By John Lee.
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:
- Will the Iraqi dinar increase in value?
- Will the currency be re-denominated, dropping the 'three zeros'?
- Is it wise to buy Iraqi dinar?
Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq.
As the value of the Iraqi dinar affects trade, we will continue to report on any possible re-valuations and/or redenominations as soon as information is available.
We hope that this information will be useful to the key decision-makers in Iraqi business, and to all who are interested in the development of the country; gamblers and people involved in get-rich-quick schemes/scams are not our target readership.
It's clear from the correspondence we receive that some people, who like to think of themselves as 'investors', genuinely believe that at the stroke of a pen they will make a 1,000-fold return on their purchase of dinars.
Those people might like to consider some questions before putting any further funds at risk: Read more ...
Some banks are still selling...so go figure...how hard is it to EXPLAIN..that not EVERYONE does business the same way..nuff said...
Furthermore, am I considered a Pumper...or even like a Pumper...just because I believe in this, and can actually show things that depict the opposite of some of you guys views...and I guess because I've had nothing but profits since day one...your MAD!..Wow!...I must be doing something right..as every investment that went south on many folks that I know, these people were told the opposite, like that everything was great..until their investments flopped!...You guys are bashing something that has'nt even materialized as per the finality of this thing..or yet!..Wow!!! & Hmmm???
"4aprofit says:
September 8, 2012 at 9:26 pm
Furthermore, am I considered a Pumper…or even like a Pumper…just because I believe in this, and can actually show things that depict the opposite of some of you guys views."
If you want respect in this arena, you will need to stick to real facts. Wild eyed opinions and murky rumors that chats turn into fact are not acceptable. .....If your actions speak such, then you are!
There are many concrete facts available that the 'dreamers' find totally unacceptable. ....Their disdain for facts moves them into the 'pumper' group. ....
The facts indicate Iraq will re denominate. ...The leadership of Iraq says they will re denominate. ....The world at large feels Iraq has to re denominate if they want favored nation status. .....Only the pumpers of the dinar community feel there is any possibility of a straight up revaluation.
...I feel the Iraqis will re denominate, and we will get a nice healthy rate via outside support; which should make any person of minimal intelligence quite happy. .....Only the 'dreamers' will feel as though they have been mislead, and it is their sole choice in doing so.
What SOME feel and think...means NOTHING to me...what I have done already..which is PROFIT...is why I'm here...thats FACT...as the past has been good, but as for what is in the future, it has not been proven...YET!...or been made a FACT...YET!...Some of you dream, and some of you dont even want to dream...even without FACTS...I am actually looking at the FACTS...without the dreaming...but if I wish to dream with the FACTS?...Looks like I'm in a better position than some of you!..LOL...
Complete Transcript from Dr. Todd, from Thursday 09/08/2012
This is for those that did'nt get to listen to the conference call, or that may want to see every word this gentleman said, as he was on the 10 person committee/panel, that put together the "Plan for Iraq", as per what will happen with the Dinar, etc.
http://www.dinarrecaps.com/1/post/2012/09/complete-thursday-dr-todd-ptr-cc-transcript.html
A Short Summarization of The Dr. Todd Interview...........
Dr. Todd: Well the name as I understand it that is used most today in global settlements. Let’s go back to the origin of this and then the other key factor is these funds were due to be completely paid off by 2008 according to a Treasury treaty that was set in for 50 years in 1958. Now what was origin of those funds that were included at that time (in 1958) and how did this come about at that time ? The duration for 50 years was decided post World War II.
The banks in Europe essentially had little that they could put in acceptable assets that could be used for the redeveloped at that time. This was set up initially in the Marshall Plan. It was limited to just a few years. Initially, three years and then certain extensions for another several years. This completely went out as having a legislative base. The U.S. supported those from guarantees from the Treasury that were never made public. Where did they get the funds that the banks initially issued to come into this ?
The Marshall Plan itself was not developed in any way shape or form to take care of the Far East. There was tremendous reconstruction that had to take place there. There was more gold and real assets available in the Far East then were currently available in Europe at that time. General MacArthur had the complete control of reconstruction. That authority was not relinquished until he was fired by President Truman in 1951.
That came so suddenly that his successor, General Ridgeway, took over as the U.S. and UN supreme headquarters for the Far East in Tokyo. General MacArthur’s chief of staff, General Whitney, at that time also a full general, not a five star, but he ranked General Ridgeway just slightly on what is known in the service as state of rank. Gen Ridgeway’s mission and command made him the senior person. The chief thing they had to do there was to work out everything from an economic standpoint and a financial standpoint that Gen McArthur had started.
General Whitney was given complete control of that reporting back to General Bradley who at that time was Chief of Staff and to the president. By Treasury treaty we further guaranteed much of the bank operations of the top banks in Europe at that time. The person that was in control of all of this and remains in control of all of it today is Queen Elizabeth. I think that very soon she will be divesting herself all of that and this will come about. How did Queen Elizabeth get control of this ?
These funds were so important and meaningful internationally and would be for a number of years that they wanted a person with real longevity to have it. Initially they went to the Vatican who fortuitously turned it down. When they took a second look at it, they wanted somebody who was going to have the longevity and they felt that Queen Elizabeth and the status of Great Britain both long term prior to that and even them. They felt they could trust the longevity of the monarchy. Therefore her father set up a sacred oath that she would take this on and see it through for the 50 year period.
50 years was selected because they did not feel the reconstruction could not be done in less time. We all know that is occurred very well both in Japan and in Europe in roughly twenty years. They were back with a lot that had been done. That speaks well for the people in the worst hit areas in Europe and primarily Japan. Because of the firing of MacArthur and the reconstruction of that, most of this work was not completed until about 1954 in the Far East command that Gen Ridgeway had at that time and General Whitney was working on.
The funds based there at that time does not sound like a great deal in the world today, but all of you are aware of what they call private placements now. The nomenclature of these things since WWII has taken on a number of names as has the global settlements over those periods of time. They were looking at something at times just above and at times just below100 billion dollars. The US had guaranteed somewhere in excess of 20 billion dollars, but the value of gold and where it was in getting those things together and signed over in transactions over the 50 years brought this into several trillions of dollars. Like I said that should have been paid in full prior to 2008 which was the 50th anniversary of the 1958.
Dr Todd: The question probably comes at this time is probably how do I know about these things ?
I was an air control officer just after hostilities in Korea. They had been working on this for some time, but they needed to be able to secretly move things back and forth particularly in the Far East to settle the final things. There was a committee was set up to make the final report and I was the junior officer that helped write the report that went to our president, Queen Elizabeth and the key person in the Far East that it went to. It’s in the Emperor’s records themselves.
I think that the point to make after that is how did these things grow and was there any litigation involving any of this? There was litigation, all of which was set aside. That doesn’t mean that they didn’t get certain things out and there weren’t certain uses of it. Because there were. If you recall in the later 50’s there was quite a bit of contention between Taiwan and China of the earliest parse. The shelling of Matsu and Quimoi which were close to the Chinese mainland. This was settled out and some of those funds it was deemed necessary because China hadn’t initially had any of those funds. Things had settled down over there comparatively with definite communist takeover of mainland China. Things under Cheng Hi Shek over Taiwan, they needed some funds to solidify that transaction and to satisfy China.
Some gold and certain other parts of this were moved around to accomplish this. Not large amounts of it, but modest amounts. That was sort of the rebirth in mainland China of some of its’ earliest gold holdings by the communist government. They hadn’t gotten into full force of holding this together. That’s also how they came into this today as things were involved.
Dr. Todd: With this having essentially not been paid out before 2008 it was long about then that the dinar situation had come up and one of the stipulations in the settlement that General Schwartzkopf had in the ceasefire, in the tent, in the desert, had an administrative memorandum that came about a week later from Washington because Washington was leading that coalition that substantially beat Iraq during the Kuwait war. In that administrative memorandum showed that in order for Iraq to regain sovereignty it had to have in place a new currency, a new dinar and essentially that was supposed to be, it was in writing in the administrative memorandum, it was supposed to be before Iraq could take full sovereignty. There could be no time frame placed on that.
This administration, the present one, apparently changed that because we all know that sovereignty went to them roughly speaking a year ago.
Tony: Let me interrupt you for a second. I want to stop you there for a moment because you said that was during the Kuwait/Iraq war. That that agreement came, but the Iraq war came years later.
Dr. Todd: Iraq attacked Kuwait in 1990 (code name: Desert Storm). From that time on the U.S. and the allied forces that were there were given clear control of the skies and that is part of what lead to the Iraq war itself, not the Kuwait/Iraq war.
Tony: OK. I wanted you to separate the two.
