Douchie for July 29 - August 4

This week Dan Atkinson was in France and Frank Villa returned from Hawaii.  Nice to see these gurus flying all over the world having a lovely time while their faithful sit around desperately waiting for some indication that they weren't swindled, huh?  Dan did check in with his listeners to assure them that the RV is going to happen and that we're very close.  Nice of him to take time out from his European vacation to make sure that those people paying $15 a month don't bail on him, don't you think? 

There were several good examples of douchebaggery this week.  DaveD, one of my readers and frequent posters, voted for Roger Dorman to receive this week's Douchie for posting this:

generals64: …this is nothing different than the revaluation of the Kuwaiti DINAR….Google it and read what happened and how it happened….then Read about the German Deustchmark…and the 1946 Japanese Yen. It’s that simple……the answer is in History and History will repeat itself….Its that simple .

generals64: the Kuwaiti Dinar revalued from $3.29 American to 1 Kuwait dinar…it was Artificially devalued by Hussein and then lowered even more by the United States….It was revalued to $3.69 and was on a managed float…it grew to $11.00 and some change and then the Hedge Fund people messed things up and it dropped to $3.69 and has stayed around there for some time.

It revalued on a Wednesday Afternoon at around 3:30 or so East Coast time…Now, there is a TRUE History Lesson. zerolimits….Most Financial people don’t take the time to study where your finanaces come from…they just want their check…I am a history buff and got in this for the research…


For the hundredth time, Kuwait didn't RV.  When Saddam invaded Kuwait he replaced their dinar with the Saddam Iraqi dinar.  During that time fleeing Kuwaitis were taking whatever they could get for their currency and the street value tanked.  Once Saddam was removed Kuwait printed a new Kuwaiti dinar to replace the old Kuwaiti dinar (much of which Saddam's forces took) and the Saddam Iraqi dinar, and they valued it the same as before Saddam's invasion.  It was never valued at $11 and in no way does this meet the definition of a revaluation. 

As I've pointed out previously Roger knows that these posts aren't just rumours or inaccuracies.  They're bold faced pumper lies, and yet he posts them on his site because they draw traffic.  What a scumbag!  I took DaveD's vote into consideration, but unfortunately my blog isn't a democracy.  It's more of a benevolent dictatorship.  MWAHAHAHA!!!

On Friday SWFloridaGuy posted this:


I want to start by saying RV, RD, RI, I have no clue. I can only hope for the best. We continue to see the GOI stratagem toward reform (which would be the optimal solution for investors). The more I study macroeconomics, the more I understand the Lopsters argument. If you solely look at historic large currency appreciations, even a 20% increase, runs the risk of having negative long term effects. A 100,000% increase is not even something regarded as possible by most economists. However, what the Lopsters fail to recognize is the fact that Iraq is a very unique situation. The value for the IQD is still there. Iraq was devalued due to a war strategy (have yet to see proof from a Lopster that it wasn't) and the U.S. has been in control of the reconstruction from the start. I believe Iraq will revalue and the real questions are - how high, when and by what mechanism? Several incremental adjustments (to get us to 1 to 1 initially) would be what I prefer. That would ensure that the large notes retain their value.


He states here that the dinar was devalued as part of a war strategy. I've posted numerous times a quote from the CBI website that the dinar was valued at 3000:1 back in 1995, eight years before the war. I posted another article a few weeks ago showing that Iraq was experiencing hyperinflation in 1993, nearly 20 years ago. That's where the low valuation comes from, not any war strategy. He goes on to suggest that a lop would devalue the larger notes. This guy must have gone to the Breitling School of Economics. A lop treats all notes the same. They all retain their value until they are simultaneously demonetized at the end of the exchange time frame, at which time only the new currency is honored at the new rate. But since SWFG admitted that he is clueless and wrapped up his post with a disclaimer that he could be wrong, I'm passing him up too. 



On Thursday TonyTNT from PTR posted:

[via millionairemoma] [Just watching Iraq TV. Conference with president just ended. Three ministers were with him. He said Iraqi Dinar will re-value higher than it was in the days of Saddam Hussein. He is on a minute to minute watch. WOW!!!!] TONY SAYS HE HAS CONFIRMED THAT HE HAS HEARD THIS FROM BOTH SIDES OF THE POND!


Talibani is the president, so I'm guessing that Tony is referring to him.  Doesn't really matter though, because whether it was Talibani or Maliki or Shabibi none of them have ever said that Iraq is going to RV, nor will they.  Redenominations are announced but revaluations aren't.  Nobody announced back in January that the rate would be adjusted, did they?  It just popped up on the screen one day larger than life.  Tony is obviously lying, but as bad as this is I'm only giving him a runner-up Douchie. 


