THE DINAR HAS MADE IT TO FORBES !!!!

[bigcity Bob]

i WAS READING GOOGLE NEWS AND SURE ENOUGH THIS ARTICLE MADE IT TO FORBES SAYING HOW IN THE BEGINNING IT WAS THOUGHT TO BE A SCAM BUT IS LOOKING GOOD.

http://blogs.forbes.com/greatspeculations/2011/07/27/is-the-iraqi-dinar-worthless-paper-or-maker-of-millionaires/

[anothernewbie]

i WAS READING GOOGLE NEWS AND SURE ENOUGH THIS ARTICLE MADE IT TO FORBES SAYING HOW IN THE BEGINNING IT WAS THOUGHT TO BE A SCAM BUT IS LOOKING GOOD.

http://blogs.forbes....f-millionaires/

Thanks BCB but it's already been posted.

[slcjarhead]

I like it!

[retirementafterrv]

good Post Like it, Thank you.

[mariejose]

ANOTHER NEWBIE---I HAVE'NT SEEN THIS ARTICLE BEFORE, AND I'M ON HERE EVERYDAY.

[Ababa Selassie I]

i WAS READING GOOGLE NEWS AND SURE ENOUGH THIS ARTICLE MADE IT TO FORBES SAYING HOW IN THE BEGINNING IT WAS THOUGHT TO BE A SCAM BUT IS LOOKING GOOD.

http://blogs.forbes.com/greatspeculations/2011/07/27/is-the-iraqi-dinar-worthless-paper-or-maker-of-millionaires/

Well hell...I never seen this article! WOW WOW WOW!!! Lookin good folks!

[nackers]

Great post thanks

[caz1104]

Thanks for the post,yet another positive article.

[nettie]

ANOTHER NEWBIE---I HAVE'NT SEEN THIS ARTICLE BEFORE, AND I'M ON HERE EVERYDAY.

http://dinarvets.com..._0entry593876

it was posted earlier this morning! great article tho, don't mind reading it twice!

[frankc]

This blog ends up calling it a scam. Read down in the comments section.

[mrref]

ANOTHER NEWBIE---I HAVE'NT SEEN THIS ARTICLE BEFORE, AND I'M ON HERE EVERYDAY.

HES NOT A NEWBIE LOOK AGAIN

[aliciadogz]

Thanks for post haven't seen it.

[Synnister]

This was posted in the FOREX Section already. But good find and im still hopeful

Synnister

GO RV

[linenman]

thanks for the post.

[rapidrex]

i WAS READING GOOGLE NEWS AND SURE ENOUGH THIS ARTICLE MADE IT TO FORBES SAYING HOW IN THE BEGINNING IT WAS THOUGHT TO BE A SCAM BUT IS LOOKING GOOD.

http://blogs.forbes.com/greatspeculations/2011/07/27/is-the-iraqi-dinar-worthless-paper-or-maker-of-millionaires/

Already posted or not, this is GREAT BIG NEWS...we sure dont' hear from the "mainstream" ...this is great news!

[new york kevin]

This is a borderline article that I haven't seen before. Overall its not flatering but in the end of it, it has the writer on the fence about our investment. I would say that we have at least one less doubting thomas out there.

[R2d2dc]

Is The Iraqi Dinar Worthless Paper Or Maker Of Millionaires?

Jul. 27 2011 - 8:40 am | 7,765 views | 0 recommendations | 5 comments

Posted by Robert A. Green, CPA

50 dinars, what's it worth?

Dozens of people have signed up for tax consultations with me over the years looking for a windfall profit on the U.S. government revaluation of the Iraqi dinars back into U.S. dollars. In other words, these were people holding dinars who were hoping they could exchange them for dollars again.

Most dinar investors are current and ex-military, warzone contractors and now speculators. A cottage industry of promoters has sprung up on the Internet promising dinar “get rich” schemes. Many have invested, say, $5,000 and they hope to make millions. I’ve always thought it was a scam, as it sounded too good to be true.

These people ask me about their potential large tax bills. Most hope for long-term capital gains tax rates, currently up to 15 percent. I have to give them the bad news: holding physical currency is considered ordinary gain or loss in Section 988 (foreign currency transactions). Unlike forex traders, who don’t hold physical currency and don’t take or make delivery, they can’t file a capital gains election to opt out of Section 988 and into short- and long-term capital gains treatment.

