First and probably last post on the board. I like to stay away from the boards as much as possible because they can suck you in... like many of you on here already know... But I had a funny story to tell...
I went into Chase this morning to wire some funds to my warka account. After I had signed off on the wire I asked the banker if he had ever had anybody send wire money to a warka account. He said, " no, he had not personally". He then asked where warka was and what type of investment it was? I told him, " in Iraq".
He said, " oh, I see..." ( and no.... Not with wide eyes while he pushes himself back into his seat... But just very casually)
I said, " yeah. I've just been following the money and noticed that just about every country in the world it seems, is pouring money into Iraq"
He said, " yeah, that's a good idea. Get into there on the ground floor while they are at a bottom. My buddy just moved back to Baghdad, because he has a construction company. ( I dont know if he meant that he went there to build stuff or he went there because his construction company here wasn't making any money)
Haha... Literally, less than 30 seconds later he says, " oh, but make sure you stay away from the dinar, that's still up in the air. You'll want to stay away from that,"
I just about started laughing, but I just smiled and said, " good to know, thanks for the info"
Stood up said goodbye and shook his hand and walked out....
This guy had no idea what he was talking about. First he tells me that it's a great idea to get into Iraq at the ground level but then tells me to stay away from the dinar.... Haha... I just thought to myself, when you invest in a country, you are also investing in their currency. If their currency collapses, so does the structure inside the country. You just contradicted yourself big time buddy...
the way he jumped to say, " stay out of the dinar,cause that's still up in the air" almost sounded like he was told to tell people that.
Anyways, you probably won't hear from me again unless I have something worth while to post. And I figured, everybody loves the bank story... Lol