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Witchata Kanas Area News

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Post by Guest Wed Feb 08, 2012 12:46 pm

Hello,

I just received a call that the KSN Channel 3 News station will be running a news article tomorrow at 10am concerning the Iraq Dinar Investment as a scam using the old Iraq Dinar with Sadams face on it. Would you please watch for this article and post it over here. I have been on their website and cannot find anything about the airing.

Thank you,

AJ

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Post by glasshalffull Wed Feb 08, 2012 12:49 pm

makes me think maybe a local from that area can contact the station ahead of time to show them the new notes, if not their story on dinar will be a sham, they really should get their facts straight.
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Post by ADMIN Wed Feb 08, 2012 12:56 pm

Witchata Kanas Area News Preventive+Measures

MUCH APPRECIATED! GOOD JOB!!!

:cheers:

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Post by ADMIN Wed Feb 08, 2012 1:00 pm

@glasshalffull wrote:makes me think maybe a local from that area can contact the station ahead of time to show them the new notes, if not their story on dinar will be a sham, they really should get their facts straight.

Funny how they equip themselves with notes that have husseins face on them to try and make a point... The seasoned dinar owner will know better,really? its the ones that just bought in and have not yet gained any knowlege on the ins and outs that are gonna get anxiety over this.... crazyspin


Hoping someone in that viewing area will have a link for us when its viewable...


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Post by abby ann Wed Feb 08, 2012 1:09 pm

YES WOULD BE THANKFULL FOR THE LINK ALSO!!!!
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Post by LeeCountyNM Wed Feb 08, 2012 1:10 pm

Well those SHIQD notes sad but true will be worth money to some collectors some day.Strange how that works!!RVRVRVRIRIRI
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Post by happywelshguy Wed Feb 08, 2012 1:28 pm

This will indeed be most interesting.

I cannot see a News Channel making any comment, until their Legal Team has done thorough Due Dilligence and is satisfied that they are correct otherwise legal issues may result.

bounce

AJAnderson wrote:Hello,

I just received a call that the KSN Channel 3 News station will be running a news article tomorrow at 10am concerning the Iraq Dinar Investment as a scam using the old Iraq Dinar with Sadams face on it. Would you please watch for this article and post it over here. I have been on their website and cannot find anything about the airing.

Thank you,

AJ

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Post by ADMIN Wed Feb 08, 2012 2:00 pm

@happywelshguy wrote:This will indeed be most interesting.

I cannot see a News Channel making any comment, until their Legal Team has done thorough Due Dilligence and is satisfied that they are correct otherwise legal issues may result.

bounce

AJAnderson wrote:Hello,

I just received a call that the KSN Channel 3 News station will be running a news article tomorrow at 10am concerning the Iraq Dinar Investment as a scam using the old Iraq Dinar with Sadams face on it. Would you please watch for this article and post it over here. I have been on their website and cannot find anything about the airing.

Thank you,

AJ

Even if its a direct misinformation propaganda... that we have heard so much about... maybe an attempt to get people that own it to dump it?

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Post by Squishy Wed Feb 08, 2012 2:42 pm

This thought occurred to me recently.....what I find "funny" is that they go to so much lengths to discourage people from buying Iraqi dinar. TV media, newspapers etc.

I understand letting the people know about the Saddam ones, but who really cares? Is there THAT many people in the USA that are wanting to buy some old Saddam notes? If so, let them.

But why also try so darn hard to discourage the purchase of the new notes? We're nothing but a minority of people that even know about it, and IF we had another 5 years to tell people about it, we'd still not be able to tell everyone or get them all to buy. If someones working real hard against it, it tells me theres something good about it. IMO
8)
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Post by SEBtopdog Wed Feb 08, 2012 3:15 pm

Sounds like a good old misinformation propaganda campaign to me. Didn't the Kuwaiti government issue a statement just the day before its money revalued that there would be no revaluation?

I think the "expose" concering the IQD with Saddam Hussein's image is valid. There could be newbies who don't know the difference between the old and new dinar notes. There's always an angle. Suspect

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Post by CaptnJerry Wed Feb 08, 2012 4:17 pm

@SEBtopdog wrote:Sounds like a good old misinformation propaganda campaign to me. Didn't the Kuwaiti government issue a statement just the day before its money value was reinstated that there would be no revaluation? Kuwait DID NOT RV!!!

