http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144 Discussion about: The Iraqi Dinar Scam http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment244303 ]]> Sun, 17 Aug 2008 21:32:56 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment240829
wrong have you ever turned to a non investor say hey i know something for you to invest in... when they ask why ... you say well in the past...and the conversation ends there....

because if you look at the past wars... like ww2, korea, vietnam, and even desert storm with kuwait... all of this happened its just a matter of how much...

so this is just an investment... investments are risks every single one of them... im not going to lie im looking at this investment very promptly cause its not everyday a country goes to war... and thats why it seems skeptical cause people would be saying well why werent they doing this 6 years ago... simple we weretn at war... so ive said my peace... ]]> Thu, 14 Aug 2008 19:57:04 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment239425 ]]> Wed, 13 Aug 2008 21:50:30 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment235785 ]]> Mon, 11 Aug 2008 09:35:34 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment230345 ]]> Thu, 07 Aug 2008 18:02:47 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment230311 The US will not let the Iraq mission fail or will the Dinar fail.
The Dinar may not reach 3:1 value but it sure will go up.
]]> Thu, 07 Aug 2008 17:31:56 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment229075 ]]> Wed, 06 Aug 2008 23:30:06 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment207961 Anyone who thinks that Iraq can introduce a currency, increase the supply of it to 26 Trillion (over 3 times more than the US dollar, 3 times more than the Euro) and use this currency for almost 5 years now... an then somehow magically increase the value 120,000%... well you know the old sayings.. I've got some land in Florida I'd like to sell you... or maybe a bridge in Brooklyn.
It's amazing how many people involved in this thing don't understand simple economics. Econ 101... supply and demand. The Dollar and the Euro get their value from the the demand that is generated from the size of the economies. The US has a $13 trillion dollar GDP, The Euro countries have a $12 trillion GDP. That makes for a tremendous demand for those currencies. Iraq on the other hand has a GDP of about $90 billion... and almost all of that is from oil sales which are in dollars so it does nothing for the dinar. The Iraqi non oil economy is practically nothig. There is virtually no demand for dinar except for speculators. With a money supply 3 times that of the Euro or Dollar. Iraq would have to have their non oil economy grow to approx 3 times the size of the U.S. or Euro nations (that would be a non oil GDP of about $35 trillion) in order to have the dinar rise to 1:1.
Hopefully you see that is a total farce.
If Iraq wants a rate of 1:1 or anything close, they will issue a new currency and re-denominate. In other words, lop 3 zeros from the currency. For every 1000 of this dinar you have, you will get 1 of the new currency. That is if they don't somehow block money from reentering the country for an exchnage.
Whatever money you have in the Iraqi dinar is at great risk! ]]> Sun, 20 Jul 2008 14:43:04 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment207503 ]]> Sun, 20 Jul 2008 00:46:08 PST http://www.bizcovering.com/Investing/The-Iraqi-Dinar-Scam.27144#comment191649 ]]> Sat, 05 Jul 2008 09:12:15 PST