To all those interested in the end time transfer of wealth,
For the past two years I have been following events that I believe could be one of the transfers of wealth spoken of in James 5. I have been very reserved in my communication to everyone throughout all my tours and speaking engagements; but I feel this information is paramount for all to hear immediately. For the past two years I have spoken all over the country about the plight of the US Dollar. I have emphatically encouraged the substitution of U.S. Currency for Gold and Silver for both economic and biblical reasons ( Haggai 2:8 ). Most people have seen that Gold and Silver has risen in value. Although some speculative factors have caused a rise in value, the true reality is that the dollar is steadily decreasing in value and inflation is also destroying the value of the dollar. I know many of you have taken heed to the warnings that I and others have shared and taken the advice of purchasing gold and silver in the event of hard times (Proverbs 6:6). Those who have taken this advise I’m sure are pleased with the results.
Over the past two years I have also had my eye on some astounding Biblical revelations. My studies have led me in a new direction in preparing for the end times. I have kept this close to my heart and over the past few months I have begun to share these revelations with my close friends and family. The old adage (Proverbs 29:2- The rich rules over the poor) that the man who owns the gold is the one who makes the rules is also true in modern days. The U.S. is fast becoming a Godless country. The wealth must be transferred from the sinner to the just immediately and we must use the wealth to reinstitute God’s principals (Proverbs 13:22- …the wealth of the sinner is laid up for the just). I have shared that scholars have commonly looked at the rise of the Old Roman Empire to be a sign of the times; and that many have taken a literal view of this event while possibly missing the significance of the rise of Old Roman Empire. In reality the legal system in the U.S. is Roman Law. Black’s Law dictionary 6th edition defines Civil Law and Roman Law as Roman Civil Law. I have taught many of you to study both the etymology of words and to carefully read each word and study the definitions. The answer to wealth from generation to generation has been carefully orchestrated by those in power and the key to this knowledge is locked up in the language of money (Ecclesiastes 10:19). In recent studies I have found a potential new rise of the Old Roman Empire occurring right in front of our eyes in the form of a monetary system that finds its etymology in Rome and it’s geography in Babylon. In a recent study of the history of the Kuwaiti currency I discovered that when it formed its own currency it chose to name it Dinar. The etymology of the word Dinar found its origin in the ancient Roman Empire as recorded in the following passage:
“Lifting up His eyes, then, and seeing that a multitude was coming to Him, Jesus said to Philip, “How are we to buy bread, so that these people may eat?” This He said to test him, for He Himself knew what He would do. Philip answered Him, “Two hundred denarii would not buy enough bread for each of them to get a little.” (John 6:5-7 RSV)
Its important to remember that when Jesus Christ walked on earth the Roman Empire was in power of the known world. The currency of the monetary system was the denarii. After learning of the revaluation of the Kuwaiti currency which took place in 1991 producing wealth for investors virtually overnight I was lead to look into the Iraqi Dinar. Could this same wealth transfer occur again? You be the Judge. If you desire to find out more about the biblical aspects of Iraq and its position in the end times and about how its currency could stabilize the global monetary meltdown please give me a call Steve Thomas 404-391-2973. Below are some facts you may wish to consider.
There’s an event that happened before only THREE TIMES in modern history, and it’s happening again RIGHT NOW! It’s creating an incredible window of opportunity that major financial institutions and influential insiders are using to make many MILLIONS–even BILLIONS–of dollars and YOU CAN TOO! It may not last much longer, so I advise you to not waste any time taking advantage of it. It could literally end at any moment! At the end of World War II the German Deutsch Mark and the Soviet Russian Ruble went down in value to almost nothing. The same was true for the Dinar in Kuwait after “Desert Storm”. If you had purchased those currencies RIGHT THEN at rock bottom prices and then sold them later when the country regained its’ economic stability, you could have become an INSTANT MILLIONAIRE for just a few bucks! Well, that same circumstance is HAPPENING AGAIN RIGHT NOW IN IRAQ! Because of the conflict in Iraq you can buy Dinar inexpensively TODAY! You can buy a MILLION Iraqi Dinar for $1200 to $1300 based on volume! Please study the following Chart.
