Podcast 2 and 3 – “Sam I Am” Interview

Podcast 1In the last Podcast I mentioned that I was going to interview Sam I Am. Sam had one of the most popular anti-dinar blogs on the internet. He closed his site down in the spring of 2015. Now he is having a tell all interview with me. How exciting!

SamTypically on a Podcast I will have 3 segments. I typed about 17 questions down in a Microsoft Word document. I was hoping to have enough material for all 3 segments. As it turns out I recorded 3 separate segments. We talked for 3 hours and I only got to ask a few questions from the word document. We discussed many things from our dinar years. I decided to divide each segment into a totally separate podcast. So without further ado here is the first Podcast with Sam i Am

Sam I Am – Part 1

podcast 2We had a lot of fun reminiscing about dinar days of old. As we talked about some of the people who shaped the dinar community we had a few good laughs over  the stories of what some of these guys said and did. So I am going to share the second part of the interview with Sam I Am. You will find the third podcast for this site below. There is one more segment after this but I will release it in another post. Between part 1 above and part 2 below you should get a pretty good background about Sam and his experience with the dinar.

Sam I Am – Part 2

So if you listened to both of these podcasts then you found out a lot of secrets about the dinar community. You also found out what is in store for this site. Some great changes are coming. I hope you find these podcasts entertaining. Thank you for taking the time to listen!

Will Iraq Revalue Their Currency This Year?

Recently I spoke with my good friend Jerry Robinson about the Iraqi dinar and the Global Currency Reset. For those who don’t know, Jerry runs a Website/Media company called Follow The Money. They offer investment strategies and many of these strategies are available in a lot of area’s of finance. Help maintain debt or learn some of the best ways to invest money.

As this site is designed to explain the Iraqi Dinar so-called Investment, Jerry’s site is designed to take everything a step further regarding currencies and investments. His book called “Bankruptcy of Our Nation” is a fantastic read. This book is very insightful and I highly recommend it. Watch the interview here.

Jerry has a weekly podcast and he interviews many interesting guests. He has even interviewed Ron Paul a few weeks back. I listen to his weekly Podcast and I think you would also enjoy it. You can also listen to past shows too. Here is a link

Follow The Money Podcasts

Biblical Views And World Economics

Back in 2011 I started a blog called Biblical Views and World Economics or BVAWE. The purpose of this site was to reveal more about How real economics work. It needed to be restructured with a modern theme. and it need a lot of other work. I closed the site down in 2013 and one of the reasons for this was the fact that I did not have the time to put into this site. I was spread way to thin and this was more of a hobby site for me.

Now things have changed. I reopened the site. I added a new look and I restructured all the data to the site. To my surprise the site still has 97 subscribers. There is a wealth of new data on the site. There is a lot of economic history. The biblical aspect will deal with what the bible says about economics and the history of economics in the bible. (not tithing)

This is important because it was the study of economics that led me to the belief that the dinar would not revalue. When ever I posted that data over here on Iraq Currency Watch I would get complaints from people who just wanted to learn more about the dinar. They did not want to be bothered with the things that they believed had nothing to do with the dinar.

So in response I started BVAWE in 2011 as a place to put other financial data that had nothing to do with the dinar. After all, Iraq Currency Watch was a blog dedicated to the Iraqi dinar and my readers had a valid point. It was the current data found on BVAWE that ultimately debunked the dinar investment in my mind. It was learning how money actually worked that led me to the conclusion that a revalue of the Iraqi currency the way the gurus claimed would be impossible!

So I have sections of this site back up and the site is totally remodled. Many areas are still under construction. This is now more of a website with an attached blog. The sections that are up and available for view are,

Monetary History


The Blog Portion Of The Site

I would like to take this time to personally thank all my subscribers and all the people who have read this site over the years. You have inspired me to do what I do and you have encouraged me to dive in and research things to deeper depths that I would not have otherwise done on my own. Thank You for subscribing and reading Iraq Currency Watch and Biblical Views and World Economics!

Dinar Update 3

I decided to write another update to address something that people have been asking me. I have been getting questions regarding a world-wide global reset on all currencies. Basically some people think there will be a global reset of all currencies in the first quarter of 2014. According to this view a global reset is coming from the International Monetary Fund. (IMF) According to this belief the dollar is in big trouble. Supposedly there are 204 countries that have agreed with the IMF to revalue their currencies. The IMF will determine the new value of all currencies and every nation has agreed to keep these new values within a 5 percent deferential of each other. All currencies will revalue according to the assets that nations hold. This is supposed to happen by the end of March 2014. it is supposed to be announced as a global event. This rumor comes from people with different backgrounds and beliefs. I have even read about it in dinar forums. Here is what Lindsey Williams has to say about it.


(According to Lindsey Williams) A number of years ago Lindsey was given a job in Alaska. He was a chaplain for the oil company ARCO. His job was to provide consul to employees and improve company relations with employees. While he was there he got to meet the top people in the oil industry and he became close friends with them.

These guys are supposed to have an inside track on global events and they can predict and tell of events and plans before they occur. Lindsey became famous for a book he wrote called the Non-Energy Crisis. In this book he claims that there is enough oil in Alaska to last the United States for the next 200 years and there is no shortage of oil. In 2008 during the financial crisis oil shot up to $149.00 a barrel. During that Summer Lindsey said that his friends in the oil industry told him that oil was going to drop below 50 dollars a barrel. He was called a nut for saying this. In the fall of that same year oil fell to around 30 dollars a barrel.

