By John Lee.
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:
- Will the Iraqi dinar increase in value?
- Will the currency be re-denominated, dropping the 'three zeros'?
- Is it wise to buy Iraqi dinar?
Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq.
As the value of the Iraqi dinar affects trade, we will continue to report on any possible re-valuations and/or redenominations as soon as information is available.
We hope that this information will be useful to the key decision-makers in Iraqi business, and to all who are interested in the development of the country; gamblers and people involved in get-rich-quick schemes/scams are not our target readership.
It's clear from the correspondence we receive that some people, who like to think of themselves as 'investors', genuinely believe that at the stroke of a pen they will make a 1,000-fold return on their purchase of dinars.
Those people might like to consider some questions before putting any further funds at risk: Read more ...
They find em'...they feed em'...but ya gotta give em credit'....cause everybody's gotta eat'...and they are only taking orders'...but they are very good at what they do!..lol...
4aprofit: "I believe “some” naysayers are being prompted, and/or even being “paid” to discourage people into selling their dinars, (reverse pumping), some call this group Dumpers’, and believe me, they are just as skilled and crafty at trying to make one dump,"
And that's precisely why no-one takes your chronic attention seeking seriously anymore...
If exposing what some of these naysayers are doing get's me attention, then so be it!...And thanks for the comment, because everyone has their own opinion, but most know exactly what I'm talking about...but then there's always a few...who are asleep at the wheel or their brights don't come on...lol...
"as well as all the mind-boggling theories that all of the naysayers are bombarding us with"
If you think it's "mind boggling" that a country with a 144 billion dollar GDP can't have 72 trillion dollars worth of currency (or 7 trillion, or even 700 billion) then I'm sorry to say you're not very bright. It's actually quite simple. The RV you expect can not and will not happen, anyone with an IQ over about 85 that's done 10 minutes of research can figure it out.
"I believe “some” naysayers are being prompted, and/or even being “paid” to discourage people into selling their dinars"
Paranoid stupidity at its finest. Which guru did you first hear this theory from? Sounds like Breitling.
When dinartrade buys back a million you think they send it back to the CBI and the CBI removes it from circulation? No. They sit on it and wait to sell it to some other sucker. The CBI isn't really that worried about speculators, because they're not so stupid to think their currency could increase by 100,000%.
And if the seller/buyer ratio is really 3:1, prepare to see dealers stop buying, or drop their buyback price even more (which some of them have already done recently, from what I've seen).
Hitting and missing...and even insinuating some things that I've never said...or even expected from an RV?...as you insinuate!...Can I have some peace with my investment..as it is...ACTUALLY PROFITABLE SO FAR!...HMMM...makes you wonder...
"and even insinuating some things that I’ve never said…or even expected from an RV?"
Really? How much you wanna bet I can go to DV and find a post from you saying that the RV has to be to at least "1 to 1" for Iraq to "dedollarize" (a ridiculous thing to say, btw, even if such RVs were possible, which they're not).
"Can I have some peace with my investment..as it is"
Sure you can, as soon as you go away and stop posting lies and nonsense on public forums. Until then you get deserve to get called out for what you are: a sucker that has absolutely zero understanding of investing or currency that believes virtually everything a boob like Adam Montana or some other ignoramous on a dinar forum tells you.
"ACTUALLY PROFITABLE SO FAR!…"
You haven't made a cent off the dinar, because you haven't sold any of it, have you? And I doubt you bought early enough to even have made a few cents on paper. I bet you're a fairly recent adopter, 2009 or later. It's always the more recent adopters that are still so clueless they believe all the lies and misconceptions and regurgitate them excitedly on every forum they can find.
You'll learn, sooner or later.
What an imagination you have...WHAT ARE YOU SO WORRIED ABOUT?...More insinuations and wild speculations!...I truly do hope I learn sooner than later, what all the fretting is about...and no matter what you say, what you say others said, or what you believe I have said...If you hate this so much, cut it loose and go tell all the one's that have "already actually lost" in "other investments", how stupid they were...you've probably lost in everything you've been in, or you would'nt be so worried about this and what someone else might do!...Warn me and scoff me, when it's actually over...lol...
It is over, you're just not smart enough to realize it. That's what everyone has been telling you.
There's a difference between losing money in a legitimate investment, and losing money in a scam. Any stock, or commodity, or currency can go up or down, that doesn't mean they're scams. I thought Facebooks IPO was ridiculously overvalued, and told people so, but I could have been wrong (turns out I wasn't).
There's zero chance I'm wrong about the dinar. None. Zilch. Nada. A big RV (and by big I mean even half a cent) is NEVER going to happen. That's why the dinar investment, as presented, is a complete scam.
Wow!..You claim you know all the players, the bloggers, and everything that they say, and even the total outcome on many investments seemingly?...You must be a BILLIONAIRE...and the RV POLICE to boot!...I wonder who pays you, as I know you spend 24/7 worrying over this!...And you must have made so much in all these other areas of investing, that you don't have anything to do but blog about Dinars?...I am going to say something that may give you a heart-attack..."loan me some money so I can buy some more Dinars"..I BELIEVE IN IT!...
OK. maybe we can admit there is a chance everyone is partly right and partly wrong. Yesterday smoked out the 'elephant' hiding in the room, and the conversation about 'outside support' is gaining traction in public.
The lingering question remains if there is any chance this outside support is to be applied to the standing currency as it is held, or will the support be applied to the currency in the manner appropriate to the re denominated IQD notes.
