tag:blogger.com,1999:blog-5596379580203915255.post1784095966282079821..comments2023-05-16T02:24:23.898-07:00Comments on Dinar Douchebags: Let's Talk About IraqUnknownnoreply@blogger.comBlogger102125tag:blogger.com,1999:blog-5596379580203915255.post-10120010494986892013-12-26T08:53:48.884-08:002013-12-26T08:53:48.884-08:00jrg, have you looked at exhibit M in that lawsuit ...jrg, have you looked at exhibit M in that lawsuit showing $20 million per month from selling dinar? And look at exhibit A, B, C and D. Shows the importance of getting Google to rank you for the term "buy iraqi dinar".Ukon Reidloshttps://www.blogger.com/profile/09214765466183468049noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-62263085493202110292013-12-21T15:26:12.043-08:002013-12-21T15:26:12.043-08:00I see it's been pretty quiet here so I'm g...I see it's been pretty quiet here so I'm guessing the crickets are the only ones coming to dispute or troll from DV or any other pro-RV forums. Perhaps they are unadmittedly beginning to realize the truth that the "get rich RV" scam is merely fantasy or they have run out of trolling tactics with their limited thinking. The other possibility is they are out xmas shopping spending all of their current financial resources as the New Year is going to reign in much wealth on January 1, 2014. Much like the Mayan prophecy followers did last year. ;-) LOL!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-85718659065238824362013-12-21T03:17:35.049-08:002013-12-21T03:17:35.049-08:00As soon as somebody tries to use that "nobody...As soon as somebody tries to use that "nobody knows" line it becomes all too obvious they are clueless and their whole argument goes out the window. The notion that valid and logical arguments against this scam are negated by "nobody knows how this will come out" is ridiculous, just because we cannot know what Iraq WILL eventually do in no way means we cannot know what Iraq CAN and CAN NOT do! Iraq has many options open to them but significantly increasing the value of the Dinar without a re-denomination (LOP) first is simply not one of them, we do KNOW that! While we don't know if Iraq will re-denominate or not or when they will if they do we do KNOW for a fact they cannot "RV" 84 trillion Dinar into more money than exists on planet Earth. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-84805652138962272592013-12-21T03:00:58.459-08:002013-12-21T03:00:58.459-08:00I think we've reached the stage where he simpl...I think we've reached the stage where he simply doesn't want to know no matter what, and is best left to live in his own "special happy place". He's one of those people who suffers almost continual cognitive dissonance from holding the contradictory mental stance of wanting to argue it in public far and wide, yet still be 'protected' from the "bullying" of other people simply posting facts or pointing out the obvious fallacies. Such people often have complete "meltdowns" when they take it out of their "closed environment" and end up faced with an overwhelming torrent of fact, (as was seen here) where the logical part of their mind says <i>"They're right"</i> but the ego part says <i>"NOOO!!!! It can't be true. How DARE you intrude on my fantasy!"</i>.<br /><br />Usually they end up more trying to convince themselves than anything. You see the same thing on many RV forums whose group behavior has virtually turned into a cult where people tell the most absurd lies, even knowing in advance they're lies, purely to keep the 'hive mindset' and 'warm fuzzy feeling' going. <a href="http://dinardouchebags.blogspot.co.uk/2013/11/baghdad-invest.html" rel="nofollow">The "Baghdad Invest" incident</a> summed it up best where people were falling over each other to "confirm" that their "20 high level contacts confirmed it". And the whole thing was a deliberate hoax - ironically designed to show just how chronically dishonest not just pumpers, but many, even most amateur "regulars" on RV forums are.Anonymoushttps://www.blogger.com/profile/15842645511869654320noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-37309814236015869652013-12-21T02:07:32.804-08:002013-12-21T02:07:32.804-08:00Alejandro Torres - "The US couldn't even ...<b>Alejandro Torres -</b> <i>"The US couldn't even get the budget straight."</i><br /><br />And neither can Iraq:-<br /><br /><b>2013 Iraqi Govt Budget:-</b><br />$138.4bn expenditure<br />$119.3bn revenue<br /><b>$19.1bn Budget Deficit</b><br /><a href="http://www.iraq-businessnews.com/wp-content/uploads/2013/01/UNAMI-primer-on-Iraq-Budget-2013.pdf" rel="nofollow">http://www.iraq-businessnews.com/wp-content/uploads/2013/01/UNAMI-primer-on-Iraq-Budget-2013.pdf</a><br /><br />And "Debt" does not make a currency strong or weak. Look at Greece & the Euro. Learn how currencies actually work.Anonymoushttps://www.blogger.com/profile/15842645511869654320noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-39508327748987040222013-12-21T01:57:44.183-08:002013-12-21T01:57:44.183-08:00Alejandro Torres - "I also enjoy hearing trut...