However it should be noted that Lindsey Williams does not have the best track record. He has also been wrong on many of his currency predictions. In fact he has been more wrong than he has been right. He has predicted the end of the dollar in 2012. He said it would crash. Now he says this global reset will happen in March of 2014. He claims that he is acting on insider information. At least he is not saying God told him these things.

Will there be a global reset? Will this affect the value of the Iraqi dinar?

Mr. Williams said that all the currencies in the world will revalue within the first quarter of 2014. The dollar will be valued at 30 percent less. There will be no more currency wars. All then he makes the bold claim that all nations have signed on to this and it will happen by the end of March. This claim has served to increase speculation of a revalue in the Iraqi dinar. Is any of this true?

The first thing to understand about the Iraqi dinar is that it is a currency that requires a reserve. Something needs to back the dinar for the currency to be worth anything. Iraq’s oil does not back the Iraqi dinar. The U.S. dollar backs the Iraqi dinar. This means that Iraq must have enough U.S. currency on hand to match the value given to the dinar. Currently Iraq’s money supply outside of the bank is over 30 trillion. These numbers are available on the Central Bank of Iraq website.

Iraq’s M0 money is physical money. Iraq’s M1 is physical and electronic currency. Iraq’s M1 is over 70 Trillion. This is according to the Central Bank of Iraq. (CBI) So the dinar gets its value from the Dollar. This is why the exchange rate is about 1166 to 1. If Iraq had less currency in circulation the dinar would be worth more. One thing about a revalue is that they will need enough US currency to back any value they place on their currency. The amount of currency in circulation plus the reserve amount (US Dollars) determines the overall value of the dinar. This puts an overnight Revalue out of the question once and for all.

First if the dollar is worth 30 cents less than the dinar will also be worth less because it is pegged to the dollar. Remember the dollar backs the dinar. Lindsey does not say that the dollar will not be a reserve. He says that all the currencies globally will revalue putting an end to currency wars. He says that the crash of the dollar will come after that. When the dollar crashes it will be because it is no longer used as a reserve and oil will no longer be sold in dollars.

Second I find it hard to believe that all the nations signed on to this and there will be no more currency wars. Nations like to keep their currency low in an effort to increase their exports. China undervalues their currency by 30 to 40 cents. This is the same as having a 30 to 40 cent tariff on all goods coming into china from America and it allows china to export more goods which is the fuel to any nation’s economy. I find it hard to believe that all nations will give that up. Especially China!

The lower a currency value the better the chance that country will get industry because it will be cheap to manufacture goods and exports for that nation will be higher. This is the incentive for having a low value on your currency. The country with low currency rates can have a higher trade export and that fuels that country’s economy because it provides many jobs. Global currencies flow to that country as a result of their low currency rate. These countries are all of a sudden going to play nice because the IMF says so? I have my doubts. I highly doubt china is on board with this. Their actions over the last 10 years suggests otherwise. By the way this scenario further debunks the revalue of the Iraqi dinar because a higher currency will serve to restrict their economic growth from an industrial point of view.

Oil is sold in dollars. This is how Iraq pays for its international contracts that are given out to rebuild the country. There are not any companies that will accept dinar. This is mainly because it is a currency that is only used within Iraq itself. It is not a global currency. These companies don’t have any global use for the Iraqi currency.

The Petro-Dollar.

To understand what the Petro-Dollar is you must first go back to the Nixon administration. In August of 1971 Nixon removed the dollar from being backed by gold. This was called The Nixon Shock. This ended the current financial system which was call Bretton Woods that was set up in 1945 after World War II. Shortly after that event agreements were set up with OPEC.

Basically OPEC agreed to sell oil only using U.S. dollars. In return the United States would protect any nation selling oil in dollars with our military. They also promised to make any nation that sold oil in dollars rich. As long as dollars are used to buy oil the currency will be in demand. Oil is the factor. The dollar will begin to hyper-inflate and collapse when it will no longer be used to buy and sell oil.

The United States started to make invasion plans shortly after Saddam started selling oil in Euros instead of Dollars.

Even Barak Obama protects the petro dollar. If he did not do this then it would lead to an entire collapse of the U.S. economy. This would also result in a global collapse. Remember when Obama said Gaddafi must go


For better or worse here is my opinion. I don’t put much stock in a global reset simply because it does not serve the interests of nations like China. It is doubtful that they will comply. The dollar will collapse only when our military might diminishes. Once the OPEC nations begin to rely on other nations for military protection and when or if our military weakens due to lack of funding, then the United States will no longer be able to force the current Petro-Dollar arrangement.

It is highly doubtful that Iraq will begin selling oil in dinar without a collapse of our military and our economy. No so-called global reset can change this. I believe the U.S dollar could collapse, but it won’t be overnight. I think it will be gradual over time. I believe that eventually the dollar will be replaced by a new international currency controlled by the IMF.

Further Study

To research these things further I will recommend some articles that I wrote on my other blog that will point you in the right direction.

To understand Iraq’s oil industry read The Role That Oil Plays in Iraq.

To understand what is going on in China and how we got to where we are read The Real Battle part 7

To understand America’s currency and how we got to our current financial system read The Monetary History of America.

To understand the financial meltdown of 2008 and our current global financial system read The Rabbit Hole series.

Click on the links and resources in those articles to further your research.

