#wearethepeople has been tweeted more than four million times in the past three weeks.
It looks like an anti-government protest, but who’s really behind it?
The Trending team investigates how financial ‘gurus’ are using the hashtag to encourage people to buy Iraqi dinar.
Click here to listen to the report from BBC.
(Source: BBC)
(Iraqi Dinar image via Shutterstock)
This joke of a movement is lead buy Tony Renfrow of TNT dinar an idiot that believes controversy will push Iraq into doing something about the dinar value sooner than is possible. He's well known in the US if you have any understanding of what's really going on you don't listen to him. He's the on that prompted all his follow to #wearethepeople on twitter and make strange acronyms referring to a conspiracy that revaluation has happened big players have been cashed out by bankers and his followers have been cut off from doing the same. Total nut job followers as well. pay no attention to it he knows not of what he speaks.
[…] markets, several people familiar with the situation said. LINK [xyz] T on iraq site … https://www.iraq-businessnews.com/2014/02/18/the-truth-behind-wearethepeople/ [xyz] China drains $8bn from money marketsYuan notes being counted China’s central bank […]
Mr. Renfrow has a history. Some of it can be found as public record in the United States Federal Justice system where he will be on trial for past issues. Click the link for details:
https://www.docketalarm.com/cases/Kansas_District_Court/2--12-cr-20041/USA_v._Renfrow_et_al/docs/1.pdf?download=true
He has been able to delay this for a while, but his next court date is in March.
the person(s) behind the '#wearethepeople' are currently under US District Court Indictments for samming people out of millions of dollars since 1993. Tony Renfrow and His brother Ray Renfrow are violating a Federal Magistrates court order(s) to refrain from these illegal activities. Both are using the website 'TNT dinar' to gather donations from desperate IQD followers (20,000+ members)to pay for legal & living expenses. these 'donations' are being funneling thru a paypal acct in tony's daughters name, apparently this is a crime family!
both these guys have multiple charges in multiple regional districts (North Carolina, Kansas, California)- current estimates of victoms losses exceed $4,825,000.00 & counting.
We are the people!!!....I would say you are the nut job for you really have not a done a very good job of investigating. If you did you would know there really is a secret government stealing all your constitutional rights and libertys away! And the only thing that will stop them is we the people waking up and standing together. So my suggestion is stop making the people believe there is nothing wrong. You might not like Tony but your opinion is less than desirable. Maybe you should check out http://www.hollowearthnetwork.com.
email sent to the BBC
[email protected]
Subject: #WeAreThePeople
Greetings;
With all due respect, this # originated from a group of Patriots on an internet chat and forum, (and it definitely wasn’t Tony’s site) who are protesting Obama's illegal Executive Orders and his leadership that is leading our country into a destructive position
The purpose is not what you stated; it is to draw the attention of US Citizens to remind them that the fact is: that we are a Republic, not a Corporation with a CEO or a Dictator, and that our Government is subject to our Constitution and The Bill of Rights.
We are "The Republic "For" The United States of America!"
"WE THE PEOPLE"....., hence: "#WeAreThePeople".
Respectfully,
Merry Bird
Merry sorry to have to put you right but I was listening the day Tony started it on blog radio it's irrefutable recorded and stored. He's probably requested the site delete that segment by now. But to be sure make sure your looking at the right twitter “#WeAreThePeople” there are a number of campaigns with that title.
Any one that knows anything about the dinar know those tweets are orchestrated buy tony and perpetuated by his blind followers and are referring to one thing only.
And all it's going to achieve is anger from Iraq official's which can only harm the process in the long run. If he could back up what he preaches I would give him credit but he doesn't because he has no proof. What I don't understand is why people follow as he constantly lets them down with supposed Intel month on month year. And not only that his dubious past and present legal problems are well known and yet they still follow.
http://www.hollowearthnetwork.com. ! No way I'd get involved in that probably another one of tony's scams he's started up.
investigating! I was hearing it all the day he and his cohorts started on his show I'm sure claims of a secret government are possible and the constitution states citizen's should unite and fight against it. but that's not what “#WeAreThePeople” TNT is about it's about one thing only the dinar and web traffic back to his site his main goal to sell dinar or to get donations which by the way is illegal you only need to read the page to see what's missing I'm not say what that is but the IRS already knows. fYI I do get involved in people movements but only legitimate ones that are based on fact not fiction.
My "opinion is less than desirable" May be to some it's mine and I'm entitled to it. But I'm not running a scam to rob people!
The truth behind “#WeAreThePeople”
http://mriqd.com/2014/02/20/criminal-court-docs-on-tony-tnt-he-got-4-years-time/
"The International Monetary Fund told BBC Trending that the claims being made are "completely fraudulent". Top economists that we have spoken to from Harvard University to the London School of Economics have dismissed the ideas being promoted as "complete hokum" and "dangerous". The dinar has been stable since 2010, and - say economists - if is revalued then it is more likely to go down against the dollar than up."
http://www.bbb.org/us/article/foreign-currency-scam-is-a-bad-investment-43607
Better Business Bureau:
Foreign Currency Scam is a Bad Investment
Looking for a safe investment? Don’t fall for promises of fast cash by investing in foreign currency scams.
How the Scam Works:
The advertisement promises an easy investment with high return and low risk. With only $5,000 (or a similar sum), you could purchase Iraqi Dinar, Vietnamese Dong or, most recently, the Egyptian Pound. When those governments revalue their currencies, increasing their worth against the dollar, you just sell your Dinar, Dongs or Pounds and cash in.
It sounds like a great investment, but it’s a scam. The hoax is so appealing because, unlike previous forex (foreign currency exchange) scams where victims were given a bogus “receipt” for their money, you can actually purchase these currencies. The problem is that they will be very difficult to sell, and it’s extremely unlikely they will ever significantly increase in value. Many experts have explained why the investment promises are false.
The Iraqi Dinar is the most popular currency used for the this scam. But given recent political upheaval in Egypt and the growth of the Vietnamese economy, these currencies are also gaining traction.
If you believe you are a victim of foreign exchange fraud, please file a complaint with the US Commodity Futures Trading Commission either through their website or by calling 866.366.2382.
BBC Trending what a joke listen to the on air recording a bunch of young kids talking and eating on air mostly about food not a direct link the actual one is on the page. http://mriqd.com/2014/02/17/tony-tnt-renfrow-gets-blasted-by-the-bbc/
plus my opinion not the site owners.
Perpetual nay Sayers never win or risk anything,
nothing is guaranteed when it comes to investing. Only when the results are known will the winner's and loser's be. If it turns out I'm the later no biggie I'm not into it heavy.
promises of fast cash that's funny since I've held mine since 2005 and have cash in other investment longer than that. When the dinar is OMO I'll be buying more while it's low if it's high I'll cash out that's how investing works. but never invest more than you can afford to loos and never take any one persons word as the all knowing. do your own due diligence research.
stew how are you to call it a scam I guess when you don't have a clue what's going to happen all you can do is quote so called experts' because expert's are never wrong in your book.
