Saturday, March 8, 2014

"Delete the Zeros" Article

A couple of days ago the following article came out, and it got a lot of responses from gurus.  I figured I'd throw my observations into the mix, too.  See my comments below the article.


1. BAGHDAD / newspaper rectitude - the central bank began to examine the decision to amend the categories of the Iraqi dinar since 2010 as it seeks today to the deletion of three zeros from the Iraqi currency, a project raises many concerns on the street level and the business community in Iraq.

2. The delayed implementation of the project after it has been amended, the central bank more than once due to concerns based predominantly to counterfeit currency circulating in the market and the security situation uncontrolled and open market for foreign goods.

3. It seems that economists are divided between supporters of the project see it as an opportunity to reduce the proportion of counterfeit currency and high inflation, unemployment, and between forewarned of economic shocks may dominate the Iraqi market due to the application of this project.

4. Where postponed the process of deleting the zeros more than once, until the called the Economic Committee in the House of Representatives on the seventh of July of the central bank, accelerate the process of deletion of zeros from the Iraqi currency, stressing that the process of deleting the zeros will increase the value of the Iraqi dinar will be reflected positively on the issue of reducing the rate of unemployment and poverty in the country.

5. The aim of the process - according to the Central Bank of Iraq - to reduce the enormous mass of cash flabby, and easing inflation, which he considered the bank (monetary inflation) caused by an increase in the amount of cash pumped into the street, which invited him to foot the deletion of three zeros from the currency.

6. According to reliable sources that the process of deletion of zeros will be this year, noting that the measure will gradually until full absorption banknotes old from the market completely, memory that the currencies of existing and new will work at the same time without reducing the value of any of them until the full absorption currency Current or that would be (old) time.

7. A member of the Finance Committee in Parliament Abdul Hussein al-Yasiri: "The year 2014 will see the deletion of zeros from the Iraqi currency, to be done in coordination with the Central Bank of Iraq."

8. The Yasiri that this project will lead to the reduction of the size of the national currency in circulation than four billion Iraqi dinars to one billion only.

9. For his part, Deputy Chairman of the Finance Committee in the Iraqi Parliament Ahmed Hassan Faizullah to delete the zeros will not change the purchasing power of the Iraqi dinar because it is linked to the size of the industrial production, import, and what saved the Iraqi dinar and whenever replaced the currency in 2007, is owning the central bank cash reserve of hard currency Osafth has formed a cover of the dinar.

10. For his part, said a member of the parliamentary Economic Committee Mahma Khalil said that "the current currency big bloated and not worthy of the country's citizens have a strong desire to keep the Iraqi dinar to compete with the dollar and other currencies."

11. He said: "It is possible to delete the zeros from the current currency, but it has been postponed until after the parliamentary elections, pointing out that studies are now to put safeguards in order to reduce fraud, or make sure not to current currency trading again."

12. A member of the parliamentary Economic Committee Abdul-Hussein Abtan that "the increase of the Iraqi dinar against the dollar is so vital to the citizen, where not enough that we have billions in deposits at the central bank in exchange rate of poverty and unemployment and a weak purchasing power of the citizen."

13. He says an economist and head of economic studies at the Center for Mustansiriya Dr. Abdul Rahman al-Mashhadani: "The process of deletion of zeros formality through which to change the face value of the coin without compromising real terms and have no raised real economic because the currency change will not lead to an increase in GDP of the country, explaining that the process is applied without any damage in many countries of the world during the last thirty years, including Bolivia in 1986, Russia in 1998, Turkey in 2005, North Korea in 2009. "

14. He called for Mashhadani to the need to distinguish between the process of change in real currency, which means changing the exchange rate of the local currency compared to the currencies of leadership as dollar Mthelaoho is leading to re-evaluate the prices of goods and services due to the change the real value of the currency, such as what happened in Iraq in 2007 when the value of the Iraqi dinar against the U.S. dollar to 1267 dinars after it was sold at a price of 1475 dinars in 2006, and like what was done when China devalued its currency iwan compared to other currencies even compete with Chinese goods other commodities in the world markets being cheaper.

15. And the expert a number of pros, where he said that the process of deletion of zeros will be provided by the new currency, considering changing the currency order will boost confidence with one of the symbols of national sovereignty of the country, and can increase confidence in the national currency with the citizen at home and the foreign investor abroad, as well as reducing process ( Dollarization) using this currency as a store of value and measurement, as well as to facilitate the process of trade within the country, and to facilitate the process of converting the dinar to other currencies.

16. As justification for the replacement process Vl_khasha follows:

- Gangs and mafias attempt to juggle the Iraqi currency and pumped into the local market for the destruction of the national economy, which spread recently.

- The presence of a cluster of cash has a big exporter leaves four trillion paper and worth more than $ 30 trillion dinars to the various groups, a large block size and the value in the economy is recovering day by day.

