THE DEBT CEILING & RV HOLDUP

[Legolas]

THE DEBT CEILING ISSUE & RV HOLDUP

I'm fairly certain that the first part of Easy's recent post in the rumors section (Is the U.S. Really Holding Trillions of Dinar) was written by a vocal member of the "private" DV site. She made that post after claiming to have spoken to Boehner's office, and she probably did. But if you look at it, you'll discover that she, and many others are reading an awful lot into what they "interpret" the responses from these offices to mean. I have little doubt that many Senators and members of Congress are "aware" of the Dinar RV. They, like the banks, have now received many thousands of calls and e-mails regarding the Dinar. There's a big difference however, between being aware of it, and stating that it's real, or more importantly that the Debt Ceiling negotiations are holding it up. I haven’t seen an actual acknowledgement of either.

When I became a member of that DV site in March, 2009, it consisted of roughly 100 people who spent a lot of time researching and posting articles relating to all things Iraq, including its currency and those of others which had RV'd in the past. It was probably the most educational of the Dinar websites at the time. In August of 2010, Medic left the site for reasons unknown to me... I hadn't followed the site all that closely, and avoided the drama. Prior to that, Med, like many others, had allowed some of the rumor BS to be posted and even fell victim to believing some of it himself. How much he did, or didn't know I have no way of knowing, but since that time, he has apparently all but stopped allowing 99% of the rumor nonsense on his DS site, and he deserves some credit for that. After his departure, the DV private site began posting nearly ALL of the rumors, with new gurus taking over the site. I think membership there has since increased to more than 500, with an individual with the screen name "Nighthk11" being their primary BS poster since October 2010. If you read his 1,000+ pages of chats, you quickly discover that he's essentially a much more professional sounding version of OKIE - never right, but with a lot of conspiracy theory thrown in for good measure. Most of the members there seem to worship the ground he walks on, and several have begun posting anti-Obama rants, accusing him of everything from being a Muslim alien to being a criminal Socialist intent on bringing down the United States by purposely destroying our economy. They were totally convinced that he is personally responsible for holding up the RV of the Dinar. I had often called out the "Night" BS, but when they started attacking Obama with this latest unsubstantiated nonsense, one of them even stating that he should be "taken out," I went after them hard in several posts. While writing a final post asking that my name be removed from association with their website, not surprisingly or unexpectedly, I was quickly banned from the site. That move should be very telling for even the most ardent of the Kool Aid drinkers. Like those on many other sites, they don’t like to be questioned or criticized when you ask for explanation or proof to support their wild claims.

I guess the moral of this story is that there is a mounting pile of evidence which demonstrates that for at least the last 5 years now, most of the gurus, and ALL of the pumpers have at the very "least" been 100% WRONG in everything they've posted, and at "worst" they've "INTENTIONALLY" repeatedly posted false information with the likely specific purpose of selling BILLIONS upon BILLIONS of Dinars to an undetermined and continuously growing number of people (possibly as high as several million now according to Easy's post)) who are desperately hoping to make millions of Dollars from an investment of as little as $1,000. A few have invested less, and many have now invested much more. Many more are STILL buying. Countless people have been financially hurt by these people over the years. Many invested far more than they could afford to lose, believing the pumpers when they repeatedly claimed that the RV was "imminent" and there were only "hours" remaining to invest before it would be too late. Those of us who have been around for a while know that an untold number of members of various sites have lost jobs, homes, cars and money while waiting for this promised RV. We can say that it's their own fault for being foolish enough to spend more than they could afford to lose, but that doesn't change the fact that they were victimized. Fortunately, MOST of us will be fine, regardless of the eventual outcome of this long ride, but many others weren't as lucky. I've even heard a couple of stories of members who had died of heart attacks during my early days in the chat rooms, when everyone was convinced that they were moments from becoming millionaires, only to find that they weren't. Obviously we can't claim that these people died as a specific result of "Dinar mania." but we can't be sure that they didn't, either. We recently heard a story here of a guy who was seriously injured in a car accident while rushing to buy "last minute" Dinars. Once again - a stupid move - but would it have happened without the pumper BS? Probably not.

