Okay, Seriously

[ewingm]

Rayzur,  It was sure good to hear from you again.  It is so refreshing debating with someone who "thinks"  for a change.  I don't agree with some of your premises, but that's what a debate is, right?  I agree that we can't always believe everything that comes out of the mouth of the CBI or FO, but we must be able to have some understanding of what's going on over there, and the CBI annual reports are as close as we can reasonably get.  The talking points of the CBI has always been centered on removing the three zeros from their currency.  Yes it is not easy, but tons of nations have done this successfully including Turkey, which the CBI has referred to repeatedly as a model.  THe ISIS issue is very troubling for any currency move by Iraq and I agree that if ISIS can pull off a gold based monetary system within its "caliphate", it will cause problems for a paper currency in Baghdad which is pegged to the dollar at 1166 to 1.

Edited November 16, 2014 by ewingm

[rockfl9]

Yes but their is nothing I can do about the Federal reserve

What a Ponzi scheme that is eh EW

Why did your generation let them get away with it?

Interesting comment from a fairly intelligent businessman??

What is wrong with the Federal Reserve?? Happens to be a model for central banks.

What would you like?

[ewingm]

He would like the big RV, like every other dinarian.  Why do you need to ask?

[rockfl9]

I meant instead of the FED.

Ewingn ::: Are you a paid DUMPER?????

[new york kevin]

Okay, Seriously ... something funny happened to me on my way to the lopster tank ...

[ewingm]

There is literally nothing that is of interest about the iraqi dinar, a third rate, hyper-inflated, geopolitically unstable, pegged, untradeable currency OTHER than the SCAM.  The scam is what makes the dinar continue in the forums.  When I say "scam", I'm talking about the 100,000% overnight millionaire-making RV, which is the ONLY reason any sane person would have bought the toiletpaper in the first place.  Yes, I said "sane" people, because the dinarian is a sane individual who simply got hyped by the deluge of misinformation that filled the forums back in 2008-2009.  It didn't help matters that some "prophets" fed this false teaching to the church population as well.  But here we are five or six years down the road from the "climax" point of hysteria and absolutely nothing has changed but the names of the corrupt politicians, money laundering, sectarian violence and now ISIS with its own gold currency, which will make the iraqi dinar really look like toiletpaper.  Most of the thoughtful posters on this forum have passed into obscurity, quietly sold-out, so as not to upset the "community", or just moved on.  In another five years, only the extremely deluded will still be around, which , unfortunately, represents my family.  Alas, such is the fortunes of life..

Edited November 16, 2014 by ewingm

[SocalDinar]

This is a SCAM

 

The Bretton Woods System worked well when the USD was as good as Gold.

Late 60s early 70s the world got wise that we were running deficits every year.  

Apollo missions and vietnam were expensive.

These other countries wanted out of the dollar and back to gold.

So Nixon unilaterally terminated conertability of the USD to gold.

Basically gave our Government a blank check.

Been running HIGH deficits every year since.  Look at the facts

Then we see inflation take over. Fed says 2percent is a good thing. WHY?

My grandfather raised a family of 8 kids and grandma did not work.

He was a small farmer in the midwest

Could you do that today?

When I was very young my mom did not work

Late 70s my mom had to start working. Very typical for many families.

Late 80s people were not able to save and keep the same standard of living

And in the 90s we BORROWED.

Fed says inflation was under 2 % last year  LMAO

Why do they lie Rock?  Because many gov programs are  also based are inflationary adjusted.

Save them Billions and Billions to lie to us.

So the US Government needs to borrow.

They sell UST bonds to the Fed which in turn sells along with the UST to foreign investors like China.

The money just appears "Poof" Print away

We buy our crud from China and pay with USD. If China put into its foreign reserves their currency value would surely reflect this.

They would lose an economic edge so they buy Junk UST - IOUs.  This is how they manipulate their currency down.

So now the US runs another deficit but now they also have to pay the interest from the year before.

SO THEY BORROW MORE!!!!

Where does it end. The Pyramid just gets larger and larger.

Eventually, I believe the pyramid will collapse. We will hyperinflate and the Worlds  first Worldwide Fiat currency system will fail

Every other fiat currency has eventually failed including seashells.

The Fed does not have the Gold IMO.