That means no lower 60/40 futures tax rate either (Section 1256). At least, it’s not considered a personal loss which otherwise can’t be deducted, as is the case when a person returns from a vacation and exchanges his left over currency from that trip. Investors in dinars can deduct ordinary losses in Section 988, but few expect a loss.

Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed is about how the four leading central bankers from the U.S., U.K., France and Germany navigated in and out of WWI and financed recoveries and German reparations. These central bankers went off and on the gold and new dollar standards by manipulating their exchange and interest rates and much more. This is how money and power (military and otherwise) go hand in hand.

Our current situation begs the question: Did the Bush administration plan on, and is the Obama administration still considering, paying for part or all of the Iraq war by collecting taxes from the revaluation of the dinar?

Special Offer: Safety In High-Yield. Three of Richard Lehmann’s fixed-income portfolios yield more than 7.1%. Click here for to gain access to his portfolios in Forbes/Lehmann Income Securities Investor.

If this scheme has any resemblance of reality, it could be an interesting revenue raiser for the government, and I know the government is hunting for revenue raisers and closing of tax loopholes.

Maybe the story here is just that it’s a scam. But, if rumors in the marketplace are true, and the dinar does revalue and allow conversion for most to pre-war levels, what are the ramifications for the government, Iraq, the military, investors and taxpayers? Also, what’s holding up the revaluation? Can Iraq handle it?

It does sound like a happy ending which makes me suspicious. How much tax revenue do U.S., state and local governments stand to collect? How many former and current military personnel and contractors stand to become millionaires overnight?

Now this is good news. Thanks for the Post bigcity Bob. Love this article,

r2

[bigcity Bob]

NO INTEL, LINKS, IM NOT A PUMPER, BASHER, OR NEWBIE..GOTS NO BOOTS ON THE GROUND,OR FEET IN THE AIR.

ALL I READ IS WHAT YOU PEOPLE POST..LOL

IT'S VERY INTERESTING HOW THE HUMAN MIND INTERPRETS WHAT THEY SEE..

EVERYONE JUST WATCH THE DEBT CIELING NEWS...

NO MATTER WHAT YOU THINK, ITS ALL ABOUT THE OIL, FAME,AND CREDIT SEEKERS, AND POLITICS!!

OBAMA WILL LOOK LIKE THE TRUE HERO IN THIS (EVEN THOUGH HE ISNT)

THE TAX REVENUE WHEN IT RVS WILL HELP US ALL..

JUST WATCH THE DEBT CIELING TALKS.. WHEN THAT IS DOEN WE WILL SEE THE RV...IMHO.

[jv1054]

Doesn't look like the writer is sold but does look like he is covring both bases so he can say he told us so. Not a clear thumbs up but not a clear thumbs down. On the fence comment posted above seems to say it all....I am somewhat drained LOL and want the next 3 to 4 days to pass so my obsession eases

[krome2ez]

HES NOT A NEWBIE LOOK AGAIN

He's refering to the screen name: anothernewbie

[odogtriever]

He's refering to the screen name: anothernewbie

Ahhh, you beat me to it.

[RodandStaff]

Good find bigcity Bob! Well, all I can say is this... if the general masses are starting to agree that this might be a good opportunity it is gonna RV quick... cause windows like this with positive public opinion usually don't last long... imo. GO RV Already Baby!!!

[bigcity Bob]

is it raining in cape coral as hard as it is in ft myers?

[RodandStaff]

NO INTEL, LINKS, IM NOT A PUMPER, BASHER, OR NEWBIE..GOTS NO BOOTS ON THE GROUND,OR FEET IN THE AIR.

ALL I READ IS WHAT YOU PEOPLE POST..LOL

IT'S VERY INTERESTING HOW THE HUMAN MIND INTERPRETS WHAT THEY SEE..

EVERYONE JUST WATCH THE DEBT CIELING NEWS...

NO MATTER WHAT YOU THINK, ITS ALL ABOUT THE OIL, FAME,AND CREDIT SEEKERS, AND POLITICS!!

OBAMA WILL LOOK LIKE THE TRUE HERO IN THIS (EVEN THOUGH HE ISNT)

THE TAX REVENUE WHEN IT RVS WILL HELP US ALL..

JUST WATCH THE DEBT CIELING TALKS.. WHEN THAT IS DOEN WE WILL SEE THE RV...IMHO.

ok, ok Bob.... ya don't have ta shout, we can hear you just fine!

[katd1228]

Woo Hoo! Thanks for sharing.... Obviously there is talk around town about this and not just in dinar forums and websites.