Lies, Deceit, and Denial

I think most people lie because it is more convenient to lie. It makes you look like the hero. Who cares if it is not based on truth, It is all about the perception right? At least that must be the mindset of the gurus. It is harder to tell the truth especially when it puts your past statements in question. One reason for this is because the truth is not always well received. People judge you because you are messing with their comfort zone. They question your motives and find ways to discredit you. Anyone who has been truthful without agenda, impartial without taking sides has experienced this. Even though the truth brings conflict and it may be harder to tell there is freedom in it. There is bondage in lies and deceit. Yet I think that people sometimes like being in bondage or just maybe they don’t know they are even in it.

In my last article I talked about how pegged rates worked. I talked about how Iraq is using the U.S. dollar as a reserve for the dinar. I talked about the amount of currency in circulation and how the amount of reserve dictates the revalue. I talked about how they can’t raise the value of the dinar drastically without acquiring a vast amount of additional reserves.

The type of feedback I got was interesting be it email or comments. I was actually accused of working for the dealers. I get that a lot.  Apparently some people think I talk bad about the dinar in an effort to get people to sell their dinar back to the dealers so they can resell it to other people. I then supposedly get a kickback for dinar that people sell to dealers. Anyone who believes this has got to know that this is denial on steroids. At least on their part

So let me be clear about my stated goals and desires concerning the dinar so there are no misconceptions.

1. If you are considering making your first dinar purchase, It is my hope that the factual information on this site regarding the dinar currency will make you decide otherwise.

2. If you have the dinar it is my desire to inform you that you have been told lies in an effort to sell you more. These lies amount to nothing less than fraud! I will give you examples shortly. But in the very least I hope you do not buy anymore

3. I would like to see dinar sales totally and completely shut down by the US government. I would like to see them prosecute certain dealers who have a money service business license to sell dinar based on the fact that they are marketing it as an investment with no license to do so. In the process of this they are making false claims to increase their sales.

4. If you currently hold dinar it is my goal that you are informed. I hope you will come to know that you have been scammed so that you can decide for yourself whether to keep it or sell it while you are still able to do so. You can sell it back to the dealers or you can sell it on eBay. I really don’t care. You won’t be able to sell it to banks. At least this is the case for my area and surrounding states. I know this because I tried to sell to the banks first.

5. My final goal is to expose every lie that made me invest in this currency in the first place. If I can provide the evidence and proof for the lies that circulate within the community then that will help people to make an educated decision and avoid the purchase of the dinar in the first place.

So now it is time to expose a common lie that circles within the dinar community. Here is an indictment that was handed down to the BH group. Notice some of the things that are in this indictment. I am taking this word for word.

The “BH Group” was formed by BRADFORD HUEBNER to market and sell the Iraqi official currency, the “dinar,” to individuals as an investment.  The BH Group offices are located

BRADFORD HUEBNER filed paperwork registering the BH Group as a money service business specializing in the sale of Iraqi dinar.

CHARLES N. EMMENECKER is a self-styled entrepreneur who resides in Sylvania, Ohio. In recent years, CHARLES EMMENECKER has primarily marketed and sold a health­ related beverage described as “Xango.”    In August 2010, CHARLES EMMENECKER merged his direct-marketing business with BRADFORD HUEBNER’s dinar business, which BRADFORD HUEBNER and MICHAEL TEADT were operating. By this time, BRADFORD HUEBNER had allied himself with a Jacksonville, Florida based resident by the name of RUDOLPH COENEN, in connection with marketing two non-existent “hedge funds” to both the BH Group’s dinar customers, as well as CHARLES EMMENECKER’s Xango distribution list.

MICHAEL TEADT entered into a conspiracy with BRADFORD HUEBNER regarding the sale oflraqi  dinar currency in July 2010.

5.  RUDOLPH M. COENEN is a resident of Jacksonville, Florida and holds himself out as a currency expert and former Vice President at JP Morgan Chase. RUDOLPH COENEN has variously claimed to be a former Marine who was wounded in combat during the first Gulf War, as well as a Purple Heart recipient. In fact, RUDOLPH COENEN worked for JP Morgan Chase for a total of one day as an Account Executive/Loan Officer and not as a Vice President, never served in the first Gulf War, was never wounded in combat, and never received a Purple Heart. RUDOLPH COENEN was instrumental in developing materially false and misleading statements regarding the Iraqi dinar currency and in falsifying information regarding the two non-existent hedge funds.

14. BRADFORD HUEBNER, RUDOLPH COENEN, CHARLES EMMENECKER, and MICHAEL TEADT often discussed during weekly telephone conference calls with potential investors, Executive Order 13303 which they alleged to protect the right of U.S. citizens who invest in Iraqi dinar currency.  In fact, Executive Order 13303 protects assets of the Development Fund of lraq (DFI) and other Iraqi assets from legal attachments or liens.  The Coalition Provisional Authority created the DFI in 2003 in order to promote the transparent use of Iraqi funds for purposes benefiting the people of lraq. Any assertion that Executive Order 13303 promotes, protects, or regulates the sale of, or investment in, Iraqi dinar is false.

