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.



Those Wacky Annunaki

Dave-Schmidt 2Guru Dave Schmidt has gone from discussing private exchanges for the RV, to a global currency reset and prosperity packages courtesy of the Dragon Family in Southeast Asia, to interacting with the Annunaki.  If you don’t know who the Annunaki are, Wikipedia says they are “a group of deities in ancient Mesopotamian cultures”.  Some say that they are essentially the same as the Nephilim from Genesis 6 in the Bible.  Others make a connection of the Annunaki with UFOs.  This is where Dave comes in.

Last week Dave promoted an upcoming workshop where Michael Lee Hill will be participating.  If you don’t know who MLH is, here’s a brief bio.

Michael Lee Hill of Eastlake near Cleveland, Ohio is a musician, filmographer and UFO experiencer. He also claims to be an Anunnaki contactee. This 47-year-old rocker said over the years, he has developed an intuitive and benevolent relationship with these aliens. Michael said his UFO/alien experiences began when he was a child growing up in Eastlake, Ohio.

“My first UFO sighting was as a child, 8 or 9 years old. I was traveling in my aunt’s car and could see a saucer-type UFO right over the telephone poles. It was that low. Nobody else could see it. I thought that was odd. I was confused as to why no one else could see it.”…

Back to Michael’s meeting with the Anunnaki, he explained that they looked just like humans but when he first met them, “their faces became faceless, as if there was a shadow that tracked their head movements shadowing their faces. I have seen one Anunnaki individual look as if he had become translucent, as if his body was made from a very fine flame of some sort.” He added that he learned “from some insider friends” that the “Anunnaki are capable of projecting an image that they wants your senses to perceive in a way that will impress you and understand that he is ‘special’ and ‘superior.’ Given their higher cellular capacity, they are able to manipulate perceptual inputs into our brain, making things appear to be as they are not. But they do not have the capacity to shape shift.”

Michael said the “mind probing” on their part turned their get together into more of an interrogation. Then all of a sudden, “this leader figure became very excited stating, ‘Oh my god. You are one of us! How did you come to be here? We have been waiting for you to have a council meeting; we can do that right now if you please?’ I said regarding what? They said it would not be long until there would be another planet visible in our skies and they wanted to talk about what effect we believed this and the Anunnaki revealing themselves would have on humanity.”

Michael said the being sitting before him was “a king” of the Anunnaki and he assumed it must be Marduk.  “He went on to tell me that he was what is known as the Anunnaki and that I am also a part of this Anunnaki family, and it was a great synchronicity that I was ‘led’ there because now a meeting could commence between us all over a ‘change in Anunnaki leadership,’ and there would be a new time arriving for mankind and a new ‘game plan’ needed to be discussed. They told me the truth of the situation was that another members of the Anunnaki and I had incarnated into this lifetime as a humans in every way to be here for these changes. The Anunnaki Loki then intervened and said I have spoken with Michael already and he believes as I that humanity is ready for open contact and that humanity should have the chance to evolve into a galactic society, (that) they are ready.”

So now you know a bit about MLH and what you can expect from Davie’s “workshop”.  If you think listening to a guy who sees extra-terrestrials and who thinks he’s actually a modern day Annunaki is worth $129 of your hard earned money (not including any travel expenses to Sedona, AZ) then honest to God, I just can’t muster up any sympathy for you.  You have reached the point of no return.  You have gone from currency speculation to munching on magic metaphysical mushrooms.  You have popped the proverbial blue pill, never to grasp the red pill of reality again IMO.

When I started blogging about the dinar I was mostly addressing the shady backgrounds of various dinar gurus and the reasoning behind rejecting the “RV”.  But now, this is what we’ve come to.  This is incredibly sad.  People have taken leave of their senses to the point where they actually believe that their financial welfare would be well served by learning about secret gold stashed away by some Chinese “royal family” that will soon be handing out billions of dollars to worthy recipients, and by listening to a rock musician’s UFO hallucinations featuring ancient Mesopotamian deities.  This just shows to go you how empty this dinar RV well has become.

July Update

Hello again, and happy July 4th.  As we celebrate the 240th anniversary of our independence from England I am also celebrating the 5th anniversary of my independence from the gurus.  You see, it was their failed predictions of an RV in June of 2011 that prompted me to research the dinar for myself which is why I am here today. Hopefully Marcus and I will be able to help more dinarians to gain their independence as well.
As I’m sure you noticed, the dinar went nowhere in June.  That’s because the CBI (Central Bank of Iraq for the newbies) didn’t want it to.  They may have no choice before long, however.  The lower oil prices and the cost of fighting ISIS (not to mention the drop in dinar sales which was their #2 export) has brought about an economic crunch in the country, which could drive the dinar’s value down even further.  Look for another drop by the end of the year to around 1190:1.  If they even survive until then.  Take a look at this.