- Currently the largest category of cash is 25 000 dinars, equivalent to $ 21 almost and this requires a larger and a major effort to settle the daily transactions in terms of the time of counting, sorting, acceptance and safety and so we find the settlement of most of the daily transactions that increase Akiemha for the 20 million are in dollars.

- The presence of damage to a large proportion of the currency, especially in small denominations and inadmissible in circulation and constitute almost one-third of the money supply and not replaced gradually by the central bank.

- The difficulty of making the calculations under the numbers increase the number of Ocefarha zero for 14 of the practical and technical error occurred and the possibility of adding either zero or deleted.

17. From here, the process of lifting the zeros are in the attraction between economists between positives and its negatives is that there is almost a consensus that money laundering, forgery and the spread of financial and administrative corruption and economic instability will be a severe negative factors influencing the process of replacing the currency.

18. The Iraqi Central Bank acknowledged the existence of Banknotes fakes in commercial markets, and face Aamama to all banks to take the necessary, and detect the presence of vigorous attempts to rig the currency, calling on all government agencies concerned to fight for it if they grew up will be a threat to the Iraqi economy and a violation of his.


Before I offer my thoughts let's see what the gurus are saying.

Kaperoni -  ”Is the process will delete the zeros of the Iraqi currency to stop rigged?!” All I can say is WOW! This is exactly what Dr. Bakri said in his report…This article is correct that changing the currency in itself does not raise the value, but as the IMF stated “Balassa-Samuelson effect” meaning as the economy grows so does the exchange rate…in other words its a float! and it will rise based on supply and demand. And we know the new smaller bills could or would not be in circulation until the exchange rate rises. Quote: “the process of deletion of zeros will be provided by the new currency,” In other words, the transition from larger notes to smaller notes “deletes the zeros” and its not a LOP.

Enorrste -  “Is the process will delete the zeros of the Iraqi currency to stop rigged?!“   this article is a confirmation that we are on the right track. There will be a beginning of a free float THIS YEAR, followed by a GRADUAL RISE IN THE VALUE OF THE DINAR which will lead to a GRADUAL REMOVAL OF THE LARGE NOTES as the value of the dinar rises. Our journey is about to bear its fruit, assuming nothing ELSE comes along to derail it!

Stryker -  "Is the process will delete the zeros of the Iraqi currency to stop rigged?!"  Quote: "memory that the currencies of existing and new will work at the same time without reducing the value of any of them until the full absorption currency Current"   This IMO, says that all the currencies will have the same value and neither will be reduced according to this quote. Meaning each dinar no matter old or new will have the same value, example: Each dinar in a 25,000 dinar note will have the same value as the new 25 dinar note, IF each dinar is equal to $1 USD then the new 25 dinar note will be worth $25.00 USD and the 25,000 dinar note will be worth $25,000 USD.

Breitling -   "Great article!  ... babble babble ... velocity... blah blah blah ...... artificial inflation .... yak yak ... loppers are wrong .... yada yada yada ...." (13 minutes in)

Tlar -   "this article is the best article in quite a while.  It confirms many things for our investment.  The first is it confirms no lop, it confirms it will happen this year 2014, it confirms, they will change the exchange rate itself, it confirms a dinar is a dinar (every note will be good and every denomination will be good), it confirms both currencies will be in use until all the old notes are collected, it confirms this will be an RV and not a float by this statement (the process of deletion of zeros will be provided by the new currency) meaning the currency will be issued at the same time they delete the zeros."

I'm not usually inclined to comment on news articles as I find them irrelevant for the most part, but when they create such a reaction in the dinar community I figure it's my duty to do so.  A lot of this is hard to understand as it's basically Arabish (Arabic/English/Gibberish) and I might be wrong on a few points, but here's how I break it down.

Paragraph 1 - Review of the history of the currency reform plan.

Paragraph 2 - Counterfeiting concerns.

Paragraph 3 - Mentions contrasting views among economists on the economic impact of redenominating.

Paragraph 4 - Economic committee claims that deleting the zeros will increase the value of the dinar.  That doesn't mean that the dinar that speculators hold will increase in value.  It's referring to the increase in value when they convert from the IQD (valued at $.00086) to the new dinar (valued at $.86).  This will give Iraq a currency that is near parity with the USD and according to the commitee will encourage foreign trade which will theoretically stimulate the Iraq economy and create jobs, which will help them to reduce poverty.

Paragraph 5 - The redenomination will reduce the money supply from tens of trillions of IQD to tens of billions of the new dinar.  As the higher-valued dinar is increasingly used, the problems with inflation of the street value (remember, the official value is pegged to the dollar so it only depreciates to the extent that the USD depreciates) will theoretically subside. 

Paragraphs 6,7 - The sources indicate that the redenomination will occur this year, and will continue until the old dinar (IQD) is out of circulation.  Previous articles have stated that this will take two years to carry out.