15. BRADFORD HUEBNER, RUDOLPH COENEN, CHARLES EMMENECKER,  and MICHAEL TEADT often discussed during weekly telephone conference calls with potential investors, the U.S. Department of the Treasury holding the Iraqi dinar, further alleging the Department of the Treasury held trillions of lraqi dinar for investment purposes. In fact, the U.S. Department of the Treasury does not hold any Iraqi dinar for investment purposes and holds only a nominal amount for use in daily operations. It was further the purpose and object of the conspiracy that BRADFORD HUEBNER,

RUDOLPH COENEN, CHARLES EMMENECKER, and MICHAEL TEADT and others known and unknown to the Grand Jury, would aggressively market the Iraqi dinar and the non-existent hedge funds, to the point where their customers numbered in the tens of thousands, both in the United States and in foreign countries, thereby greatly increasing gross revenues to over $24 million U.S. dollars in less than a two-year period. In addition, the Iraqi dinar gross sales were materially enhanced by the merger of BRADFORD HUEBNER’s dinar and hedge fund sales list with CHARLES EMMENECKER’s Xango distribution list.

Read the full indictment.


So here are two main lies that circle the dinar community and the forums.

1. The government has trillions of dinar and they are waiting for the RV

2. Executive order 13303 makes it legal to sell the dinar and the executive order protects the dinar.

So our proof that this is not true is the fact that the government is pursuing a fraud case in part based on these two statements! Let us add this to the other lies that we were able to debunk on this site.

Here are all the actual true statements that are based on the facts.

1. The dinar will not be used to sell oil.

2. The dinar will not be used to rebuild Iraq.

3. There has never been a Kuwaiti revalue!

4. The lower denominations for the RV are not already printed

5. The dinar will not be an international traded currency

6. Iraq is not reducing the money supply

7. The Dinar will not be a reserve currency

8. The US does not have trillions of dinar

9. Executive order 13303 does not make it legal to sell dinar and it does not protect the dinar holder.

I purchased dinar based on all these lies. You may have too. This does not make us suckers. It makes us victims. The factual information on these statements was not easy to find. It took me two years. If the government is successful in this case (and they will be) then I think the BH group will be the first of many other gurus and dealers to be called into account.

Now I would like to talk about just one more lie that the indictment addresses. Let me quote from the indictment itself

7.  The term “revaluation” (casually shortened to “RV” in dinar-sales parlance), refers to the contention that at some point in the near future, the dinar will rise against the U.S. dollar, a circumstance which will enrich earlier purchasers of the dinar. BRADFORD HUEBNER, CHARLES EMMENECKER, RUDOLPH COENEN and MICHAEL TEADT repeatedly advanced claims to potential investors over the telephone, through web pages, and through a weekly internet conference call that even relatively small investors in the dinar would, following the “revaluation” or “RV,” become wealthy overnight.

8.  A “redenomination” of the dinar refers to an actual proposal by the Central Bank of Iraq, announced as recently as June 21, 2011, to re-print the currency to remove three zeroes from the physical dinar banknotes as a matter of convenience. A redenomination of the Iraqi currency would not lead to a revaluation by the same amount, and may have no effect on the currency’s value. Under a redenomination, a new currency replaces an old currency, but the value remains the same. Under the proposed redenomination, the Iraqi government would issue a new dinar note that will be equivalent to 1000 current dinars. The exchange rate would be 1.17 new dinars to the dollar, equivalent to 1,170 current dinars to the dollar.

So according to the Federal Government, the dinar is not going to revalue or RV. It is going to redenominate! In fact the government is pursuing a major fraud case based on the fact that the dinar will never RV! What further proof does one need! THE DINAR IS A SCAM!!!!!

The Conclusion To The Matter part 2

The Iraqi Dinar Will Not Revalue Here’s Why

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.


Who owns and operates central banks?

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.

Where do we go from here part 2

Where do we go from here? Good Question

In the last post we looked at the well-oiled dinar machine. We saw how the currency auctions buy US dollars and release more and more dinar. We saw how dinar makes its way back to the United States and is sold for US dollars. These dollars flow the other way into Iraq as a result of the dinar sales. We saw how over time the currency supply has expanded and there is now 35 trillion dinar outside of banks. Their M2 is 69 TRILLION. We saw how Jordan owns a great deal of the Nation Bank of Iraq and that it was given to them after the invasion. Jordan paid 7.3 million for 49 percent of the bank. They were and are instrumental in bringing the dinar state side

We also see that US dollars make their way to Iraq as they are traded for dinar. Because of this Iraq’s currency supply keeps expanding. They have not reduced the money supply. It has grown by trillions since I have been in this. In fact, in March of this year Shabibi has released another 6.5 trillion in the money supply. We followed the money and exposed the lies. Documents can be found on the CBI website.

So now let’s talk about what exactly is going on over there and let us identify all the players. Let us talk about our first player, the central bank. By looking at our central bank (the Federal Reserve) we can better understand Iraq’s central bank. What is a central bank?

After World War II the global government expanded. Under the United Nations umbrella global organizations were started. The International Monetary Fund, IBRD which became the World Bank, GATT which became The World Trade Organization, all started shortly after the war




These organizations all worked hand in hand with the Marshal Plan.


“The reconstruction plan, developed at a meeting of the participating European states, was established on June 5, 1947. It offered the same aid to the Soviet Union and its allies but they did not accept it, as to do so would be to allow a degree of US control over the Communist economies”

Under this plan nations were rebuilt. A central banking system was started that was modeled after the Federal Reserve, and nations surrendered their sovereignty.

After the Invasion of Iraq the Coalition Provisional Authority (CPA) came in and set up shop. They were the temporary government in Iraq. They set up the central bank. Laws regarding the central bank are found in order number 56. Here are some of my observations from that order.