How am I some one how invested many years ago when it looked like no hope present what experts do I look to none. what is my position history from the ashes to present day what's my take Iraq's wealth is strong and epidemically growing.
stew does`nt like facts like the fact iraq opened a world wide exchange in baghdad FIRST OF IT`S KIND or that they have connected to the LONDON STOCK EXCHANGE or that INDIA STARTED A CHAIN REACTION WHEN THEY ASKED FOR DINAR INSTEAD OF USD WHEN DOING TRADES OTHER COUNTRIES STARTED ASKING FOR IT IN LEW OF PAYMENTS! or that on sept 9 of 2012 the EMIRATES MARKET started trading the IQD against the AED and it gained 0.26% marking 0.0032 also in that same week it gained 0.15% against the JORDANIAN DINAR marking 5.1805 DIRHAMS! i`m taking my Q from the WORLD BANK WHO HAS STATED THAT IRAQ HAS INSUMOUNTABLE WEALTH! the IRAQ DINAR CURRENCY IS THE FACE THE PRIDE OF THAT COUNTRY AND IF ANY SO CALLED EXPERT THINKS THEY ARE NOT SERIOUS ABOUT RETURNING TO THEY FORMER INTERNATIONAL STATUS WHICH ANY SMART PERSON KNOW IS A COUNTRIES CURRENCY! if you did`nt pay attention when the RUBS over here would`nt passed the DEBT! the us dollar is our international STATUS YOU SEE WHAT HAPPENDS WHEN POLITICIANS FOOLED AROUND WITH OUR INTERNATIONAL STATUS THE WORLD GET`S NERVOUS! so i know one day i`ll check a currency convert and the DINAR I SPENT A LITTLE ON MIGHT GIVE ME A LOT BACK ONE DAY! IT`S ALL SPECULATION!
All of the above 2collectdinar and so much more.
Which one of those facts equals a 100,000% revalue?
The facts are Iraq has a money supply of over 80 Trillion dinar. They have $70 Billion in FX reserves. That equals the 1160:1 exchange rate.
They have a GDP of $200 billion which is less than 1% of the world GDP.
A 1:1 rv like gurus claim would give them more currency than the rest of the world combined. Facts: Less than 1% of the world economy, more currency than the rest of the world combined. What kind of mind is required to believe that is in any way possible?
If you believe the dinar you have bought will RV to anything over a penny (it wont even be a penny) you are the victim of a scam.
Again Stew your micro over thinking it your right 100,000 % re value is ridiculous who is telling you there expecting that to see that happen! 1160:1 exchange rate that's the now rate I think your problem is you ignore potential. "RV to anything over a penny" I'm not a forex trader but that would be good news to me OMO let the traders start to move it up.
A countries GDP is not measured by how it comperes to the rest of the world in total! It's compered country to country and you know it just your way of twisting things.
Yes Iraq is no big player for GDP I guess that means to you they are a 100.000 years away from ever improving. any one can clearly see they are a seedling at the moment but even a Sequoiadendron gigantuem starts that way.
Your right the dinar hacks are wrong with all the lies and spin their placing on the dinar but your doing the same the other way round and that's fine we'll see how it turns out. and I'll see you back hear at that time.
What kind of mind! HE WHO DEARS WINS THE GAMBLER THE SPECLATOR
NOT TO SHABY AFTERALL
GDP (Millions of $US)
List by the International Monetary Fund Iraq 212,501 rank 45 of 190 countries
List by the United Nations Iraq 149,370 rank 56 of 190 countries
List by the World Bank Iraq 210,280 46 of 190 countries
List by the CIA World Fact book Iraq 212,500 of 190 countries
GDP (Millions of $US)
List by the International Monetary Fund Iraq 212,501 rank 45 of 190 countries
List by the United Nations Iraq 149,370 rank 56 of 190 countries
List by the World Bank Iraq 210,280 46 of 190 countries
List by the CIA World Fact book Iraq 212,500 of 190 countries
United States: GDP: $15.68 trillion USD (2012)
United States: dept. $17,653.37 trillion and claiming every second
Iraq GDP: $210.00 billion dollars (2012)
Iraq dept: $87.7 billion, of which $45 billion can be subject to debt reduction by non-Paris Club official creditors.
Iraq GDP - real growth rate:
10.2% (2012) (2013)not avail
country comparison to the world: 7
stew currency can not be a SCAM! the (BIS) BANK OF INTERNATIONAL SETTLEMENTS BASEL IN SWITZERLAND supplied the SILVER PLATES to DE LA RUE to print the SWISS DINAR the kurds had no FORMAL GOVERMENT OR CENTRAL BANK TO BACK THIS CURRENCY IT WAS BACKED ON THE WORD THE KURDS THAT THE OIL WILL FLOW TO THE WORLD NO MATTER WHAT!!! WELL SADDAMS DINAR WAS ACCEPTED BUT AFTER I READ THE 2004 BIS REVIEW ON IRAQ I REALIZED THAT THE KURDS AND THAT SEA OF OIL WAS WHAT WAS REALLY HOLDING UP THE COUNTRY AFTER ALL THE SANCTIONS AND BLOCKADES WERE APPLIED THIS IS WHY THE BIS HAD DE LA RU PRINT THOSE NOTES HARD TO COUNTERFEIT!(SADDAMS NOTE WERE HEAVLY REPRODUCED) BUT WHAT REALLY WOKE ME UP WAS WHEN I REALIZED THAT DE LA RUE PRINTED THE NEW IRAQ DINAR I HOLD SO WHEN YOU SAY THIS CURRENCY IS A SCAM YOU DON`T KNOW WHAT THE BANK OF INTERNATIONAL OF SETTLEMENTS DID FOR THE COUNTRY OF IRAQ OR WHAT THEY WILL CONTINUE TO DO TO PUSH THIS NEW DINAR FORWARD WITH VALUE! SO IF DE LA RUE WAS CHOSEN TO PRINT THIS NEW IQD IT AIN`T NO SCAM I HOLD A CURRENCY FORMATTED AFTER THE SWISS DINAR! I`LL TAKE MY CHANCES AND WAIT!
Collect. We have had this discussion before. I know we have talked about this exact same thing a number of times. Yet you continue to make this ridiculously ignorant argument.
I will state it again and I don’t know what part of this explanation so confuses you.
THE DINAR IS NOT A SCAM. The dinar is the legitimate currency of Iraq.
The scam is pumpers/gurus/YOU telling people that it will increase in value 100,000% magically overnight sometime soon. It is a totally absurd notion and is a scam of epic proportion. The Iraqi government has a plan to redenominate the dinar, delete 3 zeros. Iraqis will have to exchange the current dinar for new dinar. It will take 1000 current dinar to get 1 new dinar. People holding dinar outside of Iraq will not get that deal, they will very likely get screwed. If they don’t redenominate they will continue on like they have for years. Might go up a little, might go down a little.
Again, dinar NOT a scam vs people selling/promoting dinar by claiming a soon to happen massive RV is a HUGE SCAM.
If that is above you’re comprehension level, as it seems to be, then… well, doubt I can help.
Forbes wrote an article for you.
http://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/
“You Can't Fix Stupid: The Iraqi Dinar Scam Lives”
There you go yet again "People holding dinar outside of Iraq will not get that deal they will very likely get screwed" where do you get that from sounds like a dinar pumping hack in revers. If your going to make a statement as if it's a fact back it up it's ignorant not too.
If they do what your saying! then yes 1000 dinar will be 1 dinar in country but it will still have the same value in country as 1000 dinar. Think about it what would you and ninety percent of America do if the federal bank came out tomorrow and said your dollar is no 10c. So you think Iraqis are going to sit back and say yes Massa take my life savings and give me back a pittance of it! get real, Iraq will be introducing new notes of lower denomination which will run alongside the present dinar Iraqis will be able to trade their present dinar for the new. they will get 1000 new dinar for 1000 present dinar I think it's going to be over a three year term. If they peg the new dinar to the dollar 1000 dinar will give you 1000 dollars. I don't see them doing that would hope they do but I see it as a low OMO opening and world markets currency will drive it up. I don't care if they come out at ten cents = one dinar I'll have quadrupled at just that.
If they don’t redenominate they will continue on like they have for years. Now that's a ridiculously ignorant argument they have been struggling for ten years to rejoin the world market's and at the verge of that right now redenominate is not the only option unless your ignorant to other options.
you know what I thing your one of those paid debunker's trying to scare people into thinking it's game over and sell it back at a loss. I know your kind are out their getting paid to post and blog by dinar dealers. they get it back for less than they sold it makes people like you as bad as the dinar pumping scammers.
Or you've invested in this way more than could afford and are frustrated how long it's taking.
