You Can’t Fix Stupid: The Iraqi Dinar Scam

By John Lee.
In a recent article on Forbes magazine
website, legal expert and anti-scam campaigner Jay Adkisson challenges
the idea that vast wealth will be made from a dramatic appreciation of
the Iraqi dinar, saying, “You can’t fix stupid“.
“Scams involving the arbitrage of foreign currencies have been around as long as there have been, well, foreign currencies“, he explains, “but
… why the Dinar scam has been largely successful [is that] with the
Dinar scam you can actually get the cold hard Dinars if you want them.”
“Yep,
suckers around America have their closets and garages full of bales of
Dinars, just waiting for that glorious day when they will re-valuate.
Which is never.”
“To help sell the scam, the scam artists
have set up all sorts of websites and bulletin boards and newsletter
and social media and you-name-it to try to create the impression that
the Dinars are valuable and are about to re-valuate at any moment.
“I’ve
had people tell me that their Dinars are going to re-valuate ‘within
the week’ or ‘by the end of the month’, and they’ve been telling me for
years.”
Adkisson goes on to explain how, human nature being what it it,
people refuse to believe they have been scammed, and likens the idea of a
massive increase in the value of the dinar to ‘magic beans’.
“Many remain truly convinced that their initial investment was a good one, and no amount of proof or logic can dissuade them“,
he says. On dinar-related bulletin boards, some will even argue openly
that logic is over-rated, or irrelevant to the argument.
“It
is a scam because the Dinar has no chance of significant appreciation,
i.e., appreciation that would make buying Dinars worthwhile … there is
absolutely no reason to believe that the Iraqi Dinar will significantly
appreciate in the long term, and it utterly insane to believe that the
Iraqi Dinar will significantly appreciate in the short term, i.e.,
within 10 years …
“You might as well buy bags of sand, because they are going to appreciate more quickly than the Iraqi Dinar.” http://www.iraq-businessnews.com/2012/08/06/you-cant-fix-stupid-the-iraqi-dinar-scam/

Who is this dude John Lee.........What is this Cr@p

clayf wrote:Who is this dude John Lee.........What is this Cr@p

Profile
John Lee is Vice Chairman of the Board of East West Bancorp, Inc. and East West Bank. Mr. Lee co-founded Standard Bank in 1980, served as Chairman, President and CEO—a $923 million asset federal savings bank acquired by East West in 2006. Mr. Lee began his long and distinguished career in banking at East West Bank, where he was the first general manager of East West Bank in the Chinatown District of Los Angeles. Mr. Lee is active in a variety of philanthropic activities and is an avid supporter of education in Chinese art and culture. He is a member of the Board of Governors of the Bowers Museum of Cultural Art.


HE'S A "BANKSTER"....... NEED WE SAY ANY MORE??

Maybe we should let all the other sites and peeps know that all the dinar we hold ain't worth a shite- They'll love that, won't they? Maybe you should call that dickweed and have him come to this site to verify his basis for belief that we are all screwed, blued, and tatooed-And while your at it,ask him if he will tell us that we are all 'Stupid'-It just might clear the air a little bit-At least we would all know where we stand-Right in a big pile of shite-

terbo56 wrote:Maybe we should let all the other sites and peeps know that all the dinar we hold ain't worth a shite- They'll love that, won't they? Maybe you should call that dickweed and have him come to this site to verify his basis for belief that we are all screwed, blued, and tatooed-And while your at it,ask him if he will tell us that we are all 'Stupid'-It just might clear the air a little bit-At least we would all know where we stand-Right in a big pile of shite-

I say HEAR HEAR and thanx Chevysteve for the info..Reposting might be an idea, dinarguru anybody or PTR or just say scr#w it and let it die?????

Letting it DIE then.... Burn baby burn

I have always thought, from day one, that it was really going to be something big, or a big hose job. Either way it turns out, I am OK with it, as long as a I can go to Iraq, and beat the living snot out of Malilki.

Blah, blah, blah, not one fact in the whole article. Nothing but unsubstantiated opinion. The Jay Adkisson he mentions seems to be a lawyer with a .... umm ... less than stellar background. IMO

PALMER01 wrote:I have always thought, from day one, that it was really going to be something big, or a big hose job. Either way it turns out, I am OK with it, as long as a I can go to Iraq, and beat the living snot out of Malilki.

That certainly gave me a good laugh,remember to bring your dinars with you,you can atleast get your money back in goods and services..Maybe a few bandages for your knuckles..

Just where do these 'John Lee' douchebags come from anyway? I think maybe he fell out of his father's arss during colon surgery!

AK- Pic is not visible-

Darn and it was such a laughable dog too!!!

Try it again, maybe it will come in this time-Storms will raise cain with trying to send pics sometimes-

Ok here he is again, IF you can see him he is laughing - what a dog!

OK I see you're problem. You are trying to send it from your Yahoo mail account. It will not link like that. You will have to save the image ... right click and select save as ... give it a name and save it someplace convenient like your desktop. Then click on the box with the 2 green rectangles ... (5th from right at top) Click browse, find your image then select host it at the bottom ... on the next screen copy the link at the bottom (click copy button at right and then ctrl C on a PC.) then click upload at the bottom.

Now click the bix just to the right with the single rectangle ... click on the entry field next to the chain links and ctrl V to paste. then click OK and press send voila! You are done!

When I get back from my appointed rounds I will try that - thanks Kevin.