Billio0's thoughts on Dinarland

[Carrello]

I like the feeling and the overall message that Billio0 had to convey. Thanks to BGG (I thought enough of it to swipe it).

Billio0 (Part 1): Hello again fellow Iraqi Dinar Investors. It’s been quite awhile since I’ve said anything but I have kept up with most of what’s been going on just the same. I decided to take a break from speaking my mind because of the seriously polarizing opinions of those who believe in the probability of our investment netting us a healthy return, and those who no longer or never believed it to be so. Quite honestly, I find it simply amazing that anyone who doesn’t believe in it would even bother to say anything at all, but as I read here a moment ago, there are actually those who openly admit they enjoy dashing the hopes and dreams of us who believe. Thus, I felt compelled to chime in once again in response to that line of thinking.

The 2 most paramount reasons why I got involved with this investment, and shall continue to hold onto mine, no matter what, for as long as it takes to see it increase dramatically in value, or fail miserably. Those two reasons are the KNOWN FACT that the IQD was drastically DE-Valued to nearly nothing as a war strategy to help defeat Saddam’s government, and the KNOWN FACT that many countries and large corporate investors also hold the same IQD that we do, and in the same 3-zero denominations.Those 2 facts alone are enough for me to continue to believe that no matter what happens to my investment in IQD, there is no way those other large investors and countries are going to lose on their investment, and as a consequence, neither are we who hold out and don’t cave in to the skepticism and pessimism that seems to be running rampant of late.

Billio0 (Part 2): I have heard the doubters arguments many times over. I have yet to hear anyone put forth an acceptable argument explaining just where the value of the dinar went when it was devalued during the war, and exactly what process must occur to put such value back. It seems that this line of reasoning gets lost in the “bean counters” and their math of outstanding currency amounts and other such rubbish. So, my question to all of the so-called experts on how we believers are simply stupid, senseless, religious fanatics without a clue of how the world of high finance really works could please tell me just where did that former value go, and how is it, if ever, suppose to be returned? That is truly what I believe is the reason that the large investors and countries ever got involved with the IQD, and why I personally believe it will one day increase dramatically in value. In an earlier post I referred to us as the fleas on the elephant backside.

What value remains to the IQD in our possession and that of the large investors and countries who have either forgiven or vastly reduced the debt owed them by Iraq? They certainly didn’t do it out of some humane need to let Iraq off the hook, or to help them pull themselves back up by their boot-straps. The folks who orchestrated this plan knew full well what they had in mind, and have the patience to see it through. It just so happens that we, as very small investors by comparison, for the most part don’t have the means or resources to be likewise as patient, which is why many of us hang on ever encouraging word uttered by the so-called GURU’s.

Billio0 (Part 3): I contend that based upon the studies I have seen, as well as plenty of information coming from the CBI itself, all IQD NOT held inside the borders of Iraq is NOT to be returned there, but instead held as reserve currency by the respective countries and/or other entities who elect to maintain it as such. Thus, if this is as it claims to be, then there shall be in fact two values; one in-country, and another outside. It is my understanding that this has been the plan all along, which is how we investors were granted the right to purchase it to begin with. Personally, the benefits I have gained from this investment already far outweighs what I have spent thus far to obtain it. For example; I have a much better plan for my future with or without a huge profit from it simply because I had anticipated such a profit in the past, and made many decisions I most certainly would not have otherwise. In the process i have learned who I can now trust, and whom I probably shouldn’t.

Furthermore, and most importantly, in preparing for a life of wealth I learned the true value of what is important to me, with or without the wealth. So, you see I can now sit back and relax and watch the show as this drama unfolds without the trepidation or anxiety that others experience with every new news bite or so-called intel. Investors know this instinctively with experience, which is what I have gained the most from my investment in the IQD. What I am trying to point out here is that it matters not what happens in Iraq short of a civil revolt. Sooner or later those “like-kind” values must be transferred to the outstanding IQD held by the big investors, and by default us little fish. If in fact this is not the case, then I am willing to concede defeat, and accept the truth that I chose unwisely in investing in the IQD.

[SWFloridaGuy]

Thanks Carrello. I love that post also, one of the best I've read in a long time.

[keepmwlknfny]

Might wanna check your "facts" again......

The dinar wasnt devalued during the war.....Saddam put Iraq in the hole it is now....when the sanctions were placed on Iraq, instead of playing nice and cooperating, he spent the reserves and excessively printed the dinar with nothing to back it....thats what happened with the value of the dinar...

And would you please share with us your other "fact" of numerous countries and large companies holding on to dinar waiting for a RV??

[ReVbo]

Might wanna check your "facts" again......

The dinar wasnt devalued during the war.....Saddam put Iraq in the hole it is now....when the sanctions were placed on Iraq, instead of playing nice and cooperating, he spent the reserves and excessively printed the dinar with nothing to back it....thats what happened with the value of the dinar...

And would you please share with us your other "fact" of numerous countries and large companies holding on to dinar waiting for a RV??

Edited June 29, 2012 by ReVbo

[Maggie123]

Thank You Carrello I enjoyed reading that.