Only an ignorant stupid person would copy and passed directly from an article with out doing there own research "stupid is as stupid dose" You commentary is not your own it's all snippets from others.
The end game will be the result and you and your forbes almighty will be the ones with the pie in the face.
Paul - "If they do what your saying! then yes 1000 dinar will be 1 dinar in country but it will still have the same value in country as 1000 dinar. Think about it what would you and ninety percent of America do if the federal bank came out tomorrow and said your dollar is no 10c. So you think Iraqis are going to sit back and say yes Massa take my life savings and give me back a pittance of it!"
Paul, it's very obvious you haven't the slightest clue what you're talking about. Iraq are planning a 3-zero redenomination. To "delete 3 zeros" means Iraq will remove 85 TRILLION Dinar currently in circulation at 1170:1 and replace it with 85 BILLION Dinar @ 1.17:1 rate. Iraqi's won't lose or gain anything - and the purchasing power remains the same for everyone - that's the whole point of the process!
Paul - they will get 1000 new dinar for 1000 present dinar"
Paul, this is blatantly false guru sales pitch that takes all of 5 seconds to debunk if you bother to actually listen to what Iraqi's and not Western conmen are repeatedly telling you:-
- "The new 50 Dinar bill will have a value of $43 (50,000 current note Dinar)... The Iraqi currency change will not have any effect on the international value of the Iraqi dinar and economy" - Central Bank of Iraq
- "This redenomination had previously been applied in countries such as Turkey, who deleted six zeros from their currency" - Dr. Mohammed Saleh, Central Bank of Iraq
- "The exchange rate between the new banknotes and the old ones would be 1:1,000." - Mahma Khalil, Member of the Iraqi Parliament and official spokesperson of the Economic Committee
- "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” Sami Atrushi, Iraqi Finance Committee
- "The step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency" - Nafee Elias, Iraqi North Bank.
- "The deletion of zeros will not affect the Iraqi dinar’s purchasing power" - Ahmed Faizullah, deputy head of the parliamentary Finance Committee
Iraq aren't going to swap 1,000 Dinar for 1,000 Dinar as they would just be exchanging a massively inflated 85tn Dinar for another massively inflated 85tn Dinar which obviously wouldn't reduce the inflated circulation which in turn wouldn't "raise" the inflated value.
Likewise, if the Dinar shot up 1,000x fold in real terms vs the $ or £ without redenominating, Iraq's export economy would be destroyed overnight when it suddenly becomes 1,000x more expensive for non-Iraqi's to import products from Iraq. A 1,300 Dinar loaf of bread would end up with an international price tag of $1,300 (compared to $1.30 redenominated).
Likewise, Iraq has around $80bn of Forex reserves to back 85tn Dinar which is why it has a rate of under 1000:1 in the first place. If they DIDN'T redenominate, they'd still have 85tn Dinar, and at a rate of $1, Iraqi banks would run out of money before they exchanged even 0.1% of everyone's banknotes. At a rate of $3.5, Iraqi banks would run out of money before they exchanged even 0.03% of everyone's banknotes. At your $1 = 10 Dinar / 1 Dinar = 10 cents Iraqi banks would run out of money before they exchanged even 1% of everyone's banknotes...
It's a scam that anyone with high-school level maths who isn't totally blinded by raw greed can debunk. Only the chronically delusional think you can just print 1,000x more money, then declare it to be worth 100-3000x more than it is without actually taking any inflated money out of circulation - but only for Iraq because you've bought into guru sales pitch koolaid...
Paul - "they will get 1000 new dinar for 1000 present dinar"
This is a blatant pumper lie. "Delete 3 zeros" means you'll get 1 Dinar for every 1,000 Dinar but it will have a higher rate (1.166:1 vs 1166:1). For each 25,000 Dinar handed in, you'll get 1x new 25 Dinar note. BOTH will have exactly the same $21.44 spending power. As Iraq have explained about 1,000x times (and as Dinar "investors" have ignored 1,000x times in favor of get rich quick drivel).
John Richardson & Barry self professed know it all's, Trouble is what they are rambling on about as if it was the only scenario is from November 2011 and there has been nothing from the CBI since then that this is the plan they are going with. You can quote all the Committee this Committee that you like fact is the CBI decide and they alone will go with the plan they think best. And until such time no one on the outside will be informed there are lost of rumors and speculation out there. the revaluation holds as truth as 1 for 1 story Some good some bad but don't let these guy's or me put you off or inspire you because none of us know except for John Richardson and Barry arrantly! they must have a source inside the CBI ! SOUND FAMILLIER! FYI I invested in this long before there were any known dinar pumper's out there even on the web. I read an article http://www.freerepublic.com/focus/f-news/1103360/posts and you call this koolaid thinking so I got mine directly from a bank there was virtually no site's selling it at that time and those that were wanted more than the banks. The end game for me is not when the CBI decides which way there going to go with it. It's what happens next apparently these two can't seem to get a grasp of. As Iraq have explained about 1,000x times may be but doubt it you have that on record O yes your talking about the 2011 plan. I guess when you guys hear something it's set in stone and can not be changed. The only difference between you and the dinar pumpers is they change their stories from time to time. pumper or dumper be you have no effect my of seeing the out come.
FYI even if your scenario plays out! I'm still a winner considering at the price I paid buy low sell high that's the play. Kool-Aid ha lol Champaign when that fat lady sings,
To end don't let these two make a decision for you they have no credible source for rhetoric other than old news You and you alone make the choice. There's only two out comes, pat yourself on the back or have some one kick you in the )(
I was going to write basically the same replies to Paul, but when I read he's going to quadruple his money if it comes out at 10 cents I figured how can you help someone with math skills like that.
You mean you were going to do the same and only thing fixate on the same scenario. you don't how much I have and you don't know what I paid for it. I know your trying to have me announce it but that's not going to happen. So lets do math one o one with you,
If the CBI comes out with OMO at 1 IQD = $0.10 and you have 500.000 of them and sell the at $0.10 each you'll have $50.000 now if you'd just bought them today on ebay for going price of $545.00 you would have $49455 shouldn't take a math genius like stew to figure that one out, sorry yes it does! Oh no I've made a mistake it's well more than quadrupled silly me for making such a big mistake.
Now the above junior high example is for stew only it does not take into account his favored scenario of “ The new 50 Dinar bill will have a value of $43 50,000 current note Dinar " Now given stews no other recourse scenario I'm still a winner given what I paid for it. And if it does turn out his way do you think I'll sell! No because whatever the turn out it will be OMO, Something stew can't get his junior high head round. and just so you know this 50 dinar bill has supposedly been printed some time ago. But no one has seen it yet and there's not so much as even a rendering of what it looks like out there.
so stew it's the last time from me communicating with a closed mind what will be will be take or leave it peoples.
Stop embarrassing yourself Paul. Stew, Barry & John are indeed correct. It's a 100% scam. Your "freerepublic" link is just another failed guru attempt to pump the EO13303 thing which has absolutely nothing to do with the Dinar (read the original text yourself). So far your "quality research" is nothing more than chirruping every lame debunked guru sales slogan in the book like it's still 2008 mixed with the same deluded conspiracy addictions that seem to be almost an entrance requirement for clueless Dinar "investors" who amusingly run around calling everyone who isn't sucked in to the scam "clueless"... 😀
The rest of your post is the same over-emotional tantrum throwing as witnessed with other Dinar "investors" who sulk whenever someone "dare" to give them a few truthful facts they can't emotionally handle...
Gary - "So far your "quality research" is nothing more than chirruping every lame debunked guru sales slogan in the book like it's still 2008 mixed with the same deluded conspiracy addictions that seem to be almost an entrance requirement for clueless Dinar "investors" who amusingly run around calling everyone who isn't sucked in to the scam "clueless"
Indeed Gary. The Dinar is weak because it's massively over-printed (went from under 50bn units to 85,000bn) - it's that simple, and all the special pleading and emotional rants by financially illiterate "investors" with a wildly over-inflated sense of entitlement and almost total ignorance of what "inflation" is, isn't going to change that one iota.
