jumpinj

WOW.. I had too see this mayhem for myself.. geez.. Most of you are pretty rutheless and I am definately glad I'm getting out of here..obviously not deleted yet, but i'm working on it.. 1. I didn't say to sell all you have, I said sell what you have to make you feel comfortable IF you were to suffer total loss. And yes, unless you want to fly to Iraq and smuggle large sums of money there, 90% sure will take a loss.... 2. My 20 yr investment plan started in late 2006. I had a specific amount of Dinar I was going to purchase every year for 20 yrs because I believed the currency would increase in value over time. Not Overnight! and it will, maybe not what we hold.... 3. I don't feel comfortable losing 16k us dollars so I am selling around 15mil Dinar and will not be buying more. I will however be investing in the stock market in Iraq. I will still have enough Dinar to make me a millionaire IF the 10% turns out. 4 Just like the gurus tell you they cannot reveal there sources, neither can I, but I can tell you the person I spoke with has over $900,000 us dollars invested in Dinar, accounts, and stocks in Iraq. He has many investor connections that invest more money on a daily basis than most will make their entire lifetime. His paper Dinar is going bye bye and will prob end up with some of you. he pays people a lot of money to help him make smart investments.. Not hopes or false leads 5.BTW I am actually making a profit on my Dinar @ 32- 37 dollars per 25k note... So not a loss after all! 6.This is a RUMOR- There are currently 2 Dinar sales companies trying to sell there companies on a private market - This is a RUMOR 7. Site owners, company owners, and pumpers will all tell you what you want to hear so ask them... Be prepared, and stop being so mean. I really would hate to see anyone lose their entire investment, although now.. Not so sure, might be a humbling experience for some Read more: http://dinarvets.com/forums/index.php?/topic/65884-oh-crap-not-good/page__st__40#ixzz1LyzEy2Xm

WOW.. I had too see this mayhem for myself.. geez.. Most of you are pretty rutheless and I am definately glad I'm getting out of here..obviously not deleted yet, but i'm working on it.. 1. I didn't say to sell all you have, I said sell what you have to make you feel comfortable IF you were to suffer total loss. And yes, unless you want to fly to Iraq and smuggle large sums of money there, 90% sure will take a loss.... 2. My 20 yr investment plan started in late 2006. I had a specific amount of Dinar I was going to purchase every year for 20 yrs because I believed the currency would increase in value over time. Not Overnight! and it will, maybe not what we hold.... 3. I don't feel comfortable losing 16k us dollars so I am selling around 15mil Dinar and will not be buying more. I will however be investing in the stock market in Iraq. I will still have enough Dinar to make me a millionaire IF the 10% turns out. 4 Just like the gurus tell you they cannot reveal there sources, neither can I, but I can tell you the person I spoke with has over $900,000 us dollars invested in Dinar, accounts, and stocks in Iraq. He has many investor connections that invest more money on a daily basis than most will make their entire lifetime. His paper Dinar is going bye bye and will prob end up with some of you. he pays people a lot of money to help him make smart investments.. Not hopes or false leads 5.BTW I am actually making a profit on my Dinar @ 32- 37 dollars per 25k note... So not a loss after all! 6.This is a RUMOR- There are currently 2 Dinar sales companies trying to sell there companies on a private market - This is a RUMOR 7. Site owners, company owners, and pumpers will all tell you what you want to hear so ask them... Be prepared, and stop being so mean. I really would hate to see anyone lose their entire investment, although now.. Not so sure, might be a humbling experiance for some

All I can say is, if your not ready to lose it all, sell what you can to be comfortable losing it all. I'm out. My 20yr investment plan is scrapped and I will be selling on an auction site to a level that will make me ok with a total loss. If you have an account in Iraq you should be ok... That meaning not a total loss.. There is a reason why sellers and pumpers are getting out. (there will be more leaving the scene soon) It's not good in any way. If you see a major news announcement on Iraqi Dinar + dealers within the next year, it won't be the RV we all hope for. It will be something we all have tried to deny and keep pushed out of our thoughts. I will not be replying or looking at this thread after it is posted. I suggest to you all to get comfortable, get out of the sites, and live your life... It is soon to be over, but not the way we want it. MODS PLEASE DELETE MY ACCOUNT. THERE IS NO WHERE ON THIS SITE TO CANCEL / DELETE OR I WOULD DO IT MYSELF. I'M OUT WITH THE REST OF THEM.

