Has anyone defeated this guy?

[BANE]

http://www.learningmarkets.com/Forex/200911041937/the-iraqi-dinar-scam-part-two.html

Anyone know how to defeat his points?

[Wino]

I wouldn't worry about him. There are a lot of people out there who are very negative about this. Bottom line, it is a gamble just like a lot of investments. That's why I always say don't let greed get you. Only buy what you can afford to lose. That way you aren't too disapointed if it does go down the tubes, yet o n the other hand you could have a very good return for your small investment. Also, I didn't buy from an on line dealer. Got mine in Kuwait at the exchange. If it does hit you can always contact him and say something like .......NA NA NANANA... You should have bought some dumba**.

[noob57]

http://www.learningmarkets.com/Forex/200911041937/the-iraqi-dinar-scam-part-two.html

Anyone know how to defeat his points?

1. Can you sell it? Yes, I know DT will buy it back. There is a market. (Even if we created it)

2. Just as we are speculating the dinar to rise in value, he is speculating the polar opposite. Our guess is as good as his...

3. The CBI has done a marvelous job keeping the dinar at the level it is for years. Right now, there are no signs of HYPER inflation.

It seems this fellow is working to keep people from buying into the dinar. Sit tight. We will find out soon enough.

Edited December 29, 2010 by noob57

[noob57]

1. Can you sell it? Yes, I know DT will buy it back. There is a market. (Even if we created it)

2. Just as we are speculating the dinar to rise in value, he is speculating the polar opposite. Our guess is as good as his...

3. The CBI has done a marvelous job keeping the dinar at the level it is for years. Right now, there are no signs of HYPER inflation.

It seems this fellow is working to keep people from buying into the dinar. Sit tight. We will find out soon enough.

I forgot to point out that US Banks are selling the dinar too.

questions to ask this cat:

1. Would US Banks participate in a worldwide Scam?

2. Would trade through a US Bank be considered a market to him?

and my personal question to him would be:

Mr Jagerson, who benefits from your post?

Edited December 29, 2010 by noob57

[behaviorkat]

one word-------------------- "oil"

[Wino]

Brisco that has to be one of the best explanations that I have heard so far and very simple to understand. You were correct on so many things, especially the fact that they have until the 31st to do something or lose a lot financially. I have said the same thing before. This is why I don't worry about my investment. Good job bro.

[mars]

Why argue with stupid? You can’t win! And what does it make you when you do? I try not to argue, even with my wife, she's right anyway, no matter what.

[heritage08]

This guy is an idiot !! he obviously has never been to iraq and only believes what the news tells him. I was there for 4 and a half years i saw it in 2003 and i konw the changes. I am now in Kuwait and can see the differences it ihas made in the peoples point of view. So as far as defeating his points i say he has no points and does not deserve a debate.

[prettybaby]

hahahahahaha

[EBIInvest]

http://www.learningmarkets.com/Forex/200911041937/the-iraqi-dinar-scam-part-two.html

Anyone know how to defeat his points?

Why would you want to "defeat" his points. Everything that was written on there could be just as true as the crap that is speculated on here. If you haven't realized at this point in the game that this is a real investment with real risk than you should probably get out now while you're ahead. As with any investment there is no guaruntee on a return! You can't argue with everyone who points out the other side of the investment. Stop drinking the kool aid and you'll feel better.

[ardentscientist]

http://www.learningm...m-part-two.html

Anyone know how to defeat his points?

found this in comments on part one - this in many ways is like an IPO or a company buying back its preferred stock releasing new positive revenues from the previous year after the buy back. apparently this guy and others like him do not own a map read a newspaper or have ever heard of the DoD or Hillarious clinton

YEAH THIS GUY IS AS FULL OF BALONEY AS A CHRISTMAS GOOSE HE IS A LITTLE OILY AND IS FEEDING SOMEBODY ELSES IDEAS OR NERVOUSNESS TO HIS CLIENT SET

HE USES THE TERM SCAM TOO LOOSELY.

ASCAM IS A LETTER FROM NIGERIA CLAIMING A BOX WITH 300,000.00 IS AT HEATHROW AIRPORT THAT IS YOURS FOR 10,000.00

1. He also is regurgitating what has been presented before as far back as January or april before Iraq came out of chap 7 before the elections before the freely held elections

2. A scam is misleading somebody for something without a basis of truth.

3. Venezuala as an oil economy headed by a raving lunatic selling oil that is a heavy crude and costs orders of magnitude more to refine than iraq’s which is Sweet crude.

