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Ten Percenter defends those who did Reserve Programs  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Ten Percenter defends those who did Reserve Programs

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Ten Percenter defends those who did Reserve Programs  Empty Ten Percenter defends those who did Reserve Programs

Post by Ponee on Tue Aug 04, 2015 8:37 pm

Ten Percenter
8/4/2015 11:29:08
I'm so sick of people referring to those that were involved in the reserve programs as greedy. It has nothing whatsoever to do with greed. It has more to do with the fact that we/they weren't able to afford large sums of money to purchase foreign currency and reserves were the only other option.

Of course it's better to have currency in hand. Anybody knows that. But that's not always an option for everyone.

Had Sterling fulfilled their obligation, then those of us that were invested in Reserves would have at the very least received our 10% down payment in the foreign currency of our choice.

In that way we were assured to at least receive hard currency of some sort. The 'risk taking' was in the monthly "rollover" process. And few of us would have imagined that the largest foreign currency dealer in the US (with glowing revues) would have "supposedly" been raided and restricted from selling as well as completing their contracts.

Anyone can see that something smells extremely rotten in Atlanta. Since when does the FBI call the news prior to a raid taking place. Like, never.

We all know it's a farce but unfortunately we have lost everything in the process. If this was such a terrible business practice then they should (and would) have put a stop to it years ago, thereby avoiding the dealers making millions and the Dinarians losing millions in an attempt to keep their dream alive.

At the end of the day nobody wins. Look how long it's been now since Sterling was shut down. Think of how much they have lost just in hard currency sales. Sometimes being No.1 isn't the best position to be in.

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Post by FS4Enthusiast on Tue Aug 04, 2015 9:14 pm

Thanks for bringing this over, it's a perfect example of a VERY typical attitude.

Ten Percenter wrote:
8/4/2015 11:29:08
I'm so sick of people referring to those that were involved in the reserve programs as greedy. It has nothing whatsoever to do with greed. It has more to do with the fact that we/they weren't able to afford large sums of money to purchase foreign currency and reserves were the only other option.

I wouldn't necessarily say greedy.  It's really no different than buying calls (which is one of the reasons they're in trouble, they're marketing it as an investment which is completely illegal), which isn't inherently greedy.  I will, however, say they're pretty stupid.  Regardless of whether anyone still believes The Big RV is still a possibility, anyone with more than two brain cells to rub together has to admit that no one on the face of the planet has had a clue to the timeline.  I remember someone on DV trying to tell me in 2011 or 2012 that reserves were a great deal because for the amount of money it would take to buy 10 million dinar flat out, he could reserve 100 million dinar for the next year (or whatever the numbers work out to), and of course the RV would happen within the next year!  It had to!  Where's that guy now?  Out 10 grand with zilch to show for it, if he wised up soon enough.  Maybe out 30 or 40 grand, if he didn't, again with nothing to show for it.



Had Sterling fulfilled their obligation, then those of us that were invested in Reserves would have at the very least received our 10% down payment in the foreign currency of our choice.

Yeah.  10%.  And once you figure in the reserve charges, what kinda spread did you pay?  Probably jacks the already terrible 20-40% spread up to 60%+.  It's a total sucker bet.  It's like betting on the worst horse you can find to win the triple crown just because the odds are bigger.

And few of us would have imagined that the largest foreign currency dealer in the US (with glowing revues) would have "supposedly" been raided and restricted from selling as well as completing their contracts.

I question whether or not they're the largest.  Ali was kicking the hell out of them back when The RV Scam was much more popular.  Ali sold about the same amount of dinar in 2011 as Sterling did from 2011-2014.  Regardless, you should have imagined it, due to the MASSIVE amounts of shadiness and lies going on in all corners of the dinar "investment".


Anyone can see that something smells extremely rotten in Atlanta.  Since when does the FBI call the news prior to a raid taking place. Like, never.

Yep, something smells rotten.  It's Sterling.  Paying gurus to lie doesn't bother you?  Admitting they know they're scamming people doesn't bother you?  Admitting that what they're doing is illegal doesn't bother you?

We all know it's a farce

The farce is The RV.  You'll figure that out sooner or later.

If this was such a terrible business practice then they should (and would) have put a stop to it years ago, thereby avoiding the dealers making millions and the Dinarians losing millions in an attempt to keep their dream alive.

This is one of my favorite arguments just because it illustrates such a high level of cluelessness, and you see it CONSTANTLY on dinar forums and in the comments sections of mainstream articles calling The RV a scam.  Why didn't they put a stop to it immediately?  Oh, I don't know, why don't they catch and convict every murderer immediately?  I guess since they haven't stopped all murder, murder must not be illegal?  Exact same (lack of) logic.  There's billions and billions and billions of scamming going on in the US every year.  They can't identify, prosecute, and put a stop to every scam promptly.  It'd be nice if they could, but they can't.  Personally I think The RV scam is big enough it should have garnered more of their attention a few years ago, but it is what it is.  Better late than never.  At least they've started shutting these turds down now.  Madoff's scam went on for a couple decades, I believe.  I guess that means he didn't scam anyone either.

