Rocketman700

When will this bear market end? I am starting to wonder if all these swings are just massive over reactions. I think that we in the West are given to such panic these days. We have completely lost our stoicism, and in the process we are just gifting short sellers with guaranteed money making, because we believe all the hype about the collapse of the West. Its a bit like all the sites which give out false information about the Iraqi Dinar. Any investment which sits on the edge of profit/collapse is always going to have a hair trigger, but the root cause is all us gullible ones who believe the bullsh*t. Plus of course, has anyone seen the Bank Of America share price. Imagine all that government bail out money back in 2009, all gone to waste. I said at the time that they should have let all banks go bust. The US and British governments have just handed billion of dollars to all the worlds speculators. There should be a law in all countries which forbids the using of taxpayers money to bail out failing institutions.

Zantac Then why is it always mickey mouse sites that cover these developments, and not proper sites like Bloomberg or CNN. Why? Simple. Because all the sites that cover these stories are either scammers, foraging for internet traffic, or they are involved in the wholesale spreading of lies, in order to start their own internet Meme. Like i said, 8/13 that it will still be 1170 in 2016. How about that for an internet meme ? "1170 in 2016". It could be a code that only us Dinar speccers could understand.

I am so certain that there will be neither an RV nor a LOP within, say the next 5 YEARS, that if i was a bookmaker, i would offer odds of 1/1 or less, say 8/13, that the IQD echange rate will still be 1170 in 2016. What say everyone? I mean its been 1170 since 2009. And since then all we have had is loads of rumour and counter-rumour. Yeah, i think 8/13 are fair odds for that.

The internet and all these forums are alive with rumours about a lop or an RV. But can anybody speak Arabic or Kurdish, and has ANYONE seen any Iraqi politician say what they are purported to have said. No? I didn't think so. Once August has passed, and we start heading into the winter again, all these stupid rumours will cease. Jeez, listening to the IQD communty, is like listening to children in the school playground.

That article on ************.com is total rubbish. It is either rubbish or an outright lie. ************.com is located in Toronto, Canada. How the hell would a website operator in Canada know what is going on inside the Iraqi government. Its all total bullsh*t. There maybe an RV or a LOP at some point in the future, but it is still years away. If there was going to be a lop, then why are the big banks and bureau de change's still selling Iraqi Dinars? There is ONE source of information about the Dianr, and that is the CBI site. And there is NOTHING about an RV on that site. If there was an imminent RV, the CBI website would have put up an announcement about it. Keep your wits about you people. There are a lot of shysters out there.

I've just seen another article about a possible RV or a LOP, and yet there is NOTHING about it on the CBI website. These are all just rumours put about by website and domain owners, to improve the click rate of their websites, thus increasing Ad revenue. There's an old saying, 'In a goldrush, you don't mine for gold, you sell shovels'. And in the Dinar goldrush, they don't speculate on the value of the Dinar, they trade in Dinar gossip, and make money from their website. There's nothing wrong with DinarVets making money from its Ad revenue, because all it is, is a meeting place for people interested in Dinar investments. Its no different to sites that talk about stock trading or gold bullion investment. Nothing wrong with making money with that. But there are other sites out there which deliberately spread lies and misinformation, draw people in to read their so called articles, and make money from other people's fear and panic due to the increase in traffic to their sites. Those website owners really should be reported to Google, and banned from their search engines.

Rod, I agree IQD2:$1 would be great. But that still doesn't explain why they froze it at all. I mean what was the point? Why not let it find its true value by letting it float. I mean it was never going to go down was it? It went from 4000:1 in 2004 to 1170:1 in 2009, all by itself without any problems. If they had just let it do its own thing, it would in all probability have made its way to about 500:1 by now, and if they wanted to RV from there, to say 5:1, that would have meant only a 00 RV, as opposed to a 000 RV, which would been much more problematic, and it would have rewarded the long term Dinar holders, as opposed to the Johnny Come Latelys who buy 5million Dinar on Friday, and then cash in a cool 1 million bucks on the following Monday. Some people i know have been holding Dinars since 2004. Surely they are the ones who deserve to make the serious bucks, rather than the Wall Street suits. There's a reason why it has been frozen, and it has got nothing to with an RV or a lop. I don't know what the reason is, but when we all find out, you can bet bottom Dinar that Goldman Sachs and HSBC had the inside track. We may make a bundle out of it after all, but we will have had to wait years for it, but the yuppies on Wall Street will have made the their profits overnight. And of course the other thing is, if it was allowed to float, the futures speculators would have driven it higher too. And with the USA losing its AAA credit rating, people would have piled into the Dinar as a safe haven currency.