Dr Todd: Them regaining sovereignty went back to the first Iraqi war and that was kicking them out of Kuwait. At that time rather than going ahead and make the payments that should have been coming, I would have said at least from 2004, when all of these things were set up in1954, but they extended that time to 2008 based on 50 years after the US Treasury Treaty. So that’s what gave the origin in that 50 years was a building of the banks primarily in Europe. The active bank in the Far East that was handling that was Mitsubishi Bank. That is where part of the funds that still have to be paid out now are designated as the global settlements.
Part of it is there and the rest is controlled in London by the Royal Bank of Scotland because the Queen had initially set it earlier on in Barclays, but 5 about years ago she moved that responsibility to the Royal Bank of Scotland. Most of the keys banks in Europe will be taking care of their part of the settlement, but the Queen has not yet designated, but in all probability it will move through the Royal Bank of Scotland because that’s the bank that she controls and the Bank of England, being the central bank of the UK, does not want to do it.
They want a key commercial bank in the UK to do it. That’s where these things are going to come out from. This wasn’t fully done until Ike was president and he had taken over from Harry Truman in 1953. That’s when it was signed and most of the things went through. All of the presidents since then have been aware of this and have let it remain essentially where it was. When Bush Sr. went to China, as the ambassador, there were some arrangements made for them to have a greater participation. There will be sector groups, government and such that will be paid out and there are private sector groups that will be paid out because that’s where the original gold and assets came. Some of that private sector was the Far East, some in Europe and some in the U.S.
It was guaranteed up to 20 billion by the U.S. The U.S. will be getting one of the larger amounts out of those global settlements. This was also known as the patriot package. All of this was aggregated and the person who took the responsibility was the Queen. All of this has been kept quiet. All of you that are involved in this, I don’t think any of you have seen in the major media or in all of the financial papers (Wall St Journal, Economist out of the UK).
Little or nothing has been mentioned in these. Citizens in the U.S. and worldwide, the vast majority of them know little or nothing about this. That’s the way it came up. Most of the legal suits that came up have been knocked down or held up until the World Court (The Hague) makes determinations, if necessary, later as they are paid out.
Dr Todd: There are no major lawsuits that are considered active that haven’t been laid aside to be adjudicated until a later time if in fact they are dismissed entirely. The vast majority will be dismissed simply because the aggregate funds are built to the extent that everyone will be satisfied.
HERE IS PART 2 THAT I FORGOT TO POST........................
Of The Short Summarization of The Dr. Todd Interview………
Dr . Todd CC (transcribed) - 09-06-12 - Part 2
Tony: There are global settlements ongoing. Where did this go as far as global settlements are funding the RV ?
Dr Todd: Your question is how did the two get related ?
Well many of the banks that are holding the funds that were due for global settlements which were released some time ago, have not yet been paid, although preparations are being made right now to complete at least parts of that. Why did it get hung up in 2008, that’s 4 years ago, and did not get clarified ? It’s pretty simple really. When you have a multiplier of dollars of 5,10 or even more, or the equivalent or the same increase, even though whether they are going to use pounds sterling as backing it or something else, those ratios have been worked out so that relating it to dollars it will be from 5 to more than 10. The banks knew that and the banks are going to sit on it until they have their difference on that. And in most cases theirs will be more than ten. With a multiplier of ten there isn’t a bank board worldwide that won’t take that. That’s why the hold up.
Gary: You were involved with Iraq as an economist in helping and understanding of the asset based and everything else.
Dr. Todd: It’s ironic. When I went into the Air Force, just after the Korean War started in 1950, I was graduating from the University of Maryland and one of my closet professors was to become the agricultural attache’ to Iraq at that time and I was selected to be his assistant and got some of the training. When it came down from what my final job was going to be, I was to be an agent for the CIA and I said under no circumstances I would I accept it under those conditions. I have followed Iraq for a good time since then. So I know both sides of it pretty well.
Tony: When the revaluation was put in place, when they needed to go in and redo the currency, did it have anything to do with the global settlements at that time ?
Dr. Todd: No. They were completely separate. The only reason for them being together was that the banks insisted that they get their money out of it though the mark up.
Tony: Through the mark ups. So can they pay them, the global settlements, before the RV or it through the mark up of the RV are the global settlements going to be paid ?
Dr. Todd: The banks want it the increase in dollars based on the new Iraqi dinar. It was about 3.5 when their international currency was no longer recognized. It is estimated now that it will be some place plus or minus 5 for the individuals, for in what they are calling the third level of the payouts. The banks and certain groups related to banks are in Levels 1 and 2.
Tony: Now here’s the thing. We’re still in the Catch 22 and I am wanting you to say it. Does the RV happen in order for them to get paid on the global settlements or does the global settlements get paid in order for the RV to happen ?
Dr. Todd: Well at the present time the central banks have already made the arrangements with regards to the Iraqi dinar, regardless of whether it is released or not. Each of the central banks essentially control or have the call on what the dinars will be to them. They can release this as they want. I shouldn’t say totally as they want as I understand there is a committee of central bank officers who met a month or two ago in Beijing. Governor Shabibi was there with them and that was essentially concluded at that time. It seems to me the central banks could a allow commercial bank in their country to handle what was there. The way they want it to be done. Where the global settlements are coming out, the banks that are going to be paying that out are apparently satisfied with the recovery rates. In other words they have their mark up as they are paying out the global settlements . That may come before Level 3 people are announced that they can come in and cash in.
Tony: What about Level 1 and 2 ? Do they get paid before that ?
Dr. Todd: You heard over many, many years if you’ve been in the equivalent of what they call private placements, you know what block the counts are. Nothing in the international portfolios, either with the ICC that I am aware of or Basel I or II that have been approved in Basel III that’ s sort of hanging fire, nothing says that block the counts have to be in currencies that are complete at that time for international trade. It’s whatever the traders will accept and the banks working with the traders. So it’s my understanding that in most cases it has gone into private placements and is being allowed by the traders. Now what has come out I certainly don’t know.
Gary: And it is being held there Tony. They other key that we have to clarify, and Dr. Todd I think the other thing that is driving that, there was a point where these global funds and the IQD were basically moving forward. They are totally separate transactions. They were impacting each other, but they weren’t connected in any way. Then there was point where there was a discussion in the banks in their desire to be able to be able pay out and needing more reserves were at a point where they were discussing using the money put into the banks for the disbursement to the prosperity or global funds. They were going to take and pay them out in tronches and use a portion of that to pay out the dinar. My understanding was that that plan was aborted. They were merged together, but so much time has elapsed I do not think the banks are going to need those packets to pay out the dinar. They have that worked out on a separate program. I do not see them any longer being connected to each other.
Tony: They have been trading dinar at the banks for how long now ?
Dr. Todd: I would say plus or minus a year.
Tony: Since you are part of the plan, the plan was to take the RV to what level again ?
Dr. Todd: I said plus or minus 5 to something over 10. The banks are going to be getting something over 10. You can be pretty much assure yourselves of that and when it comes down to Level 3 and the individuals that are involved there, I think theirs will be closer to 5, but something over 3.5. That’s probably.
Tony: I got one more big question for him first. Cause I am putting him on the spot and he’s doing good so far. This is what everybody wants to know. You definitely gave them a rate to look for and you were part of the plan and if that doesn’t calm them down , I don’t know what will. I’m not putting you actually on the spot. You don’t have say this. Does this seem a like a feasible time for this to happen ?
Dr. Todd: I would say very much. As I see it the highest likelihood that most of this will come out yet this month. Remember, the real blowup in 2008, there were a lot of things prior to October 2008, but I think before the anniversary of that, which essentially means yet this month, it will take place. There may be something that comes out in financial documents and other things that pushes it along. I can’t tell you for certain, but it would appear to me and I have reason to believe hat some of the global settlements are going to take place within less than10 days. Some of them may have already occurred this month and when this becomes even somewhat known, I think it will force some of the other things to move with some greater speed than they have in the past here.
Tony: If the global settlements were going to take place in the next 10 days, would the RV occur before that or after that ?
Dr. Todd: I’m not certain that the RV hasn’t taken place.
Tony: Well I should say Level 3. Do you think Level 3 would take place before or after that ?
Dr. Todd: I think there is a high probability that it will be announced before the end of this month. I can’t see how it can hold past the middle of October at the latest. There are just too many other things that are going on right now in Europe with the Euro, with the banks there, with China in getting the stability that is needed. I think that a lots going to happen within 60 days, a lot of it within 30.
I just wish this administration was fully aware of the history here. If they are, they just don’t seem to be acting appropriately. We’ll find out one of these days. Thank you all.