What's even funnier is that their "research" on Iraq consists of literally ignoring everything coming out of Iraq and instead hanging round bat-sh*t crazy conspiracy websites (who get every prediction they make about everything as wrong as they can) for years on end, then swagger around pretending they have "secret Intel". Some of these people are so possessed by blind greed & desperation they're no longer capable of functioning in the real world. 😀
Paul - "if you’d just bought them today on ebay for going price of $545.00 you would have $49455"
Except you wouldn't because as mentioned, every bank in Iraq would run out of $ before they "exchanged" even 1% of everyone money...
This whole "RV" thing really has become a form of mental illness.
Not another paid debunker!
Presidential Order 13303 allows US Citizens to invest in the New Iraq, http://treasuryvault.com/us-presidential-order-13303
I'll take it for granted you'll call that a scam! I don't see any fakery in this presidential order in fact Obama resigned it into law.
“freerepublic” link is just another failed guru attempt to pump"
yah Gary the internet was juts littered with them back then!!
the link if you bother to read properly is how I was introduced to the investment.
Posted on 3/22/2004 http://www.freerepublic.com/focus/f-news/1103360/posts
Funny you give them credit calling them guru's
Full Definition of GURU 1 : a personal religious teacher and spiritual guide in Hinduism 2 a : a teacher and especially intellectual guide in all matters of fundamental ...
I call them American entrepreneurs capitalist's the very thing that made America what it is today going as far back as snake oil salesmen.
"order-13303 thing which has absolutely nothing to do with the Dinar"
So explain yourself if you can! How do you invest in a foreign country without being involved in that countries currency! O silly question you can't, all you and guys like you can do is ramble on about dinar scam like a baby dropping it's lollypop on the floor. My only conclusion is you've been heart financially already by selling back already. or your still invested and just frustrated in the amount of time it's taking. Frankly I don't care what your loss or gain is in this thing your no different than lame dinar pumping sellers. Except you and those like are pumping any unproven scenario you can conjure up. Because you have no facts because as I've said many time before you don't know I don't know how it's going to turn out.
But I do hope everyone you manage to dissuaded looks you up after everything said and done.
A tantrum is your entire post because it adds nothing more than a rant about the same thing all debunkers can come up with. and proves your ignorance in not reading my previous post's properly. Show me were I specifically recommend anyone to go buy dinar! It's a choice they can make on there own It's all just personal opinion until the day is done.
something didn't show up in my last post.
"And if it does turn out his way do you think I’ll sell! No because whatever the turn out it will be OMO, it will grow or decrease in value from that point.
"to give them a few truthful facts they can’t emotionally handle"
where did I say my opinion is fact?
du! Gary you have not given any facts or even an opinion all you do is rant the same old lame debunked dinar slogans in the book
Stews point.
"Iraq are planning a 3-zero redenomination. To “delete 3 zeros”
True this has been on the table of plans since 2003 and get's rejected every time it comes to parliament GOI. The last rejection is here Iraq are planning a 3-zero redenomination. To “delete 3 zeros”
True this has been on the table of many plans since 2003 and get's rejected every time it comes to parliament GOI. The last rejection is here http://www.alliraqnews.com/en/index.php?option=com_content&view=category&layout=blog&id=37&Itemid=41&limitstart=377 if the link don't take you there it's in there archives Monday, 04 February 2013 12:18 The last known news I can find on the subject.
gee's Gary offer something substantial.
What part did you miss barry do you have an understanding of the word if or scenario! But yah you do because that's all debunkers can do twist what they read just as dinar pumpers do. Do you even know what OMO is if not I'm sure you've looked it up by now or will tell me you've always known. Iraq isn't OMO yet but you call my scenario a today fact!
I believe stew knew we were talking of to outcomes not to say there's not others.
If the CBI comes out with OMO at 1 IQD = $0.10 and you have 500.000 of them and sell the at $0.10 each you’ll have $50.000 now if you’d just bought them today on ebay for going price of $545.00 you would have $49455 shouldn’t take a math genius like stew to figure that one out, sorry yes it does! Oh no I’ve made a mistake it’s well more than quadrupled silly me for making such a big mistake.
I think you should be more concerned with your own countries over printing than some other that apparently ? your not invested in!
"their “research” on Iraq consists of literally ignoring everything coming out of Iraq" correct me if I'm wrong! http://www.alliraqnews.com I believe that's in Iraq!
And as for everything else you put up! is nothing more than debunker rant. The facts are no one knows how it's going to play out. Go back to my first post and you'll see were I stand on the thing you rant on about so much. Because you seem to have lost the plot I in no way defend the scam lying pumpers but I would for a licensed dinar trader. their not doing anything wrong if they are sue them. But for OMG sake stop repeating the same old boring guru rant.
Sorry put the wrong link in earlier this is the right one. http://www.treasury.gov/resource-center/sanctions/Documents/13303.pdf
Do not buy from this link http://treasuryvault.com/us-presidential-order-13303
Again sorry I clicked on the wrong search link.
Paul falls back on the old “nobody knows what will happen” line.
He seems to be saying that a lop is one option, but a massive RV is another. So in the mind of delusional dinar holders a country like Iraq with a $200 billion economy, they have 2 options. The lop which they just can’t believe will happen, which will give them a money supply of about $80 billion, which is the same as the current money supply, and is line with just about every other country in the world when comparing GDP to money supply. The other option is a massive RV. A 1:1 rv, which many of the delusional believe is too low, would give Iraq a money supply of $80 trillion. More currency than whole world combined at this point. So far out of wack when compared to other countries it true laughable, yet sad that some people believe it could actually happen.
Paul, you are right, we don’t know exactly how it will play out. But we do know for darn sure that Iraq is not going to have a money supply exceeding that of the rest of the would combined.
What you are saying as a possible outcome for the dinar is the same as saying that in tonight’s basketball game the score could be 95 to 91, or in the dinar world it might just be 95,000 to 91,000.
Same as in qualifying for next weeks NASCAR race. The pole sitter might win with a speed of 180, or in the dinar holders world the car will do 180,000 mph.
The Yankee’s next pitching prospect is rumored to have a 105 MPH fastball, dinar holders actually think it might be 105,000 mph.
You just never know.
Paul - "Not another paid debunker!"
Good God man, get a grip of yourself. Do you even begin to realize how utterly mentally ill you're starting to sound with "everyone who disagrees with me is a paid government agent"? This is precisely why as I said, your entirely reality is so badly warped by hanging round batsh*t crazy conspiracy websites you can't even begin to hold a normal conversation in the real world anymore... It's almost a universal delusional requirement of Dinar "investors" to be either A: Chronically illiterate and typing everything in ALL CAPS, or B: Bat-sh*t crazy conspiracy theorist who thinks everyone else on the planet who debunks the obvious scam is a "man in black"...
Treasury Vault and half a dozen other guru-run sites all make false claims about EI13303 precisely because they're pumper sites who's sole existence is to sell more Dinar at rip-off prices on the back of manufactured hype. The fact Treasury Vault is selling $47 worth of Vietnamese Dong for $87 (an 85% profile margin) says it all about where their income comes from and what their business model is! Quoting them as a source is as utterly dumb as quoting a used car salesman because they are one and the same frauds... Likewise, FreeRepublic is just another whack-job "the end is nigh" survivalist site which doesn't even bother to read half the articles they're quoting and simply sticks tabloidy "everything's a conspiracy" headlines on everything.
