tag:blogger.com,1999:blog-5596379580203915255.post9109435232822411656..comments2023-05-16T02:24:23.898-07:00Comments on Dinar Douchebags: Don't Listen to GurusUnknownnoreply@blogger.comBlogger199125tag:blogger.com,1999:blog-5596379580203915255.post-11976130406220289342013-07-29T11:13:34.962-07:002013-07-29T11:13:34.962-07:00Its good to see that nobody has been right.Its good to see that nobody has been right.sonny1https://www.blogger.com/profile/00486506341170052629noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-45418523279276394892013-07-28T18:59:05.730-07:002013-07-28T18:59:05.730-07:00Dinarck you are 100% right. Arab world is far way ...Dinarck you are 100% right. Arab world is far way from western thinking and never will change. I lived there long time. Sadly "guru" crowd is strange people, same fanatics as are some Islam sects. There never will be any benefit from dinar speculation.holahttps://www.blogger.com/profile/11344599377840819313noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-27003584429667151472013-07-28T17:22:52.248-07:002013-07-28T17:22:52.248-07:00Brian I have to take issue with you on something. ...Brian I have to take issue with you on something. I think the dinar is unique because it's the currency of Iraq which is located in the biblical land of Babylon. The dinar scam caught fire a few years ago because of the pumping from religious con artists to the church crowd. All things being equal if the dinar was the currency of some other country I doubt that half as many people would have invested. How many times have we heard people dismiss loppers as unbelievers who don't understand bible prophecy? No amount of math, economics, or logic will convince people like that. It's the same religious fervor that drives people in Iraq to blow themselves up. <br />Sam I Amhttps://www.blogger.com/profile/11609519627791409673noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-8637593686775300602013-07-28T14:23:33.764-07:002013-07-28T14:23:33.764-07:00Hi Lynn. As others have said, 25 Dinar (redenomina...Hi Lynn. As others have said, 25 Dinar (redenominated) = 25,000 Dinar (now). 100 Dinar (redenominated) = 4x 25,000 Dinar notes (now). 200 Dinar (redenominated) = 8x 25,000 Dinar notes (now).<br /><br />If you have a wad of 50x 25,000 Dinar notes ($1,073), rather than be given a bulky wad of 50x 25 Dinar notes, you may be given say, 2x 200 Dinar note (for 16x of those 25k) + 5x 100 Dinar notes (for 20x of those 25k) + 14x 25 Dinar notes (ie, only 21 banknotes carried instead of 50 means a lot less paper needs to be carried).<br /><br />Just as if you wanted €1,000 Euro's, you wouldn't be given a thick bulk of 100x €10's - you'd probably have a mix of 1x €200 + 2x €100 + 6x €50 + 14x €20 + 2x €10, to minimize the amount of paper needed to be carried (ie, 25 banknotes carried instead of 100x €10 or 50x €20).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-82600696629488378082013-07-28T13:58:00.057-07:002013-07-28T13:58:00.057-07:00Hola there could be a Disney Land in the Baghdad G...Hola there could be a Disney Land in the Baghdad Green zone and massive RVs would still be impossible. If you believe that giant overnight RVs are real (which there are not) then you could literally relate any situation or occurance to mean RV. Trust me....the deluional on DV do it everyday.Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-64349156567221669122013-07-28T13:50:31.548-07:002013-07-28T13:50:31.548-07:00"Is IQD world dream?"
No it isn't. ...<i>"Is IQD world dream?"</i><br /><br />No it isn't. Because a country with a 0.174% economic share of global GDP, a heavily inflated currency and an average national income of about $4k per year won't be bailing anyone out. It can't even pay its own debts - that's why countries who lent Iraq money had to write a lot of it off.<br /><br />In case it needs repeating again : <b>3 extra zeroes existing due to past inflation is not "hidden wealth". It's just past inflation</b> - no different to:-<br /><br />Iranian Rial (12285:1), Indonesian Rupiah (10265:1), South Korean Won (1113:1), Columbian Peso (1887:1), Chilean Peso (507:1), Ugandan Shilling (2590:1), Tanzanian Shilling (1618:1), Hungarian Forint (223:1), Pakistani Rupee (101:1), Vietnamese Dong (21185:1), Costa Rican Colon (504:1 (yes it's actually called that LOL!)), Icelandic Krona (120:1), Burmese Kyat (977:1), Albanian Lek (105:1), Kazakhstani Tenge (153:1), Jamaican Dollar (101:1), Sri Lankan Rupee (131:1), Nigerian Naira (160:1), Japanese Yen (98:1), Cambodian Riel (4093:1), Lebanese Pound (1511:1), Zambian Kwacha (5470:1), Laotian Kip (7795:1), Belarusian Ruble (8850:1), Malagasy Ariary (2195:1), Mongolian Tughrik (1489:1), Rwandan Franc (648:1), Yemeni Rial (214:1), Paraguayan Guarani (4405:1), Djiboutian Franc (179:1), Congolese Franc (913:1), Guyanese Dollar (202:1), Guinean Franc (6875:1), Sierra Leonean Leone (4328:1), Mauritanian Ouguiya (303:1), Burundian Franc (1535:1), Uzbekistani Som (2087:1), Somali Shilling (1370:1), Comoran Franc (370:1), and the Sao Tomean Dobra (18500:1).