I spent a little over two years invested in the Iraqi dinar. When I first got into the dinar I knew nothing about how currency works. I knew nothing about finance or investing outside my 401k. The financial terms seem boring and confusing. I felt a sense of urgency to buy because soon I would miss my opportunity and I would miss out completely. I am willing to bet that I fit the profile of most first time dinar buyers.
Over the course of the two years that I was invested, I did intense study and research on the dinar and currency in general. In addition to following this investment for two years I did intense economic studies. Once you learn how currency works and once you understand the basics then you can determine for yourself when the RV will take place. You won’t need to rely on gurus any more for advice. You will understand exactly what is going on and when to cash in.
The main problem here are the things being said to cause people to buy dinar on impulse without doing research. These outright lies are told and repeated without verification. They have been the same lies repeated to first time buyers for many years now. Some of these things I already debunked in older posts but let’s revisit a few statements or myths for the purpose of where this article is going.
1. The dinar will be used to sell oil.
2. The dinar will be used to rebuild Iraq
Actually these two statements go together and one follows the other. The truth is Saddam switched from selling Iraqi oil in dollars to euros. Then right after that America made invasion plans. Once America was in Iraq a new constitution was written that included a separate central bank. They immediately switched back to selling oil using the dollar. In previous articles I wrote about the petro-dollar. These articles go into details about the petro-dollar and why Iraq will not sell oil in dinar.
The dinar is not and will not be a means to sell oil in Iraq. Anyone who says otherwise is lying to you!
Oil is sold in dollars. Dollars are used to rebuild Iraq. Iraq is also seeking private investors as well. Iraq’s reconstruction efforts is ongoing and it is in dollars not dinar. It is an international effort.
Funds held by the United Nations Development Group are disbursed through United Nations agencies such as the World Health Organization, UNICEF and the UN Development Program. These UN agencies directly contract with equipment suppliers and construction companies. Disbursement of funds by the UN began in June 2004. Funds held by the World Bank are disbursed directly to Iraqi government agencies including the Municipality of Baghdad and national ministries. Granting of funds to Iraqi agencies began in December 2004
Funds from the US-operated IRRF are largely disbursed through contracts to private firms. Several US companies have been particularly prominent in receiving Iraq reconstruction funds. Bechtel of San Francisco, USA has been awarded over $2.4 billion for infrastructure rehabilitation through USAID contracts.
I can tell you that is not 2.4 billion in dinar. These are international companies that won’t accept a local currency for their services. Rebuilding is an international effort requiring an international currency.
Dinar sales have become a big industry. Lies are told to increase and hype the sales. Another lie is that the rate is imposed by the IMF.
Since Iraq has few exports other than oil which is sold in dollars there is little demand for Dinars and they remain in “exotic” status. However the new currency has sparked a multi-million dollar industry in selling dinars to speculators. These so called “money service” companies will sell Dinar to speculators at an inflated price and push the idea that the dinars will “RV” or be revalued to greatly increase the exchange rate against the dollar. The Dinar is currently pegged to the dollar at a rate of 1166/1164 (sell/buy) dinars per dollar as can be seen on the Central Bank Of Iraq’s home page. The exchange rate reportedly available on the streets of Iraq is around 1200 dinars per US dollar.
There is considerable confusion (perhaps intentional on the part of Dinar sellers) around the role of the International Monetary Fund in Iraq. The IMF as part of the rebuilding of Iraq is monitoring their finances and for this purpose uses a single rate (not a sell/buy) of 1170 dinars per dollar. This “program rate” is used for calculations in the IMF monitoring program and is not a rate imposed on Iraq by the IMF.
Another lie told to sell dinar is that Kuwait revalued its currency. This never happened! If you want details with proof read this article I wrote a while back
According to the CBI, Iraq’s banking law became compliant with international standards.
The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards, and seeks to promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.
Another common lie about the Iraqi dinar is that the currency is backed by oil. We are about to see this is not the case. So what is the dinar backed by?
Fiat money is money that derives its value from government law or regulation. Typically it is declared legal tender and has no real intrinsic value. From 1944 to 1971, the Bretton Woods agreement fixed the value of 35 US. Dollars to one troy ounce of gold. Other currencies were also pegged to the U.S. dollar at fixed rates. The U.S. promised to redeem dollars in gold to other central banks. So the dollar was backed by gold. Trade imbalances were corrected by gold reserve exchanges or by loans from the International Monetary Fund. This Bretton Woods system collapsed in August 1971 when the United States government ended the convertibility of the US dollar for gold.
Today the dinar rate is pegged to the dollar. A pegged, or fixed system, is one in which the exchange rate is set and artificially maintained by the government. The rate will be pegged to the US dollar. Iraq has to work to keep their pegged rate stable. This is because if people realize that their currency isn’t worth as much as the pegged rate indicates. They could very well rush to exchange their money for other, more stable currencies.
As a result The CBI must hold large reserves of foreign currency (in this case the US dollar) to mitigate changes in supply and demand. Iraq holds the dollar as a reserve against the dinar. This is why the currency supply grows in Iraq in proportion to how much US dollars they have in reserve. As their reserves grow the amount of dinar they have in circulation also grows. That is how pegged currencies work!
Currently as of this writing there is 31 trillion dinar outside of banks in circulation. So here is the question. How much reserve would they need to revalue their currency? If the dinar were to revalue to just one US dollar how much US reserve would they need to keep their pegged rate? By international banking law they established they would need to keep their reserve even in the event of a Revalue.
So they cannot just say the dinar is worth x amount. They need the reserve to back whatever value they place on it. Now if that is indeed the case, (and it is) then they would need to drastically reduce the money supply in order to raise the value even to 1 cent. The amount of dinar in circulation is in direct relation to the value of that dinar. The value and amount of dinar they have in circulation is in direct relation to the amount of foreign reserve they have on hand.
To find the amount of dinar outside banks go to the CBI website. Found Here Click on financial indicators and download the excel document and open it. Scroll down to line 79. It says money outside of banks. That number is in billions so that means that the numbers found in millions, thousands and hundreds are omitted and everything is rounded to the nearest billion.
So since 2003 the amount of dinar has been growing at a steady rate. As people over here buy dinar that money eventually winds up in Iraq. I have read estimates of 4 trillion dinar outside of Iraq and in the US. If that is true that means Iraq has made 4 billion US dollars off the export of their currency! People get mad because of congress giving Iraq 89 billion to help rebuild Iraq. I often wonder if these same people know that American citizens have also freely given Iraq billions as well. They did this when they purchased the dinar!