<b>Alejandro Torres -</b> <i>"I also enjoy hearing truth from all these so called economist"</i><br /><br />Debunking the Dinar doesn't require anyone to be an "economist" - just be capable of doing basic junior grade maths, not throw away all common sense, not follow Guru cult-leaders and not ignore everything everyone in Iraq is telling you about the redenomination, LOL...<br /><br /><b>Alejandro Torres -</b> <i>"I do know that Iraq will be a internatioal currency"</i><br /><br />Same as everyone else's then... Banks have zero legal obligation to exchange or trade 3rd world currencies if there's no real demand. Go into any bank today, and half of the worlds "international currencies" aren't even listed including a number of Eastern European, Mid-East, Asian & South American ones. Try buying Libyan Dinar in Wells Fargo, or Somali Shillings from BoA, etc.<br /><br /><b>Alejandro Torres -</b> <i>"Now nobody knows the outcome"</i><br /><br />This is a long worn out pumper slogan repeated to the point of mediocrity that only RVaholics cling to. It's basically an appeal to ignorance. In reality, the outcome of a 3-zero redenomination (lop) is really not that hard to understand:-<br /><br />You will exchange your IQD at a rate of 1:1000 for new Dinar with a new currency code (possibly IQN). This essentially reduces Iraq's money supply from 84,000bn to 84bn, which has the effect of giving the new Dinar a 1,000x higher rate. You will basically, exchange each 25,000 Dinar note @ 1164:1 current rate for one new 25 Dinar note at new 1.164:1 rate. Both will still be worth about $21.50. As Iraq have repeatedly said. Smaller banknotes will be replaced with coins, ie, each 500 Dinar note will get changed for 0.50 redenominated Dinar (500 fils coin). They too will be worth exactly the same (both approx 43 cents). The value balances out (as it has to or the Dinar would become a junk currency worthless for trade if it suddenly made trading with Iraq 1,000x more expensive for non-Iraqi's). <br /><br />If you disagree, I can only suggest you contact the Central Bank of Iraq and tell them "they know nothing" because this is their exact words as Iraq have repeatedly stated over and over:-<br /><br />- <i>"The new 50 Dinar bill will have a value of $43 (50,000 current note Dinar)... <b>The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy"</b></i> - Central Bank of Iraq<br /><br />- <i>"<b>The exchange rate between the new banknotes and the old ones would be 1:1,000.</b>"</i> - Mahma Khalil, Member of the Iraqi Parliament and official spokesperson of the Economic Committee<br /><br /><a href="http://dinardouchebags.blogspot.com/2013/12/december-update.html?showComment=1386539082127#c153178662480628460" rel="nofollow">http://dinardouchebags.blogspot.com/2013/12/december-update.html?showComment=1386539082127#c153178662480628460</a><br /><br />etc, etc.<br /><br /><b>Alejandro Torres -</b> <i>"I've invested in commodities, real estate and done very very well"</i><br /><br />That's because they're all genuine tangible investments. It's good to hear you've been successful. The "RV" is a 100% fake made-up fantasy though. Iraq are redenominating / deleting 3 zeroes.<br /><br /><b>Alejandro Torres -</b> <i>"The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars."</i><br /><br />LOL! The Dinar is pegged to the $. If the $ collapses in value by 80%, so too will the Dinar collapse by same 80%... The only "hedge" against a $ collapse is physical possession of gold bullion or at least an unpegged major currency like the Euro or Swiss Franc, not someone else's 1,000x worth less paper fiat money pegged to the same currency.Anonymoushttps://www.blogger.com/profile/15842645511869654320noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-7797251597399211102013-12-21T01:18:32.790-08:002013-12-21T01:18:32.790-08:00Very true Rene. Iraq has around $80bn Forex & ...Very true Rene. Iraq has around $80bn Forex & Gold reserves to back 84,000bn Dinar. At a ludicrous rate of $32, they'd run out of money & go bankrupt before backing even 0.003% of Dinar in circulation. Even with a 3-zero "lop" first, they still wouldn't have enough to back $3 at that rate. As dwm009 said, it's such an absurd figure it's many times more money that the $ value of all countries currencies on Earth combined (and equal to about 34x planet Earth sized global economies), LOL!Anonymoushttps://www.blogger.com/profile/15842645511869654320noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-61507975329384991622013-12-20T22:04:52.377-08:002013-12-20T22:04:52.377-08:00The whole dinar forum belief of dollar collapsing ...The whole dinar forum belief of dollar collapsing is pumped by conspiracy theorist or precious metals dealers. While precious metals are up the whole "USD collapse coming" is just a relative term not quite well explained. At least I have not found any good reliable articles or financial white papers to date. In other words what is considered a "collapse"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-62819106782236717122013-12-20T21:54:09.153-08:002013-12-20T21:54:09.153-08:00Dude do you even know what currency oil is purchas...Dude do you even know what currency oil is purchased in? Of course not mr commodities / real estate investor. LOL. Be a man and admit you're trolling. PERIOD!!!!