A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency.
According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a local commodities trader as saying he could possibly think of worse investments than Iraqi money at this time, but would be hard pressed to do so:
"If you want to make a wild investment, I'd buy Russian rubles ... It (the dinar) would be one of the most foolhardy investments you can make."
Meanwhile, CNBC columnist Kelley Holland says the dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms:
"If someone has been telling you about the rosy prospects for the dinar, please, please, be careful. It's almost certainly too good a story to be true."
On Thursday, Komo News in Seattle, Washington, ran a news report on the dinar and interviewed one woman who had actually bought what she believes to be Iraqi dinars on the internet. You can find the full video report on the next page ...
My messages aren't coming through
Doc. Focus... Please concentrate here
WILL YOU PLEASE PROVIDE THE CONTACT INFO FOR YOUR SHOW?
I think he was drunk
Yall are STUPID AND IGNORANT
Y'all are some ignorant folks.I must be drunk?That's awful but what should I expect from those who can't dialog in an immature way
If you give me a email address i'll send the number,If you have a Facebook page I'll inbox it to you Stew.but to those who display ignorance I will not tolerate posting any info openly.Everyone is welcome for sound dialog on my various platforms,but i don't tolerate ignorance.i posted several comments saying the same thing but they didn't go thru apparently.But I will not openly put my info out here for those who are disrespectful to engage me or my other guest in unfruitful dialog.I welcome counter discussion concerning the iraqi dinar.That's how i learn by listening to all angles.
OK now I see.
Yall are STUPID
"Y’all are some ignorant folks."
"I welcome counter discussion concerning the iraqi dinar."
ROFL. Hypocrisy at its finest. Everyone here can see straight through you, son. You lost the argument - from all aspects and all you did was run away and mouth off over your shoulder like the scrawny arrogant kid at school who picks fights but never follows through because he knows he'll get an a*s-whooping. If you have some proof to offer about the "RV" - then either put up - or shut up your girly whining. You are what us Marines would call an "ASVAB waiver". Look it up.
LOL. John, I think we've reached the point where it's blatantly obvious trolling rather than just being stupidity based innocence (especially posting 4-6 posts at a time of one-liner insults - the classic definition of a troll). That many of his posts were deleted by the very liberal mods speaks yesterday for itself.
If Doc has anything coherent and polite to say like a grown adult, I'm still quite happy to debate him / answer any of his questions (on either the Iraqi Dinar or the Vietnamese Dong) - anyone else too - but personally, I'm not prepared to fuel his giant ego any further by wallowing in the gutter with his drunken name-calling. Every neutral person can see who has all the facts - and who has all the rage and bluster...
Have a good one all.
Hang on - slow down guys. So let me get this straight. You take $1,000, you walk into a bank / money exchange and you buy $1,000 worth of Iraqi Dinar. And some people believe that if you hold onto it through a currency redenomination like Turkey, Afghanistan & oil-rich Venzueala went through, then the cashier will give you $1m upon changing it back for your $1,000 worth of Dinar? People really believe that? For real? Wow...
Thanks to all for your contributions to the debate, but I must ask that you all keep the conversation civil.
Please address the questions under discussion, and refrain from name-calling.
- Editor
Editor - Thank you!
J Masters - "So let me get this straight. You take $1,000, you walk into a bank / money exchange and you buy $1,000 worth of Iraqi Dinar. And some people believe that if you hold onto it through a currency redenomination like Turkey, Afghanistan & oil-rich Venezuela went through, then the cashier will give you $1m upon changing it back for your $1,000 worth of Dinar? People really believe that? For real? Wow..."
Yes that's pretty much it. People latch themselves like a limpet onto "feel-good" (and very convincing) salesmen (some of whom were involved in the prior CMKM penny stock fraud "pump and dump" con using the same "secret intel on radio calls" tactics) who promise the Earth by trawling currency comparison sites - picking the weakest ones ("just look at HOW MANY you get per Dollar!") that are weak due to prior chronic / hyper-inflation and try and "pretend" that inflation never occurred and they're really "undervalued" due to some abnormal "secret aberration" that millions of people around the world who trade them every day are too "stupid" to see but Mr. Pumper of Arkansas "knows the secret" - when in fact the currencies are weak simply because they've been over printed no different to 1920's Germany or Zimbabwe. Or 70-odd other countries over the past century.
What they call "undervalued" is in fact - plain ordinary inflation and the dilution effects of basic currency over-supply vs economic demand. And what they amusingly call "the RV" is in fact demanding that 999x more money be printed (which would instantly trigger off hyper-inflation - everyone's a millionaire but bread will cost $1,500 per loaf, houses would be $250m each instead of $250k, etc...) in the confused belief that "the more money you print the stronger a currency gets". Back in reality the more currency that are printed - the more each currency unit gets devalued. That happens to all currencies (strong and weak) and isn't even up for debate as a universal observable phenomenon. If people do not understand it, they need to keep calm and take responsibility for their own education rather than blow off steam out of frustration against those who do.
That there are over 60tn Iraqi Dinar's and over a staggering 1qdrn (1,000 trillion) Vietnamese Dong in circulation - and that Saddam Hussein printed huge amounts of Dinar under the sanctions (precisely because if you can't trade or borrow - then all you can do is print!) - goes straight over some people's heads... That many Iraqi's are using Dollars (a phenomenon called "Dollarization") and Vietnamese have been buying houses with gold rather than native currencies speaks for itself. It's actually pretty racist to declare all those 100m people "stupid" as well. People in their own countries know exactly what's going on with their own currencies - a lot more than people with a sales agenda who hang onto "radio calls" every week.
