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BSOSCBlog.com • View topic - Rebuttal To Iraq Currency Dissing Article, "Dinar Is A Scam"

Rebuttal To Iraq Currency Dissing Article, "Dinar Is A Scam"

Rebuttal To Iraq Currency Dissing Article, "Dinar Is A Scam"

Postby jpf1030 » Sat Feb 08, 2014 5:30 am

Howdy All,

For many years I was reluctant and resisted before finally becoming a small investor in the foreign currencies reputedly headed for a massive upward revaluation in the, now much talked about global currency reset (GCR). Finally, after years of prodding by friends and relatives, I did my own research, convincing myself I should not be such a skeptic and invest a small amount that I could afford to lose the modest in/out currency exchange commission, thus never putting the entire investment at risk as we did in the stock market and lost it all.

If this RV happens as those on "hopium" anticipate millions of people will be blessed with millions of dollars in which to do good for the world in helping others in so many ways. A couple of days ago there was a reposting of an excellent rebuttal to a scathing, negative article entitled, "Dinar Is A Scam". It is so well written I decided to post it here on our blog for any of you that may be interested in looking into the Iraq Dinar, Vietnam Dong, Indonesian Rupiah or the really risky Zimbabwe dollar.

Not much in today's downtrodden economy can give us financial hope, but at least these currencies can provide that. Since investing last year my education into international economics, currencies & politics has exponentially increased.
This expanded global awareness has certainly been an education which is certainly an important preparedness aspect.
If not this, whatever you choose to give financial hope for coming times get going on it...Get Prepared!!!

Happy Preparedness Trails,
Jim
*********************************************************************************************************************************************

Per Request-Reposted "Dinar a Scam?" from KTFA Forum

02/05/2014

22 Comments

Reposted from Jan.2012 and KTFA Forum

We've all heard investing in the dinar is a scam:

If there is a scam going on, it is the dream stealers trying to rob you of hope. In actuality, they are missing out on the blessings that come with dream building with one's spouse. That alone is very rewarding, and very telling, into how well two soulmates are really thinking on the same page.

If there is a scam going on, it's the US govt, Iragi govt and UN holding back info ... delaying ... the invitable. But post RI you'll be praised for your insite into this investment by the nay-sayers. (Hindsite investors).

You want an example of a scam? Play the lottery. The odds of winning are astronomically against you. That scam plays on the hopes of the un-informed, or desperate, seeking great rewards without understanding the odds. Governments make unimaginable dollars preying on lottery ticket buyers. Whereas investing in the dinar, we can attempt to track international politics and become somewhat educated on our investment.

We are talking the currency of a resource rich country torn by a former dictatorship, war and civil unrest. In time, this will RI happen. Maybe not when we expect it, and maybe not in the manner we expect it, but the value of the Iraqi dinar will rise. And eventually, we will see our financial rewards. But with the lottery, as those little balls keep tumbling, the odds of winning never get any better, and you never gain anny additional insight on what numbers to pick, and you have to keep buying more tickets for a fresh "chance to win."
....
Read More Link on Right
We've all heard it's risky:

Bunk. The most you can lose in dollars, is the amount invested, and that is only if you actually lose your dinar. That is right ... if you misplace the currency. After all, dinartrade has a buy-back policy, right? Does your financial planner or 401K manager have such a policy? 'Fraid not.

You want to talk risky? Buy into the stock market, without educating yourself. And what can you really learn from a prospectus? And remember, most financial planners are commissioned salespersons. Ask them if they make their living on their commissions, or on the results of the products they invest their clients money into. You'll be shocked by this scam.

Let's say you timed the market well, and bout General Dynamics a year ago at about $35/share. And now it is about double that. Forget trading fees, ... you doubled. So if you had purchased 5 shares, for $175, you would now have ~$350. Remember these numbers. Double your money in the stock market ... but limited realization in terms of dollars gained, but the limited number of dollars invested initially. 100% rate of return in one year.

How about SSI? Counting on this for retirement supplement, now that's another risky government scam. 'Nuff said.

How about Real Estate?

Let's compare it to purchasing dinar. Build a speckhouse for 200,000 and try to market it for 300,000. That is a 2:1 ratio. Or buy a foreclosure house. Say EFMV $150,000 purchased at auction for $100,000, plus holding costs and closing costs, so max realized gain is maybe $50,000 - again a 2:1 ratio. But you may hold longer than anticipated, (more expense) and lower your selling price and only make $25,000 - now your at a ratio of say 5:1. That is saying that for every $5 invested, you only made $1.

If in the example, you are upside down in real estate, you've invested 150,000 and got out at 125,000. Now you have lost $25,000. Now compare that to the dinar. In the dinar, you only risk what you invest, and to that I take you back to Ali's buy-back policy. Further, you did not have to start with a $100,000 investment to try to gain $50,000.

How about buying an estate property below EFMV, and needing to sit on it for three years before reselling it. Even if a profit is gained, the rate of return annualized needs to be divided by three. And was there a positive or a negative cash flow on that property for the three years you held it? Again, compare that to the dinar. The only argument against the dinar here is that the amount invested was stagnant while you held it.

