Wednesday, January 29, 2014

The Confidence Game

Sometimes I get email from people who tell me about their efforts to talk some sense into a loved one about their involvement in the dinar.  They'll show them something that I've posted in the process.  A typical response is "and who is that guy?".  The inference I believe is that Okie has connections with people high up in the government, or that Adam Montana is a Harvard graduate and a well connected entrepreneur who made money on the Kuwaiti dinar, or that Breitling is a professional investor with all these great contacts who hangs out with multi-millionaires .... etc.  So who cares what this Sam guy has to say?

My response to that is this - I'm nobody.  I'm not a professional investor.  I'm not a guy who hangs out with Wall Street movers and shakers or politicians or CEOs of Fortune 500 companies or anything like that.  I have no sources in the CBI, the IMF, the UST, or the UN, and from the track record of the gurus I have to conclude that they don't either.  The difference is I'm up front about it.

My sources are the CBI website which gives us the history of the Iraqi dinar and shows the financials for the CBI and the dinar, the DOJ that stated that the currency reform plan of the CBI is a redenomination rather than a revaluation, the IMF which states that the CBI's policy is to maintain a stable exchange rate for the dinar, and the US Treasury who said that the main reason the CBI went to a crawling peg regime from Nov. 1, 2006 to Jan. 1, 2009 was to bring down the rate of inflation (not because their GDP and oil production were up), and that they only have a nominal amount of dinar for daily transactions.  My sources also include Google and sites like Wikipedia that debunk many of the things the gurus have told us.

I'm not a prophet of God who has visions about the revaluation of the dinar.  No, I'm just a guy who does his best to use the brain that God gave him.  I read.  I fact check.  I endeavor to verify everything I'm told before I form conclusions.  I've learned that the hard way, like so many other dinar investors.

I don't expect anybody to believe anything that I say just because I say it.  Again, I'm just an anonymous guy on the internet.  You're a fool if you trust me (or anybody else) just because I seem like such a nice guy.  That's why I provide links to so many of the things I say.  I want you to read them for yourself and then form your conclusions.  If you find out tomorrow that I'm an ax murderer or even worse, a Justin Bieber fan, you can separate my personal peccadilloes from the information that I provide.

The dinar world is full of charlatans.  They'll claim this or that to gain your trust.  Once they do they can get you to voluntarily hand over your hard earned money without a gun pointing at you.  It's still theft, but it's called fraud rather than robbery.  The "con" in con man or con artist stands for "confidence".  If a con man can gain your confidence he can get your money, and that's what he's after.  And of course it's much easier to gain your trust if you can convince people that you know Dick Cheney or somebody high up in government, the military, or the business world.  That's why it's so important that you don't trust anybody that you don't know with your money, especially anonymous dinar gurus on the internet. 

From Wikipedia:

The intended victims are known as "marks" or "suckers", and when accomplices are employed, they are known as shills.

A short con is a fast swindle which takes just minutes. It aims to rob the victim of everything in his or her wallet.  A long or big con is a scam that unfolds over several days or weeks and involves a team of swindlers, as well as props, sets, extras, costumes, and scripted lines. It aims to rob the victim of thousands of dollars, often by getting him or her to empty out banking accounts and borrow from family members.

Confidence tricks exploit typical human characteristics such as greed, dishonesty, vanity, opportunism, lust, compassion, credulity, irresponsibility, desperation, and naïvety. As such, there is no consistent profile of a confidence trick victim; the common factor is simply that the victim relies on the good faith of the con artist. Victims of investment scams tend to show an incautious level of greed and gullibility, and many con artists target the elderly, but even alert and educated people may be taken in by other forms of confidence trick.

http://en.wikipedia.org/wiki/Confidence_trick


The marks in the dinar investment are typically church people with little education or investment experience, but of course educated people and people with some investment experience have also been taken in.  The shills would be the people talking about how great the gurus connections are, or how their sources are confirming what the guru says, or that the Kuwaiti RV really happened just as the guru says it did.  They can either do this on conference calls, in chat rooms, or simply by posting in a forum.  A great example of this is "My uncle was in Kuwait and I know for a fact that he made over $100,000 on the Kuwaiti RV and he knows guys who made a lot more than that!" 

The dinar investment would be considered a long scam.  VERY LONG!!!  LOL!  And like most cons, there's a team of swindlers with the dinar.  To date we don't know how many of these guys are working together or know each other, but I can promise you there's a team of them, researching, writing, pumping, "confirming", and praising their leaders.  (This is all very easy to do on the internet where one person can create scores of identities to reinforce the notion that the RV is happening.)  Some of them do audio or even video broadcasts with sets and props.  They use scripted lines like "Bush said the war would pay for itself" or "the authors of the plan have put things in place and the latest developments are all part of the plan!". Sometimes the scripts are more up-to-date like "Christine LeGarde met with Maliki this week and told him to get the RV done."  The more detailed and current the script is, the more believable it sounds to the marks.

You can call me names and make accusations if you want, but for 28 months now I've been telling the dinar community that nobody's going to get rich from any RV, and I've posted hundreds of links to support that statement.  So far I'm batting a thousand and the gurus are batting zero.  Dinar investors have a choice to make.  Stop listening to gurus and start researching the facts regarding the dinar, or place your financial well-being in the hands of hack gurus who are profiting at your expense and have no results to back up their talk.  It's up to you. 