4aprofit - "Furthermore, am I considered a Pumper…or even like a Pumper…just because I believe in this, and can actually show things that depict the opposite of some of you guys views"
You have shown nothing but cling to wild, baseless, already debunked conspiracy theories and utterly irrelevant distractions that just tell you what you want to hear, whilst actively rejecting any fact anyone gives you combined with overly-hostile taunting / antagonistic attitude / style of posting, and the same stupid propaganda buzzwords ("dumper", "naysayer") and school-playground "retard" comments, combined with some juvenile attempt at trying to make everyone "jealous". If you aren't a pumper, then you're doing a darn good impression of one because you are copying their language, style and propaganda to the letter...
Everyone's entitled to their beliefs, but when you place them on a public forum, then demand others (some of whom trade currencies professionally long before most people thought an "RV" was a Recreational Vehicle) accept them on par with fact / reality, you are going to get hammered if they're so far removed from reality they become literally impossible by an order of magnitude. I'm clueless about gardening, but even so, whilst I might ask some naive questions or dispute reasonable growth rate discrepancies, I certainly wouldn't start posting obviously wildly stupid stuff like "an acorn can grow into a full 30ft oak tree in 6 days - 1,000x faster than normal - my friend who sold me some special "RV'd" acorns said so, and you can't possibly know more than me or him, anything can happen, ur listening to the 'wrong' conference calls dude, you're a 'retard tree dumper' if you disagree!".
I simply don't have the bald-faced shameless audacity to make a fool of myself like that in public. Yet many amateurs clueless about Forex in general, engage in ritual self-humiliation over the Dinar every day on professional business forums, then get upset & angry when people who do know what they're talking about respond, and the conversation ends up somewhat different (and more honest) than what you'll find on censored pumper forums (most of which is just glorified advertising & group ego-stroking...)
4aprofit - "I must be doing something right..as every investment that went south on many folks that I know, these people were told the opposite"
This is nothing more than childish contrarianism. Have you ever heard the expression "two wrongs don't make a right?" Just because someone else screwed up on something else, doesn't make you right. That's just the investing equivalent of a "straw man":-
Bob : "I just bought some Zimbabwe Dollars."
Dave : "Bad call"
Bob : "WRONG! It's a good deal because someone else I knew lost some money during the dot-com bubble. You're just a paid dumper!"...
Do you honestly not see how absurd and desperate that sounds? Seriously?
4aprofit - "and I guess because I’ve had nothing but profits since day one…your MAD"
You sound very confused. A couple of pages ago you asked me to "show you something better" and "tell you how to make a profit", which I did here:-
https://www.iraq-businessnews.com/2012/08/29/7-questions-for-dinar-speculators/comment-page-3/#comment-113052
You responded with a very childish, angry post yelling SHUT UP all in caps that quite frankly smacked of raging jealousy when you realized some of us calling out the "RV scam" have actually made a lot of money on real investments and have a ton of experience on the Pro Forex & precious metals market during the same period most Dinarians have made a big fat zero and we aren't "jealous" of anything. Quite the opposite... You then followed it up with almost 2 pages of posts yelling "retard" at people, shouting IN CAPS, childish taunting and doing the pumper thing of spamming off dozens of irrelevant posts about Iraq that have no impact whatsoever on the Dinar's value.
Reading between the lines, I don't think you've made a profit at all. If you did, you wouldn't have asked me to "show you something better" because there wouldn't have been any need. I think you're just trying to put a brave face on losing an argument, getting sucked into a scam, and trying (and failing) to impress / make others feel jealous to try and cover up your own frustration / embarrassment... It's very clear you want the conversation to end, but you don't know how to bow out gracefully so you're stuck on a circular loop of goading people into posting, then panicking when they do with all the facts on their side that swiftly debunks every word you've written.
4aprofit, As for your "Dr. Todd" obsession, the "global settlements" and "prosperity funds" stuff he's waffling on about was part of a larger widely confused conspiracy called "NESARA" which dates way back to the 1990's and originated as restitution for potentially illegal seizures of land (ie, "farm claims" stuff). The conspiracy has existed for far longer than since we even involved in Kosovo (which promptly debunks the claim that Iraq is the source of it - people were talking about the same "prosperity funds" under Clinton originating from Europe...), and has absolutely nothing to do with Iraq beyond the fact a few Internet pumpers (like your Dr. Todd) are scrabbling round, and are lumping any & every conspiracy they find in with the "Dinar RV" to confuse their readers into believing it. If there ever is a "NESARA" style global "prosperity funds" thing / global banking reform, then it will happen independently of Iraq - not because of it... Waffling on about the WW2 Marshall Plan funding, Queen of England, etc, is just desperate paranoid confusion. What next "Illuminati reptilian space aliens will RV Iraq"? It's just pumpers creating another elaborate baseless fantasy for their cult followers to "believe in" now that the first one is growing weaker by the day as more people wake up to the fact the "RV" (redenomination) has been grotesquely and deliberately misrepresented to mean something it isn't.
People on other forums have been pumping the "global settlement prosperity funds" thing every single day since 2005, ie, "package deliveries tomorrow!!!" with exactly the same contradictory and made-up "intel". Look at Fourwinds10.com (where most of the "global settlement" stuff originated years ago) and you'll see the delusional paranoia of the whole thing wrapped up with people like Ben Fulford who claims "Chinese Ninja's will kill the Queen of England who is secretly a reptilian" and the webmaster who hosts "prosperity fund Intel" is in "communication with God" (whose "real name" is "Commander Hatonn"), that the US Treasury Secretary under Bush was "killed and replace with a solid hologram", that the planet Jupiter will "ignite into a second sun" like in the movie 2010 (sequal to 2001: A space Odyssey), that there will be a mass evacuation of the "chosen ones" by "good aliens" before Armageddon, etc. I swear to you I'm not making any of this up. People involved in the "prosperity funds" are deeply involved in all the other stuff up too. Click on "NESARA" and read the "Casper" and "poof" reports on "global settlements", and you'll see exactly the same pumpers posting Alex Jones style nonsense like this every day since 2005:-
"Pray for deliveries Sunday and Monday. That is the current news and the currently agreed upon schedule. addios, again. Casper... (Note: The Delivery people did not work on Sunday, April 30, but are to work Monday, May 1 delivering the bank packets, with completion set for Tuesday, May 2, 2006. PHB)" - Casper, April 29th 2006
"Pay no attention to those spreading gloom and doom. All is A-OK. Just a few last minute dragons needed slaying. Expect deliveries 1st of week. Negative information is floating out the Internet this weekend-- originates from the Bush and Clinton camps. Pay no attention to the negatives. Even S.C. Justices have been ordered to stay out of the way or else they Earn a Free trip to the Hague." - "Casper", Dec 10th 2006
"My thing is to be accurate, not 'right'. You packy is on the way, right now, the trustees are moving as fast as they can to end this. I checked last night and that's coming from the german trust itself." - "poof", August 2nd, 2007
"Delivery today OR no flights allowed in or out of U.S. to Europe/China, commercial or private. U.S. notified, backed by new World Court order." - "Casper", August 9th, 2007
"That's it. It'll will be in your hands and mine, momentarily." - "Poof", Dec 30th 2007
And my 2 personal favorites from the webmaster of the most visited "global settlements Intel site" on the net (Fourwinds10):
1. "Thank you for your letter and question about requirements needed to be "beamed aboard" the evacuation ships. To suffer no physical damage to our 3D physical body, our frequencies must match the frequencies of the tractor beam, that is, they must be as high as those of the beam of Light. If they are higher, that is not a problem. - Patrick Bellringer, global settlement Webmaster
2. "The Plan 2000 of the Khazarian Zionist Bolsheviks (KZB) is to change human DNA, as did the controllers of Atlantis, in our past civilization. Presently, the KZB are endeavoring to reduce our two strand DNA to one strand, which would leave the masses with little memory, intelligence, or reasoning ability. Once this is accomplished the people become nothing more than manipulated slaves of the One World Order (OWO). Will your parting cry in your state of stupor be, "Hooray to the KZB for their fluoridated/chlorinated toothpaste and drinking water?" - Patrick Bellringer, global settlement Webmaster
The above are the people who started the whole "global settlement" thing back in the 90's! 😉 It's exactly the same recirculated completely fabricated "Intel" as the Dinar "RV Intel". You know who these "global settlements" experts are who started all this stuff that the Dinar sites have only just latched onto? "poof" turned out to be a North Carolina truck driver, and "Casper" is a hedge fund manager - and 80% of the Internet's "global settlement intel" comes from these two... "Dove of Oneness" started nesara.us (the first website to ever mention "prosperity funds") and she was just as wacky and fraudulent (charging people money for "funds" which would also leap up 1,000x when the "packages would be delivered" back in 2003...) All the Dinar pumpers like "Dr. Todd" have done is steal most of the original conspiracy from NESARA and rewrite the least wacky parts of it to suit their own Dinar sales pitch to try and prop up collapsing credbility. From your "conference call":-
"Dr Todd: The question probably comes at this time is probably how do I know about these things? I was an air control officer just after hostilities in Korea. They had been working on this for some time, but they needed to be able to secretly move things back and forth particularly in the Far East to settle the final things. There was a committee was set up to make the final report and I was the junior officer that helped write the report that went to our president, Queen Elizabeth and the key person in the Far East that it went to."
