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What to do with my 20.000.000 Dinar?
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jrg
mightyoak
TheArtistFormerlyKnownAs
Ponee
Kevind53
RamblerNash
Sandnsea
chilimama
Sam I Am
MarcusCurtis
Ssmith
Snow Cat
roxy22222222
17 posters
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Re: What to do with my 20.000.000 Dinar?
...TheArtistFormerlyKnownAs wrote:On Iraqi Dinar being in the mainstream media (I have seen about three videos) ,try putting this into your youtube search engine to see one of them,
"Jim Cramer of Mad Money Talks About Iraqi Dinar"
...
Here is Ali Agha, owner of D-Trade in "Mainstream Media"
Where is Ali now? What are his customers saying about him today?
10 years ago was much different than 5 years ago, which is very different than today.
Look at the facts and do your own independent research.
RamblerNash- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
TheArtistFormerlyKnownAs wrote:Well I just don't know for sure what the CBI will or won't do to get their notes back , word on the street is they are reducing the note count to one billion notes (from nine billion notes) ,the reason why is debatable , but we just don't know for sure. And since the CBI sold it in the range of .0008/IQD to 1 USD a lot has changed and has happened , (there was 30 trillion Dinar in circulation , and the note count was 9 billion, has any of that changed? I just don't know for sure), when I purchased there was multiple bombs going off in and around Baghdad every day , they didn't even have a seated Government or a Prime Minister, a lot has changed but it has never been reflected in the exchange rate of the currency, so I don't know for sure what the CBI will or won't do in order to get my Dinar.Ssmith wrote:I really don't think you have to worry about the CBI wanting to buy your dinar. After all, they sold it in the range of .0008/IQD to 1 USD. I seriously doubt they are wanting it back and having to pay you $3.00 or whatever amount you are hoping for.
There are some who believe that there is an organized conspiracy of sorts to get our Dinar out of our possession, and I can't say for sure if they are right or wrong, I just have no way of being sure. So I ain't taking any chances.
100 $1 dollar bills vs. 1 $100 dollar bill are equal in value.
It goes the same for the Dinar...
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RamblerNash- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
All you need to do is look at the CBI to see the M0,M1 & M2
http://www.tradingeconomics.com/iraq/money-supply-m0
http://www.tradingeconomics.com/iraq/money-supply-m1
http://www.tradingeconomics.com/iraq/money-supply-m2
It's about 82679 Billion dinar To put it at 9 Bil would be a giant LOP and the way to do that would be to re dominate the currency and like Turkey close the border and make everything outside worthless and that is the most likely scenario so you're playing a risky game and about me not being very nice it's like this.
ANYBODY WHO STILL BELIEVES THIS SCAM CAN NOT BE TAKEN SERIOUS BY ME. I get along great with the guru hunters and I don't have any bridges to sell you in London so to me I figure you must of got an inheritance to spend $20,000 on toilet paper and you probably have somebody to water you twice a week so do you get the picture of what I think of dinarians who still believe this scam? If not I think you're a useless air breather who should be put out of your misery by a bullet between your eyes and I think I'm being very nice to you LMAO I've made a lot dinarians self worth belief sink to less than a worm so I hope you still think of yourself more than that
http://www.tradingeconomics.com/iraq/money-supply-m0
http://www.tradingeconomics.com/iraq/money-supply-m1
http://www.tradingeconomics.com/iraq/money-supply-m2
It's about 82679 Billion dinar To put it at 9 Bil would be a giant LOP and the way to do that would be to re dominate the currency and like Turkey close the border and make everything outside worthless and that is the most likely scenario so you're playing a risky game and about me not being very nice it's like this.
ANYBODY WHO STILL BELIEVES THIS SCAM CAN NOT BE TAKEN SERIOUS BY ME. I get along great with the guru hunters and I don't have any bridges to sell you in London so to me I figure you must of got an inheritance to spend $20,000 on toilet paper and you probably have somebody to water you twice a week so do you get the picture of what I think of dinarians who still believe this scam? If not I think you're a useless air breather who should be put out of your misery by a bullet between your eyes and I think I'm being very nice to you LMAO I've made a lot dinarians self worth belief sink to less than a worm so I hope you still think of yourself more than that
kenlej- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
Hiya Nash , I did say that it was debatable as to why the Iraqis are reducing the note count , what would be the point of them reducing the note count and at the same time releasing a new 50k note , I know the argument is it is better for them to carry one 50k note rather then two 25k notes , though I am not so convinces , from what I gather it costs a hell of a lot of money to reduce the note count , a lot of cost and trouble just so you can carry around one note instead of two. And then we really have no way of finding out how many 50k notes there are in circulation , compared to the 25k notes they are reducing. We just can't be sure if this is why they are reducing the note count. And at the same time if they are going to go to all of that effort to reduce that note count just so they don't have to carry around two 25k notes why don't they just LOP. Speculation.RamblerNash wrote:
100 $1 dollar bills vs. 1 $100 dollar bill are equal in value.
