Rasent2

Don't have any name, number, etc. from the guy who posed the issue to me. But if I DO get something, I'll post it for you Dallas gents. Going to be there myself on or about 1 Oct. to bring mother in law home to Granbury. My son lives in The Colony and was born in TX at Beech Army Hosp. when I was stationed at the old Ft. Wolters in '69 as an instructor pilot. Plus I married a Denton TWU girl 48 yrs ago. So I've got an "anchor baby" in TX should they decide to secede.

Probably out of ignorance. Whereas we've seen articles about the non-feasibility of the more prominent "wild" claims of "millions to be made for hundreds of investment" it does sound too good to be true and probably it won't be as high as the virulent optimists predict. But the reality is that if Iraq is EVER to be more than a footnote and if it EVER gets its act together to capitalize on the great wealth that is there, the investment, though risky and long term, is reasonable. Energy is STILL the key to economic growth and if the info on the undeveloped western oil reserves is accurate, Iraq could replace Saudi Arabia as the oil "king" in the region. While America might screw itself with ill-advised energy policies, the rest of the world WILL BUY oil. We could end up as one of the least economically viable nations with the cleanest air on the planet. We may starve to death but at least we won't die of lung cancer! To replace fossil fuel energy with say, solar, some scientist say we'd have to turn Arizona into one big solar panel. So for my money (invested in IQD), I ignore those that dump on us for being fools. I don't think those of us remaining in this investment are "short term thinkers" but have the long view. I've noticed that many of the articles poo-pooing the dinar promote some OTHER investment that the article writer is pumping. So the argument is "MY opportunity is better than the dinar so give ME your money". Recently there are a lot of articles on the various net sites (AOL Huffpost, et al) about the weakening of the $$. While true to a degree and presented as "unbiased news", virtually ALL of the articles a) are written by some investment firm, and promote BUYING THEIR product to "protect yourself from the weakening $$". No article presents a solution to strengthening the $$ just how YOU can "protect yourself." So according to them, things are going to "hell in a handbasket" relative to the $$ BUT if you buy MY investment product you will have MORE of the WEAKER $$ than the other guy. At least with the dinar, at its least feasible RV, the difference is so much greater even with a weaker $$ we will come out ahead (I think). Most probably bought at a tenth of a cent per IQD so at a dime RV, that is still a 100X gain. That beats the hell out of any feasible weakening of the future $$. But all are focused on short term returns and this is certainly NOT short term. But yet it STILL has gone from 4000 to 1 to 1100 to 1. How many have sent in $35 to get a video on how to "completely free yourself from the electric grid" and save hundreds in one year. Or "Lose 50 lbs in 6 mo guaranteed" and it only costs $50 a bottle for a 30 day supply. Let's face it, people WILL try to scam anyone and the nay-sayers are always with us. I always remember that "He who laughs last ... has found another meaning for the joke!"

LOL. 6 yrs a member and 21 posts, not exactly a proficient nor prolific lurker! But thanks. Got the info from a fellow "dinarian" not a member of this net and was checking it out amongst people whose opinions I generally respect. It seemed a new wrinkle, apparently on and old scam. But one must do his "due diligence." So many of my friends in "this" ask me about new things and I tell them to never eat their seed corn. If you can hold out do so, if not cash in and get rid of the anxiety. Losing a few bucks is better than losing your hair over this. It IS interesting how the scammers seem to be able to add just enough "possible truth" to the standard yarn to make it sound reasonable. Again, a learning experience. As one wise man said, "All good judgment comes from bad experience and all bad experience comes from bad judgment!"

Sorry to have wasted the time of the group. I'm not fully conversant on what is a "serious" question and what is not. I didn't "get the memo" defining the terms. From the tenor of responses, I'm not certain what "serious" means here. For those of us "new" in the game, everything is a learning experience. This certainly was.

Appreciate the input from the more knowledgeable here. The point of the post was to ask this august group their considered opinion on a legitimate question not to propagate a falsehood. If we can't ask questions here and get reasoned responses, then this forum is useless. For those whose opinions that this was a scam, thank you for you input. That was my first reaction and your opinion seems to confirm it.

