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Why are people still selling all their dinar?


johnnyleo
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People get sick of being lied to and need the money.

[/quote

If they need the money they should never had invested this money to begin with. Thats like people who go to casinos and lose money they can't get back. With IQD you CAN get it back or at least a good part of it. The question is why do people invest money they can't afford to part with. Its a tough world and crying usually doesn't make it better. Like WC Fields said there is a sucker born every minute, Depending on your view of this investment tells you if you're a sucker. I like to think of myself as a risk taker with some common sense and definitley a gambler.

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Why a lot of people still selling all their dinar when the withdrawal of all the remaining US soldier will end in this month?don't they believe in Sonny1's prediction by middle of January 2012 or should I say don't we all believe in Sonny1's prediction? I do believe what Sonny1 and Adam say. Does this means that the quickest all the remaining soldier back to the states by this month, the closer we are to the RV. Don't they ( people that are selling their dinar ) want their dinar RV, do they?I am confused why they are still selling when the time get closer.

Jonnyleo -

The REASON people are selling their Dinars is because of people like okie and bulldog and jonneywg who weekly tell them that is has RV'd and when it turns-out that it hasn't (as is the case EVERY TIME), people lose heart.

It is because these plastic guru's refuse to give their supposed "intel" sources to US to back-up their ALWAYS wild and incorrect claims. . .and they refuse to tell their ALWAYS "higher-than-the-world" sources whom they won't reveal, that they - the supposed sources - are as full of s--- as a Christmas Turkey!

As repeated consequence, these plastic guru's keep putting out vomit which they claim is true, but when truth shows them to have been consistantly and without fail ALWAYS WRONG, they just KEEP DOING IT and people KEEP BELIEVING them.

After awile (for some it is after MONTHS and 5 or 6 lies. . .for others is is only after YEARS and breaking of the guru addiction), that people become discouraged with the never-ending-never-changing 1170 rate and bail-out despite the loss they receive.

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I said back in 2009, way before ever being on this site, and I'm saying now that the RV will never happen the way it is being said. You may see a little return, any thing from a 2 to maybe 15 Percent return on your money in the next five years. But investing $1100 and turn into a million, get real folks.

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Personally, I've got 20 million and would like to sale 10 million for a $1000. Per million & re-invest in a warka account; just to be safe on my investment , without investing more out of pocket.. Need some help from fellow DV members, please..

Sbuck614@gmail.com.. :D

thanks to all the e-mails...

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Day Trader I tend to agree with you. However Dinars are not the only investment opportunity right now. The rare state and direction our economy and the world economy is going, signal some rare buying opportunities also that could yield some very good results.

More millionaires were made in the great depression than anytime before. It is about seizing opportunities at the right time.

Of course as with any investment there are no guarantees but the volatility of the middle east right now makes the Long Term Iraqi Stability a very big risk. There is chaos going on in the middle East right now and I don't see it getting better.

Even if the fundamentals are there in Iraq, the stability of the country/Gov't plays even a bigger role than what most people care to look at.

Nigeria is rich in oil and natural resources but due to the political instability and corruption their financial condition has never really improved or much translated down to the average guy. It is an extremely poor place. The poverty and squalor are beyond a Westerner's imagination. (I know first hand)

So the real issue is a gamble of where to hold your money right now for large payoffs in the future.

Personally I think that this thing could possibly continue to delay even more while Iraq has to prove to the international community that they can maintain stability on their own without big brother USA there to keep them on track and protect their interests.

All is a guess right now what will happen. As said previously I am holding tight for the moment and have faith in this thing but I am not a blind believer either and don't want to hold too long if the ship looks like it isn't going to float on its own. As said before I believe the financial climate is posing other rare buying opportunities as well.

We are in this because we believed the risk didn't outweigh the return potential. That could change. I am simply not willing to hold another 3-4 years waiting for this thing so we are watching the indicators closely to see what direction this thing is going to take next.

GP

There is certainly a good chance this scenario will play out:

US leaves and Iraq RV's right away to help provide economic stability and spur growth. I do not believe the doom idea that Iran will move in like a bad neighbor. Iran knows that the US did not really leave, just relocated. Our navy is right nearby, and troops are in Kuwait, as well as 13 permanent bases in Iraq and our air force is always ready, not to mention private contractors in country.

Giving them their money back, and at the same time taking away the presence of the occupiers (at least visually) will make Iraqis calmer and happier, and less likely to support radical Islam than anything else the GOI or the US can do.

So the probability of RV in January is strong. Otherwise I am prepared to wait a few years if necessary.