The US dollar is worth what it is because the US federal government SAYS it is. The World Bank takes the US government’s word for it and, based on the economic stability, assigns the US dollar an international value. Right now the central government in Iraq is nearing completion. In 2002, before the conflict in Iraq , the Dinar was valued at about $0.32 US! If you had 100,000 Dinar then you could have cashed it in for over 32,000 Dollars in US Currency!!! Although the Iraqi Dinar is still good today in Iraq and its citizens are using it to buy and sell daily, its international value right now is only about a fraction of a US penny! Many economists believe the Dinar will return to at least its 2002 value level in the near future!
The New Iraqi Dinar
The Iraqi Dinar is the legal currency of Iraq . Prior to the 1991 war the official rate of the Iraqi Dinar was approximately 1 Dinar to 3 US dollars. The currency’s value significantly dropped after the 1991 invasion and United Nations embargo. The value of the Iraqi Dinar has since appreciated from lows of approximately 3,000 Dinar’s per US Dollar to between 1,170 and 1,200 recently. The old Iraqi Dinar issued prior to October 2003 showed the image of Iraqi President Saddam Hussein. Following his removal in the 2003 invasion of Iraq , the Iraqi Governing Council made public display of images of Hussein illegal. In an effort to feed the Iraqi economy, the Office for Reconstruction and Humanitarian Assistance began printing more 250-dinar notes. Saddam Hussein appeared on all post-war Iraqi Dinar banknotes, aside from the reprinted “Horse head” 25 Dinar note. In October 2003 the United States occupation administration authorized a new banknote issue comprised of denominations of 50, 250, 1000, 5000, 10000, and 25000 Dinar. A 500 Dinar note was issued in October 2004, and notes of 25, and 100 Dinar are anticipated. These new notes replaced the old Dinar of Saddam’s era and have quickly been accepted. The new Dinar is more secure unlike the easy to counterfeit old Saddam Dinar. It has many visible and invisible security features that are virtually impossible to fake. This new and secured Dinar will undoubtedly provide a stable foundation for Iraq ‘s future economic growth.
Why Invest in the Dinar?
Read a few of the many factual and expert analysis and findings by notable economists, economic publications, government heads and more – about the current and future trends of the Iraqi Dinar. Iraq holds the second largest oil reserve in the world, with 95 percent of Iraq ‘s revenue coming from exported oil. Combine that with the continued rise of oil prices and you have the makings of a strong economic comeback. The Iraqi Dinar has also managed to appreciate in value from its all time low of 3000 Dinar to one US dollar to the recent level of between 1200 and 1170 Dinar to one US dollar. Before the 1991 war it was 1 Dinar to 3 US dollar. Keep in mind that the new Dinar has only been in existence since October 15th 2003 . The monetary system established by the new government encourages foreign investment, a key to developing a strong economy. A new stock market opened recently with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions. Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq , citizens are now buying houses in neighborhoods generally reserved for government officials.
Read Iraqi Dinar Currency Chart on Next Page
History of the Dinar
History of the Iraqi Dinar – see the timeline of events that has occurred in the recent past that has affected the value of the Dinar. The Iraqi Dinar is currently near the lowest ever value and is expected to climb at a very rapid pace.
Currency unit consists of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.
Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.
Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.
One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.
Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39.
1980 It remained at this level until the outbreak of the Iran-Iraq War in 1980.
In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.
In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.
1986–2003 Exchange rate was between .33 cents to 1.32 to a dollar.
In October 2003, the official dinar-dollar exchange rate was ID1 to US$0.00027.
August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068.
October 2007, the official dinar-dollar exchange rate is ID1 to US$0.0008.
November 2008, the official dinar-dollar exchange rate is ID1 to US$0.00082.
December 2009, the official dinar-dollar exchange rate is ID1 to US$0.00084.
December 29, 2010, the official dinar-dollar exchange rate is ID1 to US$0.000855.
Read Forex Chart on next page.
US Dollar vs Iraq Dinar Forex Chart
Population: 25,374,691 (July 2004 estimate.)
There is much information on the internet both evidencing a revaluation and warnings against it. The Dinar speculators are reluctant to publish any negative information while mainstream media and other critics like Clark Howard are screaming beware of the scams. I have personally read reports of outrageous scams being pulled by sharks selling dinar for as much as 100 times its current exchange rate. Several things need to be considered when purchasing dinar:
1. Deal with a credible resource.
2. Make sure the currency being purchased is authenticated; there is counterfeit currency in the market.
3. The currency must be authenticated with a De La Rue currency machine.
4. Don’t buy currency based upon price alone; you may not be able to exchange the currency or be hit with huge exchange rates. Most reputable exchangers require accounts to be set up prior to the revalue of the currency.
