Friday, September 30, 2011

Phoenix from "Gimme Shelter" Revamps


You know him, you love him. You can't live without him. He's the coughing, rambling, pro-RV host of the Blogtalk Radio program "Gimme Shelter" where he offers everything from dinar/GOI/world economics analysis to global disaster warnings to astrology to commentary on the Mayan calendar and doomsday prophecies with even a dash of politics on the side. He's Phoenix, AKA Phoenix3333, AKA Ranger77, AKA the guy who thinks the RV is tied in to some universal vibrations and cosmic realignment or something like that. Read this posting of his from January of 2010 below:

HEADS UP!~

Watch These Days!

The reason all of the intel has been wrong even from high placed sources
is because this situation of the revaluations..and redistribution of wealth
is being coordinated by the observance of celestial events!
Primarily the movements and position of

~VENUS!~

This is all tied together!
The NWO the call for a Global currency,
the call for a GLOBAL religion...and the heralded appearance of a
GLOBAL spiritual leader!
To understand what all of this thread is about
and what I am trying to teach you
Watch this video:

Venus I am your control.
http://www.youtube.com/watch?v=woPH3cLJMQk

Celestial Time line and Sacred Geometry of the Golden Ratio: 1-1.618

I am pointing out near time events marked by the movements and positions of Venus based on a time line starting with the start of the Iraq War March 20th 2003 and ending on December 21, 2012. The Mayan Calender End Date

March 20th. : Spring Equinox the length of night and day are equal (Duality)

March 24th: Venus appears as both the morning and Evening Star. (Duality) :

http://www.earthsky.org/skywatching/venus-appears-as-both-morning-and-evening-star

March 26th. : The completion of the 11 day mission of STS 119 completing the 911-119 (Duality event) 911119 on the New Moon.

March 27th: Venus becomes the Morning Star. (Inferior Conjunction)

http://britastro.org/baa/images/stories/skynotes/2009_feb_sky_notes.pdf

March 29th : Earth, Venus and Mercury alignment.

March 30th-31st.: The Phi Point (Golden Ratio) between the start of the Gulf War and on March 20th 2003 and December 21st 2012 (The Mayan Calender End Date)

http://www.goroadachi.com/etemenanki/

Watch all of these days.

BUT the highest chance of the observance of a "Ritualistic" type of event for the RV is anytime PAST the 26th/27th events....and into the 30th/31st.

So watch for major action within the "Ritualistic Hot Zone" which is from March 26th - March 31st.

As it is above...so it is below.

3333 coming up

Stand By

Ranger 77


Well anyway, Phoenix has said for some time now that he will keep broadcasting nightly until the RV, at which time he will begin broadcasting only one night a week. So this week out of the blue he announces that he is going to one night a week next week, but he doesn't say anything about an RV prompting the change. So now his followers are left to wonder is he saying there will be an RV this weekend, or is he just scaling back a bit earlier than he had planned, or is his voice giving out, or is he giving up on the RV or what? Phoenix has a history of saying "it's done folks ... goodbye!" and riding off into the sunset only to reappear some time later and resume his RV discussion as though nothing had happened (which in fact is the case because nothing did happen, except that he forfeited a bit of credibility). Phoenix' broadcast is the #1 Blogtalk program, and there's no secret as to why. It's not the New World Order stuff or his comments about the alignment of the planets or Elenin or anything like that. It's the fact that he talks about the impending revaluation of the Iraqi dinar. That's what draws in the listeners by the thousands night after night. And now apparently he's going to practically drop his dinar discussion from the program, so it will be interesting to see how many people tune in to hear him talk about chem trails and underground bunkers.

For this uninitiated, here's an example of Phoenix' dinar talk from September of 2009:

Ok…so here we are.

There is a large amount of intel and supporting news that has been gathered and shared on the chats, postings and e-mails from various forums.

All of this points to a revaluation of the Iraqi Dinar and other currencies to happen soon.

This is an event that has been in the works for many decades and is being coordinated on a global level as we all know and the supporting data of same is easy to find on most forums or by the simple use of a standard Internet search engine.

I will use this brief e-mail to summarize and clarify the current situation as it relates to currently available intel, info and data as cross referenced with intel we had received in the spring of this year as a base reference.

I will be doing this because it has become evident to those who were made aware of this information earlier this year by a former contact who had shared information with us that we now seem to be seeing this information being replicated and verified by other research teams working independently.

Recap from spring of this year:

1. We were told there will be two rates.
One rate is to be a higher rate that will not be seen by the public and will only be used as a government to government rate.

This higher government rate had been set up by the IMF and World Bank as a means of settlement of outstanding international issues between Iraq and the debtor nations.

This was being done as part of the International Compact with Iraq. The I.C.I. This higher government “book” rate was to never be seen by the public and will never be used outside of its specific parameters of use as per designated by the IMF, the World Bank and the International Compact with Iraq.

The higher non-public government rate we were told at that time was planned to be $3.86 The second rate we were told is the lower “public” rate. This rate we were told would be higher than a Dollar, lower than the Pound and at or near the Euro.

The current rate of the Euro is $1.47

2. We were told there would be a limited time to exchange the Iraqi Dinar.

We were told that this time which will be made known some time after the rate change would be no longer than 45 days.

Now….here is where I would like to give some clarity to some of the current information we have been hearing.

There was word that the U.S. Treasury would be taking something “off of the top” of the Iraqi Dinar exchange.

Well that is some what true…but how that will happen is (as we were told in the spring) by the existence of the two separate rates….the higher government rate and the lower public rate. So YES the US Treasury will get more…..but not in the way most have feared.

They (the US Treasury) will receive more by the use of the higher government rate….not by taking anything from you, but by ADDING to the book value of the Iraqi Dinar as prearranged by the ICI, IMF and WTO.

So nothing will be taken from you!

BUT value will be ADDED to the Iraqi Dinar when the U.S. Treasury and the governments of the world take possession of the IQD from the banks.

So nothing is taken off of the top. BUT The value of the Dinar is MORE when used by authorized governments.

Now as an example this is how this will work and how everyone including Iraq will benefit from this.

I will use the rate of $1.00 (one dollar) as an example to explain this….remember that rate is only an example.

Example:

1. Lets say the Iraqi Dinar revalues at a rate of $1.

2. Everyone goes to the bank and exchanges their dinar and opens accounts and the banks are flush with thousands of brand new multi-millionaires.

3. The bank then turns over all of the exchanged Iraqi Dinar to the U.S. Treasury who gives the banks a higher commercial rate. As an example I will say the U.S. Treasury gives the banks $1.50 for every IQD so the banks now have just made .50 pure profit from every single dinar exchanged with the U.S. Treasury.

4. As soon as the U.S. Treasury has possession of the Iraqi Dinar it is instantly listed on the books at the higher “government rate” of $3.86 so the U.S. Government and all the governments of the world will make more than 100% pure profit instantly!

Also all of the existing Iraqi Dinar that is held by the governments at the time of the revaluation will make the bottom lines of all the nations soar!

So just as your financial bottom line will change from the RV so will the US Government’s as well as other governments world wide!
So YOU make money…the BANKS make money….AND the US Government makes money!

Now…as most know…it has been arranged by the IMF and the ICI that the Iraqi Dinar held by the nations only be returned to to Iraqi in a very controlled manner.

Now this had been set up before hand by the ICI and IMF but as many may know this just became an serious issue when China threatened to do otherwise and that would have been a very destabilizing act upon Iraq’s economy.

So deals have been struck to prevent this from happening and the assurances from the nations who hold Iraqi Dinar had to be solidified to insure that the return of the Iraqi Dinar to Iraq by the nations who hold IQD would be done so in a very metered and controlled fashion.

This info about the “China situation” as most know has been provided by the team at DV and if you want those details contact a DV or DS member for the details.

So how does Iraq benefit from all of this you ask? Well besides the obvious positive points that the revaluation will bring to the Iraqi people and government there are also hidden aspects to this “two tier rate” that help Iraq.

First I would like to point out that Iraq is a nation…a nation who has as its primary products and exports oil and natural gas.

Iraq is NOT in the currency exchange business.

When the Iraqi Dinars that are held by the U.S. Treasury and other governments return to Iraq they will be used
to buy oil and natural gas…..so there is no exchange of currency.

AND the benefit to the US and the other nations is that this high government to government rate will in essence enable the US Government to buy Iraqi oil at a great pre set discount!

That is because the Iraqi Dinar that will be used by our government to purchase oil and gas from Iraq will have been secured from the banks for less than half the value!

ALSO! What this has done for Iraq by doing this is in this manner is Iraq now has GUARANTEED customers for all of it Oil and Gas!

So all of the governments who will soon be holding all of these Iraqi Dinars have a very real incentive to hold on to all of the IQD they can get…for in doing so they are assured of the discounted purchase of oil and natural gas in the future.

So EVERYONE benefits!