It goes the same for the Dinar...
TheArtistFormerlyKnownAs- Active Member
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Re: What to do with my 20.000.000 Dinar?
I don't think you get what is going on here. The note count is irrelevant to the possibility of an RV (its also irrelevant to the economy, its just logistics about being easier to have one 100,000 IQD bill instead of ten 10,000 bills). The price of oil is key for Iraq's economy but irrelevant for an RV. The only thing that matters when adjusting the exchange rate is the size of the CBIs reserves and the size of the money supply. Nothing else. Even if oil goes up and ISIS is vanquished and all the factions decide to live in peace, and Iraq's economy booms, that ratio (money supply to reserves) is not going to change very much. They have RV'ed down by a few percent, and maybe in the future they will RV up by a few percent as well, but 100%, let alone 100,000% has never been possible and never will be possible. That is the scam. You don't have to be some investment wizard to get that, you just have to do some arithmetic. Note that as the economy grows the money supply and reserves also grow (as long as there is a trade surplus) and thus it become all the harder to alter the ratio. Its easy to print money, but un-printing it is something no one has ever figured out, which is why a LOP is likely in Iraq's future, though when is anyone's guess. They might LOP or might not, but they CAN NOT RV, and never could.TheArtistFormerlyKnownAs wrote:Well I just don't know for sure what the CBI will or won't do to get their notes back , word on the street is they are reducing the note count to one billion notes (from nine billion notes) ,the reason why is debatable , but we just don't know for sure. And since the CBI sold it in the range of .0008/IQD to 1 USD a lot has changed and has happened , (there was 30 trillion Dinar in circulation , and the note count was 9 billion, has any of that changed? I just don't know for sure), when I purchased there was multiple bombs going off in and around Baghdad every day , they didn't even have a seated Government or a Prime Minister, a lot has changed but it has never been reflected in the exchange rate of the currency, so I don't know for sure what the CBI will or won't do in order to get my Dinar.
There are some who believe that there is an organized conspiracy of sorts to get our Dinar out of our possession, and I can't say for sure if they are right or wrong, I just have no way of being sure. So I ain't taking any chances.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
What does "enter the global market" mean, and can you please point me to the link at the IMF where they say this (all their stuff is online, and organized by country).TheArtistFormerlyKnownAs wrote:Well I am not going to do anything just yet I will see if Iraq enters the global market (as the IMF said they would) the first half of 2016, and then I will think about what I should do, ie hold on until they LOP or get out ASAP.
Note that if they do LOP no one will want to buy, so if the dealers have only been re-selling what they buy back and do not in fact have a channel back to Iraq, it may be difficult to unload at all and if you can do it it won't be cheap, they'll want the same 20% and the rate they get (that they are giving you 80% of) might not be so good.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
I have seen one translated NEWS MEDIA video out of Iraq stating that the CBI was reducing the currency to one billion UNITS from four billion, now the article was a LOP article but still they said that they were reducing the number to one billion units, and they would never tell the World that they were going to RV anyway so of course they would say we are going to LOP.kenlej wrote:All you need to do is look at the CBI to see the M0,M1 & M2
It's about 82679 Billion dinar To put it at 9 Bil would be a giant LOP and the way to do that would be to re dominate the currency and like Turkey close the border and make everything outside worthless and that is the most likely scenario so you're playing a risky game and about me not being very nice it's like this.
ANYBODY WHO STILL BELIEVES THIS SCAM CAN NOT BE TAKEN SERIOUS BY ME. I get along great with the guru hunters and I don't have any bridges to sell you in London so to me I figure you must of got an inheritance to spend $20,000 on toilet paper and you probably have somebody to water you twice a week so do you get the picture of what I think of dinarians who still believe this scam? If not I think you're a useless air breather who should be put out of your misery by a bullet between your eyes and I think I'm being very nice to you LMAO I've made a lot dinarians self worth belief sink to less than a worm so I hope you still think of yourself more than that
And this being a scam?, well most of the gurus are lying through their teeth to boost Dinar sales there is no doubt about that (I am not sure about Breitling though), but to put the whole Dinar currency in to a box with the gurus is not right, there are bitcoin scammers even today try to google bitcoin scam , but that's not to say that bitcoin itself is a scam, it is the same for the Dinar , the fact of the matter is you can not say 100% that the Iraqis are never going to raise the value of the Dinar (if they were going to LOP then why drag their feet, they could have done it 7 or 8 years ago, but they didn't). I don't know anything about the Dinar or investing in general but the way I see it if it is on the mainstream media then it can't be to far into science fiction, if I was the tell the mainstream that I wanted to turn lead into gold they wouldn't do a story on it because they would think claiming or trying to turn lead into gold is ridiculous , they would never do a story on that , but they did do a story on the Dinar , I have seen three examples, so it can't be science fiction.