I have read on various forums that people believe the dinar will be a reserve currency. Reserve currencies were first set up under Bretton Woods. This is where a country would hold a certain amount of another nation’s currency as a reserve to give that nations currency value and worth.
So does the dinar qualify, or will it qualify after the mythical revalue happens? How likely do you think it is that they will replace the US dollar (an over printed fiat currency) with the dinar (another over printed fiat currency) as a reserve in the event of a complete global collapse?
I have another blog that I maintain called Biblical Views and World Economics. It really has little to do with biblical views and more of a focus on world economics. I have about 4 years of research on global economics that is displayed through this blog. Lately I have been writing for that blog. I just finished an article called, The Monetary History of America. This topic is so important to our understanding of money that I decided to make this a page on the site instead of an article or post.
It is amazing to me how the bankers, central banks, and the money changers have been screwing things up for the last 300 years. There is a lot of doom and gloom with the economy and our current financial system. A lot of prophets are predicting the end of the dollar and the reign of some other standard overnight, but is this a practical point of view? Will the dinar be the savior of the monetary world like all the forums and gurus predict? Highly unlikely! In fact this is not at all possible.
Will the dollar crash overnight? Even if this was the case it is highly unlikely that the new standard will be another over printed fiat currency from a country with no infrastructure and whose entire GDP depends only on oil given the track record of such currencies.
So people are returning to real money. (Gold and Silver) Prices for these metals have soared as people stock-pile them and as nations add them to their reserves. The main reason people are stocking up on gold and silver is because they can see what is happening with the dollar. In my new blog page we cover the history of money in America. When you study this out some interesting things come to light. I will talk about just a few highlights here. If you want to read the whole thing just click on the link below
“James A. Garfield became president in 1881.Throughout Garfield’s extended Congressional service after the Civil War he fervently opposed the Greenback, and gained a reputation as a skilled orator. President Garfield advocated a bi-metal monetary system”.
Under this system the metal was the money and the currency was merely the receipt for the money.
“Ulysses S. Grant was our 18th president. There was a panic in 1873 which led to a depression for 5 years. People wanted more paper currency in circulation. The Inflation Bill was pushed through on April 14, 1874 to increase the nation’s tight money supply as a result of the contraction act. Many farmers and working men favored the bill, but Eastern bankers wanted a veto because of their reliance on bonds and foreign investors. On April 22, 1874, Grant unexpectedly vetoed the bill on the grounds that it would destroy the credit of the nation.”
“Stephen Grover Cleveland was the 22nd and 24th President of the United States. He is the only president to serve two non-consecutive terms. (1885–1889 and 1893–1897) In his second term the panic of 1893 struck the nation. The panic was worsened by the acute shortage of gold that resulted from the free coinage of silver. Cleveland oversaw the repeal of the Sherman Silver Act. At the time the repeal seemed a minor setback to silverites, but it marked the beginning of the end of silver as a basis for American currency.”
“William McKinley is our 25th president. He secured the passage of the Gold Standard Act”.
Every major currency left the gold standard during the Great Depression. This put and end to what is known as the classical gold era. Some of the doom and gloom prophets that are forecasting and end to the dollar are calling for a return to the gold standard. While this idea may have some merit, the gold standard did not protect anyone during the great depression and in fact the faster nations removed themselves from this standard the faster their economies recovered. (Sources and links provided from original article on my other blog)
The big mistake in my opinion was the removal of silver and that gold was the only metal used for money, or to back money. I think James Garfield had it right. A bi-metal monetary system would be better. But whatever system winds up replacing the dollar just know it won’t be like anything we had in the past. In fact I believe that when the dollar is replaced it will be a whole new system of exchange. Gold and silver will serve to protect people while the new system is being set up. That’s why prices are going through the roof. Fear is driving the market. Whenever people panic they always run back to real money. (Gold and Silver) paper fiat currency is not real money. It might as well be monopoly money. For now though, the dollar has value.
I don’t agree that the dollar will crash overnight like some people think. I think the dollar will meet a gradual demise. The indicator is oil. Two thirds of our currency is overseas and it is used to buy and sell oil. Since the dollar is the medium of exchange for oil, other nations secure the dollar by their oil supplies. It does not matter what quantity The Federal Reserve puts out. Although this weakens the dollar it won’t destroy it. When nations start to use some other medium to exchange for oil, then those dollars overseas will no longer be needed. When that happens most of all the foreign U.S. dollars will make their way back to the United States where they originated. When this happens hyperinflation will set in as there will be too much money in circulation.
The cause and effect of this will mean several things. First we as Americans will see a dramatic fall in our standard of living. America’s credit rating will plummet. And the economy will adjust accordingly. The adjustments will be gradual. Second, America could face a redenomination of its own. We should be familiar with this process after we watch what happens with the Iraqi dinar. Third, there will be a new global exchange that could move beyond the medium of fiat currencies, or the nations that held our debt will be the new reserve currencies. What will the new system be?
Who really knows for sure. What will America do when our dollar is no longer the medium and standard for the world? Simple, they will start drilling for oil here in America and tap America’s vast oil reserves that until now remain untouched. For more information on this, research the petro dollar and see its global impact. This is also talked about in great detail on my other blog about global economics. (BVAWE)
Back in 2010 I wrote an article called “The Iraqi Dinar Will Revalue, Here’s Why” This turned out to be the most popular thing about the dinar I have ever written. It was copied and pasted in all the forums. Since I spent the last few months correcting things I have said and debunking myths, I thought I would end with the things that were talked about in this article. This subject became too long to include at the end of the last post. (Supposed to be in the last post)
Of course I no longer agree with the premise of this article. As you know by now I do not believe the dinar will revalue. There is something in my disclaimer I would like to point out. It is the part that says. “My opinion is subject to change if new information surfaces that I am not aware of.” Once I started looking in the right places lots of information surfaced I knew nothing about. So now I would like to go into this article with a bit more detail.
Iraq reducing its money supply
Well as we now know this is not the case. They have been expanding the money supply ever since 2004. There was an article that said Iraq was reducing the excess liquidity by 70 percent. This was one of the articles I used that came from Iraq to say Iraq was reducing its currency. Numbers at the CBI have indicated otherwise. It was a matter of not trusting the CBI’s numbers and looking to other sources to confirm currency supply. This goes along with the smoke and mirrors conspiracy thing. The truth is you can trust the numbers from the CBI. They need to be transparent. The IMF would not tolerate deceit.