I think the "expose" concering the IQD with Saddam Hussein's image is valid. There could be newbies who don't know the difference between the old and new dinar notes. There's always an angle. Suspect

SEB You would be correct though... They said they would not RV and they didn't!!!

It seems that most have forgotten and the new investors have never been educated as to what happened on the ground in Kuwait.

So here it is by the numbers.

1. Saddam rolled into Kuwait and removed approximately 320 million of Kuwaiti Dinar

2. The value of the Kuwaiti dinar dropped from it's pre invasion value of $3.47 per dinar to a low of .05 - .10 cents per dinar on the streets / black market.

3. Some in Kuwait and the region were dumping all of the Kuwaiti Dinars they had for US Dollars as fast as they could.

4. When the US rolled in to liberate Kuwait the Kuwaiti Dinar was being traded on the street / black market for as low as .10 cents per one Kuawiti Dinar.

5. New currency was printed and exchanged 1-1 for the old dinar after the banks reopened and the value of the Kuwaiti Dinar was returned to it's pre invasion value of $3.47.

6. So YES...there were people who bought the Kuwaiti Dinar in Kuwait at a price of .05 to .10 cents and redeemed them at the full price of $3.47.


Here is the article from the New York Times in March of 1991


The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.

All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.

http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

http://news.google.com/newspapers?id=qxweAAAAIBAJ&sjid=PXsEAAAAIBAJ&pg=5441,6014365&dq=kuwait+currency+history&hl=en

CJ

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Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


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Post by Guest Wed Feb 08, 2012 6:41 pm

I received this information from KSN channel 3 News in an email to me.

The information and the video will be posted after the story airs on the 10pm show Thursday.

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Post by tajmah09 Wed Feb 08, 2012 7:16 pm

A.J.
I believe KSN, is also a Joplin, MO station. It was the NBC affilliate there.
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Post by Kevind53 Wed Feb 08, 2012 7:37 pm

[quote="happywelshguy"]This will indeed be most interesting.

I cannot see a News Channel making any comment, until their Legal Team has done thorough Due Dilligence and is satisfied that they are correct otherwise legal issues may result.

bounce

AJAnderson wrote:Hello,

Most news organizations have not been overly concerned about accuracy in their reporting in a long time ... The only time they seemed concerned is when they get caught in a lie, and then they just blame and fire the reporter.

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Post by SEBtopdog Wed Feb 08, 2012 8:17 pm

@CaptnJerry wrote:
@SEBtopdog wrote:Sounds like a good old misinformation propaganda campaign to me. Didn't the Kuwaiti government issue a statement just the day before its money value was reinstated that there would be no revaluation? Kuwait DID NOT RV!!!

I think the "expose" concering the IQD with Saddam Hussein's image is valid. There could be newbies who don't know the difference between the old and new dinar notes. There's always an angle. Suspect

SEB You would be correct though... They said they would not RV and they didn't!!!

It seems that most have forgotten and the new investors have never been educated as to what happened on the ground in Kuwait.

So here it is by the numbers.

1. Saddam rolled into Kuwait and removed approximately 320 million of Kuwaiti Dinar

2. The value of the Kuwaiti dinar dropped from it's pre invasion value of $3.47 per dinar to a low of .05 - .10 cents per dinar on the streets / black market.

3. Some in Kuwait and the region were dumping all of the Kuwaiti Dinars they had for US Dollars as fast as they could.

4. When the US rolled in to liberate Kuwait the Kuwaiti Dinar was being traded on the street / black market for as low as .10 cents per one Kuawiti Dinar.

5. New currency was printed and exchanged 1-1 for the old dinar after the banks reopened and the value of the Kuwaiti Dinar was returned to it's pre invasion value of $3.47.

6. So YES...there were people who bought the Kuwaiti Dinar in Kuwait at a price of .05 to .10 cents and redeemed them at the full price of $3.47.


Here is the article from the New York Times in March of 1991


The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.

