The Wealth of Iraq

In dinarland we often hear gurus talking about the vast wealth of Iraq as the reason we can expect an unprecedented revaluation of their currency.  Iraq has a reported 143 billion barrels of proven recoverable oil in their reserves, which would amount to over $7 trillion dollars worth of oil.  While that’s an impressive amount, I think we need to put it in context.  You see, their neighbor to the east – Iran – has 158 billion barrels in their reserves.  Canada has 170 billion barrels in their reserves.  Saudi Arabia has 266 billion barrels in theirs, and Venezuela leads the world with over 300 billion in theirs.

Now, let’s take a look at their currencies.

The Iranian rial is valued at $.00003, down from $.000033 in 2015 and $.00004 in 2013, despite all of the hype generated by dinar/dong/Zim/rial pumpers in recent years.  Okay, maybe their reputation as a renegade radical Islamic state has kept the rial’s value down, so let’s look at the others.

Canada’s dollar (the loonie)  is currently valued at $.79, up from $.76 two years ago but down from about $.96 four years ago.

The Saudi riyal is valued at $.266, just like it was two years ago and just like it was four years ago, because it’s a pegged currency on a managed float just like the IQD.

And then there’s the Venezuelan bolivar, currently valued at $.10 after the country has fallen into an economic crisis.  Four years ago the bolivar’s value was $.16 and five years ago it was at $.23.

So we can see from these numbers that oil reserves don’t determine the wealth of a country or the value of its currency.  Why would the US, with only 35 billion barrels in their reserves, have a higher standard of living and a more valuable currency than the others?  Because the country has a diverse economy, an educated populace, a strong military, a stable government, and an arrangement with almost every oil producing nation to sell their oil for USD.  Many countries use the dollar along with their currency, or they use the dollar exclusively and don’t even have a currency of their own.  Countries want US products and US services, and they need US dollars to get them.  When Iraq has all of the qualities with its economy that the US has with its, maybe their currency will have a value near that of the USD.  Maybe by the end of the century that will happen, but by that time the IQD and the people who own it will be long gone.

 

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ICW Podcast- Dinar Corp part 2

podcast 7Welcome 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.

https://www.openoffice.org/

As we sat down to talk about recent events over 90 minutes flew by. So instead of taking the whole conversation and putting it into a really long podcast I decided to split it up into  two parts. Each part will provide incredible insight to the dinar community. Those who are still in this investment should follow along with the experiment. So if you are still invested in this thing then tighten your seatbelt because things are about to get really bumpy. Just click on the play button and enjoy the ride.

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Recorded on July 16th, 2016

Connecting The Dots

Connecting the Dots (7/26/12)

Connecting the Dots II (9/9/12)

https://iraqcurrencywatch.com/sams-misc-files-bggpoppy/ (March 14, 2013 – Ivy Johnson and Dinar Corp owner (now indicted) Husam “Sam” Tayeh

The Indictment and Guilty Plea

http://www.cftc.gov/PressRoom/PressReleases/pr7206-15

https://www.justice.gov/usao-mdal/pr/illinois-man-pleads-guilty-wire-fraud-connection-sales-iraqi-currency

http://www.wmcactionnews5.com/story/32425959/illinois-man-pleads-guilty-to-wire-fraud-in-al

Defending The Faith

https://www.amazon.com/Defending-Faith-Word-Apologetics-ebook/dp/B00ULQEOJ6

The Truth About The Global Currency Reset

https://www.amazon.com/Truth-About-Coming-Global-Currency-ebook/dp/B00RYIY21Y

Economics BVAWE

https://bvawe.wordpress.com/economics-explained/

https://bvawe.wordpress.com/monitary-history/

Free Guitar Lessons

http://www.marcuscurtismusic.com/free-guitar-lessons/

Jew and Greek

http://jewandgreek.com/

Adam Montana Turns 40

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Happy Birthday to James “Adam Montana” Wolf.  Wolfyman turns 40 on June 27, which of course means that he was still 14 years old when Kuwait was liberated in February of 1991.  Which means that it’s extremely unlikely that he made any money on the RV of the Kuwaiti dinar (which never happened anyway), which means that he lied when he told people that he profited on the Kuwaiti dinar in his book “Iraqi Dinar: Real RV Intel”, which means he’s a fraud.

“Adam” made a name for himself in the dinar world as the owner of Dinar Vets, a dinar forum he started in 2009 with a bunch of disgruntled dinarians from Dinar Speculator (a dinar site owned by Rick “Medic” Mattson) where he had served as a mod.  Adam’s background was basically running a porn site and doing search engine optimization (which he apparently learned while running said porn site in a highly competitive market), although he likes to present himself as a well-connected world-traveling entrepreneur in his mid-50s who graduated from Harvard.

Since starting Dinar Vets he has written a couple of books.  The first was the one mentioned above (available on Amazon for $29.95), and the second was “Iraqi Dinar CASH IN Guide”, which is offered for free as it’s basically just a pitch for joining his VIP group for just under $17/mo.  In addition to the books and VIP group he has pitched an asset protection plan featuring offshore tax avoidance and OGIT (Operation Get It There), an unbelievable plan to move dinar to Belize undetected post-RV to avoid a hefty tax imposed by Uncle Sam on all of these new dinar bazillionaires.

I wrote a lot about Adam in 2011/2012 when I realized that he was in fact a dinar douchebag, somebody who claims to be graciously providing helpful services and products to the dinar community when in fact he’s promoting a scam.  Since we learned his true identity and made it known he hasn’t done any conference calls or interviews like he was doing previously.  Gee, wonder why?
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Anyway, happy birthday Adam.  Although it might not seem like it right now, in the end there’s no avoiding accountability and justice.  Hopefully before your next birthday we’ll have a photo of you doing the perp walk like your old buddy Rudy did before he rotted in prison.  When that happens rest assured we’ll be on it.
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Dave Schmidt’s Gold Heist

dave-schmidtIt was recently brought to my attention that Dave Schmidt, the former Washington state senator turned dinar guru, has a photo of a gold vault on his website where he says:
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“… we are moving into the new “Golden Age” where the world’s gold will be released for a shift and change to our planet and our world.  Dave has countless photos of this gold that is beyond most people’s comprehension.  This gold has been kept hidden from the public for thousands of years and is kept in custody by “keepers” at various locations around the world.”
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The photo accompanying the text is presumably one of those hidden gold locations that he mentioned, but it turns out that it’s actually a vault in the UK that was used as a dining hall during WWII. Seems Davie heisted the photo from a UK news site.  (Thanks to RamblerNash at Dinar Daily for pointing this out to me.)  The first photo below is a screenshot from Dave’s site, and the second photo is from a UK news article about the London vault.

Dave Schmidt gold

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Can you say “busted”?  Now, Dave might claim that he never stated that this photo was from the secret stash, but I think the implication is obvious.  Anybody reading his site and seeing that photo is going to assume that this is supposed to be a photo of one of those secret vaults.  But I’ll tell ya what Dave … shows us the real photos along with some evidence that this gold exists and I’ll drop the matter.  Introduce us to this nameless, faceless “ambassador” you’ve been talking to about the Dragon Family’s gold, along with some evidence that the Dragon Family actually exists and I’ll remove this post.  For that matter, make one prediction about something … ANYTHING … that proves that you actually have any information worth listening to and I’ll humbly apologize for all of the “nasty” things I’ve said about you.  In the meantime, you remain on my Schmidt list.

See this page for gold photos

 

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