As mentioned previously, the debate isn't even economic anymore - it's really psychological. That's why when facts are on the table, all you will get in response is angry emotional outbursts from some people. Hope this helps, and hopefully things can get back on track to polite fact-based debate again! Have a good one.
Yep Doc so true. I'm not bothering to reply to any of them, they have no intention admitting that they just could be wrong. Even though I have said time and time again that I could be wrong, they just can't be wrong, can they?????
Trevor - "I am happy even to admitt that I could be wrong, but not these lot of goody two shoe, know it alls, WHO JUST CAN”T BE WRONG, heaven forbid it."
Trevor - "Even though I have said time and time again that I could be wrong, they just can’t be wrong, can they?????"
Trevor, let me ask you some questions - and please answer them honestly and politely. Here they are:-
Do you believe that a drop of water can be larger than the glass of water from which the drop was taken? Do you believe that a grain of sand can be larger than a beach from which the grain was taken? Is a slice of bread larger than a loaf from which the slice is a part? Can an apple pip be larger than an apple including the pip? Is a screen pixel larger than a screen? Is an electron bigger than an atom including the electron?
Can a fish's scale be larger than from the same fish it came? Can a leaf be larger than a bush including the leaf? Can a mountain pebble be larger than a mountain including the pebble? Can a wheel be larger than a car (including the wheel)? Can a saddle be larger than a bicycle including the saddle). Can a dog's claw be larger than the dog (including the claw)? Can a millipede's leg be larger than the millipede?
Can Iraq's economy be bigger than Earth's economy of which Iraq's economy makes up just 1%?
Most honest sane people would truthfully answer "no" to these questions because the answer is not a relative subjective emotional "feeling" that can be argued over like art critics discussing the "mood" of Da Vinci - it's one of objective literal physical impossibility.
Where you are going wrong Trevor is quite simple - you believe basic mathematics & economics surrounding the redenomination are somehow "relative" and "must have no right answer" because it keeps the dream alive. Your intentions of not getting hurt are entirely understandable, but some things in life do have an objective right answer and plenty of wrong ones - and a country like Iraq can no more have a larger money supply than Planet Earth of which it makes up just 0.43% of the world's population in people and 0.24% in economy size, than a small village in Hawaii can have an economy larger than the United States of America (which includes that small village) - or France can have an economy larger than Europe - including France!
The "RV" argument is so incredibly stupid that it defies belief that it actually needs explaining why Iraq's money supply cannot be larger than the total global money supply of every country on planet Earth - including Iraq's - combined - and 500x larger than Iraq's own economy (which is the equivalent of America having a money supply of $7,500tn instead of $15tn)...
What you seem to crave in post after post seems to be emotional reinforcement rather than simple honesty - you WANT others to "possibly be wrong" just to feel better about your 'investment' so you won't have to think it through - not because it's the actual truth.
Here is the real truth : Iraq may redenominate - or they may call off the redenomination and not do anything. Either way - the "RV" in the sense of an absurdly claimed 1:1 banknote exchange ratio after a 1000:1 currency adjustment (the world really doesn't work like that) vs the $ is still a mathematical objective impossibility - because there isn't enough money on the planet even if every man, woman & child in every country on Earth - all 7 BILLION people - gave every single bank-note, they had to Dinar speculators plus all money in their bank accounts, their incomes, their savings & pensions and resorted to foraging for food to survive. That's the scale of ridiculousness of the 1:1 banknotes exchange "RV" claims. And no - I genuinely am not wrong in saying "The impossible cannot happen because it is impossible".
If the whole Earth's money supply is around $60tn...
http://goldseek.com/news/2009/1-12mh/11.png
...Then Iraq having under 0.24% global GDP cannot possibly have $62tn of Dinar's whilst also simultaneously being 0.24% of the $60tn! There is nothing to "believe" or "get wrong" about this. It's basic maths with one right and plenty of wrong ones. You're not just trying to fit a square peg into a round hole, you're trying to fit a car into a tyre, a loaf into a slice, a beach into a grain of sand, an apple into a pip, a glass of water into a droplet, etc. I really cannot think of any other way of spelling it out short of breaking out the purple crayons and explaining why daddy dinosaur's toe (whom he nicknames "Iraq") can't be bigger than daddy dinosaur (whom his wife nicknames "planet Earth").
The only genuine "unknown" with the redenomination is the "when" - The Iraq Central Bank have delayed it for various reasons number one being inflation creeping up again. The "what" is not unknown and hasn't been for over two years now. Exceptionally clear information has been given - they've even described the new banknote designs in detail.
"The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures, in addition to coins in both Arabic and Kurdish. This will include a new 50 Dinar bill with a value of $43 (50,000 current note Dinar)."
Dinar speculators don't want to hear it out of personal discomfort and vested interests - sure that's a given - but the redenomination simply is what it is whether it's accepted by 'investors' or not.
I have answered your points politely, honestly and truthfully with 100% verifiable facts for those who are willing (which be honest- is the real issue isn't it?) Have a good day sir.
Yes, thanks Barry. I do understand the general process and what you and Stew (and others) said. Just amazed at how some can't see the wild contradiction. You print more money - currency value goes down. Yet to turn $30-60bn into $30,000-60,000bn would involve... printing 999x more which would drive its value down not up! Likewise to make 60tn Dinar's 1,000x stronger would mean reducing the amount circulating to 60bn Dinar's (redenominating). You can no more "RV" them by keeping the same amount in circulation than you sell Snickers bars for $800 each just slapping a $800 price tag on it because that's what you it to be. It's valued by the market, not some centrally planned Communist dictat. No-one would else would trade the currency if it suddenly became 1,000x more expensive and still 1,000x more prevalent than peer neighbors like Kuwait (it'll just instantly self-devalue again due to obvious massive inflation of an entire planet's money supply all circulating inside a country smaller than Canada!)
