March Update (3/3/2014)

The two videos I embedded on this post when I wrote it in 2014 have since been removed.  This is very common in dinarland.  People get embarrassed about stupid things they said back then and remove the evidence.


Also, here's a current chart for the Russian ruble.  As you can see it has gone down in value since I wrote this.

















February was an interesting month for the dinar world.  TNT Tony's idiotic Twitter campaign yielded a BBC article and radio report which revealed that over half of Tony's Twitter followers are fake.  They also stated that they consulted economists at Harvard and the London School of Economics who dismissed the dinar as a scam.  Not exactly the results Tony was hoping for.  I'm hearing that the BBC isn't done with this story.  They learned about it from their "Trending" division and apparently now their business division is looking into it.  Stay tuned for more on that.

http://www.bbc.com/news/blogs-trending-26187471


While browsing through YouTube dinar videos I found this from one of Tony's followers.  This gives you a glimpse into the mindset of somebody who is under his spell.





https://www.youtube.com/watch?v=jiufKCPXRV4


In watching several of his videos I noticed that he said he just wants to be self-sufficient.  Well Dorsey, if you're reading this let me assure you that nobody is keeping you from being self-sufficient.  There are no elites out there plotting to keep you in your security guard job.  The only person holding you back is you.  Quit spending money on these worthless seminars and Illuminati books.  Quit listening to these "cabal" con artists who are getting rich by selling you conspiracy crap.  Quit waiting around for the RV or the GCR or whatever else and take charge of your life.  Get a degree or learn a trade.  Start looking for ways to succeed instead of searching for explanations for why you haven't succeeded.  And for God's sake, quit following criminals like Tony Renfrow.  

https://services.saccourt.ca.gov/indexsearchnew/PersonList.aspx?SearchValues=renfrow,anthony,,0,False,,,



In Iraq, BBC also reported that Al Queda is issuing banknotes in the regions of Iraq that they control.  Whether this currency ever gets any traction or not it's yet another indication of how badly things are going inside of Iraq.          

http://www.bbc.com/news/blogs-news-from-elsewhere-26153446



Also in February there was a buzz about this video from Greg McCoach of a gold and precious metals company called Amerigold..





At first viewing my reaction was that he's a gold guy. "He's just talking about the future of the gold industry in Iraq, and the fact that Iraq is redenominating their currency is a good indication that things are stabilizing which would be good for investors. Unfortunately he used the word 'revalue' when he meant 'redenominate' as many others have mistakenly done over the years, but he meant RD." But his name sounded familiar, so I did some searching and found that he has indeed spoken up on the dinar in the past.

In August of 2011 he wrote his theory on how the US would receive a windfall of trillions. You can read his article here. Unfortunately Mr. McCoach based his views on pumper lies. Bush didn't say that the war would pay for itself. The US Treasury doesn't have trillions of dinar. And the dinar didn't collapse as a result of the US invasion in 2003. All of these have been thoroughly debunked over the past couple of years. 

Something that we have seen repeatedly over the years is people seizing upon the dinar's popularity to promote their own products and/or agenda. Obviously he's got a product to sell as the president of Amerigold and owner of Wealth Daily. The exposure he is receiving in the dinar community certainly won't hurt him in that respect. I don't know if Mr. McCoach believes what he said in 2011 or not, but regardless of his reasons for talking about the RV the numbers don't work and it's not going to happen. You'd stand a much better chance of profiting with one of the products that he sells, not that I'm recommending that. 



And finally, over the past few months a crisis in Ukraine has unfolded as protesters took to the streets in reaction to President Viktor Yanukovych's closer ties with Russia. After Yanukovych was removed from power Russian president Vladimir Putin's military response sent the Russian stock market into a 10% plunge and the Russian ruble is at its lowest value in years.








I said that to say this. Before these numbskull gurus start pumping the Russian ruble for their favourite currency dealer let's all just look at the chart. The ruble is down about 20% in value over the last two years. If you buy rubles thinking they're going to bounce back and make you huge profits you should consider that even if the ruble gains that 20% back the dealer fees will probably negate any gains. 

Investing in paper currency is just a bad idea in general, especially if you pay a dealer's spread. When a currency dips or spikes 10% or more that's huge. This is just further evidence that expecting the dinar to increase in value 100,000% is pure fantasy.

Sam I Am -- Someone on twitter commented on your post.  I am not sure what your twitter ID is so I couldn't tag you.  





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901Invester‏  @Puser24 FollowFollow 

Replying to 

@DinarDaily

Bullshit article! My friend works for Chase and they tried to do this RV last month. She didn't believe it until then.
9:34 AM - 3 Mar 2019

Here is another one...

I didn't know if you wanted to address them or not. 

Jason Burnside‏ 
[ltr]@Burnside1971[/ltr]

Replying to 
[ltr]@DinarDaily[/ltr]

Sam, Please put the crack pipe down. Your complete ignorance and negativity is not appreciated by us future millionaires

Thanks, Ponee.  I don't do Twitter, and I see no need to respond to such imbecilic comments.