EO 13303 has NOTHING to do with the Dinar. As your own link showed! It's all about protection of oil assets and the DFI fund from liens. It doesn't even mention the Dinar or currency even once! Here's the original text (below link) - read it and stop making a fool of yourself by yelling every guru sales slogan in the book out of emotional desperation:-
http://georgewbush-whitehouse.archives.gov/news/releases/2003/05/print/20030522-15.html
Even your own treasury.gov link said nothing about the Dinar or currency in any form - this is yet another example of your bogus guru straw-men of claiming something says something it clearly doesn't. And yes, I'll call you that because that's exactly what you are doing - pumping a scam with stupid guru straw-men.
You're obviously totally clueless on this subject, and this has already been explained to you once, yet you obviously lack the intellect to grasp how it works in the real world away from pumper land, so here's an education:-
The Iraqi Dinar is pegged to the US Dollar and pegged currencies are valued by the amount of currency in circulation divided by Central Bank reserves. Iraq has printed a staggering 85 TRILLION Dinar for just 30m Iraqi's and they have just $80bn of $ to back its international value. That's why it has a fair market rate of under 1000:1 in the first place.
Paul - "If the CBI comes out with OMO at 1 IQD = $0.10 and you have 500.000 of them and sell the at $0.10 each you’ll have $50.000 now if you’d just bought them today on ebay for going price of $545.00 you would have $49455 shouldn’t take a math genius like stew to figure that one out"
ROFL!!! If Iraq declared they were giving for absolutely no reason other than the greed fuelled delusions of Westerners, then every bank in Iraq would become totally bankrupt overnight before they could even exchange 1% of everyone's money because $80bn currency reserves obviously does not cover a delusional $8,500bn "RV'd" money supply. You're the one who needs a calculator if you cannot figure out that...
Right now, 85tn Dinar @ 1166:1 rate = a $73bn value money supply (and they have roughly the same $75-80bn reserves). Iraq genuinely has enough headroom to "raise" the Dinar by 10% if they wanted. But if they declared an absurd 10:1 rate (an utterly delusional 11,640% RV), then 85tn Dinar would = an $8.5tn money supply which is not only 42.5x larger than the size of their economy (the equivalent of the USA having an absurd $680tn money supply), but they'd still have only $80bn in Dollars to back it with, and they'd run out of Dollars before they even exchanged 1% of all Dinar banknotes in circulation.
An "RV" is nothing more than a peg adjustment. When Iraq raises its rate, it costs Iraq MORE to buy back circulated Dinar. At 1166:1 if would cost Iraq $73bn to back the Dinar. At your stupid $0.10, it would cost Iraq $8,500bn to "back" the Dinar - a mathematical impossibility given they only have $80bn max reserves in $ & gold. Oil does not back the Dinar either. Oil isn't even SOLD in Dinar If you truly lack the intelligence to understand even these very basic facts (whilst laughably bemoaning other people's "maths skills" and "research"), you are quite frankly a lot cause...
The rest of your post is just increasingly deranged emotional shrieking about Hindu's, and imaginary "government agents" which exist solely inside your own head, etc...
Stew & Barry, agreed & well said. "Another paid dumper" just about sums up both the peak level of "intellect" from these people. 😀
How to spot a "guru":-
1. They claim everyone who debunks them is a "paid government agent"
2. They "conclude" that anyone who points out the scam "must secretly own Dinar"
3. They read only American conspiracy websites and call it "serious research"
4. None of them understand how pegged currencies actually work, what inflation is, or why countries cannot just "print themselves richer"
5. They rely on appeal to ignorance slogans for their followers, ie, "No-one can possibly know what will happen" (simply because THEY are the most ignorant of all about it) 😉
With a 5/5 score, it's pretty obvious what Paul's agenda is...
Good post Gary though you missed out:-
6. "You must be jealous of me..."
7. "People who tell the truth are just as bad as people who tell lies..."
8. "Printing more money is bad except when Iraq does it..."
etc.
Some of these denial-based "Go RV" comments are like listening in at the local mental health clinic. LOL. It's like Dinar "investors" possess an almost pathological obsession with trying to "invert" everything with failed reverse psychology projection to be the exact opposite of what it is as some kind of "escape" from reality until their imaginary "blessings" appear, so they won't have to deal with the facts... 🙂
barry I've posted before what I call you and it certainly was not a government agent unless you include and janitor at some government building. To be clear I call you and your like paid dinar debunkers for dinar sellers.
barry "Treasury Vault and half a dozen other guru-run sites all make false claims about EI13303"
obveousely you don't read even two comment's back.
http://www.treasury.gov/resource center/sanctions/Documents/13303.pdf
The exact same thing as http://georgewbush-whitehouse.archives.gov/news/releases/2003/05/print/20030522-15.html Both links same thing.
Barry "Even your own treasury.gov link said nothing about the Dinar or currency in any form"
True but instead of trying to respond to it in my comment to you. you go of on a rant because you don't know so here it is again because you can't be bothered to go back yourself!
“order-13303 thing which has absolutely nothing to do with the Dinar”
Paul, So explain yourself if you can! How do you invest in a foreign country without being involved in that countries currency! O silly question you can’t, all you and guys like you can do is ramble on about dinar scam like a baby dropping it’s lollypop on the floor.
barry "The Iraqi Dinar is pegged to the US Dollar and pegged"
some ones in a delusional world for a currency to be pegged to the dollar it has to be compliant with USA and as far as I know Iraqs currency is not compliant with the UST IMF WTO here's were you've got it so wrong if it was pegged to the dollar I'd be able to go into any bank in the USA or the world and trade it in. because being pegged to the dollar means your countries currency is OMO Which Iraq is not.
“If the CBI comes out with OMO at 1 IQD = $0.10 and you have 500.000 of them and sell the at $0.10 each you’ll have $50.000 now if you’d just bought them today on ebay for going price of $545.00 you would have $49455 shouldn’t take a math genius like stew to figure that one out”
Again a scenario fool you really do need to read back on what's said! As to your response LOL! Iraq's only wealth is the cash they can put their hands on. OMG what a dum ass copied rhetoric from those before you is all you got QUITE SAD REALLY the rest of your rant is just more of the same dinar debunking profit making for you from those that follow you.
Gary I'm getting into the copy and pasting game like you all.
How to spot a “guru”:-
1. They claim everyone who debunks them is a “paid government agent”
To be clear I call you and your like paid dinar debunkers for dinar sellers. unless you include and janitor at some government building.
2. They “conclude” that anyone who points out the scam “must secretly own Dinar”
Know why of knowing for sure but it's a good way for you to make money for you till OMO.
3. They read only American conspiracy websites and call it “serious research”
O dear me I must be on one of those now then same thing different angle.
4. None of them understand how pegged currencies actually work, what inflation is, or why countries cannot just “print themselves richer”
Are you talking about America understand yes I know it's hard for you to do when your narrow minded and tunnel visioned as you are.
5. They rely on appeal to ignorance slogans for their followers, ie, “No-one can possibly know what will happen” (simply because THEY are the most ignorant of all about it
That implies your version is the only one and people should listen to you because it can only be what you say. Their once was a man in Germany that ran a country like that! NO ALTERANTE VIEWS ALOUD
With a 5/5 score, it’s pretty obvious what Paul’s agenda is…
Paul's only agenda is to see it out, Yours is to provide dinar selling website's with your debunker posts and bolg's and get paid
or as government agent's as you proclaimed your self's no one else called you that. I think you've seen the movie to many time and can only dream of the title.
It's pointless commenting with a 3/1 Score when the three have noting more to say than the same thing. But I'm not going anywhere I'll be looking to see if anything interesting comes up.
John good quote I see you got your old high school phycology 101 book back of the shelf.
possess an almost pathological obsession with trying to “invert” everything with failed reverse psychology projection to be the exact opposite of what it is as some kind of “escape” from reality until their imaginary “blessings” appear,
That's true but in your simple mind you invoke it to mean anyone that disagrees with you.
“You must be jealous of me…” Oh dear where going back to the playground now!
“People who tell the truth are just as bad as people who tell lies…” And the truth be only known to me so sayth the lord you just proclaimed yourself as the all knowing before an event has even taken place.
