Here we go boys and girls. The whole dinar thing is about to implode. The dinar scam is going to cave in on itself. At least that is what some people are promising. Someone sent me a link to an article called “Iraqi Dinar Revaluation – Strong Thoughts From Jack.” I thought it had some good information. People are beginning to wise up to this scam. The truth is now out there and I am no longer part of a minority. This article basically laid out the course of the whole so-called investment. I thought it was pretty truthful.
But the interesting thing to me was the comment section. I started to scroll through it and I came across a comment from a man called Zahlid. This is what he said
I WORK OR CBI AND BELIEVE ME THEREWILL BE NONE RV OF MY COUNTRIES CURRENCY,WE PLAN IN REDOMINATING OUR NOTES SAME AS TURKEY, IN FACT WE HAVE HAD TURKISH MOF WITH US DIRECTING OUR ACTIONS AND PLANS
I first thought wow what is going on here. I began to read through the rest of the comments when I discovered another post from Zahlid. This time he said,
THE REASON OUR RESERVES ARE GROWING IS DUE TO MISINFORMATION SPREAD THAT WE WILL REVALUE OUR CURRENCY WHEN IN FACT THERE IS ALSO TALK ANY EXCHANGE WILL BE DON INSIDE OF IRAQ ONLY SO OUTSIDE INVESTORS WILL LOSE UNLESS THEY CAN COME TO IRAQ TO EXCHANGE WITHIN A SET TIME DEADLINE,THIS WAS ALWAYS OUR PLAN AND IT WAS USA WHO ENTICED PEOPLE INTO THIS IN FACT THE PTB PLAN HAS WORKED WHERE OUR COUNTRY RESERVES ARE INCREASED TO MOVE FORWARD WITH REBUILDING FOR MY BROTHERS , I DO KNOW THAT CERTAIN COUNTRIES HAVE BEEN LOOKED AFTER FOR THERE HELP AND I FEEL SORRY THAT PEOPLE WILL LOSE MONEY AND FEEL BAD AGAINST MY COUNTRY WHEN THEY LOSE THERE MONEY,THERE IS TALK THAT FEB WILL SEE THIS RD AND ALL OUTSIDE DEALERS WILL NO LONGER SELL IQD OLD AND WILL BE UNABLE TO BUY FROM OUTSIDE INVESTORS BACK. MAY PEACE E WITH YOU ALL SHUKRAN
I thought wow this is what I have been saying for the last 2 years! This is what some of the wiki leaks documents on Iraqi banks revealed to me to.
Then Bagdad invest responded, he said
“Selam Zahlid. I think either the Iraqi embassy in America or the Central Bank of Iraq itself should write a press release once and for all and publish the truth because too many are getting hurt. You and I both know the truth but there are hundreds of thousands of people who think differently. Thanks.”
Bagdad invests also said
“Thanks for posting that. Just checked the IP of the person who posted it and it is coming up as Glasgow, Scotland so I think we can assume it is indeed false in terms of the persons position but the relevance is good but we can assume he does not work for the CBI.”
I believe the site where the article is posted belongs to Bagdad Invests. Zahlid responded by saying
“@BAGHDAD INVEST ,
CORRECT MY BROTHER WITH MY IP ADDRESS , MY FAMILY MOVED TO SCOTLAND WELL BEFORE SADAAM DESTROYED MY COUNTRY, MYSELF AS A FINANCE MINISTER FOR CBI
AND MY WIFE A DOCTOR WHO NOW WORKS FOR NHS SCOTLAND,I HAVE AN ADVISOR
ROLE WITHIN THE CBI AND TRAVEL CONSTANTLY ON BUSINESS WORLDWIDE FOR CBI
SO YOU HAVE WRONGLY DIAGNOSED MY AUTHENTICITY MY FRIEND,ALL THAT GLITTERS
IS NOT GOLD BELIEVE OR NOT MY FACTS ARE TRUE AND COME FROM WELL INSIDE THE CBI ANY MAJOR RV RETAINING OUR 000S WOULD BANKRUPT OUR ECONOMY WITH
THE AMOUNT F DINARS WORLDWIDE DUE TO OVERPRINTING SIMILAR TO THE DOLLAR
I HAVE NOTHING TO LIE ABOUT OR PROVE WATCH AND REMEBER MY WORDS I SPOE BEFORE RD= THERE WILL BE NO MILIONAIRES MADE OUT OF IRAQ CURRENCY REFORM
THIS WILL BE MADE CLEARER OVER THE NEXT MONTHS PRIOR TO ELECTIONS
Bagdad invests responded by saying
“Okay Zahlid. Lets see how it goes over the next few months. Shukran”
That’s good advice but finally here was a man who was saying what I have been saying all along. It did not matter to me if he did work for the CBI this man was validating my theories and he was the only person I have ever read that did so. This meant that I had to leave a comment. So this was my comment.
