Has anyone heard about David Pratt?

[GreginTexas]

I received and 2nd hand email and was wondering if anyone knew or had an opinion of this guy.Here is the email without contact info.

Iraqi Dinar Investors,

If the monetary policy adjustment recommendation made twice now in the past two weeks by the CBI , that involves eliminating 3 zeros and issuing new Dinar banknotes, is approved by Iraq’s Parliament and becomes a reality, investments in the Dinar’s appreciation will have lost virtually all of the leverage many had expected . After the exchange of paper which will be physically and exclusively conducted by the CBI over a two month period is concluded, the Dinar will be listed on the FOREX at somewhere between 75 and 85 cents and daily free trading will commence. This is because each 25,000 Dinar banknote currently in circulation will be exchanged evenly for a new 25 Dinar banknote. The 25,000 note currently sells for around 18-$19 US, thus the price per Dinar will be valued at a little less than one dollar. While anything can happen and “it isn’t over until it is over”, this is the most likely scenario we have to look forward to. There are however, a few very obvious parts to this huge reduction in the float that can only be construed as very positive and influencing. It is primarily due to their existence that I am suggesting for all of you to buy the Dinar now and hold them in a Dinar denominated Iraqi commercial bank account. By doing so you will lock in your price or cost basis at the eventual conversion price of 75 -85 cents US. When the dinar begins trading it will most definitely open higher than this new conversion price. I will explain why in a moment but, I will go on record right now and tell you that the Dinar will open trading at between $1.50- $2.00 minimum and close the first day of trading there too. This is why the price you are paying now will not be available once trading begins on the FOREX. I see the Dinar quickly rising within days to the 3.00 –$ 3.50 range. This is because history tells us the Dinar traded at those levels in the past and, the truth is, history is ALWAYS repeated in the price movement of stocks and commodities. This is true and has been proven time and time again. $3.00 to $3.50 is it though. Party over!! Remember this is a currency not a stock. Take a look at the prices across the board of the world’s currencies. The Dinar will be categorized as an “Exotic” currency also , which may be why it only reaches $3.00 and probably starts to stumble for a while before going higher eventually reaching its previously traded highs. So much is happening so fast in Iraq that when the Dinar starts trading it will go to where it is supposed to be and it will go there quickly. In a matter of days , maybe a few weeks at most , the highs will be met and I personally will be selling and suggesting that you also sell into that strength. My target is $3.00. The upside beyond that is limited anyway and I prefer letting someone else take that risk. The following are the fundamental reasons I base the anticipated move in the value of Dinar for the short term. I will close with something I can do also to make this suggestion even more attractive. The Dinar will go higher from the start of trading on the Forex because:1. Introduction of the Iraqi Dinar to the FOREX and the world stage means instantaneous exposure to money managers worldwide as an investment grade opportunity for growth and diversification. Mega sources of capital from individuals and institutions globally will now become available to Iraq. We are only a small percentage of people around the world who know the big picture on Iraq and most of the big money has been precluded from investing in the Dinar due to a lack of liquidity, which changes when it starts trading on the FOREX . All of this will bid up the price. The Dinar will be overwhelmingly thought of as an investment with less risk now trading on the FOREX than before . The spread between purchase and sale prices of the Dinar will tighten up. This is all good!2. I cannot begin to know just how big a part of the first day’s gap upward in price will come from the trillions of dinars today considered part of the float but, soon to be instantly recognized as undeliverable to the CBI for exchange. This event will be responsible for part of it that is a certainty. Leaving only the paper currency in Iraq and the dinars held in Iraqi commercial banks as being only those recognized as legitimate dinars ,this event will be the other big upward influence and spike the Dinars price immediately on the FOREX. How big? Combine and add up all of the Dinars sold over the last 8 years by all of the currency dealers and the banks in the U.S. for starters………BIG!!! If you still need substantiation and are not convinced that I am correct here contact me and I will provide you with the facts reflecting current CBI policy on the Dinar. It will require a change in policy and a very generous Iraq for the outcome to be any other way. That said, this is a realistic return one can expect from investing in the Dinar and clearly one that justifies consideration. What I can do to help: Going forward, any new account will be able to purchase Dinars at reduced prices from this point on until further notice at the price of $1050.00 / million IQD. Purchases above 25 million IQD and above will be made at reduced prices. If you are interested in opening an account contact us and we will send you the account opening instructions and account application which you can fill out online and return.

Thanks for your time and consideration.

Best, David http://iqd.me/l/11

[k98nights]

See this post:

http://dinarvets.com...nar-bank-32911/

Here's a link from Adam:

This is nothing new, FYI - I wrote an article on it recently.

Link, feel free to share: http://iqd.me/l/11

[HopefulTxn]

http://iqd.me/l/11 has stated a number of times that his agenda is to convince people to open dinar accounts in Iraq, rather than holding the physical currency. There have been a few instances of this person posting, originally as USDinar Bank, now its called something else, but they have always been promoting dinar accounts and speculating that physical currency holders would get the shaft one way or another.

One thing to remember is that if they perform a redenomination, the same thing happens to the bank accounts that happens to the currency - it's not a way to hedge your bet, just like buying 50 dinar notes for an insane markup (one site is at a 3000% premium) is not a way to side step that process.

[GreginTexas]

That is what I thought, Thanks K98night -- I should have tryed a search before asking. Sorry

Thanks for the comments HopefulTx and also for using a capital T in Texas in your name.

GreginTexas

[cwhthpne]

David http://iqd.me/l/11 is a Partner in the Personal Planning Department and head of the Boca Raton office. His practice is dedicated exclusively to the areas of trusts and estates, estate, gift and generation-skipping transfer, and fiduciary and individual income taxation. He has extensive experience in estate planning, post-mortem tax planning and asset protection. He has been asked to serve as an expert witness on several occasions, and has been referred to as a “seasoned trusts and estates lawyer” in a Florida Third District Court of Appeals Opinion.

http://www.proskauer.com/professionals/david-http://iqd.me/l/11/

theres alot more about him

[HopefulTxn]

David http://iqd.me/l/11 is a Partner in the Personal Planning Department and head of the Boca Raton office. His practice is dedicated exclusively to the areas of trusts and estates, estate, gift and generation-skipping transfer, and fiduciary and individual income taxation. He has extensive experience in estate planning, post-mortem tax planning and asset protection. He has been asked to serve as an expert witness on several occasions, and has been referred to as a “seasoned trusts and estates lawyer” in a Florida Third District Court of Appeals Opinion.

http://www.proskauer.com/professionals/david-http://iqd.me/l/11/

theres alot more about him

I believe you are looking at the wrong David http://iqd.me/l/11. The David http://iqd.me/l/11 that has been discussing dinar has been with USDinar Bank, which is now called USDinarEx:

Contact Details

David http://iqd.me/l/11

619-819-5676 USA

866-352-7759 TOLL FREE

CELL 619-964-9604

www.usdinarex.com

dpratt@usdinarex.com

Director

Both his land-line and cell phone have SoCal (San Diego, Chula Vista, El Cajon, etc.) prefixes and not Boca Raton.

[tjfoz]

All your base are belong to us. Nice subject line

[TRERUMPH]

i posted something similar to this yesterday and ask Adam if he could confirm it, also i posted something similar to this saying " another person trying to make money off dinar holders" and then from one dinar family member i was called a pumper when all i did was ask a question to Adam......