<br /><br />There is no "RV" and never has been all along - it's just a made up confused dream that's gone "viral" on the net amongst those who do understand a thing about FX, currencies, or economics. There is absolutely nothing unique or special about the Dinar just because it has 3 zeroes after it, or Iraq just because it has oil (so do 100 others) and is recovering from a war / dictator / inflation.<br /><br />In fact the only thing that makes the Dinar unique vs above other weak currencies, is the mis-selling "RV" scam industry that's sprung up post 2004. The Iranian Rial is 10x weaker than Iraqi Dinar, and <a href="http://www.irandailybrief.com/2013/02/27/another-attempt-to-remove-zeros-from-the-iranian-currency" rel="nofollow">they're also thinking of "deleting 4 zeros"</a>. Why aren't people falling over themselves to buy Rial and <i>"turn $100 into $1m"</i>? Because there's no mis-selling industry and no conmen / pumpers / gurus telling them lies about it and falsely misrepresenting an obvious redenomination as some mathematically impossible "magic beans" investment...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-63952121266024804482013-07-28T10:52:46.662-07:002013-07-28T10:52:46.662-07:00Love to read theoretical analyzes ... but did ever...Love to read theoretical analyzes ... but did ever somebody from investors was recently in Iraq (Baghdad)? So call "boots on the ground"?<br />With all respect reading comments I seriously doubt that all involved have picture what is today Iraq and what so call government lock in the Green Zone is able to do. US embassy reminiscence medieval castle in Crusades. 5000 people in same situation as were Templar's in Acre.<br />Is IQD world dream? <br /> holahttps://www.blogger.com/profile/11344599377840819313noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-79795112519201064392013-07-28T10:03:44.216-07:002013-07-28T10:03:44.216-07:00Lynn, the 25,000 will be worth 25 new dinar. So it...Lynn, the 25,000 will be worth 25 new dinar. So it will take 4 25K notes to get a new 100 or 8 25Ks to get a new 200 dinar note.<br />Remember. One of the big complaints in Iraq is that the highest valued note is only worth about $20. They very much want larger bills. The 100 and 200 dinar notes will be very popular. A lot of people in Iraq still use cash only, and many have their life savings in cash. DaveDhttps://www.blogger.com/profile/12051340224470148267noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-70789262267225722013-07-28T10:01:19.820-07:002013-07-28T10:01:19.820-07:00Lynn, Post RD a new 100 dinar note will be worth a...Lynn, Post RD a new 100 dinar note will be worth around 100 USD. The old 25,000 note will remain worth around 25 USD so 1 new 100 note will buy 4 old 25,000 notes effectively reducing the number of bills in circulation. Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-58718967076715006642013-07-28T09:54:18.663-07:002013-07-28T09:54:18.663-07:00After a 1000:1 RD, a 25000 IQD note is exchanged f...After a 1000:1 RD, a 25000 IQD note is exchanged for (e.g.) a single 25 IQI, not 4 100s. A lot of the 1000 IQDs will be consolidated into IQI 5's and 10's. There might not even be a 1 IQI note but a coin instead, and all IQD notes smaller than 1000 will either be consolidated or be exchanged into coins.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-8041920161110260722013-07-28T09:37:37.558-07:002013-07-28T09:37:37.558-07:00DaveD
Question?
