Why The Iraqi Dinar Will Never Revalue Part 2

podcast 7This is the second part of the discussion I had with Sam I Am as to why the dinar can never revalue like the gurus claim. Hold on to your hats and buckle up because now we are going deeper into this subject. We will discuss hidden strengths within the dollar that most people don’t seem to know about and we also talk about the reserves that back the dinar. What actually gives the dinar value? We have already learned that it is not oil.

59336-sam252822529If you are an investor and you were upset with the information in the last Podcast be prepared! This time your cage is really going to be rattled! Sometimes the truth is hard to accept, but we need to see everything in its proper place and in its proper role. So listen at your own risk and don’t shoot the messenger.

5575f-marcusWe will also go into gold and briefly cover the GCR. We will talk about conspiracy theories that keep this scam afloat. There are many aspects to this dinar scam and it is really a complicated mess. So now is your chance to get the facts. Most of this information can be found in my book The Truth About The Coming Global Currency Reset.

podcast 4Disclaimer

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Recorded on February 18th 2016

podcast 2Remember that you can meet us over at Dinar Daily.  Come talk with Sam or myself. Talk with all the Guru Hunters and get the facts.  If you want more information about the things we talked about check out the book The Truth About The Coming Global Currency Reset. If You want more information about gold and silver click on the Gold and silver links below.

Gold                 Silver

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.

The Dinar Will Not Be A Reserve Currency

I have read on various forums that people believe the dinar will be a reserve currency. Reserve currencies were first set up under Bretton Woods. This is where a country would hold a certain amount of another nation’s currency as a reserve to give that nations currency value and worth.

So does the dinar qualify, or will it qualify after the mythical revalue happens? How likely do you think it is that they will replace the US dollar (an over printed fiat currency) with the dinar (another over printed fiat currency) as a reserve in the event of a complete global collapse?

I have another blog that I maintain called Biblical Views and World Economics. It really has little to do with biblical views and more of a focus on world economics. I have about 4 years of research on global economics that is displayed through this blog. Lately I have been writing for that blog. I just finished an article called, The Monetary History of America. This topic is so important to our understanding of money that I decided to make this a page on the site instead of an article or post.

It is amazing to me how the bankers, central banks, and the money changers have been screwing things up for the last 300 years. There is a lot of doom and gloom with the economy and our current financial system. A lot of prophets are predicting the end of the dollar and the reign of some other standard overnight, but is this a practical point of view? Will the dinar be the savior of the monetary world like all the forums and gurus predict? Highly unlikely! In fact this is not at all possible.

Will the dollar crash overnight? Even if this was the case it is highly unlikely that the new standard will be another over printed fiat currency from a country with no infrastructure and whose entire GDP depends only on oil given the track record of such currencies.

So people are returning to real money. (Gold and Silver) Prices for these metals have soared as people stock-pile them and as nations add them to their reserves. The main reason people are stocking up on gold and silver is because they can see what is happening with the dollar. In my new blog page we cover the history of money in America. When you study this out some interesting things come to light. I will talk about just a few highlights here. If you want to read the whole thing just click on the link below


“James A. Garfield became president in 1881.Throughout Garfield’s extended Congressional service after the Civil War he fervently opposed the Greenback, and gained a reputation as a skilled orator. President Garfield advocated a bi-metal monetary system”.

Under this system the metal was the money and the currency was merely the receipt for the money.

“Ulysses S. Grant was our 18th president. There was a panic in 1873 which led to a depression for 5 years. People wanted more paper currency in circulation. The Inflation Bill was pushed through on April 14, 1874 to increase the nation’s tight money supply as a result of the contraction act. Many farmers and working men favored the bill, but Eastern bankers wanted a veto because of their reliance on bonds and foreign investors. On April 22, 1874, Grant unexpectedly vetoed the bill on the grounds that it would destroy the credit of the nation.”

“Stephen Grover Cleveland was the 22nd and 24th President of the United States. He is the only president to serve two non-consecutive terms. (1885–1889 and 1893–1897) In his second term the panic of 1893 struck the nation. The panic was worsened by the acute shortage of gold that resulted from the free coinage of silver. Cleveland oversaw the repeal of the Sherman Silver Act. At the time the repeal seemed a minor setback to silverites, but it marked the beginning of the end of silver as a basis for American currency.”

“William McKinley is our 25th president. He secured the passage of the Gold Standard Act”.

Every major currency left the gold standard during the Great Depression. This put and end to what is known as the classical gold era. Some of the doom and gloom prophets that are forecasting and end to the dollar are calling for a return to the gold standard. While this idea may have some merit, the gold standard did not protect anyone during the great depression and in fact the faster nations removed themselves from this standard the faster their economies recovered. (Sources and links provided from original article on my other blog)

The big mistake in my opinion was the removal of silver and that gold was the only metal used for money, or to back money. I think James Garfield had it right. A bi-metal monetary system would be better. But whatever system winds up replacing the dollar just know it won’t be like anything we had in the past. In fact I believe that when the dollar is replaced it will be a whole new system of exchange. Gold and silver will serve to protect people while the new system is being set up. That’s why prices are going through the roof. Fear is driving the market. Whenever people panic they always run back to real money. (Gold and Silver) paper fiat currency is not real money. It might as well be monopoly money. For now though, the dollar has value.

I don’t agree that the dollar will crash overnight like some people think. I think the dollar will meet a gradual demise. The indicator is oil. Two thirds of our currency is overseas and it is used to buy and sell oil. Since the dollar is the medium of exchange for oil, other nations secure the dollar by their oil supplies. It does not matter what quantity The Federal Reserve puts out. Although this weakens the dollar it won’t destroy it. When nations start to use some other medium to exchange for oil, then those dollars overseas will no longer be needed. When that happens most of all the foreign U.S. dollars will make their way back to the United States where they originated. When this happens hyperinflation will set in as there will be too much money in circulation.

The cause and effect of this will mean several things. First we as Americans will see a dramatic fall in our standard of living. America’s credit rating will plummet. And the economy will adjust accordingly. The adjustments will be gradual. Second, America could face a redenomination of its own. We should be familiar with this process after we watch what happens with the Iraqi dinar. Third, there will be a new global exchange that could move beyond the medium of fiat currencies, or the nations that held our debt will be the new reserve currencies. What will the new system be?


Who really knows for sure. What will America do when our dollar is no longer the medium and standard for the world? Simple, they will start drilling for oil here in America and tap America’s vast oil reserves that until now remain untouched. For more information on this, research the petro dollar and see its global impact. This is also talked about in great detail on my other blog about global economics. (BVAWE)