Of course - whenever governments need secret Presidential reports written, they ask junior air-traffic controllers with no security clearance or intelligence background... Seriously 4aprofit, this garbage debunks itself! "Dr. Todd's" whole thing is just 90% stolen from the 1990's NESARA conspiracy theory and egotistically passed off as "his own intel", and 10% yet another pumper with yet more delusions of grandeur / secret agent fantasy... You mentioned "General Schwartzkopf" - exactly the same conspiracy and source of his "global settlements intel" claims "Schwartzkopf assassinated JFK on orders of reptilian space aliens" if you Google it.
All you're doing is desperately clinging to the most outrageous conspiracies you can find and want to believe in, even though they've already been debunked years ago... As I said right back in post 1 or page 1, it's little wonder that people who get sucked into one conspiracy theory end up getting sucked into them all - because the underlying psychology is specifically to target people who feel special about "knowing a secret" - and promptly end up getting completely lost in a fantasy world and even desensitized to the fact most of what they believe in is utter contradictory gibberish... The original "source of the global settlements" under NESARA conspiracy was "wealthy European families who set up a secret trust fund 200 years with 40 zeroes worth of interest". Now the Dinar bunch like "Dr. Todd" have simple scribbled that out and crayoned in "Iraq will save the world" to suit their own sales pitch. The whole "Dr. Todd" thing is total baseless nonsense that only the chronically paranoid / gullible believe in...
It's paranoid psychosis no different to Alex Jones or Ben Fulford (who rambles on about "global settlement funds" & "reptilian dragons" all the time). Do yourself a big favor, step back, take a deep breath and concentrate on the actual facts or you're going to get totally lost in a paranoia fuelled dream world of someone else's making bouncing from one wild conspiracy to another...
---
Really nothing new has been said at all that hasn't already been said on pages 1-3 and there's no point in repeating everything again & again. If you don't understand what has been very clearly explained to you, then re-read it / and study it seriously (and it's very clear you don't - as above you confused Iraq's 30% GDP growth with "having a larger economy than China". Reality check : Iraq's GDP is $143bn. +30% growth = $186bn. Which is still 60x smaller than China (with a 50x smaller population & workforce) and several hundred times smaller than the absurd $72,000bn "RV" figure pumpers have turned into a cult-like obsession...
At the end of the day, if the pumpers were right and had facts on their side, they'd be posting the facts instead of rewriting & blindly regurgitating already debunked 1990's conspiracies as part of their latest sales pitch...
Good God, Barry I don't know whether to laugh that people believe in that - or cry that they see nothing wrong in openly admitting in public that they believe in that as an attempted defense of a scam... OMG. I'm actually left speechless...
4aprofit, if you're reading this, please stop hanging round conspiracy / rumor sites. A lot of people on them aren't just wrong, they're literally ill. Dinarrecaps is also just a junk "rumor" site that lists "Okie & Friends" at the top of its friends list (enough said!) and will post literally anything that sounds "positive" no matter how baseless. You could write your own article claiming to be a US Colonel in Iraq who "just received news of the imminent RV from a visiting Iraq politician" - and they'd post it no questions asked.
Barry, do you remember Thing 1 and Thing 2? Contact 2? They were all interviewed by Gankans from GET in 2010. Okie was a participant in the T1 & T2 call where they talked about prosperity packages and asset backed currencies with commodities still in the ground (like oil) being monetized. Most people don't realize that he goes way back with this conspiracy nut global settlements crowd.
What I love about this Dr. Todd thing is that when he was interviewed last year by Dan (Checkmate) Atkinson he was supposedly one of the authors of The Marshall Plan. The last surviving author of the plan, George Frost Kennan, died in 2005 at age 101. When a few of us pointed this out to PTR I guess they decided to reinvent the guy because this time around he said nothing about it but claims instead that he helped write the plan for Iraq.
Dr. Todd also says that Queen Elizabeth's father set this up, but lists the starting date as 1958. I looked up her dad's bio and he died in 1952. Hmmmm. Also, this guy was apparently telling Dan the RV was going down last Aug/Sept.
http://iraqdinarbasics.forumotion.com/t5273-ptr-evening-call-8-16-2011-from-another-site
http://iraqdinarbasics.forumotion.com/t5531-more-dinar-guru-stuff-from-other-sites-today-8-27-2011
http://iraqdinarbasics.forumotion.com/t6023-coffee-with-dan-tony-and-the-mod-squad-9-14-11-ptr-forum
Barry, yeah, I heard all about that back in 2004. There's some seriously screwed up people making up some seriously crazy stuff out there (and some even crazier ones for believing in it)...
.
John Richardson - "Various US military have repeatedly warned troops of the mis-selling scam."
I can vouch for this personally. When I served in Iraq (1st Infantry Div), some people got well and truly sucked into this scam (mostly those who couldn’t speak a word of Arabic). We had a "talk" in our unit about the Dinar "RV" claims that was pretty much on par with what you, Barry, Stew, IBN, DinarDoucheBags, Forbes, etc, are all saying. Most listened, some "knew better" and have spent the last 7 years chasing a dream (and sadly sounding increasingly irrational). That's the way of life though.
I find it puzzling how people on both sides of this argument find it beneficial to display and dissect the 'seedy' side of the opposition's argument.
Other than solid 'facts', there is one thing I have read lately that makes total sense:
NEVER MAKE THE MISTAKE OF THINKING YOU KNOW EVERYTHING ABOUT ANYTHING!
....I feel everyone can benefit from letting that one sink in.
Wow!...I'm loving it!...In essence, I simply gave you guys a TEST!..I let you see something...something no different than you guy's having a THEORY?...Hey, I dont personally know Dr. Todd...I dont condone, nor do I bash his THEORY...OR IS HIS FACTS?...I'm not bashing everything you guys say...your own ANGRY ATTITUDE...depicts that you have an AGENDA...to PROVE...no matter what...and that my holding DINARS...is not profitable, and that I have lost money, and will continue to lose money...and that it is a SCAM!...So, being I know none of this is fact, and you say it is, how can I trust you over Dr. Todd or anyone else, as you guys I know are lying to me and everyone else!...But, like I've said before, and will continue to say as you all growl about it, I have'nt lost anything in all the years I've been in this, I've had nothing but gains!
P.S...What's funny here, is I give a little information and even give you a few news articles about Iraq and what is happening, or what they may do positively...and the WAR begins all over...if that's not PROOF that you guys have an AGENDA other than being a Forex guru or something, I dont know what is..as if you love Forex or whatever your into, that's what you'd be doing, not worrying over what I simply look at, whether I believe it all or not...your all like running scared!...This is as hilarious as it gets!
4aprofit, I'm not angry with you at all. You are the one viewing simple corrections as a personal attack on your very soul not me. I have nothing against you personally at all.
4aprofit - "P.S…What’s funny here, is I give a little information and even give you a few news articles about Iraq and what is happening, or what they may do positively…and the WAR begins all over…"
4aprofit, let's keep things in perspective - since page 3, I've posted only 6 posts (and none at all on pages 4 & 6) - and you've posted well over 80! In fact you've not only out-posted any single person here by over 5:1 (and me by 12:1), you've literally out-posted everyone else combined! If there's a "daily crusading war" here in terms of sheer obsessional posting, it doesn't lie at my end...
Have a good day 🙂
This APPLIES to all of those that THINK that I'm speaking to them....as they know who they are...who all is it?...that's for them to decide..."basically all that have LIED"...as many have on here!...People simply SHOULD'NT make statements that are the opposite of what the TRUTH is here...UNTIL we see it as FACT!..PERIOD!
Look, let's make it easy, kindergarten style...If I have a dollar bill in my hand and have held it for let's say several years, and I've used that dollar bill to make let's say another dollar bill, now let's say I've got two dollars...due to my being a good hard worker, investor, etc...whatever...but then I've got several folks telling me that I dont have that much, or that I never will, or that it is not possible to do this, or that I will lose my money soon, etc., etc., etc...These are people with an Agenda...or they're the type if you sent them to a mental institution...everybody would jump out the windows...and run from these kooks...because if they know so much, apparently they've never applied it, except to blogs and chats...AND THEN THEY WANT ME TO BELIEVE THEM OR TAKE THEIR ADVICE!...
