its the first is it possible tony was wrong

but tony said by the first of october Im so confused

oh so maybe hes not wrong i just cant imagine tony would lie to all of those poor people that depend on him so much they even spoke of nominating him for the noble peace prize

tonys day is coming gonna be a rude awakening when the whole lot of them are in the slammer

in all seriousness how does this continue is there not some law to prevent this let alone a moral obligation to not do this to people im sure that some of these people are clinging to this as their only way of surviving i have other means of survival i would just like to retire and not work all of my life but for some of these folks they are probably at their end of the rope

Tony never said what year for Oct 1st. Folks should know by now not to trust everything they hear. These are only opinions. My take on all this is if the person who is passing out the information cannot and will not divulge his/her so called contacts or sources means that they don't have a true source and is making things up as they go. No different then those folks who leave a message of hope but in the same sentence turn around and type " but i could be wrong".

i do feel bad for these people though, they should be told the truth but they are probably so far gone it wouldnt make any difference anyway

Now for those who need some hope, think about this for a moment, and this is just my opinion. Even as corrupt as our government is, it still was not as corrupt as the Iraqi government.That being said, our government will not allow the american people ( the big wigs,fat cats, elite wealthy ) whatever you want to call them, the powers that be, to invest in a country that would not provide the american government some sort of monetary profit if they helped them to regain their lost pride as a people,and their money system to re-trade internationally with the international community. If that were the case then our banks and exchange centers would not be allowed to sell Iraqi dinars to us. At least that is how i see it.

ive gotta say i agree with you i intend to stick with this until there is an outcome but never would i let it consume my life

Here is my hope to those that want something to cling to. Follow the money.Check the banks rates yourself.Follow Forex: http://forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html, and know that is it drops to 1085 that means we are at $3.91. Follow www.netdania.com, www.xe.com. Just follow the money and remember the gurus are only opinions and not stated facts. Even better go to the US Treasury website and look on their chart for the dinar rate, once it changes from 1166 you know something has happened.

that has been my strategey for a very long time

well according to an internet IQ test i was in the top 8% and we all know the internet dont lie    LOL LOL

you gotta be smart enough to find it first

Geez lets me out, I wasn't smart enough to NOT let my mother-n-law come visit and that was suppose to be somthin' simple lol. Oh well guess i have to keep making money online from trading then.

thats funny, been fun gotta go work on a boat if the IQ test was even close to being right i would have never got into the boat business lolol

jessesilverssr wrote:Now for those who need some hope, think about this for a moment, and this is just my opinion. Even as corrupt as our government is, it still was not as corrupt as the Iraqi government.That being said, our government will not allow the american people ( the big wigs,fat cats, elite wealthy ) whatever you want to call them, the powers that be, to invest in a country that would not provide the american government some sort of monetary profit if they helped them to regain their lost pride as a people,and their money system to re-trade internationally with the international community. If that were the case then our banks and exchange centers would not be allowed to sell Iraqi dinars to us. At least that is how i see it.

Whether or not our Government allows Dinar to be sold has absolutely nothing to do with anything related to any increase in Dinar/Dollar exchange rates! Iraqi Dinar can be sold in this country just like anything else that's legal but have you not noticed that the dealers sell it as "collectible"? As far as banks and exchange centers selling Dinar that is simply a money service and again as long they are operating within laws governing such services, which apply to ALL currencies regardless of whatever country, they can legally sell/exchange and the Government can not disallow such sales, again it means exactly nothing!


What you really should be looking at, and what REALLY matters, is the numbers in circulation vs the reserves that are backing it, anything else is just wishful thinking. Iraq has, due to past inflation, have around 80 to 90 TRILLION Dinars that they have to account for but as of recently their stated reserves are slightly less than 60 Billion Dollars so any significant exchange rate increase is not just unlikely but is actually IMPOSSIBLE! Does it not seem to be a problem that if Iraq could somehow claim an increase to $1 per Dinar that they would then have about twice the collective wealth of all the countries on the planet? Iraq can not back even 1/10 of a Trillion Dinars at a rate of $1, never mind 90 Trillion! Due to the fact the exchange rate is so high, or low depending on the direction you going with it, Iraq has in circulation over three times as many Dinars as the U.S. has Dollars so where the dickens is all those Dollars supposed to come from if they "RV" to a Dollar?

It really is as simple as that, as long as there are that many Dinar in existence any significant exchange rate increase is absolutely impossible and is never going to happen no matter what other figures someone may point to. The ONLY way Iraq can improve the exchange rate is by doing exactly what they have been telling the world they intend to do (if they can get their house in order long enough to do so) and that is by going through with a revenue neutral re-denomination (LOP, no one gets rich) just as many other countries have done in the past, it's the only way they can do it!


Their other option is to just leave the rate as it is, as many of the Iraqi officials want to do which has been the major hold-up to the process so far. This has worked for many countries such as South Korea and South Korea is proof that just because a country has a big increase in wealth and growth does NOT mean an increase in exchange rates, that is a guru myth! South Korea came from a stone age economy to a wealthy industrial nation in less then fifty years, absolutely phenomenal growth but their exchange rate has remained almost the same as as Iraq's and they have no interest  in changing it!

The bottom line is that the big Iraqi "currency investment" is, just as the major financial institutions, State and Government agencies and even the FBI have been warning people, is nothing but a scam! It always has been right from the start, a guru generated scam that is/was based on a rumor that started during the Iraqi occupation and it is and always will be nothing more than that!

Thank you for the detailed and interesting information DWM007!

All that aside, 1185/USD equals .0008438, NOT $3.91