“I just knew it. I have been saying this for years. Iraq’s reserves are growing because the dinar is being exported. As dinar leaves Iraq it is exchanged for dollars. This is why their reserves have grown. As their reserves grow the bank releases more dinar. It really is about collecting the US dollar isn’t it? This was revealed in wiki leaks documents as well. (which I have) Zahlid would you be kind enough to answer a few questions that I have that have bothered me for the last few years
1. Out of the approximate amount of 31 trillion dinar that is currently outside of banks right now, how much of that is out of country? How much do spectators hold?
2. How far does this go up? In other words did Iraq discover that their reserves were growing as a result of foreigners being scammed by gurus and liars here in America? Or are they a part of the perpetuating myth?
3. Did they delay the redenomination knowing that their reserves were growing because Americans were buying dinar? Was this the reason for the delay?
Let me tell you people are being hurt by this. I spent the last 2 years debunking this and I got some pretty bad stories from people. My only hope is that all the gurus are rounded up and the American government prosecutes them all to the fullest extent of the law!”
Zahlid left one more comment he said
“I can concur that there are plans for legal action as have been on meetings and conference calls with
regards this, I CN TELL YOU CATEGORICALLY AY EXCHANGE WILL HAVE TO BE DONE IN IRAQ
THIS HAS ALWAYS BEEN THE PLAN, EVEN MORE SO NOW WITH THE AMOUNT OF DINAR OUTSIDEOF IRAQ,WE HAVE THE CAPITAL IN RESERVES NOW AND IT HAS BEEN PAID FOR
AND TOO BE HONEST OUTSIDE SPECULATORS ARE NOT OUR WORRY.THEY HAVE BEEN DUPED BY FALSE LIES FROM ALI BABAS AND I DO KNOW THESE PEOPLE WILL BE ADDRESSED WHEN THE TIME COMES, ALL THE DEALERS WILL SOON BE INFORMED TO STOP TRANSACTIONS AND WILL NO LONGER BUY BACK THE OLD IQD, THE NEW IQN
WITH OUR KURDISH LANGUAGE HAS BEEN PRINTED ND IS READY T BE DISTRIBUTED
TH TIMELINE I HAVE HEARD WILL BE FEB/MARCH ,IN IRAQ WE HAVE ALREADY STARTED
THE COUNTDOWN WITHIN CERTAIN AREA WHERE NONE MONIES CAN BE TRANSFERRED
OUT OUR COUNTRY AND ALSO THE BORDER SECURITY HAS BEEN STEPPED UP, BELIEVE
OR NOT I ONLY TELL YOU THIS AS I FEL I HAVE BEEN GIVEN A SECOND CHANCE FROM
PERJURY AND HURT Y CITIZENS OF BRITAIN TO REGAIN MY LIE FOR ME AND FAMILY AND DO NOT LIKE LIES THAT I SEE BEEN TOLD, THERE WILL BE NO RV OR RETURN TO OLD SADAAM DAYS OF OUR MONEY PEOPLES25000 DINAR WIL BE 25 DINAR WHEN RD,TURKEY IS OUR BROTHE WHO IS MAKING UR CURRENCY REFORM SAME AS THERES SO I ASK YOU NOT TO LOSE YOUR MONEY AND IF CAN TAKE BACK WHAT YOU CAN NOW BEFORE YOU HAVE SAND GRAINS
For some reason I think this guy is legit and if he is correct that means with any luck we will see this thing will come to an end this year. He says the redenomination process will start before the elections. He says people will be prosecuted. Well I guess we will just wait and see. I still question Iraq’s involvement with all this. If you want to read this article and the comments for yourself then click the link below
15 thoughts on “Dinar Update 4”
God will take me Higher Than I have ever been before! but they that wait upon The Lord will renew their strength, they shall mount up wings as eagles – they shall run, and not be weary, and they shall walk – and not faint. Beloved as The Lord elevates you to this high position – allow the eyes of your understanding to be flooded with light. Visualize yourself – nog where you are- but where God has taken you supernaturally. Total we’ll being – unlimited supply, complete provision, and super abundance are yours! Perk up The Best Is Yet To Come!
