Every Lie Exposed (JPMorgan, Kuwaiti Dinar, Budget, Etc.)

Jul 4, 2023 #iraqidinar #fundamentalsoffinance

IRAQI DINAR REVALUATION: Each Lie Uncovered (JPMorgan, Kuwaiti Dinar, Finances, And many others.)

• My first 2 Iraqi Dinar movies had over 400 feedback, so I’ve heard nearly EVERY lie folks have been instructed to make them imagine it’s a superb funding. Now it’s time for me to debunk each single one in all them. At present we’ll be protecting all the things from lies in regards to the historic valuation, to lies in regards to the Kuwaiti dinar, to how they make it appear like it’s NOT a rip-off, and ALL the lies they inform you about why it’s going to go up. And in contrast to these different channels that promote the dinar, I used to advise funding professionals at Merrill Lynch, Morgan Stanley, and UBS. Let’s get into it. 

• The commonest query I get, and that is truly a superb one, is how can a forex be a rip-off?

o It’s a rip-off as a result of it’s bought with big charges on the false hope that it’s going to magically revalue up 1000x in a single day, which is unimaginable.

o And the way can these corporations be scammers in the event that they’re registered with the U.S. treasury? As a result of they register as “cash providers companies” to get across the laws that make it unlawful to promote an funding with out being correctly registered, which they’re not.

o They put out faux articles with tons of false info that tout the potential of the forex and downplay the dangers. All they care about is amassing their 20ish p.c charges. It’s a rip-off.

• They reel you in by convincing you that massive returns are proper across the nook. On June ninth, somebody instructed me it could occur on June 18. It didn’t. Then there was an enormous assembly approaching June 25. Then they mentioned July 2. IT’S BEEN GOING ON LIKE THIS FOR 20 YEARS!

o There’s at all times a subsequent occasion that’s going to be the set off.

o “The finances shall be handed on a a lot greater valuation, you simply wait.” “Okay the finances was handed primarily based on the identical valuation … but it surely hasn’t been signed but, it’s going to be amended.” In fact, the deadline got here and went, it wasn’t amended, and nothing occurred.

o What folks want to grasp is that it’s IMPOSSIBLE for a forex to revalue up 1000x over evening like they’re hoping. A rustic can’t simply CHOOSE to vary the change fee. It doesn’t work that manner. Currencies transfer primarily based on provide and demand, so with a purpose to transfer the forex, they’d must dip into their reserves to purchase a major quantity of dinar in a single day.

o They undoubtedly DON’T have sufficient reserves to push their forex as much as $3, and it’s VERY unlikely they’d ever even TRY to make use of them that manner. They want their reserves to take care of their peg to the greenback, and over the following few years they’re going to want even MORE of them to make up for his or her large finances shortfall. On the present oil worth, their reserves shall be gone in a couple of years, so I doubt Iraq would wish to burn by them any sooner than they must.

• That $3 greenback determine comes from the BIGGEST lie they inform, that previous to the battle, the Iraqi dinar was value greater than $3 USD.

o That’s false. The dinar was demonetized, aka made nugatory, and the CURRENT model was CREATED in 2004. It didn’t exist earlier than that. Right here’s what occurred. Earlier than the Gulf Struggle in 1990, the Iraqi dinar was value over $3 as a result of it was pegged there by Saddam Hussein’s autocratic regime. However after Iraq invaded Kuwait, UN sanctions stopped them from having the ability to bodily get the paper they wanted to print extra of the identical cash. However they needed to fund a battle, so that they NEEDED to print cash. After that, they’d 2 currencies. They created a NEW forex known as the Saddam dinar, which was WAY over-printed and went from a price of $3 to 0.03 cents. The previous payments turned referred to as Swiss Dinars and solely circulated within the Kurdish areas, which had been probably not managed by Saddam Hussein and refused to just accept the brand new forex. The Swiss dinars largely held their worth, for some time.

o As soon as Saddam was gone in 2003, they created the NEW forex that they use at the moment.

o What occurred to holders of the previous ones? Hear intently as a result of this