4. The us gov invested huge Amounts of treasure to get this right in that part of the world iraq

5. Japan US France Russia China UK Italy all forgave the Iraq debt .

6. Does this guy think that those countries will allow Iraq to demonetize the currency

7. TD Bank is not a dealer they are an currency exchange

8. Below is a list of demonetized currencies

9. Note that each was driven by a cataclysmic event (WWII being one small event, followed by occupation by the soviets, or the American civil war, or Chairman Mao the great Helmsman crushing China under his jack boot of oppression), being one that could cause a nation to demonetize

10. Cheez uhhh I don’t know DoooUUUOOOGHH what do you think???

11. Iraq has a liquidity in a valuable commodity, (unless you have not heard OIL), that is easy to extract .35$ a barrel

12. He also questions can you exchange the dinar at some point in the future

13. The us gov and the rest of the west have billions of dinars do you think that the US gov is not going to have an opinion about demonetizing or not being able to sell them?

14. Then at the very bottom he says the whole process is driven by policy .

15. Uhh OK sport do you think the US has a quote” policy” when it comes to Iraq?

16. has this gent not understand nor heard that the US built the largest embassy in the world, not in some back water cesspool, such as take your pick from the list below, Slovenia? Yugoslavia Japan in 1904 North Korea in 1959 All of the train wrecks cited occurred before IMF, UNITED NATIONS, WHO, NATO,

17. Hillarious Clinton SECSTATE said we encourage the American people to invest in IRAQ.

18. Does a new car parking lot in the TYSON’s corner of Bagdad Iraq with 200 new land rovers sound like a place that is unstable, Moldavia in 1948.

19. There is a conference coming up in June in washington where the entire defence establishment of Iraq will be in attendance to buy American defence systems.

20. Does this sound like a country that is being run by a hate monger and schizoid derelict like Ceaser Chavez

21. was or is Turkey sitting on 3 trillion dollars in fungible liquid assets

22. The oracle of Rhodes also fails to mention that the hyperinflation rates cited are at 700% weekly if not more while IRAQ has stabilized theirs at 4% to 6% annualized.

23. Also you may note that Kuwait is not going to let IRAQ demonetize and under cut the value of what IRAQ owes the Kuwaitis from the 1990 invasion.

24. If IRAQ;s assets are frozen say 1000.00 dinars worth in DENMARK do this guy think IRAQ will demonetize and drive those liquid assets to 150% less than their current value?

does he think the turks are not eagerly looking forward to a gas line going thru Turkey to Europe under cutting the russian choke hold on natural gas to europe?

[MrRich]

He's hardly an idiot. He's considered an expert on stocks, options, and forex and is the co-founder of the Learning Markets website. I doubt though, that he has researched the documents and the people involved in this to the extent that this community has. This article is old and at the time it was written there was no market for the dinar. In reality there isn't today either, except for the fact that you can sell them back to the dealers or exchange them from banks who handle them. Of course you'll take a hit either way. What we're speculating on is that there will be a market created for the dinar after the RV. The biggest problem with this article is the word "scam". The only way that selling dinar is a scam is if you're selling counterfeit or invalid Saddam dinar. Scams are schemes to take all of your money and give you nothing (or a product worth nothing) in return. The dinar is a valid currency. Yes, there's hype involved in the marketing of dinar, but there's plenty of hype on Wall Street too yet we don't call the stock market a scam, do we? Apart from the word "scam" thought I think this guy raises some valid points. We have to remember that this is a speculative venture and there is risk. The upside potential is great but there is always the possibility that things won't play out like we're hoping.

Edited December 29, 2010 by MrRich

[Kingdom Focus]

Being a specialist in one area does not then equate that you are a specialist in other areas.

I know someone who is a financial consultant, when I asked him about the Dinar, he simply said I don't have

any and I have been told it is a scam. Well a scam it isn't although it is a risk, but then so is crossing the road.

Everything in life has some dimension of risk, even the things we take for granted, like:

How do you know the car will start, or how do you know the light will go on when you walk into the darkened house.