I have a relative who has fallen into this scam also and he conveyed to me exactly everything that ‘saneelucidations’ above said that her friend had said. They also directed me to CBI’s homepage where all the currency values have been missing for a few days, thus confirming that something is ‘going down’. Does anyone have any further comment on what may be going on here?
I will provide a simple solution that most pro RV people cannot explain. These are the steps
1. Pull up Google and type in central bank of Iraq.
2. click on the link and go to the CBI web site
3. On the left hand side of the site click on statistics
4. Click on the document that says key financial indicators. This is an excel document. Download and open the document.
5. Scroll down to line 79. it says A-currency Outside of Banks. The current number as of November of 2013 is 34,466,000,000,000 dinar outside of banks. Thats 34 Trillion with a T! That is their physical currency. They round to the nearest billion.
6. Line 86 reveals their total M1 money supply as being 71 Trillion dinar. Now this is back in October. The numbers for November and December are currently missing. This has happened before a few times. It does not mean they are going to start a revalue process. It probably just means they are updating their calculations due to errors. The last time I remember something like this happening was back in may of 2012. The numbers for a 2 month span were missing. They added them a few weeks later. Shortly after that I stopped following it.
7. Ok now just for fun go to Google and type this into the search “United States M1 money supply”. You will see that The U.S has about 2.7 trillion in physical currency. Now one of the main differences is our largest note is 100 dollar note and their largest note is 25,000 dinar note, but one thing that is obvious is that there is a major shortage of physical cash to support a revalue of the dinar even to a penny.
8. OK fine then if that is the case lets do a Google Search on our M2 supply. Type in United states money supply M2. Now we see a figure of 11 trillion counting our electronic currency. That is still not enough to revalue the over 70 trillion dinar amount to even 1 dollar
9. Ok lets throw in the M3 money supply and calculate all the debt because our debt is monetized and our money supply is expanded through the loan process. at best we will come up with a global calculation for our currency at 65 trillion. Now that is reaching a bit but I will give you 65 trillion. That is not enough to revalue the dinar the way that gurus claim it will revalue.
10. In fact, The United States currency is a global currency. Every nation around the world has our currency. About 2 thirds of our currency is exported and nations use it to purchase oil among other things, So you see that there is not enough currency to finance this revalue that everyone says is coming. People are beginning to figure this out and that is why this Global Currency Reset garbage is being pushed,
I would say that if numbers are missing and people think it Means something just maybe they are going to start a redenomination process. Share these facts with your friends and relatives. Just see if they can provide an explanation. It is a fact that Iraq has over 70 trillion dinar in their M1. It is not a made up number.
For anyone who has a friend who has been convinced of this hoax called the Iraqi RV these are hard questions to answer using logic and reason, but we all know how emotional people can get over this.
The one thing I’ll add to Marus’ reply is that there is no global entity that regulates currencies, its just the market. For currencies that are used in trade like dollars and euros, if you (well you as in a large financial institution) want to get more of either you go to the market (e.g. the forex) and look at what prices are being offered and buy some. For currencies that are not use in trade, like the dinar, the only market is that provided by the central bank (and its downstream banks). Any entity that has dinars for sale (or wants to purchase them) is going to check the CBI’s rate, as they are setting the market.
The whole “tiers” concept is silly since it would be a sort of short circuit in the currency markets. If you can sell dinars for some high rate of dollars yet still buy them at a much lower rate, you can in a very short time exhaust whoever you are selling them to of all their dollars. So its even worse than the nonsense of the RV in general where the reserves of the CBI can not possibly pay for it, as in this case the “it” is not limited to the money supply as those dinars can be circulated forever as long as you can buy low and immediately sell high.
