Wednesday, January 8, 2014

Iraq Abducted into the WTO

And the fun just never seems to end. The other day on a whim I decided to listen to a conference call from a guy called Money775 or "Apostle Money". It was called the Apostolic Call, and they were all excited about Iraq being part of 159 nations abducted [sic] into the WTO. (They've had 159 members for years. Iraq is still classified as an observer nation. I'm baffled as to how he extracted the information that Iraq has now been granted full membership.) "Money" declared that this was the obstacle to the RV, and now that they have been "abducted" we're going to see a revaluation by the end of December. I assume that he meant December of 2013, but we'll see how he revises that now.

https://www.freeconferencing.com/playback_ow.html?cid=conferences/-17-65-67125-17-65-6750-17-65-6782123-28-99-119-17-65-676011238-17-65-674.mp3&e=1392181200000&cn=94-43-28-63


The WTO news that he was referring to was posted on the WTO website where they announced that Yemen has been accepted as the newest member. During the call "Money" also stated that the US didn't join the WTO until 1995. Wow! Really? Is that so surprising considering that the WTO was only established in 1995? He also stated that Japan was one of the nations newly inducted into the WTO. Wrong. Japan was a charter member.

I did a post a few months back called "Don't Listen to Gurus". This would be another excellent example of why.




58 comments:

  1. "Abducted". Yup that says it all. That group believes in Aliens and ET will be the next new guru to "abduct" Dinar Recaps. Perhaps Dr Todd helped the US get "abducted" into the WTO as well.

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    1. LOL. Love the facepalm pic Sam. Just so perfect :-D

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    2. For once vinny I actually agree with you lol

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  2. Abducted????? Lol!

    Of course there were a lot of "abductions" going on in in the ME sometime back, don't know if it's still happening as much recently but I guess maybe "Abducted" just kind of fits?

    These guys are worse than clueless!!

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  3. oh yeah, now the aliens are abducting to prevent an RV......LOL...these idiots never stop with their craziness. sad thing is, religious sheeple believe all this crap!

    and speaking of crap, this was posted on BGG's little observer site so its public info........Poppy3 …I GET EXCITED JUST LIKE EVERYONE ELSE WHEN THE NEWS IS ALL FALLING IN LINE…

    YESTERDAY AND DAY BEFORE I WAS TOLD THAT TRADING STARTED ON JAN 2 ON BONDS BETWEEN THE ISX AND MANY OF THE MIDDLE EAST COUNTRIES AND ALTHOUGH NO MONEY HAS YET CHANGED HANDS THE BOND ISSUES HAVE BEEN TRANSFERRED WITHOUT A RATE SHOWING BUT BILLIONS HAVE BEEN TRADED AND ARE WAITING ON THE RATE TO BE APPLIED. THAT RATE HAS BEEN RUMORED TO BE BETWEEN $2.66 AND $3.77. AS I HAVE SAID MANY TIMES JUST STATE THE RELEASE OF THE RATE AND I WILL TAKE CARE OF THE REST. THE DATE IS THE IMPORTANT PART NOT THE RATE.

    HOW CAN YOU NOT BE ON THE EDGE OF OUR SEAT. WHETHER IT DOES HIT IN THE NEXT FEW DAYS OR NOT ALL THE NEWS AND SOURCES ARE ALL POSITIVE AND FOR SURE NOT STATUS QUO… GET HAPPY PEEPS THE NEWS IS ALL POSITIVE.

    poppy is another very irresponsible so called preacher. why is it that every scam has religion in the background somewhere?? I guess the religious must be easy to scam or something? I also read someone's post here the other day about the Babylon II software. LOL....I knew when I saw that it sounded fishy so I looked online for more than 30 minutes trying to find ANYTHING that verified that to be authentic and found NOTHING. so I figured the srew roos used that word again for the religious because some people have claimed that Babylon (Iraq) will emerge back to the Babylon days and be wealthy etc... and since when does a nearly 80 year old man call people PEEPS! LOL. poppy claims to have a rabbi friend in Iraq which I still find impossible to have a Jewish preacher in a Muslim nation! LOL......that in itself makes no sense, never mind all the rhetoric poppy comes up with daily.