We have done our homework and have come to the conclusion that there will be a RV, just not sure when or how much,

which is not a bad risk, with potential huge upside.

Want to know what a real scam is, check out Social Security, the greatest Ponzi Scheme ever created.

KF.

Edited December 29, 2010 by Kingdom Focus

[Shylmysten]

WHY WAIST YOUR TIME and if feel you have to then here you go.

Synopsis of Where We Stand Dec. 27th 2010

There is updated Intel at the bottom…

If you are invested in the Iraqi Dinar (IQD) then you are a Currency Speculator.

What is a Currency Speculator? A currency Speculator is one who is gambling on a rate of a certain currency. Nearly all global currency values rise and lower in a continual ebb and flow dictated by the global economy. Generally speaking the values only rise and lower in the single digit percentages unless in rear cases a catastrophic event occurs such as war.

A currency speculator looks at different economies and gambles on potential outcome that will cause an upward trend in a given currency. Once they make their decision based on their studies, they simple exchange their currency for the currency they are speculating, then watch the global foreign currency exchange market (like Forex) to know when to sell. This practice is very much the same as trading stocks and does carry risks. As with stock, one can minimize their rise by simple doing their homework. For instance, there are some currencies that are against the law to speculate, if you are not aware of this and exchange into that currency, you will not be able to get rid of that currency. There are also counterfeiters in all currencies and if you do not know what to look for in a given currency, you may be buying fancy colored paper instead of an actual currency with a value.

Another key point that you may or may not be aware of is that some currencies have national or international restrictions placed on them, not allowing the currency to be speculated. However a key point I want to make here about our investment. When the PLAN was being formed back in 2003 or before, the IQD was singled out and given a special consideration. A mandate was granted from the IMF (International Monetary Fund) and the US to allow the IQD to be speculated, thus giving us in the know an opportunity of a life time.

The PLAN we speak about was developed many years ago based on the world economy. You see, one would have to do a lot of studding of the global history to see but there is and has been pattern and a need to make global economic adjustments every decade or so based on where the economy is at a given time. When these occur, most of the global population is unaware of the adjustments and if you were paying attention, all you would notice is your governments local economy seems to start doing better. The last time this occurred was after Kuwait was liberated. There was a much smaller window but the fact remains that there were folks the speculated the Kuwait dinar and made millions. In this instance, the need for the global financial adjustment was slight.

As you know by listening and reading in the news, this financial crisis is wide spread and touches every world economy in a major way. The architects of the plan realized the depth and breadth of this serious economic crisis. So the design in this case is huge because it has to be, to jump start economies around the globe. Iraq became the natural target for the needed economic adjustment for many reasons. First and foremost was to oust Saddaam and try him for crimes agent Humanity. The second was when he took control of Iraq; he pulled all of Iraq’s currency and printed his own currency with his face on all of the notes. At this time the standard IQD was pulled off the international market and shelved. The IMF gave it a program rate of 1180 IQD to $1.00 USD (even as far back as this was, the insanely low rate could have been part of the PLAN). This was a major decline in the value which was $3.22 IQD to $1.00 USD.

What took place from that period until now, is as they say, the rest is history. So now we are at the present and there is a ton of people invested in the IQD (actually less than 8% of the total global population) wanting to know when and if Iraq is going to RI/RV their currency.

History and why we know Iraq will RI/RV?

First I want to point out the statement RI/RV. RI represents a Reinstatement of the IQD, which means Iraq would reinstate the Dinar back to per-Saddam value of $3.22 IQD to $1.00 USD. An RV represents a Revalue of the Dinar meaning that they will give their currency a higher value than it once had before the IMF gave them a program rate in the beginning of the Saddaam take over.

There are as many opinions on the topic of RI or RV as there are forums. Along with that only 8% of the global population is invested in IQD. By design, the entire global population cannot know about this and take part because Iraq could not cover that many people being involved. Nor do they have enough IQD for everyone to own some. Just as any country, Iraq knows exactly how much currency they have printed. So to curve speculators Iraq and other governments around the globe have put out false information and propaganda to steer the attention away from what is happening. However, for this to work for the global economy, Iraq and the IMF needed a certain amount of speculators, you and me to accomplish two things.