After RD, wouldn't issuing 4 e...DaveD<br />Question?<br />After RD, wouldn't issuing 4 each 100 Dinar notes for each 25,000 Dinar note turned in actually increase total of notes from 4 billion to 12 billion, and not decrease from 4 billion to 1 billion ?Lynnhttps://www.blogger.com/profile/05340464680940797889noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-7256080150033058172013-07-28T09:37:07.097-07:002013-07-28T09:37:07.097-07:00And in that $3.30 article the economist even admit...And in that $3.30 article the economist even admitted it was "far fetched" to think it could be $3.30 again. He said hopefully it could get to 1:1. Anyone with half a brain realizes he's talking about a redenomination and small increase in value to 1:1.<br /><br />It pains me to even call it a small increase. If the dinar goes from 1166 to 1000 that's a HUGE increase in the world of currency. It's only in dinarland where people believe in 300,000% increases that you have to label a 15% increase as small.DaveDhttps://www.blogger.com/profile/12051340224470148267noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-86052477021951276452013-07-27T21:17:26.406-07:002013-07-27T21:17:26.406-07:00Yeah Dave its completely laughable. They are so br...Yeah Dave its completely laughable. They are so brainwashed and confused by the likes of Ennorset that they seriously believe that over 30 trillion dinar in 000 notes are about to be removed from circulation. GO RV of the brain will not allow common sense article interpretation. They are all still glowing about the dinar returning to $3.33 article that spewrews have taken complete advantage of. All logic and reasoning has gone bye bye which is evident by all the economically challenged believing Iraq is preannouncing to the world an upcoming 300,000% increase in the dinar value. These people are beyond help. The dinar will redenominate and they will all have to finally wake up to reality and get jobs. That day cannot come soon enough. Dinarckhttps://www.blogger.com/profile/16878623693877258701noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-39673787407157313692013-07-27T20:56:05.458-07:002013-07-27T20:56:05.458-07:00Well, from this article it looks like the redenomi...Well, from this article it looks like the redenomination is back on and scheduled for the start of the year.<br />Looks at the comments. It’s stunning that people can be this dense.<br /><br />http://dinarvets.com/forums/index.php?/topic/155932-iraq-the-start-of-procedures-to-delete-3-zeros-from-alamlha-the/<br /><br />They really seem to be confused about this line. "will reduce from four billion units to one billion units”.<br />It’s simple. They have said the new currency will have 100 and 200 dinar notes. So when people walk in with a stacks of 25,000 notes they will get some 100 and 200 dinar notes in exchange. <br />DaveDhttps://www.blogger.com/profile/12051340224470148267noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-80614965184616658192013-07-27T09:35:30.101-07:002013-07-27T09:35:30.101-07:00Well "deserve" in the sense that actions...Well "deserve" in the sense that actions have consequences and if your actions are to intentionally ignore the easily available information about currency and instead keep your eyes tightly shut while repeating "it WILL RV, it WILL RV", then the consequences of that are straight forward. But "deserves" is more commonly seen as "worthy of" or "entitled to" which are more emotionally burdened and such characterizations are likely not helpful to anyone.<br /><br />There is however an odd "deserves" theme you see with some of the believers along the lines that if Iraq were to RD, such would be "cheating". That any method of raising the exchange rate of the dinar that does not result in (large) profits for speculators is somehow robbing those speculators out of the millions they "deserve". Some have even said that they fear Iraq will forgo their own great increase in wealth (of course a fantasy to begin with) and execute an RD instead of an RV just to "screw the Americans". The ability of people to adopt a complete fantasy as reality is amazing. Of course many of us did so, at least briefly. But when confronted with the facts the facts won the day. For the true believers the fantasy seems immune to reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-32784514796148560532013-07-26T16:06:31.684-07:002013-07-26T16:06:31.684-07:00Well it is confirmed. Kap is deleting posts or wil...Well it is confirmed. Kap is deleting posts or will not post at all. It is now very evident as to why he currently mods on 4 sites and probably wants to mod more. If people can't see through his total bull and see him for the weak, pathetic, little man that he is then they deserve what they get for listening to him. If what was said here on this thread doesn't sink in finally to those who still think they are going to be millionaires through a magic rv or some crap float, then they deserve the let down they will get when they finally redenominate. Whispering299https://www.blogger.com/profile/13696639008563597626noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-45641902965108532272013-07-26T13:42:33.068-07:002013-07-26T13:42:33.068-07:00DaveD, here is your response from Kap. He didn'...DaveD, here is your response from Kap. He didn't even bother posting F8's post, but he currently isn't lgged on so I will see if I can get it on now.