Paragraph 8 - Yasiri repeats that the money supply will be reduced.  They state from 4 billion to 1 billion.  The CBI financials report that the money supply outside of banks is about 34 trillion, so my guess is that they're referring to the total of notes in circulation. 

Paragraph 9 - States that the redenomination won't change the purchasing power of the dinar.   This is in contrast to the earlier statement that the value would increase.  How can you raise the value without increasing the purchasing power?  Simple!.  An even exchange of the old dinar at the old valuation for the new dinar at the new one.  A lop. 

Paragraph 10 - States that the people of Iraq want a more valuable currency.  Nothing new there.  They've wanted this for years, so that they can use their own currency like the US dollar.

Paragraph 11 - States reasons for delaying the redenomination.

Paragraph 12 - Repeats concerns over the need to redenominate.

Paragraph 13, 14 - Mashhadani doubts that the redenomination will have any economic impact, good or bad.  He seems to think that Iraq should actually revalue or possibly devalue the dinar back to the range where it was before they went to a crawling peg policy in 2006-2008 and raised the value by 26%.  By lowering the value they could benefit as China did when their currency's value was lower.  The word "coin" has been used in the past to refer to bills, so it's not just talking about coins as we use the word but currency in general which would include all denominations and all electronic currency.

Paragraph 15 - Other experts list a number of benefits to redenominating.

Paragraph 16 - One expert named Vl_khasha lists his reasons for supporting the redenomination.  Here's where it gets interesting to me.  In his second point he seems to be saying that there's 34 trillion dinar in cash, but 30 trillion was exported and only 4 trillion (maybe this is where they got the 4 billion figure in paragraph 8) is in circulation inside of Iraq.  This is something that TD mentioned recently after he sold off 95% of his dinar in expectation of a closed border RD.  Marcus Curtis has the same view, except that he estimates 25 trillion outside of Iraq.    

Paragraph 17 - One thing almost everybody agrees on is that the redenomination will encounter problems with criminal activity.

Paragraph 18 - The CBI acknowledges that counterfieit currency in the marketplace is a problem, and
calls upon all banks and government agencies to fight against counterfeiting. 

And now a couple of observations.  

First of all, I've said it before and I guess I'll keep saying it - deleting the zeros means redeonomination, as in L - O - P ... LOP!  (To my regular readers, I'm sorry if I bore you with my repetitions, but if the gurus keep repeating their lies I'm going to keep repeating the facts.  Newbies are constantly checking out the dinar and they need this information.)  You can read more in my post Deleting the Zeros.  It doesn't mean revaluation.  New currency has never been issued during a revaluation.  All that occurs when a central bank revalues a currency is that the exchange rate changes.  When you issue a new currency to replace one with zeros that were added because of hyperinflation that's a redeonomination and it's a neutral event, as in NO PROFIT.

And finally, they compare their currency reform plan to what has happened in other countries.   

"the process is applied without any damage in many countries of the world during the last thirty years, including Bolivia in 1986, Russia in 1998, Turkey in 2005, North Korea in 2009"

If you'll study the cases mentioned in that statement you'll see that none of them were revaluations.  They were all redenominations.

How the gurus can look at this article and conclude that it means anything other that the worst case scenario is beyond me.  Sorry kiddos, but this article is talking about a lop.  That's not Sammy saying that, it's the head of economic studies at the Center for Mustansiriya Dr. Abdul Rahman al-Mashhadan.  

You really don't need to torture yourself trying to make sense of these articles, and you don't need to be an economist or a currency expert to see what's going on with the currency reform.  All you really need is basic math and reading comprehension skills to understand a few things about economics and currency valuation.  Revaluations don't make people rich.  At best you might manage to make a little profit, but even that is a gamble.  Redenominations are the norm for currencies like the dinar, and that's what this article is addressing.  The gurus got it wrong here just like they always get it wrong. 




  1. Just the fact that the spewrews suggest that Iraq is pre-announcing a massive rise in the dinar value really speaks for the mentality and utter lack of common sense of their mindless victims.

  2. What's more stunning? That an article can come out saying "the process is applied without any damage in many countries of the world during the last thirty years, including Bolivia in 1986, Russia in 1998, Turkey in 2005, North Korea in 2009", in other words the process is a lop. Yet Guru IDIOTS claim the article proves no lop.
    What's more stunning? That gurus make that claim? Or that there are actually people hanging out on dinar boards ignorant enough to believe them?

  3. They actually have people believing its a new plan different from the first one, as in this one is a RV the old was a lop lol

  4. I don't know that the gurus got wrong but rather that they are flat out FUDGING LIARS PERIOD!!! They are scum and there is no other description for them in my eyes. They all use it to pump their agenda like kRaperoni who will end his analysis with "a float". There is no explanation or doubt they are DAMN LIARS!! That's why they are pumpers for hire.