I guess it's one of those "big lie" technique scams - ie, a claim so outrageous that some people believe that no-one could have the sheer impudence or audacity to distort the truth so absurdly - and therefore decide "it must be true because of it". All the best.
Trevor - If you're "not "talking to any of them" then why bother posting? What do you want - attention seeking or trolling for a reaction? Sorry but you genuinely are wrong about this. Barry did an awesome post above that spelled out exactly why it is literally impossible for even any large country like China let alone a smaller one to have an economy & money supply bigger than everyone's (including Iraq's) combined. I've another one to add - can your fingernail be bigger than your arm including your finger nail? There's nothing personal about this. Just the truth & common sense.
Doc... can you post the link to listen to past conference calls?
And just for your info. If you are having Ali on this Sunday, you might want to be prepared for the fact that Ali has been stating that all this delete 3 zero talk is in fact a lop. He clams they might not do the lop and allow the dinar to naturally appreciate upward SLOWLY. He in no way believes in a big RV.
See... Ali has already made his millions off this scam. So he's now talking more truthful. He’s covering his arse.
Also... Dinar Daddy came out and said the same thing recently. He has switched to butt covering mode also. Look for more and more of the scammers to start changing their story as this gets closer. They also tell you they have been aware of this outcome all along and you were warned it might happen.
Might be worth asking why they've been banning for years anyone who tried to explain this outcome to thier members.
I understand your willingness to be right.But my question to you and your cohorts is have y'all bought some dinar?Mmm I've ask this several times and no answer.Now again ALI will be on my radio show and if you are anyone else leave a email address I email u what time.This will be EPIC.He is willing to answer any question or challenge which is pose to him.We talked today about the informative interview.Those who are more interested in being right really don't want truth.He owns Dinar Trade,so he understands all the garbage pro and con that's out here.My purpose is to tackle this head on.PPl can believe whatever they want but the truth shall set you free.Again give me your emails if you're serious.
I've invested and is totally at peace,some of y'all can't be honest about your investment,but I can.Again all investments is a risk.ANY real investor knows this.This is a real currency and a real investment.Twist it turn it contradict it if u will.BUT THIS IS REAL.
I understand some of y'alls displeasure and unbelief in this investment.And that's fine.I've read both sides views.But to me my investment is a win win one for me.Now if it does give me a return time will tell.I'm even looking to invest more money into this currency.I'm very solid in my beliefs and convictions.I'm very successful and have no reservations.Y'alls point of view have been very well taken now respect our point of view.Y'all believe what y'all believe and I believe what I believe.All that has been written by u guys is not completely true and can be challenged.Which I chose not to.I again understand everything that has been said,I just don't agree with you fellows.But I do comprehend very well.One seed can produce a forest,drops of water can fill a glass eventually.One weed can spread like wild fire.And a thousand can produce mils.So nothing is impossible to them that believe.
Doc. It's obvious you are scared to tell us who you are and what your show is. It’s ridiculous that you would ask people to post their e-mail address on a public forum.
As for respecting your opinion… again ridiculous. Any notion of the dinar RVing a substantial amount is a complete SCAM. You are pushing and promoting a scam. That puts you in a category of people that deserve zero respect in my book.
Well put Stew!
This guy reminds me of JC/ government connected.
Doc is probably involved with the pumpers and posts here to keep guys like Rich feeling they still have hope.
I'm in a good place financially,My show will be aired all over the world so if you guys that are doing all the negative talking want to be a part of this dialog give a email if not then y'all will NOT be a part of the show.I have a very large platform.BTW Me a pumper?
What am I pumping???I own dinars and thinking abt buying more.LOL Give me an email and we'll b n business.My platform is pretty large,so if you guys don't make it u won't be missed.But I gave u guys the opportunity that's all I can do.EMAIL PLEASE AND U WILL HAVE THE INFO,PHONE NUMBER ETC.
Blah,blah blah,u guys are so full of pride it's amazing.lol It's obvious i'm scared?Scared of who and what?A couple of guys who have invested in the diars and can't admit it?
Btw y don't y'all give those dinars away since they don't mean anything to ya.lol
KEEP IN MIND THIS IS ANOTHER COUNTRIES CURRENCY.So no matter how much u fellows copy and paste those loooooooonnnnnng articles ain't going to change a thing with me.I've done myfair share of research and i'm very please.I ave friends who are vice presidents of bank,private/personal bankers of whom i've talked to.
J Masters - That's exactly it. You've nailed it in one. It's like living in a parallel universe where, eg, you go to an antiques auction and people are saying "That's one of kind - therefore it's worthless", whilst some people are queueing up to buy $0.01 paper clips for $10 each because "trillions of them have been circulated so their low 1 cent each price tag is obviously "undervalued", therefore paper-clips must be worth 1,000x more!" on the back of a stranger's Internet radio call advice... 🙂
Strangely many of these people are normally intelligent enough to understand exactly the same truths & logic when applied to any other country, eg, "The Federal Reserve shouldn't print more because it will devalue the Dollar reducing the value of the Dollar vs other currencies" - they nod and agree - it's only because of the false promise of being a "free millionaire" that suspension of disbelief kicks in and a "denial bubble" forms around anything connected with the promise. Ultimately, it's all down to self-imposed defensive psychological filters in the end. That's why so many claim to be "under attack" when holding a fact-based normal conversation on the Dinar.
