JayP

Not that this little hometown website is any authority on any currency investment, and they are just going by the details of the indictment, and the statements made by the prosecution of where this group of men misled people regarding this currency, but they are definiitely not out to curb any speculation in any investment that is for sure...

Hello steveinfla.. On the contrary though, the IQD is in fact included in this. in the link, please see the third item down called "Oil Exporters 3/". Please note the "3/". Then look to the bottom of the page for the notes, and you will see what the "3/" is for. The note states: "3/ Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria." Iraq is specifically included in this combined total of 262.3 billion of currency held by the UST for these 15 nations.

LOL!! Yes.. good point too.. Good to see you as well bud!

Well the fact that there is some Dinar for basic expenses was never in question as indicated in the link I provided earlier, however, there is only a grand total as of July 2012 of 262 Billion in currency for all of the currencies of Oil Exporting nations combined. This includes Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria currencies combined total. The indictments also clearly state that they have been indicted for crimes they committed in providing false information regarding their backgrounds and facts regarding this investment, in addition to conspiracy to commit wire fraud and wire fraud, money laundering, and willful failure to file currency and transaction reports as you mentioned in your earlier post. It is important that we not overlook that crime so that we can all better educate ourselves as to who out there we can trust in this investment for information, and who we cannot....

The good news is that this is definitely not saying that the physical dinar is a scam, but the wire fraud, the hedge funds that did not exist, and most importantly, the Fraudulent Schemes and Artifices are the scams. Here is part of the definition that defines the crime of Fraudulent Schemes and Artifices: "Any person who, pursuant to a scheme or artifice to defraud, knowingly obtains any benefit by means of false or fraudulent pretenses, representations, promises or material omissions" "As used in this section, "scheme or artifice to defraud" includes a scheme or artifice to deprive a person of the intangible right of honest services. " As stated in the indictments, the clear lies regarding their background, education, and experiances in this type of investment, as well as providing misleading, and untruthful information regarding this type of investment in order to get their customers and members of their sites and conference calls to purchase various products and Dinar from them certainly falls within the definition of Fraudulent Schemes and Artifices. This is where the scam commes into play, and where they found themselves in the hot water they are now in. As long as they received the Dinar, and that it was not counterfeit, the physical dinars are fine, but the manner by which they were persuaded to purchase it, as well as other products, or promises given that they will be able to cash it in even in the event of a redenomination is where they committed a crime.

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt In this link you can see that there is obviously no "Trillions" of dinars that are in the US Treasury's foreign holdings. The indictment states that this was a lie that was being told to investors in order to persuade them to buy products from them based on false pretenses, hence the charges of fraudulent schemes and artifices..

Just to clarify this some what they are saying is this: "the process of printing new categories are 50, 100 and 250 dinars, and last category is equal to quarter of a million current currency and this will be the highest category to facilitate the transactions large" 250 will equal a quarter of a million current curreny which is 250000 dinars. Delete 3 zeros, from 250000 and you have 250.

Thank you for this comment Sonny1, it is nice to see that we can show how we can disagree, yet be respectful of one another. I think that this is critical to opening discussions where we can get to the real facts one way or the other

Now, that is a fun and nice way to try and defuse a heated discussion rather than throwing more fuel on the fire. Good for you.. and thank you!!

Your point is clearly blurred, because the reality here, is that I did not bring that topic up, so I am not sure where you are coming from here. I enjoy reading good, educated points and opinions from all sides, especially when they provide the details from which they are coming to their conclusion with. So, once again, because you have been given the green light to attack and bash by a staff member, you feel you can, so if you feel the need to do so, then I guess enjoy it. I would appreciate at least the respect of showing me where I brought this debate to the table in this thread...

Thank you for the helpful insight there Markinsa. I would like to know precisely what I did to warrant the need to take responsibility here? There are many members here, of many opinions, but are you saying as a staff member representing this site, that they are now on alert, that this site officially will allow attacks on people here if they have any information to share that may disagree or disprove something that certain members of preferential status say? If this is the official position of this site, then I think it would be fair that we call a spade a spade then, and just make sure that I, and all other members understand the rules here. I was always under the impression that Adam Montana, and from what I have seen from Bumper's responses, that all views are welcomed, as long as they are respectful. I have not been disrespectful, and when I felt I may have stepped over the line, I have apologized. I wish I understood what you are now taking a position against me for here, but it would be nice to know, because I have never shown you any disrespect.

Carrello.. go ahead bash away now that you have a staff member supporting it. If that makes you feel better then good for you. The truth is, I may not enjoy being attacked, but as far as being proven wrong on anything, I have never once been opposed to it, and in fact welcome it. I have provided links to support my positions in discussions, and welcome any mature, and well thought out response with supporting details, regardless if it agrees with my opinion or not. If you do not like that type of discussion, then that is your issue, not mine.

I agree 110% .. A staff member decided to make sure I knew my place with Stryker, so of course those that enjoy bashing has to take the opportunity to jump in and take a free jab while they can since there is nothing I can do to defend myself, and the bashing is not based on any one particular topic I can defend myself on...

Wow.. well, the fact is I was attacked unprovoked when I said nothing to him, nor said nothing about a lop, just stated a fact that Stryker whines like a child anytime anyone disagrees with him, and especially if they show facts and links to support their opinion, and that does not apply just to a lop discussion. The truth is, I do provide that info, and have asked him to do so now since he has attacked me, something that he has yet to be able to provide, just as I said he would not be able to. Markinsa, I was not aware of the lotsofdinar thing that you stated, but either way, I will show you the due respect as a staff member that you deserve for putting the time in for the site, so I will not argue with you. My apology if we are not allowed to correct Stryker when he attacks me or another member unprovoked as he often does, or when we disagree with something he says. Thank you..

Thanks Footer.. that means a lot to me to hear that. I sincerely hope that we, and many others can continue to share, learn from each other, and have open minded discussions as mature, responsible investors, and in the future maybe without unprovoked attacks that are unjustified, and useless in the big picture of the discussion... I also apologize to everyone if my response to Stryker sounded less than professional, and if so, I am in the wrong. I was just taken by surprise a bit by that unprovoked attack on me...