First Iraq needed us to hold the rate of the IQD stable once they got rid of the Saddaam currency and put their original IQD back out there. We made it stable buy purchasing it through currency exchanges. The daily auction Iraq has been having is to establish a rate and then show the IMF they can hold it stable. The IMF needs a certain amount of speculators; you and me, to boost the economies around the globe, by spending our new found wealth once all is done and Iraq adjust their currency. Just image the impact it is going to have on the us economy when over 1million new millionaires start spending their new found wealth on housing, cars, and goods. That is not to mention the relief the US government will realize from the estimated 7 trillion IQD they hold in the US Foreign Currency Reserves, as well as all of the taxes they will be collection from you and me and this is going to happen in every country on the globe. You start to understand the magnitude and the full breath of the PLAN…

Okay, what is in it for Iraq:

Well first and foremost, we removed a dictator that ran the country without regard to humanity amongst the Iraqi people. He kept them in poverty while he ran one of the most corrupt regimes on the planet. Murder, corruption, fear, and hunger were a way of life for many years.

Lead by the US, the UN and many counters from around the globe liberated Iraq from this dictator and brought him to Iraqi justice, you know the rest.

The collaboration of forces set the stage for Iraq to become the great nation it once was. IT is Iraq’s desire and continual effort to become an upstanding member of the International community once again. They have made great strides as they have worked to get rid of the many atrocities and problems the former regime left in its’ wake. Iraq has worked methodically to eliminate the many road blocks that stand between them and regaining their once proud heritage as a member of the International community and in good standing.

1. There were many resolutions that needed attention

2. There were and still are some sanctions placed on them

3. They were in Chapter 7 protection

4. They had to rework their Constitution

5. There was considerable debt owed to the world governments

6. They had to grasp a full understanding of their financial books, after many years of corrupt book-keeping and the loss of billions of IQD.

The Culmination

There were agreements made with Iraq and the world, namely the UN and the IMF. The UN and IMF explained to the Iraqi leaders of the plan and their role. Iraq says how can w do this, we have nothing but the oil we have in the ground and no other commodity to allow us sell and get funds to rebuild our land to a point where we can start to produce oil to pay back all of the debt the previous regime has left us with.

The UN forces back by the US troops said we have a plan and here it is…

1. See there is a thing called the Paris Club, which is a group of 19 major governments from around the globe. All of which you, Iraq, owe a great deal of money too. In the billions in fact. Well we have put together an agreement that says we, the 19 world economies will forgive your debit as long as you allow each of us to hold your IQD in our Currency Reserves and allow us to eventually return the IQD we are holding for a revalued dinar rate. Furthermore we will not release our entire dinar holdings on you all at once. It will be a controlled return over a period of 24 month. (For this piece, which Iraqi agreed to, they have to RI/RV by Dec. 31st 2010 or the forgiven Debt will be due at once).

2. The IMF will grant you short term loans so you have funds to work with.

3. We will lift Chapter 7 only after you accomplish several things

a. Get your government seated and working

b. 2011 Budget worked out so we see you have included the RI/RV

c. Border disputes with Kuwait

d. Show that you have made great strides in getting the HCL completed.

4. Iraq if you do all of these things, we the UN/IMF will allow you to, at a minimum reinstate you currency at the $3.22 rate it once was at prior to the former regime destroying its value in the international market. We will also allow you to add 20% for cost of living increases that have taken place over the years that your IQD has been out of circulation.

5. As an added incentive, based on the quality and quantity of crude you have in the ground, we will allow you to revalue you currency instead of reinstating it to a value within reason. We are allowing this because based on our investigation of your oil fields… You Iraq will be one of the richest if not the richest countries on the globe. It is your choice as to where you want to revalue your IQD but our projections estimate you could withstand a rate as high as $16.00 IQD to as low as $1.00 USD. We would highly recommend to you that a rate that high will cause many problems and have inherent risk. With all of the news and knowledge regarding your economic potential it would be way to risky to come out with a rate lower then you previous value for $3.22 IQD to $1.00 USD because anyone with enough backing could come in and buy up all of your currency, there by controlling Iraq. It is our opinion that the rate needs to be such to curve further speculation but also be something manageable in the short and long term.