“Printing more money is bad except when Iraq does it…”
According to your plan you want them to print the 50 note how they going to that if as you say printing is bad! Only a fool would assume a statement like that means they just print and don't destroy old worn out and counterfeit notes. and Iraq has been more aggressive than just lately goggle it you'll be suspired what find. don't take anyone word for it here these guys are here for one reason only and I said enough times what that is.
Paul : "goggles", "NO ALTERANTE VIEWS ALOUD", "unless you include and janitor", "and bolg’s and get paid", "so sayth the lord you", "suspired what find"
Did anyone else understand a word of that drunken stupor?... 😀
John, the guy's an obvious troll. (And barely literate at that - a running theme it seems). For the benefit of anyone else who wants the fact about Iraq's new planned redenominated banknotes, here's an article from two Iraqi newspapers:-
"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 to study all the aspects of the process. 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. Designs are as follows:-
New Iraqi Redenominated Banknotes:-
- 200 Dinar will have the design of an unnamed bridge & school. ONE new redenominated 200 Dinar "Bridge & School" design note will replace EIGHT current red "Kurdish farmer & tractor (front) / King Hammurabi (back)" design 25,000k notes of same value.
- 100 Dinar 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 of same value.
- 50 Dinar 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 of same value.
- 25 Dinar 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 of same value.
- 10 Dinar will have the Arab-Muslim image of the Dinar on the front, and a picture of the Hadba 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 of same value.
- 5 Dinar 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 of same value.
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 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 of same value.
- 500 fils coin 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 of same value.
- 250 fils coin 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 of same value.
- 100 fils coin 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 of same value.
- 50 fils coin 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 of same value.
- 25 fils coin will contain an image of the Babylonian Ishtar Gate. TWO new redenominated 25 fils "Ishtar Gate" design COINS will replace ONE current purple "Basra grain silo (front) / Date palm (rear)" design 50 Dinar note of same value.
That comes from the Central Bank of Iraq & Iraqi Finance Committee as openly published in two Iraqi Arabic national print newspapers (Alsabaah & Almada).
"Checkmate" to the 'RV' scammers like Paul & his brainwashed ilk...
load the board again no checkmate. Close but not the end game your looking for.
According to Iraq's 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.
EXACTLY introduction of the new currency DID NOT HAPPEN neither did printing the quantities' need. Is that all you got old news you do know it's now march 2014 not 2013.
And exactly were in that article does it state these notes will replace the larger ones! you'd think they'd add that if they thoughtit was relevant.
http://burathanews.com/news/219350.html I suppose you call Iraqi news websites scammers and pumpers too.
https://www.iraq-businessnews.com/2013/11/26/new-50000-iqd-notes-and-coins/ and according to you the very site you comment on are providing scam and pumper info too.
You see your finding prove nothing more than they simply have options and major disagreements and I don't think they even no what option to positively move forward with. It will be what it will be I know that urks you because it's an unknown and you only look at deleting the zeros as a possibility.
The specimens were of the 25, 50, 100, and 200 dinars.
Full Definition of SPECIMEN 1 a : an individual, item, or part considered typical of a group, class, or whole b : a portion or quantity of material for use in testing ...
samples of an option to be considered same as the 50000 note I don't get the point of that one other than to reduce the amount of 25000 being used or scrapping it altogether. But I digress what would be credible news is if Iraq came out and state the new bills are being printed and will be distributed to banks --/--/-- now that would be something to go on.
http://www.cbi.iq/index.php?pid=Banknotes present day notes and coins/25 Dinar coin 100 Dinar coins (not in circulation)looks like their planning to adopt these two sounds like a good thing to me.
"The finance committee received specimens of the new Iraq banknotes from the Central Bank of Iraq" That's the CBI asking what they think the GOI finance committee have no say in what the CBI decided to do. do a little history check It's always been that way and always will unless a new saddam comes to power. but you guys would like that opinion only scenario.
John Richardson says:
Paul : “goggles”, “NO ALTERANTE VIEWS ALOUD”, “unless you include and janitor”, “and bolg’s and get paid”, “so sayth the lord you”, “suspired what find”
Thought I'd try out the fourth grade dyslectic level just for you and true to form proves the narrow minded will go after anything to make them self's feel superior. Your the kind that would make a kid feel bad with that particular problem.
OMG. Are people STILL falling for this scam after all these years?!? 🙂
Never underestimate the ignorance of the general population.
Example: Anyone who would promote Pres. Order 13303 as a reason to invest in dinar, or as proof the big RV is not a scam.
13303 is a very simple 2 page document that even the most attention deficit disorder sufferers should have no problem reading and understanding. It simply protects the Development Fund Iraq and Iraqi oil products and interest from legal attachment. It has absolutely nothing to do with buying and holding dinar.
Taking us back to the Forbes article about dinar holders: “You can’t fix stupid”
stew.
Never underestimate the ignorance of the general population.
Paul.
I call that a guru proclamation.
Stew puts himself above the general population in saying that
Because all you have to do is follow the all knowing stews of the world and all will be explained to you. LOL
stew.
Example: Anyone who would promote Pres. Order 13303 as a reason to invest in dinar, or as proof the big RV is not a scam.
Paul.
I don't promote it I simply said it's what got me interested show me where I said it's proof Iraq will only go with big RV revaluation. My thoughts on that issue are posted if that's how it's going I'm low ball read it again. without your only one option ruling your thoughts.
stew.
13303 is a very simple 2 page document that even the most attention deficit disorder sufferers should have no problem reading and understanding. It simply protects the Development Fund Iraq and Iraqi oil products and interest from legal attachment. It has absolutely nothing to do with buying and holding dinar.
Taking us back to the Forbes article about dinar holders: “You can’t fix stupid”
Paul.
"attention deficit disorder sufferers"
1.hyperactivity in children: a condition, occurring mainly in children, characterized by hyperactivity, inability to concentrate, and impulsive or inappropriate behavior
inability to concentrate This is what stew is attempting to call me but he and his cohorts are the only ones here with their only one option scenario. inability to concentrate on anything else,
stew.
It simply protects the Development Fund Iraq and Iraqi oil products and interest from legal attachment.
Paul.
Fund, interest, legal, oil, products, all terms used in transacting currency Order 13303 is a document that pathed the way I never called it anything else.
stew.
It has absolutely nothing to do with buying and holding dinar.
Paul.
Right and wrong, It does not say buy the dinar and hold it but in stews world it must say it in black and white before he would act on it. You see stew and his cohorts along with his forbs god can not answer a simple question I put to them before.
How do you invest in a foreign country without being involved in that countries currency! Oh silly me you can't.
stew.
“You can’t fix stupid”
Paul.
As his basis of information on the issue must be he keeps going back to this article.
written buy John F. Wasik I'm sure he did well selling his books from that article. I know forbes did form the underlined word adds. Go capitalism I'm all for that,
I would bet Wasik was so disappointed when Allison Bruns spokesman for the bank Wells Fargo did not rule the investment out. but expressed caution and rightly so well stated Allison. because that's what you do when investing.
Not like stew&co who only have one vision of how it could possibly turn out.
Paul - "Because all you have to do is follow the all knowing stews of the world and all will be explained to you."
It has already been explained to you by multiple people not least of which is the full list of new planned redenominated notes & coins as recently printed in the Iraqi media and broadcast on Alsumaria TV (to which you were strangely silent). Either you're too thick to understand what the CBI, Iraqi Parliament & Iraqi Finance Committee mean when they say "the exchange rate will be 1:1000" or "the purchasing power of the new currency should be equal to that of the old currency", or more commonly witnessed amongst "RV investors", you're too much of a "know-it-all" yourself / blinded by greed and are simply too arrogant to even want to listen, hence the sarcastic tone and endless "appeal to ignorance" denial-based fallacies you churned out as if it's still 2007, ignoring the plethora of material the CBI have published plus what's been broadcast in Iraqi media about the planned redenomination on an almost monthly basis...