As to Doc's question "How many Dinar's do we have" the answer is zero - the same zero of Zimbabwe Dollars and Vietnamese Dong "owned". Why? Because quite simply, hyper-inflation is not an "investment" 🙂
Doc, your wasting your breath with them. It's real simple to them, they are right and we are wrong, and they are not going to admitt anything else. I am lost for words, I have made it clear, that only time will tell if my decision to by IQD was a right one or not. How can they argue with that statement, but these jokers do. It's like yelling into gale force wind with these lot, no sorry it's worse, because with these lot it's not that they can't hear, they just don't want to hear what we have to say. Instead of saying to us, we think your wrong, but good luck, hope that it turns out ok for you. NO WAY, not these lot, they are right and we are wrong, and they won't have it any other way. See if I am wrong with this decision then a few thousand Australian dollars is all I will loose, will I go and slash my wrists, no because that is only chicken feed compared to a property purchase that I made 25 years ago, two years later I sold it for a 1/4 million dollar lose. Did I slash my wrists back then NO, and it wasn't just a property that I lost, it was my livelyhood, as I was a farmer and that farm was my future. So am I frighten if this adventure doesn't work out? Hahaha that is just so funny, will I be disappointed if I'm wrong, yes, and will be for reasons that I am not willing to go into here with the likes of BS,L and friends here on this blog. See Doc, I don't believe that I will be disappointed, and the reasons for that belief is also not going to be printed here on this blog either. So Doc have fun banging your head against the BS,L exetera brick wall, you must have a harder head than mind, because me doing so is just giving me is a headache.
Trevor I suggest you read this post:-
https://www.iraq-businessnews.com/2011/11/11/iraqi-dinars-one-of-the-most-foolhardy-investments-you-can-make/comment-page-7/#comment-103720
It was addressed directly to you. Now you can either read and debate it politely like a grown up, or carry on running away and talking about people in the third person behind their backs to get the last word in at any cost like a child. Until then, as the old 60's song went : "Keep on running, keep on hiding"...
Trev - "It’s real simple to them, they are right and we are wrong, and they are not going to admitt anything else"
That's because they are right and they've come with factual statements proving they are right and there's nothing else to "admit". All you're doing is repeatedly demanding nonsensical emotional appeasement rather than engaging in debate. Like watching two groups of people debate 5+5. One group says it's "10" and the other says "no-one can possibly know because I don't want to be hurt my own fantasies if I hear the number 10 because someone promised me a million dollars for saying it's 10,000". The Dinar redenomination is based around clear mathematics that actually have to add up in the real world, not some "Who really shot Kennedy?" or "Is the Loch Ness Monster real?" waffle. I don't blame them for rejecting false relativism and appeasement tribute demands and focussing on the simple objective truth. "No-one can possible know because I say so" worked in 2003 and went out of fashion in 2010. It's dead as a serious argument in 2012 given the sheer amount of information officially given out, as the only people who don't know are the ignorant who simply don't WANT to know out of being blinded by greed.
Trev - "How can they argue with that statement, but these jokers do."
Quite easily given the truth and Central Bank of Iraq & IMF are on their side and they've completely owned every pumper they've come into contact with. LOL. You may not like their posts (so why keep reading them - and why keep posting if all you say is "I'm not posting"?) but I do - and at least they've put up an argument. All the "RV" crowd have done here is 1. Try and shut down debate, 2. Hurl personal abuse and 3. Run away daily for even attempting to address or refute any fact made at all. That speaks for itself as to which side has already won and which is just franticly hormonal and desperate to reassure each other to "hang in there just in case". LOL...
I love that analogy John, and I’m going to break it out of your looooonnnggg post. Some seem to have trouble reading so many words all at one time.
The question is… what is 5+5. Some of us say the answer is 10. Others are saying the answer might 10,000 to 30,000 and demanding that we dare not point how absurd that is.
Trevor they love to hear themselves talk.lol That's all,this is therapy for me.It seems to me they are trying to convince themselves how our investment will not work.lol They act as if they have invested in a lot of dinar and dong.
I am a very critical thinker as well as an independent thinker.All their copying and pasting different articles don't mean a thing to me.And their sarcastic statements shows a lack of maturity and how intelligent they are.Mmm I'm wondering if they are a bunch of kids????And that's real talk,adults I know really don't carry on like these guys.Trev anytime a statement is made by yOu or me it's repeated????Who does that????Then LONG WRITING from someone else suppose to do what????LOLMake us turn in our investments????Seems to me they are the ones keeping up with the GURUS and Dinar Daddy whoever he is.lol And who said anything about an exchange?All those numbers that are hurled around to say what????I hold another countries currency that's all.It's real and genuine currency,so where is the scam and how am I being scam???I chose to invest in this and I did.Just like i'm looking at other currency to invest in.No big deal for me,I'm just waiting on a return of my investment.So let them rage and do what they do it's not changing a thing here.I f they want to be a part of my radio show they can live an email.I think that's pretty simple regardless what they think.LEAVE AN EMAIL ADDRESS,JOHN,STEW AND BARRY what are you guys afraid of.LEAVE YOUR EMAIL ADDRESS for the show so yall can participate.Unless u fellows are afraid of being expose??LEAVE AN EMAIL
Well said John. And great posts Barry & Stew. Keep 'em coming. I enjoy this debate too (for those who are actually debating that is...)
trevor: "It’s like yelling into gale force wind with these lot"
Well yes it would be. The wind being the truth and the yell being the crying out for a new "fix" of manufactured rumors, false optimism and anticipation addiction to stave off disappointment on every site that even mentions the Dinar in any way. Personally, I'm glad the conmen are getting seriously mauled and are in an obvious panic here!
