tag:blogger.com,1999:blog-5596379580203915255.post7725707177861149344..comments2023-05-16T02:24:23.898-07:00Comments on Dinar Douchebags: March 25 IMF StatementUnknownnoreply@blogger.comBlogger30125tag:blogger.com,1999:blog-5596379580203915255.post-55827832814210348482014-04-30T20:49:37.028-07:002014-04-30T20:49:37.028-07:00The longer I spend on this the more I feel like an...The longer I spend on this the more I feel like an idiot for trusting fellow friends who believe that they have not been scammed.Anonymoushttps://www.blogger.com/profile/09419449846150495577noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-79422480360445724042014-04-06T15:20:55.060-07:002014-04-06T15:20:55.060-07:00From recaps today: "John MacHaffie: INTEL – H...From recaps today: "John MacHaffie: INTEL – HEADS UP FOR ANNOUNCEMENTS TONIGHT. PUBLIC EXCHANGES START ON MONDAY AND/OR TUESDAY."<br /><br />Just wanted to get this on record.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-4757961350871868112014-04-06T11:06:15.482-07:002014-04-06T11:06:15.482-07:00From recaps: "olitnaRon: Iraq needs to RV for...From recaps: "olitnaRon: Iraq needs to RV for its monetary system, banks, bonds, contracts, social programs to work, and why do they have 90 tons of pure gold to is worth around 18 trillion dollars(36 tons this week=7 trillion) if they are not going to back their currency ??"<br /><br />Wow I didn't know gold suddenly RV'd 487,000%. When did that happen? <br /><br />Guess I lost out :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-57064915442911111832014-04-06T08:00:49.814-07:002014-04-06T08:00:49.814-07:00here is more lies and bull from old pumper KOONCE&...here is more lies and bull from old pumper KOONCE><br />Randy Koonce Update<br /> <br />How are you makin it?<br /> <br />I know everyone wants me to have a call but these notes do the trick too…<br /> <br />Ok. the pressure is on for Maliki he is just about to bounce off the walls to get this out and the IMF has drug their feet and making Maliki sign off on things Like HCL and Budget, and etc…<br /> <br />I am going to state every thing is done that has to be done for the RV to take place so no one has to ask the question does Iraq need this to RV… Answer is NO… They are Ready…<br /> <br /><br />I want everyone to know that this can go off on any day of the week, I like Sundays and Thursdays but that means nothing the window is as open as I have ever seen this thing be…<br /> <br />You ask why can’t I give a specific date… the reason is I do not control the RV “I wish I did would save me many a phone call..”<br /> <br />Ok here is the Skinny… I cannot give you intel because it is very sensitive at the time.<br /> <br />I can say the CBI is ready Maliki is ready and the IMF is getting ready so when the stars align like they are now the window is open wide… and do not worry about what ifs just wait until it happens and then go to a bank and cash in if you have more than 1 million in dinar you can negotiate the CBI rate and no fees.<br /> <br />The thing with groups pick people you know do not fall for the 800# and private stuff the rate will be the rate and you will not be able to get more than what the bank pays… the last rate that was given to us is between 2 and 3 dollars.<br /> <br />The Banks all and I mean All banks will participate in the exchange, that deal in foreign currency. DO NOT WORRY ABOUT whether or not you will be able to cash in Take your time and Breathe… if you want cash a little then go back do some more…<br /> <br />I BELIEVE THAT WE WILL BE DONE BY THE MIDDLE OF APRIL… if for some reason we are not I will get the reason… but for now all parties are aligning very well.<br /> <br />So tonight to the middle of April is extremely important to us in this investment…<br /> <br />Continue to check the cbi website for the rate change… if they do it in the mornings Iraq time that is around 12 midnight to 2 in the morning… those have been good window following when the bank updates its screens.<br /> <br />RELAX and be smart about your money it is a currency very hard to track… so do not give it to anyone other than a bank or dealer on exchange and get your money back at the same time if you have to wait go somewhere else… DO NOT LET IT OUT OF YOUR SIGHT UNTIL YOU GET MONEY IN RETURN… PLEASE BE SMART ABOUT IT…<br /> <br />I have started making plans for the Austin event so if you want to go just send me email…. I will setup a web page to register…. if we get past the next 4 days and no RV I will do a call…….<br /> <br />Check CBI.IQ<br /> <br />Breathe.<br /> <br />Check www.cbi.iq every day to see if it has changed… do not take a guru or a post about in country RV or anything else do not be fooled just check the CBI<br /> <br />Do not let your emotions get to you.<br /> <br />________________________________________________________________<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-28020719731289563942014-04-05T19:05:42.990-07:002014-04-05T19:05:42.990-07:00The real subject of the article, in short, is Iraq...The real subject of the article, in short, is Iraq needs to reduce spending because when they run through the fund, which will happen this year, they just cannot afford to spend what they are proposing in their current budget plans.