Paul - "You see stew and his cohorts along with his forbs god can not answer a simple question I put to them before : How do you invest in a foreign country without being involved in that countries currency! Oh silly me you can’t."
No-one's answered it because it's one giant delusional straw man. Buying a few banknotes and stuffing them in a sock drawer where they go nowhere near Iraq's economy or any Iraqi business and where they generate ZERO growth and get eaten away by inflation isn't "investing" in the country at all. It's just an exercise in self-delusion to call it that. Genuine investing in the ISX is done via a wire transfer & broker (after you've done all the necessary paperwork, ie, photocopies of notarized passport, etc, as required by Iraqi law).
Only the deluded talk about "investing in Iraq with banknotes" (what are you going to do - mail them all to a stranger Iraq in envelopes? LOL) It's precisely comments like that which are an absolute dead giveaway of an amateur who hasn't really invested in Iraq at all, and instead has done nothing but buy a few hundred pounds worth of inflated Dinar banknotes (which can be printed to infinity, and which the CBI are already expanding at 10% per year 75tn 2012 -> 85tn 2013) on the back of manufactured guru-hype whilst pretending to masquerade as some "big-shot" investor with "secret intel". LOL.
It's the same juvenile act we've all seen & heard here many times before from RVaholics coming over from brain-dead guru sites with nothing but faith, denial, wilful ignorance, and no real "investment" in anything at all...
gary.
"It has already been explained to you by ( we the all knowing ) multiple people not least of which is the full list of new planned redenominated notes & coins as recently printed in the Iraqi media and broadcast on Alsumaria TV (to which you were strangely silent)"
( This is how strangely silent I was )
Paul.
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. EXACTLY introduction of the new currency DID NOT HAPPEN neither did printing the quantities’ need. Is that all you got old news you do know it’s now march 2014 not 2013.
And exactly were in that article does it state these notes will replace the larger ones! you’d think they’d add that if they thought it was relevant.
The finance committee received specimens of the new Iraq banknotes from the Central Bank of Iraq” That’s the CBI asking what they think the GOI finance committee have no say in what the CBI decided to do. do a little history check It’s always been that way and always will unless a new saddam comes to power. but you guys would like that opinion only scenario.
Does anyone read my mentioning 2007 here!
gary.
hence the sarcastic tone and endless appeal to ignorance.
too thick to understand.
you’re too much of a “know-it-all” yourself
delusional straw man
RVaholics
brain-dead
Paul
There's more but way bother he's pretty good with the sarcastic tones himself.
gary.
the CBI, Iraqi Parliament & Iraqi Finance Committee mean when they say “the exchange rate will be 1:1000″
Paul.
the GOI finance committee have no say in what the CBI decided to do. do a little history check It’s always been that way and always will unless a new saddam comes to power. but you guys would like that opinion only scenario.
The answer to that comment "mean when they say" at the time of saying it perhaps they do. but the history from the start 2003 shows they change there mind at the drop of a hat.
gary.
No-one’s answered it because it’s one giant delusional straw man.
ignoring the plethora of material the CBI have published plus what’s been broadcast in Iraqi media about the planned redenomination on an almost monthly basis…
Paul.
Please show me! just the last four month will do all the monthly plethora of material CBI have published or what’s been broadcast in Iraqi media about planned redenomination delete the zeros.
Because I don't see it here alliraqnews.com and the last time the CBI if official would be here http://www.cbi.iq/index.php?pid=NewsAnnoucements
gary.
Genuine investing in the ISX is done via a wire transfer & broker (after you’ve done all the necessary paperwork, ie, photocopies of notarized passport, etc, as required by Iraqi law).
Paul.
Really now that's stimulating information Durr! mindless rant when you haven't a glue what my intentions are. I suppose you'll say bonds ( when available ) are not investing as well! It's what I'd expect to hear from the one option only mentality.
Now here's a shocker stews not going to like one bit.
Stew says:
March 4, 2014 at 12:18 am
"Paul falls back on the old “nobody knows what will happen” line"
your demi god John Wasik assisted by Jay Adkisson who copy catted riding the shirt tails of john latter on.
John Wasik http://www.forbes.com/sites/johnwasik/2013/09/06/inside-the-dubious-dinar-revaluation-ruse/#comment_reply
Quote I never said that the dinar wouldn’t revalue. It may well do that, "but no one quite knows when or how it will happen"
Paul.
Even he says revalue not redenominate.
I read his whole article not once does he speak of deleting zeros option. even tough it's was supposedly in planning before his article. I thought forbes like any other news outlet provided their high flying reporters with fact checkers and proof readers and researchers. So how come they missed all that new printed money you keep going on about or even the samples.
Interesting all his comments about the dinar came out just prior to the Publishing of his new book Keynes's Way to Wealth Keynes's Way to Wealth published October 17th 2013 by McGraw-Hill time and tested way to sell find a controversial topic play devils advocate through in what your selling make more sales. No different than what legally permitted dinar sellers do. and yes ebay are making a bundle from dinar selling commissions.
So to gray and all live on with your dreams of deleted zeros with supposedly redenomination notes which no one but the CBI and some finance committee have seen! In fact you have no proof that they are some legally printed tender notes. If they exist they may even be computer rendering's but then no ones seen those ether.
It has already been explained to you by multiple people not least of which is the full list of new planned redenominated notes & coins as recently printed.
Paul
Not by anyone with any credibility especially you LOL
coming up with a list from a plan that was being considered and gets expunged every time it comes up parliament since it's conception. "new planned redenominated notes" there's noting new about it https://www.iraq-businessnews.com/2010/10/21/the-future-for-the-iraqi-dinar/
Yah they came up with a plan as shown by barry but plans are nothing unless you act upon them. and so far it's been supposedly samples and a valuation explanation. I guess to you that means it's concrete and will only be that!
Paul
all I can say is what I've said, in the words of john wasik and as I've said myself many time before.
"no one when or how it will happen" or "it will be what it will be"
Ranting on about your one and only scenario will not make it come true.
This is getting so boring.
I guess ranting on about it does have affect more over a coincidence, an article yesterday shows how on top of it you all are! They are reopening discussions after election they say July but elections are in April. hope they move on it a little faster still doesn't say anything about newly printed notes. But it does blow all your calculation theory's out the window.
Finally some new official news and states what I have been saying old notes and new notes when printed will not devalue each over for years by the looks of things. 1000 dinar will be 1000 dinar as I always said.
"deletion of zeros of the Iraqi currency, saying that the deletion of zeros will increase the value of the Iraqi dinar"
ooow I know that hurt!
But don't despair to much it will probably get rejected as it always does in parliament and after that you'll more than likely carry on with your crack pot calculations.
As this is just a motion to bring it back to the table.
http://alestiqama.com/?p=73277
Baghdad/Al-integrity The Central Bank began to examine the decision to amend the categories of Iraqi dinar since 2010 sought today to delete the three zeros of the Iraqi currency which raises many concerns on the street level and the business community.
The project has been postponed after the Central Bank introduced its amendments over time because of fears based on the majority of the counterfeit currency circulating in the market and the security situation and the open market to unfettered foreign goods.
It seems that economists are divided between supporters of the project saw an opportunity to reduce counterfeit currency and high inflation and unemployment and forewarned of economic shocks might prevail in the Iraqi market by implementing this project.
Where was the deletion of zeros, until called on Parliament's Economic Committee in July last year of the Central Bank, to speed up the process of deletion of zeros of the Iraqi currency, saying that the deletion of zeros will increase the value of the Iraqi dinar will be reflected positively on the issue of reducing unemployment and poverty in the country.
The process is designed by the Central Bank of Iraq-to reduce the enormous cash lean mass, alleviate inflation as the Bank (monetary inflation) due to increasing amounts of cash pumped into the street, which is called to delete the three zeros from the currency.