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  4. Yeah well wait till the LOP occurs and much if not all of the dinar dealers get "abducted" and there isn't anywhere the dinar holders can go to exchange their paper.

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  5. There are Christians in Iraq not sure about Jewish people

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    1. This comment has been removed by the author.

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    2. yes and the Christians hide or get killed.............as far as a rabbi in Iraq.......that would be very risky for the rabbi to say the least but the bottom line is this poppy guy in conjunction with BGG are just as dangerous in my opinion as thc tony and all his crowd. bgg reads news then picks and chooses what he commentates on to suit his agenda then he has poppy along to say prayers and give a "PEP rally" to their sheeple in their chat room. poppy is also known for constantly complaining about Obama and the government as a whole then he reprimands others for chatting in the chat room about other subjects besides the dinar OR if anyone says anything negative or against some elusive RV. those 2 have their own agendas they push but are obviously cleverly connected to dinar corp just like that guy called Stryker, then you have that idiot randy koonce, also affiliated with dinar corp. what a moron. his logic is so ridiculous it sounds like BS! although they all say D Corp is just a "advertiser" on their sites.

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  6. Although I am not a religious person I do respect others beliefs so I find it appalling that these scumbags have to resort to exploiting religion as a vehicle to for financial gain much like the scammers in my favorite show American Greed or some of those televangelist money grubbing outfits. How the religious don't see that is beyond me and it is predominantly the Christian sect with this issue. Probably because most Christians don't really know their bible. If they did they wouldn't fall for this ridiculous nonsense.

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  7. BGG is now partnering with Kraperoni to pump their trash out to the community because they can no longer stand on their own. Misery loves company you know. On RecRaps they have a posted call where I just had to know what barf they are regurgitating. BGG of course states that Iraq is being spoken about a lot on Fox News. OF COURSE YOU MORON THE SITUATION IS GETTING WORSE FOR SECURITY!!! But naturally these gurus will leave you with the benefit of a doubt that Iraq is being spoken about in positive terms related to RV.

    BGG also claims that their DinarUpdates site is no longer an open signup forum without requesting directly from them. Yeah that's because more and more people are seeing through his diarrhea dialogue and are signing up anonymously to trash his BS.

    BGG's methodology is basically a typical scammer tactic which is to cast doubt (false-positive like) in the info he brings or by using double entendre this way he can't be accused of being wrong. Now he is using Kraperoni to his twisted version of the news so he can later state they agreed on the same poo poo. Of course just more pumping nonsense by riding the news on TV to deliver in storyline of RV is being held back because of Maliki being in office. An old story the last year or so. I guess they are running out of excuses. LOL!!!

    I wonder how The GateKReepers are doing lately with their news pumping as to why the RV has not occurred as they also elude to Maliki and laws not passed being the reason for this dream not manifesting.

    How do these "investors" not see through this cesspool is beyond me. You have to stop and think how does continuously failed information even relate to monetary policy or finances mind boggling especially when these momo's keep stating smoke screen. These knuckleheads consistently use terms like this to cover their own butts because they clearly don't believe in their own junk. It's a "throw on the wall and see if it sticks" mentality to see how many gullible folk fall for it.

    All of these punks are going down and they know it.

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    1. every one of these so called gurus have a shady past which we know about thanks to Sam! (good work Sam) BGG is def one of those scamsters. he has had a few businesses where people were scammed by him. then he got this poppy lunatic from somewhere to pray and give pep rallies to the sheeple when they start getting restless or negative. poppy also reprimands anyone that speaks negatively about the rv. the sheeple then straighten up so they don't get banned from the site. they also frequently post garbage by randy koonce on their site. randy koonce is a complete moron. every time a date passes he comes back and gives another date. he also claims Maliki is out of money. LOL.....I guess he has access to Maliki's bank accounts or something. I also read a post today stating koonce got fired from the security company he used to work for in Iraq. I have no idea if that is true of not but I would guess it probably is because all these idiot gurus have either been arrested, are currently in trouble or have shady pasts and have used the dinar as another opportunity to scam people. what I cant wait for is for the sh*t to hit the fan with the LOP then all these gurus will scatter like cockroaches! you think they will stick around to get what's coming to them?? hell no! but I assure you sheeple will find them. they wont be able to hide then! and they are both supported by......you guessed it.......dinar corp! dinar corp is not allowed to even sell dinar in the state they operate out of along with maybe 2 other states. they also support that stryker idiot.....if you have ever seen any of his stupid broadcasts, he has a banner along the bottom ongoing with dinar corp info and logos etc......I could only watch that once. it was annoying to say the least.

