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JayP
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Posts posted by JayP
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THis is a list of what apears to be tradeable currency. Since the dinar is not a tradeable currency of course it would not appear on this list. I dont know if UST has Trillions of dinar or not. My point was simply I am curious as to how they are going to prove UST does or doesnt have dinar... Be very interesting to see this done to say the least..
Just because the dinar doesnt appear on a tradealbe list doesnt mean UST has this currency in reserve. ALso if you noticed other post did show the UST has enough dinar to cover exspences. What exspeneces are they covering? Since the Dinar is worth 1170 to 1 usd I am sure trillions is not unrealistic.. Going to be fun to find out just what they have and dont have...
I am not trying to be a legal analyst this is my thought proces and I am interested in learning what is going on so in the future I know what red flags to look for to better protect myself from scam artisits like this.
It is like the sabotage of the Iran nuke site... How do suppose that is happening Computer Virus key scientist killed, power stations blown up.. I am sure the US government or Isreal can neither confirm or deny it right... Just like people can prove the UST has or has not got trillions of dinar... It would make sense though since the USD in the tradeable currency in Iraq and they had to buy the USD with something or did we just give them all that cash for free??
Hello steveinfla.. On the contrary though, the IQD is in fact included in this. in the link, please see the third item down called "Oil Exporters 3/". Please note the "3/". Then look to the bottom of the page for the notes, and you will see what the "3/" is for. The note states:
"3/ Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria."
Iraq is specifically included in this combined total of 262.3 billion of currency held by the UST for these 15 nations.
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Hey JayP good to see you. Overall this is what to pay attention to, the boys in the dark alley with a dinar deal or any sweet deal you can't refuse. Run!
LOL!! Yes.. good point too.. Good to see you as well bud!
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Yes, the fact they finally admit it.
Well the fact that there is some Dinar for basic expenses was never in question as indicated in the link I provided earlier, however, there is only a grand total as of July 2012 of 262 Billion in currency for all of the currencies of Oil Exporting nations combined. This includes Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria currencies combined total.
The indictments also clearly state that they have been indicted for crimes they committed in providing false information regarding their backgrounds and facts regarding this investment, in addition to conspiracy to commit wire fraud and wire fraud, money laundering, and willful failure to file currency and transaction reports as you mentioned in your earlier post. It is important that we not overlook that crime so that we can all better educate ourselves as to who out there we can trust in this investment for information, and who we cannot....
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I am really confused. Is this stating that buying of physical dinars is a scam? Or are they referring to the buying of "reserves"?
The good news is that this is definitely not saying that the physical dinar is a scam, but the wire fraud, the hedge funds that did not exist, and most importantly, the Fraudulent Schemes and Artifices are the scams. Here is part of the definition that defines the crime of Fraudulent Schemes and Artifices:
"Any person who, pursuant to a scheme or artifice to defraud, knowingly obtains any benefit by means of false or fraudulent pretenses, representations, promises or material omissions"
"As used in this section, "scheme or artifice to defraud" includes a scheme or artifice to deprive a person of the intangible right of honest services. "
As stated in the indictments, the clear lies regarding their background, education, and experiances in this type of investment, as well as providing misleading, and untruthful information regarding this type of investment in order to get their customers and members of their sites and conference calls to purchase various products and Dinar from them certainly falls within the definition of Fraudulent Schemes and Artifices. This is where the scam commes into play, and where they found themselves in the hot water they are now in. As long as they received the Dinar, and that it was not counterfeit, the physical dinars are fine, but the manner by which they were persuaded to purchase it, as well as other products, or promises given that they will be able to cash it in even in the event of a redenomination is where they committed a crime.
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I am not an Attorney however as a former small business owner I had to file complaints in court to collect from very over due accounts ect ect.
Basiclly the Attorneys have filed a complaint in court. I have not analyzed the whole complaint but from scanning the complaint. Any info to the Dinar about RD or RV ect has come from news stories. There seems to be no other info or insider information that they are using. I am going to sit down and read the whole thing.