Either of these situations would result in a profit for the dinar holder, but the difference between the two possible situations is staggering.
Since all of the hype has been tied to mythical riches in Iraq, I tend to think this will play out along the lines of logic and common sense. ....That would be outside support to an already re denominated currency. ..................I would love to be wrong, and wish someone would fit that missing puzzle piece into the picture.
"OK. maybe we can admit there is a chance everyone is partly right and partly wrong."
No, 4aprofit is 100% wrong. He's completely clueless. He has zero understanding of the situation with the dinar.
While I'm here, Hey Enorrste, you don't know what you're talking about, as usual.
"the current rate of the dinar in Iraq is artificially low. The rate was $3.50 during and prior to the Saddam Hussein regime. It was lowered intentionally by the UN in order to drive out the profitability of terrorism."
This is a flat out lie, and EASILY proven wrong with about 60 seconds worth of research. The is NOTHING artificial about the low rate of the dinar. The dinar went down the toilet because Saddam spent all their reserves and then printed TRILLIONS of dinar during and after his war in Kuwait. There's nothing artificial about that, and the UN certainly wasn't involved in it. Since then their reserves have recovered, but the CBI has CONTINUED to print trillions of dinar, resulting in an M2 that is currently around 72 trillion. Again, nothing artificial about it.
"In reducing the value of the dinar by 1000 times (or more, actually), why didn’t everyone flood into Iraq to invest and buy? Iraq’s economy should have boomed with everything so cheap, right?"
Because Iraq was a third world toilet in the middle of a couple wars? Not exactly a prime place to set up business, is it?
"In addition, I take pride in being able to state without equivocation that we do not “bury” articles just because they appear to refute our position."
Sure you don't. You just twist them to suit your purposes or make up lies (see your above lie about the dinars devaluation) to counter the articles.
No more proof will be required, nor the nagging and crying will be needed...about what Iraq can or cannot do..once Iraq unveils itself to the World..whereby showing all of the riches that they are sitting on...and just because it does not show today, or right now at the present nano-second to some, like some wish for it to...they get their panties all in a wad...but time will tell...and IMO..it wont be too long before the show starts...all the naysayers and panty grabbers...get some popcorn and a coke...and just SIT'...with your hands under you'...until the FINALIZATION of this thing is OVER and DONE!..Nobody has lost yet, and you naysayers dont even have to get into this thing anyway, so no more whining and pouting like a baby, just pass more popcorn and coke please!...It's fixing to get exciting!...Why do you think we are hearing so much Negativity right now...these are good signs!....These deterrents are recognized expected collateral liabilities to our investment...I've been waiting on this and knew that they would come forth!..This is a common expected thing that we should look for!..I'm lovin it!...lol...
"you naysayers dont even have to get into this thing anyway, so no more whining and pouting like a baby"
Educating people about how they've been lied to and scammed is hardly whining and pouting.
"I’ve been waiting on this and knew that they would come forth!..This is a common expected thing that we should look for!"
Yes, because the gurus told you to expect them. And why did the gurus tell you? Because they're paid by the dinar dealers, and what better way to prolong the scam than to convince everyone that bad news = "smoke and mirrors"?
"Why do you think we are hearing so much Negativity right now"
Because Iraq is a violent, third world toilet with a government that can't ever get anything done and a per capita income of around 4 grand a year? Maybe 4 grand a year is rich to you, but it's pretty poor by everyone elses standards. In order to get their per capita up to US standards they'd have to increase their oil production by around 7 times. That's not gonna happen anytime soon, if ever. And if they did do it, they'd run through their known oil reserves in around 20 years. Then what?
After the recent articles saying that the lop has been pushed back to 2014 due to insufficient preparation (new currency not printed, etc), the dinar dealers are dancing in the streets. At least another full year of charging people ridiculous spreads for a currency based on a completely impossible fairy tale of hundred thousand percent returns.
There's not going to be a big RV this year. There's not going to be a big RV next year. The year after that, they'll probably lop, or they won't. Either way, your expected return is never going to happen.
I'll set a reminder on my phone to go to DV on September 7th, 2013, to create an account and make a post reminding you about how wrong you were. See you then!
Like I said sunshine'...We Will See!
Listed below is just a few more things that I watch...while many are SLEEPING!..There are literally thousands of things like this that I have seen, even though much of the media has blacked a lot of this out to the West!..You simply CANNOT run a country forever, using predominently the U.S. Dollar, and not eventually return to your own currency, which was a currency that has had a high prior value, and it just cannot vanish forever as the country explodes with Exponential Growth!...which surpasses anything that has ever happened in Iraq, even when it took several U.S. dollars to buy one Iraqi Dinar, when there was nothing even happening in Iraq compared to now, especially to the magnitude of what is going on right now in Iraq!...You must look at the bigger picture here, ONLY A RETARD CANNOT SEE THIS!..More to make you go HMMM???....
*Map Of Iraq's Fourth Oil And Gas Auction, May 2012:
http://musingsoniraq.blogspot.com/2012/08/map-of-iraqs-fourth-oil-and-gas-auction.html
*IRAQ FINANCE 2012, A NEW INTERNATIONAL CONFERENCE AND EXHIBITION ON BANKING AND FINANCIAL SERVICES IN IRAQ:
http://www.iraqfinance.co.uk/
*Iraq now second-largest oil producer:
http://www.aknews.com/en/aknews/2/321268/
*Western Style Fast Food Businesses Take Off In Iraq's Baghdad:
http://musingsoniraq.blogspot.com/2012/09/western-style-fast-food-businesses-take.html
Another HMMM???
