Sunday, March 23, 2014

What if.... ?


One of the biggest hurdles to overcome in the dinar investment is the fear of missing out if there really is a historic revaluation of the IQD.  Nobody wants to look back someday and say "I should have bought some" or "I never should have sold".  "What if they really do revalue back to a dollar, two dollars, three dollars .... ?  Can you imagine how upset you'd be if you passed up a once-in-a-lifetime opportunity like that?"

Sound familiar?  I'll admit that I struggled with the "what if" question myself.  In fact the reason I held on to a small amount of dinar for the first year or so of this blog is I still considered it possible that they could RV to $.001 or $.002 prior to redenominating so I could still double or triple my money.  It has been a slow and painful process for me to grasp the fact that there's no money to be made here, and plenty to be lost in the worst case scenario.  The key to freedom from "what if?" is education.  The more I have learned the more confidence I have develeoped in my decision to sell.

If you'll study revaluations you'll discover that they're typically small adjustments of a few %.  In fact the largest revaluation in history was about 35%.  No currency has ever revalued at 10,000-300,000% like the gurus are talking about.  When you point out these facts some people will say "sure, there's never been a revaluation this big, but there's a first time for everything right?"  Well no, there's not.  There's not a first time for the sun to rise in the west.  It always rises in the east.  The key to understanding that is through learning how the solar system works.  Once you do nobody will ever be able to convince you that the sun could rise in the west, no matter how good their sources for that intel are.  The same is true with currency revaluation.

The first thing you need to realize about the dinar is that it is classified as a pegged currency.  Now as John Jagerson has pointed out, the only truly pegged currency in the world is the euro.  The pegged currencies of the oil based economies of the Arab world are "de facto" pegs.  In other words they are so tightly managed that they might as well be pegged, but in reality they are managed or "dirty" floats.  The way they maintain stability with their exchange rates is through manipulation of the money supply.  I wrote about this last year in a post called Dirty Float.

Sometimes you'll hear people in the "Go RV" crowd talking about how Iraq can set the dinar's value anywhere they want.  "After all", they reason, "what's backing the US dollar?  If the US doesn't have to back their currency why does Iraq?"  The difference is this ... the US dollar is a free floating currency.  The market determines the value.  It's traded internationally and is used as a reserve currency.  The US is considered a very stable country, maintaining the same form of government for well over two centuries now.  Its economy is diverse.  Its military is strong.  Its infrastructure is well developed.  Its people are comparitively well educated.  These factors generate confidence in the dollar, despite the US debt and sluggish economy.  For all of the talk out there about how the dollar is going to crash, the fact is other currencies are losing ground against the dollar. 

Take a look at the Japanese yen's valuation over the past two years.  It's down over 25%.




Or consider the euro.  It gained a lot of ground vs. the USD prior to the 2008 financial crisis, hitting a high of nearly $1.60.  Today, with the economic problems of the European Union it has fallen to around $1.35.





And finally we'll look at Great Britain's pound.  It also lost ground after 2008.




These currency charts show no looming collapse of the dollar.  Conspiracy theorists like to talk about the dollar's demise but in reality other nations like Japan and China don't want to see the dollar collapse because they need US consumers to buy their products.  The dollar will much more likely decline slowly over the years rather than collapse suddenly overnight.

Now, getting back to the dinar, there is no such confidence in Iraq's currency.  Their government has only been in existence for ten years.  Their people aren't as educated, their infrastructure isn't as developed, their military isn't as strong, and their economy isn't diverse (it's 90% oil).  In addition they have the constant exposure to terrorist activitiy and sectarian violence.  With such an unstable environment there's no way that a country like Iraq could have a free floating currency, so they back their currency with foreign currency reserves like the other oil based economies of that region. 

Since their reserves total approximately $80 billion, and their M2 money supply is shown at about 85 trillion dinar, the math doesn't show any millionaire creating revaluation on the horizon.  $80b divided by 85 trillion = approximately $.00094 which is slightly higher than the dinar's current valuation of $.00086.

When you point these things out to some of the overnight millionaire crowd, they'll start talking about the fact that the world is going back to asset-backed currencies and that a global currency reset is coming, which will allow for Iraq to revalue the dinar to where the old Saddam dinar was thirty years ago.  They have to say that the rules are changing you see, because the current rules will keep the value of the IQD about where it is now and the pumpers know that.  So in effect dinar speculators are gambling on the fact that this mythical and quite impossible reset will allow Iraq to revalue their currency hundreds of times more than the largest revaluation in history.  It's kind of like saying that somebody is going to change the laws of the universe which will result in the sun rising in the west.  Would you risk thousands of dollars on that? 