Here are some Iraq news stations.. NO Shabibi on TV anywhere, not today, not yesterday, and not this week.. http://www.streaming...e-Iraq-TV/p/457 http://www.alsumaria...News/index.html http://www.assafirpress.com/ Read more:

Here are some Iraq news stations.. NO Shabibi on TV anywhere, not today, not yesterday, and not this week.. http://www.streamingthe.net/Al-Sharqiya-TV-News---Live-Iraq-TV/p/457 http://www.alsumaria.tv/en/Iraq-News/index.html http://www.assafirpress.com/

I said I would bring something back from 2004 and here it is, and it's the least discouraging article from that year. The funny thing is this article addresses questions that people have been asking on here for the last few months. Like those asking about getting currency out of Iraq, comparing to Kuwait, and oil. And the answers are nothing new. Also, this is one of the few, more positive articles from that year as Iraq was still in a major world of crap.. Still, remove the date and its much like the articles posted today and it was put out 7 years ago. Published: October 15, 2004 Staff Sgt. Matthew Gadbois, a Vermont National Guardsman with the 1st Battalion, 86th Field Artillery at Camp Victory, Baghdad, shows off his investment in Iraqi dinars. Juliana Gittler / S&SBAGHDAD — In drawers and footlockers, servicemembers in Iraq are banking on the future by hoarding millions of Iraq’s year- old currency, the dinar. Many suspect the dinar’s precipitous drop in the past decade could mean a huge rebound ahead. Each dinar was once worth a few dollars; they’re now worth a fraction of a penny apiece. If post-war Kuwait is any example, they might be right: A Kuwaiti dinar was valued at a about a dime after the war. Each now brings in $3.40. Still, that’s a big gamble, financial experts say. And Iraq is no Kuwait — a small, politically stable country with massive oil reserves. Insurgents, a nascent government and extreme poverty still plague Iraq. “If only the country turns around,” said one investor, Staff Sgt. Matthew Gadbois, a Vermont National Guardsman with the 1st Battalion, 86th Field Artillery at Camp Victory, Baghdad. “That’s the gamble,” adds another, Sgt. Richard Couture, from the same unit. The two, and most soldiers they know, have picked up a few hundred thousand dinars — equivalent to a couple hundred dollars. They know others who have bought considerably more. Advertisement If the value jumps just a bit — from 1/16th of a penny to 1/8th of a penny for example, investors double their money. If it jumps to a few cents, they can start paying off mortgages, the goal for Gadbois. He learned of the scheme from a fellow soldier who, he adds, likes to gamble. “I was skeptical at first,” Gadbois says. “But it’s like playing the stock market. If it takes off, great.” Iraq has a few attributes that make it attractive. The most obvious is oil, and the fact that it could blossom into a functional country. Still the government could overspend and weaken the economy despite its oil. And there’s always inflation to dampen the already low value. “While that is a nice idea, soldiers probably shouldn’t be currency speculators,” said Michael A. Goldstein, associate professor of finance at Babson College in Massachusetts in an e-mailed statement. “All sorts of things could happen, especially inflation in dinars. This is likely a sucker bet — if the major investment banks aren’t speculating, neither should your average GI.” He points to the example in Eastern Europe after the Cold War. Gains in currency value were eroded by inflation as the country developed. “One of the easiest ways to finance government expenditures is just to print more money and spend it. When the government prints more money, it causes inflation,” he says. It might also be difficult or expensive to off-load the dinars down the road. The few banks that buy foreign currency in the States charge fees for doing so, he says. Many soldiers recognize the gamble and are prepared to wait years to see what happens. “It’s not really a big investment,” says Capt. Scott Moreland, currently serving with the 1st Battalion, 185th Armor Regiment of the California National Guard in Camp Scania, Iraq. “Most of us have thrown a few hundred bucks at it to see what happens. Your odds are better than they are in Vegas.” He adds that Department of Defense savings programs are probably a better bet. Military investors should note that U.S. customs laws require them to declare if they bring home more than the equivalent of $10,000 in any currency. And post offices in theater forbid mailing currency home. But there is no Department of Defense regulation to stop them, according to military officials. The get-rich-quick idea isn’t limited to those serving in Iraq. On the auction Web site eBay, dinars sell for marginally more than the going rate. A recent sale collected $75 for 100,000 dinars. Under the current exchange rate, that amount should cost about $68. Scores of vendors online have been set up just to sell dinars. In one case, a million dinars, worth about $685, was on sale for $895. One of these sites sums up the efforts in its name: Betoniraq.com Its Web site adds a caveat: “We sell genuine currency that, in our opinion, stands a good chance of appreciating in value. We can offer no guarantees of a return on investment.” Goldstein adds that as a gamble the idea isn’t crazy, but it’s certainly not a wise investment. “Short answer — don’t do this with more money than you usually bet in one evening’s poker game.” --------------------------------------------------------------------------------