   




55 comments:

  1. Great post Sam! Your last paragraph says it all. It's really that simple but sadly greed and desperation will blind the facts. DB is a perfect example of that. Great post and keep it going. This dinar SCAM is crashing

    ReplyDelete
  2. No shame in Adams game for his pointless weekly chat he held today. Check out his response to someone question:

    Candy01 Hi Adam, I just read that now Parliament won't even vote on the budget until MARCH!! Do you have any inside info on when this crazy ride will END?!


    I left my crystal ball in the VIP room.

    ====================

    Part 2 coming soon....


    Read more: http://dinarvets.com/forums/index.php?/topic/171103-adam-montana-weekly-january-29-2014/#ixzz2rnduwk29

    Oh I guess she should hurry and buy VIP so she can get the inside scoop from a guy who has zero inside contacts and didn't go to Harvard or pass a series 65 exam or who didn't make money on the "Kuwait RV" and who doesn't have CBI contacts.

    It's sad that he's been exposed but people still hang on his every word.

    ReplyDelete
    Replies
    1. No shame here either..

      kgreen asks...

      " If the CBI gives Dinar holders a limited amount of time to "redeem" their Dinar, will the time frame be different for those in or out of Iraq? In other words, if those of us outside of Iraq had "90" days to redeem @ $.10 would in-country Dinar holders either have more than 90 days or redeem at a higher rate? I believe it is your opinion the CBI will likely come out at a low rate of $.10 and slowly raise the rate once they have flushed out investors like us by forcing a redemption. Thank you."


      JAMES "Adam Montana" WOLF replies...

      "That's a good question. Technically, ALL dinar "exchanges" happen at the CBI in Iraq. Any "exchanges" done outside of Iraq are facilitated through a middleman who is taking the risk that by the time it gets to Iraq, they will still honor the value. This is exactly why there is a high "spread" charged for currencies like this, and exactly why you want to be in my VIP group to get the best value for your exchange."

      Delete
    2. When this whole scam dies in a few years Montana will be able to truthfully say he made millions on the RV of the Iraqi dinar. Perhaps that's what he means when he says he made money on the Kuwaiti dinar. LOL!

      Delete
  3. Great post Sam. A while back I posted a list of various propaganda techniques & logical fallacies used by guru's to pump the Dinar. One of the most common is what you've mentioned here - "Appeal to Authority". The entire 'glue' that holds this scam together is the tendency of the victims to blindly believe people who claim to "know a secret", and they stay "hooked" like a drug addict onto "The Search For Secret Intel" out of fear of being wrong. Hence the guru's over-emphasis on secrecy, baseless conspiracies and laughable "Non Disclosure Agreements" (for buying $860 worth of banknotes that's worth less than what many people take on a normal 2-week vacation, LOL), because when you take all that secrecy away it become obvious what's going on.

    In 10 years time, psychologists are going to have an absolute field day finding out what drives people to blindly believe complete strangers who claim to be "secret agents" over the net (yet manage to get every prediction they ever make as wrong as they possibly can)...

    Not to mention why any & all common sense gets shut down on the promise of a "million dollars", (like if the Dinar were going to shoot up 1,000x "soon", then why would MSB's bother selling Dinar to YOU for 20% profit instead of hoarding it themselves for an "imminent" 350,000% profit). You would think the fact that Western Money Services Business selling Dinar are even willing to "lock in a rate for 3 months" via monthly instalments (or "layaway") whilst the buyer believes guru's who tells him "this week!", etc, is enough to wake even the most docile sleeper up, but in reality that's when Cognitive Dissonance kicks in : A feeling of intense mental frustration / anxiety caused by holding two blatantly contradictory beliefs that causes the believer to start actively avoiding reality / facts and surround themselves only with people who tell them what they want to hear and withdraw into a "denial bubble" of their own making out of pure fear of being wrong...

    ReplyDelete
    Replies
    1. "...psychologists are going to have an absolute field day finding out what drives people..." - Brian S.

      Easy there Brian you're gonna give these imbecile guru's like Adam Montana an idea of charging bamboozled investors $14.95 for online psych consultations. He'll even take dinar payments thats how desperate, trifling and vile he is among other things..

      Delete
  4. Great post Sam. Its true that the Iraqi Dinar has become a cash cow for multiple con men. Multiple ways to get paid as well. Kick backs from dinar dealers, VIP ripoff scams which promise future services that will never need to be rendered, conference calls, and ad revenue from sights that lure in masses by posting hype creating lies. All forms of the long con and unfortunately all allow to continue by authorities.

    Anyone get a load of LadyGracesDaddys brilliant new post? Its called Black Moon Rising and hints at a RV based off the moon phase. Lol.....hey.....why not? Its dinar land.....everything means an impossible economic event.

    ReplyDelete
    Replies
    1. Speaking of Black Moon, did you see easyriders response lol. He posted a video of crows attacking doves and said something is up. LGD and easyrider are 2 of dv's finest lol.