And about your outburst , you are just an argumentative A hole that really needs to get a life , what the hell are you doing spending so much time here? go out for a walk or go into Town or something get drunk ,anything, again what are you doing here , you have never even owned Dinar is that what you are saying you troll fool? , if that is the case what are you doing here , you really need to get a life. And also , for the record I have never gotten inheritance. Oh and what is with all of the laughing symbols all the time , you are easy to amuse , you have a crap sense of humor.
Last edited by TheArtistFormerlyKnownAs on Tue Mar 15, 2016 12:49 pm; edited 3 times in total
TheArtistFormerlyKnownAs- Active Member
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Re: What to do with my 20.000.000 Dinar?
I can see your point about 10 ten K notes is the same as one 100K note , it is just I am not 100% convinced that this is what they are doing , from what I gather it costs a hell of a lot of money to reduce the note count , why go through all of that effort just so you can carry one 50k note rather then two 25k note , I don't buy it. AND ,You don't know that they didn't release the 50K note just to keep speculators away , we don't know , and as far as the 100K note go's ,there are none.jrg wrote:I don't think you get what is going on here. The note count is irrelevant to the possibility of an RV (its also irrelevant to the economy, its just logistics about being easier to have one 100,000 IQD bill instead of ten 10,000 bills). The price of oil is key for Iraq's economy but irrelevant for an RV. The only thing that matters when adjusting the exchange rate is the size of the CBIs reserves and the size of the money supply. Nothing else. Even if oil goes up and ISIS is vanquished and all the factions decide to live in peace, and Iraq's economy booms, that ratio (money supply to reserves) is not going to change very much. They have RV'ed down by a few percent, and maybe in the future they will RV up by a few percent as well, but 100%, let alone 100,000% has never been possible and never will be possible. That is the scam. You don't have to be some investment wizard to get that, you just have to do some arithmetic. Note that as the economy grows the money supply and reserves also grow (as long as there is a trade surplus) and thus it become all the harder to alter the ratio. Its easy to print money, but un-printing it is something no one has ever figured out, which is why a LOP is likely in Iraq's future, though when is anyone's guess. They might LOP or might not, but they CAN NOT RV, and never could.
TheArtistFormerlyKnownAs- Active Member
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Re: What to do with my 20.000.000 Dinar?
Everyone has a right to their own opinion , I stand by my decision to keep my currency. People can say whatever they want. I want truth, and everyone has an agenda. Time will tell, I've lost more in the stock market. We need to support each other, period. It really does not matter where you stand, or we are no better than THEM.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
They have to replace worn out notes anyway, the fewer they have the fewer they have to replace every year. But the key point is that the note count is irrelevant. It changes nothing about why a huge RV is not and never was possible. You of course completely ignored that aspect of my post.TheArtistFormerlyKnownAs wrote:I can see your point about 10 ten K notes is the same as one 100K note , it is just I am not 100% convinced that this is what they are doing , from what I gather it costs a hell of a lot of money to reduce the note count , why go through all of that effort just so you can carry one 50k note rather then two 25k note , I don't buy it. AND ,You don't know that they didn't release the 50K note just to keep speculators away , we don't know , and as far as the 100K note go's ,there are none.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
Its of course true that its your brain and you can fill it with what ever you want. Its also true that there are actual facts in the world. e.g. 2+2=4. You are free to claim 2+2=17, but that is clearly known to be wrong. You are free to believe in things that are known to be wrong but, that seems fundamentally different to me than people having different opinions on things. For example some might have an opinion that Iraq's economy will start doing better this year, others might think it will stay down (I have no idea). The impossibility of a huge RV is in the known facts arena. Its not even theoretically possible.Sandnsea wrote:Everyone has a right to their own opinion , I stand by my decision to keep my currency. People can say whatever they want. I want truth, and everyone has an agenda. Time will tell, I've lost more in the stock market. We need to support each other, period. It really does not matter where you stand, or we are no better than THEM.
Last edited by jrg on Tue Mar 15, 2016 1:24 pm; edited 1 time in total
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
We can agree to disagree, sometimes 2 + 2 = 5
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
No we can't. 2+2 always is 4, never 5 (and don't give me crap about different number systems or etc.). There are some things we can be certain about, those are facts. Whole number base ten arithmetic is a made up system in which 2+2 is ALWAYS 4.Sandnsea wrote:We can agree to disagree, sometimes 2 + 2 = 5
Likewise the RV is not possible. Tens of trillions of IQD in the money supply and tens of billions of USD in the reserves points to a 1000:1 exchange rate. That's it.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
Sandnsea wrote:We can agree to disagree, sometimes 2 + 2 = 5
Would you explain, please?
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Ssmith- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
It is your opinion that note count irrelevant, I have heard other opinions saying that it is relevant (Breitling), I don't know much but I do know that the less there is of something then the more it is worth, and a huge RV not being possible , again I don't know much but if it is on the mainstream media then it can't be too far into science faction, that's the way I see it. Plus you can't say that they will never go for a slow grow of the exchange rate. If they were going to LOP then why not do it 8 years ago , why drag their feet.jrg wrote: They have to replace worn out notes anyway, the fewer they have the fewer they have to replace every year. But the key point is that the note count is irrelevant. It changes nothing about why a huge RV is not and never was possible. You of course completely ignored that aspect of my post.
