jd77

I really feel like a fool now. I got caught up in the frenzy and believed all the hype that these gurus put out and continue to put out. I rushed out and bought more dinar because I heard it was going to RV on June 30. Then when that didn't happen, they continue with all the July dates - July 4, 5, 7, 8, 11 and 15. You can be sure that these dates will all come and go, without an RV. I think you all know it too. I should have known better... and so should you. It's a real shame that these "gurus" just continue to give people false hope. They don't care. They say things with such smugness and arrogance. They make it sound like they have the true knowledge and you'd be foolish to disagree with them. It's a real mess. I realize that now. It's just all hype. I don't know why they do it. It must be because they're also caught up in the frenzy. So many people got suckered in and didn't realize it until later. What a shame. We all had dollar signs in our eyes. Greed is a powerful sin. I should have known better!

Just to let you know, I ordered from DinarBanker last week and I received my order no problem. I paid them via a Bank Wire online and they sent my order FedEx overnight. Got the tracking number 36 hours after they received my wire transfer. Followed the tracking number and watched as it went through all stages. Was able to go online and have them hold the package at the FedEx Office for me, so I could pick it up myself. Everything went smoothly. Your cousin should have no problems. He/she may have to wait until DinarBanker comes back after the holiday.

I just noticed that DinarProfits is no longer selling IQD. And of course, DinarTrade stopped selling a while ago. But I see that DinarBanker and others are still selling. I could speculate and say this means those two sellers believe the RV is close now. Or is there some other reason? Just wondering if anyone happens to know the real reason why DinarProfits and DinarTrade decided to stop selling at this time. Appreciate everyone's comments.

I was hoping he could tell US, since he's right there. Who better to find out what's going on, than someone who's actually over there?

Interesting report. Thanks for this audio clip. But this Frank guy sounds a little too pompous for me.

Thanks buddy. Right, people only hear what they want to hear. Appreciate the support.

Yes, that's correct, I just joined today. And usually that's what people do when they join - they make a post. And I posted here because this is the place where you post your opinion on something. Glad you found my post interesting! Yeah, I know what you mean. Fortunately, I learned a while ago to invest only what you can afford to lose. Yes, I'm absolutely hoping for the best outcome possible.

After studying and investigating all the "intel" and news reports, I want to tell you all what I think will happen. If you only listen to the "gurus" and feed off their "good news" high, then you're getting a skewed picture. You have to do your own investigating and research and do your own common sense thinking. First, there will be a Re-denomination, and the new lower denomination IQD currency will be issued. This being done with the intention of replacing the current high denomination currency. The reason for Iraq to do this is two-fold: 1) So that the people of Iraq don't have to deal with the ridiculously high denomination notes available now, and 2) To provide a convenient base set-up for the eventual Revaluation to bring the Iraqi Dinar back on par with the US dollar, and hopefully higher. For example, today in Iraq, a loaf of bread costs about 1,000 Iraqi Dinar. When the new currency is issued, that same loaf of bread will cost 1 new Iraqi Dinar. The new 1 dinar note will become as popular as our own 1 dollar bill. So, it's simple. The loaf of bread will retain it's exact same value - it will cost 1,000 OLD dinar -OR- 1 NEW dinar. Now, this two currency situation won't last forever. Iraq will declare that we will have X amount of months to exchange our old high denomination dinar notes for the new lower denomination dinar notes. Just like it happened with the Euro, you had to exchange your old currency for the new Euro. There was a certain time period to do the exchange in. After that, the old currency was no longer valid for purchasing goods and services. So, you see, the value of the loaf of bread or whatever the "thing" is, will remain the same. It has to go like that or the whole thing doesn't work. There will simply be two different mediums of currency for a short time. It's sort of like saying if a loaf of bread cost $1.00, you can pay for it with 100 pennies or a 1-dollar bill. Two different mediums of payment, but same value. Now, the good news is that there will be an RV. BUT, it can only happen AFTER the Re-denomination and the new currency comes out. So, if the RV comes in at 3.25, for example, that's $3.25 against the new currency, not the old currency. See, that's been the whole confusion for years. Some people thought the RV would happen on the existing IQD notes, which would make everyone millionaires. It was this original Re-denomination/new currency story that got bent out of shape and everyone jumped on the bandwagon and ran with it. The story got contorted into a get-rich-quick deal. Who could pass up the appeal of possibly making millions on a thousand dollar investment? It created the whole IQD frenzy that we've seen over the last year. So, it's just been a mis-interpretation all along. Yes, there will be an RV, BUT only AFTER the Re-denomination occurs and only re-valued against the new currency, not the old currency. You will have to exchange your current high denomination notes for the new lower denomination notes. Then, sometime later, the RV will happen at a rate somewhere between 3.25 to 5.25. So, using the 3.25 rate, for example, 1,000 new IQD will be worth 3,250 US dollars. Not the millions we were all hoping for if you were basing the RV on the old high denomination notes. Bummer, but at least we're getting a small profit out of it. And of course, it's better than taking a loss. The only question is when. One thing for sure is, when the new currency comes out, it will probably be best to exchange your old IQD for the new IQD as soon as possible. So then you'll be ready for the RV. No big deal right? We've waited for years already. So what's a few more months? (years?) Bottom Line... Look for the Re-denomination and the new currency to happen first, and then the RV later on. I think that scenario makes much more sense. Don't you? You heard it here first!