  5. "The process of deletion of zeros formality through which to change the face value of the coin without compromising real terms and have no raised real economic because the currency change will not lead to an increase in GDP of the country, explaining that the process is applied without any damage in many countries of the world during the last thirty years, including Bolivia in 1986, Russia in 1998, Turkey in 2005, North Korea in 2009."

    The fact that all those other countries named redenominated is obviously lost on the sheeple:-

    - Turkey redenominated 6 zeros from 1,000,000 Turkish Lira (TRL) -> 1 New Turkish Lira (TRY)

    - Russia redenominated 3 zeros from 1,000 Old Rubles (RUR) -> 1 Ruble (RUB)

    - Bolivia redenominated 6 zeros from 1,000,000 Old Boliviano (BOP) -> 1 Boliviano (BOB)

    etc, etc, for about 70 other countries including oil-rich Venezuela (2008) and similarly occupied Afghanistan (2003).

    A real "RV" is nothing more than an external peg adjustment - a change in the buy / sell rate of the currency vs whatever currency it's pegged to. RV's take no money out of circulation nor adjust the face value of banknotes - they are nothing more than the same appreciation that floating currencies experience every day.

    In fact, you don't get new currency codes or banknotes for any "RV" just like Iraq didn't get new currency code or banknotes when they "RV'd" the NID's from 1400:1 down to 1166:1 or like China doesn't change its banknotes every time it moves vs the $. That Iraq is changing the face value is perfect proof in itself of Iraq's obvious renomination / "lop" (and the guru's usual incessant lies & BS).

  6. First Sam, excellent article as always. The friends I have that are into this sent me copies of this article but it was in what you called Arabish that I really could not understand it. So Thank You so much for the incite and I passed it on.

    Second Brian, I just love your posts! I have learned more from you than I think I even know. You knowledge is amazing and I tell you what after coming here and reading Sam's stuff and all the comments including yours I can't believe that anyone still believes this stuff.

    1. Greed, denial, and ignorance are a few reasons why people still believe in this even though all their beliefs have been thoroughly debunked by people like Brian, Sam and many others. When the RD does eventually happen you can bet that they will have an excuse for it. The "PTB" doesn't want the little man getting rich. How people can purposely ignore or push aside the facts will anyways blow my mind.

  7. 12:36 EDT and DV is still down, it most likely will return soon but like the Dinar idgits I will try to think positive thoughts, Lol!

    Also over on BI those guys seem to be putting a lot of confidence in a guy who calls himself "Kahlid" who claims to be an Iraqi employee of the CBI, I may be wrong but I am fairly certain he's a fraud. He has been saying the RD will occur by April first at the latest and apparently most over there are giving him more credit for telling the truth than I think he deserves, his posts are supposedly in "Aribish" but it just doesn't ring true. First off I notice him using "Dinar Slang" such as referring to the new currency as "the lower denoms", DENOMS"????? Would a real Iraqi employee use the word "Denom" to describe the new lower denomination currency? Also lines such as (direct quote),

    "I do know the rate being talked believe or not but in 3 years our country will be on par with kwd., this as said will be a RD with our currency floating from a lower rate,prices are already in place,lower denoms are ready and are at the banks for implentation".

    To me this could have been taken from most any "RV" guru post by simply changing "RD" to "RV" and cleaning up what's to me just a lame attempt at an Arab accent style writing. Nonsense such as the insinuation that the newly RDed Dinar will shortly float to $3+ to be on a par with Kuwait sounds like GURU BS to me! I think this is someone playing with them but it would seem a lot of folks are taking it much too seriously, I could be wrong but I don't think so.

    1. I agree about Zahlid. I've been reading his stuff and I noticed that he makes camel references. I've never known a true Arab to make camel references. It reminds me of jokes Johnny Carson made 40 years ago as Carnac the Magnificent. "May the fleas of a thousand camels infest your armpits".

    2. Andrew Reed, who finally agreed to post under his real name after being outed as "Patel", is probably continuing to post their with multiple names because the posting (thought process) styles are very similar if not the same. I wouldn't be surprised if a search of some of his past posts here, unless they were deleted by Sam for obvious reasons, are closely similar to the BI posts.

    3. Yep I noticed the camel reference too and that along with a host of other flaws is just too telling, I think the camel thing would likely be insulting to a real Iraqi so he is IMO much too obviously a phony and a lot of what he says could be taken right out of the "Dinar Guru's Handbook" if the "RD" was changed to "RV". I don't know what his angle is other than maybe just chits and giggles but, again just my opinion, he's getting much too much credit for what he's saying and I hate to see good people played like that.

      It "might" happen like he says and I hope it does but IMHO that guy is about as likely to be an Iraqi as I am being a freakin Martian!