Marcus. I appreciate your posts. I have a business associate who has some money sucked into the Dinar Revaluation. He sends me postings from the Dinar websites and I visit them as well. According to the Dinar websites…the revaluation is already underway. It has happened in a some countries. Tier 1 and tier 2 have cashed in which includes politicians and “elites” in the USA. The banks have set up call centers to handle the increased call volume for when the RV is announced. Tellers have been trained. The IMF, the WTO, the US Treasury are involved. There is increased bank security. I told him with this much activity there is no way it could escape the notice of the WSJ, Bloomberg Financial, the Economist, Forbes, the Financial Times, etc. I am reminded of the comedian Steve Allen recounting when his family fell for the War of the Worlds radio broadcast when he was a child. His family thought if they were going to die they should go to a church. So when they left their hotel room and made it to the lobby they noticed people reading the newspaper, nodding off in their chair, people checking in, and dance music on the radio. They then realized that if Martians had indeed invaded Earth and was destroying it, it would not be one networks exclusive.
Of course he tells me that the WSJ et. al. are in on this too and will not publish anything about this so as not to mess anything up less they get cut out of the riches! It is the Dinar websites are publishing the “truth”.
Revalues don’t work like that. The last time Iraq revalued it’s currency it went from 1170 to 1166. When that happened it was a global revaluation. It happened in every country at the same time all at once. Currencies don’t revalue one country at a time. Imagine the chaos that would happen in Forex if currencies worked this way? This would mean that anyone could predict the currency markets.
If I knew that a certain currencies value was going down because it went down first in a different country then I could get rid of that currency before the change came to the United States. If I knew a currency was increasing in value within other countries then I could buy that currency before the new value hit the United States.
So for obvious reasons currencies don’t work like that. When it changes value it does it on a global level all at once. It sounds like your friend has fallen for lies told by pumpers to increase dinar sales.
Hold up here Allen. IF you are saying what I am about to quote (your post made it a little hard to know what was you and what was you quoting others), then you are way off base.
“about 2 years ago the CBI posted and stated the the iraq dinar would go back what it was before the war before the war it was trading at 3.22”
If you want to claim this, then show the doc on cbi.iq . Instead what you will find on their history page (http://cbi.iq/index.php?pid=History) is that by the mid 90’s (years before the 2003-2013 war) the IQD was at 3000 IQD to 1 USD. You see the same thing on currency sites iike onanda.com . The idea that the IQD was devalued when we invaded in 2003 is pure pumper mythology and is total false.
You also say:
“the ICC and other Federal judge has stated it would be fraud, it is also aganist international exchange rules. this is about delete the 3 zero’s people that believe this crap don’t know what they are talking about.”
The “delete the 3 zeros” is simply a redenomination. Something like 70 of them have been done over the last few decades around the world and the articles from the CBI have specifically referenced some of those (e.g. Turkey) as providing a model for how Iraq is going to do theirs. Not only are they perfectly legal but since no one gains or loses any money clearly there is no fraud.
I am purely speculating here, but I would not be surprised if the anger level of believers goes up the nearer they get to understanding that they have been scammed. When they are in full blown Koolaid mode they laugh off those that are pointing out the reality of the situation. But as that reality sinks in they get angrier at those who are bursting their bubble.