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    2. Yeah and Randy is stupid enough to direct folks to his website which is chock full'o pics of him with family members in Texas. It even mentions the town. I hope he gets burned!!!!

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  8. It is a mistery how gurus and their followers can stating anything about country which they never visit and don't understand society behaivor. There was yesterday attack onEU mission in Baghdad and Basra. Officials traveling only in armore cars. How the hell somebody think Iraq is preocupide with worthless currency? Dinar is a nonsense.

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  9. If you take investment advice or make purchase decisions based on the ramblings of people that can't assemble a coherent sentence or make proper use of the english language (and english is their first language), you probably deserve to lose your money.

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    1. LOL! There's your sign!!!

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  10. So someone named "Lopster_stew" LOL showed Dontlop the facts about the Swiss Dinar NOT being demonetized and that only the 25 bill was deemed worthless which is why is wasn't allowed to be converted today on DV and just like a good DINAR PUMPER Dontlop went into a panic and started posting jibberish non-stop and just kept repeating the lie about the Swiss Dinar being demonetized over and over and over again even after being shown absolute PROOF otherwise. Does that remind you of anyone else? Yeah........you guessed it..........his good friend Dinarbeliever. Both are about as clueless as a delusioned dinar LIAR can get. Its funny how these dinar chumps refuse to accept proven history and instead just replace it with whatever lie they can come up with to either keep their dream alive or pump dinar for their bosses.

    Dontlop is the most blatant dinar LIAR out there right now if you ask me. LadyGracesDaddy is the dumbest with Dinarbeliever coming in a close second.

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    1. Dontlop, LadyGracesDaddy, DinarBeliever all sound like names of race horses in a trifecta except these horses are guaranteed to lose.

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    2. Dinark you're right about DB while I must be rather gullible because even after all his BS here I was willing yet again to give him the benefit of the doubt after he made that, now obviously phony, apology and showing his just as phony willingness to at least accept the truth as a possibility. I see now that idiot (sorry Sam there simply is no other appropriate way to describe him, the man IS an idiot!) is back on DV this morning spouting his same old stupidity!

      There's no doubt about it DB is a serious mental case!!!!

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    3. dwm, that's precisely why I haven't been feeding the troll after his last fake "apology". His cross-forum bi-polar "hit and run" routine has stopped working after about the 17th iteration...

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    4. Yeah I called him an idiot (which he most certainly is!) but then I AGAIN fell for his BS and was willing to give him a chance! It would seem it takes me about as long to catch on to some people as it does for DB to learn the truth! Lol!

      However I've got his number this time and nothing he can say will change my mind about him again, it just took me longer to fully realize what most of you had already figured out!

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  11. This dude needs to be "abducted"!!! Here is an unbelievably stupid post from dinar recraps which will get the mind of the gullible thinking there is always a way to the RV. This should be criminal as bad as it is.


    STAGE2OMEGA RECAP: 35 WAYS TO PAY FOR RESERVES/LAYAWAYS

    NOTE: THERE ARE NO RULES SO PLAN CAREFULLY AND ALL OF THESE 35 TIPS ARE SUBJECT TO CHANGE & TERMS & CONDITIONS MAY CHANGE ANY MINUTE