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Post by Cindy813 on Tue Aug 04, 2015 9:20 pm

The farce is The RV.  You'll figure that out sooner or later.

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Then why are you a VIP in here or even in here

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Post by kenlej on Tue Aug 04, 2015 9:31 pm

A lot people was paid off to keep this scam going. When you're talking about 250 billion USD in 10 years the government of Iraq was surely involved and most likely our government. This article was from 2007 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23473504
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Post by TinfoilHatless on Tue Aug 04, 2015 9:37 pm

@Cindy813 wrote:The farce is The RV.  You'll figure that out sooner or later.

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Then why are you a VIP in here or even in here
 
Because this is an open information site, made up of people who believe various things. Yes, most of us believe TNT & the other 'gurus' are full of shit. But many people in here own currency or have at some point. And some people let go of the RV happening years ago. We're a mix... but we're all welcome, & (most) everyone on here understands that we are.
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Post by Cindy813 on Tue Aug 04, 2015 9:38 pm

Thanks I Understand

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Post by kenlej on Tue Aug 04, 2015 9:39 pm

@Cindy813 wrote:The farce is The RV.  You'll figure that out sooner or later.

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Then why are you a VIP in here or even in here
Because Cindy a lot of dinarians have awakened in the last year to the fact the RV is a scam!! After 3 dealers being shut down for defrauding people and the FBI now saying it's a scam https://forms.fbi.gov/iraqi-dinar-investment-investigation only the dumbest of the dumb can still believe this scam  Ten Percenter defends those who did Reserve Programs  3508649203 raspberry eys
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Post by Cindy813 on Tue Aug 04, 2015 9:42 pm

This currency is NOT A SCAM

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Post by Ssmith on Tue Aug 04, 2015 10:10 pm

Good luck with that one!
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Post by Cindy813 on Tue Aug 04, 2015 10:14 pm

So Iraq is not using it, banks here were never selling it, and it will never be their preferred currency or an International Live Currency?

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Post by Ssmith on Tue Aug 04, 2015 10:33 pm

YES, IRAQ USES IT AND BANKS USED TO SELL IT (UNTIL THEY FIGURED OUT PEOPLE WERE BUYING IT FOR AN INVESTMENT).  IT MAY BECOME THEIR PREFERRED CURRENCY AND EVEN INTERNATIONAL AT SOME POINT.







BUT THAT DOESN'T MEAN IT'S GOING TO RV AT 10,000,000% OR WHATEVER TONY & THE REST ARE SAYING.
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Post by Cindy813 on Tue Aug 04, 2015 10:39 pm

.25 .50 or a 1.00 and I'M GONE

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Post by kenlej on Tue Aug 04, 2015 11:49 pm

@Cindy813 wrote:.25 .50 or a 1.00 and I'M GONE
LMAO Hey Cindy,No country in the history of currency has ever revalued 100% and a failed nation like Iraq that is split literally in 3 sections"Isis,Kurds,and Shites will never RV 1%. Its pegged at 1166 to a $1 and if it was free floating it would at least be 2000 to a $1 so please let the forex trading to experts and just keep serving food to customers bc u sure don't have a clue how the economics of countries works LMAO Ten Percenter defends those who did Reserve Programs  1656125192 omg Ten Percenter defends those who did Reserve Programs  3508649203 happydance lmao crazyspin crybaby Ten Percenter defends those who did Reserve Programs  2243815925 lol!
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Post by kenlej on Tue Aug 04, 2015 11:59 pm

The US dollar is the reserve currency of the world, its price is not prone to sudden fluctuations. For a very small country, this stability is welcomed as being small greatly increases certain risks such as speculative bubbles. If the US dollar experiences a speculative bubble, there are so many dollars in circulation that its effects will be muted. For a small country though, a speculative bubble can send the value of its currency soaring and undermine its export industry. An example of this is Switzerland where from June 2010 to August 2011 the Swiss franc went from being worth $0.87 to $1.38, a 59% raise in value, before the Swiss government was able to reverse the trend (CHF/USD). As u can see Cindy a revalue of a currency is not a good thing when your country lives off of exports like oil that would rise the same percentage as the currency so please keep serving eggs sunny side up LMAO  
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Post by dwm007 on Wed Aug 05, 2015 1:38 pm

@Cindy813 wrote:This currency is NOT A SCAM


Did anyone say it is?

 The CURRENCY certainly is not a scam, you are quite correct there, however it's the promotion of the idea by some people that great wealth can be gained by buying that it is the questionable part of all this not the currency itself. For sure the Iraqi Dinar is a legitimate currency and is as real as the currency of any other country but unfortunately that does not lend any credibility what-so-ever to the wild claims made about it nor the expectations of investors.

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