This could very well be a moot point anyway, considering that the CBI has announced their intent to redenominate.  This is very common with currencies that have depreciated due to hyperinflation as is the case with the dinar.  That would leave the IQD with no value at all when the exchange window expires.   (For further insight check out my post "RD 101".)  But even if they don't redenominate, the reality of the de facto peg exchange regime and the financial figures allows for no history making revaluation.

If you understand how the solar system works, you understand why the sun always rises in the east.  And if you understand how Iraq's currency's value is determined, you understand why no big RV is forthcoming.  "What if" is now eliminated.






35 comments:

  1. Great post and great analogy sam. It's frustrating reading people like easyrider who think they know what they're talking about and base their life around conspiracy. They constantly mislead others with their stupidity. Easy is always going on and on and the "global reset" and how the dollar will collapse. If the dollar falls then what does he think the others will do? It shows the level of intelligence on DV if members are looking up to easy as a source of information. I wonder what the average IQ is over there.

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  2. When you omit the few intelligent ones like Keep the IQ level becomes almost non-existent! An example is this bit of "wisdom" in the new discussion about Iraq buying 36 tons of gold, one of these financial geniuses in response to that bit of "good" news reasons that with this 36 tons plus the 27 1/2 tons they already have they now have enough to "RV" to 5 cents! These idiots seem to think that if Iraq buys a billion dollars worth of gold that their reserves backing the dinar increases by that same billion dollars! Of course they simply are exchanging dollars (and maybe other foreign currency) in their reserves for gold bullion and the actual reserves remain exactly the same unless gold goes up in value (or maybe falls in value!), don't these idiots realize the Iraqis have to PAY for that gold if they buy it?

    It's all really totally off base anyway since even if they had of somehow added 36 tons of gold without paying for it there is no way that would increase the reserves anywhere near enough to support a .05 "RV", not that Iraq would do something that dumb even if they could!

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  3. Someone needs to look into Roger Dorman (Dinar Daddy). From the time him and his wife took over Treasury Vault he clammed up and didn’t make a post for years. Lately he’s back to pumping and acting like he’s getting info from his sources. Something is up. Either he and his wife have divorced, she got Treasury Vault and he got Dinar Daddy, or they sold Treasury Vault to someone else. I always thought it was strange that he got away with having all the pumper rumors on his site while selling dinar, but he was never making the claim himself. Now he’s pumping lies and selling dinar. That I know is illegal.
    Anyone have any info on what he’s up to? Anyone report his latest activity to the SEC?

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    1. Dinar Daddy aka Roger Doorman is a " Funny page ". Roger like pretend to be serious financial news source :).

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    2. A few weeks ago, I stumbled across this blog and started reading about redenomination with in-country exchange only. As a result, I sold my dinar to Treasury Vault. Roger Dorman signed one of the checks I received.

      Also, on 3/19 or 3/20, he wrote in his post that if folks were concerned about the dinar they could sell it back, because there are “guys” who would buy it and then sell it to someone else. That comment has since been removed from the post. (At least, I haven’t been able to find it.)

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    3. Thanks for the info. If Roger is signing checks from Treasury Vault then we know he’s still involved there. It also seems he’s not even trying to draw a line between himself and his wife who the business is registered under. So he’s openly pumping dinar as Dinar Daddy and then buying and selling as Treasury Vault. That’s a criminal.
      If I remember correctly Roger was supplying dinar to Rudy and his buddies who got indicted a year or so ago. He supposedly was investigated at that time and cleared. I have to believe the investigators were not aware of his Dinar Daddy website.

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    4. He's just as deceptive as the rest of them. It's incredibly ironic that sites like theiraqidinar.com claim to be a hub for "all things dinar" yet the only information you can find on the site pumps or hypes the dinar. Those ridiculous rumors, posts and chats and now his own "secret sources". There isn't a single link or post on his site that suggests the dinar RV is a fabricated scam. You used to be able to read opposing opinions when viewers could post comments on his site but he turned off that ability a while ago. It was bad for business, without a doubt. He's just a dinar pimp. If the heat ever comes down on him, he'll just claim he was suckered like everyone else.