Now the defendants have to reply to the complaint and of course you will have the discovery stage. Going to be intersting... Plus I want to see what the complaining Attorneys come up with proof as to what the UST has or does not have for Dinar.
So far by the looks of things this may plea out.. But again I am not an attorney just my thoughts...
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
In this link you can see that there is obviously no "Trillions" of dinars that are in the US Treasury's foreign holdings. The indictment states that this was a lie that was being told to investors in order to persuade them to buy products from them based on false pretenses, hence the charges of fraudulent schemes and artifices..
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Is it just me, or is this implying that our our 25,000 note will be equal to a new 250 note? That would mean they are only removing two zeros off the note/exchange rate, implying an RV to .01 USD. I would assume that either the number of shares would be divided as well.
Just to clarify this some what they are saying is this:
"the process of printing new categories are 50, 100 and 250 dinars, and last category is equal to quarter of a million current currency and this will be the highest category to facilitate the transactions large"
250 will equal a quarter of a million current curreny which is 250000 dinars. Delete 3 zeros, from 250000 and you have 250.
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i just read this, and i want to say the way jay was being treated was completely uncalled for, and a disgrace, he might not agree with what we say on the pro rv side, but his opinion is as good as any, i know jay is a good dude, and just want honest debate, i feel this treatment is rude, and he should be valued as any member...... sorry jay
i think we would all agree that this investment isnt about who is right or wrong, its about the rv. i dont agree with jay's views, and he thinks im crazy, but people should be good to each other on this site.
Thank you for this comment Sonny1, it is nice to see that we can show how we can disagree, yet be respectful of one another. I think that this is critical to opening discussions where we can get to the real facts one way or the other
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GROUP HUG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ok....... Now does everyone feel better??????? GOOD..... MOVE ON.
Now, that is a fun and nice way to try and defuse a heated discussion rather than throwing more fuel on the fire. Good for you.. and thank you!! -
The point here, Confuser, is you should say goodbye now and join Jay P. and the other lopsters in your own tank....and stop aggravating us.
Your point is clearly blurred, because the reality here, is that I did not bring that topic up, so I am not sure where you are coming from here. I enjoy reading good, educated points and opinions from all sides, especially when they provide the details from which they are coming to their conclusion with. So, once again, because you have been given the green light to attack and bash by a staff member, you feel you can, so if you feel the need to do so, then I guess enjoy it. I would appreciate at least the respect of showing me where I brought this debate to the table in this thread...
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I've read this thread at least 5 times, and I can assure you, you asked for what you got. Stop playing the victim and take responsibility. You reap what you sow.
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Thank you for the helpful insight there Markinsa. I would like to know precisely what I did to warrant the need to take responsibility here? There are many members here, of many opinions, but are you saying as a staff member representing this site, that they are now on alert, that this site officially will allow attacks on people here if they have any information to share that may disagree or disprove something that certain members of preferential status say? If this is the official position of this site, then I think it would be fair that we call a spade a spade then, and just make sure that I, and all other members understand the rules here.
I was always under the impression that Adam Montana, and from what I have seen from Bumper's responses, that all views are welcomed, as long as they are respectful. I have not been disrespectful, and when I felt I may have stepped over the line, I have apologized.
I wish I understood what you are now taking a position against me for here, but it would be nice to know, because I have never shown you any disrespect.
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"Whine like a child" ???? You really take the cake. Everytime you don't like the way things are going, you say you have been "attacked", and you have accused me of "attacking" you. You do have a way with words, but your message is so Psych 101.
I have you on Ignore, but I had to read this post because I had a feeling I would see you "whining like a child" after Mrk's rebuke. Thanks! You didn't disappoint.....back to Ignore.