And what do you mean by "YOU OF COURSE" ?,do you think you know me? do you think that I have a hidden agenda here?, I don't ,I am just a Dinar holder, as sandnsea said time will tell who is right and who is wrong , if I am wrong then great you live and learn.
Last edited by TheArtistFormerlyKnownAs on Tue Mar 15, 2016 1:51 pm; edited 1 time in total
TheArtistFormerlyKnownAs- Active Member
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TheArtistFormerlyKnownAs- Active Member
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Re: What to do with my 20.000.000 Dinar?
Great find, and true. Only invest what you can afford to lose. I've never had so much fun with an investment. And I do not need to explain why sometimes 2+2=5 because sometimes you just know!
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
Jrg a bit OCD? Relax, chill it's ok if we disagree. You think in a linear fashion. Sometimes you need to see the wider picture. No harm done.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
Sandnsea wrote:Great find, and true. Only invest what you can afford to lose. I've never had so much fun with an investment. And I do not need to explain why sometimes 2+2=5 because sometimes you just know!
Great find? They are calling it a scam. Those were the old Sadam notes they were referring to, not what are being sold today.
Sorry, but 2 + 2 = 4.... Always has been and always will be. You can't just wish for another answer. That's simply just fantasy.
Last edited by Ssmith on Tue Mar 15, 2016 3:14 pm; edited 1 time in total
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Ssmith- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
No, its a fact. If you want to dispute it, then make an argument showing that somehow the note count is significant.TheArtistFormerlyKnownAs wrote:It is your opinion that note count irrelevant, I have heard other opinions saying that it is relevant (Breitling), I don't know much but I do know that the less there is of something then the more it is worth, and a huge RV not being possible , again I don't know much but if it is on the mainstream media then it can't be too far into science faction, that's the way I see it. Plus you can't say that they will never go for a slow grow of the exchange rate. If they were going to LOP then why not do it 8 years ago , why drag their feet.jrg wrote: They have to replace worn out notes anyway, the fewer they have the fewer they have to replace every year. But the key point is that the note count is irrelevant. It changes nothing about why a huge RV is not and never was possible. You of course completely ignored that aspect of my post.
And what do you mean by "YOU OF COURSE" ?,do you think you know me? do you think that I have a hidden agenda here?, I don't ,I am just a Dinar holder, as sandnsea said time will tell who is right and who is wrong , if I am wrong then great you live and learn.
The less there is of something the more it is worth? Only if that thing has intrinsic value. For a pegged currency its value is given entirely by the reserves that back it. So the value is not the number of units, but the amount of reserves that are available to back each unit.
The mainstream media you show is NOT claiming the RV is possible, but reporting that other folks have bought IQD thinking that it is. Its bad reporting that they do not make it clear this is a scam, but note they also get other things wrong like claiming that a Dinar is now worth mere pennies, in fact its 8/100ths of a penny.
Slow growth or fast growth, it doesn't matter. It can't exceed the ratio of the money supply to the reserves. Could it slowly go up say 2% (especially from its current state)? Sure. But go up slowly 1000% or 100,000%? i.e. to the famed 1:1 RV? No that is not possible. Iraq can not have a money supply worth more than the reserves it has, let alone worth more than all the money supplies of all the countries of the world (which is only about 50T USD worth and Iraq has 75-80T IQD).
They didn't LOP, who cares? Maybe they never will LOP, they don't have to. South Korea has done just fine with a currency worth even less. Again its not LOP or RV, its LOP or not, but no RV.
I said "you of course" as its common for the RV-beliers to just close their eyes to reality and ignore things that intrude into their imaginary world where an RV is possible. That IS what you are doing isn't it?
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
You know nothing of how I think. There are many, if not most, things in this world where we can't really be sure, where a wider picture might tell a different story. That is what makes this scam so unique, the IQD RV is NOT one of those things. It is not merely unlikely but impossible.Sandnsea wrote:Jrg a bit OCD? Relax, chill it's ok if we disagree. You think in a linear fashion. Sometimes you need to see the wider picture. No harm done.
Last edited by jrg on Tue Mar 15, 2016 2:41 pm; edited 1 time in total
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
By great find I was referring to the dinar as a speculative investment. And the mail she opened had the current 25k notes. This was brought to light in the mainstream, not as a wayyyy out there investment but one with a higher risk as in stocks.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
How can it be a scam if no one held a gun to your head, when you bought you were an adult? Correct? Sounds like you are angry at yourself. You can't save those who wish not to be saved.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
Sandnsea wrote:By great find I was referring to the dinar as a speculative investment. And the mail she opened had the current 25k notes. This was brought to light in the mainstream, not as a wayyyy out there investment but one with a higher risk as in stocks.