Why was Germany told they could not get their gold reserves back until 2020

Because it does not exist, Only on paper

The Fed manipulates the price of this paper gold by buying and selling.

Other Central banks follow the Feds direction.

 

This is not conspiracy. These are facts.

 

Just my opinion Rock.  I do not trust my local cops. I personally know and I am  friends ( kind of ) with the last 3 chiefs of police here. They are all just men and they are corrupt one way or another. Seen it with my own eyes.

 

So why would i trust my government the Fed or the numbers from the CBI.

 

Gotta Go I Brought home some friday paydirt and out panning in the backyard.  Looks like I hit a pretty good hole.

Edited November 16, 2014 by SocalDinar

[SocalDinar]

A year old article but still relevent  

 

 

After Gold Crash, Experts Point to Central Bank Manipulation

Written by  Alex Newman

 

 

 

In the wake of gold prices cratering in recent days, more than a few prominent experts have already started pinning the blame on Western central banks — especially the Federal Reserve and the European Central Bank (ECB). According to numerous analysts, the central bankers are desperate to salvage their fiat currencies and eliminate competition as "monetary authorities" continue to create ever-greater quantities of euros and dollars out of thin air.

Some experts, whistleblowers, traders, and former officials say the Fed dumped as much as 400 or even 500 tons of “paper gold” on the market — metals that it might not even have — as part of a naked short sale aimed at driving down the prices. Other analysts, especially among the establishment, pointed to the ECB chief’s recent suggestion that struggling European authorities in countries such as Cyprus would have to sell their precious metals to keep receiving bailouts.

Gold prices plummeted from above $1,550 an ounce on April 11 to below $1,400 by Tuesday, with April 15, seeing the biggest single-day drop in some three decades. Prices for silver witnessed similarly massive declines, dropping to below $24 from around $28 less than a week ago. Analysts referred to the plunges as a “blood bath” that triggered even more sell orders.

However, all of the economic fundamentals that sent gold soaring from about $400 an ounce a decade ago to more than $1,900 an ounce — wild currency-printing binges by privately owned central banks such as the Fed, for example — remain in play. Indeed, monetary authorities in the West have actually expanded their unprecedented so-called quantitative easing (QE) programs in recent years amid a supposed effort to revive the economy.

Economist Dr. Paul Craig Roberts, assistant treasury secretary during the Reagan administration and former editor of the Wall Street Journal, is one of many experts who argue that the recent collapse in gold and silver prices was carefully orchestrated by the Fed and a coalition of allied mega-banks. In a widely cited analysis of the recent plunge in precious metals entitled “Assault On Gold Update,” he said the U.S. central bank was “rigging all markets” — bond prices, interest rates, and of course, the bullion market.

The purpose, Roberts argued, is to protect the value of the dollar while the Fed continues adding to the supply of fiat U.S. currency faster than demand increases. If the dollar’s exchange rate were to fall, prices would rise, the Fed would lose control over interest rates, the bond market would collapse, and turmoil would reign in the financial system, Roberts noted. So, the U.S. central bank had to act. According to Roberts and other experts, it did so by selling “paper” gold that may not even really exist — naked short selling, in other words.

“Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate,” Roberts explained. “The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.”           

Ex-Goldman Sachs employee and veteran London metals trader Andrew Maguire, who soared to prominence after blowing the whistle on the Fed’s manipulation of gold and silver prices, offered a stunning analysis of what happened in the bullion markets in recent days as well. In an interview with King World News, Maguire said that more than 500 tons of “paper gold” had been dumped on the market on April 12 — the day gold prices started dramatically tumbling.

“It just amazes me how people concentrate on what’s happening in one paper market,” Maguire explained, adding that he expected a rebound in prices as shortages develop in the physical gold market amid massive central bank purchases out of countries like China, Russia, Brazil, and India. “I think we’ve reached a point of capitulation. I cannot see how the central bank buying cannot overwhelm all of these short sales, despite the leverage.”  

Former U.S. Treasury policy chief Roberts cited Maguire and agreed, pointing to “powerful” circumstantial evidence of Fed intervention in the gold market. However, despite dramatic central bank manipulation, the scam could be on the verge of coming apart at the seams, Roberts explained, citing strong signals that the Fed would not be able to come up with the physical supply on demand.