Carrello.. go ahead bash away now that you have a staff member supporting it. If that makes you feel better then good for you. The truth is, I may not enjoy being attacked, but as far as being proven wrong on anything, I have never once been opposed to it, and in fact welcome it. I have provided links to support my positions in discussions, and welcome any mature, and well thought out response with supporting details, regardless if it agrees with my opinion or not. If you do not like that type of discussion, then that is your issue, not mine.
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These threads are loosing validity. If we are going to go after each other - do it else where. If you want to make a comment off of the cuff, do it else where. I am all about a debate - but lets keep this as pertinent as possible.
Thanks.
I agree 110% .. A staff member decided to make sure I knew my place with Stryker, so of course those that enjoy bashing has to take the opportunity to jump in and take a free jab while they can since there is nothing I can do to defend myself, and the bashing is not based on any one particular topic I can defend myself on...
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Let me help clarify some things that are going on in this thread.
RVPleaseToday has the same IP Address as LotsofDinar. LotsofDinar was a known Lopster and he was restricted to the LOP Forum by Adam. LotsofDinar created a new account, RVPleaseToday and starts posting like he's a newbie. He acts all innocent posting newbie type responses so he can promote his LOP Theory which he knows will aggravate all of you.
Now JayP, you know you are suppose to confine your LOP Discussions in the LOP Forum. If you don't like being attacked, keep your LOP Opinions in the LOP Forum. Quit your crying. You know how most people feel about this investment and the reason why we are here. Everyone here KNOWS a LOP is a possibility, this is a speculative investment. ANYTHING is possible. So, go back in the LOP Forum and have yourself a little pity party about how we're treating you so bad and tell all of your buddies in there something new, like the CBI is going to LOP off the three zeros and we're not going to make any money.
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Wow.. well, the fact is I was attacked unprovoked when I said nothing to him, nor said nothing about a lop, just stated a fact that Stryker whines like a child anytime anyone disagrees with him, and especially if they show facts and links to support their opinion, and that does not apply just to a lop discussion. The truth is, I do provide that info, and have asked him to do so now since he has attacked me, something that he has yet to be able to provide, just as I said he would not be able to.
Markinsa, I was not aware of the lotsofdinar thing that you stated, but either way, I will show you the due respect as a staff member that you deserve for putting the time in for the site, so I will not argue with you. My apology if we are not allowed to correct Stryker when he attacks me or another member unprovoked as he often does, or when we disagree with something he says. Thank you..
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For what it's worth JayP, I have very much enjoyed and appreciated your perspectives and opinions regarding this investment. You have always carried yourself intelligently and politely while debating with those who do not agree with you... I too hope for the best possible outcome, although I choose to look at it from all angles. Thanks for all the links and discussion!
Thanks Footer.. that means a lot to me to hear that.
I sincerely hope that we, and many others can continue to share, learn from each other, and have open minded discussions as mature, responsible investors, and in the future maybe without unprovoked attacks that are unjustified, and useless in the big picture of the discussion... I also apologize to everyone if my response to Stryker sounded less than professional, and if so, I am in the wrong. I was just taken by surprise a bit by that unprovoked attack on me...-
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Don’t let people like JayP come in like his done here once again to try and stir the pot, 99% of the members here are in it for the profit like myself and everyone should know that it’s not what I was trying to explain the guy/gal but the other percentage sure took this opportunity to turnit around, I see.
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Stryker... what brought this on to drag my name through the mud here??? In my responses, I provide a level headed discussion and response, with links to show where my opinions are brought on by, to allow others to learn from them, or to read and dispute so that I may learn. You attack me for this???
Instead of twisting articles with nothing more than opinions, why don't you share the links where you have done YOUR research to lead you to believe that deleting zeros is a good thing for our investment sir. You never have, and I presume you cannot either. I have done so, so I think that as far as integrity, I can say that I have at least tried to maintain level headed and peaceful discussions, in spite of your repeated, unfounded, and irresponsible attacks of me. Share your information Stryker.. and if you don't then you have just proved my point... Show how educated you are about this particular topic since you act as if you are the authority on this matter here it seems.