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I said back in 2009, way before ever being on this site, and I'm saying now that the RV will never happen the way it is being said. You may see a little return, any thing from a 2 to maybe 15 Percent return on your money in the next five years. But investing $1100 and turn into a million, get real folks.

"oh really?"

signed,

George Soros

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Its simple people believed in the Guru's, they went out and mortgage their homes, cars thinking that they were going to get rich overnight and it didn't happen so now they are trying to save their homes. So that is the answer to your question..

While I'd like to think I have compassion for all and really feel for those in need. I also don't understand those that could possibly put themselves & their families in harms way then blame others.Don't follow or believe guru's other than for entertainment purposes and defineately don't take any financial advise from a fictous person. Do your own research or contact someone you know and trust before entering in any investment. Once in,stay strong or get the heck out, The blame game should start and end with the person you see in the mirror. I have yet to hear of anyone being forced by gunpoint to invest. With that being said I wish everyone success in all ventures. These are my opinions and I endorse them.

Edited by caz1104
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Also where are all the self righteous reverse pumpers? They claim they are here to inform/protect those that cant protect themselves. I have yet to see a post or thread offering any assistance (financial or spiritual) or was that all just egotistical BS. These are my opinions and I endorse them.

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Deputy in the Finance Committee is Expected to Equal the Iraqi Dinar Against the U.S. Dollar During the Next Biennium

// // // ]]> Baghdad (news) was likely a member of the Finance Committee and the representative / National Alliance / Haitham Jubouri Sarraldenaralaraca equal to the U.S. dollar during the next biennium after the implementation of the project to delete three zeros from the Iraqi currency.

What part about, "EQUAL THE IRAQI DINAR AGAINST THE U.S. DOLLAR" . . .

and, "DURING THE NEXT BIENNIUM" . . .

and, "AFTER THE PROJECT TO DELETE THREE ZEROS FROM THE IRAQI CURRENCY," does anybody NOT understand???

Are you going to CONTINUE to believe uneducated, former short-order cooks who SING to you and call themselves GURU's and rage about REDICULOUS returns on the risky investment on their currency. . .or are you FINALLY going to start accepting the PUBLISHED and OFFICIAL statements of what is to happen with the Dinar. . .and WHEN?

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Why a lot of people still selling all their dinar when the withdrawal of all the remaining US soldier will end in this month?don't they believe in Sonny1's prediction by middle of January 2012 or should I say don't we all believe in Sonny1's prediction? I do believe what Sonny1 and Adam say. Does this means that the quickest all the remaining soldier back to the states by this month, the closer we are to the RV. Don't they ( people that are selling their dinar ) want their dinar RV, do they?I am confused why they are still selling when the time get closer.

We have had many different people tell us many many times that the RV is... just around the corner, tomorrow, this weekend, next weekend, this month. next month, this year, next year, this drop dead date, that drop dead date, as soon as this happens, as soon as that happens, our ship has arrived, the ship is at sea, our ship sank, our day is here, the banks have been given the rate and we'll see it Monday, the UST is holding it up, Obama is holding it up, taxes will be long/short term capital gain rates, taxes will be at ordinary income rates, Bush said the war will pay for itself, the PLAN says it's all about dinar for oil, fractional banking will allow the RV to happen at a high rate, the RV will be at least $3+ because that's what it was before the UN sanctions, it's got to be opver $3 because the CBI said the dinar will be the strongest currency in the ME, it's got to be over $3 because the Iraqi people are proud and won't settle fore second fiddle to Kuiwait, a multitiude of bank screens already show the rate change is locked in, it's official and we'll see it by Friday, it's a done deal, they've already started cashing in somewhere, the RV will be done in a three tier order, and the list goes on and on and on and on and on......the troop pull out is just another event that the same people who have said all these things in the past are using today to say the RV is coming soon.

Obviously, anyone selling their dinar just isn't buying the story anymore. They have lost faith or interpretted the facts of the past to mean there will be no RV. Can you blame them?.....should you blame them? I don't....I personally have always said this was a very high risk venture, but since the possible payout vs the capital lay out was so one sided, I gambled. I'm sure there was and is many people who have been convinced that this is going to happen for sure and in a big way.....I hope they are right, but by no means is that assured. Adam has said there is no guarranty as to rate or date, anyone who is heavily invested or over-extended could be the type of people who ae selling their dinar because they may need some cash. It doesn't make them wrong or impatient.....it just means they realize this thing may drag on for much more time, irregardless of what Sonny or anyone else is saying.