Recent I heard about a speculator in Texas who suposedly is buying dinar now at $2 per IQD. His process is similar to the traders; make an appointment, go to his office, validate and turn in your dinar and after about 3-4 weeks your account will be credited at $2 per IQD less federal tax on the exchange. He will allow only one appointment per individual. Thus, if you wanted to "test" the system by cashing in a smaller amount, YOU could not come back later. However, you could make an appointment in the name of your spouse or significant other to complete the sale of your IQD. The idividual is also making the same offer for VND. The contact has been "checked out" by my info source and seems legit or at least has no overt evidence of a being a scammer. But this does to seem to be a new "wrinkle" of which I have not been aware over these years. Supposedly, certain banking officials (Wells Fargo, BoA, Chase, etc.) have "gotten together" and agreed to not convert IQD from private holders, especially those with smaller amounts. What that means precisely is unclear. More importantly what this means for VIP members and the Certificate is a question. This individual ostensibly has connections with CHINA. He will buy NOW your IQD at $2 and process the IQD through CHINA to pay you your value (hence the 4 wk delay). His "deal" is that "he can afford to wait" for the real RV and then through his China contacts will cash in at whatever rate (above $2) and thereby make his money. Or he is selling IQD to China to get yuan (or whatever) which is devalued right now and exchange further up the line like some Hong Kong money sellers I met on R&R in Hong Kong in 1968 during the War. According to my info, this individual will buy your IQD and pay the federal tax on the exchange so your actual return deposit will be $2 per IQD less the tax. You would still be liable for any state taxes on the exchange. The value here is that what you receive is what you'd be taxed on by your state. I'm not certain how that works (smell test). Somehow this is not passing the "smell test" for several reasons. First, China. Is China trying to dump USD? Second, unless the RV will be above $4 I can't see a benefit to paying $2 now to make a net $2 later and less to pay $2 to get $1 (at a $3 RV) unless the RV is right around the corner and this guy is a billionaire. The "hook" in this is the offer to us for $2 now instead of something higher later at some unspecified time. Just the carrying costs of the cash over time decreases any profit on the transaction as I see it. And third, I can't see banks losing the opportunity to profit on the rate differential between what they would give us and what they would get from the Fed. I don't know of any US bank that can trade directly with another nation's central bank. As I understood this in the beginning, the banks will get one rate at their level and would be giving us a lower rate by 2% or such. Just thinking that private holdings of IQD is supposedly estimated at nearly a Trillion $$ there's a lot of money to be made by just signing your name twice. How see you all on this "opportunity"? Am I seeing this accurately? Has anyone else heard of this opportunity? If legit, we have been waiting a long time and $2 now seems attractive to a continuing wait for some RV which could range from 50 cents plus or minus to $4 (per the incorrigible optimists.) If this individual is willing to pay $2 now, who cares what he's up to. "Bird in the hand...." and all that! For those of us in the VIP, if true that the banks are "iffy", how does that affect the Certificate Adam offers for VIP membership? Not to disparage Adam whom we do hold in high regard, but if this individual's bank intel is valid ....? Comments please, especially Adam as it affects the VIP Certificate! Rasent2, a loyal lurker!

Please Dinar-ify me as a VIP member. I have been a VIP member for several years until 8 June when I accidentally lapsed in my 3 month dues. I re-established my VIP status on 14 June (have receipt) for 3 months. I also requested to be Dinar-ified "many moons" ago when this option appeared. My member name does not list this. Please correct the situation as I have RE-ESTABLISHED my VIP status via the online payment option and have the receipt. Thank you, Rasent2

Adam, I do not have pics of my dinar but I am a renewed VIP member. I've requested the verification before, but it has not been acknowledged. Please dinar-fy me with the badge. Robert Skiba

I don't have a pic I can insert. Please badge me. Thank you, Robert Skiba

If this is a scam then: Have you sold all of the dinar you bought in 2010? If YES, what the HELL are you still doing on this net? Trying to convince yourself that you are right by getting someone else to sell off? Or do you just like to rain on the parade of others? If NO, then why not? Trying to get someone to take your 2010 dinar off of your hands at some profit? You probably bought at about $1020 per million in 2010 (with fees) and now the purchase price is about $1040. Trying to make a $20 profit on a scam? Isn't that a scam? Well the buy back last year was $860 per million, went up to $900 per million and seems to have dropped to $880 per million. So you still can make $10 to $20 which will cover your FEDEX fee. So get with it. Dump your worthless, scam dinar and leave the discussion! If you are serious about this, I'm sure there are some here who will take those worthless dinar off of your hands at a discount!