Reliable sources said that the deletion of zeros will be this year, noting that the action will be gradual until full absorption old banknotes from the market, saying the current and new currencies will work simultaneously without reducing their value until full absorption current currency or the (old).
A member of the Finance Committee in Parliament, Abdul Hussein Al-yasiri "2014 will delete the zeros of the Iraqi currency, in coordination with the Central Bank of Iraq".
عبد الحسين الياسري
Al-yasseri said that this project will reduce the size of the national currency in circulation of four billion Iraqi dinars to 1 billion.
Said Deputy Chairman of the Finance Committee in the Iraqi Parliament Ahmed Hassan Faizullah to delete the zeros will not alter the purchasing power of the Iraqi dinar because it is linked to industrial production and import volume, what saved the Iraqi dinar currency replaced in 2007 when it acquired the Central Bank cash reserve of hard currency might formed engaging cover to the dinar.
( just in case you missed that)
to delete the zeros will not alter the purchasing power of the Iraqi dinar because it is linked to industrial production and import volume.
How clearer do you need it. think of all the time you wasted with your out in left filed calculations.
For his part, Member of the parliamentary Economic Committee mahma Khalil "current currency large bloated subhuman and that citizens ' strong desire to keep the Iraqi dinar to the dollar and other currencies compete."
He said: "it is possible to delete zeros from the current currency, but it has been postponed until after the parliamentary elections, adding that studies are now to establish safeguards to reduce fraud or not trading again in the current currency.
He is a member of the parliamentary Economic Committee, Abdul Hussein abtan said that "increasing the dinar against the dollar is very vital to the citizen, which is not enough to have deposits of billions at the Central Bank against poverty, unemployment and the weak purchasing power of the citizen."
عبد الحسين عبطان
Economist and head of economic studies at Mustansiriya University Dr. Abdul Rahman Al-Mashhadani: "delete zeros formality through which alter the nominal value of the coin without compromising the true value and there are real economic effects of the currency will lead to an increase in the GDP of the country, adding that the process is applied without any damage in many countries of the world over the last 30 years including Bolivia, 1986, Russia 1998, Turkey 2005, North Korea 2009″.
Al-Mashhadani called for the need to distinguish between the real currency, which means changing the exchange rate for the local currency compared to the leading currencies as the dollar match and he is led to reassess the prices of goods and services because the true value of currency, such as what happened in Iraq in 2007 when the value of the Iraqi dinar against the US dollar to 1267 was sold for the price of 1475 dinars in 2006 , And like what China has done when lowered the value of its currency compared to other currencies I will to compete with Chinese goods other goods in world markets being cheaper.
And expert Joomla pros where the deletion of zeros from the currency, saying it would change the currency strengthen confidence in a symbol of national sovereignty of the country, and can increase the confidence in the national currency among citizens and foreign investors abroad, as well as reducing process (dollarization) using this currency as a store of value and measurement, as well as facilitate trade within the country and facilitate the process of convert KWD to other currencies.
Either on the justification for the replacement process is summarized as follows:
-Try to gangs and mafias of counterfeiting Iraqi currency and injected into the domestic market to destroy the national economy and the recently.
-A great source of cash block with its 4 trillion paper worth 30 trillion dinars in various categories and are large block size value in the economy is recovering day by day.
-Currently the largest denominations is 25,000 dinars, equivalent to about $ 21, this involves size and great effort to settle daily transactions in time for counting, acceptance and security, therefore we settle most daily transactions exceeding one of the 20 million are in dollars.
-Is damaged by a large proportion of the small groups and private currency inadmissible and constitute almost one third of the money supply and not replace them out by the Central Bank.
-The difficulty of performing calculations with numbers increase her zeroes 14 zero in practice and the probability of error occurred either by adding zero or delete.
From here the process raise zeros is attraction among economists between cons and pros, but there is near-unanimous agreement that money-laundering and counterfeiting, administrative and financial corruption and economic instability would be very negative factors influencing process replace currency.
The Central Bank acknowledged the existence of counterfeit banknotes in commercial markets, and uncles all banks take, revealing attempts to counterfeit currency, inviting all the relevant actors to fight it if you would be a threat to the Iraqi economy and violation.
That says there will not be any reduction to the nominal value of any banknote thus a 1000 dinar note will be 1000 dinars of new value after the change in the exchange.
All I can say is WOW! This is exactly what Dr. Bakri said in his report...This article is correct that changing the currency in itself does not raise the value or devalue, but as the IMF stated "Balassa-Samuelson effect" meaning as the economy grows so does the exchange rate...in other words its a float! and it will rise value based on supply and demand. And we know your new smaller bills could or would not be in circulation until the exchange rate rises. Quote: "the process of deletion of zeros will be provided by the new currency," In other words, the transition from larger notes to smaller notes "deletes the zeros" and its not a strait LOP as your theory goes 25000 dinar becomes 25 dinar
I know your going to give it your best to spin all this but it's coming from them not me. I do hope it's may last post ever here but in reality I know it's not you guys are going to be spouting you were right all along even when past comments shows you were not.
Just shaking my head. Dinar holders cheering a lop article.
Forbes said it perfect and they display it daily. "You can't fix stupid".
Did you miss this line?
"process is applied without any damage in many countries of the world over the last 30 years including Bolivia, 1986, Russia 1998, Turkey 2005, North Korea 2009″.
Maybe you should take a few minutes and look at what those "MANY COUNTRIES OF THE WORLD" did. Tell us which one of those countries did anything like you are claiming.
Think about this.
If/when Iraq announces the redenomination/lop. Delete three zeros and a new rate of 86 cents. There are literally going to be thousands of people who will jump for joy and think they have struck it big. They will call friends and say “I told you so”. Some might go so far as to quit their jobs. Some will show up at banks expecting to walk out a millionaire. Some guru pumpers might admit the truth. Some will just disappear on that day. I bet there will be a few who will continue the lie. They will claim it’s a big RV and that they are getting, or have already cashed out and received their millions. It will take days and weeks for some people to finally realize they were scammed. Some will never accept it and will continue to believe they will get rich. They’ll hang out on web sites and talk about class action law suits. They’ll probably send more money to some of the gurus to insure they are part of the lawsuit.
Sad… very sad.
stew is absolutely right some people will do all of the above without a doubt fools do rush in. But you got to step back a bit this news is pretty mush the same as the last time there was a push in parliament for it. And it didn't happen then either so take heed of stews words their he's being condescending but read it as if it were advice. and don't do what he's saying you will do remember he's quote.
stew
"Never underestimate the ignorance of the general population"
Paul
"I call that a guru proclamation.
Stew puts himself above the general population in saying that
Because all you have to do is follow the all knowing stews of the world and all will be explained to you. LOL"
MANY COUNTRIES OF THE WORLD
Yes they have and announced it before hand just as Iraq is doing can that change? yes it can in parliament do we have a clue what the changes will be? No but apparently stew dose they are going to copy Bolivia, 1986, Russia 1998, Turkey 2005, North Korea 2009
simply states they are doing what many other countries have done and will do. But as the rest of the document says we are doing it our way as far as I can see stew is saying they have no right to do that and must do as others have. Has Irqa ever done what they are expected to do? Heck may be one day even America will have to do it but I grantee you this they will never take $25000 form you and give you $25 for it! If they did that $25 would have to enable you to buy a new car.
Forbes didn't say it perfect some hack journalist copied it form comedian and used it to sell his books.
86 cent's ! are you mad if that's what it comes out at there's no exchanging for me at that miliki is pushing for the same rate as Kuwait is he dreaming probably. as I have continually said “no one when or how it will happen” or “it will be what it will be”
and there's still a lot to be done and when it is I'll come back here and announce my out come. NDA "MAY BACK END" don't go off on one stew that's not directed at you.