    1. PAY RESERVE WITH CASH

    2. BORROW THE MONEY

    3. EXCHANGE A NOTE WITH A BANK, CURRENCY EXCHANGER, OR TRAVEL AGENCY

    4. HAVE THE BALANCE DEDUCTED FROM RESERVE

    5. CONVERT AN IQD NOTE OR VND NOTE TO AND SKR AND BORROW AGAINST IT

    6. LEVERAGE 1 RESERVE TO PAY OFF ALL RESERVES & HAVE DEALER SEND YOU CASH BALANCE

    7. DO A BANK LINE OF CREDIT
    ....
    Read More Link on Right
    8. DO A COLLATERAL LOAN

    9. USE A CREDIT CARD AND TAKE CASH OFF

    10. EXCHANGE 1 RESERVE IN FULL AND PAY OTHERS OFF WITH CASH/CERTIFIED CHECKS

    11. BUILD A RELATIONSHIP WITH A BANKER TO DO FAST EXCHANGE

    12. USE A HOME EQUITY LOAN OR LINE OF CREDIT

    13. DO A GROUP LEVERAGE AND MEMBERS HELP TO PAY 1 RESERVE OFF

    14. STRUCTURE A TRANSACTION WITH AN INVESTOR & PAY THEM A ROI

    15. CONTACT A NON PROFIT TO HELP & DONATE TO NON PROFIT

    16. ASK FRIENDS OR FAMILY MEMBERS FOR HELP

    17. DO A REAL ESTATE LOAN WITH HARD MONEY LENDER

    18. MEET WITH A HIGH NET WORTH INDIVIDUAL OR BUSINESS OWNER

    19. CONTACT A CHARITY IN NEED OF HELP & STRUCTURE A GIFT TRANSACTION

    20. DO A PAY DAY LOAN

    21. SELL A VALUABLE ITEM

    22. CONTACT A SAME DAY LOAN COMPANY IN YOUR CITY

    23. STRUCTURE A SHORT TERM PRIVATE PLACEMENT

    24. SPEAK WITH YOUR PASTOR

    25. SPEAK WITH BANKER AT YOUR APPOINTMENT

    26. SELL A NOTE AT A DISCOUNT

    27. CONTACT THE PERSON WHO INTRODUCED YOU TO IQD/VND

    28. PUT A HELP REQUEST IN THE PRAYER CORNER OF OUR WEBSITE

    29. DO A PROMISSORY NOTE

    30. LEVERAGE A DEED OR A TITLE SHORT TERM

    31. GET A CASH ADVANCE FROM IQD DEALER AND ONLY DO A PARTIAL EXCHANGE

    32. LEVERAGE MULTIPLE RESERVES WITH IQD DEALERS. TELL THEM YOU NEED HELP

    33. EXCHANGE 1 RESERVE WITH A DEALER AND MAXIMIZE THE OTHERS

    34. LEVERAGE YOUR RESERVE/LAYAWAY EXPIRATION DATES

    35. DO A PRIVATE FRA AGREEMENT

    NOTE: ONLY USE THESE STRATEGIES ONCE THE RV IS LIVE & CONFIRMED
    AS A LAST OPTION

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  12. "The official exchange rate of bolivars for dollars is off-base because the rate set by Caracas overvalues the bolivar. The official rate is one U.S. dollar for 6.3 bolivars. Unofficial exchanges on the black market will trade dollars for bolivars at a rate 11 times higher." - USA TODAY....

    Sounds much like what Saddam did with his currency huh?! This is a clip from an article of USA TODAY newspaper.

    http://www.usatoday.com/story/news/world/2014/01/10/venezuela-airline-cancel%20lations-europa/4405109/

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    1. Here is what very well may be the case with the Iraqi Dinar even after post redenomination,,, can't convert outside of country!!!

      "Most other international airlines are taking steps to limit their exposure to Venezuelan bolivars, which aren't convertible outside the country."

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    2. Indeed Vinny. For those unaware:-

      "On January 2010, the government of Venezuela created a two-tiered official exchange rate system. Imports designated as "non-essential" receive a rate of 4.3 bolivares per dollar, and "essential" goods are exchanged at a rate of 2.6. There is also a third and unofficial exchange rate in the black market valued at around 6.8 bolivares per dollar (March 2010).

      The Venezuelan government decides what "essential" goods qualify for the 2.6 rate. They include imports for sectors related to food, health, education, equipment, and technology; remittances to relatives settled abroad; students' academic expenses abroad; expenses related to health, sport, culture, and scientific investigations; payments to retired and resident pensioners abroad; and currency conversions related to diplomatic activities. Full details (in Spanish) can be found through the Central Bank of Venezuela."

      http://www.xe.com/currency/vef-venezuelan-bolivar?#additionalinfo

      "According to Venezuela’s official exchange rate, it takes only 6.3 bolivars, the national currency, to buy one U.S. dollar. But the scarcity of dollars that has resulted from government controls aimed at curbing inflation has made them worth up to 60 bolivars on the black market."
      Stuck in Venezuela with those currency exchange blues...