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  4. Your analogy of the sun rising in the west is spot on Sam. It is bizarre. So many of these people believe there is something magical or mystical about the dinar that, as long as there is a super secret source telling them an RV is going to happen, they believe it. Two plus two will always and forever equal four but these people are so clouded by greed that if someone told them two plus two was about to equal five, they would believe it. As I've said before, if LeGard, Maliki and Turkii held a joint press conference and explicitly and unequivocally announced that the dinar was going to revalue, IT STILL WOULDN'T BE TRUE! It is mathematically impossible! There is nothing anyone can do to change it. Humans can't make the sun rise in the west and they can't make two plus two equal five. But greed is an incredibly powerful emotion that can turn the rational, irrational.

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  5. The old Saddam dinar $3.xx exchange rate was simply the "pegged" exchange rate by Saddam edict, it was meaningless outside Iraq, they sold oil (their only real export) in US dollars at prevailing international prices, nobody outside Iraq cared about their ridiculous internal "pegged" exchange rate.

    From Wikipedia: "Due to sanctions placed on Iraq by the United States and the international community and excessive government printing of the new (Saddam) notes, the dinar devalued quickly, and in late 1995, US$1 was valued at 3,000 dinars."

    So the old Saddam "pegged" exchange rate was meaningless after excessive dinar printing in the 90s, doing what excessive printing always does, debasing the currency down to .00033 USD.

    The new dinar currency replacing the old Saddam dinar came in at roughly the same defacto (non-Forex) exchange rate $.00033, and with 80 trillion dinar in circulation now there is no possibility of it rising to even $.01, and "dinarian" speculation of returning to the meaningless $3.xx Saddam-edict exchange rate is pure laughable fantasy.

    "Global currency reset" setting currency values based on national resources? Pure laughable fantasy violating every single monetary principle.

    "God" will do it to "bring fairness to the nations" and "bless his followers"? Pure laughable fantasy, no biblical support for it anywhere from Genesis to Revelation.

    Some fantasy Chinese trillionaire wants to give $32 for dinars? Or $20? Or $10? Or $5? WHY, when this fantasy trillionaire can buy 'em on EBAY and lots of other places for $.00086?

    And do you not think if there was ANY "RV" on the horizon of ANY amount, Wall Street banks, hedge funds, etc wouldn't be vacuuming up every dinar in existence? You "dinarians" are gonna outsmart and frontrun Wall Street banks, hedge funds, and lots of other insiders who know way more about currencies and geopolitics than you do?

    Read my lips you delusional "dinarians", there will be NO fantasy 300,000% "RV" of the current dinar at ANY TIME, not even 100%.

    There might be a 1000 to 1 RE-DENOMINATION (removing 3 zeros), but it will be exchanging 1,000 current dinars for 1 unit of a NEW CURRENCY having a defacto (non-Forex) $.86 initial exchange rate, meaning NO increase in wealth, as has happened several times before with other nations' currencies.

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  6. Another good article Sam, keep 'em coming ;-)

    - "After all", they reason, "what's backing the US dollar? If the US doesn't have to back their currency why does Iraq?" The difference is this ... the US dollar is a free floating currency. The market determines the value.

    Indeed. And the USD is essentially "backed" by the US economy. With an M2 money supply of $11tn and a GDP of $16tn, it adds up quite well. Iraq on the other hand has a GDP of just over $200bn. And the "Go RV!" crowd are fantasising about Iraq's $200bn GDP somehow "backing" a completely stupid money supply figure of over $300,000bn ($3.5 rate), LOL. So a country is supposed to be "restoring its value" - by printing 1,500x more money than the size of its economy (and 4x more than the size of the whole planet)? I don't think so... One giant delusion based on nothing more than confused nostalgia and chronic ignorance of Iraq's +300% decade of inflation.

    - "For all of the talk out there about how the dollar is going to crash, the fact is other currencies are losing ground against the dollar."

    And most of that talk is usually "fiat currencies are going crash against gold" (usually by the same paranoid gold bugs predicting $5,000 gold prices every month since 1999). Even if that DID happen, it simply means "the Dinar is going to crash vs gold just as fast as the USD and will therefore not appreciate vs the USD" because the Dinar is pegged to the USD, 95% backed by USD's and is just as much a "fiat" currency as anyone else's. Truly amazing how many deluded people still think it's 1969 - but only for Iraq...

    There's really nothing funnier than watching a group of "The End Is Nigh!" Doomsday-addicts predict a collapse of paper fiat currency and try and "hedge" against that by buying - wait for it... - 1,000x more worthless paper fiat currency pegged to the same currency they predict will collapse! If all these people were buying gold bullion instead of Dinar, they may have an argument - but buying Dollar-pegged-Dinar as a hedge against a Dollar collapse is like being paralyzed with fear at the thought of getting into a 150mph out of control car tearing around a narrow cliff-top - yet "delighted" at the prospect of sitting in a caravan towed by same car which if the car fell off the cliff-top - would take the caravan with it...