<br />I know, "one of the richest countries in the world" shouldn't be reduced to this, but that's what the IMF is telling them.F8https://www.blogger.com/profile/17520770178618027577noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-8985814970723552562014-04-05T19:00:28.571-07:002014-04-05T19:00:28.571-07:00Evan that number for oil imported from Iraq is ske...Evan that number for oil imported from Iraq is skewed in that it includes the Gasoline and Oil purchased in Iraq by the military for use in Iraq. If you separate those purchases out, the number goes down by about 25%F8https://www.blogger.com/profile/17520770178618027577noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-14039422559421117732014-04-05T11:26:33.576-07:002014-04-05T11:26:33.576-07:00I gave up trying to decipher dontlop's (someti...I gave up trying to decipher dontlop's (sometimes drunken, by his own admission) ramblings. 90 tons of gold would be about 4B USD worth and of course they have to buy it. It is indeed amazing that the believers don't seem to grasp the simple idea that to get gold you have to pay for it. I also have no idea what "reduce liquidity" would mean in this context. Liquidity means ease of exchange. So for example if Iraq were to RD and make it difficult for IQD holders outside the country to exchange, then out of country IQD holders would have a liquidity problem. But what that means inside Iraq now I don't know and suspect translation issues. It sounds like means they want to make it harder to get dollars, but as long as demand is high that will only drive the price of dollars up which is exactly what the CBI does not want to happen. The IMF has suggested liberalizing exchange (which would increase liquidity) to allow dollars to more easily be exchanged thus more easily meet demand and bring the price down to what the CBI wants (about 2% over its 1166 rate).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-22469725738001418122014-04-05T08:38:27.595-07:002014-04-05T08:38:27.595-07:00They pounce on every CBI/dinar related news story ...They pounce on every CBI/dinar related news story and twist it to support their fantasy "RV" coming ANY DAY NOW (over 10 yrs now). That's the bottom line explanation.<br /><br />Iraq / CBI has no interest in raising dinar exch rate when all other nations are devaluing (via printing). Any increase in CBI reserves will permit more dinar printing giving Iraq govt more money without raising taxes, just like US Fed printing more dollars and buying more treasury bonds giving our govt more money to spend without raising taxes.<br /><br />"reduce liquidity" is nonsense, dinarians don't even know what terms like that mean, their knowledge of how currencies work is slim or none.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-76672937254658685102014-04-05T06:24:42.726-07:002014-04-05T06:24:42.726-07:00I don't remember which genius it was over ther...I don't remember which genius it was over there in that thread about Iraq buying 90 tons of gold but he replied,<br /><br />"90 ton of gold + 83 billion in cash reserve.<br /><br />Increase the exchange rate please.!"<br /><br /><br />Do these idiots think Iraq is getting this gold for free? That thread is three pages long now and no one has pointed out this gold is in EXCHANGE for cash reserves not in ADDITION to it, how do they think Iraq is acquiring this gold? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-53079913870234733272014-04-05T05:15:08.611-07:002014-04-05T05:15:08.611-07:00Maybe someone can help me make sense of Dontlops i...Maybe someone can help me make sense of Dontlops ignorant statement here. <br /><br /><br /><br />"I'm thinking this topic should make more sense now as we see the cbi buying more gold to support the project and its new monetary policy <br /><br />They seem to be selling gold to reduce liquidity of the dinar <br /><br />I don't think this will happen over night <br /><br />But with the help of selling treasurys and dollars and gold like the article states they can reduce it to what ever they choose to reduce it to <br /><br />I don't think anyone knows how far they will go with that <br /><br />Hopfully till the dinar is equal to the dollar<br />Thanks yota for bringing this article"<br /><br /><br /><br /><br /><br />Read more: http://dinarvets.com/forums/index.php?/topic/171388-35-trillion-dinars-the-volume-of-cash-in-circulation/page-2#ixzz2y0qorAfG<br /><br /><br /><br /><br />So based off of Dontlops brilliance.........Iraq is using their reserves (mainly USD) to buy gold and then selling it (for USD) and this is somehow going to bring the dinar 100,000% more value over the long run? Guess as long as he makes it sound good then his sheeple victims will believe it.Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-69599483315158207452014-04-04T11:09:22.278-07:002014-04-04T11:09:22.278-07:00From recaps: "The Iraqi Ministry of Transport...From recaps: "The Iraqi Ministry of Transport is attempting to obtain a $2 billion dollar loan from the Export-Import Bank in the US for the purchase of 40 Boeing aircraft that have been committed to Iraq for delivery. It will be interesting to see how they manage to pay for these aircraft....hope the loan goes thru."