      And that almost total market rejection of the Bolivar is with a Govt. dictated overpeg of a few hundred percent. The Dinar "RV" as being pumped would be a Govt dictated over-peg of a few hundred thousand percent to over a million percent! It wouldn't become "priceless", it would become totally worthless. LOL.

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    3. Looks like Ford and Toyota got screwed over, too. http://blogs.barrons.com/emergingmarketsdaily/2013/12/23/venezuela-devalues-bolivar-by-44-wiping-out-fords-latam-profit/?mod=yahoobarrons&ru=yahoo The parallels with Iraq are there ... oil based economy, instability, illiquidity etc.

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    4. Sam I'm glad you pointed out the parallels because that was exactly my point. ;-)

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  13. I might suggest any "believer" to please read the CBI "banking laws and regulations" portion posted on the CBI website. Please just read through the CBI laws (.PDF documents). If you want a short course jump to articles 29-38 in their law. http://cbi.iq/documents/CBILAW-EN_f.pdf This is everything anyone needs to know about the laws written by the CBI and GOI, which has allowed them the right to make decisions on who can and cannot redeem their currency. It's what convinced me. Knowing that they have the right to deny anyone outside Iraq to even get it back in kinda means a lot. Even the dealers! I know it's just my opinion, but hey I've only tried to help.

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  14. my friend emailed me this from the poppy and bgg site.....I see poppy is still telling sheeple lies. this moron calls the rv ongoing. its always next week then next week and on and on and on for years now. then when he makes his false predictions, he always follows it with a pep rally or religious talk to keep the sheep happy. you'd think some of those people are educated enough to see a fraud and to stop paying attention to him. of course this moron always types in big red caps......just another reason to stay clear of his BS.
    THE RV IS LOOMING JUST AROUND THE BEND . I HAVE MADE PLANS AGAIN TO CASH OUT NEXT WEEK AND I SURE HOPE SOMEONE TELLS ALL THE LEADERS OVER THERE THAT POPPY3 IS READY AND WAITING ON THEM TO GET THEIR HEADS OUT OF THE DARK HOLE AND GET ALL THEIR JOBS COMPLETED SO THIS WILL HAPPEN. POPPY3

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  15. After Dinarbeliever pretended here to possibly be coming out of his delusional trance he is now on DV saying,

    " I was unsure as sonny1 was a well respected member - I have thought about things and I stand by my bank story which was backed up by bettyboop. "


    Bettyboop????? LMAO AGAIN at that idiot!!!

    Lol, of course the "Bettyboop" he is speaking of is another TOTALLY clueless and totally delusional member of DV who knows absolutely nothing as evidenced by her moronic posts!

    DB is not only hopeless he is incredibly stupid and makes that more apparent with each post!!!

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  16. anyone know why Paul Bremmer would bother with being on a conference call with someone called BONDLADY?? and my friend just texted me and said BGG has reached out to Oliver Norths agent to have him as a guest I guess. he said he previously contacted him about a year ago and got no reply. why would these sorts bother with frauds who claim to know anything real about Iraq??

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    1. I guess their employers (dinar dealers) have cut the gurus medical plan thanks to Obamacare and they are unable to fill the prescriptions for their meds is my only explanation.

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  17. It makes no sense at all, thus I would have to question if it was in fact Ambassador Bremmer. What evidence is there other than his name being put in the transcript?

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  18. It actually kinda sounded like him and he got to pump his book and paintings to the dinar lemmings. All it took was an hour or so of his time to just ramble about what most people already know that have actually read anything. I love how dumb the people asking questions sounded. It was like Hee Haw crossfire. Sorry, that demeans Hee Haw. Ha!

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  19. I've been looking around in the forums and I've noticed that people are saying that Bremer said the dinar would float. That's not exactly what he said. Take a look:

    When I got there I found that the GOI was only producing 2 different notes. It's the equivalent of running a government with $3 notes and nickels. The effect of this was that my advisors said there is a real risk we would dollarize the economy if we didn't do something.

    4:59 PM [FLPatriot59] PB - We made it clear from the start that the Iraqi currency would flow freely. In terms of the economy it is doing quite well and will grow over 6% this year (GDP). If the currency reflects the economy then the dinar should reflect that growth.


