DinarThug Posted March 13, 2014 Report Share Posted March 13, 2014 CNN. Broadcasting I Think From Birminghamaloosa While Feeling Like I Just Came Out Of A Week Long Stupor ! Alabama Securities Commission Issues “Investor Alert” Addressing Bitcoin, Iraqi DinarPosted on: 2:24 am, March 12, 2014, by Michelle Stark The ASC warns of risks to investors in Iraqi dinar with a new "investor alert." The Alabama Securities Commission will release the following “investor alert” statewide on Wednesday, March 12th. In response to a WHNT News 19 investigation, the alert specifically addresses investment in Iraqi dinar. An advance copy of the alert continues below. ——————– MONTGOMERY, ALABAMA(March 12, 2014) - As our state’s and the country’s economy slowly improves, Alabama citizens could still be at risk for losing their hard-earned money to high-risk investment products that guarantee or promote unrealistically high rates of return with little or no exposure to loss. The Alabama Securities Commission (ASC) receives numerous inquiries about exotic-sounding, high-yield investment “opportunities” that, in many cases, are revealed to be unregistered investments touted by unlicensed individuals who employ vague or unrealistic trading strategies. And, with the rapid evolution and marketing potential of social media and the internet, investors may be lured by the illusion that most such opportunities are legitimate. The ASC alerts Alabama investors about two current, high-profile, high-risk investment opportunities that have the potential to seriously compromise their personal financial assets if not investigated thoroughly and carefully. BITCOIN issues Virtual or digital currencies, such as Bitcoin, have recently become popular as an alternative to cash or traditional lines of credit. Bitcoin and numerous other “crypto-currencies,” may be traded on online exchanges for conventional currencies, including the U.S. dollar, or used to purchase goods and services, usually online. Unlike traditional currencies, virtual currencies’ value can fluctuate radically according to user demand. In some cases, investors who trade on virtual currency exchanges have experienced trouble redeeming the digital currency or in cashing-out. The potential for fraudsters to use crypto-currencies to perpetrate financial scams is enticing due to the currencies not being issued by a governmental authority or financial institution, and having less regulatory oversight than transactions in conventional currencies. “The increasing prevalence of Bitcoin and other digital currencies has provided a fertile environment for financial criminals to make money on the increasing popularity and acceptance of these products,” said ASC Director, Joseph Borg. “The value of Bitcoin and other crypto-currencies can be highly volatile and investors should be aware that investments that incorporate ambiguous money systems can lead to very real risks, including the potential to lose one’s money!” Iraqi Dinar issues The Iraqi dinar “investment opportunity” is a scam that has existed for more than a decade and has regained some of its former popularity. As with many foreign exchange currency trading frauds, the dinar investment opportunity is often pitched as a “can’t miss” method by which the interested investor can profit from a severely undervalued Iraqi currency that is “certain” to appreciate in value in just a short time. Fraudsters engaging in the dinar scam promise that extravagant profits can be realized if the investor buys the dinar at today’s values, typically 1,000 or more dinars to one U.S. dollar. The investor then exchanges the dinars for dollars at a later date, once the dinar exchange rate has improved. ASC Director Borg cautions that foreign exchange currency trading is very risky for main street investors. “Often, promoters of foreign exchange currency trading schemes, such as those involving the Iraqi dinar, lure investors with the promise of “control” over a large amount of foreign currency with a relatively small initial outlay. Fraudsters often predict inevitable increases in the currencies’ value, which will supposedly lead to huge returns over a short time, with little or no downside risk.” According to Borg, investors should not be fooled by the promise of easy money. “As with any traded commodity, investing in foreign currencies can be extremely risky and generally unsuitable for all but the most seasoned investors who can afford the high risk.” Commodity trading platforms are subject to federal and state regulations; potential investors may contact the U.S. Commodity Futures Trading Commission (CFTC) at www.cftc.gov for more information; check registration status and disciplinary history of commodities at the National Futures Association (http://www.nfa.futures.org/) or call NFA at 800-676-4632; and contact the ASC at www.asc.alabama.gov or call 1-800-222-1253 to determine if an investment opportunity and the person making the office are properly registered. What you can do The Alabama Securities Commission encourages all Alabama citizens to learn and incorporate sound and proven investment techniques as a means to grow and safeguard their personal financial assets: ● Check and verify. Before you buy, always independently verify with state and federal regulators who you are dealing with and whether the seller of the investment opportunity and the product is properly registered. ● Exercise skepticism. Be aware that many individuals who offer strategies for getting rich quickly make their money on the sales of their books or seminars. Ask yourself why they’re sharing their secrets with you instead of keeping it to themselves. ● Beware of guarantees. Be suspect of anyone who promises or guarantees an investment will perform a predictable way or will generate consistent or unreasonable returns. ● Be suspect of complex strategies. Avoid any investment opportunity that touts complex or exotic-sounding techniques to achieve unusual success. Investors should be able to clearly discern what kind of opportunity is being offered; who is offering it; how does it make money; what is required to get your money out of the investment; and what are the risks. ● Avoid pushy salespeople and claims of urgency. No reputable financial professional should pressure you or insist that you “act now” when considering an investment opportunity. If it is such a good deal today, it will be a good deal tomorrow—after you have had a chance to check and verify. Contact the ASC with inquiries concerning securities broker-dealers, agents, investment advisers, investment adviser representatives, financial planners, registration status of securities or debt management programs, to report suspected fraud or to obtain consumer information. The ASC provides free investor education and fraud prevention materials in print, on our website and through educational presentations upon request. ALABAMA SECURITIES COMMISSION Post Office Box 304700 Montgomery, Alabama 36130-4700 Telephone: (334) 242-2984 or 1-800-222-1253 Fax: (334) 242-0240 Email: asc@asc.alabama.gov Website: www.asc.alabama.gov 1 1 Link to comment Share on other sites More sharing options...