Um, check the date he signed up..(you happen to be more of a newbie than him) Only a newbie by no of posts, unlike some who enjoy the limelight a little =)

HA! Finally an article to start pulling people back to earth... This should stay at the top. Thanks for posting +1

This is a very good article. Not what anyone wants to here or read, but true. Could be just what people need to stop writing hot checks, get some sleep, and focus on the long term. When I looked into this investment I saw many things. Long term was the biggest. 20 years, 8 down, 12 left to go (Hoping within 3 yrs, but we shall see)... Look up all of my past posts jumpinj 7 gurus 0 and I have no intel, no boots on the ground, no bank execs, and no dogs..Smoke and mirrors you say?? Ha ha, denial is the first step.. IMO this is a much better investment than a 401k, so I'm still happy on my 20yr timeline... Keep an I out, I'm posting an article from 2004 that answers questions people have been asking on here for the last few months, and its the most positive one I could find since Iraq was still in a world of crap at the time.. Have a great day!!!

Wow... Maybe I should start posting complete lies so I can get some positive remarks.. =) If you read the whole thing, its actually not 100% bad. Yes, it is 5 years old, and yes we were dealing with more serious situations in Iraq at the time, but its neat that the overall subject and information provided is so much alike with info and rumors from today. If you were to remove the date, take out info relating to the date (like old websites and such), make the article from CNBC, and add Okies name in it, you would think it was from today.. Just because it's not new, or 100% rv positive, or The rate is in!! Just needs to get thru scanners at the airport! =) You shouldnt get mad.. Denial is the first step to realizing this thing is a long term investment (long term being years, not months)... But it has to rv, Iraq can't make it like this anymore, our world will fail without an rv, Iraq has too much oil and resources to not rv... Iraq is doing just fine. They just have to deal with a lot more zeros than most... Not to mention they are selling millions upon millions of Dinar each and every day... =) Bash away, it just proves your in denial, and that makes me happy knowing your on your way to smart investing.. lol I think I'm going to dig back to even 2004 so get ready! Have those hands on the keyboard!! Start getting fuming mad cause its comin... HA! Lighten up and enjoy your week!