      Delete
  5. Dontlop says
    "
    You only know about the cbi reservesWhat are the govts total assets on top of those cbi reservesWhat about private sector assets it all has dollar valuePut a price on every road bridge school house motel hotel hospitol and every oil rich acre of land In IraqThe govt has to have access to every single asset in Iraq if necessaryThere's a lot your not aware ofIf you think those aren't liquifiable assets you still got to learn moreThe big kitty in Iraq is in the trillions of dollars not billions"

    Fs4Enthusiast says

    Stuff like this is so ignorant it's almost unbelievable.  I'd expect a 7th grader to have a better understanding of economics than this.  Yes, Iraq is going to use motels and roads to back their currency.  Who could possibly come up with stuff like this? You see the Donald Trump show where he calculated the value of the US at something like 300 trillion dollars?  When's the USD gonna RV dontlop?  Lol, the kitty is in the trillions.  Uh huh.  Iraq is unimaginable wealthy, but for some reason it has been a third world toilet with a garbage GDP, rampant poverty, and widespread violence for a hundred years.  But a hundred years of being a backwards poverty stricken toilet is all going to change one day soon when their unimaginable wealth bails out the entire planet and makes millionaires out of every sucker that plunked down a grand or two on their hyperinflated currency. How gullible can you be?

    Read more: http://dinarvets.com/forums/index.php?/topic/168256-about-the-issuance-of-a-new-iraqi-currency-soon/page-28#ixzz2rnyrZWYv


    Lol.....not sure who FS4 is but I like him.

    ReplyDelete
  6. Yeah, there's a guy who post on Iraq Business News as GT5Junkie. I wonder if this is the same guy.

    That is one of the more stupid things Dontlop has said... and he's said a lot of stupid things.

    ReplyDelete
  7. I always chuckle when I hear these guys say Iraq’s currency is worthless or undervalued and then claim it needs to be more in line with Kuwait’s currency.
    Iraq has about 40 Trillion dinar in circulation worth .00086 each, so that’s $34 billion.
    Kuwait has about 1.5 Billion dinar in circulation worth $3.60 each, so that’s $5.4 billion.
    Iraqi dinar in circulation is valued at $34 billion, Kuwaiti dinar in circulation is valued at $5.4 billion.
    Iraqi dinar in circulation is 6 times more valuable than Kuwaiti dinar.

    I’ve shown gurus these numbers many times and they have no answer. They ignore the facts and continue to push the same stupid statement that the Iraqi dinar is undervalued and worthless and should be more like Kuwait.
    To make the Iraqi dinar same as the Kuwaiti dinar, Iraq would have to devalue their currency by 6 times.
    So the exchange rate would be 7000:1, or .00014.

    Iraq has 26000 times more currency in circulation Kuwait does. For every 1 Kuwaiti dinar there are26000 Iraqi dinar. Once these facts are known, only a blithering idiot would think they should have the same per unit value.

    ReplyDelete
    Replies
    1. Dave the problem I have had in trying to explain this is in making some of these people understand that the Dinar value and the exchange rate against the U.S.Dollar are two different things, these people just look at the exchange rate and think it means the Dinar is undervalued.

      Delete
  8. Looks like the pumper gurus were right after all. There really is a global currency reset, and it's happening now as we speak. They just had it all wrong. Emerging market currencies are getting stomped.

    Wonder why none of them have simply RVd 100,000% in the face of this crisis?

    ReplyDelete
  9. Lol.....funny stuff Dave. What's strange is what that technically means is the USD is GAINING value against a number of currencies. Weird.....that doesnt jive with easyriders imminent prediction of the USD collapsing and the Dinar skyrocketing in value as a result. Man......I thought easyrider was a reliable source of economic information. NOT!!!!!!!

    ReplyDelete
  10. Funny how dinar recraps is also showing a large decline on folks commenting on guru spew. They just can't draw the traffic nearly as much as before unless they post okie trash and even then I'm confident stating that recraps has plenty of shills and/or identities posting both sides of the fence to draw responses in hopes of yielding traffic but even that is no longer working. DIE RV DIE!!!!! LOL.

    ReplyDelete
    Replies
    1. Unfortunately, Recraps is still drawing a bunch of traffic. https://siteanalytics.compete.com/dinarrecaps.com/#.Uu2NjfupH3U
      The last information posted has them drawing 214,491 Unique views in December. That is down from 241,926 in November and a 12 month high of 261,528. People may just be getting tired of the replying and the site owners not posting the comments that based in reality.

      Delete
  11. The IQD RV scam is losing so much steam that the gurus are desperately attempting to get the suckers to buy into other currency like Zimbabwe and Iranian Rial. Here is a post from Dinar Recraps by some one named KJ although I'm not sure it is the same "KJ" that was once part of The GateKreepers call until she got into a dispute with Vic and Joey (like that's a surprise with their track record!!!). Anyhow take a look at this absurdity about the rate being higher than Kuwait's rate even as recent as 1 year ago. LOL... But then you'll see another person's more level headed response calling KJ out on the rate BS. ;-)

    ======= KJ's stupid post =======

    KJ
    01/29/2014 1:55pm

    Thank you for your objective point of view Mr. Randy. The Dinar community also is forgetting the Article 55? in the Iraqi Constitution that states and was read several times on the GateKeepers Call, that the Pre-Election of the main candidates have to be completed 45 days prior, which would put this @ March 3rd, So, my opinion is NOTHING WILL HAPPEN, until Maliki is neutralized and REMOVED from POWER. Plus, I've been purchasing the Iranian Rial currency, since Sept 2013, since they've been moving like a freight train to strike this Nuclear Deal, like I knew they would do. My opinion, the Iranian Rial currency re-reinstatement will happen prior to the Dinar revaluation, which seems to be within the next 90 days. Iran sanctions have been partially released on Jan 20th and the final agreement talks are schedule for mid-February in NYC to finalize a long term deal and to release the remainder of ALL Sanctions off of Iran.