“Recognizing the problems arising from the former regime’s policies regarding governance of the Central Bank of Iraq,

Further recognizing the CPA’s obligation to provide for the effective administration of Iraq, to ensure the well being of the Iraqi people and to enable the social functions and normal transactions of every day life,”

“This Order establishes a safe, sound, and independent Central Bank for the purposes of achieving and maintaining domestic price stability, fostering and maintaining a stable and competitive market-based financial system, and promoting sustainable growth, employment, and prosperity in Iraq.”



Order 56 establishes a central bank separate from the government. It was also written into the Iraqi constitution that the central bank would be separate from the government.


“Independent commissions and institutions

The High Commission for Human Rights, the Independent Electoral High Commission, and the Commission on Public Integrity are independent commissions subject to monitoring by the Council of Representatives. The Central Bank of Iraq, the Board of Supreme Audit, the Communications and Media Commission, and the Endowment Commission are financially and administratively independent institutions. The Foundation of Martyrs is attached to the Council of Ministers. The Federal Public Service Council regulates the affairs of the federal public service, including appointment and promotion.”

Maliki and Alawai battle for the prime minister position. After the election in the first part of March they fight it out all the way to November over who will be the new prime minister. The Supreme Court of Iraq decides to move the central banks authority to the cabinet. This was in January of 2011



“A January 18 court ruling put several key independent bodies such as the central bank and election commission under cabinet supervision, arguing they should be answerable to the cabinet instead of parliament because their work was executive in nature”

In February of 2012 the amount of currency out of the CBI in circulation was 28 trillion 538 billion. In March of that same year it ballooned to 34 trillion 999 billion. So in one month Shabibi released 6.5 trillion dinar.

http://www.cbi.iq/index.php?pid=Statistics (click on the key financial indicators file)

Maliki tried to exercise the power given to him on January 18 2011 by the Supreme Court of Iraq. Parliament through a fit about this. They sent the cabinet a letter telling it not to interfere with the central banks policies



Maliki is being made out in the media as though he is trying to do a power grab. A vote of no confidence has yet to determine the fate of this government. In one corner we have the CBI run by Shabibi. In the other corner we have Maliki and the cabinet. And then we have parliament.





So we have an Iraqi government in turmoil. Even though Maliki was given control of the central bank by the court in January of 2011, He never exercised that control until Shabibi decides to release Trillions of dinar into circulation. The question still remains what is the game plan here?

The main reason I am going into detail about all this is because there are several guru lies that are coming out to pump the sale of dinar. Pumpers are taking the opportunity to sell more dinars as a result of the events overseas by lying to investors once again. I am not going to name names yet. I am just going to debunk the lies first.

1. The first lie says that if Maliki winds up controlling the central bank there is a 70 percent chance that they will not redenominate. Instead they will revalue the currency.

2. The second lie states that Maliki wants to control the CBI so that the government can have a more direct line to the IMF.

The truth is if Maliki winds up controlling the central bank then things will get worse for Iraq on a global level. This is because it goes against the IMF model of having an independent central bank. That’s what the CPA set up, and that’s what they want. That is what the NWO globalist elite want. They want a separate central bank so they can have better control of governments and their economies. This is why Russia denied assistance under the marshal plan. They did not want to surrender their sovereignty.

If Maliki controls the central bank then you kiss can WTO membership goodbye. The dinar will not be a reserve currency, and there will be other trade problems as well! Gurus will use this to try to say Maliki will enforce a revalue. This is just not the case. The one world government, aka UN, IMF, WTO, World Bank, will reject the dinar because the central bank will go against the model of independence.

If there is a vote of no confidence in Maliki without addressing his concerns of corruption in the central bank then that could create a split in an already divided government and the government itself may begin to fall apart and become an Islamic regime. These are all possibilities.


So let’s talk about the economics of all this

Keep in mind that the above video was up loaded to you tube a few years back. All the points Mr. Jagerson makes are still relative today


How would a Revalue work? If the dinar would go to $3.00 as some gurus claim and there is 35 trillion outside of banks? That would put a value on the dinar somewhere around 105 trillion US dollars. Anyone can see this is just not plausible. It is not possible for the dinar to RV to $1.00 given the current dinar outside banks. That’s a dollar value of 35 trillion. This amount is double our debt and it is triple our M2 money supply. Even an RV of 1 penny would bring a threat of hyperinflation as this would have an overall effect of expanding the money supply. That is a 1,000 percent increase in the currency’s value. This has never happened in History….. EVER! A Revalue is a policy decision just like devalue is a policy decision. It only affects peg currencies. Floating currencies adjust according to market demands. Pegged currencies like the dinar need to adjust from time to time.

Shabibi has always said that a revalue is used to combat inflation. It is what they do to control inflation. If the adjustment is too much it will have the opposite effect. The last revalue was just 4 pips 1170 to 1166. Slight movements are used to keep the currency in balance.


A redenomination is a whole different animal. I use to think that Iraq was not talking about redenomination when they were talking about raising the value of the currency and dropping the Zeros. After all how could Iraq do this with a 50, 250, and 500 in circulation? The basic Guru presentation is they will remove the 25,000 10,000, 5,000 and 1,000 notes. (The notes with three zeros) and then they will raise the value of the existing notes and introduce lower denominations. This will happen in one night as trillions of dinars suddenly rise in value. No one stops to consider the economic chaos that will come from this. Not only has an RV this big never happened before in history. This scenario has never happened before in history.