The International Monetary Fund has agreed to give Iraq a three-year $5.4bn bailout to help it manage the economic fallout of its war against Isis and low oil prices that have left a gaping hole in its budget.
The new rescue package, which the IMF said should be accompanied by assistance from other members of the international community, will require the government in Baghdad to implement unpopular cuts in public spending and other reforms at a time when the economy is already reeling.
“Iraq has been hit hard by the conflict with Isis and the precipitous fall in oil prices,” said Christian Josz, IMF mission chief for Iraq.
He added that the conflict with Isis had left more than 4m Iraqis internally displaced and was straining resources, while the steep fall in oil prices was “causing a large external shock to the balance of payments and budget revenue, which depend predominantly on oil export receipts”.
UN diplomats in Baghdad and officials in Washington say Iraq’s foreign backers are determined to get support to Iraq at a time when both the central government and the semi-autonomous Kurdistan administration in the north — both critical in the fight against Isis — look on the verge of economic collapse. With no money for repairs, several cities recaptured from Isis still lie in ruins.
However, Iraqi politicians privately said last week that the government may not be able to meet the terms of the IMF deal — which include fighting corruption and money laundering, as well as cutting subsidies and raising taxes.
Haidar al-Abadi, prime minister, is struggling to combat the patronage system, which has enriched Iraqi politicians since the US occupation of 2003. As well as facing rebellion from an elite struggling to keep privileges, Mr Abadi has been grappling with turmoil on the streets. Protesters led by Muqtada Sadr, a Shia cleric, last month ransacked parliament, demanding reform.
Last summer protests raged in several cities over shoddy electricity and water services. Politicians fear the unrest could return if they try to cut subsidies or increase taxes — especially if services do not improve.
Oil income used to account for 95 per cent of government revenues, but the price of Iraq’s oil has fallen from $103 per barrel at the end of 2013 to $22-23 per barrel earlier this year.
The low price, combined with continuing high public spending, has left a budget gap that the IMF forecast would reach $17bn this year, or 12 per cent of GDP.
To address the shortfall, the IMF has been working on a multi-billion-dollar programme with the government that includes participation of institutions such as the World Bank and G7 countries such as the US. In December, the IMF said it was lending $1.2bn to Baghdad,
Mr Josz said the IMF had agreed with the government on a three-year programme of economic and financial policies to bring spending in line with lower oil revenues and ensure the sustainability of debts. However, he cautioned that the measures would still need broad international support.
“The Iraqi authorities deserve the support of the international community in the implementation of these policies,” he said.
The new programme marks the third time in the past six years that Baghdad has turned to the IMF for help. A previous $3.7bn bailout expired in February 2013, and the Fund made a $1.2bn disbursement in July 2015.
And then there’s this:
baghdad bombing
The gurus won’t admit it but Iraq is on the verge of becoming a failed state.  The last thing on their minds is making Western investors rich by raising the value of their currency to an unprecedented level.  They’re just trying to feed their people, prevent civil war, and keep Iraq from falling into the hands of radicals.  Our government doesn’t seem too inclined to do much to help, so that’s a pretty tall order for Iraq to handle on their own.
You may have noticed that Dinar Daddy’s website is down.  It’s been that way for over a month now.  No idea why but as soon as I hear something I’ll pass that along.

As for ICW, we’ve got a few more videos to upload on YouTube and another podcast coming.  The other day Marcus and I had the opportunity to chat a bit with Nick Giammarino, from the Global Currency Reset YouTube channel.  Nick discovered the dinar “investment” in late 2013, and shortly thereafter discovered our blogs where he got the answers he was looking for.  He has a large following on YouTube and as a result he has a certain amount of pull in the dinar community.  So be looking for that.  Until next time.