YOU become rich!

The Banks become flush with brand new millionaires!

The US economy soars!

The banks make BILLIONS from the exchange to the US Treasury.

The US Treasury makes TRILLIONS of dollars instantly!

The US Government is guaranteed decades of discounted oil and natural gas products by the use of the Iraqi dinar to purchase oil from Iraq.

The nation of Iraq is guaranteed customers for their oil for decades!

This is a classic win win situation.

And that is how this works to the benefit of all…you…the banks…the US Government and the nation of Iraq.

Got it?

So we have collaborating intel and great news.

All looks great and I expect this to happen at anytime.

Date and rate classified.

Hope for the best.

Best of luck to all.

Phoenix


So now you have a clearer picture of what Phoenix is all about. He has this strong belief that there's a secret plan to revamp the world's economy via the revaluation of the Iraqi dinar, and everybody wins!

So EVERYONE benefits! YOU become rich!
The Banks become flush with brand new millionaires!
The US economy soars!
The banks make BILLIONS from the exchange to the US Treasury.
The US Treasury makes TRILLIONS of dollars instantly!
The US Government is guaranteed decades of discounted oil and natural gas products by the use of the Iraqi dinar to purchase oil from Iraq.
The nation of Iraq is guaranteed customers for their oil for decades!


There's just one problem here. With millions of people owning millions of dinar an RV of $1 would mean a payout in the trillions of dollars. Who's going to pay for that? Iraq? They don't have the money. And even if they did have it, why would they do that? To reward us for liberating them from Saddam? I don't think so, Tim. Some of them are demanding US reparations for the war, and most of them are resentful of Americans in their country. And if you buy into the idea that the money comes to investors from the US Treasury who will then recoup that money from Iraq in the form of oil credits, you still have to ask yourself why Iraq would obligate themselves to offer trillions in oil credits which will take decades to honor? Anyone? Anyone? Bueller?

Now I'm sure that Phoenix is a nice guy. And he's obviously intelligent. But come on, people. He's a bit of a loon, wouldn't you say? There's no "plan" unfolding. No global reboot in the works. No ingenious oil deals. This is just a slow, messy, painful process of rebuilding a country devastated by decades of war and tyranny and trying to point them in the direction of democracy. And that process takes time. Lots and lots of time. So if you're invested in the dinar you might as well look at this as you would real estate speculation or a retirement account. Plan on leaving it alone for a few years before you realize any profits. You'll sleep easier if you do, I promise. Especially if you don't listen to Phoenix' broadcast right before bedtime.

Wednesday, September 28, 2011

"Learning Markets" Videos on the Iraqi Dinar

http://www.learningmarkets.com/the-iraqi-dinar-scam is one of the best sites I've found for learning how currencies are valued, revalued, re-denominated, re-monetized .... etc.  The usage of the word "scam" is only in reference to the hype surrounding what the future value will be.  Something that has always bothered me about the dinar investment is the lack of recommendations from investment professionals.  After listening to John Jagerson I think I know why that is.  Here's his background:

"I have worked in the capital markets and private equity for most of my career—including investing, writing, education and money management.

Currently I am a co-founder of LearningMarkets.com a free source for videos, education and commentary on the stock, options and forex markets. Before Learning Markets I was a vice president for thinkorswim Group, Inc. (SWIM).

My B.S. is in Business Administration from Utah Valley University and I completed the PLD at Harvard Business School in 2006.

I was one of the coauthors of the book Profiting with Forex published in 2006 by McGraw Hill and have been the featured trader in BusinessWeek’s Stock Trader newsletter. My thoughts on the markets are regularly featured on www.learningmarkets.com."


John talks about the dinar dealers and the true risks involved in owning dinar on his website.  Everybody who has read what any guru or dinar dealer has had to say about the dinar needs to give equal time to people who are educated about and earn their livings analyzing investments. I'm not saying that he's right about everything, but he clearly has a wealth of knowledge and experience to draw from unlike most of the gurus and pumpers.  Something he pointed out that we don't hear from the pumpers is that a growing economy, as we presume will be the case with Iraq, doesn't necessarily mean you will have a currency with an increasing value.  The US dollar has lost purchasing power through the decades even when our economy was growing.  Such is the case with most currencies.  It's flawed thinking to assume that the dinar will automatically increase in value as their economy grows.  Time for dinar investors/speculators to get educated somewhere other than the dinar forums.   

        



Tuesday, September 27, 2011

The Douchies

Every week we award a Douchie to the douchebag whose dinar related post, chat session, conference call statement, or behavior in general surpasses all others in douchebaggery. 
__________________________________________________________


Aug. 12-18 Winners - Eagle 1 & Straight-Talking Mike
Aug. 5-11 Winner - BGG
July 29 - Aug. 4 Winner  - Frank Villa
July 22-28 Winner - WangDang
July 15-21 Winner - Frank Villa
July 8-14 Winner - Adam "Wolfyman" Montana
July 1-7 Winner - Studley
June 24-30 Winners - Gatekeepers, Breitling, Dan & Tony (PTR)
June 17-23 Winner - HammeredMan
June 10-16 Winner - Tony "TonyTNT" Renfrow
June 3-9 Winner - Tony "Breitling" Elder/Roger "Dinar Daddy" Dorman
May 27 - June 2 Winner - Hammerman
May 20-26 Winner - Blaino
May 13-19 Winner - Roger Dorman
May 6-12 Winner - Freeway Bill
April 29 - May 5 Winner - Soonerfan62
April 22-28 Winner - BH Group
April 15-21 Winner - Delta
April 8-14 Winner - Enorrste
April 1-7 Winners - Adam Montana/Randy Koonce
March 25-31 Winner - Bluwolf
March 18-24 Winner - IQD Team
March 11-17 Winner - Steve Gibbons
March 4-10 Winner - Kaperoni
Feb. 27 - March 4 Winner - footforward
Feb. 19-26 Winner - Friends of Brad Huebner
Feb. 12-18 Winner - Cap1
Feb. 5-11 Winners - Okie Oilman & Bulldog75
Jan. 29-Feb. 4 Winners - Okie Oilman & Bulldog75
Jan. 22-28 Winner - Nobody
Jan. 15-21 Winner - Freeway Bill
Jan. 8-14 Winner - Bulldog75
2011 Douchebag of the Year - Dan "Checkmate" Atkinson
Jan. 1-7 Winner - Adam Montana
Dec. 25-31 Winner - purplehelmet300
Dec. 18-24 Winner - Eagle Has Landed, Dinar Wishes, and Jonnywg
Dec. 11-17 Winner - TerryK
Dec. 4-10 Winners - Hammerman, BobGetz, Footforward, Henry (Not his real name)
Nov. 27-Dec. 3 Winner - Breitling
Nov. 20-26 Winner - Kaperoni
Nov. 13-19 Winner - Dan "Checkmate" Atkinson
Nov. 6-12 Winner - Phoenix
Oct. 30 - Nov. 5 Winners - TonyTNT & jonnywg
Oct. 23-29, 2011 Winner -Breitling
Oct. 16-22, 2011 Winner - Adam Montana
Oct. 9-15, 2011 Winner - Roger Dorman
Oct. 2-8, 2011 Winner - Jonnywg

Sept. 25 - Oct. 1, 2011 Winner - Roger Dorman (Dinar Daddy)

9/29/11

All,
I keep getting emails about the Rumors and Doozies sections of my site.  I’m posting this to ONCE AGAIN to share what I feel about them and why I allow those posts onto this site.  Here are my thoughts about all that… ONCE AGAIN…
  1. I do NOT believe ANYTHING that is posted within theRumors and the Doozies sections of my site.
  2. I do NOT believe even some of the posters believe their own words.
  3. I post the claims I place within those sections on the site to ensure everyone can have a check and balance against the information posted on other sites.  If I didn’t do that, so many would be lead astray by those who would go unchecked on their private sites.  Because EVERYONE following the Dinar always checks what they’ve read on Dinar Daddy’s Tidbits, I know even the false information shared in those posts will help many “keep it real”.
  4. Many have claimed they really like reading those posts and that their information is entertaining.  As such, I’ve allowed the information because far more have requested it stay than those who’ve asked that I take it off.
  5. Please understand that I personally am DISCREDITING THE INFO when it is placed in those sections.  It’s an absolute INSULT to the posters and their sites when the information is shared in those sections.  It serves a purpose.
  6. I do not respect those who CONTINUALLY post information that declares “ALL IS DONE”… “THE PLANE HAS LANDED”… or otherwise. They are blatantly misleading people who are hopeful, downtrodden, and desperate in their hope a windfall will come their way.
You're blatantly misleading people too, Daddy-o.  You don't believe these rumors, and you know that the people who post them don't believe them.  In other words you are knowingly allowing deliberate lies to be posted on your site.  Why?  You had no problem disallowing comments to the posts last year.  Why can't you put an end to the rumors?  Could it be that the rumors are what drives traffic to your site?  Could it be that you're afraid of taking a hit in the wallet if you get rid of the BS rumors?  Could it be that you're a total douchebag?