    The Dinar community has tunnel vision and are missing this Iranian Rial currency reinstatement blessing as well. Look whats been in the news every day since last August 2013? Iran, Iran, Iran. All they have to do is turn back on the currency rate switch back to where it was in Jan 2013 of $3.56. Dont miss this opportunity as well.


    ====== Challenge response next =====

    Bob Ellis
    01/29/2014 2:35pm

    I could very well be wrong but my research shows the IRR at nothing even close to $3.56 in 2013. More like 17,000 IRR to 1 USD. Please provide a source link, if you can, so we may see where you are getting your information. Could be interesting.

    Thanks

    ReplyDelete
  12. Meanwhile in Iraq:

    Baghdad Standoff: 18 Dead After Militants Storm Government Office

    Reuters01/30/14 06:36 AM ET

    BAGHDAD, Jan 30 (Reuters) - Six suicide bombers burst into an Iraqi ministry building, took hostages and killed at least 18 people including themselves on Thursday before security forces regained control, a senior official said.

    The brazen attack on the building belonging to the Ministry of Transportation in northeast Baghdad coincides with a month-long standoff between the Iraqi army and anti-government fighters in the western province of Anbar.

    A senior security source said the six militants took a number of hostages and killed four of them inside the building, which was used to receive visiting delegations. It was not immediately known where the other eight victims died.

    No group claimed responsibility for the attack, but state buildings are a target for Sunni Islamist insurgents who have been regaining momentum in a campaign to destabilise the Shi'ite Muslim-led government.

    More than 1,000 people have been killed in violence across Iraq since the start of the year, when militants seized control of two cities in the Sunni-dominated province of Anbar, bordering Syria.

    It is the first time Sunni militants have exercised such open control in Iraqi cities since the height of the insurgency that followed the 2003 U.S.-led invasion that overthrew dictator Saddam Hussein.

    Shi'ite Prime Minister Nuri al-Maliki has asked for international support and arms to help combat al Qaeda, which has been invigorated by the civil war in neighbouring Syria, where it is also active.

    Anti-government fighters, including the al Qaeda-affiliated Islamic State of Iraq and the Levant (ISIL), are currently in control of the city of Fallujah, which is being surrounded by the Iraqi army.

    The U.N. refugee agency said the standoffin Fallujah has driven more than 140,000 people from their homes, describing it as the largest displacement in Iraq since the sectarian slaughter that climaxed in 2006-07. (Reporting by Suadad al-Salhy; Writing by Isabel Coles; Editing by Mark Heinrich)

    ReplyDelete
  13. It is nice to hear the voice of reason in all of this. My wife has her ear to the computer everyday listening to a joker called Tony. He claims to have a top-secret security clearance and has the ear of all the three-letter agencies. Everyday he says this is the day. This past week he claims it has happened but only in other countries, the US is stopping ours. He talked everyone into sending HIM tweets so the powers that be would get the message that we know whats going on. He does so much double talk you have to know he is a fake. He says all parts of the government are listening in to his calls but "send in tweets so they will know who we are", really? He is a marketing graduate. He and his brother are under investigation, they have a case filed in Kansas City. He makes money for every tweet and for every minute of the "blog talk". Tried to tell others but they say he must need money to continue his work. Really? What about the same answer he gives everytime when questioned about documents. "We have documents but we don't want to make them public right now" When some members called their congressmen, they were told it was only a rumor. Tony says that they must get an oscar for their denial performance. He tells members to NOT call the banks, don't want to mess up process. Tells everyone to wait for a 800 number to call. He tells everyone the rich are getting theirs right now. Again no proof. He can't tell you the name of the banks doing it, doesn't want the process made public just yet. Now he has a "handler" who he says works for government and he helps him. Can only call him "DC". Turns out DC is just Tony's old partner from his previous marketing scam. Lies, lies, lies. Why don't people listen to the truth?

    ReplyDelete
  14. @Jerry Martin: It is very sad to hear of so many individuals having become completely delusional due to this Dinar scam. I personally have friends that got caught up in this mess similar to your wife. I find it absurd and disgusting to see some of the 'guru' websites posting links for calculators functioning as future wealth indicators based on your current Dinar ownership and links to luxury goods such as estates and private jets. It is quite laughable - for sane people like us; and rather unbelievable that some functioning adults actually put faith behind this BS.

    At this point, I am genuinely interested and intrigued by how much longer this scam can keep individuals in an idiotic stupor. I am in my 20's and am a big fan of something rather unusual: I believe in hard work, frugal living, and pragmatic financial planning. I am attending law school and am investing close to $100,000.00 into myself. After this, I will most likely average $150k to $350k annually until my eventual retirement. I realize that this is not anywhere close the billions that your wife and DinarBeleiver will be making overnight, however, I believe that my above plan may be slightly more realistic. It DOES upset me that I will most likely have to wait to purchase a 3-Series BMW for another 4 to 5 years; I will have to quench my undying thirst for regal wealth by visiting the Facebook profiles of those successful RV-Believers. Finally, I must qualify my above statements! My being accepted to a top 10 law school required months of hard work studying for the LSAT. It required my studying daily during university in order to graduate Summa Cum Laude. This is a much more difficult route to undertake... so, I fully understand why buying a bunch of equitably priced fiat currency with the expectation of it to provide unimaginable returns overnight is a much better option for some of the "smarter" individuals (keep in mind that these same individuals also have "inside" information and are usually highly connected with weighty government and private organizations).