i want to thank the person that posted this, it was a good posting. it shows how much more misleading info that is out there. too many people don’t question these posting they take it for what it is and they should always check it out before posting or believe anything this is why we have so many mislead people out there
from what i read in this posting is full of Horse Sh!t this is why i believe it Zahlid has never read the posting from the cbi. this is why i say this, about 2 years ago the CBI posted and stated the the iraq dinar would go back what it was before the war before the war it was trading at 3.22/1, the CBI. he made this statement:
1) “I WORK OR CBI AND BELIEVE ME THEREWILL BE NONE RV OF MY COUNTRIES CURRENCY,WE PLAN IN REDOMINATING OUR NOTES SAME AS TURKEY, IN FACT WE HAVE HAD TURKISH MOF WITH US DIRECTING OUR ACTIONS AND PLANS”
if he work at the cbi he would know this:
2) HE REASON OUR RESERVES ARE GROWING IS DUE TO MISINFORMATION SPREAD THAT WE WILL REVALUE OUR CURRENCY WHEN IN FACT THERE IS ALSO TALK ANY EXCHANGE WILL BE DON INSIDE OF IRAQ ONLY SO OUTSIDE INVESTORS WILL LOSE UNLESS THEY CAN COME TO IRAQ TO EXCHANGE WITHIN A SET TIME DEADLINE,
i agree there is a lot of misleading infomation being spreaded by the GURU’s i think they are idiots
exchanges will be made in country you see it i hate to tell him this, he is implying there will be a in country RV that what he is implying this is not true currency exchange don’t work like that nor do the forex,ex . Again this is also wrong “THEY CAN COME TO IRAQ TO EXCHANGE WITHIN A SET TIME DEADLINE” there is a lot of things wrong with this posting, i hope some of you that understand the market can see it.
3) he gotten his foot in his mouth again:
“ALL THE DEALERS WILL SOON BE INFORMED TO STOP TRANSACTIONS AND WILL NO LONGER BUY BACK THE OLD IQD, THE NEW IQN”
the IQN is not accept by any one this is a flat out lie. the IMF state other wise so do the WTO,CEB’s ect… i know because i have did the foot work and phone calls ecxt..
4) DAYS OF OUR MONEY PEOPLES25000 DINAR WIL BE 25 DINAR WHEN RD: the ICC and other Federal judge has stated it would be fraud, it is also aganist international exchange rules. this is about delete the 3 zero’s people that believe this crap don’t know what they are talking about.
the whole damm posting from Zahlid is crap
I understand your reservations about Zahlid. believe me I know. They are the same types of reservations I get when I here Terry K, Breitling or Okie. The only difference is Zahid is coming from the other direction. I only go by what I can verify. If I cannot verify it then it remains in the category of maybe or even myth. I question each and every time someone claims to have contacts on the inside of this Dinar RV Hoax! But in this case Zahid is saying the exact opposite of what all the gurus say, and some of the things he said I was able to prove on this blog with documentation. This is the thing that sets what he says apart from everything else.
Is he actually involved with the CBI? My gut tells me probably not, but all I got to go on is what he says about what the dinar is going to do. I am only judging those statements. I cannot go by someones alleged credibility because there is no way to verify it.
But lets examine some of your statements. “You said about 2 years ago the CBI posted and stated the the iraq dinar would go back what it was before the war before the war it was trading at 3.22/1, the CBI. he made this statement:”
I would love to see the source for this statement. I have torn apart every piece of the CBI website and I have never ever seen this. In fact they say the opposite.
“exchanges will be made in country you see it i hate to tell him this, he is implying there will be a in country RV that what he is implying this is not true currency exchange don’t work like that nor do the forex,ex . Again this is also wrong “THEY CAN COME TO IRAQ TO EXCHANGE WITHIN A SET TIME DEADLINE” there is a lot of things wrong with this posting, I hope some of you that understand the market can see it.”
Actually he is implying that there will be an in country redenomination not an in country exchange or revealue. This is redenomination language and it is not unheard of or strange.
“the IQN is not accept by any one this is a flat out lie. the IMF state other wise so do the WTO,CEB’s ect… i know because i have did the foot work and phone calls ecxt..”
Your right the IQN is not excepted by anyone. Again he is referencing a redenomination. In the event of a redenomination Iraq will need a new ISO code. He is saying that IQN will be the new ISO code once they begin the redenomination process. Right now that code is not being used.
“DAYS OF OUR MONEY PEOPLES25000 DINAR WIL BE 25 DINAR WHEN RD: the ICC and other Federal judge has stated it would be fraud, it is also aganist international exchange rules. this is about delete the 3 zero’s”
Once again this is redenomination language not revalue language. It does not matter what a Federal Judge says his rulings don’t apply to Iraq. Redenominations are not fraud. The fraud comes from dinar dealers who claim the currency will revalue 100,000 percent. For the dinar to go to a dollar that’s how much it has to revalue. If the dinar went to a penny it would be a 1,000 percent revalue! There has never been a revalue in all of currency history above 50 percent. This is why certain dinar gurus are now pushing this global reset garbage. It is an effort to bring legitimacy to a revalue that is never going to happen!