Sorry to hear about your farm Trevor, but genuine fact based research of what is not just likely but actually *literally impossible* - and "confirmation bias" (which is what most Dinar speculators "due diligence" usually turns out to be - reading only what they already agree with / want to believe in then claiming to be "knowledgeable" by parroting Dinar salesman part-truth / part-confused sound-bites) are not the same thing at all.
All the best for the future Trevor. But please don't take it out on us just because we haven't bought into the scam. And endlessly talking ABOUT people rather than TO them genuinely does make you (and "Doc") look like you're running scared / trolling (not to mention plain rude as well) whether you intend it or not. Maybe this forum isn't for you if you expect everyone discussing facts surrounding the Dinar redenomination to suddenly fall silent so as not to "upset" those who bought into it (not just with money but a LOT of emotion too)?
In fact this whole site is about facts not rumor. There is no "Dinar Daddy Tidbits" section here. Nor is it a Dinar specific site (try browsing through the categories at the top covering agriculture, transportation, construction, communications, etc). It's about proper legitimate investments in Iraq, not just banknotes swapping back & forward (with the incorrect belief they'll be exchanged at different one-sided ratio's throughout a redenomination) which is why conmen get so completely hammered here.
doc: "Trevor they love to hear themselves talk. And their sarcastic statements shows a lack of maturity and how intelligent they are."
Keep up your hate-crusade Doc - no-one's feeding your trolling anymore... The door is still open if you have something of substance you wish to debate beyond shrieking hate. (And the moderator has already warned you once):-
https://www.iraq-businessnews.com/2011/11/11/iraqi-dinars-one-of-the-most-foolhardy-investments-you-can-make/comment-page-7/#comment-103696
Trev I'm not hard headed,I just enjoy seeing folks talk abt something they don't know nothing abt especially whn it comes to me or you.These guys don't know me.lolThey are just talker that's quite obvious.What's wrong with them posting their email.A email address is not that big of a deal.lol They could have gotten a free email address by now just to use for this one time.Real business ppl have more than one email.I have about 3 or 4.lol But it's the principle that I'm trying to get these fellows to see.They are the one that feel this investment is a wash.So they should post an email for the info.I'm not catering to them.lol I have a radio show,Ali and others will be on,Many who haven't invested yet will tune in and they can judge for themselves.That's the way I roll put the info out there pros and cons and the ppl decide.WIN WIN SITUATION.High risk may produce a great return!I'm excited just to know the possibilities.
Doc,
I see no reason why anyone would want to publish their email address on the internet, or indeed pass it on to anyone else.
However, while we don't want to get involved in the debate, Iraq Business News will happily act as a mailbox for you.
Please send the details of your radio show, and phone-in number, to us at [email protected], and we will pass it in confidence to whomever you want.
- Editor
LOL I THINK this guy can't read.The adm has warn me???Of what?I don't recall my name being mention who ever you may wannabe.I haven't read any substance or content.Just copy and pasting that's all.A lot of what has been posted is already known.Nothing new,same ol same ol rhetoric smart guy.lol AMAZING THAT about 1 mil + have invested in this and nobody but you smart guys have done the research.LOL Now ask yourself this does that make sense???Mmm I know bankers,financial const have made this investment without no sense of what it's all about????MMMM Chew on that for a minute.Y'all are the only ones in the world that have the answers.WHY????Pride that's what causes folks to carry on the way they do.Yes their are those who believe in what u guys say and I respect that.But there are some that could care less abt y'alls negative articles,views and words.We are smart enough to weigh all sides and not be stuck .That's why we invested,so learn to respect that as well.We just might make some money time of course is on our side and has not said anything yet.We patiently wait for what could be a BIG BLESSING,While y'all watch and talk as a sinister that has nothing better to do.LOL JOIN ME SUNDAY BY POSTING ME YOUR EMAIL.
J CURRENCY IS AN investment but I guess u didn't know that????
Again if anyone desire to participate in the radio dialog present an email,that's all.We present emails for everything else and it seems to me there are only a few folks on here.So why not??????/
J Masters - "Keep up your hate-crusade Doc – no-one’s feeding your trolling anymore… The door is still open if you have something of substance you wish to debate beyond shrieking hate. (And the moderator has already warned you once)"
Agree 100%. Out of his 30-odd posts, almost none have been about the Dinar -overwhelmingly obsessively about other people who are talking about the Dinar's right to post and/or hurling one-liner insults. Debate the issue not the person. I really don't understand why certain people here cannot do that simple thing?
doc - "I haven’t read any substance or content.Just copy and pasting that’s all"
And that's precisely why reasonable civil discourse is now pretty much impossible. After a load of frothing personal attacks, now it's false accusations of plagiarism... I haven't "copied and pasted" from anywhere, Doc. What I typed is 100% my own words. Unlike some people, I'm actually capable of thinking and debating in real time... That you've read similar arguments before elsewhere should tell you something. Sorry but you're now just overtly trolling with comments like that. Not going to feed this any more unless you have something both coherent and polite to say.
"THIS IS THE REAL DEAL." IF YOU ARE THE OWNER OF $25,000 BILL NOTES, THEN THOSE BILLS WILL BE WORTH ONLY $25US BECAUSE INVESTORS WILL HAVE A VERY SHORT PERIOD OF TIME TO RETURN DELETED ZERO NOTES BACK TO IRAQ. THAT'S RIGHT, MANY OR GOING TO LOOSE OUT, SOME SAY THAT YOU WILL HAVE ONLY 6 MONTHS TO VISIT IRAQ PERSONALLY AND CASH IN YOUR NOTES. THE US BANKS WILL NOT TRADE THEM UNTIL WAY AFTER THE RV IS TOTALLY COMPLETED. HOWEVER...THE SMALLER NOTES AND DINAR COINS MAY HANG AROUND FOREVER!