    The context is clear. What he was saying is that they would keep dinar (flowing) in circulation to prevent the USD from being the only currency in use. It wasn't a reference to a float at all.

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    1. Kap disagrees with you Sam. He states he said "float". There is also a "transcript" going around that the very same post you use above uses the word "float" instead of "flow".

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    2. This is what Michael says first in response to a Bondlady post on Dinar Detectives:

      Well the only thing he said..when pushed about the dinar... they introduced the dinar and it was meant to "float up freely." lol Someday people will listen to me...just sayin.

      I will leave it to the critics to comment on the quality of the call.

      Kap

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    3. Here you have him taking a transcript and stating he listened to the call 6 times and CHANGED the transcript from "flow" to "float".

      http://forum.dinardetectives.com/post/transcript-from-ambassador-paul-bremer-interview-6710717

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    4. Kap and I disagree on a few things so that's no surprise. I'm going by the transcript that was posted at IQD Calls. I also think the word "flow" fits the context of dollarization better. He was answering the first part of the question about notes and talking about how the 2 note approach had to be changed in order to prevent a complete rejection of the dinar by Iraqis. They established the auction system in part as a way of stabilizing the exchange rate, and the dinar has never floated freely in the ten years since Bremer introduced it so I can't see how the word "float" applies,

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    5. It applies because it fits Kaps agenda and he can change posts to do so.

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    6. Okay, I just listened to the call and in fairness to Kap it does soud like Bremer said "float". The transcript left out a lot of content. Now the issue is what he meant by that. As I stated before the dinar hasn't floated in ten years so he was either referring to the initial float that the dinar experienced right after it was introduced in late 2003, or he misspoke. But either way Kap dodges a Douchie on this one.

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    7. Sam, I'd have to say the dinar has certainly floated for the last 10 yrs. out of Iraq and into the dinar dreaming community. ;-)

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    8. The spewrurus are going to have a field day with this one I fear, I'm still amazed that Bremer would stoop so low as to be associated with these idiots!

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  20. From RecRaps... Pretty funny I'd say! However I'm still not convinced it was thee Ambassador Paul Bremer on a Dinar Dreamer concall.

    JonH01/11/2014 9:05pm
    This is great for historical archives...

    Ambassador Paul Bremer did as i thought he would do with questions regarding the IQD with no comment basically and distancing him self from the IQD.
    .
    And I do believe the Ambassador has no IQD "Any more"...

    Thanks blondelady and Recraps...

    JonH

    GoGo RV! :D

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  21. Allegedly by Paul Bremer: " If the currency reflects the economy then the dinar should reflect that growth."

    Uh, but of course currencies do NOT reflect the economy. Maybe L Paul Bremmer just does not know anything of the basics of how economies and currencies etc work (It wouldn't be the first time Bush appointed someone with little domain knowledge) but I still find this statement surprising. But also its just an off the cuff comment so we should not make too much of such things (though I'm sure the dinarworld will freely do so).

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    1. Exactly.

      Whether it's true or not, the clowns know if they just throw a couple names around it will give this scam credibility. How many people know the name of the Managing Director of the IMF or the Prime Minister of Iraq or the Director of the Central Bank of Iraq? I would guess that if you stopped random people on the street, fewer than 1% would know. And why would they? It's irrelevant information in most of their lives so they have no reason to know it. So when the scammers toss around the names "Lagarde", "Maliki" and "Turki" in their conference calls and postings, people go back home, look up the names (which isn't hard to do in the age of wikipedia) and find out they are real people holding real positions described by the scammers. Therefore, they must know what they're talking about! Voila! Instant credibility. Even though it has no relevance to a revaluation, the fact that the scammers know the names and positions of some obscure world leaders gives them credibility in the eyes of many people. They conclude that if they know this obscure data, they must understand something as obscure and confusing as foreign currency exchange. If a college offered courses on scams and ripoffs, this would be taught as a basic principle in scamming 101. Throw around some irrelevant, useless (but verifiable) information to establish yourself as an authority before perpetuating the scam.