umbertino Posted March 13, 2014 Report Share Posted March 13, 2014 (edited) Ciao Stefano.... Good to see you (and all) again after this ordeal. Edited March 13, 2014 by umbertino 1 1 Link to comment Share on other sites More sharing options...
RVWITHME Posted March 13, 2014 Report Share Posted March 13, 2014 Hmmm, and I thought that "they" said leaving our money in the bank (at a guaranteed loss with inflation) was the only safe bet. What's a dollar worth versus 1933? 3 Link to comment Share on other sites More sharing options...
aliciadogz Posted March 14, 2014 Report Share Posted March 14, 2014 Guess he a little late for us O'Well !! 2 Link to comment Share on other sites More sharing options...
Markinsa Posted March 14, 2014 Report Share Posted March 14, 2014 What was I thinking! - 1 Link to comment Share on other sites More sharing options...
Bob Posted March 14, 2014 Report Share Posted March 14, 2014 "Yea........the IQD is a scam alright!...............Tell me that when I buy my Bentley! "Stay thirsty my friends!" 5 1 Link to comment Share on other sites More sharing options...
Texas1 Posted March 14, 2014 Report Share Posted March 14, 2014 "Yea........the IQD is a scam alright!...............Tell me that when I buy my Bentley! "Stay thirsty my friends!" Bentley? This is a dinar forum........how bout a Kia 3 Link to comment Share on other sites More sharing options...
ReinMan Posted March 14, 2014 Report Share Posted March 14, 2014 Hey, just have the common advice as with gambling.... only put up what you can afford to lose, and don't rely on Jesus to save your a$$. 1 Link to comment Share on other sites More sharing options...
sandfly Posted March 14, 2014 Report Share Posted March 14, 2014 THANKS Link to comment Share on other sites More sharing options...
DinarThug Posted March 14, 2014 Author Report Share Posted March 14, 2014 GO AHEAD, IT'S BEEN A WEEK - GET IT OUT OF UR SYSTEM ! Link to comment Share on other sites More sharing options...
sandfly Posted March 14, 2014 Report Share Posted March 14, 2014 I'M TRYING 1 Link to comment Share on other sites More sharing options...
Nelg Posted March 14, 2014 Report Share Posted March 14, 2014 The government is afraid. I do some investing in currencies through foreign exchanges regulated by the country in which they are located. They are not governed or regulated (controlled) by the US Securities Commission, nor the state Securities Commission. It is extremely arrogant to think that the US has to have their hands in all exchange transactions. Yep, there are some thieves lurking behind some of the brokers and you do need to be careful. But what the USGov. wants you to do is to ONLY do business with them. When money goes out of the states, it is basically out of their hands. Under the guise of "wanting to protect" us from the "unscrupulous" dealers in foreign countries. LOL. "What a Maroon!" 5 1 Link to comment Share on other sites More sharing options...
umbertino Posted March 14, 2014 Report Share Posted March 14, 2014 "Yea........the IQD is a scam alright!...............Tell me that when I buy my Bentley! "Stay thirsty my friends!" I wish you ( you buy your Bentley). Bentley? This is a dinar forum........how bout a Kia Right.. You don't want to miss that 7 yr warranty. GO AHEAD, IT'S BEEN A WEEK - GET IT OUT OF UR SYSTEM ! lol. 1 Link to comment Share on other sites More sharing options...