No matter what things look like today, you can't forget that anyone involved in the dinar for a long time has seen the RV imminant many times and it did not happen....JMO B)

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Why a lot of people still selling all their dinar when the withdrawal of all the remaining US soldier will end in this month?don't they believe in Sonny1's prediction by middle of January 2012 or should I say don't we all believe in Sonny1's prediction? I do believe what Sonny1 and Adam say. Does this means that the quickest all the remaining soldier back to the states by this month, the closer we are to the RV. Don't they ( people that are selling their dinar ) want their dinar RV, do they?I am confused why they are still selling when the time get closer.

(IMO):THEY ARE SELLING THEIR DINAR SIMPLY BECAUSE THEY EITHER "NEED MONEY" OR "DON'T BELIEVE" IN THIS INVESTMENT ANYMORE.

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  • 3 weeks later...

There is certainly a good chance this scenario will play out:

US leaves and Iraq RV's right away to help provide economic stability and spur growth. I do not believe the doom idea that Iran will move in like a bad neighbor. Iran knows that the US did not really leave, just relocated. Our navy is right nearby, and troops are in Kuwait, as well as 13 permanent bases in Iraq and our air force is always ready, not to mention private contractors in country.

Giving them their money back, and at the same time taking away the presence of the occupiers (at least visually) will make Iraqis calmer and happier, and less likely to support radical Islam than anything else the GOI or the US can do.

So the probability of RV in January is strong. Otherwise I am prepared to wait a few years if necessary.

good post hame55 but I don't believe that the key to stability in Iraq is all about prosperity. There are enough extremist groups there now from within and without that could care less about the economy. They are there to disrupt, gain control and influence, kill and torment different ethnicity from their own and undermine the current democratic form of gov't.

I don't think Iran is stupid enough to make such an overt play in Iraq and this is not about Iran. However it could be partially about some of the terrorist groups Iran funds and supports behind the scenes doing their dirty work.

Iran is however just one of the detractors of many and will deny all involvement with their actions.

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Some people got pumped and now need their money back.

Maybe hold on to what they should have bought in the first place sell the rest.

Some took a shot in the dark and now they cant see the target any longer.

I took a long shot on a very dark night I am not sure i could ever see the target .

But my round is stilll in flight .Just hoping I was facing that elusive RV when I pulled the trigger.

DONT YOU JUST LOVE TARGET PRACTICE ON VERY DARK NIGHTS

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I made an orginial post in early December but I just wanted to mention one other factor. There are a lot of comments about "do your own research". A lot of people did do their own research by visiting websites that were completely dedicated to the Dinar investment. Unfortuantely, people did not realize these were actually "Guru's" and not financial experts. There were so many good points made and if you spin a story for awhile you can make it sound great. I think a lot of people got in deep before they realized that these sites were not experts but just pumping stations to get people to buy more. There were not many of these forum websites (like this one) available in the beginning of this investment where you got to see other factors affecting the investment.

This site has certainly shed a ton of light on the Dinar investment with the Iraqi news section as well as other feedback from others that have also invested in the Dinar. I can certainly understand people having to make a decision to get rid of some of their investment. 7 years is a long time for most people thinking a quick return has turned into a long battle.

I wish everyone the best in this investment but let's not make those that withdraw feel as though they have made a bad decision. We all realize now that this was a big gamble. Hopefully at some point we will see someting great happen.

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Various and any number of people have asked repeatedly why Adam has not "CUT-OFF" all the hypster reports all saying "FOR SURE by Wednesday," and "Our sources are TOO HIGH to release, and we will hear between when the banks in Hawaii close and 2 AM in the morning."

But they are NEVER cut off. They are NEVER blocked, so people are dragged through an emotional barbed-wire coil month-after-month, year-after-year.

People have FINALLY started to "drop-off" the many blogs (including this one) because there has NEVER been any accurate projection. However, there HAVE been THOUSANDS of WRONG pontifications which have continued EVERY DAY right up to the LAST SECOND.

The REASON so many people continue to sell their dinars at 1170 per dollar. . .and the REASON so many participating banks are WILLING to keep selling TRILLIONS of the dinars which THEY are holdin to the Central Bank of Iraq all at the same old 1170 rate - INSTEAD of holding them for a THOUSAND-FOLD RETURN should be OBVIOUS to us all. Despite all the multiple GURU Hype that , "WE ARE THERE, MILLIONAIRES," all these many banks know something none of our magnificant GURUs seem NOT to know!