    PS: I am quite pleased with my tax-hedged retirement mutual funds averaging 9.5% during 2013. After inflation, I am still ahead by around 7% annually. Again, I cannot afford that private 747 at time of writing with such measly returns but am pleased to be able to stare at a balance with a bunch of zeros on my online bank account. Although a 3,000,000% return does sound very intriguing... off to buy some Dinars...

    ReplyDelete
    Replies
    1. "I will most likely have to wait to purchase a 3-Series BMW for another 4 to 5 years" Wow that's frugal? I thought you were like in the used Kia or Hyundai frugal arena like some of us. Then again if you're expecting to make 150-300k I guess a bmw is considered frugal. ;-)

      PS: You can probably purchase some dinar from the few awoken dreamers at DV. LOL!!

      Delete
    2. I was being slightly facetious... ;)

      Delete
    3. Yes I know. I was just following your lead busting your chops. lol

      Delete
    4. Hehe. DB has officially gone off the hinges...

      Delete
  15. Yea folks over at DV are bragging about how well they are doing investing in Iraqi stocks on the ISX, with an article claiming 28% return in 2013 by some Yale grad hedge fund manager despite overall the ISX being down 9.5% in 2013 (http://snipurl.com/28inug6). Clearly an annual return of 28% is great. But since the S&P500 and the MSCI world index where both up over 27% in 2013, (i.e. 2013 was a very bullish year despite consumer sentiment going the opposite way, this is typically for a bull market) clearly the risk/reward analysis is against investing in Iraq when you can get almost the same or better with no liquidity or civil war etc risk.

    ReplyDelete
  16. LOL... what happened to DinarBeliever over on DV today? I saw he went running to the mods asking for urgent help.

    ReplyDelete
    Replies
    1. Hahaha......SUDDENLY he is all concerned about the market rate. I guess one of the Dinar pumping scam artists like Kraper-pony or Bondlady or not-so-Breitling convinced him that as soon as the market rate gets between 2% of the exchange rate then Iraq will enact Article 8 and change their monetary policy. ROFL......yeah.....right. The ONLY thing keeping the dinar alive is the stability its peg to the dollar allows. DB says the new monetary policy will be a float. Good luck. He better hope not or he will see his dinar lose value rather quickly. Maybe he hasn't noticed the terrorist that are taking over Government buildings and whole towns actually. Yeah.......really a currency that the world cant wait to trade. This whole Article 8 hype is just another irrelevant event that has nothing to do with anything. Its just like LadyGracesDaddys stupid HCL attached to the budget nonsense. All tools used by conmen like Adam Montana to keep the sheep hopeful.

      Delete
    2. Why anyone would ever believe that Iraq (unlike ANY of its neighbors) would ever float their currency boggles the mind. Its not really an option even if they wanted to do so (for some odd reason). To float you must have huge international demand, and that could only happen if there is huge global trade (trillions of dollars worth per year) to be conducted in IQD, which will NEVER happen no matter how prosperous Iraq becomes, let alone if things fall apart even worse then is happening now. All that Koolaid sloshing around in their heads prevents them from asking the obvious question of why doesn't Kuwait, or Qatar, or Saudi Arabia, or the UAE float their currencies?

      Delete
    3. Exactly jrg but the float is just another life raft for the passengers of the sinking RV ship to cling to. Scumbag low lifes like Kraper-pony know this all too well so when their massive RV overnight ignorance has been debunked too many times they start spouting off the float like that's what they have thought all along. LOL....its a joke. TIRD world countries like Iraq peg their currencies for stability. Without it their garbage currencies would certainly crash. Too bad the confused like a certain "believer" that we all know will never accept these facts. Instead he will accuse us of having an agenda or being a government spy or some other desperate stupidity to keep from dealing with reality.

      Delete
  17. I have been watching this Dinar recaps site for 2 months. I read the BS daily. I have heard and seen at least 45 of those days that "today's the day", "tonight", "have on my dancing shoes" and so on. Every day I'm thinking I am waking up rich...so why go to work (kidding). I really don't know how people in that world are doing it. I just watched for 60 days the crap they say. I can't imagine these people doing it for years and hearing that all the time and then the excuses on why it didn't happen today. The history is showing the same times every year. ..The same posts and such. Do your research people. Learn to think on your own. If anyone knows the names of these real people let me know. I'll expose them....

    ReplyDelete
    Replies
    1. These sites are operated for the express purpose of getting new people to buy dinar or access to their "secret information". They are less interested in keeping previous buyers as believers. They'll have a few true believers and moderators and that's enough. They want people that have recently heard about the dinar to visit their site and become convinced that it is almost too late to buy dinar. ALMOST. They want them to think that if they wait any longer, it will be too late. They are trying to give them a sense of urgency so they buy NOW. If they find out later that it's a scam, they don't care. As long as they buy now. That's why the constant, incessant message is "soon", "any day now", "minute by minute", "next 72 hours", "by Saturday". It won't stop until dinar sales slow to a trickle. While I get the sense that sales have slowed and the mania has waned, the vast majority of people still haven't heard about the dinar. It will help if the economy continues to grow. That will ease financial desperation and people won't be as emotionally vulnerable to these scams as they have been the last several years. But there is still tremendous potential for the scam artists to ramp up the hype and target all the still unwashed masses. So, unfortunately, I think DinarRecaps is likely going to be around for awhile.