Please listen again. At the beginning it's said you WON'T hear about this "investment" from your broker or financial adviser. Think! Why is that? Why has Forbes, and others written that it's a scam? Why has their been numerous warning from various States?
http://whnt.com/2014/05/09/iraqi-dinar-investment-fact-or-fiction/
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Ssmith- GURU HUNTER
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Re: What to do with my 20.000.000 Dinar?
I completely understand , but I never would have achieved where I am in life following conventional wisdom. I tend to think a bit differently than most, and it has served me well.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
A scam is not something you are forced to do, that would be robbery or extortion or something. A scam is simply promising something that the seller knows can not actually happen. Of course I am the only one responsible for not doing my homework before buying and thus having to sell at a loss (though a very small one in the grand scheme of things). What I find frustrating is people who DO have the needed info to see this is s scam and refuse to accept it, who take the world in their heads as the real thing. That syndrome is responsible for many of the problems we face in the world today. If you want a wealth fantasy buy a LOTTO ticket, there you actually have a chance of wining, not so with IQD.Sandnsea wrote:How can it be a scam if no one held a gun to your head, when you bought you were an adult? Correct? Sounds like you are angry at yourself. You can't save those who wish not to be saved.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
I hope you saved some of your Dinar.
Sandnsea- Forum Fanatic
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Re: What to do with my 20.000.000 Dinar?
TheArtistFormerlyKnownAs wrote:It is your opinion that note count irrelevant, I have heard other opinions saying that it is relevant (Breitling), I don't know much but I do know that the less there is of something then the more it is worth, and a huge RV not being possible , again I don't know much but if it is on the mainstream media then it can't be too far into science faction, that's the way I see it. Plus you can't say that they will never go for a slow grow of the exchange rate. If they were going to LOP then why not do it 8 years ago , why drag their feet.jrg wrote: They have to replace worn out notes anyway, the fewer they have the fewer they have to replace every year. But the key point is that the note count is irrelevant. It changes nothing about why a huge RV is not and never was possible. You of course completely ignored that aspect of my post.
And what do you mean by "YOU OF COURSE" ?,do you think you know me? do you think that I have a hidden agenda here?, I don't ,I am just a Dinar holder, as sandnsea said time will tell who is right and who is wrong , if I am wrong then great you live and learn.
I gave you a link to the post where I documented a year or more of Breitling's nonsense and apparently you looked it over because you commented on it. If you can still say that Breitling has a valid opinion about anything dinar-related then you deserve to lose everything you spent on dinar. Not trying to be an ass here, but come on! JRG is right. The note count stuff is doubletalk. The money supply is what's relevant.
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Busting Gurus Since 2011
Re: What to do with my 20.000.000 Dinar?
Not a one! I was careless and stupid for having gotten into this without proper research, but I'm not so stupid to stay in once I realized what was going on.Sandnsea wrote:I hope you saved some of your Dinar.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
WOW,You guys do love a good argument , there are debating forums you know where you can fight it out to your hearts content when this speculation ends. Look I am not going to talk numbers because I wouldn't know what I was talking about, If I am right about my Dinar investment great , if I am wrong then great. As I said I am going to go with what I see in the mainstream media when deciding what is fantasy and what is not, I didn't hear them saying stay away it is impossible to make money from this , the numbers don't add up and so on, you will never hear on the mainstream media that these people think that they are going to turn lead into gold because that is impossible, I am going to go with the mainstream media all day everyday, and they didn't say alert alert alert stay away. Might be my layman's way of looking at it but what the hell, I can trust the mainstream media where as I wouldn't know you from a bar of soap, you could be this that or the other, a car mechanic for all I know.jrg wrote:No, its a fact. If you want to dispute it, then make an argument showing that somehow the note count is significant.
The less there is of something the more it is worth? Only if that thing has intrinsic value. For a pegged currency its value is given entirely by the reserves that back it. So the value is not the number of units, but the amount of reserves that are available to back each unit.
The mainstream media you show is NOT claiming the RV is possible, but reporting that other folks have bought IQD thinking that it is. Its bad reporting that they do not make it clear this is a scam, but note they also get other things wrong like claiming that a Dinar is now worth mere pennies, in fact its 8/100ths of a penny.
Slow growth or fast growth, it doesn't matter. It can't exceed the ratio of the money supply to the reserves. Could it slowly go up say 2% (especially from its current state)? Sure. But go up slowly 1000% or 100,000%? i.e. to the famed 1:1 RV? No that is not possible. Iraq can not have a money supply worth more than the reserves it has, let alone worth more than all the money supplies of all the countries of the world (which is only about 50T USD worth and Iraq has 75-80T IQD).
They didn't LOP, who cares? Maybe they never will LOP, they don't have to. South Korea has done just fine with a currency worth even less. Again its not LOP or RV, its LOP or not, but no RV.