<br /><br />No, don't borrow the money, their 500,000% RV is coming ANY DAY NOW, they can pay cash for a hundred Boeing jets, two hundred Boeing jets, hell they can buy the whole Boeing company and pay cash for it, and the whole freikin state of Washington too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-33184125061591485082014-04-04T06:26:45.556-07:002014-04-04T06:26:45.556-07:00I have tried to argue that point over at DV from t...I have tried to argue that point over at DV from the very first time I heard the Dinar for oil BS but it's mostly useless to point that out to these people. I have asked "if the US Government is buying/importing all that oil what are they doing with it"? Does the Government own the refineries and gasoline outlets? No? Well then what Government agency sells the oil it bought to private industry and how is this accomplished? However all I get is babbling about the US strategic reserves as proof the US Government does indeed import oil! Further explanation about the strategic reserves results in links to Government procurement sites that purchase oil for the reserves, military, etc that of course have zero to do with importation, no matter it's all they need to support their idiotic nonsense. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-84810031924888390052014-04-04T00:19:26.801-07:002014-04-04T00:19:26.801-07:00As for the USA getting cheap oil in exchange for a...As for the USA getting cheap oil in exchange for all those cashed in Dinar, first, the US Federal Reserve, Treasury etc.. does not buy oil, oil companies do and most of the oil companies dealing with Iraq are not US companies at all, BP is British,Shell is Dutch etc... and second, for the most part, Iraqi Oil is not used or usable in the USA, aside from a few facilities in California, US Refineries are not able to refine Iraqi Sweet Crude and to make them so would make them unable to refine Mexican, Canadian, domestic and Venezuelan oil, which is what our refineries currently process. Most middle eastern oil is used in the middle east. Asia and Europe. Crude oil comes in many grades and refineries are very specialized to produce only certain grades, when US states convert from summer to winter blends, the refineries have to go through a very expensive procedure just for that small adjustment.F8https://www.blogger.com/profile/17520770178618027577noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-41735068998101607032014-04-04T00:11:23.040-07:002014-04-04T00:11:23.040-07:00As far as Iraq is concerned, Dinar are not assets,...As far as Iraq is concerned, Dinar are not assets, they are liabilities.Raising the value of Dinar does not increase Iraq's wealth, it increases their debt. That fairly simple concept is all you need to know about monetary policy to understand why there cannot be any "RV". <br />A Dinar outside of Iraq is an instrument that Iraq's central bank sold for (today's rate) .0086. The proposition that they would RV it is to say that they will buy it back for $3 up to $36 depending on which guru you're listening to. <br /><br />And I am a Economist, with a PhD in International Business. F8https://www.blogger.com/profile/17520770178618027577noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-48569925414069373822014-04-03T10:07:59.625-07:002014-04-03T10:07:59.625-07:00And those dinar douchebags will stick to that stor...And those dinar douchebags will stick to that story and those dinar they have till hell freezes over, because their ego is on the line now, they've blabbed about their imminent windfall wealth to multiple people for years in some cases, convinced others to buy dinar, their ego couldn't take the hit of admitting they were wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-84458915595051540542014-04-03T03:29:46.236-07:002014-04-03T03:29:46.236-07:00But, but JRG, after the "RV" the Dinar w...But, but JRG, after the "RV" the Dinar will be internationally tradable doncha know? Why at a rate of $3 it will be worth more than all the world's other currencies combined and every country on the planet will be clamoring for it! Think about it, with all that newly created wealth the countries around the globe will exchange all those trillions of Dinar they have been holding in anticipation of the "RV" and pay off their national debts, the GCR will become reality! All those many thousands of newly created multi-millionaires will turn previously stagnant economies into vibrant and robust economies flush with money they will get from their Dinar holdings, debt around the world will be erased! The US will have all the cheap oil it can use by trading some of it's Dinars (what's left after exchanging enough to pay off the national debt!) for Iraqi oil for many years to come but US citizens will be so rich they won't be concerned about the price of oil anyway! I tell you this coming GCR is a "blessing" that Iraq will provide to end poverty around the world, not just end poverty but it will bring untold wealth to many thousands or even millions of people around the world and all this from a small, violent, backward, war torn, third world country that's teetering on the brink of civil war and can't even provide electricity to more than half it's population and not for a full 24 hrs to those it can! Yessir this here "RV" is going to be the blessing we have all been waiting for and all it's going to take is for Iraq to just declare the Dinar to be "RVed"!