If you know how money really works then you would know that if Iraq revalued the way the gurus say then it would devastate the Iraqi economy. These are Zahlid’s points. I don’t know if his claims about being involved with the CBI are true. In fact I think it is unlikely, but his points on dinar are accurate like it or not.
Yes john I have some doubts about Zahlid as well. He may be a reverse guru of sorts. I don’t know anything about the guy. I found the article on Bagdad Invests to be very interesting. but instead of posting major portions here I posted the link so people can go see the article for themselves.
I can tell you that posting this made a few dinar believers mad. Just look at the above comment. See gurus make stuff up all the time. but when someone does it to them they don’t take it so well. They can sure dish it out……but in the end they hate their own medicine.
I don’t know if Zahlid is legit anymore then I know that a guru has the contacts he claims to have, yet their stuff is copied and posted everywhere like it is the truth. For me the red flag comes anytime someone posts on a public blog or forum that they have contacts in Iraq or they know someone who works for the CBI ect. That is the big red flag to me. but what do I know? I can only weigh the things being said not the supposed credibility that is designed to make the statements legit.
You would be surprised at how many people got mad over this post. I just copied and pasted the comment. I did not make it up. Go over to the Bagdad Invests site and read the article and read the comments.
One of the points I am trying to make is this community is falling apart and a lot of people are very angry and they should be.
I did include that the IP address was Glasgow, Scotland not Iraq. That also casts some doubts on the legitimacy of his claims. I really hope people go read this article and read through the comments. The division that has come up in this community is getting bitter. and now everyone can see it.
Here is one of the important lessons I have learned with the dinar investment. You can not use reason with someone who has not arrived at their point of view by using reason and logic to form their conclusions. They are just to emotional
Certainly the overall view that a huge RV is not possible is 100% correct. The exchange rate for a pegged currency is constrained by the ratio of the money supply to the central banks reserves. There is no escaping that simple fact. So Iraq could raise its exchange rate by maybe 15%, and this is good as there may come a time when they will need to do this to fight inflation (i.e. so even a modes increase of a few percent is not going to happen without an economic need).
However a few things make me skeptical of Zahlid.
* The RD can not currently be underway as Iraq has not obtained a new ISO code for their new currency which they would have to do.
* You can’t exchange dollars for IQD NOW outside of Iraq for the most part at banks, you have to go through dealers that physically ship IQD. I suspect the same thing will happen in reverse when the RD happens and the dealers will happily charge folks another 20%.
* The exchange period for a RD where both currencies are available, usually (and Iraq has talked about the same thing) lasts for a year or two or more. So the borders can not be closed for this long and IQD from outside Iraq will certainly flow in to get exchanged. They could do it faster, but since the reason for the RD is not that the current IQD is easily counterfeited, there is no reason that I see and a longer time makes it easier on Iraq.
* Buying IQD does increase the amount of reserves (USD) at the CBI, but it also increases the money supply so this does not actually improve the constraint I mentioned. The reserves are grown relative to the money supply (i.e. disproportionately to reserves ) by dollars exchanged for IQD by the GOI (oil revenue) at a slightly different rate than dollars are sold back for IQD for imports, i.e. the spread. So it is this constant flow through the CBI (dollars in from oil, and dollars back out for imports) that allows a tiny spread to increase their reserves in relation to the money supply.
* There are 85T IQD in Iraq’s M2. I doubt more than a few trillion IQD are in the hands of these deluded speculators so it might be 5%, so not trivial, but not a major factor that the GOI/CBI has orchestrated either.
So yes absolutely the RV is a myth, its a scam, a con, get out as fast as you can or better yet avoid it to begin with! Iraq is very likely to RD at some point, but its not certain and they can continue with their currency as it is, 000’s and all.
f*cking dickbrother. You talk about others taking the word of so called experts and you report this supposed CBI employee as knowledgable. F*ck you!
I think you missed the whole point of this post but bless you anyways
Comments are closed.