been pretty quiet here so I'm guessing the crickets are the only ones coming to dispute or troll from DV or any other pro-RV forums. Perhaps they are unadmittedly beginning to realize the truth that the "get rich RV" scam is merely fantasy or they have run out of trolling tactics with their limited thinking. The other possibility is they are out xmas shopping spending all of their current financial resources as the New Year is going to reign in much wealth on January 1, 2014. Much like the Mayan prophecy followers did last year. ;-) LOL!!!
ReplyDelete