And if you had the amount of your dinar purchase in a CD right now, could you get 2% return? I doubt it. And to get 2% you're probably looking at a 5 year hold. 'Nuff said.

We've all heard negative news soundbites:

The few soundbites I've heard were so trite, they were laughable. That's not journalism ... it's sensationalism, not credible research. It's been the blind leading the blind.

What about how long we have to wait for the RI to exchange.

If you are in an employer based retirement system, how long do you have to work, in terms of years, before you become retirement eligible? And what kind of return do you get? Do you know how to track it? Have you done your homework there? Now that might be a risky investment ... a lifetime.

Oh, you don't have an employer based retirement system? Okay. Then look into your Roth or traditional IRA or other "paper assets" in your portfolio. What did you say? You don't have a portfolio? Or did I just hear you say your portfolio was cut in half in the past two years, as well as your annual earnings? Wow. That was a risky investment, ... very risky.

We've all heard it's an pyramid scheme:

Go to work tomorrow to your JOB (just over broke). I'm all for capitalism. I believe in rewarding those that take the calculated risks, those that create jobs for others, those that stabilize local economies. But when you look at the company ladder, well, there is your pyramid at it's best. And here, we know KTFM staff are not making profit on our investment in dinar. Ali is, yes, as a businessman that made this venture accessible to us all. And for his effort and risk IMO he deserves to make his profits.

There are the nay-sayers that say the only ones making money on the dinar are the sellers, such as CBI and dinartrade. Well, time will reveal the truth on that point of contention.

So let's talk dinar.

100,000 dinar mailed overnight from dinartrade is $140, + 24 UPS fee, + $1 for the money order = $165 invested. This is a relatively small amount to invest in anything
.
Presently the rate is $1=1170 IQD, or $0.0008547/dinar (less than 1/10th cent per dinar). But with shipping, etc, ~= $0.000165 (a triffle above 1/10th cent per dinar.) So we'll call it $0.001 = 1/10th cent per dinar.

If/when there is an Re-V/I/D, look at the numbers. We've heard lows of 1IQD at $0.86 to highs of $3.86. For easy math, I'm just using RV at 1 IQD = $1. That means you $165 investment is now worth $100,000, pretax. Okay, you'll have some expense to exchange ... minimal in big scheme, but may take your total investment to say $500. So you turn $500 into $99,500 (pretax).

You did not have to risk investing 1,000,000 to make a potential 100,000, or $125,000 to make $25,000.

Better yet, you were not excluded from the opportunity to make this $100,000 because you lacked the $1,000,000 in cash or credit to invest.

And if the increase in the dinar on the currency exchange boards is a gradual float, and not a spike from an RI (not saying this is likely) you will have to decide for yourself when to cash in. But in this scenario, all it needs to do is increase to 1 IQD = 1 penny, and you have a ten fold return on investment, grossing $1000 on a $165 investment. Have your financial planner or realtor or banker deliver that return! Not gonna happen.

Stilll skeptical? Stay with the gradual float. At a dime, cash in on 25,000 dinar note. Gross $2500 - $165 + fees and tax so say you clear $2000 How is that for a rate of return? Initial investment of $165, net $2000, but n0pot done yet ... still holding 75,000 IQD and you're "playing with house money." The rate of return calculated on any gain, is infinite ... because you already made more than your initial investment on the first cashout.

Now who cares if you have to wait a few years for a float to reach $3.00+. So $3.22 x 75,000IGD = $241,500 (pretax) is pure profit. Understand i am not an advocate of a gradual float, and favor an RI, but wantedd to include it in this post, for the negative nellies to chew on as a worst case scenario. I'll take that return!

Compare the dinar to CDs. No comparison.

Compare the dinar to IRAs/MFs/stocks/bonds, etc. No comparison

Compare the dinar to the lottery. No comparison. How can I say that? In the lottery, the numbers predicate the number of winners, typically one, if any per drawing. But with the dinar, all that exchange are winners. Thus, again I say, no comparison.

Compare the dinar to real estate. I've had great returns and can even mathematically show you infinite rates of return, but for the vast majority of people, real estate transactions returns vs the returns on the dinar investment, well ... no comparison. Further, how many across the globe are in trouble financially as we speak, because they thought their home was their biggest asset, only to now realize that their mortgage and over-leveraging is eating them up, both financially, and emotionally.

Compare the dinar to pension plans. Took you 20, 25, 30, 35, etc years of your life, and you can only receive pension payments as alloted, under someone elses discression. So, ... no comparison.

I'll conclude with these thoughts.

For the negative nellies that say you were scammed when you bought into the dinar investment, with the $165 they did not invest, they may have purchased them something else. Lets say they bought dinner and a movie for two, or some clothes they'll only wear a few times ...

So when your investment is eventually worth (Example only) $99,500 pretax, I hope they enjoyed the dinner, movie and clothes that now cost them ~ $99,500.

And I'm not done yet. Let's say you pay your taxes and tithes, and then pay off your remaining mortgage, freeing up that $650/mo payment for the next 180 months of your life. Look at how much "not buying dinar" now cost the negative nellies.