This week Frank Villa once again baffled us with BS saying:

Somebody posted "Well Frank you told me two years ago that this was a nine and a half month pregnant woman and she's way overdue.  I guess she's really way overdue now, huh?"  Yeah, but you see that was two years ago sir, and the nine and a half month pregnanacy turned into a stone baby.  It was never delivered, sir.  If you don't know what a stone baby is, look it up.  They get stuck in the fallopian tubes.  A stone baby is a child that never had a chance to come into the world.  The Iraqi dinar two years ago was coming into the world, but they suffocated the electorial (sic) process and Allawi tried to steal everything.  When the authors of the plan found this they put Maliki in this position and said "fight this guy".


https://www.freeconferencecallhd.com/playback.asp?n=36-17-65-6711-17-65-67-17-65-675849-17-65-67-17-65-67-17-65-67-17-65-67106372922-17-65-67;0OTc3NDYwNjg=0 (30 min. in)





In this one passage Frankie

1. Refuses to accept responsibility for his past proclamations (as is his custom)
2. Makes an assinine analogy to a lithopedion or "stone baby" (he couldn't even get this right - stone babies get stuck outside of the fallopian tubes in the abdominal cavity)
3. Blames the delay on the electoral process (uh Frankie, the election was over two years ago ... it was resolved in Oct. 2010)
4. Claims that the authors of the plan intervened and put Maliki in charge (sure took them long enough huh?  8 months?  And by the way, Maliki was already in that position.)

As I have pointed out in previous posts Frank is a big fat liar.  He gets by on his dramatic speaking style that aparently mesmerizes his followers to the point that they can't process information rationally and recognize a big fat lie when they hear it.  What a douchebag!

******************************************

September marks the one year point for this blog.  My first post was RV Reality Check on Sept. 23, 2011.  It's been an incredible adventure for me.  Sometimes it was exciting, sometimes it was aggravating, sometimes sad, and sometimes it was fun.  But it was never really boring until the last month or so.  I've noticed that reader participation is down.  Apparently people are losing interest and quite frankly so am I.  So I have decided that at the one year point I'm going to step away.  I'll finish what I'm working on now and from time to time I'll post things that are relevant, but I'm not going to do any more Douchies or big research projects.  Frankly I hadn't intended to stay as involved as I have, but I found the videos on James Wolf and that got me jazzed again about researching.  Then I stumbled onto the Dinar Corp info and again immersed myself into the research.  But I have other things going on in my life now that I need to focus on so it's time to go.  I'm saying this now so that nobody will claim that I was run off or bought off or any of that rubbish.  I've just decided to let my work stand on its own merits which I'm confident that it will.  Thanks for your support.  

Don't Drink the Punch

Before I started this blog there were other anti-pumper blogs out there fighting the good fight.  One of them was called Don't Drink the Punch.  I went back there the other day and read through some of what therealmod wrote, and while he was a bit too liberal with the expletives for my taste I think he had some astute observations. 

One such post (May 11, 2011) was concerning a pumper-driven record day for a dinar dealer.  See below.


Okay let’s face it folks, these cronies creating these blogs are on these sites to do nothing more than make money. Has anyone heard one of their calls or looked at their websites? They have banner ads plastered all over the sites. Rumor has it that, when the Peoplestalkradio.com “mods” i.e douche bags, said that RV is done, one of the currency dealers recieved 5000 “reserve” orders the next day.

to quote the post I saw: “Obviously you were not on the call when all the Mods were saying their goodbye’s becuase it was the Last call before the RV, or you must have missed the call when Dan said one of the currency brokers called him and asked “what did you say on that call last night?…I got over 5000 reserve orders the next day!”

The currency dealer asked them what they said in order to get that many next day orders. So let’s do this math:

5000 reserve orders

x

(1 Million Dinar purchased if you type in PTR) – Let’s be conservative and say on average most people are buying 1 million reserve orders and 10% of $1,180 = $118

5000 reserve orders x $118 = $590,000 (that is just 10% of what everyone would be putting down).

Now you don’t think that these guys at www.peoplestalkradio.com, peoplesdinar, or dinardaddy are getting a piece of that? You are crazy because they are! Let’s be smart here people…..these blogs are filled with ex-MLM cronies looking to put their hands in another cookie jar. This time it’s directly affecting your wallet.
Be smart and as I always say: Dont drink the punch!

http://dontdrinkthepunch.wordpress.com/




I just wanted to share this with you guys.  You might want to visit the blog and read through the comments.  It's amazing to see how many people were defending these douches over a year ago saying they have great intel and are great guys and they're just doing this for us .... yada yada ....  Hopefully some of these people have since wised up. 

You Can't Fix Stupid

You Can't Fix Stupid: The Iraqi Dinar Scam Lives

Jay Adkisson, Contributor

4 comments, 0 called-out

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In the words of popular comedian Ron White, “You can’t fix stupid.” That phrase, as elegant in its simplicity as it is frankly true, applies with special fervor to those who continue to believe that they are about to make millions, billions, or even trillions by investing in Iraqi dinars.