<br /><br />Btw, the answer to my question is USD. WOW WHAT A SECRET HUH!!! So in your dinar forum intellect you think the world will suddenly switch their reserve currency to one of .00086 to the USD? Really? Understand one thing this is not DV where folk drink the pee pee koolaid pumping each other as if on steroids just to wake up to a dinar hype hangover. Either you bring valid links to support your argument or just go back to DV and comfort DinarBeliever. I'm sure his backside is still sore from the severe spanking he received due to his nonsense. Why would clueless people subject themselves to self inflicted torture is beyond me but I am certain that is the mentality of desperate dinar speculators in this repeatedly failed investment. Guess this will be the first time you won't be "successful" at an investment!!! LOL<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-82343369601892543592013-12-20T21:35:15.034-08:002013-12-20T21:35:15.034-08:00"The one thing nobody here can argue is the U..."The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars."<br /><br />Alejandro - Based on that belief how can you defend or prove the USD will collapse and IQD will save you then? <br /><br />Just asking because your philosophy there does not jive when you say "I'v invested in commodities, real estate and done very very well. DV I'm an immigrant with no education, but managed to be successful with all my investment." I have to question your investment strategy when you put commodities, real estate and Dinar RV in the same investment mindset. This leads me to believe you don't understand currency investment as it is a different animal from stocks/bonds/commodities and even real estate. <br /><br />You also make what I detect as a snide remark "I also enjoy hearing truth from all these so called economist." since no one here has ever claimed to be an economist as far back as I can remember. If you've read the comments correctly you would simply realize that it is fundamental information from the same websites I HOPE you researched as a "successful" investor either prior or post investing in the IQD. <br /><br />I sure hope you're being sincere and not here to troll because I clearly recall you posting here a few days back in the last thread with vulgar language as did DinarBeliever during his first post just to return humble as you appear to this time. Provided you are not DinarBeliever posting under another ID. Then again that is common behavior of those who have wasted money on the sham investment which has not panned out but refuse to admit that they have been bamboozled. If that's the case don't feel bad as many here have been there done that. But like an addict the first step to recovery is admitting you've made a mistake. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-83347456765397816932013-12-20T20:59:09.552-08:002013-12-20T20:59:09.552-08:00Alejandro: Here on earth, no country can simply de...Alejandro: Here on earth, no country can simply declare their currency to be wroth more than the rest of the planet's money supply combined. Knowing that that is impossible is not about knowing what Iraqi politicians will decide, or whether or not the violence will get better or worse, or if the economy will grow or slump. Its simply knowing how currency works. A huge RV can not happen because of how currency is defined to work. So investing in such an event is not taking a risk, it is simply throwing your money away. The whole "nobody knows" line is just guru speak. You might as well be saying "no one knows if 2+2 equals 4 or equals 12,000).<br /><br />As for the dollar, it is not going to collapse. If it were to do so it would take 2/3's of the worlds central bank reserves that are in dollars down with it and that includes Iraq. Also wrt our debt we "only" owe about 11T to other parties (including the fed). About 1/3 of that 17T is owed to the social security, medicare, and veterans retirement trust funds. Those indeed are future liabilities but we are paying that interest to ourselves, and those bonds did not cause inflation as they were paid for with tax dollars (when the fed buys a bond is it inflationary as they simply print money to pay for it). That is still a big number, and the future liabilities (which are larger than the 1/3 of the debt represented in the special trust fund bonds) is also an issue but one where small actions now will have magnified benefits later, and so are manageable (if we actually do something). So our debt is in fact at a hight but manageable level.