6. We feel a managed float over at least a 24 month period of time, with a controllable rate for now will accomplish what is in the best interest of all. It will allow sustained growth for the Iraqi economy, it will allow Iraq to become a member of the international community once again, and it will allow the IMF to boost the world economy. Also, it will keep someone from coming in and buying up your country…

Summarization:

Iraq has been given a choice,

1. The IMF is saying to Iraq, we are granting you the ability to reinstate your currency at the pre-Saddaam rate of $3.22 with a 20% increase for cost adjustment for the years it was out of circulation. Or because of the potential we see with your economy, we will also allow you to revalue your currency to a rate within reason. If you do this by December 31st 2010, we will agree to allow the Paris Club to forgive your debt and we will lift you from Chapter 7 sanctions. Thus allowing you to rejoin the international community with your currency and trade.

Sanctions that will be lifted:

a. Allows you to have an international recognized currency

i. Which allows you to trade on the Forex

ii. Allows Iraqi stock to be traded on the international market

iii. Allows all of the signed contracts for the oil fields, utilities reconstruction, road construction, building construction to begin

b. Allows you to receive global shipments from all of the ships that have been sitting in your ports.

c. Allows you to finally pay your government employees

d. Allow you to load the smart cards that will pay the Iraqi citizens living expenses for the short term, also pay the retired citizens. All of which have not been reviving anything for some time.

At this point, Iraq has agreed to everything and we are now in the last phases of this plan. We are waiting for Iraq to finally pull the trigger and release the RI/RV between now and Dec. 31st.

I believe the World community and the UN/IMF are not really leaving Iraq a choice and they are tired of Iraq dragging their feet… But, if for some reason they don’t pull the trigger by Dec. 31st, this coming Friday… According to the PLAN this was to happen in 2009… Not sure of all that would come down on them but it certainly would be the end of the current GOI…

At this point Iraq could just say, screw you, we got everything we wanted. What are we, the IMF, or anyone else going to do? How exactly would we justify imposing sanctions we just removed from Iraq to the world community? How would we justify another war? Destroying a culture we just fought and our own just bled for for what 12 years? Because the lopped? Because we didn't make a 1000% return? I'm sorry, but I have to look at both sides for this investment with the same skepticism. For me not to do that would be to just walk right into the buzzsaw and get my butt handed to me.

So what happens when Iraq says, screw the plan...screw you, we are doing what's best FOR IRAQ AND THE IRAQI PEOPLE??? THEY are a sovereign nation now....we saw to that...and that nation is a virtually untapped resource for oil and natural gas. Would we really risk pissing them off? I'm just asking questions because I would like to see a legitimate conversation here in these forums. I've had it with all the hype. I know everyone WANTS to believe, because I'm one of those people, but I also have remain objective in my analysis, and from what I have seen here in these forums over the past few weeks is how emotional and souped up people get when someone says anything negative. How about we have a legitimate, and objective conversation, or discussion on this topic. Because I have a few Ideas/scenerios of my own that have never been discussed or brought up once in these forums, and I've read so much my eyes feel like I have sand in them.

The latest Intel we have received is that the message that came out yesterday that the GOI will be breaking for two weeks starting tomorrow is false.

PD claims that they have proof that the GOI is meeting right now and will be all this week.

They are still expecting the RV to happen before Friday and the very bottom rate, the lowest it could be is $3.22.

SO we wait and watch…

Sincerely

GO RI / RV

[smee2]

To every argument there are two sides, there are the adherent and the detractor, the believer and the non-believer. And each side belive they are right. Period. It will never change. I personally ignore people like this and don't even think about trying to re-educate them or get them to shut up. My own investment advisor, a service I had to get when I collected some life insurance when my huasband recently passed away, almost wet his pants when I told him I didn't have all the money still, that I had put some of it in dinar. I gave him some as a gift and expect a great big thank you and apology in the future but I don't bother trying to teach him anything about it. It is useless.

Even within the sector of believers in this investment, the dinar holdlers, there are factons who argue about various elements and get so stirred up, almost violent about it, and I wonder if there is anything about which dinar investors all agree, and can discuss without dissention. I don't think so. It seems to be part of human nature to argue ... sometimes for fun, sometimes very seriously. But it is going to remain that way.

So, I wouldn't get all bent out of shape over this man and his similarly misinformed naysayers.

Hopefully the decision to become a dinar investor was your own decision, based on your own research, and something you will not regret even knowing from day one there is a risk involved. Leave it at that. Listen to this guy and laugh at his ignorance. You know better.

smee2