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Post by nickgiammarino on Sun Oct 21, 2018 11:33 pm

Wang Dang did a conference call with the guru hunters from Dinar Daily and we were happy to educate him.

Unfortunately, he drank so much kool-aid that he is stuck in "lower denomination land" and it's very laughable.

Rather than telling the truth, he takes the guru hunters questions as an attack on his level of knowledge.  

Not our fault that we have IQ's over 70.


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Wang Dang Conference Call With Guru Hunters 10-21-2018 Empty Re: Wang Dang Conference Call With Guru Hunters 10-21-2018

Post by Sam I Am on Mon Oct 22, 2018 12:13 am

Thanks for recording that, Nick.  It was fun!  WD was totally blindsided.

7:15 Nick
27:00 Nash
35:15 Nick echo bombs WangDang
40:55 Sam
1:14:40 Nick calls WangDang an idiot

BTW, the call is up at iqdcalls.com ...
just dial 605-475-4990
pin: 611322#
then hit # to start, 6 to fast forward 1 min, 4 to rewind 1 min, 5 to pause or resume


Last edited by Sam I Am on Mon Oct 22, 2018 6:18 am; edited 3 times in total

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Post by RamblerNash on Mon Oct 22, 2018 1:12 am

I especially liked the part when WD said that the "000" notes are going back to the CBI and those notes are going to be reduced by half (referring to the 70 trillion currently out there), without saying what they are going to use to pay for them.

A $4.20 rate and needing over 300 trillion dollars to back the money supply? Where did these folks learn how to do math? Or did they?

WD said: The currency was worth 3.12 when Bush turned it off...In 2007!!! LMAO!!! Everyone knows that's not true.

He certainly had issues with simple questions...
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Post by Ethel Biscuit on Mon Oct 22, 2018 4:17 am

Wang! Dang! Thank you Ma'am!


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Post by RamblerNash on Mon Oct 22, 2018 2:54 pm

One of the callers that tried to come to Wang Dang's aid tried to bring up the wealth Iraq has...In the ground, without realizing what he was actually trying to say.

Economies don't back their money supply that way, otherwise every country would do it. If that was the case with Iraq, why haven't they already done that? LOL



Who is going to exchange the Dinar for a bucket of crude oil that they have to pump out of the ground? ...In Iraq...
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Post by RamblerNash on Mon Oct 22, 2018 11:34 pm

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Wang Dang Conference Call With Guru Hunters 10-21-2018 Empty Re: Wang Dang Conference Call With Guru Hunters 10-21-2018

Post by Sam I Am on Tue Oct 23, 2018 1:42 am

So he knows what happened?

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Post by RamblerNash on Tue Oct 23, 2018 2:06 am

Apparently Wang is aware of it now.

I sent Brian the Douchie award you gave Wang years ago to pass along.

https://iraqcurrencywatch.com/douchie-for-july-22-28-72912/

Maybe Wang will read it and understand what a fool he is...
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Post by Majek on Tue Oct 23, 2018 9:23 am

Get on the TNT call with Rayrat and con man Tony and challenge them like this. 
Let’s see how fast they hit the mute button!

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Wang Dang Conference Call With Guru Hunters 10-21-2018 Empty Re: Wang Dang Conference Call With Guru Hunters 10-21-2018

Post by nickgiammarino on Tue Oct 23, 2018 7:54 pm

How to tell when WangDang is lying, when he says, "I Promise You"

Look at this crap:
http://www.arkman.us/wang1.html

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_wang_dang-798x531

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_malaki_bobble_head2-560x528

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_maliki_with_duct_tape_on_mouth-791x644

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_hulk_facts_revised_with_maliki2-801x513

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_wang_dang_correctional_facility-722x634

Wang Dang Conference Call With Guru Hunters 10-21-2018 2012_hulk_facts_with_wang_dang-784x500

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Wang Dang Conference Call With Guru Hunters 10-21-2018 Empty Wang Dang right again