Read up Stryker.. the details are all in here for you.. I will at least be big enough to share instead of trying to lead by telling people to give you blind faith....
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It is Year over Year growth..it is slower in December than November but still a significant growth of 19%.
Another thing to note, is that the Key Financial indicators show a growth in the currency outside the banks once more. While some are telling people that they have been removing the large notes from circulation for a year and a half now, as of Jan 2012, it shows a total supply of 28.035 Trillion in currency outside of the banks, up from 26.8 Trillion in Nov. 2011. This is not a good thing for our investment, but I am hoping that someone can show that this is not true, and the claims that they have actually been reducing that supply is in fact the truth. It did go down slightly from 28.264 Trillion in December 2011 though...
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Wow. I can't believe how rude some of the best people on this site are being to that guy. Yeah, he's in this for a profit. So am I. So is everyone I know.
RVPlease - You're not crazy. You did get jumped for no reason.
Unfortunately, anytime someone reminds people or mentions that deleting zeros does not benefit us, there are people that will attack them on this site for saying this. The truth is, he had a very valid concern, but unfortunately some do not believe that you should be allowed to say anything, or ask any questions that may bring to light the possibility of a less than desirable outcome for us. I hope for the best outcome for myself and all of my friends in this with me, but I do admit, I have had my fair share of beatings on here that I have taken for bringing up those same facts and concerns in the past as well, even when I provided detailed evidence to support statements made. It is just the way some people wish to go about this, and they prefer not to have anyone say anything that may take down the mood of excitement, even if it is not warranted..
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Ive read many opinions that iraq can or may be released from ch.7 at any time.
How is that possible before the next scheduled unsc meeting?
Without an official meeting with an official vote, how can we expect removal before the next meeting this summer?
With all the gathering of support iraq is trying to obtain is there still a vote to be made?
Would the unsc not want the world stage to announce such event themselves?
I really have no clue. thats why im asking. thanks for all comments
Maliki is scheduled to go to Kuwait later this month, and this is to discuss the outstanding issues with Kuwait, and will likely try to attempt to work out a deal where Kuwait would agree to work with Iraq bilaterally to resolve the outstanding issues. There was actually an article that came out just today about this:
"Iraq and Kuwait being the middle of this month and talks at the highest levels of dealing with a range of bilateral issues of mutual interest,
Where will the Prime Minister Nuri al-Maliki's official visit to Kuwait to discuss the files to remove Iraq from Chapter VII and file missing Kuwaiti prisoners and border problems and remedies."
These are the key issues, as well as the debt owed to Kuwait for the remaining 17B. In order to get out of Vii they would need to resolve all of these items, and complete the next 16 or so quarterly payments to Kuwait, which would take about 4 years. If they can get Kuwait to agree to work with them bilaterally, rather than through the UN, then maybe come the next UNSC meeting in June they will potentially see some progress, but it would be a hard sell since there is not anything to gain by Kuwait by doing this. They have openly expressed their concerns in the past about working with Iraq in a bilateral agreement without UN support, and fear that Iraq will not meet their obligations to them if they do not have the support and pressure of the UN to see to it that they do.
I guess we will see if Maliki does make the trip there later this month, if they can come to some agreements, and if it will help them in the next meeting where they would need to vote to remove Iraq from Vii..
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Is this in reference to the Lower denominations, and that they have not been created yet? If that's the case, then yes, it doesn't look like any revaluation any time soon since they would need the lower notes prepped to go on the streets. yeah?
Yes, if they were to delete the zeros, and follow through with those plans, they would definitely need to complete this step of printing and having the new unit of currency ready for exchange of the old notes. If they Rv though, and do not delete any zeros, then in that scenario, as long as the new rate is not so significant that it would render their currency useless, then they may be able to do it before, but if they were to change the rate so significantly, that it would render the current notes useless for normal day to day transactions, for purchases less than 50 Dinar, then I would think that then they would also need to have the new notes printed, unless they are willing to completely dollarize their nation where their people would not use the Dinar for anything, and would be completely dependent on the dollar. I do not think that they would ever do this, but there has never been a scenario in history where a nation would have revalued their currency so suddenly that this would have been a concern.
