frankc

link please

It just means they have gotten the topic "bumped" to the top of the list.

You are so right. Don't know how folks misintrepret an rv out of an rd description.

If the gigantic math error had already been pointed out it might have been appropriate to have mentioned it so the "newbies" weren't misled. The CBI site states there are 69 Trillion dinar in supply not simply 1 Trillion as in the example. To do a $2 or $3 USD rv does tend to stretch the immagination especially since Iraq has been publishing many articles saying they plan to redenominate their currency by deleting three zero's from their currency notes. On april 12 Iraq published an article saying they do not have the resources to pull this gigantic amount of currency in and inspect each note so plans were cancelled until further notice. All of us hoping to make money on this certainly don't want Iraq to RD.

"Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right? The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column." The math is not correct in this example. If the CBI were to pay $2.25 for every dinar and the assumption is there are $1 trillion IQD out there then the CBI would be on the hook for $2.25 Trillion USD not $225 billion.

US Treasury notes are not backed by gold.

Ali's exchange rate is among the lowest in the industry. He subtracts $150 from the advertised $900 and subtracts shipping, wire fees, etc making your net almost $700/mil. A total rip off to those selling back to him.

So Scooter says they have a lot of things to do before they can move forward. Intrepretation, nothing happening soon. We have a long wait. I don't like the sound of that.

Yes, it surprised me how LITTLE Ali is paying to buy back dinar.

FYI--I called DinarTrade in LV today to verify their $900/mil. Unfortunately you need to read the fine print which states that Ali charges a $150 exchange fee plus shipping against that $900 so you end up very close to $700/mil. Ali, Ali he's our guy.......sure. Another rip off from Ali. He'll make close to $400 on every million buy back and flip. He just opened LV to make money. Don't read anymore into it. Also, the office is not open to the public. You are not allowed to go there. You must fill out their form on line and mail your dinar to them. GID does buy back as advertised at $940/mil with no hidden chgs they told me but they only buy back from their previous customers. So if you didn't buy your dinar from them you cannot sell your dinar to them. Take note.

I called DinarTrade in LV today to verify their $900/mil. Unfortunately you need to read the fine print which states that Ali charges a $150 exchange fee plus shipping against that $900 so you end up very close to $700/mil. Another rip off from Ali. Also, the office is not open to the public now. You are not allowed to go there. You must fill out their form on line and mail your dinar to them. GID does buy back as advertised at $940/mil with no hidden chgs they told me but they only buy back from their previous customers. So if you didn't buy your dinar from them you cannot sell your dinar to them. Take note.

Wrong. You need to call Dinar Trader. I did today. They advertise $900 a mil but then you find out the take an additional $150 a mil plus shipping which leaves you with not much over $700 a mil. Ali is back to soak investors and make more money at our expense. No other reason. I also called GID and they only buy back from previous customers. No one else. I don't think this is good news for us. Sell back options are dwindling fast.

I remember that scenario was passed around a yr and a half ago by a guru and still doesn't make sense. How and why would Iraq possibly use all their oil dollars(their main resource) to pay for an rv when they need more oil than they currently produce to keep the country running (as poorly as it is done). It would break the country. Iraq has been publishing articles for a long time saying the intent is to do an rd and recently came out and said they don't even have the resources in place to do that. It came out late last yr that the US FED secretly had created and spread $16 Trillion dollars around the world to many foreign banks and companies to prop them up. Look how that has turned out. The world economy is tanking still and with the gigantic debt just getting larger is on the brink. How is Iraq with their tiny GDP, no infrastructure or security and worthless currency going to rise up out of the flames and save the world. Would love to see it happen but it does test the imagination just a tad bit.

You need to check your facts a little closer. GID only buys back from previous customers. You had to have bought your dinar from them or they will not buy them. They do however pay $940 without an exchange fee of $150 like that crook Ali charges.

Folks, if you just call their LV office you will find they have fine print listing a fee of $150 per million so that cheap sob is only really paying $750/M less shipping as well. Ali then flips your dinar to someone else for $1080 plus shipping and makes a cool ~ $380/M to $400/M off of sell backs. Don't read anything into why he's back other than he's making big bucks off people. Ranks right down there with pond scum.