  8. I think you’re exactly right. That guy is a fraud just like the guru pumpers claiming a big RV. I don’t know what his angle is or what he’s trying to accomplish.
    Couple things stick. As you noted the “float” claim. No way Iraq floats their currency, even after a redenomination. Even if they did it certainly would not go from 96 cents post redomination to $3.50 in 3 years.
    His giving a date of April is also very skeptical. All reports are the project is on hold due to Parliament haggling. 2015 has been mentioned a number of times as the soonest it might happen. I’m almost certain it won’t happen prior to the elections.
    The only reason I won’t call this blatant BS is because countries can talk about lops for a long time like Iraq has and then sometimes announce the implementation of the plan unexpectedly and suddenly and give a short exchange period. That would combat counterfeiting and also trap trillions of dinar outside of the country unable to be exchanged. I big windfall for Iraq.
    Also… the guy says he will reveal his credentials after this is done. I do call blatant BS on that. I’m supposed to believe someone with his contacts will reveal himself, which will alert his superiors that he was on Iraqi dinar investment sites giving out info and dates about the plan.
    In fact, I think I’ll post this same thing over at B.I.


    It sounds so easy. Invest in Iraq’s currency – called the dinar – and you could become fabulously wealthy.
    Tennessee Valley residents, along with many more across the country, are buying in. So, is it a smart move? Or a scam? WHNT News 19 is taking action to find out.
    Tim Jones, an Albertville resident, tells WHNT News 19 he was thinking of his children and his family’s financial future, when he used 1,000 U.S. dollars to buy 750,000 Iraqi dinar.
    The pitch was pretty compelling. Jones was told that one day soon, Iraq’s currency would rise sharply in value against the U.S. dollar, creating a huge financial windfall for him.
    Year’s later that “revaluation” still hasn’t happened, leaving Tim to wonder if he made the wrong choice, along with many others he knows who bought in.
    To find the truth, WHNT News 19 turned to the web – where there are countless websites, blogs and forums devoted to speculation about the dinar “revaluation” or “RV” for short – as well as the Better Business Bureau, state regulators and financial experts.
    Are the claims of a big payoff for dinar investors legit?
    To see what we found, watch WHNT News 19′s Taking Action Investigation “The Iraqi Dinar” airing Tuesday, March 11th at 10:00 p.m.

  10. Someone named Jane on Baghdad Invest just posted this. But of course the imbeciles will ignore it.

    "By the way here is the link to the Dinar investigation segment on WHNT News 19 airing Tuesday, March 11th at 10:00 p.m."

  11. I agree dwn..........kahlid on BI is most definitely a fraud. He (or she) said that Andrew was lost like a camel in the Sahara. Why would an Iraqi use an African desert in their metaphor? Also this claim that the Iraqi dinar will be on par with the Kuwaiti dinar shortly after the RD is obviously a claim NOT made by any employee of a central bank. For a country to triple its exchange rate against the dollar "in a short time" is nothing more than an inflation creator.

    Just a heads up I thought was interesting. I cant get this channel but anyone who can please chime in tomorrow on the low down of the report.

    1. It will probably available on their site post airing for others to watch and most likely on youtube also. Thats how I'm gonna catch it hopefully.

  12. You are going to hear more and more about this "float" crap. People are wising up to the rv bull and what's the next big thing to keep their hopes up? Who has been talking this float theory for a while now? Mhmmm this is why I have been on Kap like stink on crap trying to keep him from getting traction. People don't realize the same problems exist with the ridiculous float theory as does with the rv theory. Mainly, MONEY SUPPLY!!! He has alot of people convinced "deleting of zeros" means bringing in the large notes. Which fits just right in his float theory and people are believing it because they finally know an rv isn't going to happen, but hey, here we have a guy telling us sorta good news. At least we can still be rich at some point with his theory is the thought process.

    1. I'm convinced that "deleting of zeros" will bring in the large notes just not into Iraq nor CBI. At least not outside the borders. It will bring them into the infamous dinar dealers who will by then be offering pennies on the dollar, IF, they are even taking them in at all. Look at Sterling Currency who now offers only $820 per million which is $40 less than they were a few weeks ago and about $100 less than 1yr ago. I know Sterling's Frank Bell frequents this site because he's commented here before to someone in an angry way. LOL...

    2. The dealers wont even buy it back from you if they RD.....send a few emails to different dealers asking them specifically if they redenominate, will they buy them back from you. Dont be surprised when they dance around your question lol

  13. Yea I pointed out Kahlid's as suspicious a while back. Just to many factual errors. I think his ploy is pumper plan-B. If folks start to understand that an RV is not possible, the fall back is to claim the worst that can happen is a 3x return. That of course is not going to happen either. Iraq can not float their currency as that would require a large external market for it and that does not and will not exist. As long as the CBI is providing the market, largely for internal exchanges for imports and oil revenues, then it will remained pegged.