      Delete
  18. WYSISWYG - Unfortunately the desire for incredible and unbelievable wealth clouds the judgment and intelligence of what are normally intelligent and enlightened people. Unfortunately these simple questions should be enough to wake anyone up, however people just don't think.

    What is the M-2 Money Supply of the Iraqi dinar?
    What is the M-2 Money supply of the United States?
    What is the M-2 Money supply of the world?
    What is a Redenomination?
    How would a redenomination affect a holder of Iraqi Dinar in the US?

    Here are the answers?
    M-2 of Iraq over 85Trillion Dinar
    M-2 of US 11Trillion USD
    M-2 of the world economy ~99Trillion USD
    A redenomination is when a government or central bank decides to issue a new currency to replace the old currency. Oftentimes it is done to remove old inflation or hyperinflation. The new banknotes have a different exchange rate than the old currency. There is a exchange rate set between the old banknotes and the new banknotes. After a set period of time the old banknotes and demonetized and no longer recognized as currency.
    How does this affect the dinar holders in the US? Simply put, they are screwed. There will be no way to exchange them in the US and the chances are very good that Iraq will not allow the import of Iraqi Dinar. If that happens, your 25,000 dinar note will be worthless.

    If folks would rationally think about the answers to these questions. This scam would end in a day. But reality is too hard when the belief of unimaginable wealth is constantly be dangled in front of these folks on Recraps, tnt, oom and others....

    All we can do is continue to educate our friends and family and try to get them to see the light.

    ReplyDelete
  19. OMG...we are rich...we are rich! Did you see the latest Bluwolfe post on recaps!!! It's being announced TODAY!!! Yea....right. Well guess what...it looks like there was a revalue...From 1166 to 1161 according to Forex and all other currency sites. Well...still...These idiots are not rich. Geez...I see others posts there...sounds like people are finally tired of the "gurus" bs and realizing the scam. About time!

    ReplyDelete
  20. These idiot gurus like Pooopy3, Pastor Ed, Frank26 and others all remind me of the likes of the christian radio host conman Pat Kiley who used his christian platform to con people with his foreign currency ponzi scheme. Like these jerk gurus Kiley also claimed to have believed in the scheme and played the innocent minded role. So as you can see these gurus have plenty of crappy role models they emulate. Surely I hope all of these jackasses go down and get convicted like him and his team of scumbags.

    ReplyDelete
  21. Vinny this is something I have often wondered about and it's actually one of my pet gripes, WHY has this massive swindle been allowed to run for so long when some scams that pale in comparison in sheer numbers of victims and time involved are taken down and prosecuted amid much publicity? This has got to be the biggest and longest running swindle in the history of our country if you consider how many have been (and still will be!!!!) taken in yet there seems to be almost zero interest from law enforcement in stopping it, why is that? That one indictment is just the proverbial "drop-in-the-bucket" and appears to be an isolated case so why are these others allowed to continue? If the intention is to just test that case in court then this scam will drag on for years before the case is settled, I truly hope that's not what further indictments are waiting on.

    ReplyDelete
  22. In dollar terms, even if only considering actual losses and assuming IQD investors will lose 100%, Madoff's fraud is far larger.

    "The amount missing from client accounts, including fabricated gains, was almost $65 billion.[20] The court-appointed trustee estimated actual losses to investors of $18 billion[19]." http://en.wikipedia.org/wiki/Bernard_Madoff

    Keeping in mind that I don't even play an attorney on tv:
    Fraud (and in this case conspiracy to commit fraud I think) is a very hard thing to prosecute, The dealers have the proper fine print on their sites. Its the combination of the guru sites pumping with advertising that takes you to the dealers that is the issue. The lack of explicit coordination (despite of course all parties full well knowing what is going on) makes it difficult to make a legal case. Or at least that is what I suspect is going on. The dealers tout that they are "licensed by the UST". Well that is of core not really correct. A Money Service Business or MSB has to register with the Financial Crimes Enforcement Network of the UST (http://www.fincen.gov) but this is effectively only a reporting requirement. FinCEN does not approve or issue licenses they only require MSBs to register and report transactions of certain types and sizes. i.e. they are trying to find and prevent money laundering. I have send emails to various DOJ addresses for reporting fraud etc but no replies as yet.

    Their may be more hope for civil actions where the bar is lower. But even then, after the RD (in a few years maybe) the dealers and even guru sites will say "we always said a RD was possible, we just didn't think it was likely". I'm not sure how sympathetic juries will be to people who were acting stupidly and never managed to "wake up". But I certainly hope that some day in some way these guys get what's coming to them.

    ReplyDelete
  23. I met today with someone who works fraud and scams in the Texas Attorney General's Office. He asked me to forward info over to him and he will look into it. He hadn't heard it yet. Please post what you think he should know and I will get it to him.

    ReplyDelete
    Replies
    1. Steve. I would start by pointing out to him Dinar Daddy site. Which promotes every crazy rumor in dinar world. He even makes claims himself, like the one I posted below. Dinar Daddy is Roger Dorman. He and his wife also own Currency Vault which sells Iraqi dinar. I’m sure it’s against the law for these guys to lie about it and sell it at the same time. Seems you can do one or the other, but not both, and Dorman’s walking a mighty fine line.