The truth is redenominations happen all the time. Reducing the amount of currency people carried, dropping the zeros, and raising the value is all redenomination language. When a redenomination happens a new ISO currency code is released. (AKA ISO 4217 Country-Currency Code) The ISO code is 3 letters that identifies the Currency for a country. For example, USD = US Dollar, IQD = Iraqi Dinar

In a straight across redenomination a new series of currency will be released and a new ISO code is issued. There is a trade in period or time frame when both series of currencies will coexist. Once the time frame expires the old series will no longer be valid. Every note in the old series will be taken out of circulation. If Iraq redenominates the 500, 250, and 50 notes will all be removed and will not be valid after the trade in period. Here is how a straight across redenomination will work.


One 25,000 note old dinars =                            One 25 note new dinars
One 10,000 note old dinars=                             One 10 note new dinars
One 5,000 note old dinars=                               One 5 note new dinars
One 1,000 note old dinars=                               One 1 note new dinar
Two 500 notes old dinars=                                One 1 note new dinar
Four 250 notes old dinar=                                 One 1 note new dinar
Twenty 50 notes old dinar=                               One 1 note new dinar

Keep in mind that the dinar further breaks down in units of fils, Kind of like our dollar breaks down into cents. This will be reflected in the redenomination process.

When there is a redenomination every old note will be pulled out of circulation. 35 trillion outside of banks will become 35 billion outside of banks. There will be no loss of value. Between 1960 and 2005 there were 70 currency redenominations. Some countries redenominated more than once. Since Redenomination has a historical precedence and the mythical RV of a 100,000 has none. Which one do you think Iraq is likely to do?

Terms like removing the zeros, raising the value, and LOP, carrying less money, Are all slang terms for redenomination. See for yourself. Check the links below. The problem here is Iraq, News organizations, and international governments are using redenomination and revalue interchangeably as if they all have the same meaning. This is where a lot of the confusion is coming from. While some of the articles declare a revalue of the currency, they really reveal and declare a redenomination process.




One More

At this point I have almost said everything I set out to say. I will only post an article one more time. This will be the conclusion to the matter. After that I will be done. I plan to move on with my life after this and move away from following the dinar investment. If you are holding dinar or you are considering investing, be very careful! The gurus and the forums will not tell you what is really going on. This is because they are all making money off of you believing there will be a mythical revalue.

The Truth About The Iraqi Dinar part 2

It was a hot summer day in the first part of July. The year was 2011. I have just read three news articles that shook the foundation of what I believe to the core. A year and one half was tied up into following and posting about the dinar. I wanted to talk more about global economics, but some people did not care about all that stuff. They just wanted to know what the dinar was going to do. Stop getting so technical Marcus. Just give us the dirt. There were two questions I was asked constantly. First one was when is the dinar going to revalue, and the second one was what is going to be the rate. The only problem was those were the only two questions I could not answer. The truth was no one could. But that did not stop people from asking. All I knew was this is taking way too much of my time. I am spending every waking hour researching this stuff and I still can’t answer the two most important questions. Now 18 months have vanished

By this time the revalue was an expected thing. It was not a matter of IF but a matter of WHEN. There were risks involved with this investment, but that did not stop anyone from thinking this was a sure thing. This caused a lot of friends of mine to over leverage themselves. People bought more than they should because they were told any day anytime. The dinar dealers were cleaning up. I even put a disclaimer on my site that told people to do their own research and I outlined risks. Most people just passed right over it. All anyone really wanted to know was exactly when they would be rich and how soon could they quit their job. This investment snared a lot of dreamers in their big wide net.

I missed my life. I am a musician. It seemed like forever since I played music on a regular basis. My playing began to go downhill. I needed to stop playing until I could recover from my injuries, but it had been months and I already returned to work a long time ago. So I hit upon an idea.

I would start another blog that had a broader title. I would move all my dinar research over there. I could write a bit more about world economics. I could just make the dinar a series. I never made any money off Iraq currency watch. Actually I was afraid to make money. I thought that if I made money then that would color my view and I would no longer be objective. Besides all that I was going to be rich anyway after the dinar revalues right? So I just started another blog and made the dinar a series and wrote more with a global focus. The big problem for me was finding a name. Everything was taken. It felt like I searched for hours making compromise after compromise. Try starting a new blog with a title with the words world economics or global economics and you will see what I mean. I settled for a title I did not even want, but I got tired of looking.

The plan was simple. Move all my research to the new site and shut down the old one. Write just a few more articles and return to my old life. the new blog would just be there for reference. It was intended to archive and correct all the errors of the last 18 months. My family missed me and I missed them. This dinar thing had consumed my life. Enough is enough!!!

The three articles I read really challenge me and I began to rethink everything. I went back to the drawing board




Yes these are redenomination articles. There is something that makes these different. There was a bill going through parliament concerning this. It talked about printing lower denominations. Sure enough there was a bill going through parliament and it talked about printing the new currency and adding Kurdish language and symbols.

Wait a minute….I thought the lower denominations were already printed. I thought they were going to release them any day. This is what Dustin called a forum fact. Dustin coined this word it means a lie that people take as fact regardless of what economist and news media say. The fact can only be found in the forums. The fact was I figured out in July of 2011 that the lower denominations were not printed and the legislation to print them was working its way through parliament. This meant two things; first the Revalue is a long way off if it is coming at all because they don’t even have the lower denominations. Second the bill going through parliament had redenomination language all the way through it. This made the redenomination plausible and very real for the first time.