It is interesting to note that the CBI has released a new version of the key financial indicators document which now shows currency outside of banks being 29 trillion and not the 35 trillion as it declared back in March. In fact the new document does not show the M2. The only real correction was line 79 which stated there was 35 trillion outside of banks. There are other numbers in this document that are missing. Now the new version of this document is saying there was really only 29 trillion outside of banks for the month of March. So what happened? If they did not need to be transparent then there would be no need to indicate they had 35 trillion outside of banks. They could have just lied about the numbers from the start and avoid a lot of headache.
It is my guess this whole turmoil started when Shabibi tried to do something with the currency and released this vast amount. He got a backlash from Maliki and certain members of parliament that support Maliki. This is the thing that caused all the turmoil and now the money is back at the CBI. Of course I don’t know for sure. I do not believe it was a typo. This is because line 79 added correctly with the other figures in the document. Shabibi got caught doing something. That much is obvious. You can go look at the document yourself. I downloaded the version that said there was 35 trillion outside of banks. Now one month later there is magically 29 trillion outside of banks in the new document. There was 28.5 trillion in February. So it is still an expansion and not a reduction. Things that make you go hmmmm.
The dinar article in question was the first one I wrote that talks about the oil effecting GDP, and how oil will not be traded for dinar. I do make the point that a higher GDP will affect the currency’s value. This is the only part of the article that was correct concerning any change in the value of the dinar.
Fractional Reserve Banking
People proposed questions in forums about currency supply. These were people who believed that there would be no revalue. These are also people with financial backgrounds and degrees. At that time I thought there would be a revalue and I knew this was a trick question. Here is the general question that was asked. How can America even support an RV when it only has 3 trillion dollars in circulation according to the money supply? If there is 25 trillion dinar in circulation how can it RV to $3.00 when the US does not even have that much money in circulation? I have read this question in at least three posts
While the question on surfaced sounded good the question itself was really deceitful. The person asking the question knew it was deceitful. They asked it only to argue against people’s hopes for a revalue. They were not interested in the truth, and they thought no one would address this question. It was obvious to me that this was not a question from someone who was searching to expose the truth, but its intended purpose was to antagonize. This was a question from someone who thought everyone in the dinar community was stupid and did not know what he (Mr. Finance Guru) knew about money. So after studying money for a while I was going to let these guys have it with both barrels.
If you really come to a place like I have where you no longer believe there is going to be a revalue, you don’t need to ask deceitful trick questions like this. The facts themselves will support your theory. So I gave my response which I stand by to this day.
In the first place not everyone believes the dinar will revalue that high. (Above the 3.00 mark) The 3 trillion US dollars mentioned here did not make up all of Americas money supply like this question led you to believe. This was only M1, and M1 is physical currency. Only 3 percent of America’s currency is physical currency. So where does the rest come from? Well there is also M2 which is M1 plus electronic currency. It is a different number. This was about 9 trillion at the time. Then there is M3. The Federal Reserve no longer reports on M3. They stopped reporting M3 in 2006. M2 would be base money and this is expanded through something called Fractional Reserve Banking. This is outlined in a book put out by the feds called Modern Money Mechanics. It works something like this (watch Video)
As a direct result of fractional reserve banking the money supply expands. Watch the next video to see how.
The point here is our currency supply is not 3 trillion dollars. That was just our physical currency which is only 3 percent of the money supply. (watch videos) According to the principles in fractional Reserve Banking it also means that outstanding debt is also money in circulation. The banks created the money when it generated the loans. So our national debt is over 15 trillion dollars. Consumer debt is 57 trillion. All of this is money in circulation. This explains why the dollar is in trouble. But don’t sit there and tell me that the US has only 3 trillion dollars to pay for the mythical revalue when there is plenty of other evidence that goes against the revalue theory.
So how much money is there? Well here are some links that explain it.
“In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time. There are several ways to define “money,” but standard measures usually include currency in circulation and demand deposits.” Notice that this standard definition of the money supply does not include debt. Check total debt and total money supple here
Notice that 3 of the 4 contraction and expansion measures for the money supply involve the loan process.
Some people have taken my statements here and thought I said that Iraq’s banks were going to use fractional reserve banking (FRB) to finance the revalue of the dinar. That’s not what I said or what I meant to say. My only reason to point that out in the article was to show America has more US dollars in circulation then the so-called financial experts in the forums were saying. This put a stop to those kinds of questions. At least while I was there.
Iraq won’t use FRB to finance a revalue because this process expands the money supply. Iraq needs to contract their money supply in order for the revalue theory to work. Most of Iraq’s money is base money it has not been expanded through the loan process. This narrows down the contraction measures to one thing which is Redenomination. If you doubt that debt becomes a part of the money supply just look at how money is expanded and contracted. If the fictional RV happened as portrayed in the forums this would cause an immediate increase in the world’s money supply. As people paid off debts like mortgages, credit cards, and cars the money supply would go through a slight decrease.
However, dumping that much money in the general world money supply would have an end result of inflation. This to me is a much better argument then saying the united states only has 3 trillion in circulation. If this is the case how did the United States acquire a debt of over 15 trillion? The point of explaining Fractional Reserve Banking was to show the expansion of the money supply. Not to explain the mechanics of the RV scenario.
The Rothschild Dynasty
In the article I posted in 2010 I talked about the Rothschild family. I talked about their involvement in the first two central banks that America had. I talked about their involvement in the Formation of the Federal Reserve. Part 1 of this article series talks about that. I was speaking about their involvement as part of a world banking cartel. I even said they owned or had a hand in almost all the Central Banks around the world. They basically controlled almost all the central banks.
I talked about what happened during the revolutionary war. I talked about how on one hand the Rothschilds said the colonial script (colonies money) would not amount to anything, and it was worthless. Then secretly they were buying up all the colonial script they could get. After the war one of the things Alexander Hamilton was able to do was place a value on the currency (colonial script) so the Rothschild family could cash in all of the colonial script they had purchased for next to nothing after the war. I mentioned that they are doing this with the dinar today. On one hand they are saying the currency is worthless and then the CBI will revalue the currency that all the fat cat banking cartel own.
Well first I want to address the Rothschild family. Let’s talk about who they are, their history, and what they really own. This alone would fill volumes of books, but in the interest of time I will sum everything up in 5 videos. First watch the videos to gain a basic back ground.
