It seems

[Munsch]

This message is for JWJW11 and jmw :

I AM NOT TAKING SIDES BUT IF YOU TWO DON'T QUIT BICKERING AT EACH OTHER I WILL PUT BOTH OF YOU ON MOD PREVIEW.

[jmw]

Just what I thought you would say...you got nothin! Just miserable with your exsistance...do what your wife told you...find another hobby baby boy! Only thing you got is negativity! I asked you several questions and thats all you got. Just keep on being a hater. Youve proven to me now who you are. Keep reply and spinnin articles! I gave you several opportunities to educate me but you know better. Your wifes callin you....tell her not to be so hard on you...you obviously dont know any better. And your lucky ive been told to play nice or id tell how i really feel about you.

Dont try to come back with somethin now you had your chance and i make it a point not to communicate with bully loosers. Weak you are!

dude...you have issues...might want to check the meds.

[jmw]

This message is for JWJW11 and jmw :

I AM NOT TAKING SIDES BUT IF YOU TWO DON'T QUIT BICKERING AT EACH OTHER I WILL PUT BOTH OF YOU ON MOD PREVIEW.

Really?...I could care less about mod review...I am tired of listening to people who feel they are owed millions of dollars from Iraq...and aren't smart enough to see it they aren't ever going to be rich....I'm DONE.

[MrFnHappy]

Alex38, I totally agree with you. It's one thing to have an opinion but I've seen rude posts and comments that are "my way or the highway" (hmmm, heard that a lot phrase earlier this week from the white house. Lol). Maybe, a new section will be formed titled "Naysayers, Nasty Comments and Negativity!.

I think you'll find that there are at least an equal, if not greater amount of "rude" posts directed at the "RD" crowd.

I don't think the primary difference between a poster such as myself (or a handful of other posters, which I won't name out of respect for themselves, that advocate positions similar to my own), and posters such as Alex38, isn't negativity vs. positivity. It's realistic vs. non realistic. It's informed vs. uninformed.

What it really boils down to, is that to Alex38 (and to the numerous people like him) this is NOT an investment. It's a lottery ticket. To people like me, it's an investment.

When you invest in something, when you buy something like stock, you need to be as informed as possible. If you're not well informed, you're almost certain to make poor decisions. You can't buy a stock and hold it forever and HOPE that it turns out for the best. Investments don't care what your attitude is. You can't influence the stock market (or the dinar) by positive thinking. In many aspects of life, a positive, optimistic attitude is a good thing. No one likes to work with someone that is negative about everything, and negativity about your job can obviously have a deleterious effect on your job performance.

Investments are not one of those things where "negativity" is a bad thing. And I put negativity in quotes because when you look at the numbers, when you look at the facts, when you look at the reality of an investment, and you come to a negative conclusion, you're not actually being negative. You're being realistic. You're being informed. You're being accurate. It ain't negative, if it's true, to distort a phrase from Mohammed Ali.

The entire stock market basically functions off that. Some people are more informed and more accurate and more prompt about their stock sales and purchases than others, and those people make money off the less informed by longing and shorting stocks.

That's how the investment philosophy works. People that view the dinar as an investment want to know EVERYTHING about the situation. They want to know about the M0/1/2. They want to know how Iraqs GDP compares to other ME countries. They want to know what Iraq has to back their currency. They want to read news articles accurately, not just read them and try and distort them in such a way as to make a big RV possible.

The lottery ticket philosophy is almost diametrically opposed to that viewpoint. I buy lottery tickets. I buy them all the time. I'd buy them more if I didn't live in a US state that didn't have them (luckily I travel a lot, and always buy them then). When I buy a lottery ticket, I don't want to think about what the odds are. In the back of my head, I know what the odds are (I think Powerball jackpot is roughly 120 million to 1), but I don't want to be reminded of it. I just want to buy my ticket and think about how amazing it would be if I won. I know the odds are terrible, and I probably have a better chance of being struck by lightning (and definitely have a better chance of being struck by, say, cancer), but that's what lottery tickets are. They're about the dream. They're about the fantasy. They're about striking it big.