Trade Bank of Iraq to issue credit cards for $100,000, of highest in world
Orr News Agency
Announced TBI intention to issue a card with (Infinity) credit soon and that represents the highest credit card in the financial world in terms of value of 100 thousand dollars.
said General Manager Bank Hamdiya Dry told that “holder of this card, because of privacy, will have additional features in global forums” , referring to “increase the bank’s capital from 500 billion to a trillion Iraqi dinars to increase its activities.”
The bank had earlier announced the launch Platinum and Gold. And established Trade Bank of Iraq a wholly owned subsidiary of the government in July 2003 to facilitate Iraq’s international trade and the reconstruction of Iraq after the end of the work program of the United Nations oil-for-food program.
inciraq.com
The STRONGEST & MOST FINANCIALLY SECURE countries in the World...DO THIS!!!...Is'nt this what the U.S. did when our currency was actually backed by something?...The U.S. even had up to 100,000 Bills, which are still redeemable today, but they're worth more for the rarity collectors value, as per what few there are still out there.
Another HMMM???...
Central Bank of Iraq proposes trading of gold and silver in their banking
31/08/2012 11:11
Baghdad / Bri Center for the Iraqi Media Network - The Central Bank of sending a number of banking proposals to the Cabinet allow dealing silver and gold.
The deputy governor of the Bank the appearance of Mohammed Saleh (Brief Center for IMN) that "the central bank suggested that the government promote deal banks and gold and silver."
He added that "these recommendations come to the central bank's desire to strengthen financial Iirorh and maintain the country's monetary policy."
The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
http://translate.google.com/translat...ws/view.14972/
And for those that are worried about Warka Bank, do you think that these corresponding Banks listed below, are just in this for a game or to have fun...it's all about making money!..Follow the money!!!
Another HMMM???...
Services List
Correspondent Banks
Warka Bank for Investment and Finance JSC
WAIVIQBA
USA
CITIBANK N.A., NEW YORK, NY 10043, NEW YORK, NY
CITIUS33
AUSTRIA
BANK AUSTRIA CREDITANSTALT AG
BKAUATWW
UNICREDIT BANK AUSTRIA AG, VIENNA
BKAUATWW
CYPRUS
BANK OF PUBLIC LIMITED COMPANY,
BCYPCY2N
DENMARK
NORDEA BANK DENMARK A/S
NDEADKKK
FRANCE
BANK AUDI SARADAR FRANCE
AUDIFRPP
GERMANY
COMMERZBANK, FRANKFURT
COBADEFF
DRESDNER BANK AG, FRANKFURT AM MAIN
DRESDEFF
ITALY
BANCA UBAE SPA, ROMA IT
UBAIITRR
BANCO DI SICILIA S.P.A.
BSICITRR
UNICREDIT BANCA DI ROMA S.P.A.
BROMITRD
UNICREDIT BANCA SPA
UNCRIT2B
UNICREDIT CORPORATE BANKING SPA
UNCRIT2V
UNICREDIT PRIVATE BANKING SPA
UNCRIT2T
UNICREDIT S.P.A.
UNCRITMM
SWITZERLAND
BANQUE DE COMMERCE ET DE PLACEMENTS S.A., GENEVA
BPCPCHGG
BLOM BANK (SWITZERLAND) SA
BLOMCHGG
TURKY
TURKIYE IS BANKASI A.S., ISTANBUL
ISBKTRIS
TURKIYE GARANTI BANKASI A.S.
TGBATRIS
UKRAINE
CREDIT DNEPR BANK, UKRAINE, DNIPROPETROVSK
CRDEUA2N
CHINA
BANK OF China,
BKCHCNBJ
BANK OF CHINA, (HEAD OFFICE), BEIJING
BKCHCNBJ
HANGE BANK, DALIAN BRANCH
KOEXCNBD
KOREA EXCHANGE BANK, BEIJING BRANCH
KOEXCNBJ
KOREA EXCHANGE BANK, SHANGHAI BRANCH
KOEXCNSH
JAPAN
KOREA EXCHANGE BANK, TOKYO
KOEXJPJT
KOREA
KOREA EXCHANGE BANK
KOEXKRSE
KOREA EXCHANGE BANK, SINGAPORE BRANCH
KOEXSGSG
JORDAN
BANK AUDI SAL - AUDI SARADAR GROUP - JORDAN
AUDBJOAM
BANK OF JORDAN ,AMMAN –
BJORJOAX
CAIRO AMMAN BANK
CAABJOAM
CAPITAL BANK OF JORDAN, AMMAN
EFBKJOAM
HOUSING BANK FOR TRADE AND FINANCE, AMMAN -
HBHOJOAX
JORDAN AHLI BANK PLC, AMMAN
JONBJOAX
JORDAN COMMERCIAL BANK, AMMAN
JGBAJOAM
JORDANINVESTMENT AND FINANCE BANK
JIFBJOAM
JORDAN KUWAIT BANK
JKBAJOAM
STANDARD CHARTERED BANK
SCBLJOA
UNION BANK, AMMAN JO
UBSIJOAX
LEBANON
AL MAWARID BANK S.A.L.
MABALBBE
AUDI SARADAR PRIVATE BANK S.A.L
BSARLBBX
B.L.C. BANK S.A.L.