“Unless the authorities have the actual metal with which to back up the short selling, they could be met with demands for deliveries,” Roberts noted, pointing to the Fed’s bizarre decision not to send Germany’s gold after it was formally requested. “Unable to cover the shorts with real metal, the scheme would be exposed.”

So what does it all mean? “I see the orchestrated effort to suppress the price of gold and silver as a sign that the authorities are frightened that trouble is brewing that they cannot control unless there is strong confidence in the dollar,” Roberts concluded. “Otherwise, what is the point of the heavy short selling and orchestrated announcements of gold sales in advance of the sales?”

Of course, Roberts is hardly the only prominent expert expressing deep suspicion about what is going on in the bullion markets. Robert Fitzwilson, founder of the investment management and financial advisory firm The Portola Group, argues that what is happening is essentially a heist aimed at looting the wealth of innocent people worldwide — indeed, an act of “terrorism” perpetrated by the establishment against unsuspecting victims. 

“It is a robbery,” he explained matter-of-factly. “It is about taking that person’s money or other valuable items. The purpose of Friday’s mugging was not to send a message. It was about confiscating wealth through fear, and it worked beautifully. Untold billions of real wealth was forcibly transferred to concentrated positions at certain institutions and countries through this act of financial terrorism. It is not personal. It is simply about taking your wealth."

James West, publisher of the influential investment-focused Midas Letter, argued that the recent collapse in metals prices was actually the best example yet of how the Fed-sponsored “American Syndicate of Collusion and Manipulation (AMSCAM)” operates. “It’s as plain as the false U.S. economic recovery, and anybody who can’t see it should consider a lobotomy,” he wrote.

Simplified, West said, the scam works through an unholy alliance of mega-banks such as Goldman Sachs building up massive short contract positions in the futures market without executing the trades, putting up only five percent of the cash for the contracts. The Fed-backed bankers then get the establishment press to encourage shorting gold, pointing to an alleged “recovery” in the U.S. economy. Finally, the trade is executed; sending prices plummeting and encouraging holders of physical gold to start selling while the bankers “mop up” as the market craters. “Rinse and repeat,” West wrote of the scam. 

“The sheer intensity of the Friday gold assault is indicative of the depth of commitment by the members of AmScam’s group to the destruction of gold’s price correlation to economic and currency health,” he added. “This latest attack on gold is a direct response to the Japanese launch of its intensified $1.4 trillion asset purchase program. The move by the Japanese has notched up the currency devaluation competition, and AMSCAM realized that this move would drive investors away from currencies generally and into precious metals. This is a bald-faced attempt to destroy the appeal of gold as a safe haven against debased fiat currencies.”

Even as much of the “establishment” gloats about the crashing of gold prices — The New York Times’ discredited Keynesian “economist” Paul Krugman was quick to celebrate the news as a vindication of his radical theories — countless experts say now may be a good time to buy more physical metals at a discount. This writer attempted to purchase some today; the little store was packed and most of the bullion was sold out, including silver that had not even arrived yet. Indeed, the fundamentals have not changed: central banks are ramping up the currency printing, none of the systemic problems that led to the recent financial crisis has actually been addressed, and the economy has hardly entered a true, sustainable “recovery.”   

"It seems to me that what is intact at the moment is the determination of central banks to print their way out of trouble, which is terrifically bullish for gold over the long term," James Grant, publisher of Grant’s Interest Rate Observer, told Bloomberg in a TV interview about the recent crash in prices. "Gold is not so much a hedge against inflation as it is against monetary disorder.… I am indeed bullish on the stuff — bullish but chagrined."

Citing a wide array of experts, The New American magazine explained in detail how the Fed was manipulating markets, including gold and silver prices, in a 2010 report about how monetary authorities have essentially rigged markets in everything from stocks and bonds to bullion. “Central banks stand ready to lease gold in increasing quantities, should the price of gold rise,” then-Fed boss Alan Greenspan told the House Banking Committee in 1998. In other words, if gold prices go up, the central bank will make sure they come back down. The Fed has publicly admitted as much.