Whether it is coming from a former Mexican-food short-order cook, recently turned well-heeled singing Dinar GURU, or coming from an okie. . .NOTHING provided by either their supposedly "HIGH SOURCES" or from their own "WISE INTERPRETATION seems EVER to be accurate or even CLOSE!

Perhaps in 2012, we can begin to save our emotions and return to normal lives which do NOT hinge on watching every GURU have his garbage dropped-in and summarized here.

When, as and IF it happens that the Iraqi currency should increase in value before the country itself IMPLODES with their inept and totally corrupt current leadership, then hopefully we can all at least RECOVER both what we spent on dinars, and MAYBE even some of the multiple millions made by the dinar exchange houses which sold it to us.

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For what it's worth I had a psychic reading & the woman who didn't know about the dinar said - there's a lot of people involved, I did a lot of research, it's a good investment , it will happen between May & Sept 2012, rate ( I told her .10-$8) She said in the middle- $3+

Another friend had a reading with a Canadian psychic in Montreal & I think he told her May 22.

I have felt for several months now it has a bit more to go, so Iv'e set it aside for the time being & just let it happen in it's own time. There's still more before they're ready

no matter what we think! Imho

A psychic cannot POSSIBLY be any WORSE or have LESS accuracy than all our fabulous GURU's have been! Ouija boards and Tarot Cards, just by SHEER CHANCE ALONE would be more accurate than all these benevolant GURUs have been!

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Various and any number of people have asked repeatedly why Adam has not "CUT-OFF" all the hypster reports all saying "FOR SURE by Wednesday," and "Our sources are TOO HIGH to release, and we will hear between when the banks in Hawaii close and 2 AM in the morning."

But they are NEVER cut off. They are NEVER blocked, so people are dragged through an emotional barbed-wire coil month-after-month, year-after-year.

People have FINALLY started to "drop-off" the many blogs (including this one) because there has NEVER been any accurate projection. However, there HAVE been THOUSANDS of WRONG pontifications which have continued EVERY DAY right up to the LAST SECOND.

The REASON so many people continue to sell their dinars at 1170 per dollar. . .and the REASON so many participating banks are WILLING to keep selling TRILLIONS of the dinars which THEY are holdin to the Central Bank of Iraq all at the same old 1170 rate - INSTEAD of holding them for a THOUSAND-FOLD RETURN should be OBVIOUS to us all. Despite all the multiple GURU Hype that , "WE ARE THERE, MILLIONAIRES," all these many banks know something none of our magnificant GURUs seem NOT to know!

Whether it is coming from a former Mexican-food short-order cook, recently turned well-heeled singing Dinar GURU, or coming from an okie. . .NOTHING provided by either their supposedly "HIGH SOURCES" or from their own "WISE INTERPRETATION seems EVER to be accurate or even CLOSE!

Perhaps in 2012, we can begin to save our emotions and return to normal lives which do NOT hinge on watching every GURU have his garbage dropped-in and summarized here.

When, as and IF it happens that the Iraqi currency should increase in value before the country itself IMPLODES with their inept and totally corrupt current leadership, then hopefully we can all at least RECOVER both what we spent on dinars, and MAYBE even some of the multiple millions made by the dinar exchange houses which sold it to us.

Skybear there really is not an easy answer to the issue of blocking the hype on this forum. Either you censor what you disagree with or you allow a natural shakeout to occur and allow people the privilege of making their own decisions.

By censoring the content you then control it and it is no longer a forum of free and diverse ideas. So it becomes an immense task of monitoring every word 24 hours a day. Then the task of deciding what to allow and what to censore? Who makes the decision and why? Is it correct information possibly or fabricated? Is it reliable or how do you know for sure and confirm the sources?

This would demand tremendous resources and manpower to implement effectively. People would seek information from uncensored sources to get more information since there would be no way to know what was censored out, why it was censored, and whether you agreed with the decision and reason for it.

But I do understand your point and frustration.

I for one would like to have the opportunity myself as to what I decide to place value on and what to disregard.

Most is disregarded...

They are a bunch of psycho circus clowns trying to run the country over there. Who trusts anything they do?

I for one am not so gullible and if this investment starts to turn south then I will re-evaluate my position. I have been in for over 3 years now so time is not my concern. On the other hand the direction the country moves is my concern.

I am hoping the smoke will clear long enough over there for the RV to occur before the country implodes in childish nonsense and civil war.

One of the most common mistakes made by investors of all kinds is the tendency to hold an investment too long because of emotional attachment and greed rather than objective evaluation. One must separate the emotions from this thing to be truly objective.

For now I am still holding.

Keeping it real

GP

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