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Sept. 18-24, 2011 Winner - Okie Oilman

9/23/11 ... I AM SURE BY NOW EVERYONE KNOWS THE CONTENT OF TALIBANI’S SPEECH TO THE UN WHICH WAS THE PREREQUISITE TO THE SPEECH SHABBI WILL GIVE BEFORE THE WORLD BANK TOMMOROW AFTERNOON. THEY ARE OUT FROM UNDER CHAPTER 7 AND NOW ARE OFFICIALLY SOVERIGN THEY ARE NOW FREE TO R/V AT ANY TIME. THE DELAY FROM YESTERDAY WAS ONLY NECESSARY DOCUMENTATION REQUIREMENTS. THERE ARE NO DELAYS AND ONLY THE ACTIVATION IS TO BE INITIATED. REMEMBER SHABBI LAST WEEK STATING THIS WAS TO BE DONE PRIOR TO OCT 1. THE CONTRACTORS IN IRAQ ARE NOW BEING TOLD THAT THEY WOULD BE PAID IN DINAR ONLY AND THE USE OF THE US DOLLAR WOULD BE UNLAWFUL IN THE FUTURE. TALIBANI STATED THE AVERAGE INCOME OF THE IRAQI CITIZEN WOULD BE INCREASED FOURFOLD IN THE FUTURE. THEY (IRAQ) ARE NOW WORKING ON THE 2012 BUDGET MEANING THE 2011 BUDGET HAS BEEN RELEASED. THE INTEL RECEIVED TODAY WOULD FILL A LARGE BOOK AND IS ONLY POINTING TO THE POSITIVE FACT OF WHERE WE ARE NOW. EVERYTHING IS POINTING TO THE IMMENENCE OF THIS HAPPENING AND THE RATE QUOTED THIS MORNING WAS GREAT. I WILL NOT ACCEPT ANY QUESTIONS—EVERYTHING HAS BEEN ACCOMPOLISHED FINALLY. JUST WAIT FOR THE ACTIVATION PATIENTLY AS IT WILL COME VERY SHORTLY.

First of all they are not completely out from under Chapter 7.  Second, Shabibi did not say that this would be done prior to Oct. 1.  Third, contractors will not be paid in dinar and fourth, the US dollar will not be unlawful.  A 400% fabrication.  Very impressive, douchebag!

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Sept. 11-18, 2011 (Tie) Winners - Seeker & Bear5642

9-13-2011  Seeker - I’m hearing from reliable sources the dinar will start tonight on the Hong Kong forex  mkt @ 7.37 and work its way from east to west. the rate is not guaranteed until it makes it thru to the US in the  morning

$7.37??!!???  What are you smoking dude?  Or did you mean 7:37 PM?  Either way it didn't happen so your sources aren't very reliable.  Douchebag!!!


9-13-2011 Bear5642 - I HAVE A CLASSIFIED DOCUMENT…AND I HAVE INFORMATION IN THIS DOCUMENT THAT EXPLAINS IN ITS ENTIRITY THE WORLD GLOBAL CURRENCY RESTRUCTURE ABOUT TO TAKE PLACE AND LET ME SAY THIS IT ACTUALLY HAS DEADLINE FOR THIS TO HAPPEN: SEPTEMBER 15TH 2011

Well Sept. 15 came and went with no global currency restructure so your document lied.  Classified document my arse!  And I've got an autographed photo of Leonardo DaVinci.  Douchebag!

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Sept.  4-10, 2011 Winner - Georgiaboy

9-8-2011 Just got awesome news!! The rate will show today is 2 to 6 hours from now. Not intel, market fact!! No bashing please, just be with it.  I’m hearing 6.48, pretty good source…

Yeah, right.  And I'm hearing that Hugh Hefner has a guest room waiting for me at the Playboy Mansion.  Douchebag! 


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Aug. 28 - Sept. 3, 2011 Winner - Okie Oil Man

8-31-2011 [hackenburg] ..OKIE OIL MAN ……………. GM….. sure could use some good news, before I leave for work this morning (west coast i am)
[..OKIE OIL MAN] HACKENBURG–QUIT YOUR JOB
[..OKIE OIL MAN] EVERYONE NEEDS TO BE PERMITTED TO SPEAK THEIR JOYFUL VOICE
TODAY
[cincybeliever] ..OKIE OIL MAN Is this storm still a category 3.68?
[hawaii] Okie oil man I quit mine last tuesday
[..OKIE OIL MAN] CINCY—YEP
[..OKIE OIL MAN] LETS GO SLOW AS TO NOT CRASH THE SERVER
AGAIN–THERE ARE SO VERY MANY OF US NOW
[..OKIE OIL MAN] I STARTED TO POST LAST NIGHT BUT FIGURED A GOOD NIGHT’S SLEEP WOULD SERVE YOU MUCH BETTER
[..OKIE OIL MAN] THE CAKE WAS ICED LAST NIGHT
[..OKIE OIL MAN] IT IS GOING TO BE A COUPLE MORE DAYS BEFORE YOU CAN SLICE YOUR PIECE OF THE CAKE

Quit your job???  WTF?  With your dismal record of calling the RV?  You're batting a big, fat goose egg Smokie and here you are telling somebody to quit their job?  In this economy where 10% are unemployed?  A Double Douchie for you, douchebag!!!


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Aug. 21-27, 2011 Winner - omnigirl (Nice to have a female winner in this male dominated competition, however it could just be some male douchebag using a female's ID so who knows?)

8/24/11 [omnigirl] ……………………….EVERYONE GET THEIR DANCING SHOES ON…. I HAVE MINE… NOW I JUST NEED A NEW PAIR OF DECK SHOES.. AND I AM READY FOR A PARTY ON THE YACHT!……………..
[omnigirl] ……………………………….. OH IT IS A DONE DEAL…….WE HAVE RV…….. THE SCREENS WILL BE UPDATED LATER TODAY… WAS WHAT I WAS TOLD………..MEAN TIME CHILL.. OR WORK ON YOUR AFTER RV PLANS….. CAUSE BABY….. IT IS NOW AFTER THE FACT!……AND THAT IS A FACT!……….
[omnigirl] ………………………I AM TOLD WE SHOULD SEE IT ON THE SCREENS THIS AFTERNOON……AND NO… MY SOURCE IS NOT OKIE’S SOURCE……… BUT WE DO SHARE INFO……. AND IT IS CONFIRMING FOR US… THAT IT IS DONE!

No dancing shoes for me.  How about a steel toed boot up your backside, douchebag?  There was no RV this week and whoever your source is (if you even have a source) doesn't know what the flip he's talking about. 

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Aug. 14-20, 2011 Winner - bear5642

8/19/11 [bear5642] OK HERE IS THE BANK STORY THIS HAPPENED TODAY AND WHEN I TELL YOU I KNOW THIS PERSON VERY WELL AND A MONTH AGO SHE WENT TO A LARGE BANK IN NEW ORLEANS TO SPEAK TO SOMEONE IN THE INVESTMENTS DEPARTMENT ABOUT AN INVESTMENT THAT WOULD BE MATURING VERY SOON. THEY TOLD HER THAT WHEN IT HAPPENED TO COME BACK IN AND THEY WOULD SIT DOWN WITH HER TO GET MORE DETAILS AND SECURE HER INVESTMENT FOR THE FUTURE. TODAY THE BANK CALLED HER AN ASKED IF HER INVESTMENT HAD MATURED YET? SHE RESPONDED NO IT HASN’T AND SHE DID EXPECT IT TO HAPPEN SOON. THE PERSON AT THE BANK SAID, “BY ANY CHANCE DOES YOUR INVESTMENT HAVE ANYTHING TO WITH THE IRAQI DINARS. HER RESPONSE WAS YES, WHY DO YOU ASK, THEY RESPONDED THEN I GUESS WE WILL BE SEEING NEXT THURSDAY THE 25TH AND SHE WOULD BE HAPPY TO COME IN THEN.
[bear5642] OK THE PERSON I TOLD ABOUT WITH BANK ASKING HER IF HER INVESTMENT HAD TO DO WITH IQD JUST CALLED HER AT 4:45 PM AND TOLD HER THAT HER INVESTMENT IQD JUST POPPED ON THE SCREEN THERE AND THEY ARE NOW WAITING FOR THE RATE

So frickin tired of these !@!#!n bank rumors.  There was no RV on the 25th.  Nobody told your friend anything.  Nothing showed up on any screen.  This is all BS and you know it, douchebag!