I said "you of course" as its common for the RV-beliers to just close their eyes to reality and ignore things that intrude into their imaginary world where an RV is possible. That IS what you are doing isn't it?
TheArtistFormerlyKnownAs- Active Member
- Posts : 27
Join date : 2016-03-10
Re: What to do with my 20.000.000 Dinar?
Again you miss the whole point. It doesn't matter who I am, or what I know, or what I am expert in. All you have to do is go to the CBI's site, look up the size of their money supply and the size of their reserves and divide. Anyone can do it.TheArtistFormerlyKnownAs wrote:WOW,You guys do love a good argument , there are debating forums you know where you can fight it out to your hearts content when this speculation ends. Look I am not going to talk numbers because I wouldn't know what I was talking about, If I am right about my Dinar investment great , if I am wrong then great. As I said I am going to go with what I see in the mainstream media when deciding what is fantasy and what is not, I didn't hear them saying stay away it is impossible to make money from this , the numbers don't add up and so on, you will never hear on the mainstream media that these people think that they are going to turn lead into gold because that is impossible, I am going to go with the mainstream media all day everyday, and they didn't say alert alert alert stay away. Might be my layman's way of looking at it but what the hell, I can trust the mainstream media where as I wouldn't know you from a bar of soap, you could be this that or the other, a car mechanic for all I know.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
- Posts : 183
Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
Jrg - slow day, just playing with you. Time will tell one way or another, while we are waiting would you like some tea dear?
Sandnsea- Forum Fanatic
- Posts : 194
Join date : 2016-02-16
Re: What to do with my 20.000.000 Dinar?
TheArtist, have you read the Sterling Currency group forfeiture and indictment docs that show the emails between the principles where they are talking about being afraid of going to jail for fraud (exactly what they were charged with) for claiming an RV could happen when "they KNEW" it was never going to happen? How could they know that if it was in fact possible but merely unlikely? Perhaps the FBI understands something the local news reporter did not fully comprehend or articulate.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
I know Sam , he hasn't gotten anything right and so on, I gave it a look, I don't know what he said or didn't say , what he got right or wrong , I have only been listening to his audios for about three months, but I wouldn't say that he is lying , I sense an honesty in him, he says that he is not making money from his audios ,I have never heard him say run here or there to purchase Dinar, I will trust him until he gives me a reason not to. Plus I don't know why you are going after these guys with such enthusiasm, for all I know you guys could have a hidden agenda, I have no way of knowing. I am what is known as a targeted individual (a victim of State sponsored covert harassment) , and in the TI community there are lots of people ONLINE that are claiming to teach you the reality and the facts , and I have learned that a lot of this individuals are very untrustworthy. So I can't help to bring what I have learned to other areas of life (when online), I have seen another thread here claiming that you guys are payed trouble makers and this site is the CIA , and I can not be sure they are wrong.Sam I Am wrote:
I gave you a link to the post where I documented a year or more of Breitling's nonsense and apparently you looked it over because you commented on it. If you can still say that Breitling has a valid opinion about anything dinar-related then you deserve to lose everything you spent on dinar. Not trying to be an ass here, but come on! JRG is right. The note count stuff is doubletalk. The money supply is what's relevant.
Also I don't care what you guys say , if it is true that there was nine billion notes and they are reducing that to one billion notes then that could be very important, if they had nine billion 25k notes and now they only have one billion 25k notes then the one billion 25k notes will be worth more (individually) then the nine billion because there is less of them,(I know that it go's along with what they have in gold and other currency's they have in their reserves, but we don't know for sure what that is either) I don't care that has to be significant. But again if I am wrong then I am wrong , time will tell. Now we are just chasing our tails at this stage and I have got better things to do. (I want to watch the Goldberg's lol).
TheArtistFormerlyKnownAs- Active Member
- Posts : 27
Join date : 2016-03-10
Re: What to do with my 20.000.000 Dinar?
Humor, politeness, and tea are always welcome, but none are an excuse for irrational thinking, especially when it comes to finance.Sandnsea wrote:Jrg - slow day, just playing with you. Time will tell one way or another, while we are waiting would you like some tea dear?
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
- Posts : 183
Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
Let's be friends. This journey is crazy enough.
Sandnsea- Forum Fanatic
- Posts : 194
Join date : 2016-02-16
Re: What to do with my 20.000.000 Dinar?