Post by Shanegp on Thu Oct 25, 2018 12:21 am

The Iraqi dinar replaced the well-established Indian rupee as the official Iraqi currency in 1932. The Iraqi dinar was pegged to the British pound, at par, until the year 1959. The peg was eventually changed to the US. dollar in 1959. They used only the current exchange rate between the pound and the dollar to determine the Dinar’s current value. The foreign currency exchange rate determined one Iraqi dinar to be equal to $2.80 USD. By 1973, the Iraqi Dinar had increased in value to $3.3778 USD, before a small 5 percent devaluation correction to $3.2169 USD. This was the continually stable rate history when pegged to the U.S. dollar until the Gulf War in 1990-9

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Post by RamblerNash on Thu Oct 25, 2018 12:43 am

Exchange rates are important during these transactions because they represent the linkage between one country and its partners in the global economy. Exchange rates affect the relative price of goods being traded (exports and imports), the valuation of assets, and the yield on those assets. The CBI pegged its official rate between $3 to 3.38 per dinar in the 1970s. The last official exchange rate of $3.11 per dinar was set in 1982. During the 1970s the official and market rates generally corresponded and by 1980 the country had $35 billion in foreign exchange reserves. Because of the war with Iran that figure had fallen to $2 billion by 1987. The currency depreciated rapidly in the unofficial market during the Iraq-Iran war and after the first Gulf War the pace of depreciation increased further. During 1997 to 2003, the exchange rate fluctuated between 1500 -2000ID per $1 and was fairly steady at about 1950 ID to $1 in recent years. Although the Regime did not alter the official exchange rate after 1983, it acknowledged the rate differential in 1999 by allowing state run banks to exchange hard currency at the rate of 2000 ID to $1.According to the statistical bulletin published by CBI (Figure 16) the numbers projected by sources in the US are consistent, with numbers reported internally. It is important to note that the validity and reliability of the data provided by CBI has not yet been evaluated.



http://www.dinardaily.net/t71312-iraq-s-exchange-rate-history
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Post by Sam I Am on Thu Oct 25, 2018 4:05 am

Shanegp wrote:The Iraqi dinar replaced the well-established Indian rupee as the official Iraqi currency in 1932. The Iraqi dinar was pegged to the British pound, at par, until the year 1959. The peg was eventually changed to the US. dollar in 1959. They used only the current exchange rate between the pound and the dollar to determine the Dinar’s current value.  The foreign currency exchange rate determined one Iraqi dinar to be equal to $2.80 USD. By 1973, the Iraqi Dinar had increased in value to $3.3778 USD, before a small 5 percent devaluation correction to $3.2169 USD. This was the continually stable rate history when pegged to the U.S. dollar until the Gulf War in 1990-9

Nobody is disputing the fact that the Iraqi dinar was valued at over $3 prior to Saddam's reign, just like nobody would dispute that Enron was the fifth largest company in the nation in 2001, but Enron is now history and Iraq's new currency is worth $.00085 and it has been for ten years now. When the old Saddam dinar was at $3+ there were billions in circulation. Today there are trillions due to the hyperinflation that occurred in the 1980s. When a currency loses value like that the only way to counter the effects of past hyperinflation is to replace the currency with a new currency series with fewer zeros and a corresponding number of units of the currency in circulation. In Iraq's case they would issue a new currency worth $.85 rather than the $.00085 of the IQD and 70 billion units of the currency rather than 70 trillion. That's what they mean by deleting or removing the zeros. Dinarians call it a lop. Wang Dang refuses to accept the obvious, that Iraq's monetary reform plan is a redenomination, and the IQD will never be worth more than 1/10 of a penny.

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Wang Dang Conference Call With Guru Hunters 10-21-2018 Empty Iraqi dinar value..

Post by Shanegp on Thu Oct 25, 2018 8:01 pm

I understand what you are saying. But Iraq never lost anything in value before or after the war there Country has more added value now. When the cbi decides to get things trading world wide there currency is going to be worth more than Kuwaits. It's only common sense, There money has been rolling forward in there budget each year and has gone nowhere. There money was worth more than our dollar before it was shut off and it will be worth more than our dollar when it is reinstated, plain and simple. Our dollar on the other hand is only worth about a penny. We are the ones in real trouble.