5. Beware U.S. banks are preparing for the exchange and the word on the streets is that they will be taking out taxes at the point of exchange.
6. Deal with a reseller that has several avenues of exchange, the demand for exchange will be overwhelming for most.
7. Don’t hold onto your currency too long after the revalue. Major players are in the currency exchange and it could be manipulated and drop suddenly.
8. Use a resource that is informative and constantly updating you with new information about what is going on in Iraq.
After much research and personal experience, I recommend using Ken Scrogan as your purchasing agent. He fits all the criteria listed above and has shown integrity in all of my business dealings with him.
He may be reached at 678-922-1612.
Even though Iraq is not as yet a world economy, counterfeiters can still target its currency. The reason? The demand for the new Iraqi dinars by investors and speculators is growing at enormous rates and this makes them targets for counterfeiters who can liquidate dinars easily through the internet. Many of the investors do not have access to currency experts or the knowledge needed to identify fake notes and, therefore, they become easy targets. This is why this site will help you gain some confidence before you purchase by giving you all the information necessary to make the process of buying dinars as safe as possible.
How to spot counterfeit dinars.
A fake dinar might not have:
- a security thread
- raised letters
- a watermark
- metallic ink
- the ability to glow under an ultra violet light
Review the security features on the next page to help spot Counterfeits.
These features can be checked by:
- A black light bulb that is sold in any hardware store and is used to test for watermarks such as the horse head.
- A special pen that can be found in office supply stores and is used to detect fake notes with changing color.
- Holding the 25,000 and 10,000 notes ( the most popular) against the light, tilting it back and forth to check for the hologram.
One of the main processes of authenticating NID notes is shown in the picture below.
Feature Article: Iraqi Dinar Revaluation
December 15, 2009
Will the Iraqi Dinar be revalued?
When will the Iraqi Dinar be revalued?
How will the Iraqi Dinar be revalued?
To put it simply, the Iraqi Dinar is currently worth less than 1/10th of a US penny . Historically, the Iraqi Dinar has been worth over 3 US dollars for every Iraqi Dinar (Over $3,000,000 US dollars purchased 1 million Iraqi Dinar). Put another way, 1 million Iraqi Dinar is currently worth a little less that 1000 US dollars and historically 1 million Iraqi Dinar has been worth well over $3,000,000.00 US dollars. So, the question is: Will the Iraqi Dinar increase in value? And if so, how? And when?
Let’s examine the situation in Iraq and the history of the Dinar. The facts are:
- Iraq is an extremely wealthy country when you look at their natural resources and potential GDP. The expert consensus is that Iraq has at least the second largest oil reserves and natural gas reserves in the world. There is strong speculation that Iraq actually has the largest oil and natural gas reserves in the world. Additionally, many people don’t realize that oil from Iraq is some of the world’s cheapest oil to drill and refine—the oil is very “rich” and close to the surface with few impurities or hindrances to drilling. Iraq’s cost of production per barrel of oil is minimal compared to other world oil producers. This all means that Iraq’s profit margins on their oil production are some of the highest in the world. Additionally, Iraq has a vast agricultural system and abundant fresh water supplies from the Tigris and Euphrates rivers—Iraq is known as the “Bread Basket of the Middle East.” Moreover, Iraq has a large and traditionally hardworking productive population. The bottom line is that Iraq has staggering wealth in natural resources and tremendous GNP and GDP.
- There is NO WAY the country of Iraq is going to be allowed to decay into a state of instability. Iraq is not Somalia, Vietnam or Rwanda — It is a strategic Middle Eastern country with tremendous potential wealth. It is in the best interest of every Western country and most Middle Eastern countries for Iraq to succeed as an independent stable economy and country. No Western or Middle Eastern country is going to stand by while Iraqi’s vast oil reserves and wealth fall under the control of a neighboring rouge country or insurgency—it just won’t happen.