NO! How would they reduce the note count? They can give 50K's when people get cash instead of 25Ks. That changes the note count but not the money supply. Or they can open up the auctions to more than just imports (as they have indeed said they are doing if I recall). That reduces the money supply (and possibly the note count depending on whether what comes in is physical or electronic) but it reduce the reserves in exact proportion. The ratio of the two, thus the amount of reserves available for backing each IQD stays the same (to be technically correct it does actually go up by a very tiny amount due to the 10% or so excess reserves now being ever so slightly more than 10% of the reduced reserves but that is microscopically small). So individually each 25K note's share of the reserves is what it was before.TheArtistFormerlyKnownAs wrote: if they had nine billion 25k notes and now they only have one billion 25k notes then the one billion 25k notes will be worth more (individually) then the nine billion because there is less of them
The excess reserves they have over and above that amount backing the IQD is no more than 10% now. So to use that (this is the microscopic part I mentioned) to do a 2x RV to 16/100ths of a penny instead of 8/100s, they have to reduce the reserves that are backing the IQD to equal the excess, so the total is 2x the backing part. If the excess is now 10%, they would have to buy back 90% of the money supply, leaving maybe only 7 Trillion in M1 (some say more than that has left the country) with total reserves around 12B USD (6B backing the IQD and 6B excess), and even after all that they could only double the exchange rate. Such drastic changes in money supply and reserves could never escape notice of course.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
- Posts : 183
Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
You're suggesting I be ok with a friend throwing some money away. I'm not that kind of friend.Sandnsea wrote:Let's be friends. This journey is crazy enough.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
Hey it looks like the gangs all here now Marcus,Sam,jrg and I Mike Diston "Kenny" from Baghdad Invest I wondering if THE ARTIST is that guy who argued with us at BI and dinar douchebags He's from Britain
kenlej- GURU HUNTER
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Join date : 2013-12-23
Age : 69
Re: What to do with my 20.000.000 Dinar?
https://www.docdroid.net/132iq/doc-2-6-9-2015-amended-complaint.pdf.html
Above is a link to the Sterling Currency indictment.
While the whole document is good reading, pay particular attention to "B - Knowledge of the Scam", which starts on page 16. These are the owners of a company that sells Dinar making these statements. They are laughing at their customers! What does that tell you???
#17 Frank Bell states that there "would never be an Iraqi Dinar revaluation".
#18 Carole Shaw writes in an email to Ty Rhame "I can't watch these folks be so stupid".
In section "C", you will learn that Sterling had paid TerryK more than $150,000 to pump dinar. Why did they do that? Think people! This whole deal is riddled with lies. I don't understand why so many people refuse to look at it objectively.
Above is a link to the Sterling Currency indictment.
While the whole document is good reading, pay particular attention to "B - Knowledge of the Scam", which starts on page 16. These are the owners of a company that sells Dinar making these statements. They are laughing at their customers! What does that tell you???
#17 Frank Bell states that there "would never be an Iraqi Dinar revaluation".
#18 Carole Shaw writes in an email to Ty Rhame "I can't watch these folks be so stupid".
In section "C", you will learn that Sterling had paid TerryK more than $150,000 to pump dinar. Why did they do that? Think people! This whole deal is riddled with lies. I don't understand why so many people refuse to look at it objectively.
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Ssmith- GURU HUNTER
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Join date : 2012-04-10
Re: What to do with my 20.000.000 Dinar?
Well, thank-you, and let's then call a truce, I'm too old, tired, and cranky to continue. And I rather lurk and learn.
Sandnsea- Forum Fanatic
- Posts : 194
Join date : 2016-02-16
Re: What to do with my 20.000.000 Dinar?
The CBI? ,well I don't COMPLETELY trust those people either lol, and until I see them LOP or do something I don't believe their numbers, if they are going to raise the value of the currency they will never tell the World about it, they are never going to have it so you can go on to their website and figure out that they are going to RV by looking at the numbers. So I would take their numbers with a pinch of salt (until they move one way or another).jrg wrote:Again you miss the whole point. It doesn't matter who I am, or what I know, or what I am expert in. All you have to do is go to the CBI's site, look up the size of their money supply and the size of their reserves and divide. Anyone can do it.
And I know it works the same way when it comes to the reducing the note count by the way.
TheArtistFormerlyKnownAs- Active Member
- Posts : 27
Join date : 2016-03-10
Re: What to do with my 20.000.000 Dinar?
I WASH MY HANDS OF THIS!!!
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Busting Gurus Since 2011
Re: What to do with my 20.000.000 Dinar?
You say you know the Gurus are full of it, yet the only reason you are in this at all is from listening to them (or listening to a friend that did, that was my case) to start with. Even now you rationalize you can't trust all the sources of data we have from Iraq (the rest of the world is buying their oil and selling them stuff so we know how much that is, as well of course as the CBI having been scrutinized by the IMF, UST, and WB) and still stay in. Basically you're still blinded by greed and still listening to the Gurus (retroactively so to speak). You are pretty likely to lose all you have invested. Have fun with that.TheArtistFormerlyKnownAs wrote:The CBI? ,well I don't COMPLETELY trust those people either lol, and until I see them LOP or do something I don't believe their numbers, if they are going to raise the value of the currency they will never tell the World about it, they are never going to have it so you can go on to their website and figure out that they are going to RV by looking at the numbers. So I would take their numbers with a pinch of salt (until they move one way or another).jrg wrote:Again you miss the whole point. It doesn't matter who I am, or what I know, or what I am expert in. All you have to do is go to the CBI's site, look up the size of their money supply and the size of their reserves and divide. Anyone can do it.