    1. Yep. Kap and Kahlid are both full of it when talking about Iraq floating. There was talk that if a GCC currency was to come about that it would even be pegged for years and they would hope to float it at some point in the future.

    2. That GCC bullcrap was even being pumped by Joey and Vic with "The GateKreepers" where they claim that the currency would be $4. LMFAO!!! They claim to be very conservative with the RV but are no doubt pumpers also for Sterling Currency Group and Dinar Inc. They are scum also which is why KJ left them also after she realized she was being used by Bonnie (Joey) and Clyde (Vic).

    3. Float the dinar? LOL! No chance! If they tried it, it would be disastrous. It would fall like a rock. The spread between the street rate and official rate tells you that. The only reason the spread isn't worse is because the CBI props up the market every day at the auctions. If the CBI stopped being the market for buying dinar (by allowing it to float), it would plummet in value. Who uses dinar outside Iraq? Who needs dinar outside Iraq? No one! Only Iraqis use dinar. And, as a medium of exchange, they prefer dollars. They don't trust the dinar. Who can blame them? The country is violent. The gov't is corrupt. The economy is driven by a single export that is traded in dollars!

      There isn't a single exotic currency that floats in the forex market. Not one. And there's a reason. There is no market for them. That's why they're considered "exotic". The dinar is no different. And that won't change for decades. Floating the dinar is as absurd and ridiculous as revaluing the dinar. It is a mathematical impossibility. Anybody that is pumping or insisting a float of the dinar is coming, is an absolute fraud.

  14. and here we have more poopy BS.....of course its the complete opposite of reality!



    1. Man is a clasic self appointed preacher of low brains from deep south. Dinar Daddy need such a characters for a promotion of his enterprise. :)

  15. DV is still down! "Adam" has been sending the members E-Mails claiming the site was a victim of malicious attacks from outsiders and that "hundreds of other sites" had also been taken down???? Anyone heard of "hundreds" of other sites being down? It sounds like just maybe there might be something to what was suggested to me about "Adam" doing some post shut-down damage control, I sure hope that's the case. Regardless whether they come back on-line or not a lot of the sheeple will be panicked and will be scrambling to find out what has happened which could mean they, or at least some of them, will finally be exposed to the real truth by coming to sites such as this one in their search for answers.

    I very well may be wrong about the post shut-down damage control but it makes a lot of sense, if "Montana" just shutdown the site and disappeared without an explanation of any kind the uproar could be massive. Keeping the sheep pacified by feeding them bull$#!% for as long as he can (he has been keeping them fat on bull$#!% from the very beginning anyway!) will give the anger and confusion time to subside and reduce the backlash, it may also be to give him time to "get the hell out of Dodge"!

    1. I hope you're right but I wouldn't get too excited. I've often wondered what the exit plan for these clowns would be once the dinar was exposed as a fraud. But I think simply abandoning or closing a website is too obvious, especially for Montana. I wouldn't be suprised if Montana is cleaning up the site. Perhaps he's scrubbing past references or prognostications about an RV so when it reappears he looks much more moderate and cautious about an RV. More than likely, I think Montana and others may try to go the route of TD and simply declare that "new information" has led them to believe the dinar is not going to massively revalue. They'll claim they were duped just like everyone else. To prove fraud is to prove conscious deception. One would have to prove that the liar KNEW he was lying and wasn't simply perpetuating a lie that he himself believed.

      While I don't believe the site shutdown is an attempt to escape culpability in the perpetuation of this scam, I, nevertheless, think it will be fascinating watching the clowns hatch their exit plans when this fraud is eventually exposed.

    2. Adam can try and "scrub" his website all he wants but it won't do anything. Many people have his lies saved. I just read in BI that someone claims responsibility for the DV shutdown. Lol. Meanwhile, Andy is crying and calling him a scumbag.

    3. Andy is claiming that one of our regs is responsible, but I can vouch for Slingshot that he sent me an email a few days ago asking if DV is down. He never claimed that he was responsible for the attack, if it even was an attack. Chuckles is an MCSE and he thinks it was an admin screwup. Andy is just being himself.

    4. I have searched in vain over at BI for that discussion, what's it under? I saw a couple of posts discussing the shutdown but I can't find the one accusing anyone for causing it.

    5. This was what slingshot said on BI today that got Andy riled up:

      After having some fun with DV during the previous few days, I will make you my passion project. As stated above, I am highly doubtful that you are simply a random Dinar apologist and I passionately dislike pumpers like yourself.

  16. The Reeder - If you've ever thought about updating your blog I'd say that now is a pretty good time. You're apparently getting lots of traffic and some of it is coming my way as a result.

    1. Sam I'm curious as to whether you have seen a notable up-tick in traffic since the (hopeful) demise of DV? With all the info exposing just who and what the scammers really are DDB is without a doubt the most valuable resource available to fight this scam and it would be wonderful indeed if the DV sheep are wandering over here looking for answers!