Betting Millions on Iraqi Money 9/18/2006 Internet Scam or Smart Investment? By TOM LANE Sept. 15, 2006 — - The odds are debatable, but many people around the world have wagered that the new Iraq will flourish and democracy and free-market capitalism will thrive there. Some have even put money on that bet. Phil Lloyd of Devon, England, 41 years old and unemployed, is one of them. A simple typing error while surfing the Internet gave him the idea to bet on Iraq and, perhaps, become a millionaire overnight. Searching for a dinner set on eBay one evening in 2003, Lloyd misspelled the first word and found himself looking instead at a page of "dinar" auctions: wads of the new Iraqi dinar, introduced that year. Some of the listings claimed this was potentially a dynamite investment: Buying into the Iraqi currency at its historically low exchange rate would hold the potential for an enormous profit in the future. After some Web-based research, Lloyd decided purchasing hard-cash dinars on eBay was a "good risk." He explained, "Since I live on a council estate [the British subsidized, low income housing] and know I won't be rich at all in my life, I decided to give it a go." By purchasing roughly 25,000 Iraqi dinars at regular auctions, he is now a dinar multimillionaire. But will the Iraqi economy improve enough that Phil Lloyd's millions of dinars will eventually equal millions of dollars? 'Dinar-holics' Lloyd is far from being the only investor to gamble on an improved economic situation in Iraq. In 2003, the Bush administration argued that the military operation in Iraq would be largely self-financing, because of Iraq's enormous untapped oil reserves. After the fall of Saddam Hussein and the introduction of a new Iraqi currency, the former dinar-dollar rate of 3-1 altered to roughly 1400-1. The Baathist regime had set the 3-1 rate, but it had never been tested on the open market. In the face of a prospective flood of international assistance and Iraqi enthusiasm for rebuilding the country, though, this detail didn't worry many investors. An increase in the dinar's worth seemed inevitable. Buying dinars at 1400-1 seemed like a great investment if the Iraqi currency exchange rate returned to 3-1, or even 1-1. Buying up as many dinars as possible as quickly as possible seemed the only rational thing to do. Many of these investors, or "dinar-holics" as they're sometimes dubbed, have connections to -- or experience as -- military or contractor personnel in Iraq. Others found out about the investment in much the same way Lloyd did: They stumbled across the idea on Web sites like BetOnIraq.com. Lloyd and several thousand others discuss their investments on Iraqinvestors.org, a message board forum in which members use shorthand forum names to chat, gossip, exchange information, and offer encouragement. One regular exhortation for courage compares the Iraqi dinar's potential rise in value to the rise of the Kuwaiti dinar after the 1991 Gulf War. Following that war, the enormously devalued Kuwaiti dinar rallied steadily, bringing substantial returns to anyone who had bought the currency while its price was low. The deutsch mark's rise after World War II, with West Germany rising as the economic phoenix from the ashes of a vanquished, oppressive regime, is also a point of comparison for the dinar investors. The Threat of Civil War But these lofty historical parallels often seem further out of reach, especially as military or diplomatic leaders worry openly about a descent into full-scale civil war in Iraq. Rather than history repeating itself for the benefit of investors, increasing sectarian violence suggests Iraq could be closer to James Joyce's maxim, that history is a nightmare from which we are trying to escape. Reaction to the growth in sectarian fighting has varied among the dinar-holics. Some have crumpled in the face of overwhelming negativity. A member dubbed "Skillet" wrote with almost paranoid exasperation on the Iraq investors message board that "Since I made the move to invest, I have come to the realization that quite possibly this could be yet another ploy to take advantage of the American people." Others remain optimistic but increasingly cautious. Forum member "Ferrari500" of Columbus, Ohio, told ABC News that although "I know we won't make the millions we were told we would," he still expected to make "some serious money on my investment." Another Ohio investor wrote that he took a similar but humorous approach. "WebGuy75903" told ABC News that although he still believed investing was a "no-brainer," he tried to keep it in perspective. Knowing that in the worst-case scenario of an Iraqi civil war and national breakup, his dinar collection could become worthless. But he could still say to his wife with every newly arrived order of dinars, "Honey, our pretty wallpaper came today!" Many of the investors appear to fall in this category: people whose initial expectations have dampened somewhat but who continue to hold hope for the future. They expect this to be a long-term investment. They bank on Iraq not falling into civil war, on the violence diminishing, and on -- essentially -- a positive response to the choice Gen. Peter Pace posed for Iraqis in a recent U.S Senate hearing: to decide "whether they love their children more than they hate their neighbor." The Financial Version of the Rapture There are some investors, however, who accept this onslaught of bad news as a kind of gantlet -- a fire though which those with courage shall pass but will leave the faithless singed. Many hold that a "re-pegging" of the dinar rate is imminent. They expect that the authorities will soon set the dinar-dollar rate at something far more favorable. If that were to occur, those who maintained their faith will be millionaires; those who buckled in the face of adversity will have missed their opportunity. With its religious intensity and scorn for nonbelievers, this belief is almost the financial equivalent of the rapture. Some members of iraqinvestors.com, such as "Charmed Piper," seem true believers to the bone, frequently predicting a "1-1 or higher" dinar-dollar revaluation "any day now." Another member, "Taxmama," the proud owner