<br /><br /><br /><br />As absurd as everything I just said is (maybe stupid would be a better word) it's EXACTLY what Dinarians are saying is going to happen whether they realize it or not! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-47683268103187688662014-04-02T22:07:14.102-07:002014-04-02T22:07:14.102-07:00Foreign currency exchanged for dollars ultimately ...Foreign currency exchanged for dollars ultimately makes its way to some entity that has dollars and desires to buy the foreign currency. For floating currencies like the dollar or euro that might be the foreign exchange desk of that bank, but is more likely to be some other financial institution (just due to the large number of them involved with trading floating currencies). But, for a pegged currency that entity is by definition only the central bank of the country in question. Other banks might well be middlemen but ultimately it has to get to the central bank as they are the ones providing the market for their currency (that is what makes it "pegged"). The CBI only has $85T USD (worth) or so in reserves. So it doesn't matter where the IQD is coming from, the CBI can not fund it at anything beyond 15% or so of the current value and no way are they going to give up that 15% unless its needed to fight inflation for example. <br /><br />Further no one knows how much IQD is held outside of Iraq, and getting into that just opens a can of worms with more silly guru schemes where the UST gets discounted oil etc. None of that can work of course since even if Iraq wanted to give all its oil revenue to the west its only 150B USD say. If we're talking a $3 RV that's 20 years or so per 1T IQD, that Iraq would go with zero revenue just to cash out the west. I'm sure that will be very popular idea with Iraqis.<br /><br />But moreover you don't have to get into that. What we DO know is how much Iraq imports and how big their M2 is (oh by the way you mentioned the US M3, but I don't think we even report M3 anymore). Iraq imports something like 60B USD worth per year so say 65T IQD a year so 1.25T IQD pre week. Given that that is only 1.6% or so of M1 (i.e. spendable assets). It seems quite reasonable that this IQD spending level will continue at least briefly after this great $1 RV as Iraq now has ample assets (so the RVers say) to pay for all the things its missed form iPhones to power plants. At 200B IQD per day, just one day at 1USD/1IQD will wipe out the CBIs reserves by more then 2x. No guru nutty UST/oil scheme can help with importers in Iraq wanting to exchange trillions of iQD for dollars.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-78439074587262613562014-04-02T18:45:54.707-07:002014-04-02T18:45:54.707-07:00Here is point 9 from a 15 point article I'm wr...Here is point 9 from a 15 point article I'm writing entitled "Why Iraq dinar won't RV more than 1% - 2%". It discusses an aspect I haven't seen any "dinar gurus" mention anywhere on the dinar blogs, where would the cash come from to "cash out" 8 trillion dinar held by Americans.<br /><br />9) US banks don't have trillions of dollars available to "cash out" dinar.<br /><br />Suppose Americans have 8 trillion dinar intended to "cash out" at US banks. At $3.71 banks would have to come up with $29.68 trillion to "cash out" those 8 trillion dinar.<br /><br />US banks don't have $30 trillion available to "cash out" dinar. They don't have even $1 trillion available. They don't have even $1 billion available. Not even $100 million. Not even $1 million.<br /><br />Whatever cash they have is committed to other things already. Nothing is available to "cash out" dinar.<br /><br />As an aside, $30 trillion is TWICE THE SIZE of the entire USD M3 money supply ($15 - $18 trillion). <br /><br />Contrary to "dinar gurus", US banks are not legally obligated to "cash out" dinar. It's a service they can provide if they want to, and they can be selective about it.<br /><br />And it wouldn't be "cash out". It wouldn't be an exchange. It would be selling dinar to banks. Banks have no obligation to buy dinar, and no cash available to buy it.<br /><br />And since it's a sale not an exchange, a bank could offer what they want to offer, it wouldn't be near what dinarians think they would get, IF banks had the cash avialable, which they don't.<br /><br />SKR is the best dinarians could hope for if their fantasy 300,000% "RV" were to happen, and SKR is not spendable, it's not money. It's merely a receipt for assets held for safe keeping.<br /><br />Dinarians might be able to pledge their SKRs as collateral for loans to be paid back with interest, and banks CAN create more dollars by making loans, even up to the $30 trillion expected by dinarians, but expanding the USD money supply to 3 TIMES its present size would destroy the US dollar, it would be instantly rejected as world reserve currency and probably devalue 90%.