P.S...The cats outa the bag on this one...AGENDA is spelled out everywhere!!!....
Man, I'm loving it...I'm giving these guys my homework...and they're doing it for me!...Wow, to be able to put financial genius' mentalities to work for you at no pay...is such a rush!...These guys have left their million dollar day jobs to work on my project of the Iraqi Dinar, that they say is worth NOTHING?...But, they give it their all, and to no avail it works them over just like a Pack Mule!....I gave you Dr. Todd for an example'...or we can just call it another theory'..just like you guys have your own theories'...Remember boys, I did'nt condone nor bash Dr. Todd...and I actually like some of you guy's stories and theories..or parts of them anyway?...but, Todd was PRO-Dinar, (something I'm actually profiting from)...and you guys are CON-Dinar...but all stories, theories, etc...ARE JUST THAT...until this ride is over, as no one knows what will happen and who is right or wrong until the PLAN is over with!..I can give you more assignments if you wish?...I need to hear all the negativity that I can get while I'm actually making mooolah!...As I can take the negatives, along with the positives...then compare how many negatives and how many positives I get..then at the end of the day...BINGO!...You see guys, this is a perpetrated, contrived, designed event...that can baffle, confuse and disgust even Wall Streets finest!...This was'nt meant for everyone...and hey if it was, I would'nt be profiting right now!...Catch the drift?...You guys never cease to amaze me...I throw out a morsel...and you dig, dig, dig...and worry, worry, worry...while I PROFIT!..Reverse Physcology is amazing is'nt it?...
Hey 4aprofit. How have you made money buying and selling dinar? Just curious
4aprofit: "This APPLIES to all of those that THINK that I’m speaking to them….as they know who they are…who all is it?everybody would jump out the windows This was’nt meant for everyone I throw out a morsel… "AGENDA is spelled out everywhere!!!…."
WTF is that?!?... Are you drunk???? You've totally lost it...
Wow, smart one...with such dazzling brilliance!...why would one poor soul worry like this, if it does'nt apply to them...my, my...we have more resentment here...your own resentment depicts your one of the one's apparently being spoken to...how well you intercept things....You genius types are teaching us seemingly dumb one's a lot...about yourselves...lol...
O.K....Look, I'm trying to help you out, to run a good mis-information plan, strtegy and format...your just gonna have to do better...and hey, I respect your work, it's just that it never has applied to me...you still don't get it, you know, remember...I'm the guy who's had profits from this thing you hate so much...or you could never, ever...worry so much over me...(Agenda's always have a Plot)...keep dreaming and give me more...I'm loving it...if the old passage is true that "opposites attract"..hmmm...is that like saying that I'm in a bad investment, while actually I'm actually profiting from it?...While I hear mostly bad, but it just keeps getting better...WOW!!!...I say keep feeding the propaganda machine...lol...
So Steve, in essence, you are asking to see spreads, portfolios, tax returns, etc., etc., etc..whether it's with dinars physically held, the ISX, Bank Acct's, Etc...."So some want to see portfolio's in essence, to compare notes, on something that many of them hate or dont even believe in anyway"...do you also want to know what each of us owns in real estate, and/or if any of us that have dinars, may have any gold, silver, cash, etc, too?..Would it even tick some of these dinar naysayers off, to find out that some are even involved in other ventures in Iraq...and that some of them are even involving dinars, and that the dinar plays a part in many various investments too?..do they need to know what brand underwear we have on too?...lol...
If I have money IQD 25,000, and if it has redenomination occurs, how much money will I receive? Is $ 25 or $ 25,000?
The answer is 25 dinar, that will be worth $21.44, just as the 25,000 dinar currently is.
No one actually "KNOWS" anything about a date' or rate'...or how things will transpire'...until it's "OVER"...Period!
Sam I Am - "Barry, do you remember Thing 1 and Thing 2? Contact 2? They were all interviewed by Gankans from GET in 2010. Okie was a participant in the T1 & T2 call where they talked about prosperity packages and asset backed currencies with commodities still in the ground (like oil) being monetized. Most people don’t realize that he goes way back with this conspiracy nut global settlements crowd."
Sorry for the delay in replying Sam, I missed your above post for some reason. Actually no I don't remember that specifically. The whole "global settlements" thing has been wildly contorted and twisted out of proportion by scammers several times over. It's only "new" to some of the current Dinar bunch who didn't hear the first & second iterations of it pre-Iraq war under Bush's first and Clinton's second terms in office... The "levels" he's waffling about are just relabelled NESARA "tranches".
Sam I Am - "What I love about this Dr. Todd thing is that when he was interviewed last year by Dan (Checkmate) Atkinson he was supposedly one of the authors of The Marshall Plan. The last surviving author of the plan, George Frost Kennan, died in 2005 at age 101. When a few of us pointed this out to PTR I guess they decided to reinvent the guy because this time around he said nothing about it but claims instead that he helped write the plan for Iraq.
Dr. Todd also says that Queen Elizabeth’s father set this up, but lists the starting date as 1958. I looked up her dad’s bio and he died in 1952. Hmmmm. Also, this guy was apparently telling Dan the RV was going down last Aug/Sept."
Yup. It's precisely outrageous whoppers like that, that give it away. It takes all of 5 seconds to see when the guy died - Feb 6th 1952:-
https://en.wikipedia.org/wiki/George_VI
Sam I Am -"Also, this guy was apparently telling Dan the RV was going down last Aug/Sept."
He's saying it again this September. So come October in 19 days time, the excuse will be "Oh look! Dr. Todd's just put out another post saying he really meant the end of December 2012... Oh look another post saying the end of Feb 2013". 5 years later... "Oh look, Dr. Todd says...". Rinse and repeat... You know the drill. Have a good one 😉
4aprofit: "So Steve, in essence, you are asking to see spreads, portfolios, tax returns, etc., etc., etc..whether it’s with dinars physically held, the ISX, Bank Acct’s, Etc….”So some want to see portfolio’s in essence, to compare notes, on something that many of them hate or dont even believe in anyway"
No, he's just asking you to simply state how much profit you made, at what rate you bought Dinar at and when, which after spending two-dozen posts screaming "I'VE MADE A PROFIT" at the top of your lungs and foaming at the mouth in general, you now amusingly seem to be furiously back-pedalling and running away from when people ask you the simplest questions...
Come on 4aprofit, out with it - what rate DID you buy your Dinar at - how much - and when? Time to "put your money where your mouth is"!
Mahmoud - "If I have money IQD 25,000, and if it has redenomination occurs, how much money will I receive? Is $ 25 or $ 25,000?"
Mahmoud, here's what the Central Bank of Iraq, Iraqi Finance Committee, Iraqi Parliament & SIGIR (Special Inspector General for Iraq Reconstruction) have to say (the people who are actually in charge of the whole process):-
"CBI has announced that it intends to implement a long-planned redenomination of the Iraqi dinar by eliminating three zeros from the nominal value of bank notes." - SIGIR quarterly reports.
"Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue the new currency in addition to coins in both Arabic and Kurdish. 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)."
“The change that will take place with the Iraqi currency will change the face value of the dinar and not the real value as measured by the value of Iraqi dinar against the dollar and gold. Three Kurdish icons are featured on the new currency: the waterfall of Geli Eli Beg, displaced Fayli Kurds and a woman farmer. The notes will contain Kurdish, Arabic and English script. The financial committee has presented seven different banknotes to the Iraqi central bank which range from 5 dinars to 200 dinars and include coins from 50 fils to 2 dinars coins” - Iraqi Finance Committee
“Mahma Khalil, Member of the Iraqi Parliament and official spokesperson of the Economic Committee stated that the new bill will be printed by a European company and introduced to the market gradually and in a well-planned schedule to ensure it will not result in shocks and would not have a negative impact on the market,” explained MP Khalil. He added the exchange rate between the new banknotes and the old ones would be 1:1,000.”
Basically, 25,000 current Dinar will turn into 25 New Dinar (both worth about $21), but it will have a 1,000x higher ratio. So, eg, instead of having 1,000,000 Dinar at 1170:1 vs the $, it would be 1,000 Dinar but at 1.17:1 vs the $. It all balances out (as it has to).
The whole list of new redenominated banknotes will be as follows:-
New Iraqi Redenominated Banknotes:-
- 100 Dinars (will be exchanged for 4x 25,000 current banknotes) will have the design of the Azwaip in Baghdad on the front, and the University of Baghdad on the back. ONE new redenominated 100 Dinar "University of Baghdad" design note will replace FOUR current red "Kurdish farmer & tractor (front) / King Hammurabi (back)" design 25,000k notes.