Even before Greenspan’s infamous admission, a “confidential” Fed document dated April 5, 1961, available in the Federal Reserve Bank of St. Louis’ archives, revealed the central bank’s hand in the metals market. “Monetary authorities in the United States ... have maintained the stability (and primacy) of the dollar in the international currency structure by standing ready to buy gold from, and sell it to, foreign monetary authorities who either need or acquire dollars for exchange purposes,” reads the paper, entitled “U.S. Foreign Exchange Operations: Needs and Methods.” The minutes from Fed “Open Market Committee” meetings showed the central bankers jubilantly admitting that even mentioning a possible gold sale would drive the price down. The Fed, of course, also admits that it is a privately owned institution.

As of noon Eastern Time on April 16, gold had rebounded by about $40, though even the most determined bulls say the price could go even lower. Still, numerous experts say it may be a good time to buy — especially if there really is a shortage in the physical market developing, as evidence and analysts suggest. Meanwhile, as The New American reported in February, 2012 saw a record demand for gold, with much of it coming from central bankers in BRICS countries.

"On the other end of this ripple [caused by the Fed dumping gold], almost the same amount of gold is being purchased by the Chinese," explained CEO Art Thompson with The John Birch Society, a conservative organization and affiliate of this magazine that follows the issue closely. "Those that have the gold rule; that's the way it is. Follow the flow of gold, you can see the flow of power — that is an ancient reality." He added that the establishment media was also pumping out articles aimed at getting average people to sell their precious metals, but the reality of what is going on is not being addressed.

The socialist and communist-minded regimes ruling the BRICS countries, meanwhile, recently signed their latest declaration calling for a global currency managed by the International Monetary Fund (IMF) that would presumably replace the U.S. dollar as the world reserve eventually. They also called for Third World rulers to have a larger role in the international monetary system. As they continue gobbling up gold at what strongly appear to be artificially depressed prices, the BRICS rulers may ultimately get what they want — at least if and when the dollar finally loses its prized status as the global reserve, forcing a complete redesign of the global system. In the end, if nothing is done, Americans will likely end up among the biggest losers.

http://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation

Edited November 16, 2014 by SocalDinar

[rockfl9]

Well SD , when are you moving ? Obviously You really don't want to cash-in when a RV happens you should keep your dinar, no?

Strange a lot of rich Asians are moving to the USA!  Must be a reason .. and  they swap their currency for DOLLARS.

I predict the USD  will remain the currency of choice thru this century....If not longer.  Even if SDRs gains popularity as Reserve currency, USD will be the big dog.

Dollar getting stronger.

The ECC  is a fragile union. The brits still use Sterling.

China may be forced to split up. 

World cup and Olympics will sink Brazil.

[SocalDinar]

Why America is NOT the greatest country in the world, anymore.

 

 

http://youtu.be/VMqcLUqYqrs

 

Caution some cursing!!!!

Edited November 16, 2014 by SocalDinar

[dinarbeleiver]

There is literally nothing that is of interest about the iraqi dinar, a third rate, hyper-inflated, geopolitically unstable, pegged, untradeable currency OTHER than the SCAM.  The scam is what makes the dinar continue in the forums.  When I say "scam", I'm talking about the 100,000% overnight millionaire-making RV, which is the ONLY reason any sane person would have bought the toiletpaper in the first place.  Yes, I said "sane" people, because the dinarian is a sane individual who simply got hyped by the deluge of misinformation that filled the forums back in 2008-2009.  It didn't help matters that some "prophets" fed this false teaching to the church population as well.  But here we are five or six years down the road from the "climax" point of hysteria and absolutely nothing has changed but the names of the corrupt politicians, money laundering, sectarian violence and now ISIS with its own gold currency, which will make the iraqi dinar really look like toiletpaper.  Most of the thoughtful posters on this forum have passed into obscurity, quietly sold-out, so as not to upset the "community", or just moved on.  In another five years, only the extremely deluded will still be around, which , unfortunately, represents my family.  Alas, such is the fortunes of life..

I think we are communicating with a paid shill to get us to sell up our dinars before the RV!

[rockfl9]

Hey DB , when was the last time you bought dinar from a real bank in the UK?????

Has anyone else been able to buy or sell to a bank???

[dinarbeleiver]

Hey DB , when was the last time you bought dinar from a real bank in the UK?????

Has anyone else been able to buy or sell to a bank???

last year 2013, they all suspended trading at the same time in February 2013. The manager I spoke to stated that they are waiting on an email to begin trading in it again!