<br /><br />Whispering, DaveD post is not based on any facts. He is totally speculating and hoping people believe him. He has no idea what Iraq is going to do, and yes they will float the dinar, because 1. That is what the IMF wants and asked of emerging markets, and 2 Iraq floated the dinar before the war. As least I back up what I say with facts. Again, DaveD has no basis for his statements. <br /><br />Second, I am addressing the comment about “liberalizing the foreign exchange market." He either is naive or has no idea what that term means. Let me explain, liberalizing means "phasing out" exchange controls. In other words, free flow of foreign exchange and trade in goods, services and savings. That can only happen unless Iraq accepts IMF Article VIII and floats the dinar so it's currency is determined as stated by the Arab Monetary Fund... Floating Orbit of Exchange - "the value of a given currency is determined by supply and demand forces in the international market." <br /><br />As for the numbers, I deal with them daily, I have explained where the 3-6 trillion dinar will go that was sold outside Iraq. And I have explained again the remaining money supply inside Iraq. In fact, I have explained these with supporting factual documents and statements from people that matter like the CBI themselves. This clown DaveD has nothing. He is a LOPer who simply believes his words should be trusted. Wrong. He is just a dummy trying to convince people the dinar will go nowhere.<br /><br />Oh and btw Whispering, you once again took what I said and misrepresented it...Not only did I say I had no interest in going to Douchbags to have a conversation I stated the reasons why. That reason does not change if you bring their comments over here. No interest is no interest.. Get it? Anonymoushttps://www.blogger.com/profile/00078226649247444872noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-75708597186866440682013-07-26T04:01:09.158-07:002013-07-26T04:01:09.158-07:00There's little more to say beyond DaveD & ...There's little more to say beyond DaveD & F8's below debunking:-<br /><br />Kaperoni <i>"Therefore, until Iraq posts the M0, we will never know the true amount."</i><br /><br />ROFL. The CBI post M0 every month since 2004 on their own website (in Sheet 2 of Monetary Aggregates spreadsheet on the statistics page). As have annual World Bank reports. But since +30tn banknotes & 78tn M2 isn't what pumpers want to hear (and since the CBI also continue to debunk the pumpers BS claim of <i>"10tn Dinar / 70% of banknotes were taken out of the money supply last year"</i>, they try and "pretend" it "can't possibly exist" and continue to "seek" for the "true" figure via endless linguistical misrepresentation & contorted junk economics that "works" only inside their own heads...<br /><br />As for passing on messages to "debate" with them - I don't see the point? They all heavily censor what's on their own websites (as witnessed by thousands), and in the rare attempts they do try and "debate" (if you can call it that) outside of their "controlled environment" (where they can't hit the DEL key at will), they get totally destroyed.<br /><br />All these guru's are cut from the same cloth, use the same <a href="http://dinardouchebags.blogspot.com/2013/05/scam.html?showComment=1369387102439#c4427800263595211766" rel="nofollow">Propaganda Tactics</a>, emotional manipulation, logical fallacies, and endlessly use each other as circular references. Example circular referencing:-<br /><br />Kaperoni: <i>"Enorrste also has several posts on this topic", "because as Steve has stated", "Steve is right", "I agree with Steve"</i>, etc<br /><br />Enorrste : <i>"As usual I agree with KAP, Kaperoni is correct here, KAP is right, I agree with KAP"</i>, etc.