    Meanwhile Iraq's money supply has risen again over the past quarter - from 85,122bn Dinar to 87,766bn Dinar (almost 88 trillion Dinar), further shattering the weekly guru lies that Iraq is "taking money out of circulation".

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  7. Facts, unfortunately, have little to do with anything dinar. My favorite Douchebags, Dan Atkinson and Gary osborne are still promoting the "it has to RV" theory based on the amount of oil under the sand, though the latest excuse for the sheeple continuing to wait is that the Russia/Ukraine standoff is now holding the RV up! I mean, this stuff is so funny you can't make it up! This of course all the while their sources are telling them it has to RV or the world economy is going to sink faster than the Titantic. Of course, that flies in the face of numbers telling us the world economy is actually growing this year.

    You really have to wonder how people can continue to follow those two. Six months ago it was the RV had to happen to rescue the economy in the fourth quarter...then when it didn't RV, it had to RV in the first part of the first quarter or else economic armageddon...didn't happen. The latest story of course is that it won't RV while Maliki is in office, though based on some recent news articles it appears Maliki isn't going anywhere and will be re-elected for yet another term...so their followers will no doubt hear another six months of excuses all the while shelling out $15 a month to line Dan's pockets. What a con artist!

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    1. The dinar will make millionaires of many people. That is a true statement. It just won't be the speculators.

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  8. A note about pegged and floating currencies. In any transaction, the deal closes if both parties are willing. When you offer (bid) to buy Acme Corp at $10/share that deal only goes through if someone is offering (asking) to sell the stock at that price. The same is true for currency. For currencies that are used world wide like the Dollar and Euro, trading happens all over the world and mostly does not involve the central bank that issued the currency. When a bank in France wants to buy dollars for Euros the foreign currency exchange might end up making that trade with a bank in Hong Kong or Spain but it is very unlikely that the seller will be one of the regional federal reserve banks. With millions of such deals going on every day, the prices that are bid or asked continuously vary and so they are said to "float". The central bank for the currencies involved can participate in this global market buying or selling its own currency, but that is a small impact on the global price simply due to it being a tiny percentage of the global trade (both for actual trade and currency speculation).

    Currencies for which there is little or no global interest (like the IQD) can not work this way. For them the central bank (or its down stream banks) are on one side or the other of almost all currency exchanges which also are occurring almost entirely inside the country in question since it isn't other global entities that are buying or selling but importers and exporters in that country. These are called pegged as the central bank "pegs" the rate to some other (floating) currency, or basket of currencies or (in theory) even the price of other things like oil. However the price is determined, it can not be higher than the reserves divided by the money supply since that is the limit the central bank can actually offer. It isn't the price published by the central bank that sets the rate, but the price they actually are offering. For Iraq, these exchanges are the government exchanging the Dollars it gets from oil exports for Dinars to spend in the budget, and banks buying Dollars with Dinars to sell to importers. Note that even here the CBI can not force its downstream banks to sell Dollars for the rate it would like (2% over its pegged price of 1166 or about 1189). The banks that buy Dollars at 1166 Dinars, turn around and sell them for more like 1280 Dinars as Dollars are in demand and importers will pay that mark up.

    Even if Iraq redenominates the Dinar, this situation will not change. The vast majority (nearly 100%) of Dinar / Dollar exchanges will still be inside Iraq from Oil and imports. Thus the Dinar (in its current or redenominated form) will remain pegged (as is the case for most if not all the mideast countries whose economy is dominated by oil). So the reserves / money supply limit will remain and no RV past that constraint is possible. The CBI could have a sort of internal float, by making their so called auctions into real auctions, but this would only bring the exchange rate down as banks buying Dollars bid more Dinars to get them. Having the rate drop is inflationary (as everything becomes more expensive in Dinars) which is very much not what the CBI wants.

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    1. Wow jrg what a fantastic explanation. When you look at the articles (great job Sam), and the comments that are posted on this blog I am amazed that people are still in this. But like most everyone says "Greed is a powerful thing"!

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  9. Cognitive dissonance. It’s very hard for any of us to hear things that aren’t consistent with what we already believe. It’s also hard to give up dreams for the future that the IQD would have made possible. And as Sam said at the beginning of this blog, “What if . . . ?”