IRS Raids BH Group

This story ran on July 27, 2011 on the website of the ABC affiliate WTVG in Toledo, Ohio.  This photo of the building looks a lot like the building on the BH Group website (right).   This caused a lot of speculation that it was indeed the BH Group that was shut down.  The second story ran in the Toledo Blade and it specifically stated that the BH Group was located in that building.  Eventually they acknowledged that they had IRS issues and had to suspend dinar sales.  It's unclear if the FBI was actually involved. 



TOLEDO, Ohio (WTVG) -- FBI agents raided a business in downtown near Fifth Third Field.

The business isin the upper level of a building that borders Fifth Third Field above Frickers. Again, the place was upstairs from the restaurant, and not connected to the business.

Around 12:30, we spotted FBI agents' vehicles. According to a source, they were inside the second-floor office of Commercial Energy Products. We're also told the raid may have been issued by the IRS.

So far, we have nothing confirmed. As of 5:00pm Wednesday, we're still waiting to hear from the FBI.

We'll bring you details as they become available.


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IRS raids downtown Toledo business

BLADE STAFF

The IRS raided a downtown Toledo business Wednesday morning.

Craig Casserly, spokesman for the IRS criminal investigation unit, could not comment on what businesses was raided in the 19 N. St. Clair St. building because legal documents were sealed in federal court. He expected the documents would be sealed for “quite awhile.”

He said agents were there on “official business” and that he believed the IRS was the only agency at the building.

A woman who works at Fricker’s Restaurant, which is in the same building where the raid took place, said the IRS came in about 10:30 a.m. but did not know which business was raided.

The building is home to several businesses, including Fricker’s; Milewski, Smith, and Tschantz; Commercial Energy Products; The B. H. G roup, and Fracture Design.

The door to the offices was locked Wednesday evening and a special code is needed to access the elevator. There is a buzzer next to the elevator to call the different agencies, but no one answered.

The Lucas County Auditor’s Web site lists three different owners, including Right Field LLC, Lucas County Commissioners, and John M. Wilson and Arlene Singer.

Sunday, September 25, 2011

Links to Good Dinar Sites

http://dontdrinkthepunch.wordpress.com - This guy is as anti-pumper as I am.

http://www.quatloos.com/Q-Forum/viewtopic.php?f=6&t=7455 - Quatloos site dedicated to exposing scams and frauds.

http://www.bondladyscorner.com - A forum that sticks to news and news analysis with no rate and date hype.

http://www.currencychatter.com - An excellent forum. Long on cataloging of rumors and news articles but short on hype.

http://dinardater.invisionzone.com - A non-revenue generating dinar forum dedicated to gaining a true understanding of what's really going on with this investment.

http://www.dinardiscussions.com - Another good BS free dinar forum started by disgruntled DV members 

http://www.americancontractor.com - News from Iraq with no hype or BS.

http://peoplesdinarisajoke.com - The title is a hoot, but there's actually some good information here too.

http://www.dinarguru.com - A great site to review the babbling and BS of various "gurus".

http://www.ravalue.us - Another good dinar site offering intelligent analysis.

http://www.iraqidinarmoney.com - Great site to get information on dinar dealers.

http://emerginggeos.blogspot.com - Scooter's blog.

http://bvawe.wordpress.com - Marcus Curtis' blog.

http://thecurrencynewshound.com - Good dinar news site.  Posts by Just Hopin and groovgal.

http://www.learningmarkets.com/the-iraqi-dinar-scam - Don't let the word "scam" throw you.  This is an excellent site for learning about currency valuation and re-denomination.

http://bizcovering.com/investing/the-iraqi-dinar-scam - I've included this link because of all of the good basic information on investing in the dinar, but there's also a lot of great discussion going on in the comments part.

http://dinargurubuster.blogspot.com - I get a kick out of this site.  It's basically just a review of the pumper lies.

Dinar Researchers/Analysts

Despite all of the douchebags who talk about the dinar there are several people whose motives I've never questioned since to my knowledge they have never taken any money for their analysis.  I may not always agree with their conclusions but I can at least respect their efforts.  In no particular order they are
  1. Scooter - A software business owner in the Phoenix area who began posting about the dinar after seeing how the douchebags were misleading people about this investment.  Unfortunately he got a little too close to some of them and when his name began to be linked to the BH Group he was advised to lay low.  He is posting again on his blog but it's mostly about emerging economies around the world other than just the dinar. 
  2. Randy Koonce - A good old west Texas boy, Randy claims to have contacts in the "ole bidness" (oil business) who feed him intel about the RV from Iraq.  He has never been caught up in rumors or conspiracy theories.  He just sticks with what he knows about the process within the GOI and the CBI. Randy's catch phrase is "good question, next question".  6/7/12 UPDATE!!!  4/10/13 - Randy has been reclassified as a pumper after three years of flawed intel and bad analysis and aligning himself with a dinar dealer.
  3. Marcus Curtis - Marcus is a guitar-playing airline employee who learned about the dinar and then started telling his family members and friends about it.  When he got tired of them contacting him with questions he started a blog, and his research was soon copied and pasted all over the dinar world.  Despite getting hundreds of hits a day on his blog he refused to run any ads or accept any payment as he didn't want his motives brought into question.  6/7/12 UPDATE!!! Marcus has sold his dinar and concluded that this is in fact a scam. 
  4. American Contractor - I don't know anything about this guy except that what he says seems very down to earth and that he has never promoted rumors or hyped the dinar.  There are no ads on his site and there's no fee to join.     
  5. Enoch8 - Another resident of Arizona, Enoch8 has a reputation for offering excellent analysis of the economics in this investment.  He can be prone to conspiracy theories at times, but he doesn't get caught up in pumper BS.
  6. Highlander - A woman who seems to have a great grasp of the economics, law, politics, and geo-political aspect of this investment.    
  7. Dr J. - A chiropractor/forex trader whose source is a buddy from college who works on Wall St..  He's kind of a one-trick pony in that his assertion is that there will be no RV until late 2012 and China is the holdup.  According to the good doctor, the dinar should RV around the value of the euro.  So far he hasn't been proven wrong.
  8. Chuckles - Owner of Dinar Dater.  Chuckles is an IT guy who got banned from a couple of dinar forums for asking hard questions and decided to start his own forum where people can honestly discuss the dinar.   








.


    Enorrste Posts with Responses

    Steve "Enorrste" Norris from the GET Team is without a doubt the biggest windbag in the land of dinar.  I've never read such rambling, pointless posts on an investment in my life.  It wouldn't be so bad if he could at least get his facts right, but as you will see he has trouble in this area.  Unfortunately many are taken in by his seeming command of the facts and his fanciful writing style.  There are a few good dinar investors out there fortunately, who have spotted the BS in his posts and called him on it.  See below.  