LICOLBBX
BANK AUDI SAL - AUDI SARADAR GROUP
AUDBLBBX
BANK OF BEIRUT AND THE ARAB COUNTRIES SAL
BBACLBBX
BANK OF BEIRUT S.A.L.
BABELBBE
BANK OF KUWAIT AND THE ARAB WORLD SAL
BKAWLBBE
BANQUE BEMO SAL
EUMOLBBE
BANQUE DE CREDIT NATIONAL S.A.L.
BCNBLBBE
BANQUE DU LIBAN, BEIRUT, LEBANON
BDLCLBBX
BANQUE LATI S.A.L.
BJLFLBBE
BANQUE LIBANO FRANCAISE
BLFSLBBX
BANQUE PHARAON ET CHIHA S.A.L.
BPHCLBBE
BLOM BANK S.A.L.
BLOMLBBX
BYBLOS BANK S.A.L.
BYBALBBX
CREDIT LIBANAIS S.A.L.
CLIBLBBX
FEDERAL BANK OF LEBANON S A L
FBLELBBX
FIRST NATIONAL BANK S.A.L., BEIRUT
FINKLBBE
FRANSABANK SAL, BEIRUT
FSABLBBX
IBL BANK S.A.L. (FORMERLY INTERCONTINENTAL BANK OF LEBANON S.A.L.), BEIRUT
INLELBBE
INTERCONTINENTAL BANK OF
INLELBBEX
LEBANESE CANADIAN BANK S.A.L., BEIRUT
LECALBBE
LEBANESE SWISS BANK SAL
LEBSLBBX
LEBANONAND GULF BANK SAL
LGBALBBE
SAUDI NATIONAL COMMERCIAL BANK – BEIRUT
SNCBLBBE
BAHRAIN
ALUBAF ARAB INTERNATIONAL BANK B.S.C.
ALUBBHBM
KORIA EXCHANGE BANK, BAHRAIN BRANCH
KOEXBHBM
THE ARAB INVESTMENT COMPANY
TAIQBHBMA
IRAQ
ELAF ISLAMIC BANK, BAGHDAD
ELAFIQBA
TRADE BANK OF IRAQ
TRIQIQBA
KUWAIT
COMMERCIAL BANK OF KUWAIT SAK, THE KUWAIT
COMBKWKW
SAUDI ARABIA
SAUDI HOLLANDI BANK
AAALSARI
SYRIA
ARAB BANK - SYRIA
ARBXSYDA
FRANSABANK SYRIA S.A
FSBSSYDA
INTERNATIONAL BANK FOR TRADE AND FINANCE,
GBTFSYDA
UAE
BLOM BANK FRANCE S.A.
BLOMAEAD
MASHREQBANK PSC. DUBAI
BOMLAEAD
NATIONAL BANK OF ABU DHABI, ABU DHABI
NBADAEAA
EGYPT
BLOM BANK EGYPT S.A.E.
MRBAEGCX
Commercial Int l bank -EGYPT
CIBEEGCXX001
COMMERCIAL INT'L BANK
CIBEEGCX001
MOROCCO
ATTIJARIWAFA BANK (FORMERLY BANQUE, OMMERCIALE DU MAROC)
BCMAMAMC
Branches | Sitemap | Contact Us| News
© 2010 Warka Bank For Investment And Finance
New link for the gold and silver article, where Iraqi banks want to deal in gold and silver, from above post!
http://imn.iq/news/view.14972/
If inflation is a factor?..
Another HMMM???...
Iraqi Inflation Falls to 5.8%, of the lowest in the world
Posted on 26 July 2012.
Iraq’s Ministry of Planning said that inflation in Iraq for the period from June 2011 to June 2012 has been running at a reported 5.8 percent.
This figure is down from the 6.2 percent reported in May, and the 6.7 percent in April.
https://www.iraq-businessnews.com/201...-falls-to-5-8/
I guess a little' or a lot' of tourism, does'nt hurt either...I have actually seen reports where Kurdistan, Iraq, is in the "Top 10 Tourist Destinations in the World"...
Another HMMM???...
Tourism reports 75% increase in Kurdistan Region
26/07/2012 12:22
ERBIL, July 26 (AKnews) – The Kurdistan Region's investment board has announced a 75 percent rise in tourism in the last six months in comparison to last year.
Board spokesperson Nadr Rosti expects 2.5m tourists to visit the region in 2012.
Rosti added that the tourism percentage depends on security and stability in the region. Securing the borders of the region also affects the number of tourists.
The region has 370 hotels, 180 motels, 970 restaurants and 45 tourism villages.
The number of hotels, motels and restaurants opening increased 25 percent this year in the region.
Some 1.7 million tourists came to the Kurdistan Region in 2011.
By Rebin Hassan
HH/DM/AKnews
http://www.aknews.co...knews/2/318774/
A direct link for the TOURISM POST Above...
http://www.aknews.com/en/aknews/2/318774/
Oil & More Oil..How much Oil do they need...to have any money eventually..or SOON?
Another HMMM???...
Basra, Iraq: This one region to reach 10 million bpd of oil by 2016
Saturday, July 21, 2012 12:13
{Basra} Euphrates News expect the Chairman of the Commission on oil and gas in the province of Basra, a unique Khaled Ayoubi reach crude oil exports from Basra fields to ten million barrels per day in 2016, with the presence of companies exploiting the oil fields in Basra.
