Posted 07 May 2012 - 03:53 AM
I am 140,000 Dinar in the can for this little project, hoping it turns into a magical $420,000 so I can escape this country (Britain) to the US / Vietnam after I graduate (I'm 22).
I also want to learn a little more about money, as what is taught in business schools (I study Marketing at University) is extremely limited and at times...it just felt really bias / wrong (Keynesian economics is the only type taught). I want to know more because I have some business goals I need to achieve and need to know a lot more about money.
I actually visited Vietnam in 2008 and 2010 for some charity stuff but only have 1,000 VND in cash and I am kicking myself for not smuggling the millions I had (Millions are worth $50 there lol) back here...because perhaps that too one day will skyrocket in value like IQD.
What got me into the dinar was a article that simply pieced together bits of foreign policy and politics into a story that made sense. It talked about how the US invaded Iraq in the gulf war and again in Iraq 2.0 to devalue the currency and buy significant quantities of it. I can't find any information on US treasury reserves (maybe the FED manages and does not disclose gold / foreign currency reserves) but it would make sense that they obtained this currency, knowing that it eventually will skyrocket, coincidentally cleaning off all that national debt. I think if the US is still running up trillion dollar deficits, they have something up their sleeve anyway. Or maybe Obama really is just that bad lol.
At the moment I'm reading 'The future of Iraq Project' by the US Dept. of State from 2005, it's a photocopy of the original, a 200-300 page document that has been 'unclassified' and 'released in full' (I guess that means they didn't redact anything). I have a printed copy & a electronic.
At the very least I'll lose £100 on this project, at best $420,000, while learning lots about money so this is a pretty good deal.