- 50 Dinars (will be exchanged for 2x 25,000 current banknotes) will have design of King Codaa (Lagash II dynasty) on the front and a picture of Fort Ukhaydir (a Fort archaeological dates back to the era of the Abbasid) on the back. ONE new redenominated 50 Dinar "King Codaa" design note will replace TWO current red "Kurdish farmer & tractor (front) / King Hammurabi (back)" design 25,000k notes.
- 25 Dinars (will be exchanged for 1x 25,000 current banknotes) will have a picture of King Hammurabi receiving the law on the front, and a picture of a peasant from Iraqi Kurdistan working in agricultural fields on the back. ONE new redenominated 25 Dinar "King Hammurabi" design note will replace ONE current red "Kurdish farmer & tractor (front) / King Hammurabi (back)" design 25,000k note.
- 10 Dinars (will be exchanged for 1x 10,000 current banknotes) will have the Arab-Muslim image of the Dinar on the front, and a picture of the qHadba Lighthouse in Mosul on the back. ONE new redenominated 10 Dinar "Mosul Lighthouse" design note will replace ONE current green "Abu Ali Hasan Ibn al-Haitham (front) / Great Nurid mosque in Mosul (back)" design 10,000k note.
- 5 Dinars (will be exchanged for 1x 5,000 current banknotes) will have a Kurdistan waterfall on the front, and a picture of an Iraqi palm on the back. ONE new redenominated 5 Dinar "Kurdistan Waterfall" design note will replace ONE current dark blue "Geli Ali Beg waterfall (front) / Al-Ukhether desert fortress (rear)" design 5,000k note.
New Iraqi Redenominated coins:-
NB: Iraqi coins are measured in "fils" which are like US "cents" except there are 1,000 rather than 100 subdivisions, ie, 500 fils is 1/2 Dinar, 250 fils is 1/4 Dinar, 100 fils is 1/10th of a Dinar, etc.
- 1 Dinar coin (will be exchanged for 1x 1,000 current Dinar banknote) will contain the design of a map of Iraq and highlight the Tigris and Euphrates. ONE new redenominated 1 Dinar "Iraqi Map & Rivers" design COIN will replace ONE current brown "Iraqi coin (front) / Mustansiriya School Baghdad (rear)" design 1,000k Dinar note.
- 500 fils coin (will be exchanged for 1x 500 current Dinar banknote) will contain a larger image of just the Euphrates river. ONE new redenominated 500 fils "Euphrates" design COIN will replace ONE current bluish-green "Dûkan Dam on the Al Zab river (front) / Assyrian winged bull (rear)" design 500 Dinar note.
- 250 fils coin (will be exchanged for 1x 250 current Dinar banknote) will contain a larger image of just the Tigris river. ONE new redenominated 250 fils "Tigris" design COIN will replace ONE current bluish-purple "Astrolabe (front) / Samarra Mosque minaret (rear)" design 250 Dinar note.
- 100 fils coin (will be exchanged for 2x 50 current Dinar banknote) will contain an image of a Babylonian lion. ONE new redenominated 50 fils "Lion" design COIN will replace TWO current purple "Basra grain silo (front) / Date palm (rear)" design 50 Dinar notes.
- 50 fils coin (will be exchanged for 1x 50 current Dinar banknote) will contain an image of a Mesopotamian palm. ONE new redenominated 50 fils "Palm" design COIN will replace ONE current purple "Basra grain silo (front) / Date palm (rear)" design 50 Dinar note.
- 25 fils coin (worth half of 1x 50 current Dinar banknote) will contain an image of the Babylonian Ishtar Gate. TWO new redenominated 50 fils "Ishtar Gate" design COINS will replace ONE current purple "Basra grain silo (front) / Date palm (rear)" design 50 Dinar note.
These simple neutral facts are direct from the Central Bank of Iraq, without being "misinterpreted" or "twisted" by American salesmen on stupid "conference calls" or "rumor tidbits" to suit their own dishonest agendas.
Certain trolls here above angrily shouting "no one will know what will happen" over and over (more to convince themself than anyone else) are usually so blinded by their own greed and dumb paranoid conspiracy theories they simply refuse to hear or accept anything that disagrees with them - even when it comes from top Iraqi's in charge of the whole redenomination process and is openly repeated every month on Iraqi TV to 30m Iraqi's, printed in mainstream Iraqi newspapers, etc...
PS: Read this excellent post for an idea as to why the whole "1,000x richer overnight RV" thing is absurd:-
https://www.iraq-businessnews.com/2012/08/29/7-questions-for-dinar-speculators/comment-page-3/#comment-112934
Hope this helps Mahmoud, as there's a ridiculous amount of lies and confusion circulating out there by salesmen with vested interests.
YOU STILL HAVE NOT SHOT DOWN HOW WALLSTREET INVSETORS ARE LEAVING THE MARKET TO GET INTO CURRENCIES AND THEY`RE BUY THE DINAR!!! OR WHY THE DINAR HAS RISEN 0.26% ON THE DIRHAM OR THE .15% IT HAS GAINED ON THE JORDANIAN DINAR EXPLAIN THAT OR HOW THE DMCC HAS STATED THAT THE DINAR IS A GOOD STRONG CURRENCY AND THEY`RE WAITING ON IT`S RETURN? IF YOU DON`T KNOW WHO THE DMCC IS THEIR THE BIG BOY`S IN DUBIA SO UNTIL I HEAR THEY DON`T WANT TO INVEST IN THE DINAR YOU BLOWING SMOKE UP ALL OUR @$$`S!
No one actually “KNOWS” anything about a date’ or rate’…or how things will transpire’…until it’s “OVER”…Period!
The dinar has risen 1/3 of 1% since 2009. At this rate it will take over 60 years to break even when you add in the exchange fees. The reason it increased in value from 2006-2009 was the CBI had to raise the value to get inflation under control. Since they accomplished that in 2009 it has barely moved.
SORRY SAM NUMBERS DON`T LIE I BOUGHT 1MILLION FOR $650 IT`S WORTH $927 USD I THINK THAT`S A GAIN YOU GUY`S SEEM TO NOT UNDERSTAND WERE GONNA EXCHANGE THIS CURRENCY BACK INTO AMERICAN DOLLAR$ HELL RIGHT NOW IF I COULD GET TO AED MY MILLION IS WORTH IN DIRHAMS 3,190.38 SO THIS CURRENCY IS GETTING STRONGER I`M SORRY GUY`S I`M NOT LOOKING FOR 10000000% GAIN NOT REAL BUT I SEE MY INVESTMENT HAS GAINED ALREADY! SORRY GUY`S I DON`T BELIEVE YOUR HYPE!
THE THING I FIND TRULY FUNNY IS YOUR ON THE IRAQ BUSINESS NEWS SITE AND THEY POST NUMBERS OF HOW MUCH MONEY IS FLOWING INTO THE COUNTRY YOU GUY`S KEEP SAYING THE CURRENCY IS BUNK I THINK YOU NEED TO SIT BACK AND SEE WHAT IRAQ IS GONNA DO!
Good post Barry. Nice to see someone posting the truth about Iraq's new banknotes. That the CBI have now openly stated the highest post-redenomination banknote will be 100 (possibly 200) Dinar pretty much destroys the pumper BS lies "they'll be reusing old notes" or "only some notes will be swapped" or "lower denom notes are immune" or "they won't redenominate (lop)", etc. If they don't "lop" then Iraqi's will supposedly be handing over the equivalent of a dozen $100 bills (over $1,000) for a loaf of bread... Duh! People saying "we can't possibly know what will happen!" Maybe if you took your fingers out of your ears and eyes, you'd know too. 😉
For those who want the source (in English with links to original Arabic):-
"Iraq discloses designs for redenominated banknotes slated for July 2013
According to Iraq's semi-official Alsabaah newspaper, the finance committee received specimens of the new Iraq banknotes from the Central Bank of Iraq. The specimens were of the 25, 50, 100, and 200 dinars. The committee urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process.
Other Iraqi media reports state that the new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen for banknotes and coins..."
http://www.banknotenews.com/files/e6aeb4a9a73b43af93fb33b73f0c705d-2193.php
Hmmm. I didn't think it was a particularly difficult question, and I don't understand why after spending page telling everyone how much "money you've made", you now seem terrified to speak the truth. So let's try again:-
4aprofit - How many Dinar's did you buy and when did you buy them?
It's really not that hard...