<br /><br />Just the usual tired old ego-stroking / self-worship. And Craperoni has churned out the same BS pumping as Enorrste, Okie, & everyone else:-<br /><br />Kaperoni : "<i>It is about to happen"</i> - Aug 28th 2011<br /><br />Kaperoni : "<i>IMO, they must RV the currency prior to this event [Iraq Mining 2011 in London] and then this event is justification for the new value. <b>IMO the 7th of Sept 2011 is the very latest date for the RV.</b>"</i> - Aug 15th 2011<br /><br />Kaperoni : <i>"If i am not correct, then we will not see the RV till after it is ratified by parliament. seems like this month is the month, sooner rather than later, tonight, tomorrow, wed, thurs are my days."</i> - August 8th 2011<br /><br />Kaperoni : <i>"IMO, this RV could and should happen very soon, tonight or within days, no more than a week".</i> - August 7th 2011<br /><br />Kaperoni :<i>"once Allawi has a position (Erbil agreement), the RV will happen directly thereafter... And it may very will be “this week” as stated"</i> - AUg 3rd 2011<br /><br />Kaperoni : <i>"this is the final days. i am done with published chats..i will be around from time to time to join in and have some fun...no need to do big chats anymore...i feel we are at the end"</i> - June 25th 2011<br /><br />Kaperoni's "translation skills" : <i>Shabibi, states that there will be an upcoming change with the Dinar within the next week to no more than 10 days"</i> - June 24th 2011. <b>NB: The article said <i>nothing</i> of the kind - nor did Shabibi - Kaperoni like "Steve" just crayons in what he wants his followers to believe it "says" - no wonder they feel such an affinity for each other</b>... <br /><br />Kaperoni : <i>"if we have to wait till the end of May or the end of June (goodness forbid) well that’s not too far away anymore...we are very close"</i> - May 1st 2011<br /><br />That's just quickly picked at random during one single quarter in 2011 in the space of 3 minutes. Just like Enorrste, there's a LOT more 100% failed predictions out there over several years - they just hope their devout followers will not remember enough to put them all together and see what total frauds they both are.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-72603713059174643042013-07-25T21:03:00.709-07:002013-07-25T21:03:00.709-07:00I'm ranting and I'll stop. If Sam would b...I'm ranting and I'll stop. If Sam would be so kind I'd like to post a link to a forum owned by Jay Adkisson who he mentioned in another story. <br /> www.quatloos.com <br />If you look in the forums under 'Prosperity Scams-NESERA" section we have threads on Dinar where we've been ridiculing this scam since 2004...and there is among the various threads a lot of very good information and a lot more snarky comments. There is only one open thread at a time, when they get too long we close them and start another, so dig as deep as you care.F8https://www.blogger.com/profile/11299425862858361338noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-807517439119220182013-07-25T21:02:24.057-07:002013-07-25T21:02:24.057-07:00Well, lets start with this one...
3-6 trillion ma...Well, lets start with this one...<br /><br />3-6 trillion may have been sold outside Iraq. That is a good number and will never go back to Iraq. In fact, once the dinar is internationally recognized, it does not go against the CBI books if it is held as currency reserve. I did some checking the other day and the same is true for the USD. The USA has 11 trillion dollars being held around the world in reserves at central banks. Clearly, the US could never buy that back and it does not go against it's books. <br /><br />IF 3-6 trillion is held outside Iraq, why does he think it will never go back? Of course it would, it's the dinar that tards like you have suckered people into buying. NOT ONE CENTRAL BANK holds IRD as a reserve currency. Countries hold very minimal amounts to cover daily transactions, which is mostly supplying currency to people preparing to travel. <br /><br />As for USD held as reserves by other central banks, it is true that these notes are not held against the United States Treasury....but wait for it, they are indeed held against accounts at the Federal Reserve Bank of New York. And by what, oh hell, that's just stupid. Why would they not "count" there Sparky? If someone were to have some "oh shit" event in their country and wanted to ship them back to the USA, we'd most certainly have to honor them. I mean, if we didn't, what sane bank would hold them to begin with? Now, where some confusion might arise is that when reckoning it's