    2. Thanks for the kind words, dwm. Actually my numbers were off a bit last week. I even had a day where I got less than 1,000 hits. I was averaging over 1,500 a day back in December and January but it dropped in February and a bit more in March. With the DV site going down the numbers have picked up a bit but they're still off from a couple of months ago. Hopefully the uptick is due to curious DV member wandering over looking for information. This downtime for Wolfyman can only help my blog.

  17. I was hoping they would be coming over in droves but then again are there "droves" of them left to come over? Since it has been mentioned that DV's visitor numbers were down lately I had been checking regularly and for the last few weeks the registered members visiting at any given time seemed to range from a high in the very low 50's to as low as 28 and that was during what should have been a normally active time of day for them! The non-registered visitors ran about 200+/- during these times and that sure seems low to me but then I don't know what the numbers were a few months ago. "Montana" was very obviously making a desperate attempt to prop up the site because there was a noticeable change in tolerance in allowing "negative" talk and some of the more outspoken members were banned for saying things in the "tank" that they could probably have gotten away with until recently. That coupled with some normally faithful followers in the regular forums now openly questioning not only the scam itself but "Montana's" integrity shows a profound change in attitude of some, but certainly not all, members, I think it was reaching the point where he was forced to do something. No matter, thanks to DDB a lot of people now know just who this douchebag really is, as the old saying goes the cat is out of the bag and there's nothing he can do to hide the truth any longer from most people and the longer the site is down the more damage (or good depending on the point of view!) he will incur. As much as I would like to see the site stay down I think it will most likely be back fairly soon but it's quite likely their days are numbered regardless whether the site returns or not, it's going to be interesting to watch!

  18. Follow up to news story. This scam is close to ending.

    In fact, false claims about the dinar or its potential to rise in value have prompted several states – including Utah and Washington – to issue warnings about the currency.
    In a 2011 alert, Utah’s Department of Commerce warned:
    “This scam comes in three parts: the hyped returns that play on an investorʹs greed, the deceptive practices of Iraqi Dinar dealers, and the fundamental misunderstanding of international finance.”
    “Websites selling dinars also exaggerate or misrepresent history as proof that such profits are possible, but history teaches a vastly different lesson.”

    The Alabama Securities Commission has also been tracking increased interest in dinar investment and in response to WHNT News 19′s investigation, is issuing a statewide “investor alert.” You can click here to read an advance copy of that full alert. Here’s an excerpt regarding the dinar:
    “The Iraqi dinar “investment opportunity” is a scam that has existed for more than a decade and has regained some of its former popularity. As with many foreign exchange currency trading frauds, the dinar investment opportunity is often pitched as a “can’t miss” method by which the interested investor can profit from a severely undervalued Iraqi currency that is “certain” to appreciate in value in just a short time.”
    “Fraudsters engaging in the dinar scam promise that extravagant profits can be realized if the investor buys the dinar at today’s values, typically 1,000 or more dinars to one U.S. dollar. The investor then exchanges the dinars for dollars at a later date, once the dinar exchange rate has improved.”

    State regulators aren’t the only ones who warn against buying dinar for profit. The Better Business Bureau just listed Iraqi dinar investment as one of its “Top 10 Scams of 2013″ and notes scammers may use “real current events and news stories to make pitches more appealing.”
    “The marketers of this plan are doing a great job,” North Alabama BBB President Michele Mason explained, “They’re putting so much out there that you’re gonna find that that may overwhelm the negative that you may really need to see.”

  19. here is a comment i saw on the Alabama TV station website that is now taking notice of the dinar scam.......this is absolutely the most ridiculous thing i have heard yet in all of dinar-ville!!

    Jack commented on Tonight at 10: Is Iraqi Dinar Investment a Scam?.

    in response to Michelle Stark:

    [ooyala code="diamQ0bDq4Rudn_q_t6LI2Z6J2ZpFOlM" player_id="725383065a3c4c6a8e6c9b813bd1b5df"] (WHNT) – It sounds so easy. Invest in Iraq’s currency – called the dinar – and you could become fabulously wealthy. Tennessee Valley residents, along with many more across the country, are buying in. So, is it a smart move? Or a scam? WHNT News 19 is Taking Action to find out. Tim Jones, an Albertville […]

    This investment was meant for Christians! If you feel it is a complete scam, fine. Thank you for your opinion! Now go away! This investment was not designed for you!

    1. So I guess that poster admitted that Christians are suckers who lack knowledge and logic.

  20. Please don't judge all Christians by the ones you find so gullible as to have fallen for this and so lacking intelligence as to defend this scam.

    1. Steveasite,,, Just to be clear that wasn't J. Santorelli making the comment about Christians rather the knucklehead on WHNT.

  21. Well DV is STILL down! If this was purely a technical issue shouldn't it have been dealt with by now? I bet Easy Rider and LGD have had to be sedated, Lol!

