You heard right. The rate just adjusted again. It is now trading at 1190 to one U.S. dollar. Sam i am predicted the rate would drop a while back on a conference call. So with that in mind an updated conference call just took place. Topics include how far the rate will drop and the future of the dinar. Here is the call in its entirety.
Of course, many of the dinar holders on YouTube did not like this news. We have been going at it pretty hard and heavy in the comment section. Some of the commenters came back and deleted their comments when they realized we were telling the truth. One of the people who has been leaving comments is a guy by the name of haissemweneht. When we were talking about the strength of the dollar he had this to say
“Remember when gasoline was worth 1 dollar per gallon? The value of the US Dollar is 14 – 16 percent less than a few years ago. Now gas is 3 dollars. I would say that the dollar is worthless.”
This is total GCR propaganda nonsense and this is what these guys do. They confuse economic terms and rant like idiots! The big mistake in this GCR talking point is the fact that they are taking a nominal inflation rate and judging the strength of the dollar by it to make the claim that the dollar has lost global value. These are actually two different things blended together to look like one thing. They are comparing inflation rates with exchange rates and claiming the dollar is weak!
First, we are talking about the global value of one currency against another currency. Let me give you an example. When we were invested in the dinar it took 1166 dinar to get one U.S. dollar. Today it takes 1190 dinar to get one U.S. dollar. This means that the value of the dinar has gone down and the value of the dollar has gone up. In fact, if you research this you will discover that the dollar is a lot stronger globally than most people know!
We are not talking about national purchasing power. We are talking about exchange rates not Inflation rates! If we were talking about inflation then it would only be fair to compare the United States inflation rates with other inflation rates. Let’s take his gas example. Gas went over a dollar in the 1980’s. In 1986 Gas was about 1.18 a gallon. That was 32 years ago. Now let’s look at what gas cost in England 32 years ago and compare that price with today’s price in England. By this dumb logic we would conclude that the pound is completely unstable.
Every country has inflation. That is a side effect of a decent economy. When the economy goes bad you have deflation or worse, hyperinflation. All currencies lose purchasing power over time. Even the dinar loses purchasing power and it had hyperinflation during the 1990’s. He was comparing the inflation rate of the dollar with the exchange rate of the dinar. These are two different animals and it is a really bad argument. The dollar is strong compared to other currencies, not inflation rates.
This is the type of typical GCR nonsense used to sell precious metals and dinar gurus steal the same talking points. They need the dollar to tank in their presentations in a feeble attempt to make the dinar look like a good investment.
Just as a side note, look at the name of our commenter who was spreading this nonsense. The name haissemweneht is actually the new messiah spelled backwards! I don’t think I would trust anyone who has a name like that. Thanks to Nash for pointing that out!
Back in September, I wrote a post explaining why the dollar will not crash on September 27th, 2016. This date was selected within the Global Currency Reset crowd as a day of doom and gloom. The dollar is supposed to tank on that day and within the chaos, the global currency reset would cause gold to skyrocket. It would also cause the dinar and other overprinted currencies to revalue as the dollar plummets. So I took on the task of explaining to those who live in fantasy land why this is not the case. I supplied links and gave reasons why it was not possible.
Of course, as everyone knows, September 27th came and went and there was not any collapse in the dollar. In fact, the dollar went up in value on that day. The dollar continues to outperform every major currency around the world. I supplied links to show how strong the dollar really is and I asked people to set aside their conspiracy theories and search for the truth. As soon as the date passed a new date was set by these same people. The thumbnails were changed on every video on YouTube that said the dollar was going to collapse. Some of the pictures were the same but the new date was on the thumbnail. Comments were not allowed on any of these videos.
Many people who have fallen for this malarkey have urged me to wait. They predicted that the dollar is still going to collapse before the end of 2016. Some have said that it would collapse sometime in October. They point out things like the Chinese Yuan becoming part of the basket of currencies, or they believed that the election results would crash the stock market. As I pointed out many times, The Yuan is not going to drive every U.S. dollar out of the central banks around the world and china has their own set of problems. The Euro has its own set of problems as we can see with the Brexit and the European Sovereign Debt Crisis. Many of the Eurozone countries that use the euro are repatriating their gold from central banks around the world. Even Iraq exchanged all their euros for gold.
Welcome to another podcast From Iraq Currency Watch. In this episode, we will cover part 2 of our discussion that we had on July 16th regarding Dinar Corp and the guilty plea. We also cover an experiment you can do while you listen to this Podcast. You will need a computer with the browser of your choice. You will also need Microsoft Office or Open Office. Download Open Office from the link below. It is a free program and it can be used in place of Microsoft Office.
Iraq Currency Watch 