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    2. I have actually learned something from this whole episode. The ambassador's name is Bremer, not Bremmer as I used to spell it! :-)

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    3. We need to remember that Bremer is a diplomat, not an economist. I think what he was saying is essentially true, although clumsily stated. The currency is reflecting the growth, but not with an appreciating valuation. The growth is reflected in the expanding money supply., As I pointed out in my post Dirty Float all of those oil based economies manage their money supply to maintain a stable exchange rate.

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  22. Even the "lopsters" don't understand: Over at DV Boomer113189 promotes the idea of at least a 300% gain with

    "once iraq RD the exchange rate will be around 1 buck to the dinar and i have read in articles where they say they will get back to the former rate of 3 dollars after they RD so that why i want to buy it once it does RD"

    http://dinarvets.com/forums/index.php?/topic/165052-breitling-says-theyve-reduced-the-money-supply-lol/page-6#ixzz2qD5dAm4M

    Why is this so hard to understand? The exchange rate for a pegged currency can not go higher than the money supply divided by the reserves. Once the RD is done that will mean it can not go higher than ~85B New Dinars / ~85B USD, or about 1:1 . So that is about a 15% boost from the $0.86 initial value that the New Dinar will have. 15%, not 300% . And the CBI is very unlikely to use that 15% unless inflation becomes a problem as raising the exchange rate is their principle method of fighting inflation.

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  23. On the other hand, sometimes folks seem to be headed in a logical direction, Dinarian64 might be starting to see the truth, or is at least asking about it:

    "115,000[%] inflation? Holy moly that is why it is .00089 - where does this leave room for our beloved RV? Has anyone calculated the true value of currency to assets? I am loving the rv idea just wondering if the cash to value equation lines up with our hopium dreams... "

    http://dinarvets.com/forums/index.php?/topic/169687-ambassador-paul-bremer-interview-call-notes/page-2#ixzz2qDKygo64

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  24. They did a good job to get that inflation down to single digits

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    1. TROLL, why do you pretend to understand what you spew? CAUSE YOU'RE A FRIGGIN' TROLL!!! Most here could careless what you have to say.

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    2. DB like most Dinar Dreamers you don't seem to have a clue what inflation means for Iraq's situation, or any other country that has suffered hyper inflation. Yes they did get inflation under control and no they are not undergoing hyperinflation at the moment BUT the EFFECTS of the past inflation are still there, that huge money supply that was the result of that inflationary period did NOT somehow just magically disappear when inflation was brought under control! The next step in correcting the inflationary effects on their economy is now to rid themselves of that huge money supply which is STILL inflated, Iraq's money supply is still inflated as a result of PAST inflation.

      Now since the next step is to rid themselves of the EFFECTS of PAST inflation they have to reduce the money supply so how do they do that? Just like dozens of other countries have done and just as Iraq has been plainly telling the world they are going to do and that is RE-DENOMINATE or as the Dinar Dreamers would say LOP! There is no other way, no matter what the guru idiots try to tell you there is NO OTHER WAY they can realistically remove over 99% of their money supply!

      Iraq is almost certainly going to re-denominate sooner or later, however if they choose not to then nothing changes and they continue as they are now so in either case this means your Dinar remains next to worthless, no matter what the guru idiots tell you these are the ONLY two options that Iraq or any other country has to deal with a hyper inflated money supply.

      Delete
    3. Dinarbeliever - "They did a good job to get that inflation down to single digits"

      Yes they did but as everyone else has told you, a reduction in inflation means nothing more than a reduction in future inflation, it doesn't reduce the existing money supply.

      Just like a reduction in a country's budget deficit doesn't = a reduction in debt - it means a reduction in the rate of increase of future debt. Lower inflation does not = deflation (negative rate inflation).

      Delete
    4. DinarBeliever, all I care to know from you is the name of the UK bank that told you the RV is true? I need to know so I can call them to confirm your story being true. I already have your real name so I'll be sure to tell them you are informing everyone in the dinar community it is so.

      Delete
  25. Indeed. But that does not undo the effects (i.e. a giant money supply) of the past hyperinflation.

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  26. Hey Dinarbeliever...............why do you think the CBI bothered to bring inflation down to single digits when all they had to do was "RV" by 100,000 to 300,000% overnight? Seems there is no need to worry about inflation when you can just "declare" your currency to be worth whatever you say whenever you want.

    ReplyDelete

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