- The political and economic powers of the world are doing everything possible to stabilize Iraq and bring their economy in line with the rest of the world as soon as possible—this is in the best interest of all nations. World leaders understand that wealth and prosperity in a country lead to stability and increased productivity—people don’t revolt when their needs are being met and their quality of life is improving. One of the fastest ways to stabilize a country is to increase its wealth and the quality of life for the population as soon as possible. The cost of increasing an entire population’s wealth is much less than the cost of war and widespread instability in the oil-rich nations of the Middle East.
- The history of the Iraqi Dinar demonstrates strong potential for growth. At one time, the Iraqi Dinar was worth over 3000 times ($3.20/Iraqi Dinar to <.001/Iraqi Dinar) what it is currently worth, while at the same time oil (Iraq’s largest natural resource) was selling for approximately $15 per barrel — less than 1/5th of today’s price.
- Excluding rogue nations (Iran, Syria, and other nations as defined by the US), the lowest exchange rates in the Middle East for countries like Kuwait, Qatar, Saudi Arabia, U.A.E., Israel, etc are no lower than $.26 per Dinar, Sheqel, Dirham, Rial, Riyal, etc. If the value of the Iraqi Dinar increased in value to just the lowest valued currency of the mainstream Middle Eastern countries, it would result in a 260 times increase in value. More simply stated, 1 million Iraqi Dinar purchased for approximately $1000 US dollars today would be worth $260,000 US dollars if the Iraqi Dinar were valued at $.26 US Dollars—the lowest current valuation for a mainstream Middle Eastern country. If the Iraqi Dinar were to reach a value equivalent to its historical rate of $3.20 US dollars per Iraqi Dinar, the value of an approximate $1000 US dollar Iraqi Dinar investment for 1 million Iraqi Dinar would be worth $3,200,000 US Dollars. As a note, the current exchange rate for the Kuwaiti Dinar is $3.44 US dollars for 1 Kuwait Dinar—it would take $3,440,000.00 US Dollars to purchase 1 million Kuwaiti Dinar.
- Since its inception in late 2003, the Iraqi Dinar has steadily increased in value—indicating a recovering economy and increase in conversion of natural wealth resources.
The bottom line is that the Iraqi Dinar is currently at an extremely low valuation compared to the US Dollar. The currency has steadily increased in value since inception in late 2003. Iraq is a country with phenomenal wealth potential; and additionally, has the backing and support of the major political and economic powers of the world. There currently seems to be minimal risk that the Iraqi Dinar will decrease in value. The tremendous potential upside return compared to the minimal downside risk seems to make the Iraqi Dinar a compelling investment opportunity worth investigating.
One compelling speculation that may relate to the value increase of the Iraqi Dinar is the actual amount of Iraqi Dinar being held by the United States Treasury Department. A significant increase in the value of the Iraqi Dinar would more than pay for cost of recent US war efforts in the Middle East and greatly alleviate the tremendous debt recently initiated by the US Government. The US Government’s current runaway spending seems to suggest that the US Treasury Department is expecting a massive windfall in the near future that will cover debt. Although this theory seems logical and despite the fact that this theory is parroted by many, this speculation can not be confirmed.
In determining when the Iraqi Dinar will increase in value, all indicators point toward something happening in the near future (next 12 months) if not the very near future (next 3 months). The appreciation of the Iraqi Dinar has been unprecedentedly flat over the past 8 months despite low Iraqi inflation and a weakening US economy and US dollar. The Iraqi economy has been on a continual surge of economic growth for the past couple of years as Iraq has continued to stabilize and rebuild. The news coming out of Iraq from numerous returning military members with various reliable sources indicates a rapid move and increase in valuation occurring prior to, or in conjunction with US troop reductions. Indicators also point to an increase in the Iraqi Dinar exchange rate occurring prior to, or shortly after Iraqi elections. It appears that administratively, the IMF, WTO, and other world financial entities are working in close conjunction with the Iraqi Government to bring Iraq’s financial system online with the rest of the world. The expectation is that the Iraqi Dinar will soon be freely traded through banks worldwide—further accelerating their recovery and economy, and adding to overall stability.
In conclusion I have recommended that everyone treat their investment in Dinar as they would Gold or Silver. This is not a get rich quick scheme. This a hedge against the inflation of the U.S. Dollar that is quickly eroding in value. Please head my warnings again to protect yourself against the steady decline of the U.S. Dollar. Bernanke the Fed chairman recently stated that the strategy for resolving the U.S. economic situation is inflation.
(Poster Unknown BY ME as it was emailed to me)