Yes, I know this has been written about before. Fellow Forbes’ contributor John Wasik wrote about this scam last January at http://www.forbes.com/sites/johnwasik/2012/01/19/the-curse-of-saddam-iraqi-dinar-deals/ And even various law enforcement agencies are publicly warning about this scam, such as that of the Washington State Department of Financial Institutions at http://www.dfi.wa.gov/consumers/alerts/iraqi-dinar-scams.htm

Yet this scam continues to persist, and hardly a week goes by that some sucker or another doesn’t call my office to inquire about asset protection planning for the untold riches that he or she is about to receive when the Dinar finally re-valuates by 100 times or more.

Move up http://i.forbesimg.com tMove down

 

 

Of course, they can’t pay my legal fees now for such planning because every last cent is invested in the Dinars. But they can pay me when they finally reap their great reward.

Which is never.

Scams involving the arbitrage of foreign currencies have been around as long as there have been, well, foreign currencies. In the modern age, many pyramid schemes have been disguised as sophisticated “FOREX trading programs” — but in fact, the scammers weren’t doing any trading at all, but simply paying old investors with the money from new investors. Charles Ponzi, the modern Father of such schemes, would be proud.

In fact, FOREX scams became so widespread in the 1990s — playing on the speculation regarding the then-new Euro — that the U.S. Commodities Futures Trading Commission was compelled to put out a great deal of warnings about these scams. This collection is now found at http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/CFTCFraudAdvisories/fraudadv_forex and applies with equal weight to the Dinar scam.

There exists an entire army of FOREX scammers who spend their entire days looking for suckers, which unfortunately include the most vulnerable in our society such as the elderly. For those folks in or nearing retirement whose ordinary investments didn’t quite get them where they needed to be, these scam artists are ready, willing and able to divest them of their remaining wealth with promises of high “risk free” returns trading in FOREX. But that money is just disappearing to banks in Belize or elsewhere.

The FOREX scams didn’t involve any actual purchases of foreign currency, but simply scam artists running utterly bogus “statements” off their printers that showed huge returns, right up until the time that the scammers disappeared. Some of the Dinar scams operate the same way: You don’t actually get any Dinars, but instead just a statement showing that you have Dinars or some sort of phony-baloney “Certificate” of ownership.

But — and this is why the Dinar scam has been largely successful — with the Dinar scam you can actually get the cold hard Dinars if you want them. Yep, suckers around America have their closets and garages full of bales of Dinars, just waiting for that glorious day when they will re-valuate.

Which is never.

To help sell the scam, the scam artists have set up all sorts of websites and bulletin boards and newsletter and social media and you-name-it to try to create the impression that the Dinars are valuable and are about to re-valuate at any moment. I’ve had people tell me that their Dinars are going to re-valuate “within the week” or “by the end of the month”, and they’ve been telling me for years.

All of this reminds me of the “Magic Bean Scheme” which was a pyramid scheme run in my native Oklahoma by some creative scammers. The idea was that you could buy from the scammers a certain type of expensive bean that when left in a jar of water for a couple of weeks would produce valuable “bean juice” that could then be re-sold for a large profit. The key was, according to the scammers, you had to shake the jars every few hours to get the desired result.

Of course, the scammers threw some of their own money in to get the scam started. The first few people made some good money selling their bean juice, and of course they told their friends and family about this new sure-fire way to make a fortune. Soon enough many folks in Oklahoma were brewing “bean juice” in their garages, going out every couple of hours to shake the jars so that the bean juice would form faster. “Honey, it’s 4:00 a.m., and you turn to shake the jars.”

Then, one day after selling enough of the expensive beans, the scammers vamoosed and there were a lot of folks in Oklahoma with closets and garages full of jars of worthless beans and juice in them — turned out the beans were just ordinary navy beans. My guess is that there are still people out there who have never given up on the beans, still turning them, and still expecting that bean juice to result in untold riches.

Ditto for the Dinars, the bales of which some suckers having in their closets and garages, taking up space and waiting for the day when they finally re-valuate.

Which is never.

Unfortunately, a bad thing about human nature is that once folks believe in a story, they refuse to believe they have been scammed. Often they are embarrassed, and figure that to admit they were wrong is worse than simply keeping their useless whatevers in the closet or out in the garage. But others are really, truly convinced that their initial investment was a good one, and no amount of proof or logic can dissuade them.

Even after Charles Ponzi died, some of his followers bought OUIJA boards and tried to channel his dead soul to find out when their utterly worthless investments would become valuable as he promised. Time and time again, I’ve watched as the victims of pyramid schemes continue to believe that they are about to get rich even as the perpetrators went to jail.

For me, after telling these folks they’ve been scammed and hearing their denials, I’ve been betting these folks who call me up to $5,000 in free legal work if the Dinar re-valuates in 30 days, against a gift certificate from a steakhouse. Suffice it to say that I’m going to be in good beef for some time. Which brings me back to Ron White, who is absolutely right: “You can’t fix stupid.“

And that goes for the Dinars, and the idea that they will soon re-valuate, thus leading current investors to great riches.

Which is never.

http://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/