Well, they shouldn't get too upset. The "entertainment" media has a 30 yr deficit in understanding. It wasn't until Mel Gibson's "We Were Soldier" that I saw ANY, and I mean ANY realistic portrayal of what I went through as an assault helicopter pilot and even that portrayal was relatively tame against reality. Although the scenes of troop insertions and resupply under fire, puking after those insane night resupply missions, and the brief pretty real scene when the chopper was hit and the pilots killed. The "tic tic tic" of the rounds hitting the aircraft, the head on views of tracers coming at you (one tracer in ever five rounds) on an insertion, etc. was pretty realistic, but like I said, it took 30 yrs for them to finally get it right. Nobody knows who wasn't there, either then (my war) or now. Chopper Jockey

I do not think that speaking out through the UN (e.g. such as your links to petition on Iraq's behalf) would sabotague our investments at all. Considering the apparent ineffectiveness of the UN in Iraq over the past 20 yrs (from before the 1st Gulf War), I would consider it an exercise in near futility. But any effort to advance the cause is a positive action. However, in comparison to petitioning our own government on their behalf, it could prove more effective and less damaging to our personal financial information integrity than letting our government know more than they need to about our affairs. It is not an issue of our investments being "secret", it is merely a point that even with the gigantic windfall that our OWN government will receive, with trillions of IQD in the Foreign Currency Reserve, they are not themselves satisfied with their return but will be demanding what I would consider excessive taxes on our measly good fortune. Let's face it, WE are "small potatoes" compared to the US Government holdings. Most analysts agree that there will be a "government to government" rate which will be different than the "public rate" our government will allocate to private exchanges. Our collective benefit won't amount to a "pimple on their butt", yet they STILL demand from us over one third of our gain. The alternative is to exchange OUTSIDE of the US system, but even then that exposes us as individuals to more scrutiny by dealing in large sums of money with foreign banks. In the current climate of terrorism and distrust, again, to expose oneself to government scrutiny is, in my view, to take a needless risk. So any course of action, places many US citizens in the position of risking personal identity intergity and financial integrity. I don't think an RV would backfire against any investor in the pure sense. The only downside would be OUR OWN government taking advantage of OUR "good luck" and taking advantage of us. Let's face it, in the US, a short term captial gains tax of over one third of the profit is practically confiscatory. We make the investment, take the risk, and they reap a lion's share of the result. Of course, we have little choice in this, so, for me, I expect to be as "quiet as a mouse", pay my legal demand, and disapear into the "woodwork" as much as possible relative to this current administration of our government.

I believe they consider all "money" as THEIR money (since they print it, back it and distribute it) and we only get to USE it! Scary isn't it? The only money that is OUR money is whatever they aren't aware that we have :-( Buy gold and bury it in the cellar!

Offering no disrespect to you or your position, we see things a bit differently. I reciprocate your feelings of respect. As you are a Muslim, I can appreciate that your willingness to do whatever you feel appropriate to ameliorate the suffering of the people of Iraq is itself a means to be of value to all of us as investors. Certainly, as much as the RV, removal from Ch 7 et al would benefit us as investors, the benefit to the people of Iraq would be immensely greater on a more fundamental level. Approaching any "petition" to assist Iraq (for whatever reason) through an international body, to me, is significantly better than attempting to do so by petitioning our own government for reasons already stated. In this there are two separate issues. The first being to assist Iraq with getting on its feet. The second, which follows from the first, is to facilitate and maximize our investment return, certainly a secondary issue to the first from a humanitarian point of view. The petition direct to the UN may facilitate the first. However, it is my view that petitioning our government to do the same may be detrimental to the second. Certainly, any investor who wishes to join you in the petition to the UN would do so on their own conscience and your links are valuable to that end. My comments are restricted only to the feasibility or advisability of entrusting personal finanical information, voluntarily, to a government administration that, to me, has not shown itself to be trustworthy regarding its attitude toward sound fiscal policy and thus I remain opposed to doing anything that would abet such irresponsibility. As a retired military officer, I recognize the concept that in unity is strength. That is consistent with the First Principle of Mass. However, after my experiences in Vietnam, sometimes gathering together in large groups just presented the enemy with a better and more concentrated target. The fish that does not swim in the school often does not end up in the net :-) I applaud your concern and actions.

