Dodd-Frank Law

[don't look back]

Not sure what is allowed on here...please delete if necessary.

The Dodd- Frank Act

By Breitling

I had the opportunity to talk with Rudy Conen about this another site Conference Call on Monday about the Dodd-Frank Act rumored to have impact the Dinar world.

This Law was passed in 2010 and deals with the idea that Forex trading platforms were built and designed to trade "fiat currency". What happened is platforms started trading commodities using the paper representation, and in the end it was used to gamble on the hedge on the rise of the value of the commodities, thus causing spot price problems and over-speculation. Such trading made it difficult to keep a real feel on the price with such unregulated trades.

So back in 2010 they passed a Law to stop that type of trade and get the Forex back to Fiat currency trades only. Please be at ease, as it has nothing to do with our currency. It has to do with people who are buying currency and/or commodities through brokers. The Law is now the person and/or persons invested have to be what the SEC calls a "qualified investor".

This type of investor has a significant amount of provable income and/or net worth. Under this guide the SEC feels people with such income tend to be a bit more sophisticated and careful (have more to lose) than the average investor.

Your investment in the IQD is fine.

Warmest Regards,

Breitling

For latest update:

http://breitlingcurrency.blogspot.com/

then...

Scroll down for an audio update and a short article from Wikipedia

[speculatorsRIDE]

I absolutely agree with this assessment. Frank Dodd Act has nothing to do with private individuals buying or selling gold or silver and has nothing to do with us buying or cashing in IQD. We have nothing to worry about with this law.

[matt77]

That's a releif! I hate it when this stuff comes up and everyone jumps to conclusions and assumes that it is meant for us.

[don't look back]

That's a releif! I hate it when this stuff comes up and everyone jumps to conclusions and assumes that it is meant for us.

Yes, and this place went wild and was Out of Control the past two days. I'm a news junkie and I had heard this on the news before I ever bought dinar last fall. I just hope I posted it in the right place.

[Hesalwayswithus]

Thanks for good clarification on this!!