By now, I would hope that it should be completely obvious to virtually EVERYONE that our Dinar RV is little more than pure speculation. There is clearly no concrete "evidence" that it's going to happen the way most of us have been hoping - some for more than 8 years now. There is no concrete "evidence" that the U.S. holds 4 Trillion DInar. There is certainly no "evidence" to indicate that the RV is tied to the Debt Ceiling / Budget negotiations, or even more ridiculously, that President Obama is holding up the RV, or that he is attempting to destroy the U.S. If you watched his news conference at 6 PM Friday night, most if not all doubt about that should have been removed in the mind of any rational observer.

What we DO have concrete "evidence" of is that the pumpers/liars have been wrong 100% of the time thus far – literally thousands of times by now. There IS evidence that Iraq has an M2 of 59 TRILLION Dinars, and that there are at least 24-27 Trillion in circulation, with an IQD value of 1/10 of a cent. By way of comparison, we also know that Kuwait has an M2 of approximately 26 BILLION Dinars, and about 6 BILLION in circulation, with a KWD value of roughly $3.64. We've discussed the meanings of these numbers often enough now that it doesn't need to be done again here, but given the fact that we know that currency value is determined largely by units in circulation and M2, that comparison should be very telling.

My own purpose in posting, and I believe that of many others here, has been to attempt to convince people that they should do their own research, and exercise common sense in listening to ANYTHING posted on these websites, particularly by the painfully obvious pumpers/liars. Some of us have heard recently that there are finally investigations underway into at least some of the websites and posters. We have recently seen the action taken by the State of California, and a little while back by the State of Arkansas against specific dealers. Personally, I sincerely hope that there is a LOT more going on that we don't yet know about. I'm a former Detective, and can't begin to tell you how much I'd like to go after some of these guys after watching their crap for 3 years. An investigation of this nature would be difficult, extremely time consuming, and disjointed given the scope and number of States involved, but I have no doubt that cases can be made against many of these individuals for violations of various U.S. and State laws if the evidence I suspect may be out there is collected, and were someone to make the effort. I no longer have access to the resources which would be necessary to conduct an investigation of this nature, but would be more than willing to assist if anyone happens to be watching.

That being said, I'm also heavily invested in the Dinar and still hoping that we'll eventually see "some" kind of positive outcome with this investment, whether it be a straight RV or RD/RV. In all honesty, knowing what I do now, three years after starting this, I wouldn't do it again. But that doesn't mean that I'm totally convinced that it was a mistake. I can tell you that I'm 99% certain that the RV is not tied to the Debt Ceiling negotiations, and that Obama is not holding up the RV. I'm also 100% certain that no one should EVER believe a word that comes out of the mouths of the well-known pumpers and their many assistants. Obviously all of this is my own considered opinion. Take it for what it's worth, or leave it......I have no doubt there will be opposing opinions. That's one of the great things about this DV site - all arguments can be heard and analyzed, even if many refuse to support their particular positions. Keep up the good work gang. Maybe we'll finally know something "soon."

[N2DEEP]

Interesting thanks for the post!!!!

[lionfish]

Legolas, thanks for your input. I really appreciate it.

[quantumleap]

VERY WELL SAID,IHAD TO GIVE THE FIRST

+ ON YOUR POST........THE TRUTH IS THE LIGHT...

[HawaiianGal]

I always enjoy listening to what you have to say. thank you for the reminder!

[Nani?]

do you like copy and paste this once a month Legolas and then change it up a little bit... come on dude just give up already everyone is just going to think what they want and there is nothing you can do to change it. If people got in this with $1000 hoping to make millions then they aren't going to change that thought process until they get disappointed you can't save the world dude just sit back and watch to see what happens.

[bear]

Have to give you a plus on that. Very well put.

[gbrlgms]

THANKS LEGOLAS FOR THIS POST VERY OPEN MINDED.