Simply put though.. my thoughts, are that one way or the other they would need to have new currency printed, unless they did not delete any zeros, and gradually increased their currency, creating new denominations to the current unit of currency they have now, slowly over a long period of time, but the key to this being successful for the purpose of our investment, is no deletion of zeros...
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Hello WM13.. Here are a couple of statements that talk about the new that "will" be printed. This is just an example of some things that I have seen when discussing the new notes. From the 25th of Feb:
"The new banknotes will be printed in Arabic, English and Kurdish."
"According to the agreements, the new bill will be printed by a European company"
http://www.kurdishglobe.net/display-article.html?id=3CBF63FA930E6C8FF6BBF1EDC3B7D027
21st of Feb:
"But now we have many ideas for the design of the coin and paper to reach a final form for the new currency, but it needs time to the multiplicity of designs and designers, the competition for features included in the currency »"
At this stage, it would seem they are still in the process of finalizing the design and features of the new notes that would be used, at least as of the 25th of Feb. Have they started printing since then, I cannot say, but I will say this much, the CBI did state that it would take 6 months to print the new notes. This was stated on Sept 3rd of last year when explaining the details of the detailed report submitted to parliament regarding their plans in the implementation of the deletion of the zeros.
What I would like to see now though, would be some evidence to disprove that this information is in fact false, and that they have in fact printed new notes. There are some "gurus" out there that have claimed to even seen these new notes, but anytime I have questioned, or asked for proof, and show things like this, they would never answer the question. Do you have any supporting evidence that the notes have in fact been printed though? If you do, that would be greatly appreciated by many here, and would put this question about the notes being printed or not already to rest, otherwise we should remain grounded and open minded about the facts in front of us..
Thanks!!I apologize, but I do need to correct myself on a date up above. I mentioned the date of Sept 3rd that it was mentioned about the detailed report that was submitted, but this was on Sept 8th of last year. Here is the quote and article:
""The Central Bank of Iraq handed the Finance Committee a detailed report on the process to delete the zeros"
"He Jubouri: "The process of switching the operation result of the deletion of zeros will cost approximately $ 150 million and Stsamar the switch for two years, including six months to provide the services necessary for the currency and a printer and a half years to change them gradually through the deal."
I just wanted to make sure I did not send anyone on a wild goose chase looking to verify information based on the incorrect date I mentioned, so I wanted to make sure I corrected and clarified...
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JayP
"The truth is, the new notes have not even been printed as of yet"
Show me that "TRUTH"
WM13
Hello WM13.. Here are a couple of statements that talk about the new that "will" be printed. This is just an example of some things that I have seen when discussing the new notes. From the 25th of Feb:
"The new banknotes will be printed in Arabic, English and Kurdish."
"According to the agreements, the new bill will be printed by a European company"
http://www.kurdishglobe.net/display-article.html?id=3CBF63FA930E6C8FF6BBF1EDC3B7D027
21st of Feb:
"But now we have many ideas for the design of the coin and paper to reach a final form for the new currency, but it needs time to the multiplicity of designs and designers, the competition for features included in the currency »"
At this stage, it would seem they are still in the process of finalizing the design and features of the new notes that would be used, at least as of the 25th of Feb. Have they started printing since then, I cannot say, but I will say this much, the CBI did state that it would take 6 months to print the new notes. This was stated on Sept 3rd of last year when explaining the details of the detailed report submitted to parliament regarding their plans in the implementation of the deletion of the zeros.
What I would like to see now though, would be some evidence to disprove that this information is in fact false, and that they have in fact printed new notes. There are some "gurus" out there that have claimed to even seen these new notes, but anytime I have questioned, or asked for proof, and show things like this, they would never answer the question. Do you have any supporting evidence that the notes have in fact been printed though? If you do, that would be greatly appreciated by many here, and would put this question about the notes being printed or not already to rest, otherwise we should remain grounded and open minded about the facts in front of us..