He said Ayoubi told {Euphrates} News on Saturday that "Basra has huge quantities of oil which is positioned to be a producer of large quantities of oil and oil derivatives may be up to {10} million barrels per day by 2016."
He added that "such large amounts of oil will make Iraq among the Kabary and great in the production of oil and this will contribute to the development of the province of Basra, Iraq in general."
Most of the exports of oil, which is a main supplier to balance the country's financial, produced in the province of Basra, but it suffers from a severe lack of services as well as unemployment and poverty among its sons. Over 42 m
http://www.alforatne...25-57&Itemid=57
Direct Link for Basra Oil Article/Report above...
http://www.alforatnews.com/index.php?option=com_content&view=article&id=17917:-10-&catid=37:2011-04-08-17-25-57&Itemid=57
The point is folks...do we need to see thousands of articles like these...to UNDERSTAND?...that Iraq will BLOOM...and SOON!...
This is not only common sense, but a Biblical Reality', that we are actually watching unfold right before our eyes...those of us who CAN SEE!...
The point is Iraq's GDP could double overnight. They could magically transform into the biblical Babylon overnight and it wouldn't mean squat as far as the value of the dinar. It's not a stock. It's a currency. Currencies don't go up in value just because the economy is booming. That's what people like you don't get, and that's why you're in for a huge disappointment.
Good greif 4aprofit... "The STRONGEST & MOST FINANCIALLY SECURE countries in the World…DO THIS!!"
You are aware that Iraq has been under a Stand by Arrangement with the IMF for years right?
The IMF says this about SBAs. "In an economic crisis, countries often need financing to help them overcome their balance of payments problems."
Does that sound like "The STRONGEST & MOST FINANCIALLY SECURE countries in the World"
These are the other countries in the world under SBAs with the IMF
Antigua and Barbuda
El Salvador
Georgia
Jordan
Kosovo
Maldives
Romania
Serbia
St Kitts
Ukrain
Again... is this a list of "The STRONGEST & MOST FINANCIALLY SECURE countries in the World"???????
Exactly Sam, and we just saw the article about Iraq’s GDP rising 33% over the next 3 years. While that is very nice growth for the country it’s not going to provide a big boost to the dinar. Most of that will be increased oil production which is done in dollars.
LOL… remember all the idiots on dinar boards talking about how Iraq would be bigger than China soon. Iraq’s GDP would have to increase by over 10,000% in the next 3 years to rival China.
Iraq can't pass China huh?
http://www.businessinsider.com/29-of-the-worlds-fastest-growing-countries-2012-6?op=1
How do you make it through the day?
Do you not understand the simple difference between "growth rate" and "actual size"?
China is an Elephant, Iraq is a tick on the arse of that Elephant. The tick can grow at a faster rate, but it will never be bigger than the Elephant.
"Exactly Sam, and we just saw the article about Iraq’s GDP rising 33% over the next 3 years. While that is very nice growth for the country it’s not going to provide a big boost to the dinar."
It's not likely to provide ANY boost to the dinar at all. Even if you ignore the fact you pointed out about oil (which is 100% correct), if Iraq really needs 33% more dinar value they can just print another 25 trillion dinar and leave the value exactly where it is. Benefits of doing this, rather than increasing the value of the dinar by 33%:
1. Iraq gets ALL the increase in value, they don't have to share it with pesky currency speculators.
2. It doesn't screw up contracts, salaries, etc.
3. Doesn't mess up import/export pricing.
4. The amount of money printed is an exact number, and can be fairly easily regulated. If you don't think you printed enough, you print some more, if you think you printed too much, you put some more USD back on the streets. To do the same thing with the currency value you'd either have to be raising and dropping the rate again and again, and an unstable currency value doesn't really do anyone (except maybe Forex traders) any good.
You naysayers gonna have a prayer vigil tonight I bet'...over what the Dinar cannot do?...Well guess what, I'm not gonna worry about it at all...I'm still as happy as the day I got into this!...Now yall sleep tight tonight, without anymore dinar fright!...lol...
P.S. I'm so sorry that I dissapointed and worried you all, due to my excitement about this wonderful investment!
4aprofit, it's obviously you're extremely worried about it. Why else would you waste time trying to justify it to nonbelievers? You're not trying to convince us, you're trying to convince yourself. You're probably not that successful. Probably don't have an education past highschool (if that). Other than hitting the powerball, you probably think this is your only chance at being well off. Well, that's all too bad for you, but if you weren't so insecure about your investment you'd just shut up and sit back and wait for your millions. But since you refuse to do that, and insist on spreading ignorance and pipe dreams on public forums, people are going to call you out on it, in order to prevent other suckers from getting scammed like you have been. Deal with it. No one is worried about you. You've proven that you're beyond redemption, that you're too willfully ignorant to listen to people that understand the dinar situation far better than you do. We get it. You're never gonna sell, you're gonna ride it to the end. That's fine for you, no one cares, just get over it and quit spreading nonsense on public forums.
4aprofit, do you argue with your doctor? If he and four other doctors tell you that you have rectal cancer, do you tell them that they don't know what they're talking about, because you gave some money to someone on the internet and they said it wasn't rectal cancer, it was just indigestion?