So if you took the time to watch these videos you know of the Rothschild’s involvement in the banking system, the industrial revolution, and the political system. Their old houses are used today as embassies and one mansion was even used as a headquarters to implement the Marshal plan. You see their involvement in the current central banking system. While there seems to be many conspiracy theories surrounding this family, controlling the banking system is not one of them. Here is one link that will provide numerous links for further study. Some of the links in my view are conspiracy minded. Other links bring forth documentation about the truth.
The Rothschild family operates their holdings by degrees of separation. Basically it works like this. Company A is owned by company B, which has a sister company C. all these companies have a parent company D, which is managed and controlled by company E which is controlled by the main corporation that the Rothschild family controls. So with all these degrees of separation there are few companies that bare the name Rothschild that are actually owned by them. It also makes it harder to trace ownership of a given company back to the Rothschild family.
The ultimate parent company of the Rothschild dynasty is a private Swiss company, ”Rothschilds Continuation Holdings. AG (RCH) Rothschilds Continuation Holdings AG is a bank holding company which through its subsidiaries, provides banking, treasury, investment banking, fund management, private banking and trust management services to governments, corporations and individuals worldwide. The company is based in Zug, Switzerland. Rothschilds Continuation Holdings AG operates as a subsidiary of Paris Orleans S.A.”
The Rothschild family biographies give the illusion and impression that their total wealth has decreased over the years. But researchers estimate their wealth into something more than half of the entire world’s wealth.
Central Banks are separate from Governments for a reason. They are controlled by someone else. They are part of the elite banking cartel. They do not belong to the people of that country. A central bank is controlled in two ways. First through the International Monetary Fund, (IMF) and second through The Bank For International Settlements.
“The Bank for International Settlements (BIS) is an intergovernmental organization of central banks which fosters international monetary and financial cooperation and serves as a bank for central banks. It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930. The Hague Agreements are maintained by World International Property Organization or WIPO.”
“The World Intellectual Property Organization (WIPO) is one of the 17 specialized agencies of the United Nations. WIPO was created in 1967 “to encourage creative activity, to promote the protection of intellectual property throughout the world”
“As with all United Nations multi-government forums, WIPO is not an elected body. WIPO usually attempts to reach decisions by consensus, but in any vote, each Member State is entitled to one vote, regardless of population or contribution to the funding.”
“Unlike other branches of the United Nations, WIPO has significant financial resources independent of the contributions from its Member States. In 2006, over 90% of its income of just over CHF 250 million.”
So we can see how all this connects together. The Bank For International Settlements ultimately plugs back into the United Nations.
Bank For International Settlements Board of directors:
Christian Noyer, Paris (Chairman of the Board of Directors)
Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)
Ben Bernanke, Washington, DC;
Mark Carney, Ottawa;
Mario Draghi, Rome;
William Dudley, New York;
Stefan Ingves, Stockholm;
Mervyn King, London;
Jean-Pierre Landau, Paris;
Guillermo Ortiz Martínez, Mexico City
Guy Quaden, Brussels;
Jean-Pierre Roth, Zürich;
Masaaki Shirakawa, Tokyo;
Jean-Claude Trichet, Frankfurt am Main;
Paul Tucker, London;
Alfons Vicomte Verplaetse, Brussels;
Axel A. Weber, Frankfurt am Main;
Nout Wellink, Amsterdam;
Zhou Xiaochuan, Beijing
Most of these people attend the Bilderberg meeting every year. These people control all the central banks around the world including the CBI. The collation provisional authority set up the CBI as an independent bank and as part of the international system so they could control it. When I say Rothschild owns the CBI I meant Rothschild controlled through BIS, IMF, and UN New World Order. For the Rothschild dynasty are the founding fathers of the central bank system.
Rothschild-owned Central Banks in ALL BUT THREE countries in 2011. (Check the link below) The first Rothschild world bank, the, “Bank for International Settlements (BIS),” is established in Basle, Switzerland.
You may not agree. You may even think that I am a bit to conspiracy theory minded. That’s fine believe what you want. I have provided all the evidence in the supporting links. There is no smoking gun. You got to look at all the evidence as a whole.
I was wrong when I said that the Rothschild institutions were going to revalue the dinar. I now think they already made their money off the dinar. When Iraq was invaded they left the central bank unguarded and Saddam made off with a bunch of dinar. But the invading forces took a lot of the old dinar as well. I now believe that the Rothschilds already made their money on the initial exchange back in 2004. I got several links for this as well. I am still digging in this area and I think the global interest already made their money off the first exchange. This is what the evidence suggest so far. It seems I found out about the dinar long after they were out.
So there it is, these last 6 posts gives my personal story about the dinar and my 2 year involvement with this currency. I am certain that this currency will redenominate and I believe that when this happens there will be no way to trade back for dollars here in the US. Once people figure this out the demand for the currency will stop. And once that happens you will not even be able to trade that worthless dinar paper for a stick of gum. There will be no demand for it. The dealers will all close up shop and you will not find them.
The dinar is like a game of musical chairs. Whoever is caught holding this stuff when the whole thing crashes will lose. They won’t be able to find a seat once the music stops. And that is the scam behind the dinar.
I was just about like every other investor I came into contact with. The Iraqi dinar was my first real investment outside of my 401k. I knew nothing about currencies or investing. I took a lot of things at face value. When I was told the Kuwait lie and the Germany lie I believed it hook line and sinker. There were a lot of lies I believed when I first got into this thing. I was about as green and gullible as I could possibly be. When I was writing posts for the blog I just repeated what I was reading in my own words. I never expected it to get as big as it did. The only point of the blog was to answer a few questions for friends and family. Soon my posts were repeated, copied, and pasted in dinar forums all over the community. As if I was some kind of authority.
I really could not understand why the hits on the blog were going up until one day I ventured into a forum and saw what I wrote on the blog. When I found out the truth I removed all the posts that had misleading information. My point of view had changed once I stopped taking the gurus word and dug in to verify the things that were said. The problem I had was that even though I removed these from the blog they were copied and pasted in the forums. There was no way to delete those posts. So the real reason for bringing Iraq Currency Watch back was to set the record straight and correct things I no longer believe. The second reason was to warn all the people who took the time to read my blog. I need to warn them about what is going to happen next. This is so they can make the right choice. These are my only goals. After this post I am done and I will no longer follow this investment. I will remove myself from investment communities and pursue the things that interest me.
I never made any money from this blog. I wanted to stay open and impartial. Making money on ads would color my perspective because now I am no better than the other gurus who make money because the reader believes there is going to be a revalue. These five posts are all about correcting misinformation and speaking the truth. In the first post I gave my personal story about how I got involved with the dinar. In the second post I correct a lot of things I believed at the time but found out later were not true. In the third post we follow the money and you begin to see the truth with this investment. In the fourth post we talk about revalue versus redenomination. We talked about the problems that could make the government unstable. If this happens everyone will lose.