June Update

   Well hello again, everybody.  Here we are in June of 2016 and still no millionaire-creating revaluation.  No Global Currency Reset.  No prosperity packages.  No Treasury Reserve Notes.  No return to asset-backed currencies that will allow Iraq to monetize the oil in the ground.  And no termination of the Federal Reserve or replacement of the US dollar as the international reserve currency, either.  And yet there are people who stubbornly cling to hope that the myths of the RV and the GCR will become reality.
   It doesn’t seem like such a long time ago, but it’s been five years since the dinar world was led to believe that the RV slated for 2010 was held up briefly and the drop dead date was the end of June, 2011.  Which brings me to something I want to share with all of you.
   Dinar Daily has a regular feature called “Five Years Ago In Dinarland“, where you can see what the gurus were saying five years ago about the dinar.  It’s a real eye-opener.  Check it out.
bluwolf   Last week I learned the name of a guru called Bluwolf that I have been trying to track down for over four years.  He is Miguel Angel Acevedo Ocasio in Arecibo, Puerto Rico.  This guy has been saying the RV is done as long as I’ve been busting gurus.  Here’s a little sample of what he was saying in 2011.
5-2-2011  Late last night dollar up oil down…Bin Laden last piece of the puzzle…this was the reason for silence.
5-4-2011  China stopped selling IQD today….that is confirmed from China. Banks knew a lot of info but couldn’t share much. Banker winked and says Close..VERY CLOSE
5-21-2011  my friend just called, his friend exchanged his iqd. for 3+ dollars. they gave him a receipt, to exchange in usa on tues he’s trying to get a copy of the receipt!
5-21-2011  friday 10:15 pm pst reset timer,sunday 5:15pm est revealed, monday 9:15am est seen in usa,,,,,,after 2:00pm est when all world banks are aligned anything goes. Screens are changing to green any moment now! Folks I see everything green at this hour and time! [be] EXCITED!!!!!!to the utmost…there are only 3 colors folks and yes it will go green on all bank screens first…
5-24-2011  There are 900 world banks & all are ready at this hour, there are no glitches, holdup is of political profile, spotlight issues, 72 hr thing [wait period] was already done, it’s in green so everyone is locked, loaded & ready to exchange.
5-30-2011  Seems that we are looking foward to wed. For cashin
6-9-2011  other than God, no one can stop it now…Alot of people will resign from the US economics team
6-11-2011  We will see 136 countrys come out at the same time…folks this is a big deal its not just Iraq…The imf, ust, un are all pulling in their last strings to get it all out…its happening as we speak
6-13-2011  I want to make clear it did rv on the 1st (June)…It rv internally (in country)…In country rv cannot double dip… now we wait for the international part…its a matter of 136 countrys and there alignments and this takes time… Imo today this afternoon (we can see this live on the cbi/forex)
6-15-2011  It is not in Iraqs hands anymore no matter what others say. It will just pop up on all bank screens as we speak… Period… the maliki, allawi b,,,,,s is just junk food dont go there… the gift is already here, just wait, for you shall recieve, all info so states it…any minute now. All banks are now ready just waiting to start your cashin
 6-16-2011  (via Cessie & Agent007) Sources in island have informed me any minute RV. Imminent. RV today, cashin tomorrow. $x.xx bank rate. For now take as a rumor…UPDATE UPDATE UPDATE…now confirmed
 6-17-2011  This thing will just appear, it (will) pop up at any instant ok so don’t break your heads who is going to say what, be prudent, we must monitor all banks to see if its ok to start cashing in…All banks worldwide are ready
6-21-2011  Iraq was promise(d) by Kuwait to be help(ed) out of capt 7, if Iraq promise(s) that it will rv alittle more or below Kuwaits actual rate… both Shabibi and Talibani vow to place Iraq to its original value before the war 3.33 no less than that.
6-22-2011  It will just pop up. Giving a date would be irresponsible of me. But rest assured, it will not go close to the 30th. Rates locked in and loaded.
6-23-2011  …all hands that have delayed this have stepped down, all will pop up now….period. My divine thoughts states it will be today…any second now…5.25 is locked in and loaded
 6-25-11  right now people are speaking of cashin today, I am checking out this rumor now…Remember its a rumor until confirmed…the rv is imminent, all other matter is different and not associated with the cashin wish(which) by the way should be underway soon…it is out of Iraqs hands…relax it will be in your hands very soon
6-26-2011  Ok the forex already has reconized the dinar, thats a fact not a rumor now, which means that it is on the global scale internationally…period,,,so pending release within hours
6-28-2011  All is in order now…IMF accepted them, they went international and the RV is imminent today till thursday…the rate is 5.25 period
   I realize that we all make mistakes, and we’ve all certainly made mistakes when it comes to the dinar.  But when you keep putting bad information out there on a regular basis day after day, week after week, month after month, and year after year with NO remorse …. well, you’re just a pumper.
bluwolf 2   While I’d like to take credit for tracking him down on my own, the fact is he pretty much outted himself by uploading a video where he announced that the dinar is international now.  When Ssmith at Dinar Daily posted that video I went straight to his YouTube channel and started from there.  Within an hour or so we had his Facebook page, his Google+ page, and lots of other information on him.  My buddy TNTBS tagged his Facebook page and in no time bluwolf’s video was removed.  Standard procedure really, but it was too late.  From there we were able to connect “Pastor Ed” Blais who does prayer conference calls and who is often mentioned on The BIG Call, hosted by Bruce Dawson whom we also recently identified.  Here’s a map of where he was in the video.
Estatua de la Liberdad

   Gurus beware!  The Guru Hunters are coming.  Hasta la vista, baby!!!