Why don't you pick five well known Universities, find their Dean of Economics or similar (it shouldn't be hard, I bet they're all easily findable on the internet), and email and tell them that you're expecting 10,000% returns by buying the paper currency of Iraq and holding it for the next few months. See what they say. Of course, after they tell you that it's complete nonsense and will never happen, you'll just tell yourself that they aren't privy to the "inside intel" that your boys Adam Montana and Blaino and Okie and Breitling are, or that they're being paid by Iraq to denigrate the dinar investment in order to limit the CBIs liability. That's your problem. You're emotionally invested in the dinar, because it's likely your only chance at riches. Except it isn't, you have zero chance of getting rich off the dinar.
If you want to dream of riches, buy a mega millions ticket. You (quite literally, and honestly) have a better chance of FINDING a jackpot winning lotto ticket lying on the ground than you do of becoming a millionaire off the dinar.
"it’s all about making money!..Follow the money!!!
Another HMMM???…"
Uh, what? Banks are always all about making money, that doesn't stop them from effing up and going under. You think that banks that have gone under weren't about making money? They were just messing around? Not interested in profits? Of course Warka is about making money, that doesn't mean they're any good at it. My first savings account ever, when I was a kid, was at a bank that went under. In the US. And it was FDIC insured. And the FDIC insurance was the only reason I ever got my money back from it, even though it took about five years.
Is Warka FDIC insured? No, it isn't. It's not insured by anyone, at all, for anything. They go under and you lose your money, plain and simple.
They haven't gone down the toilet yet, but it sure looks like they're circling the drain, doesn't it? When's the last time anyone actually withdrew any money from Warka? 6 months ago, before they went under "CBI guardianship"? If they get flushed, you can bet American speculators will be THE LAST ones they pay out of their remaining liquidity.
I hope you're a big Warka investor. I really do. I hope you've got all or most of your dinar in Warka. It'll be hilarious.
Hey boys, back from supper and a nap...I hope yall are saying things to build up my trust, as per being Briiliant Experts...and as per me using your services when I need a PRO'...Most PROS I know dont hang around on chat blogs 24/7 like this...Heck, they're making MONEY!...Wow, I'm glad I'm not a PRO!...Never have been ...and surely dont ever want to be...due to watching the likes of some of you clowns...What professors did you say yall learned from...and at what internet cafe'...Probably "The Doomsday WiFi Cave"...lol...
P.S....ahha..guess what...I still have'nt had anything but PROFITS!
ALERT!!!...ALL NEED TO SEE/HEAR THIS!!!...Here is a conference call that basically explains how the Iraqi Dinar and the Plan as some call it, will play out..as per Dr. Todd..go to appx. 29 minutes into this conference call, then he is on until appx. 74 minutes...(From 56 minutes to 74 minutes he gets into more about the Dinar, although all is an education in itself, and helps some understand this entire concept and what we are actually involved in here), He speaks of the Post World War II Marshall Plan, Global Settlements, Etc. Actually Dr. Todd, now in his mid 80's, was part of a group of 10 people, (an economist), that actually put together the "Plan for Iraq", as per knowing what is actually going on, and this is probably the (ONE) best thing I have heard regarding how this should play out! He further states that this is not something that any media, or the establishment, will ever play up as per being something that has any real credence or credibility to it! And states that much of the public and many others know nothing about this PLAN...or understand it!
P.S. A friend of mine said that a friend of his, used to work for the IMF/International Monetary Fund, and he said this guy told him, that about the time that this thing get's ready to POP', that there will be so many false fronts and misinformation put out, that many will feel like throwing their dinar away, or burning them..then he said it will POP!!!Are we not being bombarded with crap here lately?
Enjoy the call.....This Entire Call is an Education in itself, and worth listening to the entire thing!
https://www.freeconferencecallhd.com/playback.asp?n=1394-17-65-67-17-65-67-17-65-67-17-65-675-17-65-67-33-110-17-65-67-17-65-67-17-65-67-50-11686;0MTA3MjgzMDk=1
Re: "Iraq will be bigger than China"
Stew: "How do you make it through the day? Do you not understand the simple difference between “growth rate” and “actual size”?"
LOL. As I said 2 pages ago, I think he's deliberately trolling. I refuse to believe anyone can be that chronically thick... Really all the intelligent debate on the subject ended about 2 pages ago. Either you have the IQ to grasp it or you don't, and if you don't, then you'll just produce 500 pages of confused gibberish...
4aprofit, it’s obviously you’re extremely worried about it. Why else would you waste time trying to justify it to nonbelievers? You’re not trying to convince us, you’re trying to convince yourself.
Spot on...
"Frank M says: This is a flat out lie, and EASILY proven wrong with about 60 seconds worth of research. The is NOTHING artificial about the low rate of the dinar. The dinar went down the toilet because Saddam spent all their reserves and then printed TRILLIONS of dinar during and after his war in Kuwait."
That is a generally accurate statement, but the timing and events are a bit misconstrued. ....Saddam fought another war in the '80's that was equally catastrophic. .....The Iraq-Iran war was all about Saddam's aggressive grabs on Iranian territories during a time when the Iranian revolution was still in its infancy. ....It was a conventional war and devastating to both countries. Iraq effectively lost, but used its monetary reserves in the effort, and borrowed significant sums of money from neighboring Arab countries to sustain the war efforts. ...In typical Middle Eastern fashion the Arabs and Persians eventually relented and returned to their respective territories. ....Saddam had effectively destroyed the prestige and assets of the IQD. ...It was all downhill from there!
WOW that was awesome so much hate and discontent going on....lol.. I love it....