    9/1/10

    Now, if you will bear with me again, I’d like to take you on a fairly short history trip through America in order to make a significant point, hopefully, before I move back to Iraq and try to show you how the events unfolding today in Iraq are eerily similar to the recent history in America.
    I’d like to title this part of my essay as follows: The Ends Justify the Means
    I will start 50 years ago this year with the election of Jack Kennedy. As some of you may know, Jack was hardly known prior to his running for president. However his father was well known as a wealthy man in Massachusetts. His wealth was generated through the benefice of the most powerful man in America at the time, Sam Giancana, a mobster in Chicago.
    Sam decided that it was important for him to have “his man” in the White House, so he told Joe Kennedy that he would make his son Jack the next president. Naturally Joe was pleased and accepted the offer without realizing what he was doing.
    Incidentally, at the same time Sam Giancana promised the presidency to another of his protégé’s, namely Richard Nixon.
    During the first primary in West Virginia Sam had his cronies voting under dead person’s names all day long. Not surprisingly Jack Kennedy one that primary and all of a sudden his name was in the news.
    Now we skip to the actual election night in Chicago, where Jack Kennedy finally was declared the victor. Dead people voted all day in Dade county, the home of Chicago and of Sam Giancana, incidentally. It was in Dade County that the election was finally determined, again not surprisingly.
    So we see here that the ends apparently justified the means. We ended up with our greatest icon for president, and only a little corruption occurred and only a few laws were broken.
    Richard Nixon threatened to sue, naturally, knowing as he did what Sam was doing. Sam called him into his office and gave Nixon this simple yet true statement: “I told you I would make you President; I did not tell you when I would do it!”
    Of course when Sam became disenchanted with the level of cooperation from the Kennedys, he took matters into his own hands. But that is history.
    Moving on to Nixon now, we see how he clearly understood the idea of he ends justifying the means. This man was well on his way to having a landslide victory for his second term. But that wasn’t good enough for him. He wanted assurance that he would win. The result was a small burglary that came to be known as the Watergate Affair.
    Now Nixon got caught, so you might well ask, “Did the ends justify the means?”
    Well, surprisingly, they did, because even though his small illegal dealings were revealed, and even though he resigned in disgrace, today he is seen as one of the greatest Presidents of the last century. After all, his indiscretions were only minor, right?
    Speaking of indiscretions, let’s now move up to Bill Clinton. As you all know he had his little picadillos in office. That would not have concerned me. Actually nothing illegal occurred. Immoral, maybe, but not illegal. Until he was impeached, however. You see at his impeachment trial he perjured himself, which is illegal.
    Yet what happened? He was declared not guilty, my friends. He got away with it. So here we see that it is not only OK for the ends to justify the means, but that you can also get away with it! After all, it was only a small illegality, right?
    I could easily talk about the Kerry/Bush election or the Gore/Bush election and make the same point I’m making here. But I will cut to the chase, as it were.
    Now we move briefly to our current President. I am not speaking politically here. I’ve referenced no party thus far, only individuals. This isn’t about policy.
    The current president just happened to grow up in Chicago, the same place that the “dirty tricks” started from 50 years ago. He was clearly taught some of those tricks and used them effectively to get himself elected. Only after he was in office was it shown that gross voter registration fraud had occurred in the Acorn organization that he was intimately connected with. However, he got the job, right? So a small illegality was justified because the ends got him into office. While I won’t dwell on it, his place of birth is also a concern, and anyone who has done his homework on this will know that he is not a naturalized citizen. Once again, it’s just a small indiscretion, right? Incidentally, this item may come to bite him. The issue is about to be heard at the Supreme Court level.
    Realizing his success at this new form of democracy, he applied it again and again. His best use was to “deem” a bill passed. Not legal, but it worked. In short, the ends justified the means, at least from his point of view.
    Our history lesson is almost over. What have we learned, and what has it taught the entire world? Here is the answer. Instead of having a true democracy in America we need only have he appearance of a democracy in America. After that, the government can effectively do whatever it wants, AND get away with it.
    Now, just before we return to Iraq, let’s go to Jackson Hole, Wyoming, and see if we can’t pull this whole thing together.
    As you all know, in Jackson Hole the Federal Reserve held its annual meeting on the American economy. This is a normal event and we shouldn’t be surprised to see it occur. However, something a bit different happened at this meeting.
    We would normally expect Bernanke to be there because he’s over the Fed. But Geitner was also there, and he’s in Treasury, which is only tangentially related to the Fed. But who else was there? Yes, Mr. Shabibi, the head of the CBI. Why would that be the case? And even more to the point, why would representatives of the United Nations and the International Monetary Fund be there as well?
    This is where the ends will be shown to justify the means.
    From here on I am presenting my opinion, based upon the known facts. If I’m wrong, so be it. But I believe you will almost all agree with my conclusions when I’m done, so let’s proceed.
    It seems clear to me that the entire economic world is in serious trouble and that there is now only one way to resolve the financial crisis. That solution just happens to be the reinstatement of the Iraqi dinar to its early 1980s level of $3.33 or thereabouts. I’ve discussed here many times how it will “reboot” the world’s economy, as TK likes to use the term. It is an excellent term for what will occur, in my opinion. Therefore we need not dwell on that any more.
    But clearly also there is a serious problem in getting this RI done. We are not the only ones frustrated with the interminable delays of the Iraqi government, or rather the lack of one, in just DOING IT!
    Now here is where, in my opinion, a small illegality will be shown to be the “means” that will justify the ends. I want you to pay close attention in particular to a key player from yesterday.
    Let’s just assume that we are in Jackson Hole and that we are privy to the conversations between these key players. Can’t you just hear them? “What the heck are they doing over there? Don’t they know how badly we need this RI to happen? How much longer can we wait for them to get their act together? What are we going to do?”
    Then you might hear Mr. Geitner say something. Remember, he is a buddy of our current President and knows about “dirty tricks”. Let’s see if we can listen in to his conversation and his “solution” to the Iraqi problem.
    “Listen, guys,” he says, “I think I have an idea. It seems pretty clear that there really is no government in Iraq now, right? And it certainly isn’t clear that they are making significant progress in getting one formed, right? And Maliki is being a real prick with his obstinance, right? So here’s my plan.”
    Of course the listeners are all ears, but they can hardly believe what they next hear. However, when they hear it, and they think back over the last 50 years in American political history, it only makes sense. The question is: can they get away with it? Oh, we got that answer from Bill Clinton and Barack Obama! Of course they can!
    Geitner continues: “Here’s what we do. We have Barack announce to the world that Iraq is now sovereign, right? Then he states clearly and unequivocally that Maliki is the NEW prime minister of the caretaker government! Now, this is technically totally illegal, right, but what if we get away with it? We tell Maliki up front, through Biden, that this is his last chance to come through, or else. He’s a player, so he’ll cooperate. We tell him Barack will back him 100% as the NEW prime minister of the caretaker government. Of course it’s all out of thin air and illegal, but Barack can pull it off. He’s good at this stuff. No one will be the wiser. Oh, here’s something else. We’ll even have Barack say hint as the new Prime Minister Maliki can do whatever he wants, now that his country sovereign. This will get us around the whole Chapter 7 thing and the UN and the IMF, right?”
    So what happened? Everyone buys into the deal. After all, it’s just a little bit illegal, right? And the ends, in this case the RI, are definitely justified by the means, right?
    And besides, we all know that democracy itself isn’t important, right? It’s the appearance of democracy that matters, right?
    By doing this they effectively place the entire issue of the new government on a side track. I can just hear Geitner: “What the heck, let them take until the end of the year to form their government! In the meantime we have a new government in place by fiat! How cool is that?”
    Now, whether in fact this conversation, or something like it, took place or not I have no idea. But I do know one thing for sure: What Obama and Maliki have done is totally illegal by any standard, and the entire world just doesn’t care.
    In case you aren’t sure that this is illegal I have posted several articles starting in April when a call was made by Allawi to form a caretaker government. Then in July another politician in Iraq called for a caretaker government to be formed. Specifically they wanted an interim prime minister, two vice presidents, and so on. It’s all in my post, which is already up.
    But then came the subtle change, just yesterday. Here is what Obama said:
    “A caretaker administration is in place as Iraqis form a government based on the results of that election. “
    Now as if that weren’t bad enough, because it isn’t technically true, Biden backed him up! See the article of his presence in Iraq for his statements and the reporter’s response.
    Now to seal the deal the press has to pick up on it and not let on that it is illegal, right?
    Here is what was written in the Free Library, an internet news service:
    “The caretaker government has said the latest bloodshed is a last-ditch effort by militants to undermine Iraq's fledgling democracy more than seven years after the US-led invasion ousted Saddam Hussein.”
    So I submit to you that they have proven, beyond a shadow of doubt, that the ends justify the means.
    We will get our RI in short order, in my opinion.
    The question you all have to ask yourselves is this: will it leave a bitter taste in your mouth, or not? Think about that, folks. Think about it hard.
    Now, ask yourselves this question: would Obama and his world cronies actually do this? I believe we have the answer in Maliki’s own words. But first let me give you another clear quote that indicates that Obama’s subtle illegality has gained traction. Here is the quote:
    “New Prime Minister General Commander of the Armed Forces Nuri al-Maliki's confidence in the ability of Iraqi forces to assume security responsibilities, and the arrest of the perpetrators of terrorist crimes car bomb that targeted different areas of the country yesterday.”
    So the plan is now complete, apparently, and we have a new Prime Minister of a caretaker government that was never created but now exists. It’s just a small illegality, right?
    I’m almost through with this. Hang on for just 30 more seconds.
    Dinar Daddy posted this important article today. Here is the relevant quote:
    “Prime Minister of Iraq Maliki has requested the Central Bank of Iraq to review the country, taking into account the economics of the Iraqi Dinar now being increasingly strengthened.
    He stressed again that the dinar has a strong reason to go up by taking into account the income and economic development of Iraq.
    The Central Bank of Iraq is to analyze all relevant issues and will make a decision in the near future.”
    At this point we should all be stressed about the ends justifying the means, and happy as heck that Maliki is the “new” Prime Minister of the illegal caretaker government!
    I hope you all enjoyed this. I had a blast pulling it together.
    Of course I could be wrong.
    Steve


    Response from fsr42 at Currency Chatter:

    "The current president just happened to grow up in Chicago, the same place that the “dirty tricks” started from 50 years ago."

    Wrong.  He grew up in Hawaii and Indonesia. 

    "Incidentally, at the same time Sam Giancana promised the presidency to another of his protégé’s, namely Richard Nixon."

    Conspiracy nut nonsense. 


    "Moving on to Nixon now, we see how he clearly understood the idea of he ends justifying the means. This man was well on his way to having a landslide victory for his second term. But that wasn’t good enough for him. He wanted assurance that he would win. The result was a small burglary that came to be known as the Watergate Affair.  Now Nixon got caught, so you might well ask, “Did the ends justify the means?”  Well, surprisingly, they did, because even though his small illegal dealings were revealed, and even though he resigned in disgrace, today he is seen as one of the greatest Presidents of the last century. After all, his indiscretions were only minor, right?"