TRADERS OF DINAR KNOWS THAT THE LONGER YOU HOLD ON TO YOUR NOTES OR COINS, THE MORE OF A CHANCE YOU HAVE OF GETTING THE FULL US DOLLAR HIGHER VALUE ON YOUR INVESTMENTS. IRAQ BANKS MUST CALL HOME THE LARGE NOTES WITH THREE ZEROS ONLY. AFTER ALL, NEARLY ALL 2/3 OF THE CURRENCY USED BY THE IRAQI PEOPLE ON A DAILY BASES ARE SMALLER DINAR NOTES AND COINS. THE BANKS OF IRAQ ARE GOING TO LET THE IRAQI PEOPLE BENEFIT THE MOST FROM THEIR STRONGER CURRENCY IN THE LONG RUN. "WORLD INVESTORS BEWARE OF THIS FACT". SMART PEOPLE THAT BUYS THE SMALLER NOTES AND DINAR COINS WILL HANG AROUND BECAUSE WHO WILL TRADE FOR BIGGER NOTES THAT'S GOING TO GET DELETED SOMEDAY? "NO BODY"
"BUY NOW" THE SMALLER DINAR COINS LIKE, $100 AND $25 DINAR. WHY? BECAUSE YOU CAN NOT REMOVE THREE ZEROS FROM ANY COINS, AND COINS HAVE A MUCH LONG HISTORY IN IRAQ.
GET IT?
JUST THINK ABOUT IT. THE $25, $10, $5, $1 ARE GOING TO TAKE PLACE OF THE OLD BIG NOTES $25,000, $10,000, $5000, $1000, AND THE $500, $250, AND $50 NOTES WILL BECOME THE NEW BIG NOTES!
WHY DO YOU THINK THAT TRADERS CHARGE YOU SO MUCH MORE FOR SMALLER NOTES, AND MANY WILL NOT SELL THEM AT ALL TODAY. JUST CHECK AROUND AND SEE FOR YOU SELF... GOOD LUCK?
LOL so full of yourself.
LOL these guys are amazing!
Trevor u was right!
Van - "“THIS IS THE REAL DEAL.” IF YOU ARE THE OWNER OF $25,000 BILL NOTES, THEN THOSE BILLS WILL BE WORTH ONLY $25US BECAUSE INVESTORS WILL HAVE A VERY SHORT PERIOD OF TIME TO RETURN DELETED ZERO NOTES BACK TO IRAQ. THAT’S RIGHT, MANY OR GOING TO LOOSE OUT, SOME SAY THAT YOU WILL HAVE ONLY 6 MONTHS TO VISIT IRAQ PERSONALLY AND CASH IN YOUR NOTES"
Yes. In fact during the last bank-note exchange in Iraq, there was only a 3-month window (Oct 15th 2003 to Jan 15th 2004) before the old notes became demonetized (ie, untradeable & unexchangeable). Here's the official past Embassy release for it:-
"Q: Can dollars also be exchanged for new Iraqi dinars? What will be the conversion rate for dollars?
A: Dollars will not be converted directly into new dinars during the official exchange. Following the exchange, dollars will be convertible directly into new dinars at the market exchange rate. New dinars will also be convertible into dollars as well as other currencies at the market exchange rate.
Q: Will it be possible to exchange currency outside of Iraq?
A: No. The only official currency exchange locations will be located within Iraq."
http://www.usembassy.it/file2003_10/alia/a3101405.htm
Van - "HOWEVER…THE SMALLER NOTES AND DINAR COINS MAY HANG AROUND FOREVER!"
Wrong. All notes & coins will be swapped at once and demonetized within a year. They can't mix & match different generations notes & coins any more than a 5 cent coin Kennedy era coin and modern $50 note can simultaneously have the same value and circulating at the same time as modern 5 cent coins. This is blatantly false pumper misinformation. They've already created the new banknotes designs - lower denoms included.
"TRADERS OF DINAR KNOWS THAT THE LONGER YOU HOLD ON TO YOUR NOTES OR COINS, THE MORE OF A CHANCE YOU HAVE OF GETTING THE FULL US DOLLAR HIGHER VALUE ON YOUR INVESTMENTS. IRAQ BANKS MUST CALL HOME THE LARGE NOTES WITH THREE ZEROS ONLY. AFTER ALL, NEARLY ALL 2/3 OF THE CURRENCY USED BY THE IRAQI PEOPLE ON A DAILY BASES ARE SMALLER DINAR NOTES AND COINS. THE BANKS OF IRAQ ARE GOING TO LET THE IRAQI PEOPLE BENEFIT THE MOST FROM THEIR STRONGER CURRENCY IN THE LONG RUN
Wrong. The redenomination will lop 3 zeroes off ALL notes & coins simultaneously. There is no (and cannot be) any mix and match. Think it through - only half of money in circulation is in coins and notes - the other half is in bank deposits, etc, and banks do not keep track of what denominations you paid money into your account with over the years. (Same with deposit bonds denominated in the currency - and how do you think accounting will work?) So if you have 1,000,000 Dinar's in an account what are you going to argue - that you really paid it all in in 50 Dinar notes so someone should give you $1m? It's just nonsense economics for non-Iraqi amateur first-timers in the Forex market.
Van - "“BUY NOW” THE SMALLER DINAR COINS LIKE, $100 AND $25 DINAR. WHY? BECAUSE YOU CAN NOT REMOVE THREE ZEROS FROM ANY COINS, AND COINS HAVE A MUCH LONG HISTORY IN IRAQ. GET IT?"