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-53682010025583767502013-12-20T20:53:23.185-08:002013-12-20T20:53:23.185-08:00You're clearly the delusional one. Iraq has ov...You're clearly the delusional one. Iraq has over 80 TRILLION Dinar!!! You really aren't educated. Thanks for the heads up. callingfoolsouthttps://www.blogger.com/profile/10201281885057333907noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-27416857907724106842013-12-20T19:11:23.753-08:002013-12-20T19:11:23.753-08:00Know Body? LOL......I need to slow down my typing....Know Body? LOL......I need to slow down my typing. Of course I meant nobody.Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-81256504713261762952013-12-20T19:03:47.697-08:002013-12-20T19:03:47.697-08:00Please are you delusional? The US couldn't eve...Please are you delusional? The US couldn't even get the budget straight. What plant do you live, We owe 17 trillion and you say the US currency is the strongest. Who's Duped one? I will stop there! LOLLOLOLLOLOLOLOLOLO!!!!!!!!!!!!!!!!!!!!!!!!!!¡!!!!!!!!!!!!!!!!¡!!¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡Anonymoushttps://www.blogger.com/profile/18369819932222872317noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-54365234905050879262013-12-20T18:24:23.318-08:002013-12-20T18:24:23.318-08:00So Alejandro........The USD which is backed by the...So Alejandro........The USD which is backed by the largest economy in history with a GDP of 12 trillion a year is going to collapse but the Iraqi Dinar (that is pegged to the dollar) is going to increase in value?<br /><br />It is this exact type of forum generated stupidity that keeps people wasting their hard earned money on third world countries hyperinflated currency. Your dollar collapse conspiracy is telling. Fear sells and you have been sold. Its no wonder that you are so easily lead around by forum lies. If the dollar collapses the rest of the globe goes with it. It is the ultimate reserve currency of which the vast majority of millionaires and billionaires have as the bulk of their holdings. It is by far the safest currency on earth. You would know and understand that if your were not brainwashed by daily hype online. <br /><br />Your "knowbody knows" cop out is telling as well. Give it a rest. We do know. We know that inflated currencies stay that way unless they are redenominated. That is a pure hard economic FACT that you refuse to deal with and instead pretend that "know body knows". The only reason you keep that mind set is to comfort yourself since deep down you know you have been duped. Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-68387510574809422532013-12-20T18:17:00.643-08:002013-12-20T18:17:00.643-08:00The dinar is pegged to the dollar so I the dollar ...The dinar is pegged to the dollar so I the dollar "collapses" what do you think will happen to the dinar? callingfoolsouthttps://www.blogger.com/profile/10201281885057333907noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-62237961095197453202013-12-20T17:48:59.770-08:002013-12-20T17:48:59.770-08:00Who pays the difference? Obviously no one does bec...Who pays the difference? Obviously no one does because there's simply not that much money in the entire world, not even for $3 or even $.01 for that matter. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-87361040562924009852013-12-20T17:35:42.764-08:002013-12-20T17:35:42.764-08:00Have you guys read the absolute ignorance that Din...Have you guys read the absolute ignorance that Dinarbeliever is posting at DV right now? Its like he learned nothing the past week or so. Now he supposedly has a super duper secret contact at the CBI. Hahaha....That contact is telling him that deleting zeros means off of the exchange rate. (which a redenomination will actually do) I am begging to feel sorry for the poor guy. I am also convinced that he is actually a 14 yr old pimpled faced kid in mommy and daddys basement keeping up with his "investment". Its pathetic. <br /><br />What about the 85 trillion DB? Please don't reply to that.......you have embarrassed yourself enough. Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-35129722016204631952013-12-20T17:23:55.758-08:002013-12-20T17:23:55.758-08:00Well DV your turly an inspiration everybody here s...Well DV your turly an inspiration everybody here seems to love your ignorance to justify their intelligence.<br />I also enjoy hearing truth from all these so called economist. I do know that Iraq will be a internatioal currency You won't be rich. Now nobody knows the outcome people here are also speculating their theories. Everybody here are conservative investors. I'v invested in commodities, real estate and done very very well. DV I'm an immigrant with no education, but managed to be successful with all my investment. The one thing nobody here can argue is the US dollar will collapse. If you hold Iraqi Dinars you will be better off then holding US dollars.Anonymoushttps://www.blogger.com/profile/18369819932222872317noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-45328554862829943812013-12-20T15:55:41.364-08:002013-12-20T15:55:41.364-08:00Sam, perhaps I speak for some or maybe most of us ...Sam, perhaps I speak for some or maybe most of us that we didn't feel subjected to DinarBeliever's immature nonsense. Naturally he apologized as many of us do for something