2collectg if you bought at $.00065 you probably bought prior to 2006. Congratulations. You're one of the few dinar investors to be in a profitable position. Now you have to decide whether to take your profits or risk it all and hope there's no redenomination. I know what I'd do.
2collectg - "YOU STILL HAVE NOT SHOT DOWN HOW WALLSTREET INVSETORS ARE LEAVING THE MARKET TO GET INTO CURRENCIES AND THEY`RE BUY THE DINAR!!! OR WHY THE DINAR HAS RISEN 0.26% ON THE DIRHAM OR THE .15% IT HAS GAINED ON THE JORDANIAN DINAR EXPLAIN THAT OR HOW THE DMCC HAS STATED THAT THE DINAR IS A GOOD STRONG CURRENCY AND THEY`RE WAITING ON IT`S RETURN? IF YOU DON`T KNOW WHO THE DMCC IS THEIR THE BIG BOY`S IN DUBIA SO UNTIL I HEAR THEY DON`T WANT TO INVEST IN THE DINAR YOU BLOWING SMOKE UP ALL OUR @$$`S!"
First of all stop shouting and typing everything all in caps like a retarded child. Secondly, ALL currencies fluctuate slightly every single day. The $ has fluctuated in double-digits % vs the Euro over the past few years:-
http://www.x-convert.com/images/charts/EUR_USD_10year.png
Why aren't you screaming at the top of your lungs and panic hoarding $ over that?... Thirdly, the DMCC thing you've developed an irrational obsession over was explained pages back which you ignored. They aren't "waiting on its return" the way you think, they were talking about investing in Iraq in general and a "return" of Iraq's oil-production. All you're doing is confusing "currency" with "economy" again on the back of your chronically bad maths.
2collectg -"SORRY SAM NUMBERS DON`T LIE I BOUGHT 1MILLION FOR $650 IT`S WORTH $927 USD I THINK THAT`S A GAIN YOU GUY`S SEEM TO NOT UNDERSTAND WERE GONNA EXCHANGE THIS CURRENCY BACK INTO AMERICAN DOLLAR$ HELL RIGHT NOW IF I COULD GET TO AED MY MILLION IS WORTH IN DIRHAMS 3,190.38 SO THIS CURRENCY IS GETTING STRONGER"
2collect, on page 2 you couldn't even tell a million from a billion (even with calculator), and your maths are just as faulty here now... At current 1165-1170:1 rate, 1m Dinar is actually worth approx $854-$858 (less if you include commission fees). A rate of "$927 per 1m Dinar" means you're claiming that today's IQD:USD exchange rate is 1078:1 which is another blatantly obvious bald-faced lie that takes all of 5 seconds to debunk simply by looking up the value of the Dinar (over 1165:1). Do you think you can just invent stupid exaggerated figures that sound nice and hope no-one will notice your lies?
And even if you weren't lying about the rate you bought them at, a 40% profit over several years works out to under 3.8% compound interest rate of return per year which is a pretty poor "investment" by any standard... I've made more on gold bullion, and trading £, € and $ in a week (that's proper grown-up trading not hiding $1k worth of banknotes in a drawer and having fantasies of it turning into $1m during a perfectly normal redenomination) than you have on Dinar in a decade. And you're trying to give me investment "advice"? 😉
Back on page 3 you wrote : "and for some strange reason my dinar in the AED IS WORTH A COUPLE GRAND! MY 3MILLION IN DINAR WORTH ABOUT 8000 IN DIRHAMS!"
Well yes it would be because of the 317:1 IQD:AED exchange rate. Given your "8000 Dirhams" as a base figure, and given that 1AED also = $0.27, 8000 Dirhams works out to roughly $2,160 which is roughly what 3m Dinar are in $." Given that you claimed to have bought 1m Dinars for $650 (so 3x that for 3m Dinars = $1,950), that works out to a 10% profit (excluding sales commission fees which if included would reduce even that to virtually zero) over several years. You can get more than that sticking it into a 2.5% rate savings account with compound interest over the same period and more than double the return with simple fixed-term deposit bonds...
4aprofit "No one actually “KNOWS” anything about a date’ or rate’…or how things will transpire’…until it’s “OVER”…Period!"
People still talking about dumb "set RV rates" and "no-one knows" are the truly clueless ones. There is no fixed dictated "rate" during a redenomination. It's a simple 1000:1 lop of whatever the market rate is the day it gets lopped. If the Dinar is 1170, then the new rate will be 1.170. If it's 1168, then the new rate will be 1.168. If it's 1165, then the new rate will be 1.165, etc. It's not that hard to understand (for those who actually want to understand it that is...)
At the end of the day, the new denominations and designs of Iraq's post-redenomination new banknotes (200, 100, 50, 25, 10, 5) and coins (1, 0.500, 0.250, 0.100, 0.050, 0.025) are openly described above and are staring you in the face like a giant elephant in the room. Unless you're that "special" you genuinely believe that Iraq's will be paying over $1,100 for a loaf of bread in Iraq, etc, there's really no alternative but to accept the obvious redenomination. Iraq has openly stated on live TV and in mainstream newspapers to 31m Iraqi's, the highest new 25 Dinar notes will be exchanged 1:1000 with current 25,000 Dinar notes and they'll have the same value. And everyone on the planet except Dinar pumpers and their conspiracy-addicted cult followers already knows and accepts that. Your emotional denial of the obvious redenomination is your problem, not mine. Shouting "it can't be true, no-one will know, it can't be true, no-one will know" every day over & over just makes you look even more ridiculous and in deep denial.
Does it matter...what I, and/or some others may have paid, or even have made on Dinars...over the many years...to NAYSAYERS?...or even WHEN?...Or in WHAT TYPE of configuration or what type of Iraqi Investment it may have been in?...So what, even if it was per million @ 400.00, 600.00, 800.00, 1000.00 or even a 1200.00...even with GAINS on some, and NO GAINS on some of the other investments...or YET!...IMO..that is all irrelevant, as per the big picture on this thing, and as per what the future holds, has'nt ARRIVED..YET!...as I will reiterate what the BIGGIE is below...........all over............. A G A I N ! ! ! . . .
No one actually “KNOWS” anything about a date’ or rate’…or how things will transpire’…until it’s “OVER”…Period!
4aprofit: "No-one can possibly know more than me about the Dinar"
Good God man, the size of your ego is unreal...
Look guy, I'm a geek and I probably know a lot more about computer programming than you. Barry has made a lot of money on Forex & gold, and he (very clearly) knows an order of magnitude about Forex than you. Neurosurgeons and helicopter pilots know more about neuro-surgery & helicopters than both of us combined. In the real world, different people with different hobbies, jobs & experience obviously end up with different levels of knowledge on different subjects. This is real life on Planet Earth. Dry your eyes and start dealing with it because "No-one can possibly know, so don't say anything more" is nothing more than childish pride-saturated egotistical pumper censorship attempts...
You've made almost 100 posts here - ONE HUNDRED - on just 7 pages (5-20x more than any other person - do you not see how desperate that appears to others?) and 95 of them are just daily screeching variants of "shut up because I don't like what you say even though you back it up with verifiable facts to which I have no answer other than keep hyper-ventilating "you don't know, you don't know, you can't know, I don't want you to know, you don't know, you don't know"...
We know what your fantasy is (becoming a millionaire from changing up $1,000 of banknotes and back again). In private that's not an issue - you believe what you want - and do what you want with your money. The problem is when you keep demanding everyone else share your fantasy in a public forum, demand they accept your beliefs on par with proven contradictory facts then try and justify that demanded "equality" by saying everyone else is stupid and clueless so they should all go away to make you feel better about yourself every day... That stuff might work on censored pumper forums filled with "ego-strokers" who tell people what they want to hear with baseless drivel like this:-
Doonie - "Good evening everyone and boats are floating in lakes and rivers…planes are flying high and dropping off folks in remote locations as we speak. I have great intel from the other side of the pond. It appears that the stage has been set for a stunning movement with the IQD. All major players has signed off on the re-valuation of iraq’s currency and is scheduled to be released to the citizens of Iraq by noon 4-17-2011."
Johnnydinaro, April 15 2011 - "The IMF met with the UN late into the night going into to the early hours of the morning. In the end the UN gave the BIS authority to release the RV. It will be announced today."
Rich Queen - March 1st 2011 - "Hi guys, just wanted to clarify things a little. In my excitement I wasn’t clear. Here it is: something that wouldn’t be possible without the RV is now possible. Notification went out today. The $$$$ floodgates open TOMORROW. I wish I could be clearer than that but I can’t. This is 100% REAL."