      Delete
  24. I’ve always wondered why US or Iraqi officials didn’t speak out about this scam. I read an article back in 2007 that if true, explains a lot. According to the article the Coalition Authority pumped the dinar out to middle east countries with the rumor of a big RV. The thought being if people in the region had the currency and were hoping for gains they would support the entire operation. The Iraqi dinar was part of a psyop (Psychological Operations) plan devised by the Coalition Authority to win support for the Iraqi war. That would certainly explain why the US nor Iraq has ever made any attempts to stop this crap. It was their plan to start with.
    Here is the article I posted back in 2007.
    http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23473504

    ReplyDelete
  25. So...today...I see that someone has posted a comment in one of the boards that TN and others sites are down...trend it has to be from a system update...and hopefully they are back up soon. Well...I'm sure my post on those sites won't get published...but I have to say...maybe they have finally given up a D realize after saying the last few days that it has happened ... they don't have anywhere else to go...and they have finally closed up shop for a couple of years on this scam.

    ReplyDelete
    Replies
    1. What I'm hearing it's a legal matter and they are getting evidence against Tony and Okie, wish I could say more but it's on going.

      Delete
    2. Would be nice to see them shutdown Dinar Recraps for posting only selective commentary that helps perpetuate the lies and not the thought provoking questions or comments that would allow folk to see both sides of the coin.

      Delete
  26. Doeuchbag Alert!!
    Has anyone noticed Dinar Daddy is easing his way back into the scene.
    I wish had a link, or had copied his post after Rudy and his gang got indicted. DD posted and said that he believed all the articles were talking about a redenomination and it was apparent that was Iraqs intentions. This was after years of saying the articles were about a huge revaluation and they would never lop. Amazing what the fear of a little jail time will do to someone.
    Well… he’s back and making statement like this.
    “increase in value of a currency that would instantaneously create trillions in wealth across the world”

    ReplyDelete
  27. So what's up with all these high level international bankers turning up dead by " suicide" this past week?
    http://www.zerohedge.com/news/2014-01-31/third-banker-former-fed-member-found-dead-inside-week

    ReplyDelete
    Replies
    1. Sometimes a cigar is just a cigar. In other words, sometimes there's no hidden meaning behind something. One of the three mentioned in that article wasn't even a banker. He was an economist at an investment firm. The other two deaths were ruled non-suspicious by police. Unless you're a conspiracy theorist who instinctively draws sinister conclusions from coincidences like this there's no reason to infer anything more.

      Delete
    2. I was excited to read Tony TNT, Okie, Pooopy3, Frank26, Bluwolf, Adam and other guru names in the articles but was once again let down. :-(

      Delete
    3. Just more blog hype in my opinion. As soon as I saw economist committed suicide I knew they were trying to hype up a story that wasn't so. An economist is often times not a banker although there are bankers with economic backgrounds. Sorry but I just don't make anything of that blog or article links.

      Delete
    4. I don't believe this has been posted on this blog yet but if it has you may disregard but I thought it was worth mentioning.

      Speaking of Tony I found this interesting piece posted last week on Mr. IQD's site labeled "Oops Tony TNT Renfrow may have pissed off the IMF". A lady by the name Ines Radman decided to take up Tony on his offer about Christine Lagarde listening to his calls and wrote the IMF a letter concerning the RV scam. The iMF response is straight forward. Read on at the following two links.


      http://mriqd.com/category/hack-gurus/tony-tnt/

      http://inesradman.wordpress.com/2014/01/23/enough-proof-dinar-rv-is-a-scam/


      Delete
    5. I forgot this link.

      http://inesradman.wordpress.com/2014/01/24/tnt-why-i-cant-give-you-proof/

      Ines is funny.

      Delete
  28. The dinaratti at DV are all a twitter over gold! (http://snipurl.com/28j2tyr). The CBI is going to start selling gold, or at least so says an article. Just how much is not entirely clear, but no matter how much (even if its as large as 35T IQD worth as claimed) it makes no difference to the money supply Vs reserves equation. Dontlop says the dollars (presumably they think people will buy this gold with dollars and maybe so) will add to the reserves. That is true, but of course the CBI had to BUY the gold to begin with which reduces the reserves by the same amount. So it changes nothing.

    Why would the CBI rather have people hold gold instead of dollars? Because gold is not easily used in the market place while dollars are. Thus they are just trying to reduce the size of the shadow economy so that any tweaks they make to the money supply or reserves or exchange rate or any other changes they make to monetary policy will impact a larger portion of the economy. So perhaps a sensible thing for the CBI to do, people like gold that's for sure. But it has no impact on the CBI's ability to raise the value of the IQD more than the 15% their reserves allow given the size of the money supply. If people buy gold with dollars the money supply and the reserves stay the same (part of their dollar reserves is exchanged for gold when the CBI buys it, then back to dollars when the sell it). If they buy with IQD the money supply goes down and the reserves go down in exact proportion.

    The fallacy is that if Iraqi's are getting dollars to use in the market place, then they will not want to buy gold instead and if they are buying dollars to hold as a long term asset where they would like gold as much or more, then this is not part of the shadow economy. So its not clear to me this will make any difference, but clearly no difference relative to the mythical RV.