    There was never any evidence that Nixon knew about or ordered the Watergate break-in.  The charges that would have been brought against Nixon were dealing with obstruction of justice.  And just who are these historians who deem Nixon one of the greatest presidents of the 20th century?  I haven't heard any saying that. 

    I could go on and on, but I think I've made my point.  This guy's history is as flawed as his dinar analysis and intel.  Follow him at your own peril.



    9/25/10 (Condensed from a long, rambling post about 10 times this long)

    “The governor of the Central Bank of Iraq (CBI) on Monday said that the current exchange rate (1,170 Iraqi dinars per dollar) is reasonable, adding that the bank has enough foreign reserves to defend the exchange rate.
    “ ‘The CBI is adopting a managed floating policy of exchange rate, through which a reasonable exchange rate is fixed,’ Sinan Al-Shabibi told Aswat al-Iraq news agency.
    “’The current exchange rate is reasonable and stable and can be defended by our vast foreign reserves, totaling $43 billion U.S. dollars at the moment,’ Shabibi explained.”
    I have already explained elsewhere how I believe that this article has inaccurately stated the intentions of Shabibi.  The phrase in parentheses was interjected into the article by a reporter, and was not stated by Shabibi himself.  With its removal the intent of Shabibi is more clear.  In addition, as I have argued, the word “current” is also incorrectly translated into English from Arabic and it should read “new” instead.
    Therefore, I have argued that Shabibi has announced the final fulfillment of the 5 year “action plan” begun in 2005 and he is right on the schedule laid out 3 years ago by Al-Zubaidi in which he indicated in 2007 that the plan would require another 3 years to complete.  Therefore Shabibi’s statement should correctly be understood as the announcement of the adoption of a new exchange rate for the dinar.  As I have stated before, the only way in which the last sentence can have proper meaning is for it to refer to a new rate rather than the old (current) rate.  Unless a new rate is being discussed the statement that it is “reasonable and stable and can be defended” has no bearing on the old rate whatsoever.  The old rate is not only not reasonable, as stated by Maliki the day before as being “too low”; but it also does not need to be “defended” by huge reserves.  The reserves of Iraq were only $11 billion just 3 years ago, and the rate was the same then as it is now (.00086).  The increase in reserves therefore MUST refer to a new rate that is defensible by these reserves being in place.
    Finally, we received two articles that had to be quickly dismissed by the CBI.  The first referred to a new rate coming out at 1000 dinars to 1 dollar in June of this year.  The CBI flatly denied that this is in their plan and went further to state that “Iraq’s currency policies are far from such decisions.”  By using the word “far” I can only assume that he is stating that the imminent RV will be much higher than 1000 to 1.
    [This was posted by me in early March.  Nothing has occurred since then to change the situation.  In fact, we have found that Shabibi has reduced the 23 trillion dinar money supply by at least 70% since March, meaning that there are less than 7.5 trillion dinars in circulation at this time.  In addition the reserves of Iraq have risen to over $53 billion.  This means that Iraq currently has over 700% coverage for its outstanding money supply in its reserves.  Compare that to the US, which has about 15% coverage for the dollar!
    The point is simply this:  there is no way that it is in the best interest of Iraq to "lop" the currency.  Furthermore, from its own statements they have no intention of doing a "lop".  On the contrary, Al-Zubaidi, Saleh, Shabibi, and Maliki are all on record announcing their intention to RAISE the value of the dinar.
    More to the point, they have indicated that they will raise the value to what the dinar was in the early 1980s BEFORE Saddam Hussein came to power.  The value on the INTERNATIONAL MARKET at that time was $3.33 for the dinar.  This is a fact.
    Why would anyone assume that they have no intention of doing what they have stated themselves that they intend to do?]
    Steve


    Response from Expat at Dinar Daddy:

    OK…get ready to hit the thumbs down…
    I try to be optimistic about a monumental return and pray that the CBI is giving everyone a head fake with their numbers, but when I read a post like this, I realize that it may just be a pipe dream. This post gives no answers and only raises more questions. There are far too many to address here, so I’ll keep it simple. It simply amazes me how this guy spouts off theories and conjecture as fact and then questions the reasonableness of those who question him. Before you give me the thumbs down, be objective and not emotional…and ask yourself this:
    As Enorrste points out, the CBI has $53 Billion in foreign currency reserves, which as he states is 700% (7 times) the value of the IQD in circulation (7.5 trillion according to him). Then he points out that the US only has 15% in reserves to back up the dollar it has out, Now, he points this out as if it is the proof in the pudding.
    If all that is true and the CBI RVs to a rate of 1:1 to the USD…then they will have $53 billion to back up $7.5 trillion. That is less than 1% (0.7% to be precise) compared to our 15%. At $3.33 you can triple the difference, which makes it even more unlikely. These are his numbers, not mine.
    Here is my question: Enorrste points out that the Iraqis all say they want a stronger currency– a point with which I agree — however, how is this accomplished by setting a rate that reduces the percentage of foreign currency reserves they have to back up the Dinar from 700% to 0.0021%, which is what will happen if they RV to $3.33 as Enorrste states they will?
    I’m not saying there will or will not be a LOP. I am only saying that Enorrste has no idea what he is talking about.


    MrRich's Rant from Dinar Dater 9/17/11


    I have delayed posting this out of concern for the feedback I will get but I think it's time to get this off my chest. Over the past few months I have grown increasingly concerned about the eventual outcome of this "investment". This year we have seen Ali from Dinar Trade stop selling dinar. The BH Group was raided by the authorities and has discontinued dinar sales. Okie has continued to make nonsensical claims with his endless "intel" that never comes through, even after Roger from Dinar Daddy (who was revealed to have an interest in dinar sales himself) threw him under the bus. Scooter was hounded away from DV and eventually withdrew almost completely from the dinar world. Phoenix said goodbye at DV at the first of the year thinking the RV was imminent and then resurfaced in the summer with his blogtalk program where he has been saying every day how close we are to an RV, only to run out of material when no RV occurred which led to him rambling on about earthquakes, astrology, and the Mayan calendar. Rate and date predictions from "prophet" George Robinson and "guru" SteveI came and went with no RV. Frank is still talking about this "blessing" even though his countdown to RV has long since expired. Meanwhile he has taken advantage of the delay to start a new website and begin selling dinar on his own. The criminal backgrounds of several dinar gurus were revealed. And the "Global Settlements/NESARA" crowd is still out there trying to link the RV to their agenda. It is especially disturbing to me that the dinar world is full of conspiracy nuts, religious fanatics, and con artists as well as your run of the mill idiots. Why aren't there more economists, currency experts, and investment advisors recommending the dinar? (Yeah, I know Adam Montana took the test and is certified to give investment advice. I'll believe that when he reveals his identity and his credentials.) Possibly because they realize just what a long shot this really is. Meanwhile in Iraq bombs are still going off, the political blocs are still fighting, there's still no security minister or HCL law, and we have yet to see the new lower denoms. I'm more convinced every day that this isn't going to turn out the way that I had hoped.
    I'm not concerned about the time frame. I never was one of those "RV this week" people, and I've always said it's a long term speculative investment .... probably 2012-2015 before we see the dinar reach parity with the US dollar. What really has me concerned now is that the "experts" (not talking about the TerryK's or Checkmate's here - but people who really seem to understand this subject) for all of their knowledge of the dinar don't seem to really have any better idea what's going on than regular Joe’s like me who knew nothing about currencies 2 years ago and have no boots on the ground or intel to rely on. Early on I was trying to comprehend how Iraq, a nation whose currency had tens of trillions in circulation, could pull off an RV to equal or surpass the value of the USD. I finally decided to invest when it seemed that people who were more knowledgeable than me didn't seem to have concerns about the money supply or Iraq's ability to pull this off. As my confidence in these experts has dwindled I have become more convinced now than at any time since I first bought dinar that this is simply not going to happen.
    Disinformation is coming to the dinar community (in my opinion) straight from the top levels of the US and Iraqi governments. (I don't go along with most conspiracy theories but this one I do.) I believe that they have intentionally leaked wrong information to the speculators to keep dinar sales going to help fund the Iraqi government. I can't tell you how many people I have talked to who have been given bad intel from people they truly trust who they see as very successful and well positioned to receive legitimate intel. These people weren't talking to dinar pumpers on the internet. They were talking with friends, family members, or business associates working in fields where they would be expected to have access to people in the know. And yet time and time again they got burned by bad intel. To me it's clearly an orchestrated campaign of disinformation, and so far we're left holding the bag.
    I hope I'm wrong and that we see an RV this week of around a dollar, but my feeling right now is that we're probably not going to see any change in value until sometime next year at the earliest, and even then it might not be enough to produce any significant profits for investors once the exchange fees are figured in.
    I feel bad for people who are clinging to hope because of their financial situations, but those people need to realize that this probably isn't going to be their solution and they better start looking elsewhere. The dinar isn't your answer!
    I hear certain things repeated ad infinitum (and ad nauseum) from various dinar "analysts" that have no basis in fact. Among them ....