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  10. "Cognitive dissonance. It’s very hard for any of us to hear things that aren’t consistent with what we already believe. It’s also hard to give up dreams for the future that the IQD would have made possible. And as Sam said at the beginning of this blog, “What if . . . ?”

    And that short two word question has suckered more people into this scam than all the other guru generated BS lines combined! THERE SIMPLY IS NO "WHAT IF" TO IT", IT'S IMPOSSIBLE!!!!!

    Why even ask "what it"? Asking "yeah, but what if it actually did happen?" is totally illogical since it's absolutely no different than than asking "what if I don't reply to the E-Mail from that Nigerian prince and he pays someone else to help him hide his money?", both the Nigerian prince and the Dinar "RV" are equally likely to be real, or rather both are just as much of a scam so why even ask "what if"? Would you even be tempted to reply to that Nigerian E-Mail scam? Would you ask yourself "what if I don't try to help that prince save his money?" So why even ask "what if" the Dinar "RV" actually happens when the likelihood of such a thing happening is as absurd as the Nigerian scam?

    Of course the usual argument is that these guys may be wrong about the "RV" happening but that's just as lame as asking "what if" about the so called "RV", they can't be wrong because it's not a matter of opinion or hypothesis it's VERIFIABLE FACT that the "RV" is simply impossible! As has already been pointed out two plus two is four, always has been and always will be, that's fact not an opinion that someone could be wrong about and math that would allow a Dinar "RV" would be no different than two plus two equaling five.

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  11. On DV I saw this comment, and I have taken the guy OFF of my watch list for the Nobel Prize in Economics..

    If you're worried about foreign currency exchange, you may think about going by a Travelex office (in most airports) and exchange a small amount of dinar to see what the process looks like. While there you can ask some dinar questions. You'll get answers from professionals and an idea of what folks inside the currency exchange market are thinking about Dinar Mania.

    Read more: http://dinarvets.com/forums/index.php?/topic/174656-question-when-we-exchange/page-3#ixzz2x3yh4BFo


    That's akin to asking the kid on drive thru at Burger King what real experts in global agriculture are thinking about beef pricing on Comex...

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    1. Well, we are talking about the same people that think the teller at their local bank has knowledge about the 100,000% RV that's about to happen.

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    2. Well that wasn't exactly the dumbest thing anyone said in that discussion, check out this little gem a couple of posts down from that one,

      "When cashing in there will be a rate that the CBI determines and it can fluctuate daily, but the rate will be the rate, no lower rates/higher rate. What ya want to get in on is the spread advantage that mass quantities make available. Adam's goin' to send information on location as soon as the RV/RI is established.. I'm goin' to cash-in at the closest exchange location Adam suggest to make it to Belize. This's the advantage of the VIP membership, Adams has already done the foot work and has contacts that can be accessed once the dinar becomes tradable...As far as the locations Adam suggest, I'll drive to the location and personally watch my dinar verified..."

      I find it somewhat amusing that there can be that many people that are so incredibly dumb congregated in one place!

      These idiots really believe what "Adam" is telling them but I bet "Adam" busts a gut laughing at replies such as that, Lol!

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    3. I'm convinced that most of these "Adam says" posts are the work of Wolfy himself.

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    4. I was thinking that possibility also, especially with that plug for the VIP (Very Ignorant People) membership but honestly my cousin Lou that I have mentioned in the past believes passionately in everything "Adam" has to say and although he didn't write that reply he could have and I am sure he whole-heartedly agrees with it!

      After re-reading that I am going to have to back up here a bit, I think you're right and I fell for "Adam's" con myself! That post just yells out a VIP pitch and if "Adam" didn't write it one of his flunkies most likely did.

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    5. I wonder if any of these VIPs have had the urge to ask Adam for the names of the people and the banks he's negotiated with to get this top secret deal? Have they ever thought to ask? I mean, they've paid for a VIP membership, why do have to wait to find out this information (especially those that bought that silly "lifetime membership")? Why can't they find it out now? Why can't they start planning with these very knowledgeable and helpful bankers now? Are these bankers restricted from helping people unless Adam Montana introduces them? Why do they have to wait? How ridiculous is that? "I have a special deal that you can be part of but only if you pay me. And keep paying me. And keep paying me." Kevin Trudeau may have been a liar but at least you received a book when you sent him $30. You didn't have to keep paying to find out the weight loss "secret" they didn't want you to know about. It only cost you $30 to find out you were scammed. LOL! Of course, we know the answer. The real secret is that there is no special deal. There is no deal at all. There's no one and nothing to disclose. Secret contacts and deals is no different than secret sources and intelligence touted by the other clowns. Both are bogus. They're just hidden behind the veil of a "secret" that, of course, will never be told (because there's nothing to tell). But as long as people believe there really is a secret, Montana, Tony, Roger Dorman and the other clowns will keep their jobs. It's a shameful way to earn a living.