Now I would like to talk about the network set up here in America to move the dinar. This dinar network is a combination of forums dealers and independent research teams. Most are dishonest and on the take. There are some that search for the truth and believe they are doing a good thing. These people don’t believe the things I revealed in the last 4 posts and for the most part are investors themselves like I once was. I hope that once you see the corruption in the way the dinar is sold you will understand why seasoned investors refer to this as a scam. I just want to show you research other people have done so you can be informed. Let this thing be established by more than one witness.
This first site is called Iraq Dinar Money. The column to the right shows a list of dealers and sites. It shows the ones who share the same IP address. It seems some sites are set up as independent analysis. They display Investment Intel and news related to Iraq. They give the appearance of being an independent site. Other sites sell dinar, but they are secretly connected to the analysis site. The illusion is these two sites are separate when in fact they share the same goal and they are one and the same. That goal is sell the dinar by any means. a lot of these sites even share the same IP address. This site is a great source for flushing out the scam artists. They tell lies to sell dinar and entice people into buying. This is also known as pumping
The other site that seems to do a great job at revealing conflicts of interest is called Dinar Douche Bags. This site reveals the real identity of the people lying to you. They have information on how gurus are connected to each other. They show all the con games going on with this investment.
The mission of Iraq Currency Watch has always been to seek the truth about this investment. I will admit I am kind of slow. After all, it took me two years to discover it. So basically I put to the test the things that are said about this investment. Iraqi Dinar Money shows how all the dealers are connected. Dinar Douchebags show and reveal the identity of all the liars. Between these three sites you should know enough about this scam to know that any money spent on the dinar will be wasted and you will lose. That is unless you can find some poor sucker on eBay who won’t listen to reason.
So now I want to talk about how my family and I got our dinar and how members of my family were scammed. When I heard about the dinar I did not dig as deep as I should have because I was looking at other currencies too. Time was limited. I found one of the independent analysis sites that were connected to the dealers. These sites are good at setting up straw men to tackle. When I decided to buy my dinar I purchased it all from Dinar Trade. This site was run by a man by the name of Ali Agha. I saw his clip on MSNBC. Ali sells the real deal. His currency is real dinar and as far as a fair exchange goes and getting real dinar in that department he is more than honest. He backs the authenticity of the currency. So I felt he was reputable.
What I did not realize at the time was how independent analysis sites were set up with Ali. At that time you could go to Dinar Daddy or Franks KTFM site and get hype about the dinar. Their job was pumping. They sent you to Ali’s site to purchase it. When you type in their special code you got a discount on your purchase. I think my discount was around 5 bucks. It was amazing how policy at Dinar Trade and intel by the gurus went hand in hand.
Let me give you an example. My brother had about 100,000 dinar. That’s all he wanted to invest. He did not want to invest anymore. Money was extremely tight and he was barely making it. During the whole summer of 2010 the gurus in the analysis forums said when the dinar RVs the rate will be over 3.00 and it will go up from there. Frank had a rate prediction of around $3.86. Everyone said when it RVs the rate will go up. Ali had a policy that you could lock into a rate after the revalue with 100,000 dinars if you made an appointment with him after the revalue. He would pro rate it.
Ali Agha from Dinar Trade changed his policy. He said that you need to have a million dinar to lock in a rate. At the same time and right on cue the gurus and pumpers changed what they were saying. They now said that when the rate comes out it will be high at first then it will go down. Now if you believe that the rate will go down after the initial RV and you now know that you need a million dinar to lock in a rate, what are you going to do? You are going to beg borrow and steal to get more dinars so you can maximize your profits right? Well my brother purchased a million dinar from Ali and he put in his code for his discount. I had other family members that sold family air looms for cheap to get the money to buy more dinars. I don’t know how much more money the dealers made as a result of this. I began to suspect that the pumpers were getting kickbacks from Dinar trade. My suspicion was this. The real reason for the discount code was to give commissions to the proper pumpers, and to credit those guys for the sales. Frank had his own code and Roger had his. This became more apparent later when Roger Dorman went on his own and started Treasury Vault. He introduced his wife Angela as the owner of Treasury vault as though she was just an acquaintance. My brother was scammed into buying 1,000,000 more dinars even though he was fine only holding 100,000.
“From on or about January 1, 2008, through the date of this Order, Dinar Trade has exchanged approximately $4,400,000.00 into Iraqi dinars in approximately 5,000 transactions for residents of the State of Arkansas.”
It makes you wonder just how much dinar has been sold and is sitting here in the United States. Does anyone know? Please leave a comment if you do.
Dinar Trade started another policy that turned out to be beneficial for Ali. That policy was buying dinar on reserve. This is how it works. Let’s say you wanted to buy 10,000,000 dinar. Now Let’s say you did not have all the money for that much dinar. You could put 10 percent down. The dinar was held out in reserve. You had 30 days to come up with the rest of the money. If you did not come up with the money you lost your reserve and you lost your deposit.
I know a lady at the Starbucks where I work she used the reserve to try to get a million dinar. She put $100.00 down and she was not able to come up with the rest. She lost her money. She told me the gurus at the pumper sites where predicting it would RV within the month so she thought she would buy dinar on reserve put in the discount code and pay for it after the revalue, And that is how that scam worked. Who knows how many people bought dinar this way and lost. The dealers are making money because they don’t even need to provide the dinar in the transaction. They just sit back and collect, and the pumpers get their commission
Later on Ali closed down. Dinar Daddy’s owner, Roger Dorman with his wife Angela Dorman starts Treasury Vault. They have the same policy concerning reserve but they changed it. If you don’t meet the reserve time instead of losing all your money you get the equivalent deposit in dinar.
Around the end of April first part of May in 2011 Ali closes Dinar Trade. His excuse at that time was someone was making threats to his family. Now Ali is opening for business again. He just sent me an email.
To all of our valued and loyal customers and friends,
We would like to thank you for your continued loyalty and support. We have received overwhelming response to our newly introduced “Guarantee Reserve Program,” allowing you pay the initial 10% purchase amount with no obligation to pay the remaining 90% balance. If you choose this, you still will receive the 10% amount in Dinars.
Unlike other dealers, all of our currency programs are backed 100% by the capitalization of Dinar Trade. The “Guarantee on Reserve” program ensures the full amount of Dinars that you reserve are kept in our secure vault. Other dealers have often imitated our reserve program, but cannot match our customer service and industry-leading services.