No i'm just saying that based on a hunch. Its been frozen for over 2 years now, whereas before it was climbing gradually, and very nicely. In fact i prefered that to a sudden and rapid RV making us all millionaires overnight. I never believed that was a possibility anyway. It simply didn't make any sense. But i cannot for the life of me think why the exchange rate has been frozen for so long. It doesn't make economic OR political sense. A gradual rise in the value of the Dinar would have good for everybody, and its inflationary consequences would have been negligible. Surely the Iraqi government can allow the IQD to float freely, and once the Dinar reaches an acceptable level, then gradually withdraw a certain quantity from circulation each month, or have an RV. But either way, an RV from 500:1, or 200:1, is much less of a shock to the system than from 1170:1. And why 1170:1. Why is 1170 the magic number. And what a stupid number aswell. Makes absolutely no sense whatsoever.

I think the true value of the Dinar at the moment should be about IQD500:$1. If they hadn't frozen the exchange rate back in 2009 or whenever, i think that's where we would be now.

First, take one iota of truth, namely that Nouri Al Maliki is going to give an interview. Then, add heavy sprinklings of imagination and terror, to come to equal and opposite views as to the value of the Dinar in the coming weeks. Third, bake all the opinions in a pre-heated oven for about a week until the whole Dinar community has divided into 2 camps, between those expecting an RV and those expecting a lop. Then allow to cool down. Then serve with a JD and Coke about 6 months later, together with a little piece of paper with the current Dinar exchange rate. Most likely 1170. Repeat this process every 6 months for the next 20 years until everyone is bored silly. The fact is ladies and gentlemen, that the Dinar's value is being SUPRESSED by the exchange rate of 1170. With the current price of oil, if the Iraqi and American authorities took their boot of the throat of the Iraqi exchange rate, its value would soar like an eagle. Remember it used to be IQD4000:$1 back in 2004, and then strengthened gradually to where it is now, and it has been there ever since. Its value is being held down, i guarantee it. And the only way we as speculators are going to make serious money at this, is if the Iraqis and the American government behave like the free market democrats they profess to be, and allow the little guys to make some money. Otherwise they are all talk. The democratic West? Yeah right.

I wonder if all these AL-etc etc sites are being used as the tools of rampers. But instead of ramping, they want the price to get depressed so that they can buy up more cheap Dinars. Whats the reverse of ramping. Dissing? I don't know. And the other thing is, are all these AL-Arab so called Dinar inside info sites, all owned by someone called Alan? All the Asian countries were all recently traced back to a geezer in London named Stan. So does it follow therefore that the Middle East owes its origins and nomenclature to a bloke called Alan from the Midlands ? I think i met him once in a pub. He's alright. He's a bit fat, but he's OK.

Nope, not trying to plug any WHOIS service. There's about 40 WHOIS sites anyway, and i haven't mentioned anyone in particular. No i am just getting a bit miffled by all the so called info out there, wherein the article claims to have heard this and that and this and that, and every site with this info is Al-This and Al-That and Al-TheOther, and it all look a bit suspect. As i said, until i hear it on CNN, i'll take it all with a pinch of salt. To answer an earlier post, i have checked many of the sites i look at. Not all obviously, but any where the info looks as though it has been pinched from another site, plagiarised in other words, i'll check this out. As i said, there seems to be a bit of an internet meme developing about the so called lop, and no-one has got any firm info one way or the other. But everyday, the CBI continually auctions its Dinars. Would they be doing that if they were about to lop? I doubt it.

Hello everyone, I've just joined the forum, but something has been troubling me for many weeks now. I have been reading info about the Dinar for a while, and there seems to be a lot of info about the upcoming lop of three zeros. And yet when i try and check for actual info about that, all there is, is rumour upon rumour. Its almost like an internet meme has started and no-one knows if its true or not. But i have found at least one way of at least clarifying whether a rumour is genuine or just a ramp, and that is to identify the identity and location of the website which has published the info. Go to one of the WHOIS sites, and type in the name of the website giving you the info. If it looks genuine, then believe it. But if it looks as though it is registered in some private residence 10,000 miles away from Iraq, then be very suspicious. To give you an example, i recently searched for a website's address telling me that the Iraqi finance minister had said this and that, bla bla bla, etc etc. It turns out that the website was registered in Fort Collins, Colorado. And all with an Al-SomethingorOther (Very Arabic sounding) website name. Very suspicious. So, until i hear about the lop on CNN, i'll hold back. The entry in Wikipedia also looks a bit suspect to me aswell.