Topguner, Feb 2nd 2011 - "just hearing it is going to happen tonight… so it seems is everyone else"
Buckeye - Jan 31st 2011 - "Hearing no later than Wednesday or Thursday"
And the year before that (2010):-
tk, June 2010 - "I HAVE BEEN TOLD BY A HIGH SOURCE THIS IS GOING DOWN THIS WEEK. WELL REALLY THREE DIFFERENT SOURCES TODAY. EVERYTHING IS DONE"
OKIE_OIL_MAN, Oct 31st 2010 - "OK JUST RECEIVED THE CALL FROM BAGDAD I HAVE BEEN WAITING FOR-FROM A U S COLONEL STATING VIRTUALLY THE SAME AS I POSTED WITH THIS EXCEPTION-HE SAID HE WAS INFORMED FROM HIGHER-UP THAT FROM 1 TO 7 DAY’S AFTER THE ELECTION HERE IN THE U S A THAT WE WILL POSTIVELY HAVE A GO ON THE R/V-THIS IS ABOUT 30 SECONDS OLD-LET’S KEEP THIS LOW KEY FOR THE TIME BEING-HE SAID HE HAD BEEN TRYING TO CALL ME ALL DAY BUT MY PHONE HASN’T RESTED SINCE LAST NITE’S POST--HOW ABOUT THAT SPORT FAN’S??????"
And the year before that (2009):-
Dinardaddy, Dec 15th 2009 - "Everyone I speak with, or read, or hear of that seems to be connected is saying it will happen this month."
DinarDaddy, Dec 18th 2009 - "I heard from one contact that said a source of his told him there is a 100% chance of RV by Monday the 21st [Dec 2009]. The expectation was in the $2+ range."
And the year before that... And the year before that... And the year before that... See how stupid all that "intel" looks when all put together 2-5 years on? "Can all these people saying the same thing be wrong?" The answer is YES - they were all wrong!
This is from the DinarRecaps and other such "truther" sites you obsessively hang round and cling to. It's not real. No, really. It isn't. It's just a bunch of attention seekers making nonsensical stuff up, copying each others posts, then later trying to hide behid the old "no-one can possibly know what will happen" excuse to salvage their "credibility" by shutting down common sense and health fact-based debate (because they have none themselves).
Even the site's own disclaimer states "This website is for entertainment purposes only" (as does Breitling Blog and a dozen other "RV" sites, etc). Don't you ever stop to wonder exactly what that means and why serious Forex sites like xe.com don't use those exact words? Serious sites use things like "We strive to correct inaccuracies at earliest possible convenience". Joke site's like DinarRecaps don't even try and hide the fact their "debate" is anything *but* the facts, and focused solely on 'entertainment'!
Dude, take a time-out for a while, because you're not going to "win" anything by constantly jumping in the middle of other people's conversations and yelling "shut up, you don't know anything, YOU DON'T KNOW I TELL YOU, YOU DON'T KNOW!!!!" on more serious business forums like this, every... single... day... like an old stuck, worn-out record. Whether you like it or not, some people genuinely do know more than others on certain subjects - and that's nothing to be ashamed of - just part of everyday normal life.
there`s been some SERIOUS STATEMENTS about the IQD over the last week from ABU DAHBI GCC DMCC THE ARAB MONETARY FUND all the big SHOT`S talking ABOUT HOW IT`S HOT LIKE A POTATO but i come on here everyday and see people giving advice to peopel who INVESTED THEIR OWN MONEY INTO ALOT OF DIFFERENT CURRIECNIES and hope the DINAR DOES GOOD! i read everthing that the i could find on how iraq could return to THE INTERNATIONAL MARKET AND HAVE A STRONG CURRENCY AND THEY HAVE FUFILLED A LOT OBLIGATIONS IF I`M WORNG WHEN I SAY I HOPE THEY POP A WHELLIE ON ALL THE NAY SAYERS BUT IF THE CURRENCY TURNS OUT TO BE BUNK THEN IT`S BEEN A FUN RIDE NEXT CURRENCY FOR ME IS SEIRRIA LEONES LONG SHOT!
I BOUGHT THIS STUFF FOR A PENNY I JUST WANT TO SELL MINE BACK FOR A DIME!
Just another HMMM???....
Will open the Baghdad Stock Exchange and infiltrated .. Conference in London will turn Iraq into a bank to finance the bankrupt states
Author: the future of Iraq
17/09/2012 12:00 am
BAGHDAD / future Iraqi
parliamentary sources said that a high-level Iraqi delegation will attend a conference on investment in the banking sector and banks in Iraq to be held in the British capital London. Sources indicate that the conference will make Iraq a bank to finance the rescue bankrupt economies and banks in Europe and the United States, as is the case with the GCC banking sector. The sources also indicated that if this plan has, will make the Baghdad market securities exposed, and infiltrated by foreign companies, in return for a scenario that occurred in Southeast Asia in the eighties and caused the bankruptcy of those countries.
http://www.almustakb...w.aspx?ID=27774
A Better Link:
http://www.almustakbalpaper.net/ArticleShow.aspx?ID=27774
2collect, will you please STOP SHOUTING and talk normally. What's wrong with you? So the DMCC say Iraq might be a good place to invest for the long run? Fair enough. But that still won't make its currency shoot up 99,000% overnight during their planned lop (which is the whole point of the article - not about tangible investing in Iraq's economy - but amateurish gambling on the Dinar currency on the back of deliberately false mis-selling)...
As for "Sierra Leone investing" - go for it! In a poverty-stricken country where 2/3rds of the population engages in subsistence agriculture with the average wage being just $0.30 per hour and inflation raging at 15.7%, you can't possibly lose... LOL 😉
4aprofit - "The sources also indicated that if this plan has, will make the Baghdad market securities exposed, and infiltrated by foreign companies, in return for a scenario that occurred in Southeast Asia in the eighties and caused the bankruptcy of those countries."
So the article you quote says that bleeding Iraq dry to bail out Europe is a seriously bad idea that would bankrupt Iraq and collapse the Iraqi stock market, and you think that somehow supports an "RV"?... Iraq's GDP is $140bn. Europe's is $17,570bn (125x Iraq's). Think about it... 🙂
One thing I have learned from this experience is that investing in paper currency is a lousy idea. Currencies don't increase in value enough to cover the spread 99% of the time. The only good paper currency investment is rare old bills with numismatic value.
Many rates on currencies that are high, are false, and many that are low, are false!...has any of these guys ever heard of "fiat" currencies/monies?...Have they ever heard of the word "emerging"...or "emerging market countries and/or their "currencies"?...I guess they will figure it out after the BIG FLIP!...What you see is what you get TODAY!...but after the change that will put all country's in perspective of where they SHOULD be'...is when many of you will WAKE-UP!...So dream on naysayers!...If it were'nt for you guys this would'nt work anyway!...lol...
P.S. I think many of the "naysayers" actually own under-valued currencies...knowing that this is happening eventually?...It's just not their day-job...this bashing of us is!...lol...
Another HMMM???...
http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=18779:economist-highlights-feasibility-of-crossing-out-zeros-from-iraqi-currency&catid=42:2011-11-19-15-21-51
i see you concentrated on how i was TYPING MY WORDS THEN WHAT THE TRUTHS ARE! to many BIG BOY`S are riding with this CURRENCY so i`m NOT entertaining any of you guy`s expertise when it comes to INVESTING IN CURRENCY I CAN BUY FOR A PENNY AND SALE BACK FOR A DIME!!! let`s see what the week bring`s i think some of you nay sayers are in SHOCK to much good news about the investment HAS YOU SOUNDING LIKE THE MYTH ROBME CAMPAIGN I WILL NOT LET FACTS GET IN THE WAY OF MY MESSAGE THE DINAR IS BUNK! LOL!
2collectg - "I WILL NOT LET FACTS GET IN THE WAY OF MY MESSAGE THE DINAR IS BUNK!"
You believe the Dinar is bunk? Oh, OK...
so will it revalue at 3.00 or not?
i see the only response you had barry was NOTHING! hey barry i`m not gonna drive you guy`s about your MISTATEMENTS ABOUT THE IQD! i`ll let WHAT EVER RATE COMES OUT DO THAT FOR YA! AND REMEMBER ALL INVESTORS ARE NOT GURU`S FROM THE SITES I`M A TRUE CURRENCY TRADER LEARNING AS I GO!
MONEY THAT YOU FOLD IS FOR THINGS BOUGHT AND SOLD! MONEY THAT YOU LAY FLAT & STACK SOMEBODY WILL BUY THAT BACK!
AS FOR THE LEON REMEMBER THOSE BLOOD DIAMONDS? CAN YOU SAY DBEERS!!! I GUESS YOU DON`T KNOW HOW MUCH DIAMOND CRYSTAL THAT COUNTRY HAS???