So now he is back?………. He gives an interview on blog talk radio
In the link above is a call on Blog Talk Radio. The call is between Ali Agha and Roger Dorman. He talks about opening up his business and he talks about his contacts in Iraq. I believe Ali does indeed have contacts in Iraq. I think he is well-connected.
This whole thing puzzles me. I strongly suspect his real reasons for closing down and starting up again are different from what he says in this call. The timing is too suspicious to me. When Ali closes down it was just one and a half months later in June that Iraq announces their redenomination. They announce new lower denominations that will be printed with Kurdish symbols. The last video in the last post goes into detail about this.
“BAGHDAD, April 12 (Reuters) – Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.”
We talked about the fact that Shabibi released 6.5 trillion more dinars into the money supply. Now all of a sudden Ali opens up for business once again! I think the dealers, pumpers, gurus, and even Iraq thinks we can get a little more milk out of this cow. These are my suspicions. I would like someone to provide evidence that proves otherwise.
DinarTrade.com has been around since May 5 2004. It was registered out of Bakersfield, California by Maria Agha. The site is run by Ali and it was started with his father. Now Ali is moving his headquarters to Las Vegas. The main Office will be there. He says the reason for this is because of threats on his family. I think the real reason may be because he thought the dinar was going to redenominate so he closes up shop. Then they postpone the redenomination a few years so he reopens in Vegas. He chooses Vegas because he is getting killed on taxes in California. Nevada has no state income taxes. This whole thing just smells funny to me. Why is Roger on a conference call with Ali? Isn’t he a competitor now? Treasury Vault competes with Dinar Trade right? Or does it? Rogers’s wife runs Treasury Vault. I noticed that Frank was missing from the call. Of course I downloaded the call and it is now in my archives.
It is stuff like this that causes me to suspect that when the redenomination comes and a new ISO number is issued the dealers will all pack up and go into hiding. They won’t buy dinar anymore because they won’t be able to sell it to new investors and they won’t trade it in because there may be issues with returning the currency to Iraq.
“Wait but Ali will provide liquidity because he owns a bank in Iraq right?”
Here is a list of all the banks in Iraq.
Central Bank
Central Bank of Iraq
State owned banks
Rafidain Bank
Rasheed Bank
Industrial Bank of Iraq
Agricultural Cooperative Bank of Iraq
Real Estate Bank of Iraq
Bank of Iraq
Trade Bank of Iraq
Private Banks
Ashur International Bank for Investment (Mobile: +9647700224514, +971505589633)
Kurdistan International Bank for Investment and Development
Warka Bank
Babylon Bank
Bank of Baghdad
Basrah International Bank for Investment
Commercial Bank of Iraq
Credit Bank of Iraq
Dar Es Salaam Investment Bank http://www.dfdi-bank.com/english_index.html (Dijlah and Furat Bank)
Economy Bank Iraq
Gulf Commercial Bank
Industrial Union Investment Bank
Investment Bank of Iraq
Iraqi Middle East Investment Bank
Islamic Bank
Mosul Bank
North Bank
Sumer Bank
Union Bank of Iraq
United Investment Bank
Ali Agha is not listed as the owner of any of these banks. In fact these banks have not changed owners since 2006.
If you want to find out anything about dinar lies or anything about dealers or pumpers just use these three sites. Iraq Currency Watch, Dinar Douche Bags, and Iraq dinar money,
Let’s say you want to know more about the site dinar vets. Start by going to Iraq dinar money and search for the Site and its founder
Now let’s say you want to find out more about Adam Montana. Adam wrote a book and in this book he claims he is a Harvard graduate. Let’s say you want to know more. Well a quick dig and you discover that Adam is not this guy’s real name. Over at dinar Douchebags you can discover his real name which is in fact James Wolf,
Sam I Am has way too much time on his hands but he is uncovering some interesting things. He did analysis of Adams voice from a conference call and found his ski video on You Tube. Voice analysis confirmed that James Wolf is indeed Adam Montana.
This You Tube channel has videos revealing this guy. James Wolf AKA Adam Montana sells some VIP membership on his site which promotes giving financial advice after the revalue. I looked at Harvard. There is no record that I could find of one James Wolf ever graduating from that university. If anyone has a record of this please share. ummm James I know your reading this!!!
These are the kind of things associated with this currency that make real investors consider this whole thing a scam. Can anyone name another currency that is lied about so much?
Internationally Traded Currency
The big question I get from people is how will Iraq be an internationally traded currency if they redenominate? This is a step in the wrong direction isn’t it? The banks will trade it in after the RD, RV, RI or whatever. This is because the currency will be internationally traded right?
My response is this. Are the banks taking the dinar now? There used to be several in my area. There are none now. The dinar is only meant for use in Iraq. It is a pegged currency and it does not float. Right now it is not an internationally traded currency. But let’s consider for a moment that Iraq wants their dinar to be internationally traded like some of the other currencies on Forex.
Iraq’s currency could become an internationally traded currency after the redenomination process is finished. In other words they redenominate and you miss the trade in period because you are unable to exchange the old denominations for the new denominations. After the trade in period expires and the process is over then the new dinar becomes an internationally traded currency. No one knows for sure that they will redenominate and become an international currency at the same time! Just like no one knows that they will redenominate and dedollarize at the same time. They may choose to dedollarize long after the redenomination process.
Consider this, It would benefit Iraq to redenominate in country only and get rid of all the old currency outside its borders without providing liquidity. It would not need to send the billions of US dollars back to the United States that it once got for it’s now worthless currency in the first place. They won’t need to print as many lower denominations saving even more cost on the redenomination.
But I just want the new notes not the US dollars so what’s the problem?
The problem seems to be that there is a liability issue with the new notes. Even though you may want those notes now there will come a time when you will want to trade that new note for the US dollar. I tried to calculate just how much dinar is in the United States. I think that there is at least 2 1/5 trillion dinar here in the states. (Not sure of exact amount) If this is the case that means that over 2 billion US dollars are in Iraq because of this. Why would Iraq allow new denominations to come to America? Won’t Iraq be on the hook for that much money? Oh wait we all know how honest the politicians are over there right? You can trust the guys running that country half way around the world. (note the sarcasm) In your heart……What do you think Iraq is really going to do?
I really started this post thinking it would be my last, but this post is already getting way to long. So I will need to stop here and do one more. I want to talk about who really owns the central bank in Iraq. This post is already way too long to include all I want to say. I guess writing blog posts are like eating potato chips You can’t just eat one.
