You Can’t Fix Stupid: The Iraqi Dinar Scam

By John Lee.

In a recent article on Forbes magazine website, legal expert and anti-scam campaigner Jay Adkisson challenges the idea that vast wealth will be made from a dramatic appreciation of the Iraqi dinar, saying, “You can’t fix stupid“.

Scams involving the arbitrage of foreign currencies have been around as long as there have been, well, foreign currencies“, he explains, “but … why the Dinar scam has been largely successful [is that] with the Dinar scam you can actually get the cold hard Dinars if you want them.”

“Yep, suckers around America have their closets and garages full of bales of Dinars, just waiting for that glorious day when they will re-valuate. Which is never.

To help sell the scam, the scam artists have set up all sorts of websites and bulletin boards and newsletter and social media and you-name-it to try to create the impression that the Dinars are valuable and are about to re-valuate at any moment.

“I’ve had people tell me that their Dinars are going to re-valuate ‘within the week’ or ‘by the end of the month’, and they’ve been telling me for years.

52 Responses to You Can’t Fix Stupid: The Iraqi Dinar Scam

  1. Chuck Whelchel October 13, 2012 at 7:04 am #

    Everyone here is completely and totally7 missing the point. It’s NOT, I repeart again: NOT, whether or not those dinars you already have, or are going to purchase and later have, are actually going to gio up in value? When you bought those dinars, you got exactly what you paid for? A stack of foreign money. That’s it? You bought a stack o9f money. Now, let’s flip this coin over and see
    just what’s on the other side. A-Haaa? You guessed it. When ever anuone buys anything of value? And, yes, all of Iraq’s dinars do have value. You also buy into a dream? That’s rioght. We all have dreams. We make an inverstment in our lives when we go to college? Nobody PROMISERS that a college educastion will make you rich. No way? We do it…becasuse we dream that it will
    pay off…in the long run? So, what do you have when you spend a fortune on those sweet-smelling crispy dinars? You have a monumental dream. A dream that could last a lifetime and never copme true. Or, materrialize in an instant,. and a dream fullfilled? Yes. And that…is what life is all about: Dreams?

  2. izstdeniem October 29, 2012 at 8:50 am #

    its not scam…but it is sweet dream that will come true..i bought when i was 20years old..now,me 28 years old..8 years already.but,before i want to buy the dinar.i set my mind that time, i need to wait for 10 years..because of the theory economics..actualy,the more u do research the more you will see the true of this thing…for me this is true if u look from economic side…