we didn't fully intend to say in the heat of an argument but clearly his intentions in the end are what I suspected after his first post. <br /><br />Everyone here is an adult and didn't take long to see through DB with his shenanigans of making unsubstantiated claims followed by name calling then by apologies stating he wanted to really learn and be saying he wanted to hangout with us friends. The likes of the many kind-hearted folk here who've been scammed with the "RV" get rich fairy-tale in the past have sympathy for those who still don't quite grasp the snowjob they've been dealt and sadly continue to get sand kicked in their eyes. <br /><br />That being said I personally do not believe there was any damage done by DB as he falsely believes. Actually that was hilarious when he claimed damage control. One of his very many unintended comical one liners. LOL. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-36538370323779542462013-12-20T14:59:35.641-08:002013-12-20T14:59:35.641-08:00who exactly pays the difference between 1166 and t...who exactly pays the difference between 1166 and tnt's $32 if it was to happen, I suspect it would be the cbi and that would bankrupt Iraq for a thousand years.Anonymoushttps://www.blogger.com/profile/07178782640137573367noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-37411202855609315012013-12-20T14:46:02.237-08:002013-12-20T14:46:02.237-08:00Yup! Sterling Currency has been involved in a few ...Yup! Sterling Currency has been involved in a few lawsuits in the last few years. One was in Arkansas like Dinar Trade with illegally selling dinar, another case was stiffing their webmaster out of agreed to commission, another lawsuit was Dinar Corp (BGG & Randy Koonce boss - LOL) vs Sterling Currency. As you can see there is more throat cutting among dinar dealers then in a live stock slaughter house. I mean these guys remind me of drug dealers stepping on the competitions turf!! SMH...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-21715143831278746842013-12-20T14:23:19.261-08:002013-12-20T14:23:19.261-08:00I have to apologize too. I allowed DB way too muc...I have to apologize too. I allowed DB way too much slack. I didn't want to be accused of censorship so I let him go on and on about nothing in his juvenile manner. I'm sorry I subjected you guys to that.Sam I Amhttps://www.blogger.com/profile/11609519627791409673noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-91117681018816067492013-12-20T08:12:30.279-08:002013-12-20T08:12:30.279-08:00Well after looking at my post that I brought over ...Well after looking at my post that I brought over from DV I realized I said "make themselves look like total idiots like this" but I honestly did not realize at the time exactly what it was I was saying, while I may have been intentionally a bit harsh for the purpose of making a point it was never my intent to insult by calling anyone names, I guess I have used that phrase so often when discussing the pumpers and trolls that I said it without thinking. My intent was not to insult anyone over that post and I even said I felt the guy was being sincere so to that end if he reads this I want to apologize for that unintentional insulting remark.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-17380860627643786742013-12-20T07:40:43.018-08:002013-12-20T07:40:43.018-08:00Well it looks like Dontlop FINALLY got something r...Well it looks like Dontlop FINALLY got something right when he said,<br /><br /> "Lopsters are wasting their time trying to explain to me anything"!<br /><br /><br />Whether he's a scumbag pumper or just plain old fashioned stupid he's right, it's a waste of time trying to explain anything to him. <br /><br />Like I said earlier about that post I brought over it would be funny if it weren't so sad that so many people actually believe nonsense such as that, the real purpose for bringing it over however was not to laugh at or insult anyone but rather it is that I truly believe that the poster was being dead serious and I hope he sees it here. Maybe if some of this kind of far-fetched thinking is presented against a background of logic and sensible analysis of the Dinar scam instead of the brainless dreaming over at DV and even worse sites maybe, just maybe, it might get through to some of these people just how silly this kind of talk is. Again I didn't post the person's screen name because I consider him to be one of the "innocent" members and as I said my intent is not to ridicule, hopefully he or maybe someone else from over there that has seen this post will join our discussion and comment on it. I want them to know that they can do so and be treated in a respectful manner as long as they don't try to pull the kind of stunt Dinarbeliever did. I have not been here very long except as a lurker but I have visited and read through this site enough times to know that I can confidently tell these people that they will be treated with respect (despite what DB is telling them) as long as they maintain respectful discussion.Anonymousnoreply@blogger.com