Currency investment's is not a new concept people its just like any other type of investment you buy low sell high. The Dinar is currently like a penny stock that stands to turn a hefty profit, just like Xerox and numerous other company's that started out on the OTC/pink sheets.
The one thing I never hear anyone talk about anymore is the fact the precedence has already been set on just such a scenario as the Iraqi Dinar. One of them being the German Mark which created more millionaires from one single event then any other in history. And lets not forget the Kuwaiti Dinar. So it seems to me that History is repeating itself and lets hope its like the German Mark with one slight modification this one single event will create more Trillionaires in history then any other. On a personal note I say Shun the non believers..... SHUN!!!!
The PROOF will be when this is over...plain and simple!..and even when plain evidence that shows what is actually going on, is laid out before somes eyes, they pull the scales down over them and then these idiots even bash the PROOF!..this now PROVES tht some of them are just a bunch of PAID BASHERS & MISINFORMATION GURU'S, as per trying to keep specualtaion down in this investment!...All of us have seen this thousands of times over the years, while these crazy theories just kept being pumped out about..."WHAT ALL CANT HAPPEN"...This investment has been put out as a risky investment, but due to the nature of it, as we know, nothing works if everyone was in it, but, no government agency or regulatory agency, has ever, ever, ever..stepped up to the plate, and called this a SCAM...or tried in any way to shut it down..NEVER!...it is a Plan, and it will only work if there is balance, so, this B.S. we hear is to be expected, that is why, when I see all the B.S...it gives me more confidence, and I have an even more positive feeling towards this investment.....
"This investment has been put out as a risky investment, but due to the nature of it, as we know, nothing works if everyone was in it, but, no government agency or regulatory agency, has ever, ever, ever..stepped up to the plate, and called this a SCAM…or tried in any way to shut it down..NEVER!"
LOL! Maybe you need to look a little harder:-
State of Idaho prosecuted one pumper for making a baseless "get 1,000x richer guaranteed" claim - Case : State of Idaho vs Jack Lee Smiley:-
http://www.iraqidinars.org/wp-content/uploads/2010/05/idaho_dinar_scam.pdf
- The Utah Dept of Commerce openly states the Iraqi mis-selling is a scam in its "top-10 scams" every year since 2006.
- Several scammers have a checkered past with the FTC (Federal Trade Commission).
- Various US military have repeatedly warned troops of the mis-selling scam.
- Forbes ran an article recently (called "You Can't Fix Stupid")...
..."Ali" of Dinar Trade fame was shut down for fraud by Arkansas Securities Commission. Here's the cease & desist court order complete with his own signature at the bottom admitting his guilt in mis-selling:-
"By agreement and with the consent of the Staff and the authorized representative of Dinar Trade, it is hereby ordered that Dinar Trade shall be responsible for the payment of a civil penalty in the amount of $20,000.00 to the Arkansas Securities Department. The violations by Dinar Trade support an assessment by the Commissioner of a civil penalty against pursuant to Ark. Code Ann. 2365-805.."
http://www.securities.arkansas.gov/!userfiles/Orders/2011/Consent%20Order%20C-11-0205-11-OR02.pdf
At the end of the day, everyone's calling it a scam except the pumpers and some financially desperate scam victims like yourself who want to believe in it so badly that they end up developing some perverse form of Stockholm Syndrome empathy with a few conmen and defend it with Orwellian Turnspeak propaganda (they claim the scammers are the honest people and anyone who debunks the scammers as "evil" with silly terms like "dumpers" and "naysayers") mixed in with deluded wild conspiracy theories (that aren't even consistent from one day to the next) combined with pre-junior school level maths skills ("a million is the same as a billion"), mental confusion over commonly used terminology ("rate of economic growth is the same as the total size of your GDP!", etc) plus overt trolling "retard" insults - and it's no wonder you're all confused and seriously, badly messed up...
Take a break for a while - and a reality check to go with it...
A few more:-
Arkansas Securities Department investigation into the currency exchange activities of Dartmouth Capital, LLC, d/b/a Safedinar.com.":-
http://www.iraqidinars.org/wp-content/uploads/2010/05/safedinar.com_arkansas.pdf
Better Business Bureau : "Better Business Bureau is warning consumers across the United States and Canada to be wary when considering any foreign currency investment, particularly the Iraqi dinar. BBB fields a growing number of complaints about dinar investments from around the world, including military personnel claiming they were victims of dinar dealing fraud. Many civilian contractors and soldiers serving in Iraq have also filed complaints with the BBB from abroad and most have reported the same type of experience. He also noted that United World Exchange/US Dinar has stopped responding to the BBB."
Forbes Article : "You Can't Fix Stupid: The Iraqi Dinar Scam Lives"
CNBC : "I've written about this before, but I'll say it again: the Iraqi dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms."
Washington State Dept Consumer Alert : Iraqi Dinar Scam:-
http://www.dfi.wa.gov/consumers/alerts/iraqi-dinar-scams.htm
Connecticut warning : "Some SPAM emails hype the dinar as an investment opportunity by citing the rise in the value of the Kuwaiti dinar after the Gulf War and the German mark after WWII. Neither Kuwait nor Germany had a free-floating currency. Sellers have made a substantial amount of money through currency conversion fees they charge buyers. Consumers, however, are advised to steer clear of “opportunities” marketed by unregistered advisers to inexperienced currency investors. Legitimate opportunities should disclose all risks and avoid modifying or fabricating performance history to make an opportunity look better than it is."
