Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Woodrow Wilson

Members
  • Posts

    1
  • Joined

  • Last visited

Woodrow Wilson's Achievements

Newbie

Newbie (1/14)

-11

Reputation

  1. I came to these forums to make this post by way of an unfortunate close personal friend. This friend came to me over the weekend to give me some Dinar with the hopes that it would make him and his family rich, as well as my own. Rich of course is a relative term, as both our families do well in our respective industries, which mine happens to be in law. Now I'm invested in various "things" already, and my friend told me "The Story" a friend told him and so on, to buy Dinar because of its imminent revaluation. Of course, since Due Diligence is part of my profession, I made a call to a bank my firm does business with. My contact there first reaction was a subtle chuckle, and his next words were: "Give the colorful paper back to your friend and see if he can get a refund." This is purely a speculative "investment", I quote investment because the only one's making real money are the people exchanging this near worthless crap to dumb Americans. To put it in perspective, this is as rudimentary explanation as I can get. Like Iraq, our own country here in The United States has a money supply problem: http://research.stlouisfed.org/fred2/series/BASE Of course, this has two ramifications, the first is inflation, which both countries share in variable degrees: http://research.stlouisfed.org/fred2/series/CPIAUCSL?cid=9 The second, is the value of that money and what you can buy with it on a global scale, including FOREX (which you all appear to know Iraq is NOT a part of): http://research.stlouisfed.org/fred2/graph/?s[1][id]=CUUR0000SA0R# The final basic comparison I can show, bot scale of course is this: http://www.cbi.iq/index.php?pid=CurrencyAuctions http://www.newyorkfed.org/markets/tot_operation_schedule.html The scale is different, but the principle is the same, monetizing your own debt to keep afloat. If anyone think that a RV is going to make you rich, you are out of your mind. A lot of things have to happen before that is even in the discussion, not to mention the ridiculous RV speculation out there which if it ever happened (in unicorn land), would instantly take them out of the open markets as no country could afford their goods, including oil. If you want to "speculate" more power to you, you're free to do so, but the people selling this ****, to the likes of unsuspecting friends of mine, you're a ******* **** bags.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.