<br /><br />There's no guarantee banks would make such loans, they have no legal obligation to do it. <br /><br />This is another huge thing dinarians haven't thought about. They assume banks have boatloads of cash laying around to "cash out" dinar, but they don't, and they have no obligation to do it.<br /><br />This is a moot point since there will be no 430,000% "RV" (to $3.71), not even 100% "RV" (to $0.00172). I bring it up merely to show how dinarians haven't thought this thing through, and are relying on massive assumptions nowhere near reality.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-19393079847740872812014-04-02T17:12:56.297-07:002014-04-02T17:12:56.297-07:00From what I’ve seen most of his followers couldn’t...From what I’ve seen most of his followers couldn’t grasp reality even if it was delivered by a 60 mph Mack Truck. DaveDhttps://www.blogger.com/profile/12051340224470148267noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-32253220293329958262014-04-02T16:03:32.922-07:002014-04-02T16:03:32.922-07:00Hey robl, we are ready for those minions!!! LOLHey robl, we are ready for those minions!!! LOLCruzerhttps://www.blogger.com/profile/07135530520029479770noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-77464210073102896472014-04-02T13:03:33.172-07:002014-04-02T13:03:33.172-07:00Hey Sam, a bit off topic but I talked to someone w...Hey Sam, a bit off topic but I talked to someone who is on TNT Tony's call everyday. Today it was your turn to be talked about. My friend said that he spent about 10 minutes saying that he could not believe there would be a site out there called Dinar Douchebags, who would ever call their site douchebags and do nothing but make people believe that I am a liar and there is no such thing as an RV. Just letting you know so that if we see a bunch of Tony Turds coming over here, to check things our you will know why and I really hope they do so that we can give them a dose of realityAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-71202448397932424972014-04-02T11:06:40.126-07:002014-04-02T11:06:40.126-07:00An article on USA Today in October 2013 reported t...An article on USA Today in October 2013 reported that the FBI ranked Tennessee as the most dangerous state in the nation due to violent crime. But given that Poopy and BGG are also from Tennessee I wonder if it is the #1 BS'er state too!!<br /><br />No offense to any of you Tennessee residents just stick with my sarcasm. Cruzerhttps://www.blogger.com/profile/07135530520029479770noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-60584748150412567112014-04-02T10:55:34.126-07:002014-04-02T10:55:34.126-07:00I think what has devalued the Iraqi dinar is peopl...I think what has devalued the Iraqi dinar is people breaking silence in the dinar forums when they've been asked to stay silent so that the RV could happen. People just don't know when to keep their traps shut and because of that the dinar is going to continue to keep dropping in value. You see, the dinar is pegged to dinarians and gurus tongues. The more their lies and pipe dreams are spread the lower the value. Or is it because these desperados keep shipping USD overseas to Iraq as they continue to purchase that razor sharp pink toilet paper from the dinar dealers? Some of that toilet paper has been used already hence "circulated" (fancy word for pooped on already) and no longer has that quadruple edge razor sharpness like when it came off the printing press. <br /><br />But I am in agreement with you guys that nothing spells RV but the folk who keep dreaming about it. <br /><br /><br /><br />RV = Rapture Vehicle - Meaning this scam is the vehicle many christians are tying to biblical prophecy. <br /><br />RV = Ruptured Veins - Is what you'll have when you find out that this is nothing but a scam.<br /><br />RV = Repetitious Vulgarity - Causing 'Ruptured Veins' because you can't quit cussing up a storm due to your sudden awoken consciousness<br /><br />RV = Reunited Vermin - Gurus & sheeple pumping up each others needs in dinar forums ESPECIALLY the VIP ones.<br /><br />RV = Resounding Vomit - The regurgitated sound of junk sheeple keep repeating in their minds that they'll soon be millionairsCruzerhttps://www.blogger.com/profile/07135530520029479770noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-41208286028948016732014-04-02T10:27:35.557-07:002014-04-02T10:27:35.557-07:00"The street value of the dinar struggles beca..."The street value of the dinar struggles because people want dollars. " Oddly enough to the dinar dreamers it's the polar opposite. All they want are dinar and lies. Cruzerhttps://www.blogger.com/profile/07135530520029479770noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-86835810666995243472014-04-02T10:24:03.999-07:002014-04-02T10:24:03.999-07:00So according to the chart, March 27 in the year 26...So according to the chart, March 27 in the year 2636 the market rate for the dinar will still be 1,222 and auction rate 1,166. How can that be with all of the molasses Iraq has in the ground? Hey, I wonder if Okie will have run out of gas by then and Tony will be running his scam calls from prison. LMAO.. <br /><br />Sorry but that was an opportunity too hard for me to pass up though April fools was yesterday. ;-)Cruzerhttps://www.blogger.com/profile/07135530520029479770noreply@blogger.com