    ReplyDelete
  29. Sexual innuendo, double entendre or just plain ole stupid greedy desperation?! Either way I can't help but LMAO at the DONG statement. Every now and then there is some hidden humor at Dinar Recraps.


    "Trapdoor: @sunny Great take on the value. I do think it stays set and stable for a few months before allowing it to float up. We may have had to get our three zeros in by then. I'm taking what comes out and running. I may hold my Dong for a while though as it could rise….. My thought is that as a tradable currency, there is more of a possibility for it to move. The Dinar HAS to be stable as it will be one of the new reserve currencies"

    ReplyDelete
    Replies
    1. Too funny, Cruzer. This reminds me of the TV station in San Francisco that reported the names of the pilots on that Korean airliner as Capt. Som Ting Wong, We Tu Lo, Ho Lee Fuk, and Bang Ding Ow. Sound it out, guys!

      Delete
    2. Yea plenty of Dong jokes at these sites. But I find the idea of the IQD becoming a reserve currency even funnier! In order for the IQD to be RVed (even by a possible tiny amount) it has to be pegged as otherwise the central bank is not the one setting the rate and the rest of the world certainly does not care about the IQD. As I said in a previous post somewhere on this site, the IQD will NEVER be floated as it makes the rate far to volatile given the dominance of oil in their economy. But a reserve currency has to float as otherwise any central bank holding that currency is just holding a proxy for currency to which it is pegged. Of course even if Iraq was peaceful and prosperous, the idea that the currency of a country with a GDP of only $200B USD would be a world reserve is 100% nonsense to begin with. Yet the dinaratti just lap it up. If you huff enough paint fumes perhaps it all makes sense, but I think I'll decline that experiment.

      Delete
  30. I was once a fool to this scam, for a year I listened to dinar recraps and all its insanity! My reason for following was the person who told me to believe this was a college professor of mine and I couldn't figure out why not to believe her. I followed hourly spending money each month with promise of riches, in fact my professor had new blue prints drawn up for a 2.5 million dollar house! Who the hell goes that far with something if its not true! She even went to a psychic friend who talked to spirits who told her the rv was weeks away! Lol that was 2008! Now this person has lost her job, lost her credibility and has had to re start her entire life because she believes this was the way out! Not to mention a college professor makes good money anyway so its really sad what people who you look up to can do to there life because of this scam. Now I invest my extra money into my portfolio and IRA which isn't a slam dunk but better then pissing it down the toilet! If your someone who is on the fence about this potential rv I suggest going back to the words we have all heard. If it sounds to good to be true, then it most likely is! Work for your money use your brain not blindly following people you don't even know. I still know several who still believe this shit and all of them are still driving the same car to the same job to the same house they were before they got involved in this. All of them meet monthly to plan there future wealth and plans for who gets what and gives away what. It may as well be fantasy camp! Sorry for the rant, I have been trying to post my thoughts on the dinar scam on recraps and others but obviously never posts.

    ReplyDelete
  31. Well nick welcome home and join the many of us who admittedly fell for what appeared to be logical at one point until the white angel opened up the eyes that the red devil had blurred with the magnetic word "millionaire". Never in my life have I ever aspired, dreamed nor even had remote thought of being wealthy as I am happy being comfortable living an honest life. But here's the thing. Society is full of wealthy people by way of stroke of luck wealthy people like lottery winners, heirs, overnight junk rappers putting out crap music, wealthy-LIKE images, etc. becoming a millionaire suddenly doesn't appear to such a distant possibility. However, when you begin to exam the root and reality of what makes individuals wealthy often times it is a sham / scam / short-lived sensation such like the Dinar RV. I bought into it because of a friend of was introduced by a co-worker that claimed to be invested for 5yrs back in 2011 and was steadfast about the imminent RV. So what the heck I got some and then some more as a "just in case" possibility which generally is what keeps perpetuating this scam, but all the while I never stopped living my life. My attitude is if it happens it's a great thing, if it doesn't then I will sell back to recover what I can and accept the loss. At the time my mentality was I've lost a lot more than I was willing to lose with this bet so I could stand to lose more if I didn't jump on the opportunity. Sure I read the stupid recraps stuff and bounced around some forums to get a feel for what the talk was though I rapidly learned there were a bunch of buffoons who would defend the internet stranger gurus till their dying day. So after a few months I stopped reading the trash and going to the forums and left my camel crap paper stashed away until my 2yr limit matured. At that time I would re-evaluate to see if I would sell back or stay with it. Well, just a few months prior to the 2yr anniversary I really began researching and came across sites like Marcus Curtis, Dinar Douchebage, did some learning about money supply and basic economics, found the old NY Times Kuwait article of 1991, etc... which quickly opened my eyes when I decided it was all a hoax/scam/sham/BS.

    I say this all because you are not the only one who's fallen for it and this site was built by Sam because he too was there. But one thing I firmly believe is that the majority of those that frequent here want to see this lie coming to a screeching halt and the gurus get some penalties by the U.S. Justice system though I doubt that will ever happen on a grand scale.

    So bottom line is if you want to help the next scammed person feel free to share links to this site because there is no Monday morning hype on this site and DEFINITELY if you were rooting for the Denver Broncos last night!!! ;-)

    ReplyDelete

Please keep your comments civil and respectful. No namecalling, insults, or accusations against other participants. Do not post phone numbers or addresses.