books to the Federal Reserve Board, the NY Fed reports NET amounts on currencies, IE: if they estimate (and there is no mechanism to know an exact figure, these figures are in some countries as top secret as any military data) that a country holds X Billion in US reserves, and they hold of that country's currency Y billion in their reserves, they report X minus Y as a net position. And this is not done for most currencies, certainly not something as piddling as the IRD. They do it for the EURO, YEN, JAUN and a few others that actually are material in the grand scheme of things. This is also such an obscure point of Fed operating policy that I know some numbnuts guru didn't know it. <br /><br />Of coursed, this is all academic and serves only to make this bozo look as ignorant as he is, because neither the United States Treasury, nor the Federal Reserve in any of it's various entities holds anything beyond transactional amounts of IRD (again, transactional amounts is what they expect to be needed for internal transaction in a given currency, for the Dinar it's pretty much what people request for traveling to Iraq and that number is at most a few million dollars worth, it's not outside the realm of possibility that some larger Dinar Dealer holds more than the Federal Reserve, certainly in total they do)<br /><br />A currency note, or a currency entry into an account at a bank or etc... is an obligation of the issuing authority, NO MATTER WHAT FORM IT TAKES and as such, when presented to that authority it must be redeemed at the official rate quoted. This is just basic banking. A note is nothing much more complicated that a check you have written, only it's on much nicer stationary. So think for a minute, if you wrote a check in say, Quatloos for 1000Q and when you wrote it, a Quatloo was worth a penny...would you deliberately take steps to make a Quatloo worth $10 before you honored that check? That is is essence what an RV would be doing. All of the gurus who go on ad nauseam about how Iraq has to do this for the god of their people/economy/what have you are dead wrong, if the IRD were to RV to 1:1 the CBI would have to have one dollar to pay out to anyone who shows up with a dinar to convert. The obviously can't do that. Or do it at a dime for each, or a penny for each.... <br /><br />F8https://www.blogger.com/profile/11299425862858361338noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-59406975013085630202013-07-25T18:02:50.013-07:002013-07-25T18:02:50.013-07:00Iraq does report M0.
Iraq does not use M0 as curre...Iraq does report M0.<br />Iraq does not use M0 as currency in circ. They never have.<br />They use the same system as the UK where M0 is Monetary Base<br />Here’s the proof. From their website.<br />Click the “sheet 2” tab at the bottom of the page.<br />website.http://www.cbi.iq/documents/Monetary_Aggregates_f.xls<br />Monetary Base( M0 ) Developments<br />You can see they have been tracking it that way since 2004, so it’s looks a bit silly to say they don’t report M0.<br />They have reported currency in circulation as “currency outside of banks” for years and it has been shown to these scammmers a number of times, but they keep making up lies to cover the fact they can’t deal with the numbers.<br />As for most of his post, it’s made up nonsense. Since when does “liberalizing the foreign exchange market” mean floating the currency. Iraq will never free float their currency. There was talk years ago about a common gulf coast currency and they said even that currency would not float for years and years after it was implemented. <br />DaveDhttps://www.blogger.com/profile/12051340224470148267noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-74705854255093977022013-07-25T15:37:46.342-07:002013-07-25T15:37:46.342-07:00Here is Kaperoni's answer to the money supply ...Here is Kaperoni's answer to the money supply issue. Since he is too scared to come here and debate with any of you I will just post it as he posts. If you don't want me to take your responses back then don't respond.<br /><br />********, there is an explanation for the money supply. The LOPers wont admit it, but if you look at the entire plan, it makes sense. I don't have time to post all the info, but I have several chats over the years explaining it. It's not some made up BS, it was where the facts took me. And fortunately, it made sense.