Rubbish. Current low end Iraqi coins will be completely demonetized, and newer coins will simply replace current low-end notes. In fact this happens in every lop. Current smaller denominations Dinar notes are an absolute massive rip-off. To give an example:-
Several Dinar scamsters sites are selling 1m Dinar’s ($854 worth) in smaller denominations for : $1,985 (1,000 x 1,000 Dinar notes), $2,695 (2,000 x 500 Dinar notes), $3,680 (4,000 x 250 Dinar Notes), and a jaw dropping $16,900 for 20,000 x 50 Dinar notes!
So, you hand over $1,000 and will get back respectively : 503k Dinars ($430 worth) of 1k notes – or – 371k Dinars ($317 worth) of 500 Dinar notes – or – 271k Dinars ($232 worth) of 250 Dinar notes – or 59k Dinars ($50 worth) of 50 Dinar notes!
Those currency trading spreads are a jaw-dropping 132%, 215%, 331% and 1,900%! (Normal FX cash spreads for tourists & businessmen are under 5-10% whilst pro-Forex trading is in “pips” a “pip” being 1/100 of a cent).
So after the RD, you’ll still have the same money (because you’ll swap the notes 1:1000 as Iraq have been saying all along) – but then you need to change them back. No problem – “Treasury Vault” to the rescue. They’ll give you $880 per 1m Dinars (a further rip-off 12% cut on top of above spreads) for exchange.
So your original $1,000 investment turns into : $378 (for all 1,000 denomination notes) / $279 (for all 500 denomination notes) / $238 (for all 250 denomination notes) or $44 (for all 50 denomination notes).
That's why the "smaller currencies won't lop" scam is really being circulated - because the Dinar sellers will rip off 50-90% of your initial money instead of "only" 20-30% on the larger 25k notes!
Van - "JUST THINK ABOUT IT. THE $25, $10, $5, $1 ARE GOING TO TAKE PLACE OF THE OLD BIG NOTES $25,000, $10,000, $5000, $1000, AND THE $500, $250, AND $50 NOTES WILL BECOME THE NEW BIG NOTES!"
LOL. No. You are correct in saying that the 25, 10, 5 & 1 Dinar notes certainly will take the place of the old big ones : 25,000, 10,000, 5000, 1000, etc (or possibly 5x new 20 notes for 4x old 25,000 ones if they want new 20 notes instead of 25 notes). You are wrong though in not understanding that new 0.50, 0.25 and 0.05 Dinar coins will be issued in place of the current 500, 250, AND 50 notes. It's actually normal practise to issue coins in place of smaller denomination notes when lopping.
Most of this is just mental acrobatics by pumpers who can no longer deny the redenomination given the sheer plethora of official redenomination statements but try and confuse the gullible with "maybe it's only a PARTIAL redenomination" which is also both nonsense and mathematically impossible. In no way shape or form will half of Iraq's banknotes be exchanged 1:1000 and the other half 1:1 precisely because banknotes make up only a fraction of money in circulation - and the maths still have to add up. That's not the way it works at all and has long been debunked. Common sense debunks it too - if you thought only small banknotes were exchanged 1:1 and bank deposits would be 1:1000 there would instantly be a run on the banks causing catastrophic economic collapse by everyone pulling all money out before the lop even started! And what would ordinary 3-bed Iraqi houses sell for? $70,000? Or $70m?...
Van - "WHY DO YOU THINK THAT TRADERS CHARGE YOU SO MUCH MORE FOR SMALLER NOTES, AND MANY WILL NOT SELL THEM AT ALL TODAY."
1. Because they're con-men and they do just that (see above figures taken from a Dinar sales site), and 2. Because they cost far more to import per kg and square metre (it takes 23,400x bank-notes for $1k worth's of Dinar's in 50 Dinar notes vs 47x 25k Dinar notes)...
Have you ever been abroad on vacation and obtained bank-notes? Were you charged 20x more for €5 notes than €50 by legitimate currency dealers? No. Dealers which have massive sales price disparities between low and high denomination notes are rip-off conmen. Plain and simple as that.
Van, try this as example of new coins replacing old low-denom notes during a redenomination. It's perfectly normal and common to do (and what Iraq have said they'll do repeatedly):-
http://www.tcmb.gov.tr/ytlkampanya/bro.php
Barry: "Several Dinar scamsters sites are selling 1m Dinar’s ($854 worth) in smaller denominations for : $1,985 (1,000 x 1,000 Dinar notes), $2,695 (2,000 x 500 Dinar notes), $3,680 (4,000 x 250 Dinar Notes), and a jaw dropping $16,900 for 20,000 x 50 Dinar notes!
So, you hand over $1,000 and will get back respectively : 503k Dinars ($430 worth) of 1k notes – or – 371k Dinars ($317 worth) of 500 Dinar notes – or – 271k Dinars ($232 worth) of 250 Dinar notes – or 59k Dinars ($50 worth) of 50 Dinar notes!
Those currency trading spreads are a jaw-dropping 132%, 215%, 331% and 1,900%! (Normal FX cash spreads for tourists & businessmen are under 5-10% whilst pro-Forex trading is in “pips” a “pip” being 1/100 of a cent)."
Good God. Charging $17k for $1k's worth of Dinar's? People should be in jail for that...
Great post, especially the "So what's your bank account worth then given no-one keeps track of what denominations were paid into it". Duh! Obvious red flag 🙂 Keep 'em coming and ignore the panicking hater trolls.
