147 replies to this topic

[pocono]

Buddy, you'll be the first ever if you see proof regarding ANYTHING about this investment. No single guru or person on ANY of these sites has ever given more than their "word". They seem to have an abundance of "sources" however, though not one source has EVER been cited because it would basically put their life in jeopardy. I'm waiting for the day there's even a hint of solid evidence to help us feel confident about what we've bought into. If anyone disagrees, I BEG you, show me any single thing that proves this RV is bound to happen! (and saying "It HAS to, Iraq NEEDS it" is bullshit as well. I remember when they "HAD" to have it at least 4 times over the past year). And while I'm on my soapbox, the reason people get so negative about this is precisely because reality starts to set in and we see the absurdity of it all. It's time to call the bluff folks.

Gave you a +1 to help offset the 25 negs you'll be getting for being a realist...

[DAME1]

Got a question
Why is it that the US Treasury has to be the ones holding the dinars? I thought all the wild spending, QE 1,2,3, and so on came from the Federal Reserve...wouldn't they be the ones holding the dinars????
Dame...

[tamiflyer]

[quote name='tamiflyer' date='03 August 2011 - 12:47 PM' timestamp='1312397230' post='605523']
This is the part that I like:

"Under the proposed redenomination, the Iraqi government would issue a new dinar note that will be equivalent to 1000 current dinars. The exchange rate would be 1.17 new dinars to the dollar, equivalent to 1,170 current dinars to the dollar." Didn't the spokesman for The CBI just say yesterday, on another thread, that they were ready to implement a new 500 and 1000 dinar note? The above excerpt clearly states "Issue a new dinar note that will be equivalent to 1000 current dinars." Well, let's see! If they issue a new 1000 dinar note, it surely would be called a redenomination, in this case, the Kurdish language with it this time around. This could very well be that the new IQD would be at least equivalent to $1.17. Leaving information out of the truth does not necessarily make it a lie. They are throwing out information that can be purposedly altered by readers since it is so vague. This is their game and we will just have to wait until the RV happens along side the RD. AMMHO and observation. GLTA and Go RV.


I wrote this, If I can recall correctly, a few months ago. I still believe in it. However, I don't recall saying that the new dinar would be 1,170 to the dollar. That is what it is now, so why whould I say it? I believe that some of this is out of context, which means nothing to me, but just puts me in the playing field of monetary gain. Thank you for you post. GLTA and Go RV.

[sheik]

Why bother? He knows zero just like you and me.

[Deep Purple]

OTIS THE WHINO

My father has been corresponding back and forth with our congressman JO BONNER in Alabama. He has been asking direct questions and asked them to correspond with the US Treasury with questions concerning our investment in the Dinar. Well, we have gotten a few responses back but nothing of any direct substance. WELL....Today we received a DETAILED response from his office. I am going to upload the exact document they sent and post the email conversations. To us it looks as if we will now have a 1.17 Dinar to the Dollar BUT the document explains that the value of the dinar will be the same as it is now. We are not accountants so we have no idea what this ACTUALLY means. Can you please give us a clear and concise explanation of what this document states and what will happen once this RD occurs. Thank you and we look forward to your response.

Read more: http://dinarvets.com.../#ixzz1aLftzGXT

There is nothing to decipher, why are you folks contacting congressmen when you will never, I repeat never get the truth from them? My advice is to stop contacting these people, because even if they know anything about an RV, they will never tell the common citizen. Wise up!

[abby01]

There is plenty of reason to go further, and I can do this all day.

But, in the interest of others, please consider this.

I started out here believing only the Ccs, Chats and Gurus, because they enabled my desire for a RV; large and quick.

I argued, fired plenty of blank statements, quoted a multitude of forum facts.

I looked for the comfort of others that shared my desires and beliefs. They are called co-enablers.

I started tiring of being pelted by small doses of reality, in the form of official documents, financial statements and words from the mouth of Shabibi.

Like many here, I became very skeptical of empty promises, false statements, and claims that cannot be backed up.

Like many here, I probably have more official documents from or pertaining to Iraq, it's economy and monetary system on my computer, many of them printed out, than I have reference on the debt ceiling discussion.

Based on Space Cowboy's track record, the chances of him bing able to produce proof of FOIA results from the UST showing ownership of 20 trillion Dinar ( this rumor has already grown to up to 40 trillion Dinar, when spread by others) are fairly low; probably less than 1% probability.

Having not given up hope for. RV of some type, that kind of documentation would greatly help myself and others, if it can be produced.

All I can end with is a suggestion. If you enter a discussion about a tangible item, that can be seen, analyzed, and sources appear credible and the path from request to receipt appear untouched..... And you try to counter tangible information with a Frank said, then you are probably are going to be challenged..

Take it for what it is worth. I went through the same Baptism By Fire when I started posting. I am being a lot kinder than some of the responses I first received. Looking back, I deserved them...

Best of luck and sincere wishes your journey ends with the profit you desire..


That is a good observation, but it references both SDR's, and which currencies are in the basket that makes them up.

Unfortunately, the Dinar is not in that Basket.

It would be a poor choice to use any undervalued currency from a very unstable country to make up a basket of currencies to base SDR's value from.

Dalite, you always seem level in your comments, so I am going to ask you a question. I must say this kind of doc. does not make most of us feel warm and fuzzy about a RV. I am not understanding the $.14 part in the comments earlier about the $1.17 Could you please explain? Feeling a little weary!

[Froto]

So my next question is how many of these new notes can we buy with our currency we already have?? or trade for if that's the case because then we would come out ahead if they value them 1.17 -1 right?

Read it again. 1.17 is the exchange rate, 1.17 dinar per dollar. That comes out to $0.86 USD per each IQD, which after a 1000:1 RD, is exactly the same value you now hold.

Dalite, you always seem level in your comments, so I am going to ask you a question. I must say this kind of doc. does not make most of us feel warm and fuzzy about a RV. I am not understanding the $.14 part in the comments earlier about the $1.17 Could you please explain? Feeling a little weary!

See above. It is NOT $1.17 per dinar, it is 1.17 dinar per dollar (that comes out to $0.86 / IQD). If there is an RD, the TOTAL value does not change.

The big problem is that nobody is going to give you 1 new dinar per 1000 old dinar. A lot of people paid a 40% premium to buy their dinar, and should expect to get hit with a like premium if they try to exchange them or cash out.

... This could very well be that the new IQD would be at least equivalent to $1.17.

Nope, that is false.

[Froto]

I still dont understand fully what warka is, and I have always been told by friends to stay away from it.

Warka is a bank in Iraq (the largest privately owned bank) which will sell you IQD at close to the 1170/1 exchange rate (not the 40% mark up your friends paid). They will also pay you 7% interest on your savings account (more on a CD). You have smart friends.