<br /><br />3-6 trillion may have been sold outside Iraq. That is a good number and will never go back to Iraq. In fact, once the dinar is internationally recognized, it does not go against the CBI books if it is held as currency reserve. I did some checking the other day and the same is true for the USD. The USA has 11 trillion dollars being held around the world in reserves at central banks. Clearly, the US could never buy that back and it does not go against it's books. This 3-6 trillion was by design to support the global banking system and as the dinar rises so does the dinar we hold (and sold into the liquidity pool) which will be disbursed as it enters the banking system/forex, etc. Though not a global reset, it will support and help the world economy.<br /><br />32 trillion or about is not correct as stated in country. That number changes often based on the CBI currency auctions. Several articles last spring Mar-May indicated that close to 12 trillion dinar was removed from circulation as a result of the higher auctions. Therefore, until Iraq posts the M0, we will never know the true amount. I suspect it's under 10 trillion as the dollar has become much more prevalent over the last year. In fact, Iraq is currently in violation of the currency agreement with the IMF (no more than 32% dollarization) and are now officially being stated as operating "dual currencies" which the IMF does not like. I would guess that the dollar is as high as 60-70% of the commerce in Iraq right now.<br /><br />Now 10 trillion is still alot of money to cover. And that is the very reason I don't see a RV on the dinar. Especially one at 1 to $1 as some would like. But I do see what the IMF is asking for (Liberalize the foreign exchange market), as a real possibility - which is a float of the dinar. This float over time will allow the CBI to remove the remaining dinar in Iraq at a much cheaper cost as they can draw in these notes as part of daily commerce. Here is the article that support that request...<br /><br />http://www.microsofttranslator.com/bv.aspx? from=&to=en&a=http%3A%2F%2Falhurriatv.com%2F22874%2F<br /><br />These articles the last few days are all based on IMF reports that came out from March 31st to July 19th. Here is the link to all of the reports...<br /><br />http://www.imf.org/external/country/IRQ/index.htm<br /><br />I just did a piece on transitioning from a closed (currency board) monetary policy (such as Iraq is in) to free market economy and new exchange regime (floating orbit of exchange). This IMF doc is very enlightening on how that process works. What it takes for the central bank to prepare, and execute the transition. You might want to read it...<br /><br />http://www.imf.org/external/pubs/ft/wp/2004/wp04126.pdf<br /><br />Have fun.Whispering299https://www.blogger.com/profile/13696639008563597626noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-35573724246795075572013-07-25T12:17:48.855-07:002013-07-25T12:17:48.855-07:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-24099068057989886512013-07-25T10:49:54.439-07:002013-07-25T10:49:54.439-07:00Looks like we lost our sparring partner. He must h...Looks like we lost our sparring partner. He must have retreated to greener pastures where he's not questioned or challenged. Too bad. Behind all the silliness and gibberish we were starting to get to the heart of this deception: the Iraqi money supply. It is rarely discussed or mentioned by the dealers or pumpers and, when it is, it is always understated by trillions or dismissed as irrelevant. We all know it is not irrelevant. Perhaps it was becoming too obvious and was starting to be bad for business.networthhttps://www.blogger.com/profile/14434221904296078286noreply@blogger.comtag:blogger.com,1999:blog-5596379580203915255.post-67832473054961410762013-07-25T09:11:22.412-07:002013-07-25T09:11:22.412-07:00Sam ,Din,Brian,F8 and all others.I am no one of si...Sam ,Din,Brian,F8 and all others.I am no one of significance.I think we've been duped.Steve-En whatever is not trying to pick up a couple of hundred dollars in commision nor show his home boys that he can hold his own with the likes of you guys.Obvious miserable failure.This may all become testimony."Ya see I believe my own B.S."He is covering his butt,one of many hanging dangerously out there.He can't back down and get a weekly check for blatant lies.You men have won 100-0 and he can not give in in case this becomes his stupidity defense.IMHOshellfishhttps://www.blogger.com/profile/09825032581738751299noreply@blogger.com