And another...
California : US Dinar Bank shut down by California State with a Cease & Desist order:-
http://www.corp.ca.gov/ENF/pdf/2011/USDinarBank_dr.pdf
Doesn't matter. Eric Holder or Obama himself could come out and make a televised statement that the dinar is a scam and to avoid it. Wouldn't help. Look at $aprofit. These suckers are so snowed by the scammers that they are actually believing the line that they will hear more and more negativity about the dinar as they get closer. It's truly amazing what people will believe.
Now you know why you keep getting these rediculous scam emails in your inbox. It's because there are a large number of people out there without the mental capacity to figure it out.
There have many SCAMMERS...and ENTITIES...SHUT DOWN...from being involved in FRAUDULENT BUSINESS PRACTICES involving the DINAR...just like with ANYTHING ELSE, whereby someone does'nt do what is right...but as per the entire PLAN OF THE DINAR'...it is still up and thriving!...AND WILL BE THRIVING...UNTIL THE FINALITY OF THIS THING IS ACTUALLY OVER!
P.S....I guess some of these folks have never heard of Bear Stearns, Leahman Brothers, Enron, Worldcom, and many, many others..that used fraudulent business practices...Is the dinar exempt?..or any different?...Heck, it was'nt the Dinar that was the problem itself, as many try and implicate, it was the darn vendors of it...how retarded!...lol...
If you read these "ceast and desist orders", as well as the other things, one can plainly see that these vendors of Dinars...were mis-representing things and not filing the proper forms, and/or not going through the proper procedures as per their own laws as per where they were located...(Go try opening a snowball stand in any city without a city business tax privilege license and see how long you stay in business!)
Some of these businesses, perhaps did'nt know of other laws that they may have fell under as per legalities in this, but as they say, ignorance is no excuse!
4aprofit - "If you read these “ceast and desist orders”, as well as the other things, one can plainly see that these vendors of Dinars…were mis-representing things "
Yes 4aprofit - they were misrepresenting the Iraqi redenomination as a get-rich-quick scheme!
I suggest you reread the first one : The key point in shutting him down was giving blatantly false pumper advice that $1,000 will turn into $1m, combined with persistent lies about "RV this week", "RV in 90 days", etc. As usual, you only read what you want to read and ignore the rest. The reason many Dinar sellers operate without licenses is because they get refused them.
You stated the lie : "No government agency or regulatory agency, has ever, ever, ever..stepped up to the plate, and called this a SCAM…or tried in any way to shut it down..NEVER!"
And that has been completely, utterly and catastrophically destroyed right under your own nose with both links to half a dozen state's openly calling it that, and especially from the first link court document I gave you:-
STATE OF IDAHO SECURITIES BUREAU vs JACK LEE SMILEY:-
"23. Smiley did not tell the investors in the Dinar investment that he was relying on some other person to tell him when the investment paid off. (Affidavit of Johnny Bryand 9, Affidavid of Martin Gennuso 6)
25. Smiley told his investors that the investment was going to pay off very soon, possibly within a few months.
26. Smiley's assertions that the investment would pay off quickly were false
29. Smiley guaranteed that an investment of $1,000 would return $1,000,000 (Smiley deposition, Exhibits 10,16)
4.A. Fraud - Untrue statements of material fact. Smiley's misrepresentations and false statements violated the Idaho Securities Act. Smiley enticed investors into giving him money by making false assurance and promises, and by failing to advise them of material facts.
False premise: The entire scheme as represented is based on the false premise that the Iraqi Dinar will appreciate outrageously against the US dollar, returning either 99,900% of 3,200% to investors, depending on which of Smiley's statements are used. (See discussion under False Guarantee)... Smiley could not make this guarantee because he did not and does not understand what could cause the Dinar to rise 3,200% or 99,900%. He testified that he does not know what event must occur to trigger the rise in value".
Further, the investment as Smiley structured it fundamentally misunderstands the foreign currency market
False promise of swift pay. Part of Smiley's sales pitch to his investors was that the investment was going to pay off very soon. In April 2005, Smiley told Johnny Bryant that "the investment would pay out in no more than 90 days. In 2006, said that the increase in value would happen by mid-March 2006. "Mr Smiley convinced me that the matter was urgent and that if I did not act immediately I could lose the opportunity."
In August 2006, Smiley told Martin Gennuso "that the investment would pay off within a week"
The premise is also false because, as Smiley represented to his investors, the Dinar is supposedly "Tied to 10 year oil contracts" (Smiley deposition, Exhibits 10, 16).
4.A. Fraud - Untrue statement of material fact. Smiley's omissions of material fact violated the Idaho Commodity Code. As quoted above, Idaho Code 30-1506(b) makes it unlawful "To make any false report, enter any false record or make any untrue statement of material fact"
The entire premise of the investment was false.
4.B. Fraud - Omissions of material fact. Smiley misled his investors into giving him money by withholding facts which would have tended to cause them not to invest, in violation of Idaho Code 30-1506(1)(b). Again as discussed above, Smiley failed to disclose to prospective investors that the Dinar commodity was unlawful, that he was fundamentally ignorant about how his investment scheme would work...
---END---
As credibility shattering as you can get when every core argument the pumpers make gets utterly destroyed inside a public court-room and a pumper found guilty of fraud...
LOL. Good find John. Two words : "Total ownage". 4aprofit has been utterly buried with "The truth, the whole truth, and nothing but the truth..." 😉