I had this knowledge as I opened the other blog site. I just needed to get away. I already wasted too much time on this. I still believed in the investment, but I needed a clear head. I did not want to do anything rash. I did not want to rush to judgment, but I thought that this was not good. Not good at all!

There are people who get paid to hype this currency they make up all kinds of forum facts and post it on their sites and in the forums. Two really big lies are dinar will be sold for oil and the lower denominations are already printed. Another big lie is the dinar is needed to rebuild infrastructure. According to the bush administration oil revenue will be used to rebuild infrastructure and oil is sold in dollars not dinars. How are you going to get international contractors to come rebuild your country if you only have a currency that is traded only in your country? The answer is you’re not!!





Some people have taken this out of context and they said the bush administration said oil revenues would be used to pay for the war. This was a very popular revalue rumor. Unfortunately nothing could be further from the truth. So I challenge anyone who believes this. Find the sound bite. The media should have it. They would use it if oil was not used to pay for the war. Ok I will provide my own sound bite.


There are all kinds of misunderstanding and lies told to hype this thing and increase sales. There was an article circulating that said Iraq was going to withdraw 70 percent of the excess liquidity. People including myself believed that meant Iraq was taking 70 percent of the money supply out of circulation. When I was researching money I learned the real term and meaning of excess liquidity. It does not mean the entire money supply. It means an excess of cash held by a bank above what is required by the regulatory authorities.


This meant that they were pulling out of the excess cash that was placed by the CBI in banks. Not taking 70 percent of the money supply out of circulation. This could be electronic currency for all we know.

So let’s count the lies circulating in the forums that have been disproven just with these two posts

1. Dinar will be used for oil

2 Lower denominations are printed. ( you should know that there will be no revalue on the scale the forums predict without lower denominations!)

3. Bush said the war will pay for itself

4. A redenomination is not possible.

5. The CBI has reduced the currency supply by 70 percent

6. Dinar will be used to rebuild the infrastructure in Iraq.

7. The dinar is part of biblical prophecy.

The theory with the last one is dinar is needed to rebuild Iraq and Iraq is found in biblical prophecy. So since Iraq must be rebuilt they need dinar to do this. I understand the reasoning but they don’t need dinar to rebuild. Biblical prophecy also talks about a one world currency. I can tell you the dinar probably won’t be it. The one world currency and the mark of the beast will be something totally different from that!

These rumors surface and circulate the forums on a regular basis. The hype is “you invest because the dinar will revalue tomorrow and you will be rich beyond your wildest dreams. Better hurry!” These lists of lies are meant to promote the hype, and increase sales. You need to stop take a big breath and do some research. I am not saying don’t invest. I am saying don’t rely on the forums or guru sites for so-called Intel. Above all else understand the risk!!

There are people who post bogus information to hype sales in forums. These people are called pumpers because they pump and hype sales. If they are really good then they start their own website or forum and begin to predict rates and dates. Then they come up with an excuse why it did not happen. These people have been elevated to a status of Guru. It is important for a Guru to know the entire dinar lingo. DFI funds, Coalition Provisional Authority, CBI, Paris club ect… A guru has to think fast on his feet. Sometimes a guru won’t pick a day for the revalue. Instead he will pick a time frame, say the fall of a certain year, or during a certain month. But in the end all the gurus have been wrong so far. There are some web sites that reveal some of the cons these guys play. One of my favorites is


Here are a few more




Now I find out in July of 2011 that the redenomination is one plausible scenario. Of course I write about it on the new blog. I clean up all the old posts and get rid of the bad links and rumors. I do more articles on money and research money as a whole. I returned to music in September. I start playing and getting back in musical shape. In October I start playing out again. In November I begin to concentrate on a new music site. I began to make video and media for it. I spend a lot of holiday time working and with family. So now here we are into 2012.

I began to research a little in January of 2012 because I had some extra time on my hands. I began to look at Kuwait. I did key word searches. Basically I typed things like Kuwait+news+articles+1991. As a result I began to read through countless news articles from 1991. Way back when Iraq invaded Kuwait. I used different types of keyword combinations. What I found shocked me. Kuwait never revalued their currency! The central bank did not change the rate. As people fled they grabbed all the cash they could. When they got to countries along their border they began to exchange the Kuwaiti dinar for the currency they needed. This created a flood of Kuwaiti dinar in other nations. The value dropped on the black market because foreign banks and the people lost faith in the currency.

Saddam Outlaws the Kuwaiti dinar and it falls in value. He said that people needed to trade in their Kuwaiti dinar for Iraqi dinar before Oct 6 1990. When America begins to regain Kuwait the value rose again. It is important to note that this is not a result of the bank changing the rate. It is a result of the black market interpreting the news of the day. This is the same thing stocks do. It is the same thing that happened when Saddam tried to adjust the rate of the Iraqi dinar and said it was worth more than it was towards the end of the 80’s. But outside Iraq. The Iraq dinar was trading for less.

The important thing is the central bank never adjusted the rate below 3 dollars. In fact, The Kuwaiti central bank was occupied by Iraqis and they were not open for business! When America came to the rescue of Kuwait primarily because of the petro dollar agreement they kicked Iraq out. When the people regained their country everything was up and running just 7 months later. All the oil well fires were put out, and everything was almost back to normal. Kuwait redenominated. The only reason for this was because Saddam took a bunch of Kuwaiti dinar from the Kuwaiti central bank.