[rockfl9]

I wonder WHO is supposed to send that email.?????  I'll bet it's Delta! 

[dinarbeleiver]

I wonder WHO is supposed to send that email.?????  I'll bet it's Delta!

you asked please don't take the proverbial pi$$ I thought we were being honest and nice to each other!

[rockfl9]

• 
• Platinum VIP
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• 188 posts

• LocationOntario canada

Posted Today, 04:57 PM

Just wanted to say thanks, i am not sure how long i can hold on. I have lost everything within a week.

Family gone, savings gone, house gone, and the list goes on. Yes it was my mistakes that have done

this to me, Just looking for a light anywhere in the tunnel. I am not a bad person, just not very smart much of the time.

If you have it in your hearts please send a prayer towards me. I am in a very dark place right now.

That is why i wanted to say thanks to Adam. Honest, straight forward, no games.

 

god bless and hope this works out for all of you

davis

 

This is what I expect to read more of in the coming  days, weeks , months! 

So sad

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Read more: http://dinarvets.com/forums/index.php?/topic/190812-praying-for-adams-text/#ixzz3JGvpUz4w

[rockfl9]

Too late to get some people to  realize they must sell their dinar to save their lives.. It becomes the last hope. The last opportunity. But that will never come. Like the crash of '29. we could get leapers . But at least today we have a good welfare system . 

[SocalDinar]

Welfare is a form of slavery Rock

Also violates the 14 amendment

It enslaves the poor and enslaves those paying for it

Edited November 17, 2014 by SocalDinar

[SnowGlobe7]

This is what I expect to read more of in the coming  days, weeks , months! 

So sad

Read more: http://dinarvets.com/forums/index.php?/topic/189110-okay-seriously/page-3#ixzz3JIGjKinK

 

I get the feeling you are blaming his purchase of dinar for his current situation....we do not know this is true. It is not our business but to offer the help he has asked for. 

 

Are you a praying person? If so please set aside judgement and offer prayers...if not at least do not assume.

[caz1104]

Rock/Paper/Scissors,

 

The above post illustrates why you are scum. To try to use someone else's plight to perpetuate your beliefs & agenda is sickening.You have sunk to a new low.

 

And to whoever that is that is down on his/her luck......................I wish you a light at the end of the tunnel. God Bless you and watch over you & your family.

Edited November 17, 2014 by caz1104

[rockfl9]

SG7 & Caz ::Your RV glasses have obstructed your ability to put 2 + 2 together.

This poor soul admits he has lost everything home family possibly even his job(?).BUT he is still holding onto his dinar waiting for AM's text.  Is that rational?

This story is/will be repeated I have no doubt , but  You wont read about most of them . They will just drift away.

[Jaxinjersey]

SG7 & Caz ::Your RV glasses have obstructed your ability to put 2 + 2 together.

This poor soul admits he has lost everything home family possibly even his job(?).BUT he is still holding onto his dinar waiting for AM's text.  Is that rational?

This story is/will be repeated I have no doubt , but  You wont read about most of them . They will just drift away.

At first I gave you the benefit of the doubt, that you were generalizing.   But, to prey on this individual is low.  You do not know his personal situation.   For all we know, he may have ONE 25k dinar note that he hopes will revalue.   I doubt cashing in one, or even a few notes, would make any difference to his situation.

 

And if that is the case... don't underestimate the power of hope and faith, and the comfort one gets from it...  even for the shortest of durations, it can get a person from point A to point B.

 

Davis.... hold onto your notes, and I wish you the best of luck... as I do for all of us.

[Shabibilicious]

Too late to get some people to  realize they must sell their dinar to save their lives.. It becomes the last hope. The last opportunity. But that will never come. Like the crash of '29. we could get leapers . But at least today we have a good welfare system . 

 

This coldness is uncharacteristic of you.      Never figured you for the type to kick a man when he's down.    

 

GO RV, and NO BV

Edited November 17, 2014 by Shabibilicious

[caz1104]

Jax,

 

I just find it deplorable to use someone else's circumstance to further his (Rock/Paper/Scissors) agenda. And he has the gonads to claim he's not a LOPster...............PLEASE. As I stated above............pure scum.

[dontlop]

Ever since he recieved his lopster tag his true colors are being revealed

He has no life that's the only reason he and Ewing are here