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Post by RamblerNash on Thu Oct 25, 2018 9:36 pm

Shanegp wrote:I understand what you are saying. But Iraq never lost anything in value before or after the war

Are you nuts? Wars are expensive to run. And if it's in your country, they are expensive to rebuild. Do you need to see the damage from the one in 2003 or the one with ISIS?

there Country has more added value now. When the cbi decides to get things trading world wide there currency is going to be worth more than Kuwaits.

Now wait a minute. You said below that the money has been rolling forward in the budget each year, and here you say it's going to be based on trade?

Which is it?


It's only common sense, There money has been rolling forward in there budget each year and has gone nowhere. There money was worth more than our dollar before it was shut off and it will be worth more than our dollar when it is reinstated, plain and simple.

Who shut it off? When did that happen? How come Iraq doesn't know anything about it? Who is going to put a bunch of money in their reserves, to make the exchange rate worth more than a dollar, and take on that debt?


Our dollar on the other hand is only worth about a penny. We are the ones in real trouble.

Says who?




Stop drinking Kool-Aid!!!
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Post by Sam I Am on Thu Oct 25, 2018 9:55 pm

It's not common sense, Shane.  It's economic ignorance, and I don't mean that as an insult.  I was ignorant once myself.  I owned over 8 million dinar, and I listened to gurus and believed that the RV would happen.  But then I noticed that the gurus never seem to get anything right, so I started to research the dinar "investment" for myself and I discovered that most everything I was told was a lie.  EO3303 has nothing to do with currency.  Deleting the zeros means redenomination.  Currencies aren't backed by consumable commodities like oil.  There was no millionaire-creating RV in Kuwait or Germany.  In fact the largest revaluation in history was about 35% in China and that took place over an 8 year period.  Donald Trump doesn't own dinar.  The dinar wasn't devalued by the UN in 2003 as a way of de-funding terrorists and insurgents.  Bush never said that the Iraq war would pay for itself.  These are all what we refer to as "forum facts" because they're things that are commonly repeated in dinar forums that are assumed to be true when they aren't.  https://iraqcurrencywatch.com/forum-facts/

Iraq lost a lot of wealth during the 1980s due to the war with Iran.  Back then there was no separation between the government and the central bank, and Saddam used the money in their foreign currency reserves to fund his military, which drove the value of the dinar down to the point where the value in 1995 was 3000 dinar to the dollar. https://www.cbi.iq/page/39  In Iraq, as in all of the oil producing nations of that region, the foreign currency reserves are used to provide support for the currency.  As the reserves dwindled so did the dinar's market value.  Saddam kept the official value at over $3 but the street value was more like $.00033.  After Saddam was overthrown the CPA (Coalition Provisional Authority) produced a new currency representing the new Iraq and separated the government from the central bank to prevent a repeat of what happened under Saddam.  The value was about 1500:1 when the IQD was introduced, but because it was so popular with the newly liberated Iraqi people its valued quickly appreciated to the point that they had to pull US dollars out of circulation to stabilize its value in 2004.  Then they went to a crawling peg strategy from Nov. 20006 to Jan. 2009  as a way to bring the inflation rate down from 70% to under 10%.  They stabilized the rate at 1170 in 2009.  Ten years later it's worth less than that.

I'm just telling you these things to establish the fact that the dinar is not undervalued.  If anything it's overvalued, and the last two changes were in fact devaluations (the value went down).  I hope that helps you to see why "investing" in the dinar isn't a good idea.  There's very little chance of it going up in value unless inflation becomes a problem again, and there is ZERO chance of getting rich from owning it.  In fact you could lose everything you spend on dinar if they redenominate because it will be hard to exchange it.  Good luck.

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Post by Sam I Am on Sun Oct 28, 2018 10:04 am

Here's the video that RamblerNash was talking about when Shabibi said that they were going to redenominate. Start watching about 3:30 in. He uses the word "redenomination" at 4:06. Nash was right and Wang Dang was wrong.


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