The dinar is the most lied about currency I have ever seen. This in itself should raise a big red flag. To really understand what is going on with this currency you need to hear my story. As I share with you how I got involved with this venture, it is my hope that I will expose the myths and establish the facts concerning the revalue.
It all started for me back in the summer of 2009. I had lost faith in my 401k due to the financial meltdown that occurred in 2008. I was looking for other investment opportunities. I had stopped my contributions to this flawed retirement policy. I knew I had to save or make money by some other means. In August of 2009 I attended an online seminar conducted by Jerry Robinson. I knew him personally and he is a reputable economist. He talked briefly about foreign currencies. So I began to research these currencies. That is when I stumbled upon the dinar. There where sites that said it was a scam and there were sites that said it was a real investment.
I did find a few scams regarding this currency. I found people selling the old dinar with Saddam’s picture on it. I found people selling dinar but they have never shipped orders. Even though there were a few scams out there, as far as I could tell the dinar itself was a real currency that was used in Iraq. The dinar in itself was not a scam, but there were people who found a way to misrepresent it and steal from unsuspecting victims.
Around the last part of November in 2009 the online trading screens change after trading hours and the dinar jumped up to $1.49 for about 6 to 8 hours. This rate was right below the Euro. Then it went back to the posted 1170 to a dollar rate. In my research I saw how the currency moved and how it was going up since its release. Back in 2010 you could get dinar at the local banks. You could exchange dinar there too.
In January of 2010 I decided to make my first purchase and I was only going to buy a very small amount. I bought my dinar from Dinar Trade. At that time Dinar Trade was probably the number one dealer. It was run by a guy by the name of Ali. I also got a better deal than what I would have got using the banks. I read through a few forums and some people seem to think that this currency was going to revalue at any second and you should buy it before the election. After the winner is determined then the revalue will happen. At least this is what people suggested. They really didn’t know. So I felt a sense of urgency to buy this currency. There were two front-runners for the election Maliki and Alawai.
I told a few people I work with about this investment. They bought dinar as well. They told all their friends. It wasn’t long before my phone was ringing off the hook about the dinar. All kinds of people I did not even know were asking me questions about what I read. My phone number was given to friends of friends. It is important to note that I knew squat about currency and revalues at this point, but I began to believe the dinar could revalue and the major risk was behind us. My friend Jerry encouraged me to start a blog and talk about my findings with this currency. I started Iraq Currency Watch in February of 2010. I knew nothing about blogs, and I knew nothing about the currency. I just put the basic information up there and answered the most basic questions that I got asked all the time. Things like don’t buy the dinar with Saddam’s picture on it. I also would read and I tried to analyze articles from Iraq. Now when people called I referred them to my blog. Eventually the phone stopped ringing all together. The blog was a success. It seemed as though for a brief moment I had my life back. Little did I know it was just the calm before the storm.
Then I read 3 articles towards the end of February that made me up the ante. Maliki said the dinar will revalue before the end of 2010. It seemed the cat was out of the bag and all 3 articles said the dinar would revalue. I bought a lot more dinar. The elections were just around the corner and it seemed that once this part was done we would see the Revalue of this currency. Furthermore when I looked up the rate on Forex it said that Iraq had announced plans to revalue their currency.
I began reading everything I could about the dinar. I saved hundreds of links. I read that Kuwait revalued its currency after the invasion by Iraq. Then shortly after that they redenominated. Everyone who bought Kuwaiti dinar cleaned up. I also read about how the dinar will be sold for oil. I read that the CBI was pulling 70 percent of their dinar out of circulation to prepare for the revalue. I read that the lower denominations were already printed because of provisional order 43. I also read the dinar will revalue over $3.00. Now I was starting to get excited. Some of this stuff was in the forums and some I got from articles that were coming out of Iraq. I heard the term reinstate for the first time. Some guy named Frank26 said this currency was going to reinstate. This meant that a currency would reinstate to its previous value. I even read that the revalue of the Iraqi dinar was part of biblical prophecy. Being a student of prophecy I found this thought interesting.
The election came and went in March with no clear leader. This frustrated everyone because most people thought this would not happen until after the election was over and a winner was chosen. By the end of March no one knew who the new prime minister would be. By the end of April people still did not know which one would obtain the prize of prime minister. By the end of April I had 206 hits on the blog for that month. The stuff I read in the forums and the stuff I read in news articles made me buy even more dinar.
Then something happened to me in the spring of 2010. I got hurt on the job. I could no longer work. In addition to this I could not work overtime. I had gigs outside of work I did for money. I could no longer do those gigs and I lost those Jobs. Throughout the rest of spring and the whole summer I was out of work and I could do nothing physical until I recovered. So now what do I do? money was tight.
I decided to work on my blog and read news articles. I also needed to know what I was talking about so I started to research money. I researched the history of money. I learned things like the United States had a total of 3 central banks in its history. The first two only had 20 year charters and they were failures. I learned that Lincoln created his own money called the green back. I learned how we got money today and where it came from. I learned how money works. I learned how it expands and contracts and I learned the difference between fiat currency and currency that is backed by gold. I learned about modern money mechanics. Of course I wrote about all this in my blog.
In May of 2010 Iraq announced that it is going to redenominate its currency. Forex change their notice from revalue to redenominate. The new notice said Iraq has announced plans to redenominate their currency before the end of the year. I first thought great!!! I could have really used that extra money I spent on dinar. So much for reinstate! But as I began to dig in and research articles coming out of Iraq, some articles said they would redenominate and some articles said they would not redenominate. People developed a smoke and mirrors mentality. but know one could tell what was the smoke and what was the mirrors. This sparked great debates in all the forums. Some articles said that Iraq was only going to pull the 25,000 and the 10,000 notes out of circulation and replace those with 10 and 25 dinar notes.. Some articles said that Iraq was only going to delete the notes with three zeros. One thing I knew through my research was they could not just pull the higher end notes out of circulation and release a new series.This piece of information led to a rumor that circulated. Someone said that it is safer to buy lower denominations and this will protect you from a redenomination. Nothing could be further from the truth! In a redenomination the whole series is changed out.
They had to replace the whole series in order to redenominate, and yet the process described in the news articles was not one of redenomination. For example, they could not put a 25 dinar note into circulation and have it be worth more than the 250 dinar note. If they are only pulling the notes with 3 zeros like the news articles said then they could not do this because it would invalidate the 50, 100, and 250 dinar notes. This made the idea of a revalue more plausible. It also gave credence to the smoke and mirror theory. But in the end no one knew what they were talking about. Even the guys writing articles in Iraq made stuff up. Of course this did not dawn on us until much later.The summer drifted on with really no new information. There was very little activity.