So I'm willing to give up a night out with my wife and new shoes. In fact, the reward potential in my household said ... what else can we postpone pre=RI, ... to not have to postpone life any longer?

If you followed all the way through this post, thanks for reading. I needed to vent.

I needed to take the frustrations of listening to negative vibes and multiply that with negative reasoning, to produce a postive outcome.

Anonymous




Comments
dezertheat
02/05/2014 2:00pm

I totally agree !
Reply
Jon Scroggins
02/05/2014 2:20pm

This is exactly what I told my wife when we initially invested except our worst case scenario if it NEVER flipped was, we'd have foreign currency to show our future grandchildren. Hardly not worth the risk when the probability of this thing flipping is such a tremendous return.
Reply
Lou
02/05/2014 2:32pm

Well written, well said. Thank you!
Reply
EHS Class 62 link
02/05/2014 2:42pm

You are spot on with this information. How many of you spend $1.00 a day on lottery tickets? That is $365.00 a year. Many of you spend much more.My bank exchanged my dollars for Iraqi currency for just $20.00. They told me they will exchange it back whether it revalues or not for the same fee. So to make a long story short, The most That I would stand to lose is $40.00.What have you got to lose. Stay in it for the long term and stop worrying. If the money put into it is such a loss to you, you should never gotten into it.
Reply
faithmover
02/05/2014 2:44pm

WELL SAID!!! Thank you for venting and taking the time to tell us. God Bless you.
Reply
Sheri
02/05/2014 2:53pm

Thanks for venting..... Believe in everthing you said. The nervous nellies need to rethink why they invested. We, like your family decided it was worth the little we invested for a lifetime of change that we may never see with our other investments. Thanks again!! Looking forward to the blessing.
Reply
realist
02/05/2014 2:56pm

Seriously guys, I've been in this for too long. Yet another year has passed although since 2 years ago it's been "any second now." I want to get rich quick like everyone else, but open your eyes. I use to check this site 3 times an hour. Now, 2 times a month. Maybe one day it will happen, but don't count on it. Just live your life.
Reply
Broncolover
02/05/2014 7:25pm

Thank you for your realistic POST
Reply
Abel
02/05/2014 2:58pm

Nice post, the money I spent I can afford to lose, but the education I have recieved. Priceless! Now it's time for the blessing!
Reply
Andrew link
02/05/2014 3:13pm

I totally agree with your post. Very little to lose compaired to the probable gain.
2 years ago I told my co-workers that every one should buy 100,000 Dinar and just forget about the money they spent.
They will all wish they had listened to me in the future. (wish I knew how long? lol)
Reply
The Bix link
02/05/2014 3:27pm

There is one thing you did not mention, which is a valid point, IF and I say IF the Dinar never revalued at all, you can sell your Dinar back to Iraq and get a good portion (less cost of course) back, out of your initial investment of $165, you get not one cent back from all the other investments you have mentioned above.
Let the Nellies chew on that one...their loss all round.
Reply
Papa Jimbo
02/05/2014 3:33pm

What a great explanation/comparison of this investment! Thank you for posting.
Reply
ineedthisrv
02/05/2014 3:42pm

http://mobile.nytimes.com/2014/02/05/op ... &referrer=
Reply
Vegas Gypsy
02/05/2014 3:46pm

I mentioned the Dinar to the owner of an RV park. She immediately said, "It's a scam"...that's what she heard on Coast to Coast AM show.

My question: If it's a "scam," who is benefiting? Answer: No one! Someone has to benefit if something is a "scam," don't they? She might learn some day that it was not, in fact, a scam when I move on out of that park.

I know about the risks of the stock market. I watch the roller coaster ride every day as I'm invested. Scary...

Then there's the imminent devaluation of the dollar, reportedly 30% less. Time to get some hard assets, I'm thinking!
Reply
Clinton Beckwith
02/05/2014 4:06pm

Very good post. The fact is the Dinar is a good investment with a good return. Buy Dinar and get on with your life, while the investment catches up to you!
Reply
Tim
02/05/2014 4:58pm

This all sounds good but we have to RV to see any gain! At least with my real estate I'm collecting rents and getting nice tax deductions.
Reply
Chris
02/05/2014 5:03pm

Well said. And again, if one cannot afford to lose, one should not invest. But really...how can you lose with such a low exchange rate?
Reply
Broncolover
02/05/2014 5:29pm

The lottery is luck. Nothing more. The purchase of Dinar for hopefully an increase to happen is a DREAM
Reply
Shannon333
02/05/2014 7:02pm

Appreciated this!
Reply
Elaine
02/05/2014 7:25pm

Does anyone know the impact to depositors re the addendum that passed year end 2013 that was made part of the Frank Dodd bill? How will it affect deposits in US banks or even int'l banks? Seems I read that deposits will become assets to bank who will make decisions as to when and how much one may withdraw or spend.

Reply
Elaine
02/05/2014 7:27pm

I totally agree with the post regarding this investment! Great opportunity and educational. We can see through glasses more clearly than ever which should help in our decision-making processes daily!
Reply
Nathaniel link
02/05/2014 10:46pm

I agree!!
Reply
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