The dinar is not a lottery ticket. It's the currency of a country. It's an investment. If you want to pretend it's a lottery ticket, that's your prerogative. As long as you can afford to lose money on it, you can think about it as a lottery ticket. That's your right. But if you're "reserving" dinar (I hope to god there are very few people doing that) and are counting on an RV to repair your finances, you have a problem. Potentially a very big one.

The big problem is that many people appear to be viewing the dinar as a lottery ticket that they've already won. The drawing has been held, all their numbers match, and the ticket is in their pocket, just awaiting the big cash in. You can see this in practically every thread. People talk about when the dinar makes them a millionaire, not if the dinar makes them a millionaire. A lot.

That is not the case. It isn't true. And if you're thinking it is true, you could be doing yourself a serious psychological disservice. And if you ACT like it is (which, admit it, some people do, otherwise "reserving" dinar wouldn't even exist), you're doing yourself a serious financial disservice.

The dinar does NOT have to RV to big numbers (and by big numbers I'm not talking about 8 USD, I'm talking about .01 USD). It doesn't. That's a fact. It can sit where it is for years (it already has, hasn't it?). It could RV to 1000 dinar/dollar next and sit there for more years. It could RD/lop (RD is the correct term, not really sure where lop came from other than an attempt to discredit the validity of an RD by paid pumpers) and then the ballgame is over (I hope).

I think everyone would agree than an RV to 100 USD per dinar is completely impossible. The thing is, an RV to 0.86 is also completely impossible. It can't happen, for the exact same reason as RVing to 100 USD can't happen. This is obvious to anyone that has looked at the actual numbers. The dinar isn't some mystical, magical thing that's completely impossible to understand. It's a currency, and many people have VERY good understandings of how currencies work. Iraq isn't some situation where the laws of economics cannot apply. And you KNOW that, because you KNOW that it can't RV to 1,000 USD, right? The difference between knowing that it can't RV to 1,000 USD and knowing it can't RV to 0.86 USD isn't negativity. It isn't pessimism. It isn't misinformation. It's simply being informed about the numbers and understanding how currencies operate. The reason you KNOW it can't RV to 1,000 USD is the same reason I KNOW it can't RV to 0.86 USD. The only difference is the level of understanding and information behind the knowing.

And that's why it's so much worse than a lottery ticket. SOMEONE wins the powerball. It has to happen eventually. HAS TO. The odds that it will be you are astronomical, but it WILL happen. People look at the dinar in the same way, and it's wrong. It doesn't have to happen. It isn't a lottery ticket. And not only does it NOT have to happen, most of the scenarios present by the pumpers CAN NOT and WILL NOT happen. It isn't possible. Thinking you're going to be a millionaire from a 2000 USD investment due to an RV is FAR worse than thinking you're going to win the Powerball. Hell, it's worse than thinking you'll win the powerball by finding the winning ticket lying on the ground. It can't happen. Period. End of story. Wishing for the RV to make you a millionaire off a 2000 USD investment is precisely the same as wishing you'll become a millionaire by walking into your living room and discovering your television has transmuted itself to solid gold. It's equally probable.

Good post

Why don't loppsters like to discuss fractional banking?

OK, let's rumble........bring what you have, and I will be happy to discuss/debate with you.

Edited August 6, 2011 by MrFnHappy

[Kaduku]

Reports have come forth detailing the First Couple dancing barefoot on the White House lawn during the birthday celebration (media were banned from the event) as Hip-Hop music blared from inside

the White House.

DANCING BAREFOOT ARE CUSTOMARY FOR MUSLIMS...ESPECIALLY DURING RAMADAM!!!! OBAMA'S ARE ACTUALLY CELEBRATING RAMADAM MORE SO THAN THAT IDIOTS B/D. DON'T BE FOOLED BY THIS... OBAMA OPENLY DO THINGS THAT ARE TRADITIONAL MUSLIM CUSTOM, AND SO SINCE "MOST" AMERICANS ARE "NOT" ACCUSTOMED TO WHAT MUSLIMS DO WITHIN THEIR NORMAL LIVES...THEY ARE BEING FOOLED BY THIS IDIOT OPENLY!! SO ALL YOU IGNORANT AMERICANS OUT THERE... SCHOOL YOURSELVES AND RESEARCH THE INTERNET REGARDING TRADITIONAL MUSLIM CUSTOM, AND SEE FOR YOURSELVES WHAT THIS IDIOT IS ALL ABOUT AND WHAT HE REALLY BELEIVES IN.... ISLAM!!!!!