Throughout the whole spring and the whole summer no one knew who the prime minister would be. The articles that came out of Iraq were just ridiculous. Some sided with Maliki and some sided with Aliwai. All kinds of rumors were floating around about those two men. I continued to spend all my time learning about money, and learning about how money works. I would speak out against stupid articles and the authors that were writing rumors about these two candidates. It never dawn on me how dumb it was to analyse news articles that were constantly lying to you as though there was some hidden information about a revalue or a redenomination or even who the prime minister would be.
Then towards the end of summer I discovered the petro-dollar. I learned that we went off the gold standard in August of 1971. I learned that the dollar was backed by nothing and every currency in the world that held dollars in their reserve became a fiat currency. Fiat means faith-based. In other words the currency only has value because people believe it does. Just because the currency bought something yesterday made people believe it will buy something today, and people believe it will buy something tomorrow. But when too much currency is in circulation hyperinflation goes into place and the perceived value changes. People lose faith in the currency.
I learned that when we went off the gold standard not only did we make our currency a fiat currency, but we tied almost all the world’s money to a fiat system as well. Oil replaced gold as a means to back currency. We set up agreements with OPEC and other Arab nations. We told them that we will protect them with our military and make them rich. The only thing they had to do is sell their oil using only US dollars. Since oil could only be sold in dollars this meant a demand was created for our worthless fiat currency because other nations needed it to buy oil. This was the thing that set up the entire global economy we have today.
In 2000 Saddam change from selling oil from dollars to euros. Shortly after that we made invasion plans. The first order of business was to change it back to dollars again. The United States made it a top priority. Oil drives the economy because oil backs our dollar. This is the real reason for our involvement in Libya. If oil is sold in anything else than our dollar then that threatens our dollar. This means that the United States will not use Iraqi dinar to buy oil because it will threaten the global economy. All they need to do is print more money to buy all the oil they need. That was the first lie I exposed about this currency. Dinar will not be used to buy oil. I wrote about this in August.
People began to copy and paste parts of my blog into forums around the dinar community. I really did not care. This caused my readership to skyrocket. I went from 10 to 50 hits a week to 800 a day. Then it went to 1500 hits a day on average. I joined Dinar Vets to defend some of my posts that were being copied and pasted in that forum. I got into a debate with someone named Dustin. As I began to research and give the reasons why the currency will revalue and not redenominate I discovered that all the News links I had about Iraq’s announcement to revalue had vanished. They were nowhere to be found. They were all removed. I had found articles that used revalue and redenomination interchangeably as if they had the same meaning. So I began the debate talking about oil. Most of what I said can be found in this article.
My argument for the redenomination was weak. Everything I had on the revalue was removed from the internet. All my evidence was gone. My evidence was from the same news organizations that were lying about who the next prime minister would be. The only thing I could say was if they redenominate they need to change out the entire series not just the high notes. I also pointed out that there are just as many articles that say there will not be a redenomination. There are no articles that point out they are replacing the series. In the end we agreed to disagree.
The cork came out of the bottle in the fall. Obama had announced he was bringing the troops home and ending the war in Iraq. The funny thing was he left 50,000 troops over there and this was compliant with the Status Of Forces Agreement (SOFA) we had with Iraq under George Bush. When this happened we saw some real movement. Iraq was removed from being a terrorist nation under the OFAC list. (Office of Foreign Asset Control) They got their swift codes for banking. In November Maliki was chosen as the prime minister. It set a record for the longest time it took to decide an election, and in December 15 of 2010 Iraq was removed from almost all the sanctions. They still held money in the DFI fund for Iraq and that was not going to be released until 6 months later. We had until the end of 2010 to see the revalue. We just all knew we were going to be rich any day now. They had to honor their debt with the Paris club, and they needed to revalue to do it! Here it comes!! here is the Revalue!!! Oh my God…. any moment now…. any day!!!! I can’t breathe!!! OH MY GOD!! We are going to be rich!!!!!
January 1st there were a lot of people wondering just what happened. Even though those articles were removed way back in February talking about the revalue of Iraq’s currency before the end of the year. We all remembered them. As I was scratching my head I started writing about money and all the things I learned over the summer. I wrote a piece that I called the Rabbit Hole. It was a 5 part series. After writing that my readership soared to about 4,000 people a day. My highest day was 5,820 people. For the month of January I had 35,110 hits. Not bad for a blog that just started out to answer a few questions.
This Rabbit Hole series explains the financial meltdown of 2008. It tells you who is responsible and why it happened. It talks about the Exchange Stabilization Fund. It explains how the US treasury used this to confiscate gold that belonged to American citizens in the 30’s. It also explains how the treasury uses ESF to control the Federal Reserve. It explains the rise of the globalist and the New World Order. It shows how the stock market is rigged. It reveals all kinds of things related to currencies and how it is used to control nations, Governments, and people’s around the world. If you have not read this series yet you should. Here is a link to get you started.
It is simply amazing to me how money works and how it is used. Most things written about money from economist are boring and labeled with terminology that is designed to bore and confuse the masses. Strip all that away and you see a major beast emerge, and you see an oligarchy of men controlling it.
I continued to post about world economics all through the spring and into the summer. I averaged 4,000 people a day. I got email and comments from people who just wanted to hear about the dinar. They wanted me to stop writing about global economics and focus only on the dinar. The problem with this is you can’t understand one without the other. The more you know about global economics then the more you will know about the dinar plain and simple!! If you limit yourself in this one area you will not get the big overall picture.
This is just one of the reasons that led me to close down Iraq currency watch and start another blog called Biblical Views And World Economics (BVAWE). So in July of 2011 I announced I was going to close down Iraq currency watch. I moved all the articles. I was afraid that if I gave up the name then some pumper/guru would come and take it over and pretend to be me. They would give bogus information to hype sales. So I kept the blog, but I just removed everything except one conference call with my good friend Scooter. I updated the articles and updated the links to a different series of links that work. I have written and combined posts. I never gave up the name Iraq Currency Watch. I just removed all the content. In the next post I will tell you the other reasons I shut down Iraq Currency Watch, and I will tell you why I am bringing it back. By the end of that article you should understand enough about the dinar to make an informed decision. I will write this article as fast as I can! I promise!!!