Hi Doc, wow now I'm running around behind their backs!!!!!!!!!! Have I been going onto another blog with you, and talking about them to you, have I been ringing you up and talking about these lot behind their backs, have you secretely given me your e-mail address and I have been sending you e-mails about this lot behind their backs, and now I am suppose to be acting like a child. NO NO NO to all the above, I have presented all my comments right here on this blog, and no where else, so how is that running around behind their back???? If they don't want me commenting about their outrageous comments about us, then there is a real easy way to fix that. STOP MAKING OUTRAGEOUS STATEMENTS ABOUT US, then I won't have anything to reply back to. So simple for such clever folks as themselves to catch onto surely. Then again is their mention of us being frighten again " ignore the panicking hater trolls", because neither am I frightened nor panicking.
How many time do I have to repeat myself, I'm quite at peace with my decision to buy the IQD currency that I have, and I only came onto this blog to see if there was any sensible information here to be gotten, but sadly Doc all I have found is a lot of one eyed fools here (yourself not included, or the other guy who got sick of the hatred this lot are dishing out). I will give just one example, they keep saying that the Iraqi government is going to remove several zeros of the present currency, yet only several days ago it was reported that the Iraqi Government has cancelled the decision indefinitely. Now my understanding, indefinitely means a very long time, not something that is about to happen anytime soon. Yet these lot still keep repeating over and over and over, that it is going to happen soon. OH but they are always right!! No sorry I will add another, " holders of the current IQD will only have a short time to do so", yet again it has been reported that the Iraqi Government has said that the old and new currency will both be legal tender, and that the current currency will slowly removed from use, reason for doing so, so not to cause panic amongst the Iraqi people.
No, now they have got me started, " what proof of currency held in an account be given". What b***** account, my IQD are not in any account, they are in hard cold in my hand legal tender IQD, that will be able to be exchanged over the counter in any bank that deals in foreign currency, into what ever currency that I choose to exchange them for. That will happen , and only will happen, once the IMF allows that too occure, which at this time they are NOT allowing to happen. Let me make it quite clear, I am talking about banks outside of Iraq, trading in IQD, they (IMF) can not stop Iraqi banks trading internally in IQD. OH and what is their reply to why the IMF is stopping the IQD from being traded throught banks outside of Iraq? The reason they say is to stop the value of the currency dropping further, hahahaha, the reason that it fell to the value that it now is, is because of the UN santions (eg imbargo on Iraq's sale of crude oil), which crippled Iraq, financially ruining it, thus making the Iraqi currency practically valueless at that time. Iraq is now again allowed to export crude oil, and there are many Internet web sites that show proof that it's crude oil exports are now higher that they were before the santions were implemented by the UN, and growing. Why, because now we have China's economy growing, which is demanding more and more of all kinds of products, eg iron ore, coal, wheat, crude oil, and the list goes on, and Iraq's vast reserves of crude oil places it in a very strong, and able position to meet the increasing international demand for crude oil. Fact that only 10% of Iraq's land mass has so far been explored for oil, and there are experts that strongly believe that it is quite possible that there is twice as much undiscovered deposits of crude oil as what there is of known crude oil in Iraq, which if true would mean that Iraq would have the largest amount of crude oil reserves of any other single country, but some of this I have already posted here, what was the response by BS, and co? Either to ignore these facts, or to howl Them down with contempt, with nothing to disput them eg " if anyone thinks that Iraq is exporting 3bb/day is crazy (or word to that level of distain). So I will say it again it is a waste of time making any kind information about Iraq and or the IQD here on this blog.
Finally, my purchase of IQD, have not been from some conman, he didn't sell me lower denomination IQD notes at a higher price than for the 25,000 IQD notes when he didn't have available any of the 25,000 IQD notes at the time, no all he did was passed on the extra postal cost of sending the increased number of notes. Also of cause the price that I paid was more than their current (at the time) were, which he clearly right from the start explained to me the reason for the price, one he had to pay a commission to those who in Iraq were accessing the currency for him, and two a small mark up so that he could afford to purchase some IQD for himself, as he didn't have endless amounts of money to do so by any means other than by selling them for a small amount more than he paid for them. Would you expect car dealer to sell you a motor car for the same amount that he had purchased it for, or the same for any other kind of goods that you were to purchase, NO or what nieve idiot are you. That same IQD seller whom I purchase my dinar from, clearly warned me that he could NOT prove that purchasing IQD would be financially rewarding. Does that sound like a conman to you, warning me about buying IQD before hand, NO, just an everyday sort of guy, trying just like myself to make something of himself. Not everyone are conman, just because you lot say they are BS and Co. By the way Kursat is a local from that part of the world, as he is from Turkey, so I am sure he would be very aware of what was happening in Iraq, and also it's future. Not some of the second hand information that you lot of narrow minded twits dish out here on this blog, you lot aren't interested in any facts other than those that you are pushing here, and debate is only achieved if everyone agrees with what you have to say
What will be your reply, some sort of BS as usual.
Thus Doc unless you have something riveting to tell me, I will not be replying further here. I like Chasting am sick of banging head with these niandathoiods (cave men ). No BS and Co I am not cut and running, just had enough of your rot. I have made my decision, and if I am wrong, the IQD that I have will be the biggest amount of any one currency that I will have a collection of, as I am a bit of a coin collector, nothing very valuable, but much of what I have, has much more of sedimental value to me, than monitary value, If my decision to purchase these IQD turn out OK, I will still hold onto one of each of the current UN approved IQD notes, to add to my collection. Either way is of no big deal to me, I have never had a lot of money, and if this doesn't pan out, no sleep will be lost. I wish you luck Doc with BS and Co, good bye.
It's sad. The people falling for the lower denomination scam are going to lose big. The Breitlings of the dinar world are going to have a tough time explaining to people how they could be so wrong.