VIVA LATINOS

[Mr.Nobody]

Reports have come forth detailing the First Couple dancing barefoot on the White House lawn during the birthday celebration (media were banned from the event) as Hip-Hop music blared from inside

the White House.

DANCING BAREFOOT ARE CUSTOMARY FOR MUSLIMS...ESPECIALLY DURING RAMADAM!!!! OBAMA'S ARE ACTUALLY CELEBRATING RAMADAM MORE SO THAN THAT IDIOTS B/D. DON'T BE FOOLED BY THIS... OBAMA OPENLY DO THINGS THAT ARE TRADITIONAL MUSLIM CUSTOM, AND SO SINCE "MOST" AMERICANS ARE "NOT" ACCUSTOMED TO WHAT MUSLIMS DO WITHIN THEIR NORMAL LIVES...THEY ARE BEING FOOLED BY THIS IDIOT OPENLY!! SO ALL YOU IGNORANT AMERICANS OUT THERE... SCHOOL YOURSELVES AND RESEARCH THE INTERNET REGARDING TRADITIONAL MUSLIM CUSTOM, AND SEE FOR YOURSELVES WHAT THIS IDIOT IS ALL ABOUT AND WHAT HE REALLY BELEIVES IN.... ISLAM!!!!!

VIVA LATINOS

You have got to be kidding me! Kuku you are everywhere...Copy and Paste...copy and paste...What does this have to do with the topic!

[speculatorsRIDE]

I suspect you heard about all this AFTER you purchased your dinar. I know I did.

When I was advised to buy dinar, there was no time for research. It was "imminent". I was about to miss out on the opportunity of a lifetime. I was assured that I should do the research after the purchase and then I would be able to confirm everything that was told to me. So, foolishly, I did. I actually learned none of what I was led to believe was true. I learned the Kuwaiti revaluation was not the least bit similar to the current situation. I learned there has never been a time in history that a currency has revalued so dramatically and suddenly. I learned not a single currency trader or expert was recommending the dinar as a currency to own. But, of course, it was too late then. My hard earned dollars had already left the station. Now I had a bunch of dinar that I couldn't use for anything. I could hold them indefinitely on the "hope" that they would RV (even when I concluded that was very unlikely). Or I could sell them for about a 28% loss and try to recover some of my loss. So I sold them. I kick myself for getting emotional about it.

The information in the above paragraph is true. I'll bet if you had heard that story BEFORE you bought dinar you would have been compelled to conduct far more research and talk to real currency specialists before you made your purchase. Instead, you seem to think that the harder you cheerlead for an RV, the more likely it is. You're exhibiting cognitive dissonance. You're justifying your previous behavior. It is difficult to admit that you made a rash, uninformed decision. It's easier to justify it by encouraging other people to make the same decision. That makes you feel better about YOUR decision (even if it is wrong).

I only want people to be informed. Believe it or not, I don't care if they choose to buy dinar if they have heard both sides of the story. Some people have a high level of risk tolerance and like to gamble. Others don't. Others have very little money and think they are getting into a sure thing. Unfortunately, it's difficult to hear the other side of the story because people like you aren't willing to tell it. Those that do hear it, only hear it AFTER they have purchased dinar. Then it's too late. They've gambled money they never intended to gamble.

I am sorry to hear that the lopsters were able to convince you to sell your dinar. Unfortunately, you are not the only one that they have convinced that this investment won't turn a profit. I am glad you have stepped forward, so that the lopsters might know that they have cost you and your family any potential gain.

It is ok to weigh options and information and come to a conclusion for ones self, but this does not absolve those that provided the information to begin with. They must except that they convinced you to sell your dinar just as I would have to accept responsibility for my words if any were to buy dinar due to information I provided and the investment were to fail.

The point that concerns me now is you yourself are displaying cognitive dissonance. You are here cheer leading for an investment failure in an effort to rationalize your decision. It seems a vicious cycle. You will in turn have to accept responsibility for persuading others to sell out.

These are just my observations, but something for each of us to think about.