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  12. Exactly Networth. Montana takes money for services he knows he will never have to render because there is no such thing as the event that would lead to the services demand. Then he uses his site to pump those future (non) services by using lies and deception. If this isn't illegal then it should be. Its like selling tickets to ride on the intergalactic space ship that should be arriving "soon". As long as you can get enough suckers to believe the spaceship is real then you can continue to get paid. That is really all that these scum bags like Montana are doing with the dinar.

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  13. What if.... Major war start? Will "blessed" BS around?

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    1. Do you think there will be a war, hola?

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    2. Signs are here. What I think is irevalent. Just put my five cents in, I am not all over expert as dinar prophets are.

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  14. This was emailed to me today........and the accolades that followed were sickening

    8:52 PM [poppy3] ARE ALL OF YOU READY FOR A APRIL BLESSING ?????? I SUSPECT A RAINING DOWN OF BLESSINGS FROM ON HIGH. ???? THERE IS A LARGE CLOUD BUILDING UP JUST FULL AND ABOUT TO OVERFLOW AND POUR OUT ALL THAT IT HOLDS DIRECTLY ONTO YOU AND ME AND OUR FAMILIES. QUESTION TO LOOK AROUND AND ASK YOURSELF AM I PREPARED , DO I HAVE MY LIST MADE OF STEPS TO TAKE , PEOPLE TO CONTACT, PHONE NUMBERS TO CALL FOR PAYOFFS, AME OF PEOPLE IN CHARGE OF YOUR ACCOUNTS, DO YOU HAVE SOMEONE AT YOUR BANK THAT OU HAVE THEIR DIRECT PH LINE SO THEY CAN BE ALLERTED TO FUNDS BEING TRANSFERED TO YOUR ACCOUNT. DO YOU HAVE THE BANK WIRE TRANSFER ROUNTING NUMBER WRITTEN DOWN AND PLACED WHERE YOU CAN GO GET IT IMMEDIATELY WHEN YOU NEED IT, DO YOU HAVE YOUR MORTGAGE COMPANY CONTACT PERSON ?? HAVE YOU BEEN RESEARCHING FINANCIAL STRATEGIST IN YOUR AREA. DO YOU KNOW WHAT ACCOUNTANT AND ATTY YOU ARE GOING TO USE , DO YOU HAVE THEIR CONTACT INFORMATION READY ,DO YOU KNOW WHERE THEY FALL IN ORDER TO CONTACT THEM. THERE ARE MANY PLANS TO MAKE AND AT THIS TIME I RECCOMENT YOUR TIME BE SPENT WITH YOUR SPOUCE AND FAMILY PLANNING EVERY MOVE BEFORE RV DAY AND BEING OVERWHELMED AT THAT TIME AND THEN MAKING MISTAKES THAT COST YOU MUCH OR ALL OF THE BLESSING. POPPY3

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    1. Oh and the sheeple will get their let down on Monday I am guessing. Right after the weekend......as always.

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    2. I'd love to know the genesis of the ALL CAPS trend for Dinar-gurus. There seems to be a pretty high correlation.

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  15. Hey Sam, last night Dave Schmidt said on his radio broadcast that his conference in Dallas Sun the 23rd he told his audience to buy their dinar and dong from Silvergreets.com and the owner gave them 50 dinar and 10,000 dong I thought that was illegal to promote a certain dealer

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    1. That email address doesn't work on my iPad.

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    2. Dave Schmidt? Is this the same guy?

      "In the largest questionable expenditure by Schmidt, PDC investigators, in a report issued last week, allege he improperly reimbursed himself $32,260 in unspent donations for wages he claims to have lost serving in the Senate from 2003-06."
      http://heraldnet.com/article/20111207/NEWS01/712079892

      Why does every new Dinar guru turn out to be a thief / embezzler?...

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    3. YEA I JUST DID A RANT ABOUT HIM ON MR.IQD LOL

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    4. The dinar is a scam so why does it surprise you that every nee guru is a thief?

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  16. Yes Simpson, it's the same guy/crook/liar/thief

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