Interesting comment on several accounts. First, the CIA has lots to do with Iran, Afghanistan, Europe, et al, and even less credibility of late. While it is not out of the question that the CIA could know, for it to actually KNOW (regarding matters in the US) would violate its charter. The CIA is not supposed to be engaged in information gathering on US internal matters (that's up to the FBI). Whether or not it knows about WORLD-wide holders is a different issue. That it could extrapolate in GENERAL numbers US holdings, that is quite different from ME TELLING THEM that I've got dinar in my safe at home. Second, my comment was specific to ME and my inherent cynicism and mistrust of intrusive government the type of which our government seems to be developing into. Truthfully, the CIA, being constrained by law and legislation is quite different from the IRS which operates under established regulation. The difference is profound. Under LAW, you are innocent until proven guilty by the government. You may be accused but THEY have to prove your guilt. Under regulation, you are DEEMED in violation prima facie on their own interpretation of the regulation, you have the burden of proof (and expense) to show you are NOT in violation. Hence, my position of reluctance to give the government one scintilla of information about myself beyond that necessary. Third, I do NOT rest assured that the present government will not exploit us. Since the first job of government is SELF-CONTINUATION, I respectfully, but cautiously view EVERY act of government as potentially exploitive if it is a path to self-continuation. Right now, the biggest threat to THIS government's (administration) continued existence is the mounting debt due to expensive legislation. IF (in my view) they get the inkling that there's untapped money to be had from within its citizenry, I do not doubt for a second that they would endeavor to tap that resource to support their spending. Fourth, to increase the tax rate WOULD require legislation AND all that you imply. Thus, the LONGER we can keep them in the dark regarding the potential for easy cash, the better off we will be. Government that governs best, is government that governs least. Any entity big enough to GRANT favor is big enough to DENY favor. Our Constitution was designed to LIMIT the power of government in favor of increasing the freedom of the people. This is under change at the present. Thus, with reference to our potential profit, which at the LEAST consideration (e.g. RV= $0.86) would be in the vicinity of a 1000X (general) return, I would believe that such a potential would attract attention of the regulatory minions (e.g. IRS) and those on Congressional committees that oversee such matters. Remember, REGULATIONS are not the purview of legislation but solely a function of the inherent power of the organization when created to implement its mandate. While I appreciate your position, I cannot agree in what I would consider a naive trust in our presently construed system. Let the Iraqis do what Iraqis do, our government is sufficiently invested in their RV to, on its own, bring pressure without any of us doing anything to jepordize our personal financial position. When you consider that even a $0.86 RV would dump into US coffers several TRILLION dollars and would strengthen the position of the US$ as a global currency against a falling EURO, I'm confident that the government doesn't need out help in this. Remember most of us BOUGHT into this investment at $0.00086 per dinar and at the least may expect a 1000X return. ON this we wil pay a great deal of tax. I'd just as soon pay my just debt as little and as late as legally acceptable.

Well, I for one question the "investment safety" of petitioning OUR government to act on OUR behalf as private citizens to facilitate the execution of what would be for us a HUGE windfall profit. Given the present state of pending spending legislation (whether for or against is immaterial) and the cost of same, I would hesitate to voluntarily give our government more information on exactly who will gain this dinar RV benefit. Cynicism says they probably know anyway, however, reality says that our government will NOT know EXACTLY who and how much is out here until after we file the Fin 104 report on cash-in. To let them know NOW how much potential tax revenue is out here COULD tempt them to execute a "special" windfall profit tax on dinar speculation as was already presented and defeated. There WAS (reported) a bill to ADD a 0.25% tax on "excessive profits" from "short term" investments which was defeated. I don't know that I'd like to give them another chance at that! Right now, the longer we wait, the closer more of us come to long term capital gains, reducing our taxes by half. I guess my inate cynicism of the government tells me the less they know about my financial situation beyond that which I voluntarily report (e.g. taxes, etc.) the better off I will be. At least it will take a few months for all the Fin 104 forms to be reported to the Treasury and then a couple of months for them to gather their wits about them and say "Hey, there's a LOT of money out there we weren't aware of." Then they would have to craft a bill, get it through Congress. Seeing how it is probably not going to happen real soon, the chance of a NEW tax being passed before the end of this tax year is slim. Also since, the Bush tax cuts are supposed to expire at the end of this tax year, there is no telling what NEXT year will be as far as capital gains, etc. I guess my feeling is don't poke the hornet's nest. I'll just lay low, grab my money and get it into some kind of shelter as soon as practical, pay my taxes and then just hide (and spend discreetly). Personally, the less MY government knows about ME, the better I feel.