of 31 million Iraqi dinars, wrote to ABC News saying that she expected the Iraqi government to repeg the dinar to the dollar at around 100-1 later this month. This, however, would just be the beginning. "When it starts out small, it will only grow. Most feel it should easily reach one U.S dollar per dinar by one year." Rumors of a coming repeg fly around the Internet regularly. William Murray, chief press officer at the International Monetary Fund, says his office receives calls "on a relatively regular basis" from people inquiring about "a whole raft of speculative stories" they seem to have discovered online. Murray tells each caller that the IMF would not have a hand in any putative revaluation, and told ABC News that he suspected these rumors are fabricated by dinar sellers to "influence" people into buying more. Many postings in the Investorsiraq.com forum suggest there is some truth to this, and that dinar-sellers prey on this hope. But heavy-handed sales tactics do not seem to account for all the true believers. "I am WANTING REAL BAD to retire," the member known as "Taxmama" told ABC. Many have similar aims: putting the kids through college; finishing off the mortgage; creating a financial pillow while setting up their own businesses. For some, the dinar investment is also political. Sean Malowney, a self-described prowar investor, argues that supporters of the war like him need to "put their money where their mouths are." What finally sold him on the investment, Malowney said, joking, was the prospect of "the everlasting ability to say, 'I told you so.'" He recalled that on discovering the dinar investment opportunity, "visions of driving a new car with a personalized license plate of BUSH CO or WARBUX danced in my head." Many investors, however, would take exception to the WARBUX implication. They would say, rather, that they are profiting from -- and contributing to -- peace within Iraq. One poster on the Iraq investors Web site who calls himself "Darkring" hoped that ABC News would emphasize that most dinar-holics are "trying to help out in our own small way by investing our money into Iraq." This opens a door on the thinking behind what drives many who believe in the wisdom of investing in the dinar: The investment just feels as if it ought to be right. After all, the tale of the little guy taking a big risk, flying in the face of conventional wisdom but winning holds great emotional resonance. The core of the "sudden repeg" belief is a magic combination of virtue, courage and hard profit. A Reality-Check Sadly, like many a get-rich-quick scheme, the dinar investment plan may be a nice idea that crumples in reality. First, as several members of the Iraq investors online forum observe, if there was to be an overnight 1-1 revaluation, ordinary Iraqis would wake up to find their currency had ballooned in value, and there would surely be utter chaos. The writer and economist Paul Ormerod, author of "Why Most Things Fail," said that some may be overly optimistic about the dinar's prospects in order to gain quick wealth. If the dinar did indeed hit a 1-1 level in the near term, Ormerod said this would come from a "redefinition of the currency" rather than a genuine appreciation in value. Rather, a new lower currency would be introduced, and the old currency traded in for that. The appropriate historical parallel would not be the West German deutsch mark or the Kuwaiti dinar but France's transition to the "new franc" in the late 1950s/early 1960s, in which one new franc was worth 100 old ones. Needless to say, no one stands to make a windfall from that scenario. A Long Term Prospect? Ormerod noted, however, that the difference of opinion on the dinar's future may help true believers. Simply put, he said, "If the dinar-holics succeed in converting everyone to their view, they won't be able to cash in their investment. If literally everyone thinks the dinar will go up and up, no one will ever sell." Given that one can usually buy 1 million Iraqi dinars for less than 1,000 U.S. dollars, the dinar game could still be of interest to optimistic -- and patient -- investors. Experts at the currency conversion site www.XE.com note that "in our opinion, buying the Iraq dinar is a high-risk investment with a poor outlook." But to some investors, the lure of proving doubting experts wrong can be as strong as the prospect of the eventual reward. And, of course, some will invest because they simply cannot shake the fear that if they failed to join the dinar project, and it did eventually pay off, they'd kick themselves forever. "Ozioz," a 33-year-old Los Angeles carpenter, posted on www.investorsiraq.com bemoaning that he was always working in the houses of people who had cashed in on deals he too could have entered if only he had heard about them earlier. "I have always been looking in the window from the outside," he wrote. "Now this is my turn ... my time to be one of 'those people.'" It would be heartening for these investors and for Iraq if their hunches were to prove correct and optimism triumphed over the nay-saying experts. But few expect that positive outcome to happen, literally, overnight. Copyright © 2006 ABC News Internet Ventures

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Found it.. Heres the link.. Hope it works http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.alsumarianews.com/ar/3/20064/news-details-.html

Well he is not lying in my opinion.. Here is what I posted December 2010 and I got bashed to h e double hockey sticks... Come on people. I own 15.5 mil dinars. I plan on buying more in 2011,12,13,14 and so on... Lol catch my drift? The dinar will increase in value over time. This is my big risk investment and I believe everyone should see it that way. Diversify! Forget all these gurus, you don't need them. Watch cbi, join forex chat rooms and talk to people who make there living from trading currency, and last but not least live your life as if there will never be an rv. Currency will increase in value and will produce a great return, but it will be over a large span of time.... Read more:

YOU are exactly 100% correct! I agree with you 100% Go to my profile and view my posts... Plus 1!