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I truely believe for some(on both sides) ego will not allow them the possibilty of seeing anything other than they're view. Thats not being realistic or open minded imo.
Thanks for the response! I can understand that. I do think though, is that when people make claims, such as the dinar outside of the banks really is not 27.6 Trillion, or that deletion of zeros does not mean a Rd, or that it will RV this month, or the notes have been printed just waiting to be released (some even stating they even saw pictures) if they provided some sort of proof, something of substance to support these theories, that would definitely go a long way with helping them see things other than their view of things. That would be the best thing to do so that they cannot feel less than positive about this investment. Personally, I believe that is the biggest issue that they take with things they read IMO... I can tell you that I personally look for verifiable information on anything people say to come to my own conclusions..
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The passion for both sides of the argument is amazing. But to argue so vehemently for less than the expected/hoped for result still baffles me,it's almost personal. Of course there is the argument made by some that an RD was their expected result, minimal gain over a period of time. To that I say hogwash. The majority here know there is a possibilty of a RD and have accepted that fact,but we look for ways for this investment to go our way. So is that wishfull thinking........of course it is. As a single guy I did'nt go out on dates thinking the worst, In sports I never thought I was going to lose. In business i've never thought about losing any of which i've been a part of. And I've never invested in a stock that i thought would fail. Now have I lost at some point on any or all of the above.......................heck yes.But I stayed possitive until the result was final always looking for solutions. Yes I'm an optimistic and look for the positives in life and have no place for negative people or thinking. Is this perfect.............no nothing is. But sure beats the heck out of always looking to disproove a possible positive. Being realistic as some here claim is not always arguing a negative. Best to all
I wish I could agree with you here, but I personally do not believe that just because I am not 100% confident of a positive outcome, does not mean I do not give things a try. If things don't work out, dust yourself off, and take the lessons learned from it. That is just how I live my life though. The thought process of thinking that is there is a chance for failure, or less than positive results means you should not try, well, that in my opinion is not a successful way to get through life.
That said though, I do not think that anyone argues "for" a less than expected/hoped outcome, but rather I believe what they argue for, is the truth. Realistic risks, are realistic risks, and it is Ok to feel positive, but not a good idea to ignore or lie to ourselves and others about the true risks in any investment, or life's journey in general. Those that use this investment to scam people by using false info, or un-supported claims, feed on those that do not understand the facts, and that is what I think those people debate about. Getting the facts out there, both good and bad is critical to any investor's best interests. I hardly think that anyone argues "for" a redenomination though, as we do not win when that happens.
Be realistic, but be positive about those things in this investment that we can truly be realistically hopeful and positive about...
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I have been in this game for a few years now and I'm not a expert on how currency works as far as how they come up with an RV rate, but I don't understand how taking three zeros for the currency would make what we are carrying worth more. Can someone please explain it to me. Sorry for the dumb questions just trying to understand.
To be realistic, deleting zeros is not a good thing for us, and would just mean that rather than a 25K note becoming worth $21.50, it would need to be exchanged for 25 new dinars that will be worth $21.50. The current 25K dinar (and other current denominations from 50-25K) will remain at the same value in this scenario, while all of the new units of currency would hold the new value.
The thing to remember though tammem72, is that this is just talk at this point, and the CBI has not made any official announcement that the plans to delete zeros have been approved, because of a number of concerns from the Gov't about corruption taking place in the Gov't, so this is a very good thing for us, and we continue to hope that they never implement those plans...
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Jax man arrested for Dinar Fraud
in Iraq & Dinar Related News
Posted
Not that this little hometown website is any authority on any currency investment, and they are just going by the details of the indictment, and the statements made by the prosecution of where this group of men misled people regarding this currency, but they are definiitely not out to curb any speculation in any investment that is for sure...