    Bush said the war would pay for itself. I have searched for well over a year for evidence that Bush said this and I have only been able to find evidence to support the fact that Wolfowitz and Rumsfeld suggested that Iraq's oil could help to fund the reconstruction of Iraq. If anyone can provide for me an audio, video, or a transcript of a speech where Bush said this (not where somebody simply claimed that he said it) I'd love to see it. This "fact" is repeated often to convince people that there was always a plan in place to RV the dinar after the war to produce a huge windfall to the US government and dinar investors. I'd love for that to be true, but the Bush administration didn't plan much of anything for the post-war phase in my opinion, and unfortunately that includes the future of Iraq's currency. Sure, there was a plan published for the rebuilding of Iraq, but the idea of the existence of "the plan" by the Bush administration to generate trillions for our economy is pure fantasy in my opinion. People who believe in this secret plan also tend to read things into Obama's words about our coming economic turnaround that just aren't there. Obama is a politician and is saying what people want to hear. It doesn't mean he knows that something is up. It just means he's trying to remain positive and sell his program. Nothing more. If he isn't re-elected next year I'm sure the next president will say similar things to keep his poll numbers high.
    Iraq will RV around the value of the Kuwaiti dinar because they are Arabs and Arabs are proud people. They want to make a statement to the world that they are once again a player in the global economy and their currency will make that statement. Excuse me, but aren't the Saudis Arabs too? Aren't they Arabs in the United Arab Emirates and Qatar? And yet their currencies are all valued around $.27. Currencies aren't valued by human characteristics like pride. They are valued based on cold hard facts and economic reality. And the facts in Iraq include a government that is divided, corrupt, and pretty much dysfunctional. It is said that a nation's currency is no better than the government behind it, so what does that tell you about the dinar? The facts also include frequent terrorist attacks. They also include American troops in their streets by the tens of thousands. They also include sectarian division that threatens Iraq with civil war on a constant basis. Given these factors I don't see how Iraq could justify an RV at this time of even $1 let alone $3+.
    Iraq needs to RV at more than $3 because their budget requires it. Currencies aren't valued based on budgetary requirements. When was the last time the US met its budget? We're currently operating with a budget deficit of well over $1 trillion. Why don't we just revalue our currency to the point that we can meet our budget? Because economics doesn't work that way, that's why. DUH!
    The existence of new lower denoms would prove that there will be an RV. WRONG! The new lower denoms, if they even exist, could just as easily be used to supplant (as in "eliminate") the IQD as they could to replace (as in "remove the need for with an RV") the higher denoms. The issue isn't the existence of new lower denoms but how they are defined and valued by the CBI.
    The dinar will be backed by Iraq's oil reserves. This is a huge one, because this determines whether Iraq can significantly RV their currency or will have to settle for a slow, steady climb in value. I used to buy into this because certain people that I considered smarter than me seemed to believe it, but as those people are proven wrong time and time again I find myself questioning now whether oil that is still in the ground could be used to back a nation's currency. When the US backed the dollar with gold did we back it by gold in the ground, or with gold that had already been extracted and was ready for distribution? At the rate that Iraq is going it would take decades to produce the oil needed to RV at the values that many are predicting.
    Banks wouldn't sell the dinar if this was a scam. The "scam" allegations aren't directed at the legitimacy of the currency but at the hype surrounding this toilet paper currency. The hype is so prevalent that many banks that used to offer dinar to people who would be traveling to Iraq have discontinued selling them. And then of course the gurus claim that banks quit selling them because they know it will RV soon. Give me a break!

    I could go on and on, but I think you can see where I'm coming from by now. I don't consider the dinar a scam in the sense that it's worthless and has no potential, but the whole "overnight RV to make us rich" scenario is garbage IMO. I went along with it for a while but I'm now convinced that none of us will ever retire based on what we make off of this investment. As Ali said a few months back "this is an investment, not a lottery ticket". (Unfortunately he said that after making millions selling the dinar to people that he knew were expecting an overnight RV to the point that many of them were buying on reserve. DON'T BUY ON RESERVE FOLKS!!!) If we double or triple our money I'm afraid we're going to have to settle for that and move on to the next retirement plan. Best of luck to all. End of rant.

    -MrRich





    Enorrste's response:

    09/19/2011
    I seldom take the time to respond to drivel such as this, but since you have asked I will do so. I will also be posting my response to you in our Forum for others to read as well.


    The first several paragraphs I actually tend to agree with, so I won’t discuss those in detail.

    Disinformation is coming to the dinar community (in my opinion) straight from the top levels of the US and Iraqi governments. (I don't go along with most conspiracy theories but this one I do.) I believe that they have intentionally leaked wrong information to the speculators to keep dinar sales going to help fund the Iraqi government.

    Unfortunately the author of this post is doing the same thing that he condemns others for doing. If he claims that “no one knows”, then why is he adding fuel to the fire?

    To me it's clearly an orchestrated campaign of disinformation, and so far we're left holding the bag.

    It seems to me that this guy has fallen for the very same thing that he is condemning!

    I hope I'm wrong and that we see an RV this week of around a dollar, but my feeling right now is that we're probably not going to see any change in value until sometime next year at the earliest, and even then it might not be enough to produce any significant profits for investors once the exchange fees are figured in.

    Everyone has a right to their opinion.

    • Bush said the war would pay for itself. I have searched for well over a year for evidence that Bush said this and I have only been able to find evidence to support the fact that Wolfowitz and Rumsfeld suggested that Iraq's oil could help to fund the reconstruction of Iraq. If anyone can provide for me an audio, video, or a transcript of a speech where Bush said this (not where somebody simply claimed that he said it) I'd love to see it.

    It is unfortunate that this writer spent a year looking for something that I found in about 5 minutes.

    Secretary Paul Wolfowitz told a congressional panel that Iraqi oil revenues would help pay for reconstructing the country, i.e. a cost of the war. “The oil revenue of that country could bring between 50 and 100 billion dollars over the course of the next two or three years. We’re dealing with a country that could really finance its own reconstruction, and relatively soon,” he said.

    "One month before the war, then-White House press secretary Ari Fleischer said Iraq 'is a rather wealthy country. … And so there are a variety of means that Iraq has to be able to shoulder much of the burden for their own reconstruction.'"
    http://thinkprogress.../rove-iraq-oil/

    This article does NOT state that WE will be reimbursed by Iraq’s oil revenue but instead that the RECONSTRUCTION of Iraq will be paid for with oil revenue.

    However, as far back as April 3, 2003 it was clear that some people felt that Iraq would pay for the war itself.

    Published on Thursday, April 3, 2003 by the Toronto Star

    Divvying Up the War Booty in Iraq
    by Haroon Siddiqui


    "The money will be recovered from future Iraqi oil revenues. Or from those for whom the neighborhood has been made safe from Saddam, principally Israel and Kuwait. Don't be surprised if the Kuwaitis are leaned on for protection money."
    http://www.commondre...s03/0403-02.htm

    So, who is right, who is wrong, and why? I suspect that it would have been a serious mistake for Bush to state that the eventual RV of the Iraqi dinar would pay for the war. That would have been a “self-defeating” statement in that it would have generated speculation clear back in 2003. So what was said? It was stated that Iraqi oil revenues would pay for the rebuilding of Iraq. That statement will be proven to be true. Our involvement will end, except for private investment.

    I am not surprised that the a clear statement from then President Bush can’t be found on this matter.

    • Iraq will RV around the value of the Kuwaiti dinar because they are Arabs and Arabs are proud people. They want to make a statement to the world that they are once again a player in the global economy and their currency will make that statement.

    The author may not be aware that I have written a book in which I have given a link to an article made as far back as 2007 by Al-Zubaidi, the Minister of Finance, in which it was stated that the goal was to return the Iraqi dinar to the value it held prior to the Hussein regime, which, the article said, was $3.33. Then later in the year Shabibi of the CBI accepted that recommendation. They have been implementing this plan ever since.


    • Iraq needs to RV at more than $3 because their budget requires it.

    Sorry, I find no evidence that this has ever been stated. It HAS been stated that there are numbers in the budget that imply a higher value than 1170 to 1. However, no where have I seen that the budget REQUIRES an RV. In fact, it seems to me, like the Bush issue above, that if the rate was in the budget, or required by it, then it would be pretty obvious. However, it is NOT obvious. This guy is making a statement without backing.

    • The existence of new lower denoms would prove that there will be an RV. WRONG! The new lower denoms, if they even exist, could just as easily be used to supplant (as in "eliminate") the IQD as they could to replace (as in "remove the need for with an RV") the higher denoms.