All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.

http://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

http://news.google.com/newspapers?id=qxweAAAAIBAJ&sjid=PXsEAAAAIBAJ&pg=5441,6014365&dq=kuwait+currency+history&hl=en

CJ


Thanks for the cold, hard facts, CJ. I'm no expert, and I've probably erred in repeating more than one story I've read on other sites. So I truly appreciate a little education from you!
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Post by ADMIN Sat Feb 11, 2012 1:27 pm

WICHITA, Kansas -- When Michael Capps set foot in Iraq with Halliburton, Iraqi Freedom was well underway, but the buzz in the American bases had nothing to do with politics.
“The minute you hit the ground, there was hype,” said Capps.

Servicemembers were talking cash, Iraqi money called dinar.

“You couldn't almost walk into an American base without somebody mentioning the Iraqi dinar, the revaluation, the investment…we're going to become instant millionaires,” said Capps.

The idea? Buy dinar at the current low value, near worthless, and hope for appreciation.

When Capps bought his currency in Iraq, $14,000 worth, the dinar was valued around 1,500 to one dollar.

Best case scenario, the dinar would return to its pre-war value 3.5 to one, making Capps and many other investors instant millionaires.

“If it sounds too good to be true, come on wake up, it's too good to be true,” said Certified Financial Planner, Don Grant.

Grant is the first to steer potential investors away from the dinar. He starts with the dinar's valuation. Unlike the U-S dollar, the dinar isn't backed by a stable government.

“The dinar has been valuated initially by Saddam Hussein. He is the one who said, ‘This is what it's worth,” and it’s pretty much maintained that same value for the past decade,” said Grant.

According to online exchange site xe.com, today's value of the dinar is about 1,160 to every dollar. Back in 2005, it was around 1,500. That’s a seven year appreciation of about 30 cents.

Capps is well aware his investment might take time. He's well-aware it's nothing more than a gamble in the first place.

“I think there's definitely some potential for some real opportunity, but anybody that's got the view that it's a get rich quick overnight, it definitely isn't going to happen that way,” said Capps.

But Grant and many other advisors have one undeniable reason they don't see that potential. The Iraqi government may be the last one to want their currency to appreciate. They're in big debt. If their currency gains value, that just deepens their debt. In fact, many say Iraq would be far more likely to scrap the dinar altogether and create a brand new currency, making all that dinar sitting in American houses nothing more than pretty paper.

But say, the dinar stays put and it does appreciate. Here comes the next problem, says Grant. Where do you cash them in?

“I don't know of a place in America where I can go trade dinars other than some place that is perhaps illegal,” said Grant.

The currency is not regulated. To see for yourself, Grant offers a challenge to those thousands of Iraqi dinar dealers online.

“Present them the opportunity of buying some that you have. Tell them you'll sell them at a discount. I don’t think they'll buy it,” said Grant.

That's something both Capps and Grant agree on. It's the middle men you need to be wary of. With shipping and handling and commission charges, you end up paying two to three times the dinar's true value, making the dealers the ones who may be getting rich.

Yet the trend of dinar investment continues to grow and there's one reason for that; hope.

No one knows for sure if it will or won't pay off.

But even Capps offers this advice:

“The dinar as a whole is completely a risk. You know, one of the things people will tell you about any investment is, don't invest money you're not prepared to lose.”

Grant encourages anyone interested in foreign currency investment to get with a certified financial planner. Visit cfp.net for more information.



http://www.ksn.com/content/news/editorschoice/story/Dealing-in-dinar/eI53wiiaMUaeH8UTARbxUw.cspx

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Post by glasshalffull Sat Feb 11, 2012 1:44 pm

wow this guy really knows nada, first of all, it's not illegal to trade them in when the time comes, so what places are illegal in his mind? also, those investors he steered in the opposite direction, are going to be pretty peeved when it does happen Twisted Evil
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Post by Kevind53 Sat Feb 11, 2012 1:54 pm

he is also in error about Sadam setting the rate, it was free floating before he came into power and was actually slightly higher than where he locked it down at after the gulf war.

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Post by Guest Sat Feb 11, 2012 2:36 pm

I cannot get the thing tom play not even at the KSN site. It plays for awhile and then goes back to the start over point. AJ

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Post by Franklin54 Sat Feb 11, 2012 3:32 pm

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Post by clayf Sat Feb 11, 2012 4:41 pm

Yeh that guy in the park area is an #%@*&^%.....REINSTATEMENT, COMING OUR WAY
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