Investment, speculation or collection?

Looks as if there was a nerve struck on another thread concerning laws governing investment/speculation that resulted in it getting kind of off track, since the original post was asking a somewhat different question I thought it maybe better to just start over.

There has been a lot of discussion by Dinar holders from the beginning about what sort of "protections" they have for their investment, mostly about EO13303. But, seriously, does ANY of that even apply to physically holding Dinar? I have seen this come up before on other sites and it was immediately shouted down by yelling and insults or it simply disappeared without explanation but never was it discussed in any meaningful manner, obviously because the gurus have no way of explaining their way out of that one.

 Since this form of investing, considering the means of acquisition, bypasses ALL of the rules, laws and regulatory oversight governing investment and legitimate speculation how can anyone possibly expect to receive any sort of protections from these laws? You would have absolutely no form of documentation showing any kind of investment or speculation, in addition you will have bypassed every single regulatory committee/agency associated with legitimate investment/speculation.

This is how true currency speculation works,

   www.investorguide.com/article/11846/understanding-the-risks-of-currency-speculation-igu/

Notice that nowhere does it deal within individuals buying physical currency and stuffing it in a shoe box until it "RVs" or otherwise appreciates in value. In fact at no time does the speculator, working through Forex channels and brokers, even see the physical currency never mind take passion of it! These transactions are done only through licensed brokers/traders and they are regulated by explicit trade laws both domestic and international and each transaction is monitored by the overseeing authorities from the time of the original transaction until finalization.

 Now let's compare that to Dinar speculators, they purchase the physical cash from either a private party with no record of any kind of transaction or from a dealer that has a MSB (money service business) license. That MSB in no way makes them licensed brokers to trade in currency speculation nor to give any sort of financial advice,

 this is all a MSB license does,


http://www.fincen.gov/financial_institutions/msb/definitions/msb.html

 As far as Dinar holders having any record or oversight of an investment or speculation they have nothing, they may or may not have a "certificate of authenticity" but what's that worth? Absolutely nothing because it does not even identify the specific notes it is supposedly authenticating, a person could buy Dinars off Ebay and that certificate could be used with those and no one could tell the difference! Then there is the matter of the FACT that every single one of the Dinar dealers deny up front that these sales are for investment/speculation and state specifically they are NOT for investment or speculation purposes! So where does that leave the Dinar owner in regards to currency speculation regulation/laws or even with EO 13303? Quite obviously they would have extremely few if any options if seeking protection using the very regulations/laws that they clearly thumbed their noses at when they purchased their "investment"!


Of course EO 13303 deals with business investment in Iraq not currency speculation even if the Dinar holder could somehow prove that he/she was actually a legitimate speculator.

I remember reading Exec Order 13303 for the first time.  Read it several more times and still, to this day, can't find anything that can even be misinterpreted to be talking about people investing in the Iraqi Dinar.

Executive Order 13303
From Wikipedia, the free encyclopedia
Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.

Effects of EO 13303

The primary effect of EO 13303 is the legal protection of US oil companies. EO 13303 is part of a broader endeavor by the Bush administration to exert control over Iraqi oil revenues. The plan centers on the Development Fund for Iraq, created by the United Nations and nominally controlled by the United States, with advice from the World Bank and the International Monetary Fund (IMF). The second part of the plan is EO 13303, providing absolute legal protection for US interests in Iraqi oil.

https://en.wikipedia.org/wiki/Executive_Order_13303

Exactly but it's a perfect example of how the gurus can take a legitimate item and spin it into something it was never intended to be and have it become "fact"!

Some of the dealers or their "pumpers" would have us believe that George Bush set it up so that we could "invest" in this deal.  In fact I remember reading somewhere that "this was done so the little guy can get in on this.  The big guys don't like it."  I also remember many posts that alluded to the so called "fact" that the "Powers That Be" were doing everything to keep the little guy out and from collecting off their already purchased dinar.   Hmmmmmmmmmmmm.

This thing has been getting more interesting all the time.  One would hope that at the end something sane and sanitary would happen.  Then again we have to remember what has gone on to date and wonder ..... .  I think we will be wondering for a long time.  I would hope to see at least my money back before the turn of the century, but then my great great grand children would benefit.

Of course only the future will tell what the Iraqis will do concerning Dinar held outside their borders but folks need to stop and look at the situation. First of all for the most part those people hate us! How many Iraqis would like see thousands upon thousands of Americans (and others!) become millionaires with THEIR money? I think the vast majority would see this as American theft of Iraqi wealth and I would not want to be in the shoes of any Iraqi politician who supported it happening! Then there is the question of WHY would they allow all that wealth to leave the country, that's assuming such a thing even becomes possible but that's another kind of question. Untold BILLIONs of dollars would have to be paid to foreigners who did nothing for Iraq or the Iraqi people, they just bought Iraqi currency and then stood by until they had the chance to take huge amounts of wealth from the hands of the very people who have been suffering through all this, how would any of us feel if we were Iraqis living in that hell hole?

I think folks love to dream of the riches and the good life a "RV" would mean to them but unfortunately most see it through the perspective of what has been created by the gurus which makes it hard to accept the realities. If Iraq decides not to allow exported Dinar to return to the country they stand to keep all those Billions of Dollars for themselves and apparently speculators have little recourse if this happens, the other side of the coin would be to allow it back in and lose all those Billions of Dollars to foreigners that they have zero love for!

If we were Iraqi what WOULD we do?