And I know it works the same way when it comes to the reducing the note count by the way.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
- Posts : 183
Join date : 2016-02-13
Re: What to do with my 20.000.000 Dinar?
TheArtistFormerlyKnownAs wrote:The CBI? ,well I don't COMPLETELY trust those people either lol, and until I see them LOP or do something I don't believe their numbers, if they are going to raise the value of the currency they will never tell the World about it, they are never going to have it so you can go on to their website and figure out that they are going to RV by looking at the numbers. So I would take their numbers with a pinch of salt (until they move one way or another).jrg wrote:Again you miss the whole point. It doesn't matter who I am, or what I know, or what I am expert in. All you have to do is go to the CBI's site, look up the size of their money supply and the size of their reserves and divide. Anyone can do it.
And I know it works the same way when it comes to the reducing the note count by the way.
They actually did do something with their currency:
https://www.dinardaily.net/t49919-breaking-news-cbi-info-announcement
I think folks here have covered the note count, but here is more about money supply:
https://en.wikipedia.org/wiki/Money_supply
Also some more "Mainstream News" videos:
.
.
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RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Re: What to do with my 20.000.000 Dinar?
Sandnsea wrote:We can agree to disagree, sometimes 2 + 2 = 5
That's an easy one...
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RamblerNash- GURU HUNTER
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Join date : 2015-02-19
Re: What to do with my 20.000.000 Dinar?
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Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: What to do with my 20.000.000 Dinar?
kenlej wrote:Hey it looks like the gangs all here now Marcus,Sam,jrg and I Mike Diston "Kenny" from Baghdad Invest I wondering if THE ARTIST is that guy who argued with us at BI and dinar douchebags He's from Britain
Are you talking about ANDY?
Ponee- Admin
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Join date : 2011-08-09
Re: What to do with my 20.000.000 Dinar?
Well I hope you are wrong jrg about me losing everything, but if I do I do you live and learn. I think Sam is right this thread has run its course.
I am curious as to why you guys don't literally go Guru hunting on the "GO RV" forums, seems to me you are preaching to the choir around here , there are no gurus to hunt, I am not the guy to fight it out with you because I don't know Jack about Dinar, I just took a chance and got into the investment or gamble whatever you want to call it, the only reason I am here is because I wanted to get the other sides opinion about this speculation and although I am not parting with my Dinar you do seem to know your stuff , do you know it all though? well that remains to be seen, plus I came here because I got banned from the other forum for telling the leader (owner) of the forum what I thought of him and I guess he is a sensitive kind of guy lol . See you around guys. Thanks.
I am curious as to why you guys don't literally go Guru hunting on the "GO RV" forums, seems to me you are preaching to the choir around here , there are no gurus to hunt, I am not the guy to fight it out with you because I don't know Jack about Dinar, I just took a chance and got into the investment or gamble whatever you want to call it, the only reason I am here is because I wanted to get the other sides opinion about this speculation and although I am not parting with my Dinar you do seem to know your stuff , do you know it all though? well that remains to be seen, plus I came here because I got banned from the other forum for telling the leader (owner) of the forum what I thought of him and I guess he is a sensitive kind of guy lol . See you around guys. Thanks.
TheArtistFormerlyKnownAs- Active Member
- Posts : 27
Join date : 2016-03-10
Re: What to do with my 20.000.000 Dinar?
Hey artist. You can always take a wonderful vacation in Iraq with half of your 20 mil. It is still good currency in Iraq.
mightyoak- Forum Fanatic
- Posts : 188
Join date : 2015-10-16
Re: What to do with my 20.000.000 Dinar?
On the GO-RV forms you'll just get banned for showing that the RV is not possible. Do I know everything? Why yes I do! :-) Well not really of course, but you don't have to know everything to know enough to see that this is impossible.TheArtistFormerlyKnownAs wrote:Well I hope you are wrong jrg about me losing everything, but if I do I do you live and learn. I think Sam is right this thread has run its course.
I am curious as to why you guys don't literally go Guru hunting on the "GO RV" forums, seems to me you are preaching to the choir around here , there are no gurus to hunt, I am not the guy to fight it out with you because I don't know Jack about Dinar, I just took a chance and got into the investment or gamble whatever you want to call it, the only reason I am here is because I wanted to get the other sides opinion about this speculation and although I am not parting with my Dinar you do seem to know your stuff , do you know it all though? well that remains to be seen, plus I came here because I got banned from the other forum for telling the leader (owner) of the forum what I thought of him and I guess he is a sensitive kind of guy lol . See you around guys. Thanks.
We all should have recalled Warren Buffetts advice when we got into this mess "I never invest in things I do not understand". Its worked pretty well for him.
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"Now my own suspicion is that the Universe is not only queerer than we suppose, but queerer than we can suppose." J.B.S. Haldane 1927
jrg- Forum Fanatic
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