    The existence of the lower denoms has been known since 2003 when they were created. However, it is now 8 years later. So how does this statement make sense? It only makes sense if there was in fact a plan from 2003 to eventually bring the value back to what it was in the early 1980s ($3.33, as Al-Zubaidi stated). So, in that sense, I would guess that the existence IS evidence of an intent to RV at some time. Had they not existed, why would they print them? Answer: because the intend to raise the value of the dinar. This isn’t rocket science. There existence, since 2003, is evidence of the plan, and the plan includes the RV.


    • The dinar will be backed by Iraq's oil reserves. This is a huge one, because this determines whether Iraq can significantly RV their currency or will have to settle for a slow, steady climb in value.

    This is again a misstated argument. I know of know one who is intelligent on this investment who has made this statement. The fact is that the IMF has made it perfectly clear (about 3 years ago) that they were going to “realign” the world’s currencies based upon the “underlying wealth of the country.” This includes over 100 different elements, including natural resources, manufacturing, tourism, population, actual per capital income, and so on. I’m not making this up. I have seen the 100+ variables. The simple reality is that the IMF is fully aware that there is not enough gold in the world now to support all currencies. So they created a new “gold” standard based on the underlying wealth of countries. Iraq has among the highest amounts of “underlying wealth.” In addition to its oil reserves and natural gas, it also has 2 large rivers running through it, which will make it the agricultural belt of the entire ME. Add to that the fact that they have ACTUAL reserves now over 100 billion dollars (it was $53 billion until they found a cave with all of Saddam’s gold in it – I’ve seen the photo). When all of the funds that have been withheld by the UN during Chapter 7 are returned, we are talking HUGE reserves. Now, if they reduce the money supply to 25 billion dinars (from 25 trillion dinars) as Shabibi said he would do, then they will have over 400% coverage of their money at $1 per dinar, and 100% coverage at $4 per dinar. The US, in contrast, as only 15% coverage of the dollar.

    Add to that the “underlying wealth” and I believe Iraq can afford this RV.


    • Banks wouldn't sell the dinar if this was a scam. The "scam" allegations aren't directed at the legitimacy of the currency but at the hype surrounding this toilet paper currency. The hype is so prevalent that many banks that used to offer dinar to people who would be traveling to Iraq have discontinued selling them. And then of course the gurus claim that banks quit selling them because they know it will RV soon. Give me a break!

    Once again, this author assumes that he has the truth, just because he says so. On our site we have representatives from two dinar trading companies. Both have stated many timed that the banks are having difficulty in obtaining the dinars. This is the reason that they stopped trading them. This has nothing to do with the author’s “theory” that they stopped due to the “hype” factor. There is no evidence of this whatsoever, except in his own mind.

    I suspect we should be happy that he didn’t say that the banks thought the dinars was a scam. However, even here he was wrong. Wells Fargo actually made that statement to its own employees! Of course they have since withdrawn it, admitting that it was done to stifle demand from their own employees!

    So, we once again come back to the book I wrote almost 18 months ago, not one part of which has been negated. There is a plan, it is progressing, although not as quickly as either we would like or, apparently, as Shabibi would like. But those things are not entirely in his control, and not in our control at all. So we wait.

    Steve
     




    MrRich's rebuttal:

    9/19/11

    So Enorrste decided to respond to my rant, huh? Well he's one of the people I was referring to so I guess it's only fair. If you don't believe me go to his site and download his ebook and read it. You've never read such babbling nonsense in your life I can assure you. For example, here he talks about "Operation Rainbow":



    ”Rainbow: symbolizing a rainbow connecting Iraq to US-the RV is completed
    ”Governor of Najaf, confirmed that the bombing of the rainbow of the latest terrorist goal to cause chaos and make media 15 January, 2010 07:28:00 15 January, 2010 07:28:0
    ”The governor of Najaf, Adnan al in a statement to the rainbow that the latest terrorist bombing in the city caused by a number of devices manufactured locally and aims to cause confusion and make a media and political.
    “On the other hand he Zurfi to tighten security measures, including a comprehensive review of the work of the security services may include changing the leadership of some regions, as well as to prevent vehicles from entering certain areas and to identify special places for parking.
    ”Hassani assure the rainbow: the decline in the export of Iraqi oil caused by a region ”Between a member of the House of Representatives Hadi al-Hassani of the rainbow, the share of Iraq's oil in the fifties of the last century were narrow with lots of Saudi Arabia and Iran in terms of productivity, but wars that the policy pursued by the dictatorial regime and the policy of regional intervention led to the decline in the share of Iraq's oil should have been to Iraq today to issue a total of five million barrels a day.
    “On the political position of the hidden and declared to Saudi Arabia from the overall process of political transition in the country; Hassani, the deputy pointed out that Riyadh is opposed to any project renaissance wakes up from the rubble of dictatorship and the ravages of war brought down the debt evidenced by the lack of Iraq's support for the result of the tyranny of unjust wars, as they look to their interests in the region look purely sectarian.”


    Another example:

    So after consideration it is only plausible that Israel would cooperate with the US in the occupation of Iraq, however secretly.  Next, we see that in some "real" sense Operation Rainbow is the child of Israel and not just the US and Iraq alone. This is tacit confirmation of the fact that Israel is cooperating with the US in Iraq. The technique used by the Iraqi government in Operation Rainbow has the "fingerprints" of the Israeli Mosad all over it.
    Next we have to understand that all three parties deemed it necessary to stage this false coup attempt. The reasons for doing so are few, but two stand out clearly to me:
    First, the obvious reason is to make the Maliki government look efficient, on top of things, and powerful in the drive to create a democratic state.
    Second, by the content of the email itself, this event seems to have allowed the
    "completion" of the RV.
    It seems clear to me that the primary goal of the fake coup is reason number 2 and that reason number 1 is only an ancillary benefit.


    And finally:

    So we are left with the conclusion that we have fortuitously fallen into the hands of a "real" communiqué. And the communiqué "subject" is that the RV is completed.  In my opinion, to summarize, I'm convinced that the public notification of the change in exchange rates is going to be announced in the very near future.  We see tickling hints that it is "at the door" from rumor forums as well (banks being notified and such) but have no documentation on which to test their veracity. Still it is encouraging to see that our analysis from a real documents is not only consistent with these rumors but also states the "means" by which their rumors could have validity.  In that sense I can say with confidence that we are still way ahead of the curve and that the rumor mills have nothing to compare with the documentation provided here.

    This was written in Feb. 2010 folks, over a year and a half ago. Complete with "banks being notified". Supposedly the RV was "at the door".

    Okay, now for my response. First, he claims that he found in 5 minutes what I failed to find in a year of searching. Then he proceeds to prove my point that you can't find a quote of Bush saying that the war would pay for itself, resorting to quoting Wolfowitz and others about Iraq's oil possibly paying for the reconstruction of Iraq. Thanks for having my back there, Stevo.

    Second, as for returning the dinar to its former value I was not addressing any statements made within the GOI or CBI. I was addressing the logic behind statements from certain gurus that Iraq would come out around the Kuwaiti dinar because of their pride. That lack of reasoning regarding economics is baffling to me. No matter how proud the Iraqis are they still have to assess a value to their currency that is economically feasible, and going from less than a tenth of a penny to over $3 at the flip of a switch simply isn't feasible IMO.

    Third, it has been stated numerous times by Randy Koonce and others that Iraq's budget requires them to RV at $3.41. He repeated that claim in his latest conference call over the weekend. You can hear it here.

    Fourth,

    The existence of the lower denoms has been known since 2003 when they were created. However, it is now 8 years later. So how does this statement make sense? It only makes sense if there was in fact a plan from 2003 to eventually bring the value back to what it was in the early 1980s ($3.33, as Al-Zubaidi stated). So, in that sense, I would guess that the existence IS evidence of an intent to RV at some time. Had they not existed, why would they print them? Answer: because the intend to raise the value of the dinar. This isn’t rocket science. There existence, since 2003, is evidence of the plan, and the plan includes the RV.

    Known to whom? What evidence is there that they were printed in 2003? Provide that evidence and I'll concede that there was a plan to RV and then issue these 8 year old LDs. But don't expect me to come to that conclusion just because you or somebody else says they were.

    Fifth, Enorrste knows fully well that people are claiming that the dinar will be backed by their oil reserves, because there's simply no other way to arrive at a new value of over a dollar. What? Are they going by their GDP? You can't be serious! Take a look at Iraq's GDP ranking. Bangladesh and Angola have a higher GDP for God's sake!

    And finally, I didn't say that all banks that quit selling dinar did so because of the hype. I'm sure some probably had issues with obtaining them but the fact is that many were tired of speculators calling and disrupting their workplace with constant questions based on rumors that they had heard and just decided that it wasn't worth the hassle.

    I'm glad you got a pitch in for your book, Stevo. I encourage everybody to download it and read it for themselves. Maybe then they'll understand what I was referring to by the wackjobs involved in this investment. End of response.

    -MrRich


     


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