    Stevesite, thank you I was wanting to say the same thing.

    1. I agree. It's very intriguing. I'm no tech expert but I've never known a website to be down for more than a few hours as a result of an attack. And, let's face it, DV is a relatively obscure website that wouldn't be a political or symbolic target of the most sophisticated hackers. I believe the site will be back up at some point but it is interesting to speculate on the reasons for the extended downtime.

    2. The length of time it's been down and "Montana's" E-Mail explanation that contained, IMO, the blatant lie that the attack had taken down hundreds of other sites, wouldn't an attack of that magnitude have been noticeable and maybe even have been news worthy in the media? I'm not sure what he's up to but "Adam" has got to be up to no good otherwise the lame excuse in the highly suspect E-Mail would probably have not gone out, if they do come back on-line I suspect it will be a new and improved version (for the BS crowd) of DV that will be designed to suppress the truth even further.

      Or it could be that "Adam" has just decided this scam has about run it's course and decided that it's time to cut his loses and get his @$$ out of Dodge!

    3. Adam has had to resort to flipping hamburgers, cleaning the bank parking lot debris of due to impatient rabbid dinar investors, fueling other gurus' planes, cleaning toilets at ski resorts, etc... all because he is unable to sustain his lifestyle with $750/ mo. due to low enrollment at his site. LMAO!!!

    4. DV's numbers apparently were quite low, at least it sure seemed that way to me during the fairly short time I kept track of it. I don't know what it costs to maintain a website such as DV but with dues from VIP suc,,,,,err members drying up and dwindling member/visitor numbers resulting in declining ad revenue it may be that his Royal Highness has decided he has milked this scam for all it's worth and is in the process of moving on to something more profitable!

      Just speculation but could his exit strategy be to convince his flock that he is the victim and was forced to shut down due to ongoing malicious attacks possibly sponsored by the Government or maybe even Iraq itself? Whatever he claims (if he's even heard from again as "Adam Montana") it sure looks as if he is setting himself up to be the victim.

    5. No idea what's going on with DV, but if it really is a DDoS attach, it won't go on forever. The thing that is suspect about "100s of sites" is that the vast majority of these are hosted (particularly the blogs) and a DDoS attach would clearly be seen by the hosting service(s). That does seem likely to have been noticed. Such attacks across the US are running about 100Gbps of total used bandwidth (check out this cool google tool ) which does not seem unusual, but hard to say.

      On the other hand if one wanted to walk away from a scam website, would it be better to just disappear, or to send out a few last desperate cries of trying to continue to spread the truth but being shut down by larger forces? The best scam is one where the victims never actually realize they were scammed. So leaving the faithful with a little Kooalid for the road that you didn't just disappear but were silenced by the PTB, might make sense from a scamalogical point of view (or was that scatalogical...)

    6. "Just speculation but could his exit strategy be to convince his flock that he is the victim and was forced to shut down due to ongoing malicious attacks possibly sponsored by the Government or maybe even Iraq itself?"

      He'd certainly have to prove it much like the evasive RV. ;-)

      Naturally the koolaid drinkers will believe anything he spouts.

    7. "No idea what's going on with DV, but if it really is a DDoS attach, it won't go on forever."

      If it's a Dinar RV DDoS attack it could quite easily go on for 10+ yrs. LOL!!

      As far as being used as an exit strategy to claim involuntary shutdown may agitate some of the Koolaid drinkers while others may actually begin to worry if the PTB are in full control of the dinar exchange thereby foiling any opportunity of "cashing in" the notes they have. It could end up sending a reverse message and the scared sell their dinars rightfully so before the RD salvaging any money they can before they lose it all.

      So it definitely will be interesting to see what happens with DV and other similar sites.

  22. Alabama Securities Commission Issues “Investor Alert” Addressing Bitcoin, Iraqi Dinar

  23. Interesting point I just discovered on Dinar Inc. website. The curious cat I am about dinar dealers sell back price I went to dinar inc where you have to create an ID with all pertinent contact information. Well this is a first for me on these dinar sites but I'm wondering why they need to know your date of birth AND you annual income? Is it pretty clear they are trying to conjure up a list of Senior citizens to scam post RD? They are in Florida which is one of the havens for scammers. You know the same dinar dealers that The Gatekreepers pump for in addition to Sterling Currency group.

  24. Many sites collect as much info on you as they can just to sell to data providers even if they are not using it at all on their own site. Every little scrap of info (birth date, income, etc) that linked to an email for you can be correlated with all the other little bits of info to build up a sizable profile on you which is then sold to marketers. Its a huge business.

    1. Yup you are absolutely correct. I was trying to hint some sarcasm there because we know the dinar guru/dealer community is flooded with network marketers trying to gain whatever info they can to scam people later if they can. If not they absolutely sell the information. This is the mega-data age.


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