This is an entirely different scenario then what happened in Iraq. Kuwait’s currency was not expanded because of sanctions and they did not have a period of hyper-inflation. This completely threw me for a loop. I always thought and was told that what happened in Kuwait was going to happen in Iraq. Kuwait never had over a trillion in circulation. You see when it comes to any denomination going through a revalue the money supply is key. This is because there is a debt liability with a revalue. They can’t just say it is worth x amount. The government itself is on the hook for that amount. Money=debt and debt=money.






“Significant quantities of these notes were stolen by Iraqi forces and some have appeared on the international numismatic market. The “Standard Catalog of World Paper Money” (A. Pick, Krause Publications) lists notes with the following serial number prefix denominators as being among those stolen:

After the liberation, a fourth series was issued on 24 March 1991 with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country’s swift economic recovery. This fourth series was legal tender until 16 February 1995. Denominations were ¼, ½, 1, 5, 10 and 20 dinar.

The fifth series of Kuwaiti banknotes has been in use since 3 April 1994 and include high-tech security measures which have now become standard for banknotes. Denominations were as in the fourth series.”


So Kuwait redenominated because Iraqi soldiers took dinar from the central bank before they left. They wanted to redenominate to prevent Saddam from using those notes. It was changed out for a rate of 1 to 1. There was no revalue during the redenomination the rate was never altered. It fell in the black market.

Now I began to wonder about terms like revalue and reinstate. In all my research on currency and how it works I never researched this process. I started with the term reinstate. The only place I could even see anything about currencies reinstating was in the forums and on dinar guru sites. Currencies don’t reinstate! They float, and the ones that don’t float are pegged to the ones that do. This is how the system works. You would not expect a stock to reinstate on the stock market. Maybe they reinstate dividends but they never reinstate value. No currency has ever reinstated in value…EVER! Drivers licenses, insurance policies, Laws, and policy regarding stocks can all be reinstated. Currency values are not, and never will be reinstated.


The only place you can find this is in the forums and on the guru sites. Just do keyword searches on reinstate and currency. See if anything comes up other than the Iraqi dinar outside of a guru site or a forum.

So I began to research revalues. A revalue is a change in policy like devalue is a change in policy. A revalue only affects currencies that are pegged. They revalue or devalue a currency because the currency it is pegged to has risen or fallen. It can also be based on that nation’s economy, GDP and inflation factors.

The big thing here is there has never ever been a Revalue above 50 percent. It would be hard to find a revalue in history over 35 percent. This means that if you believe the dinar is going to go from 1166 to $1.00. Then you got to know that is over 100,000 percent. No currency has ever done this. Consider that as the dollar has gone down the CBI kept putting more and more dinar into circulation. So by 2011 there was at least 30 trillion in circulation. That is an incredible debt liability for a nation the size of Iraq to acquire if that currency revalues to 1 dollar. That is twice the size of our national debt. It is much more money in value than America has in the M2 money supply. Do you know what that would do to inflation in Iraq? If the dinar was all of a sudden worth just 25 cents tomorrow hyper-inflation in that country would soar through the roof.

This is because of a concept in modern money mechanics which states that a currencies value is determined according to how rare that currency is. In other words the more money in circulation the less rare it becomes and the more things cost.

All this seemed to be a nail in the coffin for the RV scenario. But the final nail came in February. I was on a conference call with some friends in skype. We went to the CBI’s web site. We downloaded an excel document. There was a document called Key financial indicators. It had a date of Jan 2012 It said Iraq had over 28 trillion outside of banks in physical money. Their M1 money supply is almost triple that of our M2. It is crazy to expect a revalue of even 1 penny under those circumstances. But let’s continue


Click on the link above and download this document for yourself scroll down to line 79 in the excel document. The one that is up there now is dated April 11th the information has updated. Now on that same line the currency outside of banks is 34 trillion 999 billion. Their M2 is now 69 trillion dinars…. WOW! Do you still think that they will revalue a currency to a $1.00.00? If they do then the entire world’s money supply will go way up. This will have a tremendous impact on hyperinflation. Rest assured if they do this then that rate will only be in Iraq as the currency implodes. I highly doubt that the rate will be honored outside of Iraq. Do you honestly think the IMF will allow Iraq to threaten the world’s economy in this way?

This is the final nail in the coffin for me. It is time to put this to rest. The Dinar is will not revalue above a penny with that much currency in circulation. If they want to raise the value of their currency then they got to shrink the money supply. The supply keeps going up! The only way in economics to shrink a base money supply that large is to redenominate. That is the only option. Money expands and contracts from the base money supply. But Iraq’s base supply is about as larger as our highest expansion. There is no revalue coming that will make everyone rich!

After seeing this for the first time I had to figure out my next move. I decided to bring back Iraq Currency watch and warn everyone who has read my blog. I felt a sense of obligation to warn my readers. For years I supported this investment. Now I needed to set the record straight and warn of the deceit that is rampant in the chat rooms. This is the same deceit from which I fell victim to.

I sold all my dinars and got completely out. Some people sell their dinar on eBay. I could not bring myself to sell this to another investor knowing what I now know. So I tried to sell it back to the local banks. None of the banks where I live exchange dinar anymore. At one point they did, but now they won’t even touch it. This was a big red flag for me. So I sold my dinar back to a dealer in one straight shot and took a loss.

The dinar itself has become a game of musical chairs. When the music stops anyone caught holding will lose. There will be a point when people will figure out what is going on. When that day finally comes you won’t even be able to give your dinar away. I will talk more about that day and why it is coming in the next post.

Now you know my story. Now you can make an informed decision on what to do next.