Heavyduty053 Posted March 14, 2014 Report Share Posted March 14, 2014 The govt is wanting to protect us....yea right...while Reid, Obama and the rest take us to the cleaners from within 1 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 14, 2014 Report Share Posted March 14, 2014 Hey, just have the common advice as with gambling.... only put up what you can afford to lose, and don't rely on Jesus to save your a$$. Bingo Link to comment Share on other sites More sharing options...
skeetdog Posted March 14, 2014 Report Share Posted March 14, 2014 Thanks DT...This article is about as deceiving as the number of Sandfly's post compared to yours DT...as of present DinarThug- 6,290 post with informative articles and humorous replies is beaten by Sandfly's- 11,416 post of "Thanks" with ten or fewer words...there seems to be some importance to the 'quantity' rather than 'quality 'of a reply to one of our fellow flock members, guess the ol' sayin' there's always one in the crowd is true...Thanks for adding informative information in your post DinarThug and for Sandfly....''Thanks''.... 2 Link to comment Share on other sites More sharing options...
R Veyron Posted March 14, 2014 Report Share Posted March 14, 2014 I wonder if they had some of these same guys predicting the 2008 Real Estate scam / debacle that just about brought down the world economy ? Guess they didn't see that one coming... I think that most individuals can make up their own minds as to what to put their hard earned money into and the warnings are nothing new. I do, however, see how easily someone can be influenced into thinking that investing in dinar is a get rich quick scheme and there should be more cautionary measures as to warn them not to invest too much or expect to get rich quick and I absolutely loathe all the fake intel and guru garbage that comes along with this investment and it is only the seasoned investor that can smell the bs a mile away. In theory, investing in dinar does have the potential to pay off in the long run, it's just how it has been exploited that is the fraudulent aspect to this investment. Do your homework and don't invest more than you are willing to risk or lose. Think of it like going to the casino. spend about as much as you would spend in a good night in Vegas, then walk away. Only with this you do have the potential to win this time. 1 Link to comment Share on other sites More sharing options...
DWitte Posted March 14, 2014 Report Share Posted March 14, 2014 Thanks DT...This article is about as deceiving as the number of Sandfly's post compared to yours DT...as of present DinarThug- 6,290 post with informative articles and humorous replies is beaten by Sandfly's- 11,416 post of "Thanks" with ten or fewer words...there seems to be some importance to the 'quantity' rather than 'quality 'of a reply to one of our fellow flock members, guess the ol' sayin' there's always one in the crowd is true...Thanks for adding informative information in your post DinarThug and for Sandfly....''Thanks''.... Can't tell if you're serious or or kidding. My response is "I don't care who you are, that's funny". The site is back up and the first thing I see is a wart removal program. Nice, I can't just "unsee" that. Must be alot of DV's who have a serious amount of warts. Glad I'm not one of them. Too many other medical issues. I think Adam should look for some new and more reflective advertising revenue. See, I know nothing about Dinar. That's why I never say anything about it. Just respond to other stuff. No worries. Have a nice day all. DW 3 Link to comment Share on other sites More sharing options...
unirod Posted March 14, 2014 Report Share Posted March 14, 2014 Our USD has lost how much purchasing power in the last 10 years? The USD is a scam if there ever was one. I believe most of the members here see that, and are looking to hedge their losses by investing in Iraq. The Dinar is only one way to hedge our losses here in the USA....IMO 3 1 Link to comment Share on other sites More sharing options...
brbrlocke Posted March 14, 2014 Report Share Posted March 14, 2014 I'll take my chances.... Thanks Thug. 1 Link to comment Share on other sites More sharing options...
Shang Man Posted March 14, 2014 Report Share Posted March 14, 2014 Hey, just have the common advice as with gambling.... only put up what you can afford to lose, and don't rely on Jesus to save your a$$. And you will lose every penny. Link to comment Share on other sites More sharing options...
dontlop Posted March 14, 2014 Report Share Posted March 14, 2014 And you will lose every penny. How do ya figure that ? I've already made money if I sell right now Not enough to cover inflation But in dollar figures any way Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted March 14, 2014 Report Share Posted March 14, 2014 scam?..you mean scam like the medicare scam..or the social security scam? You are required to pay into it..but there are no guarantees it will be there when we need it. like those scams? 6 Link to comment Share on other sites More sharing options...
dontlop Posted March 14, 2014 Report Share Posted March 14, 2014 How about the perfect picture of a meal on the frozen TV dinners Then ya open it and see what ya get That's a scam too Where's all the humanitarians starting web sites about that A beautiful picture of a lovely meal on the box And soy bean crap inside Is the media going to uncover those scams to? 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted March 14, 2014 Report Share Posted March 14, 2014 Well if ALABAMA says so then it MUST be true! Guess I can always continue to play the Lottery. 4 1 Link to comment Share on other sites More sharing options...
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